Key risks
Extreme revenue and profitability swings: Jun 2024 and Jun 2023 were profitable (OPM 13.7%, 17.66%) while six recent quarters were loss-making (OPM -100% to -204%, including Dec 2023 at -₹5.82 Cr net loss and Mar 2025 at -₹5.02 Cr).
Operating model sustainability: three-quarter operating margins of -100% to -204% on ₹4–7 Cr quarterly revenue suggest the business structure itself may not support off-season operations—verify what drives the June spike and whether it can be replicated or extended.
Minimal founder ownership and institutional backing: promoter stake of only 9.34%, zero FII/DII investors, and 90.66% public float—assess founder's capital allocation plans and institutional investors' views on the business turnaround.
Generated analysis · source review pending