Results seems to be fine. Gear divison business seems to be doing well. Capacity utilisation can go up and that can aid in margin expansion.
Can do a 20% growth in gear divison as per management on topline in gear division provided Navy order also materialized which they are hopeful will flow in.
Debt reducing which will be beneficial which will lower interest cost .
With boost to infrastructure and industry they cater to power, steel and others looks like next 2 years will be good for business.