Key risks
- Earnings and margins highly volatile: net profit ranged ₹–0.21 to ₹0.51 Cr; OPM from –4.06% (Jun 2020) to 14.75% (Sep 2019); verify if current 16.22% OPM is structural
- Revenue base tiny (₹2.71–₹7.67 Cr quarterly) and unstable; limits pricing power and fixed-cost absorption
- Stock down 27% YTD despite PE 322; current earnings likely depressed; verify profitability sustainability
- Verify end-market demand, customer concentration, and competitive moat in electrical equipment niche
Generated analysis · source review pending