Power segment tariff litigation uncertainty
The power division faces adverse tariff revisions (from ₹8.5 to ₹3.5 per unit for Balwa plant) with final orders pending; further delays or unfavorable outcomes could prolong cash drain.
DEEDEV / Q3-FY26 / risks
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DEE Development Engineers · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Inventory holding and working capital intensity
High inventory levels (₹500-600 crore) relative to order book due to project-specific procurement and import lead times; any order cancellation or delay could strain liquidity.
Input cost volatility and raw material price trends
Rising steel prices and import dependence (50% of raw material) could pressure margins if not passed through; management claims insulation via back-to-back ordering but risk remains.
Data presentation inconsistencies
Analyst flagged confusion in EBITDA reporting (labor code impact inclusion); management acknowledged and promised revised filing, indicating potential transparency issues.