CMP: 56

Salzer Electronics Limited designs and manufactures cam operated rotary switches. The Company manufactures load break switches, proximity switches, wiring ducts and terminal connectors, and markets them worldwide.

Salzer Electronics is a 58 Crore penny cap stock. Its currently trading at a P/E of 6 with good dividend yields of close to 3% in the last 12 months. Liabilities are high, but stock price on the chart looks attractive. Revenues have grown steadily from 60 Crores to 172 Crores in the last 5 years. Profits have grown in similar lines from little over 3 Crores to 9 Crores over 5 years. NPM has stayed stable at over 5%. Considering recession lows of 30 and 80% profit growth since then, current levels of less than 60 offers a good buy.