Commodity price inflation risk on fixed-price contracts
Rising steel, nickel, copper, and aluminum prices could pressure margins on fixed-price orders, though management hedges via back-to-back supplier offers covering ~90% of exposure.
ISGEC / bear-case history
Track the concerns that keep returning.
Isgec Heavy Engineering · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Cavite Biofuel sale uncertainty
The sale of the Philippines subsidiary fell through as the buyer failed to pay; the asset remains classified as held for sale with ₹1,098 crore investment, and management was evasive about new buyers.
Execution risk on large capex plans
Multiple capex projects totaling ~₹350 crore with timelines extending to 2028 may face delays or cost overruns, impacting expected revenue additions.
FGD project retention money recovery
About ₹250 crore of retention money is expected in Q4, but ₹100 crore may spill over; delays could strain working capital.