Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
High Dependency on Lightweight Jewellery Sales
The company derived 98.33%, 98.01%, and 96.37% of its revenue from lightweight jewellery in Fiscals 2026, 2025, and 2024, respectively.
Business · high
Reliance on Top Customers
Top 10 customers contributed 60.77%, 70.50%, and 62.81% of revenue in Fiscals 2026, 2025, and 2024.
Business · high
Negative Cash Flows
The company has experienced negative cash flows in the last three financial years.
Financial · high
Fluctuations in Gold Prices
Fluctuations in gold prices directly influence the affordability and purchase volumes of gold jewellery.
Market · medium
Single Manufacturing Facility
The company operates out of a single manufacturing facility located in Mumbai, making it vulnerable to operational disruptions.
Operational · medium
What the business leans on, as the filing describes it.