CMP: 39


Archies Limited operates a chain of stores that sell greeting cards and gifts. The Company retails photo albums, baby books, jewelry and accessories, gift hampers, perfume, stuffed toys, and other gifts.

Archies Limited is a 132 crore penny cap stock. Its currently trading at a fair P/E of little over 13. Its a decent dividend paying stock of 1%. Liabilities are well managed. Revenues grow slowly and steadily at 20% a year. NPM is pretty decent at 10% now which has improved significantly in FY11. Last 2 quarters have seen significant jump in NPM. It has good support in the short term at 39. Its a well known brand that is setup and should continue to do well. Buy, accumulate on dips and hold for long term gains.