MIDHANI

MIDHANI, a PSU, manufactures super alloys, specialty steels, and soft magnets for the Indian defense industry, serving clients like Bharat Electronics, DRDO, and HAL. Unfortunately, its performance has been stagnant, with negative profit growth (-14.54%) and minimal sales growth (7.71%) over the past three years. Given this track record, it's best to avoid this company for now. While it plays a vital role in the defense supply chain, its financial performance doesn't currently warrant investor interest.