Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Revenue Dependency on Railways Sector
The company derives a substantial portion of its revenue from the sale of transformers in the railways sector, with significant dependencies on top customers and suppliers.
high · high
Regulatory Compliance Risks
The company has faced delays in payments of statutory dues and has filed applications for non-compliance with certain provisions under the Companies Act, 2013.
high · high
Order Book Uncertainty
The company has a substantial order book that may not be indicative of future revenue.
high · high
International Operations Risks
The company is exposed to risks associated with international operations and export revenues.
high · high
Cash Flow Challenges
The company has experienced negative cash flow from operating activities.
high · high
Raw Material Dependency
The company is significantly dependent on imported raw materials, particularly CRGO electrical steel and CTC copper.
high · high
Pending Tax Proceedings
The company has pending tax proceedings and outstanding demands against it and its directors.
high · high