Key risks
- Operating margins swing sharply (−19.83% OPM in Dec 2025, +12.52% in Sep 2025); two of the past three FY2026 quarters showed negative or near-zero margins, signaling vulnerability to demand and cost swings
- Dec 2025 posted net loss of ₹9.87 Cr; Jun 2026 showed −1.33% OPM on ₹51–57 Cr revenue, suggesting structural pressures rather than seasonal dips
- PE of 29.22x against ROE of 6.23% prices in recovery not yet visible in results; any earnings miss will hit valuation hard
- Public shareholding fell from 20.02% (Mar 2026) to 18.65% (Jun 2026) while FII/DII hold only 2.12% and 4.24%; verify whether shrinking retail interest signals deteriorating confidence
Generated analysis · source review pending