Key risks
Thin and volatile operating margins: 9.44% average, recent quarters at 5–8% (Mar 2026), Dec 2025 peak 25.06%; limits shock absorption
Revenue lumpy across quarters (₹12–69 Cr); verify if seasonal or structural volatility
Minimal institutional participation (FII 0.33%, DII 0%); verify liquidity and analyst coverage implications
Limited scale: ₹142.9 Cr market cap against ₹40–70 Cr quarterly revenue restricts diversification and resilience
Generated analysis · source review pending