Key risks
- OPM -28% to +21% in recent quarters; verify if project-cycle dependent or structural margin issues.
- ROE -3.8% destroys value; verify capital efficiency at D/E 0.95 leverage.
- PE 34.01 high vs. volatility and negative ROE; verify if pipeline justifies valuation.
- Mar 2026 loss ₹14.29 Cr on ₹248 Cr revenue; verify execution risk and working-capital timing.
Generated analysis · source review pending