Negatives:
- Promoter holding is quite low: 30%
- Dependency on raw prices of metals , mostly non ferrous metals.
- Defence sector, prima facie, is highly dependent upon government policies / stable government. A change in the current regime can adversely affect it.
- L&T is already making valves and if they decide to go big on this sector, it can be a big competition to them
- No considerable orders on waste water treatment yet.
- Dependency on vendors to source the valve components
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