CMP: 69

Igarashi Motors India Ltd. manufactures automobile parts. The Company produces direct current electrical motors for power windows and seats.

Igarashi Motors is a 141 Crore penny cap stock trading at a P/E of less than 9. It runs at a debt of 60 Crores with 5 Crores cash in hand. That's debt to profits ratio of 4 years which is just above the comfort zone. Revenues have stayed pretty much static around 250 Crores over the last 5 years. Profits have improved over the last 5 years from 10 Crores to 17 Crores after going through losses in FY2009. Its a fair bet considering that the last 3 years has been consistently on the growth path.