The company has reported net sales and net profit of Rs 198 crore and Rs 19 crore respectively in nine months ended FY07, which is higher by 36 per cent and 58 per cent respectively compared to FY06.
Further, the stock is trading at 13.8 times for FY07, which is cheap for a company whose revenues and profits are growing at a robust pace of at least 30 per cent year on year in every quarter.
The company came out with an IPO in October 2006 with an issue price of Rs 95 and the stock has given a return of 45 per cent over its issue price.
