Working capital deterioration
Receivable days increased from 95 to 172 and inventory days from 27 to 63, indicating cash flow strain.
GP Eco Solutions · risk themes across the available quarters.
Bear-case history
Receivable days increased from 95 to 172 and inventory days from 27 to 63, indicating cash flow strain.
Management missed its earlier guidance of ₹550-600 crore revenue, achieving only ₹418.14 crore due to project delays.
The 2-3x revenue growth target relies on timely commissioning of delayed projects and new orders, which may face similar headwinds.
Management cited raw material cost increases and dollar fluctuations as factors affecting project costs and margins.