Poddar Pigments Ltd - Penny Stock Idea

[rmani84]

CMP: 35

Poddar Pigments Limited manufactures color and additive masterbatches for dyeing plastics and related materials.

Poddar Pigments is a 37 Crore penny cap stock. Its currently trading at a P/E of 5 with strong dividend yields of well over 6% in the last 12 months. The company runs at a debt of 24 Crores with little over 1 Crore cash in hand. Debt to profit ratio is above 2. Revenues have risen from 92 Crores to 153 Crores in the last 5 years. Profits have risen from less than 2 Crores to 10 Crores in the last 5 years. NPM has risen from less than 2% to over 9% over 5 years. Buy and hold for long term gains.

[priyankak]

Mani Sir,

What do you think of buying Poddar Pigments at current level of 120/121 and hold for long term? Please suggest.

Thanks.

[rmani84]

Mani Sir,

What do you think of buying Poddar Pigments at current level of 120/121 and hold for long term? Please suggest.

Thanks.

Buy if it closes above 126 ... Keep on watch list or have an alert set for close above 126

[grapes]

Excellent move from 35 to 140