Raw material cost volatility
Metal prices rose 25-40% in H2, compressing margins. If prices remain elevated, margins could face further pressure.
Apex Ecotech · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Metal prices rose 25-40% in H2, compressing margins. If prices remain elevated, margins could face further pressure.
Large orders from Reliance and L&T increase dependency; any slowdown or loss of these clients could impact revenue.
An analyst noted order book declined from ₹145 Cr (May 2025 presentation) to ₹125 Cr, raising questions about growth sustainability.