Execution delays from regulatory disruptions
NGT orders and municipal elections caused ~1 month loss in Q3, impacting revenue by ~₹100 crore.
CAPACITE / bear-case history
Track the concerns that keep returning.
Capacit'e Infraprojects · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Revenue recognition from MMRDA JV uncertain
Company unable to recognize its 35% share of JV revenue (~₹105 crore in Q4) due to accounting constraints, which could affect top-line growth.
Old receivables recovery risk
₹54 crore of old receivables remain; recovery of ₹50 crore targeted in FY26, but legal proceedings could delay.
Labor code implementation impact
New labor codes may increase compliance costs, though management sees minimal impact (₹40 lakh provided).