Sanghvi Forging and Engineering - Penny Stock Idea

CMP: 45

Sanghvi Forging & Engineering Ltd. manufactures forging and machined components. The Company produces open and closed die forgings, forged flanges, nuts, adaptors, hardware, hose end connections, stub ends, and valve parts. Sanghvi Forging & Engineering supplies components for the process and heavy industrial application.

Sanghvi Forging & Engineering is a 57 Crore penny cap stock trading at a P/E of 12. It runs at a debt of 15 Crores. Revenues have risen from 19 Crores to 40 Crores in the last 5 years. Profits have risen from less than 2 Crores to almost 4 Crores in the last 5 years. NPM has stayed stable at 10% in the last 5 years. Buy and hold for long term gains.

Thanks rmani...Taken small qty at 43.95

Net profit of Sanghvi Forging & Engineering rose 62.30% to Rs 0.99 crore in the quarter ended June 2012 as against Rs 0.61 crore during the previous quarter ended June 2011. Sales rose 35.73% to Rs 8.51 crore in the quarter ended June 2012 as against Rs 6.27 crore during the previous quarter ended June 2011.