Risks
Commodity Price Volatility: Fluctuations in raw material costs (e.g., steel, copper, aluminium) can impact manufacturing margins.
Intense Competition: Highly fragmented industry with aggressive pricing pressure from both organized and unorganized players.
Monsoon Dependency: Sales to the agricultural sector are significantly influenced by the monsoon season and overall agricultural output.
Government Policy Changes: Adverse changes in subsidies, tariffs, or agricultural policies could impact demand and profitability.
Economic Slowdown: A general economic downturn can reduce industrial activity and consumer spending, affecting demand across all segments.