PM-KUSUM 2.0 delay
The PM-KUSUM 2.0 scheme has been delayed, which could impact H2 FY27 volumes if not launched in time.
GKENERGY / bear-case history
Track the concerns that keep returning.
GK Energy · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Raw material price volatility
Rising raw material prices could pressure margins, though management mitigates via forward agreements and volume benefits.
Competitive intensity in solar pumps
Increasing competition in the solar pump market could lead to pricing pressure, but management relies on brand and scale.
Working capital requirement for growth
Doubling revenue to ₹3,000 Cr may require ~₹1,000 Cr working capital, which could strain liquidity if not managed.