Penny Stocks - Ganesh Polytex Ltd - Penny Stock Idea in Equity / Stocks - CMP: 58
Ganesh Polytex Ltd. manufactures a wide range of yarns. The Company's products include greige and dyed, texturised, doubled ...
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09-18-2011 02:01 PM
Ganesh Polytex Ltd - Penny Stock Idea
CMP: 58
Ganesh Polytex Ltd. manufactures a wide range of yarns. The Company's products include greige and dyed, texturised, doubled and twisted yarns for knitting and weaving applications, from virgin and recycled polyester.
Ganesh Polytex is a 80 Crore penny cap stock. Its currently trading at a P/E of 4 with good dividend yields of 1.71% in the last 12 months. Little high, but manageable liabilities. Revenues have picked up from 62 Crores to 291 Crores in the last 5 years. Profits have risen more from less than 2 Crores to 18 Crores in the last 5 years. NPM has risen from 3% to over 6% in the last 5 years. Buy and hold for long term gains.
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