⚠Geographic concentration risk with heavy reliance on Gujarat projects.
⚠Revenue heavily dependent on a few major clients.
⚠Project delays, modifications, or cancellations impacting financial results.
⚠High competition from established regional and national players.
⚠Economic and regulatory changes affecting project viability.
⚠Client payment delays can strain cash flow and liquidity.
⚠Vulnerability to local political and economic instability.