CMP: 121

Sasken Communication Technologies Ltd. is an embedded telecom solutions company that helps businesses across the telecom value chain accelerate product development life cycles. The Company works with terminal device manufacturers, network equipment manufacturers, semiconductor vendors and network operators on new product development and manufacturing.

Sasken Communications is a decent bet in small-cap space trading at a P/E of 7. It runs at Zero debt with 11 Crores cash in hand. Revenues have dropped from 479 Crores to 362 Crores in the last 5 years. Profits have increased from 25 Crores to 36 Crores in the last 5 years. Profit margins have risen from 5% to 10% in the last 5 years. It has fallen from highs of 600 in 2008 for not much dip in revenues. Its not a growth or consistent bet. But, its available at cheaper valuations now. Buy and wait for market peak which can happen by 2016.