HFC quota allocation uncertainty
The Kigali Amendment quota allocation for HFC-32 production is uncertain; incumbents may consume the national quota, potentially limiting Tanfac's production.
TANFAC / Q4-FY26 / risks
Keep the risk register visible.
Tanfac Industries · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
high
Raw material cost inflation
Sulfur prices have increased due to the West Asia crisis, and while costs are passed through with a lag, margin pressure persists.
Execution risk on large capex
The ₹495 crore capex is the largest in company history; any delays or cost overruns could impact returns.
Customer concentration in solar DHF contracts
Solar DHF orders of ₹168 crore over 3.5 years book ~85% of capacity, but reliance on a few customers poses concentration risk.