CMP: 27

Sicagen India Limited is a diversified holding company. The Company, through its subsidiaries, in involved in activities that include manufacturing refractory bricks, cultivating palm oil, manufacturing pesticides, manufacturing automotive parts and chemicals.

Sicagen India is a 100 Cr penny cap share. Revenues have been steady and growing. NPM has spiked suddenly in the last quarter to 7% and it should be a major plus if it stays there. Liabilities are well balanced and it should be a great bet if NPM holds. At a P/E of 5, its a good buy. Buy, Accumulate on dips and hold