High customer concentration (Jindal)
Approximately 80% of revenue comes from Jindal, posing a risk if the relationship sours or demand drops.
VIBHORSTEELTUBES / Q3-FY26 / risks
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Vibhor Steel Tubes · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Certification delays for new products
New products like transmission towers and poles require state-level certifications, which may delay revenue recognition.
Execution risk in capacity expansion
The company is adding new machines and galvanizing lines; any delay could impact growth targets.