Commodity price volatility
Rising aluminium, zinc, and steel prices due to global trade tariffs and geopolitical tensions could compress margins.
BAJEL / bear-case history
Track the concerns that keep returning.
Bajel Projects · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Geopolitical headwinds in Middle East
US-Iran war has slowed Middle East plans and increased crude oil prices, impacting supply chain and project timelines.
Working capital and receivable days
Receivables increased due to higher last quarter billing and a marquee customer delaying payment; though collected post-quarter, structural elongation remains a risk.
Legacy orders and margin pressure
Analyst raised concern about legacy orders in the book; management acknowledged commodity headwinds but did not quantify legacy impact.