Penny Stocks - Chordia Food Products in Equity / Stocks - CMP: 48
Chordia Food Products Ltd. manufactures ethnic Indian foods such as pickles, spice pastes, instant mixes, ketchup, and sauces.
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07-02-2013 09:40 AM
Chordia Food Products
CMP: 48
Chordia Food Products Ltd. manufactures ethnic Indian foods such as pickles, spice pastes, instant mixes, ketchup, and sauces.
Chordia Food Products is a 14 Crore penny cap stock trading at a P/E of less than 6. It runs at a debt of little over 5 Crores with 2 Crores cash in hand. Revenues have been stable and stayed around 30 Crores in the last 5 years. Profits have risen from less than 2 Crores to well over 2 Crores in the last 5 years. Profit margins have risen from 5% to nearly 8% in the last 5 years. Buy on dips and exit on the rise as its not a great growth bet.
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