CMP: 68

Readymade Steel India Ltd. produces a wide range of steel products. The Company processes steel used in the construction industry primarily reinforcement bars into various shapes and sizes like cranked bars, stirrups, verticals, column/beam cages etc.

Readymade Steel India is a 80 Crore penny cap stock trading at a P/E of 35. It runs at a debt of 16 Crores with 6 Crores cash in hand. Revenues have risen from just over a Crore to 77 Crores in the last 5 years. Profits have risen from 0.32 Crores to 2.26 Crores in the last 5 years. NPM has dropped like stones from 23% to 3% in stupendous growth in Revenues over the last 5 years. Buy and hold for long term gains.