CMP: 420

Veljan Denison Ltd. manufactures hydraulic pumps, hydraulic cylinders, hydraulic equipment and accessories, and hydraulic motors.

Veljan Denison is a 75 Crore penny cap stock. Its currently trading at a P/E of little over 5 at good dividend yields of 1.80% in the last 12 months with manageable liabilities. Revenues have picked up from 35 Crores to 99 Crores in the last 5 years. Profits have picked up from little less than 6 Crores to almost 17 Crores over the last 5 years. NPM has been pretty constant and strong at over 16%. Buy with long term perspective.