CMP: 66

Pitti Laminations Ltd. manufactures electrical laminations for alternators, direct current (DC) machines, and railway lighting alternators.

Pitti Laminations is a 90 Crore penny cap stock. Its currently trading at a P/E of close to 6 with good dividend yields of well over 1% in the last 12 months. Liabilities are high, but is balanced by recent surge in growth. Revenues have fluctuated between 150 Crores and 250 Crores in the last 5 years. Profits have stayed below 10 Crores over the last 5 years. The last 5 quarters have shown steady surge in both Revenues and Profits. The most recent quarter Q2 FY12 has surged over 140% in profits and almost a 100% in Revenues. NPM has surged from 3% to 6% within a year. Buy, accumulate as growth continues and hold for long term fortune.