CMP: 157

Polaris Financial Technology Limited provides software services and solutions to a variety of multinational clients. The Company provides its services to companies in the banking and financial industry, which specialize in retail banking, credit cards, insurance, risk management, investment banking and a variety of telecom related activities.

Polaris Financial Technology is a decent bet in mid-cap space trading at a P/E of less than 10 with dividend yields of nearly 3% in the last 12 months. It runs at Zero debt with 65 Crores cash in hand. Profits have risen from 904 Crores to 1408 Crores in the last 5 years. Profits have risen from 80 Crores to 187 Crores in the last 5 years. NPM has moved up smartly from less than 9% to over 13% over the last 5 years. Buy and hold for long term gains.