CMP: 1230

Neelamalai Agro Industries Ltd. cultivates, exports and supplies tea from India.

Neelamalai Agro is a 77 Crore penny cap stock trading at a P/E of 10 with dividend yields of nearly 9% in the last 12 months. It runs at Zero debt. Revenues have risen from 11 Crores to 20 Crores in the last 5 years. Profits have risen from 2 Crores to 14 Crores in the last 5 years. Buy and hold for long term gains. Its a safer bet among penny stocks.