CMP: 132

EPC Industries Limited manufactures industrial and infrastructure piping and micro irrigation system products. The Company offers drip, sprinkler and rain gun irrigation. The Company also offers soil and water testing, installation and trained for the equipment operation.

EPC Irrigation is a 228 Crore penny cap stock. Its currently trading at a P/E of 55. It runs at a debt of 36 Crores with 41 Crores cash in hand. Revenues have picked up from 13 Crores to 87 Crores in the last 5 years. Profits have turned around from huge losses to less than 2 Crores over the last 5 years. NPM is less than 2% in FY 2011. Though its expensive, recent favorable budget plans should aid for its growth. Buy with minimal exposure and hold for long term.