Government payment delays
Management noted that government payments have slowed, with March collections lower than expected, impacting working capital.
LTELEVATOR / bear-case history
Track the concerns that keep returning.
LT Elevator · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Raw material price inflation
Steel prices have risen significantly; management has raised prices and uses escalation clauses but impact on margins remains uncertain.
Goodwill impairment and asset spike unexplained
A 7 crore goodwill impairment and 17x increase in other current assets were noted but management could not explain them on the call.
Capacity bottleneck before new plant
Current capacity is limited to ~150-160 crore revenue; management is outsourcing and adding temporary capacity, but execution risk remains.