Cosyn : A proxy play on Cloud IT services?

The company is engaged in IT services industry ( Mostly Application software for Cloud services, energy management, utility management).
It seems to be mostly focused on the domestic market , a large proportion of its exposure is from the government sector .

It is also doing some R&D on the 3D printing / IOT/“nearables” segment.

It has been a consistent performed for the last 2 years or so.

Pros :
Low PE
Consistent EPS growth over the last 2 years
Promoter holding of 51.68%
Company looking to some exciting avenues like 3 Printing/IOT ( though not sure if these will catch on or fade away ?

Too much dependence on the govt sector orders
Not much media visibility. The company is not too well known
Too many competitors in this space.
Margins are not too high

Disclosure: Entered @52

Insufficient work to qualify for starting a new thread on a company. Please comply with the same by editing the first post itself. Till then the thread is closed.