CMP: 29

Modison Metals Ltd. manufactures electrical contacts made of silver and silver alloys. The Company supplies its products to switchgear manufacturers in India and elsewhere throughout the world.

Modison Metals is a 94 Crore penny cap stock. Its currently trading at a P/E of 5 with excellent dividend yields of well over 3% in the last 12 months. Minimal liability makes it a safer buy. Revenues have slowly picked up from 82 Crores to 127 Crores in the last 5 years. Profits have fluctuated and risen from 10 Crores to 16 Crores in the last 5 years. NPM is pretty good at 12%. Buy and book profits at peaks and re-enter at lower levels as this is not a growth pick.