Equity / Stocks - Venkys India Ltd in MARKETS - CMP: 510
Venky's (India) Limited owns several hatcheries throughout India. The Company business units specialize in poultry breeding and farming, ...
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10-20-2011 07:01 PM
Venkys India Ltd
CMP: 510
Venky's (India) Limited owns several hatcheries throughout India. The Company business units specialize in poultry breeding and farming, as well as chicken meat processing. Venky's also manufactures poultry feed and animal health products, specifically pathogen free eggs used in the manufacture of human, animal and poultry vaccines.
Venkys India is a good bet in small-cap space for long term. Its currently trading at a P/E of less than 9 with decent dividend yields of close to 1% in the last 12 months. Minimal liabilities. Revenues have grown steadily from 410 Crores to 852 Crores in the last 5 years. Profits have grown exponentially from 12 Crores to 73 Crores backed by strong NPM growth. NPM has grown strongly from less than 3% to almost 9% over 5 years. It has been volatile on the chart and its debatable as to what levels are good to buy. Its bound to do well in long term.
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