UK service margin pressure from high energy costs
High UK power prices (>₹30/unit) are reducing service work from energy-intensive industries, compressing margins at SP UK.
KIRLOSBROS / bear-case history
Track the concerns that keep returning.
Kirloskar Brothers · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Jal Jeevan Mission execution delays
Delays in fund releases at the state level continue to impact dispatches under JJM, though it is only 4-5% of revenue.
Geopolitical and supply chain disruptions
Wars and gas shortages could disrupt raw material availability and increase costs, though management believes it can pass on price increases.