Jubilant Industries - Penny Stock Idea

CMP: 170

Jubilant Industries Ltd. is a diversified company. The Company's diversified portfolio includes a wide range of crop nutrition, crop growth and crop protection agri products and performance polymers products comprising consumer products like adhesives, wood finishes; application polymers like emulsion polymers, food polymers and latex such as Vinyl Pyridine, SBR and NBR latex.

Jubilant Industries is a 136 Crore penny cap stock. Its currently trading at a P/E of little over 5. Good dividend yields of 1.76% in the last 12 months and minimal liabilities. It's a new listing and there's not too much of historical data. In the last 4 quarters, revenues have been steady and profits though fluctuating look very stable. Q1 FY12 has been very good. Decent NPM of 5%. The stock has had good support at 160 levels in the last 12 months and has bounced back from such levels. Buy for long term gains.