CMP: 150

India Nippon Electricals Limited manufactures components used in automobiles, motorcycles, mopeds and scooters. The Group's products include flywheel magnetos, capacitor discharge ignition units, flywheel generators, ignition coils, integral units and regulators.

India Nippon Electricals is a 171 Crore penny cap stock. Its currently trading at a P/E of less than 7 with amazing dividend yields of over 6% in the last 12 months. Minimal liability and strong cash & cash equivalents makes it a safer buy. Revenues have grown steadily from 143 Crores to 229 Crores in the last 5 years. Profits have fluctuated and picked up from 19 Crores to 25 Crores over the last 5 years. NPM has fluctuated above 10% over the last 5 years. Its currently a little bearish on the chart. Let it settle and then buy & book profits at peaks.