Kernex Microsystems India Ltd

CMP: 30

Kernex Microsystems (India) Limited develops software and provides project consulting and systems integration services.

Kernex Microsystems is a 38 Crore penny cap stock trading at a P/E of 16 with dividend yields of well over 3% in the last 12 months. Stock has been beaten down post budget. It runs at a debt of 18 Crores with 12 Crores cash in hand. Revenues have risen from 23 Crores to 44 Crores in the last 5 years. Profits have been around 4 Crores with no growth in the last 5 years. Both profits and revenues have dipped in the recent quarters. Its not a growth stock.

railway stocks beaten to a pulp post budget...good time to accumulate for long term or atleast till next budget!