CMP : 11


Southern Ispat & Energy Limited engages in the manufacturing and trading of steel products in India. The company’s products include ingots of iron and steel other than high carbon, steel bars and rods, hot rolled in irregularly wound coils, and non alloy steel. It also involves in the provision of contract services and commission agents services. The company was formerly known as Southern Ispat Limited and changed its name to Southern Ispat & Energy Limited in September 2008. Southern Ispat & Energy Limited is based in Palakkad, India.

Southern Ispat is a 48 Cr penny cap share. Its got rock solid revenue flow and the revenues have spiked in the last 2 years. NPM is low at 3%, but its P/E of less than 4 and low liabilities make it a very attractive buy at current levels. The stock has had wide volatile swings in last 5 years and current levels of 11 is also attractive on the chart. Its a great buy for those on the lookout of long term penny share investors. Buy, Accumulate on dips from these levels and hold.