Key risks
- Margins swing 7.26%–18.23% quarterly despite stable revenue—execution or project-mix inconsistency
- PE 31.3 vs ROE 10.92%—stock prices recovery not yet evident in returns
- Stock down 23.74% in 12mo; verify order pipeline and project execution outlook
- No dividends since 2011 with promoter stake 16.17%—verify cash deployment and earnings use
Generated analysis · source review pending