India Gelatine & Chemical - Penny Stock Idea

CMP: 66

India Gelatine & Chemicals Limited manufactures and distributes gelatine and a variety of chemicals, including Di-Calcium Phosphate and Ossein.

India Gelatine is a 63 Crore penny cap stock trading at a P/E of less than 9. Dividend yields is as high as 3% in the last 12 months. It runs at Zero debt with 7 Crores cash in hand. Revenues have risen steadily from 57 Crores to 102 Crores over the last 5 years. Profits have risen from less than 2 Crores to 7 Crores over the last 5 years. NPM has risen smartly from 3% to 7% over the last 5 years. Recent quarter results have spiked nicely and is on a bullish trend. Buy and hold for long term gains.