Key risks
- Extreme leverage: D/E 8.03 vulnerable to interest-rate shocks and refinancing risk
- Profit volatility: Net profit ranged -₹1.4 Cr to ₹18.02 Cr; verify if seasonal, cost shocks, or operational instability
- Margin compression: OPM fell 1,680 bps from 21.66% (Sep 2024) to 4.82% (Mar 2026); verify causes (input costs, competition, product mix)
- No institutional base: Zero FII, 0.35% DII—limited analyst coverage and confidence
Generated analysis · source review pending