Execution risk on large capex program
The ₹3,000 crore capex, especially mine development, faces regulatory and implementation challenges; management acknowledged time-taking approvals.
GALLANTTISPAT / bear-case history
Track the concerns that keep returning.
Gallantt Ispat · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Counterparty risk on intercorporate deposits
Company deployed surplus cash in intercorporate deposits at 12% interest; analyst raised concern about counterparty risk, management expressed confidence but risk remains.
Steel price volatility and input cost pressure
Global steel prices remain under pressure from Chinese exports; raw material cost ratio held at 72% but any sharp increase could impact margins.