Key risks
PE 45.78 leaves limited downside protection if earnings miss—quarterly profit ₹400–530 Cr shows no clear growth trend
Operating margin fell to 14.6–16.2% in Jun 2026 from 18–19% prior quarters; verify whether pricing pressure, mix shift, or cyclical softness
Revenue flat ₹3,700–4,300 Cr over 12 months—verify if sector headwinds, customer caution, or FX pressure restraining bookings
Generated analysis · source review pending