Cmc

CMP: 1090

CMC Ltd. provides computer users with a range of computer software and hardware support services. The Company's services comprise of hardware maintenance, site preparations, installation and commissioning of systems, software development, education and training.

CMC is a decent bet in mid-cap IT space trading at a P/E of 19 with dividend yields of little over 1%. Its a Zero debt company with 22 Crores cash in hand. Revenues have stayed flat around 900 Crores over the last 5 years. Profits have risen from 88 Crores to 143 Crores on rising profit margins. NPM has risen from 9% to 15% in the last 5 years. Buy and hold for long term gains.