Usher Agro - Penny Stock Idea

CMP: 65

Usher Agro Ltd. processes rice. The Company produces raw white, par-boiled, and steamed basmati and non-basmati rice.

Usher Agro is a 247 Crore penny cap stock trading at a P/E of less than 6, with dividend yield of over 2% in the last 12 months. It runs at a debt of 322 Crores with 50 Crores cash in hand. Revenues have surged from 70 Crores to 561 Crores over the last 5 years. Profits have also surged from 4 Crores to 35 Crores over the last 5 years. NPM has risen marginally from less than 6% to a little above it. Debt to Profits ratio is on the higher side close to 6 years, but so is growth. Buy and hold for long term gains.

Got in with a smaal qty...Thanks Mani...

The company has formed a 100% subsidiary in the name of Usher Worldwide FZE which is registered in a Free Zone Establishment (FZE) in the Sharjah Airport International Free Zone (SAIF Zone), United Arab Emirates keeping in mind

the objects of carrying on manufacturing, general trading, export/ import and/ or other related activities.----18.07.2012