CMP: 55

First Leasing Co. of India Ltd. is active in the leasing of movable and immovable properties. The Company is also active in financing.

First Leasing is a 124 Crore penny cap stock trading at a P/E of 4. Dividend yields of well over 3% in the last 12 months. Revenues have risen from 153 Crores to 210 Crores in the last 5 years. Profits have risen from 31 Crores to 71 Crores and then have fallen back to 32 Crores. Recent quarters have posted good recovery. Its a decent buy for long term.