CMP: 74

Hitech Plast Ltd. manufactures rigid plastic packaging. The Company markets its products to manufacturers and shippers throughout India.

Hitech Plast is a 98 Crore penny cap stock. Its currently trading at a P/E of less than 9 with good dividend yields of over 2% in the last 12 months. Liabilities are high and results in high volatility. Revenues have grown steadily from 93 Crores to 204 Crores in the last 5 years. Profits have risen from less than 7 Crores to 12 Crores in the same period. NPM has dipped marginally from 7% to 6% over 5 years. Buy and hold for long term gains.