CMP: 80

Simplex Castings Limited manufactures engineering castings in various grades. The Company caters for industrial sectors like steel, power, railroad equipment, mining, cement, defense, and sugar among others.

Simplex Castings is a 48 Crore penny cap stock. Its currently trading at a P/E of less than 4. Its given consistently high dividends, close to 3% in the last 12 months. Liabilities are a little high, but manageable. Revenues have grown steadily from 133 Crores to 203 Crores in the last 5 years. Profits have also picked up in similar lines from less than 6 Crores to almost 13 Crores. NPM has picked up from 4% to 6% in the last 5 years. It has got good support at 75 levels for over a year. Buy with long term perspective.