Key risks
- Margin swings: OPM 6.58%–16.11% vs. headline 10.61%. Thin margins compress profit on small revenue dips.
- ROE 7.47% signals poor capital efficiency. Verify if structural or company-specific.
- PE 20.18 on OPM 10.61% looks stretched. Investor expectations exceed visibility.
- Electrodes & Refractories cyclical to steel/cement/power capex. Verify order book, commodity costs, end-market demand.
Generated analysis · source review pending