Delays in government contract finalizations
Orders negotiated but not yet awarded (₹1,100 crore) may face delays, impacting near-term revenue visibility.
DATAPATTNS / Q3-FY26 / risks
Keep the risk register visible.
Data Patterns (India) · Material risks, their source context, and severity in the latest available quarter.
Research layer active
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Signal, with the source still visible.
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Risk intelligence
Material risks this quarter
medium
Working capital cycle pressure
Cash on hand is at lowest in eight quarters; working capital days at ~340, though expected to improve with collections.
Competition in radar and EW segments
Increasing number of players entering radar and EW space could pressure margins; management differentiates via IP and system-level offerings.
Dependence on government defense spending
Business heavily reliant on government contracts; any slowdown in defense allocations could impact order inflows.