Though the company saw revenue growth CAGR (compounded annual growth rate) of 237.4 per cent in FY20-22; heavy dependence on government-funded projects, single source of revenue, and entry of other major players (such as the Adani Group through joint ventures with foreign drone companies) can act as major risks. That said, comparing both risks and opportunities, we recommend 'subscribe' for investors with high-risk appetite," said those at Swastika Investmart.Read more:
