Key risks
- Margin volatility: OPM fell to 35.57% (Dec 2025), recovered to 54.29% (Mar 2026)—exposes earnings to commodity and input-cost cycles
- High valuation: PE 45.01 leaves limited cushion for earnings misses or cycle reversal
- Stock volatility: 52-week range ₹229.9–₹760.05 (3.3× move) reflects commodity and sentiment swings
- Revenue seasonality: ₹687 Cr (Dec 2025) to ₹1,156 Cr (Mar 2026)—verify if structural or transient
Generated analysis · source review pending