CMP: 290


Sandesh Limited publishes daily and weekly newspapers and magazines. The company also engaged in bullion trading business as well as construction and development activities. Sandesh Limited constructed the Sandesh Bhavan at Ahmedabad which provides all utilities under one roof.

Sandesh Limited is a good bet in small cap space with market cap of 250 Crores. Revenues have slowly and solidly grown 2 fold from 130 Crores to 240 Crores. Whats most impressive is that NPM has grown from 2% to nearly 25% over 5 years. NPM growth has fueled PAT to grow 13 fold from 3 Crores to 38 Crores in the last 5 years. P/E of little over 6 is attractive. Decent dividend yields of 1%. Buy, accumulate on dips of 10% and hold for long term gains.