CMP: 22

Ashok Alco Chem Ltd. manufactures and exports chemicals. The Companies products include Ethyl Alcohol, Acetic Acid, Acetic Anhydride, Ethyl Acetate, Monochloroacetic acid, Sodium Monochlro, acetic acid, Carboxy Methyl Cellulose, Caustic Soda, Hydrogen peroxcide, Glycerine, chlorine, and many other chemicals.

Ashok Alco-Chem is a 8 Crore penny cap stock trading at a P/E of less than 2. It runs at a debt of less than 6 Crores with 2 Crores cash in hand. Revenues have risen from 15 Crores to 321 Crores in the last 5 years. Profits have slipped from 5 Crores to losses and back to 3.50 Crores in FY2012. Recent quarter results have surged nicely. Buy with minimal exposure and book profits on peaks.