From Rs. 3.44 EPS in March 2007 to Rs. 10 EPS in March 2007, the companies sale have increased from Rs. 11.6 to Rs. 23.7 crores. That is  104% in 3 years. Net profit has increased from Rs. 72 lacs to Rs. 2.1 crores. Almost 200% or 3 fold.

Prior to 2004, the company was in red and reporting losses.

Promoters hold a good 49% stake in small equity of 2.1 crores. This leaves just around 11 lac shares in the open market. This leaves a floating cap of just around Rs. 6 crores at CMP of Rs. 57.

I project a price of Rs. 100 for this stock in 9-15 months.

Q1 results not so good. One can exit the stock at CMP Rs. 54-55