Key risks
- Chronic losses in 7 of last 8 quarters; only Mar 2024 profitable (₹8.02 Cr). Verify what enabled profitability and whether repeatable.
- Negative margins not scaling: OPM ranged from -2.45% (Mar 2025) to -53.03% (Jun 2023). Verify cost structure and path to breakeven.
- Investor exit: stock down 31.19% in 1 year and halved from ₹98.2 high; FII 0%, DII 0.03%. Verify if losses are priced in or reflect deeper concerns.
- Execution risk after years of losses: must grow revenue and cut costs concurrently. Verify management plan and track record.
Generated analysis · source review pending