Many issues with the company:
Capex vs ROCE:
ROCE of the company has decreased even without significant capex
Depreciation Effect:
Company is depreciating a lower percentage of assets. This is contributing to an increase in Net Profit
Pledge:
Promoters have pledged a significant portion of their holding
Contingent Liabilities:
Company has significant contigent liabilities which can be risky
Share price:
Share price has decreased over last 10 years more due to earnings
Working Capital:
Company has significant working capital which is dragging its ROCE and ROE
Debt:
Company have issues servicing its debt
Your thoughts please @Rahil_Dasani
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