CMP: 179

Eimco Elecon (India) Limited manufactures mining loaders, side dump loaders and load haul dumpers.

Eimco Elecon is a 103 Crore penny cap stock. Its currently trading at a P/E of 8 with good dividend yields of over 2% in the last 12 months. Minimal liability. Revenues have grown steadily from 95 Crores to 187 Crores in the last 5 years. Profits have moved up from less than 9 Crores to over 13 Crores in the same period. NPM has dipped from 9% to 7% over 5 years. Considering recession lows of 120, current levels are good to buy. Since its not a growth stock, book profits above 300.