Established EPC player, well positioned to capitalize in a fast-growing solar industry in India.
Strong execution track record spread across geographies.
Efficient co-development business model.
Disciplined project selection & execution capability.
Strong revenue visibility backed by robust Order Book.
The company's business is working capital intensive and requires substantial financing for its business operations. Any
inability to meet the company working capital requirements or arrange necessary financing in a timely and cost-effective
manner may adversely affect its operations and profitability.
Frequent Changes in Auditors Could Adversely Affect the Reliability and Continuity of the company Financial Reporting.
Potential risks and uncertainties associated with future development of renewable power projects on agricultural
land.
There are certain delays in reporting of statutory dues by the company. Any further such delays may attract financial penalties
from the respective government authorities and in turn may have a material adverse impact on its financial condition
and cash flows.
The company's business is dependent on top 10 off-takers for the year, which have contributed 97.25%, 96.76%, 88.01%, 69.38%
of its revenue from operations during the Period ended January 31, 2026 and Financial Year ended 2025, 2024 and
2023, respectively. The loss of any of these off-takers could have an adverse effect on the company's business, financial condition,
results of operations and cash flows. However, the top 10 customers vary year on year subject to longevity of the
contract with the Company.
The company procured 86.01%, 99.49%, 93.46%, 81.50% of its total purchases during the period ended January 31, 2026 and
Financial Year ended 2025, 2024 and 2023, respectively from top 10 of the company suppliers. Further, its does not have
definitive supply agreements with the company vendors for the supply of components and any interruptions in supply could
adversely affect its business, financial condition, results of operations and cash flows.
The company has Quantifiable contingent liabilities and commitments, and its financial condition could be adversely
affected if these contingent liabilities or commitments materialize.
The Company, Promoter and Directors are parties to certain legal proceedings. Any adverse decision in such
proceedings may have a material adverse effect on its business, results of operations and financial condition.
The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the
future could adversely affect its results of operations and financial conditions.
Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.
