Micro Technologies (India) Ltd. is an IT based company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software. Micro Technologies has a history of leading-edge security solutions products.
The valuations of the stock at current price of 150 are dirt cheap! The annualized EPS (consolidated) for FY 2009-2010 is Rs.70, which means the stock is trading at a ridiculously cheap PE ratio of 2. Peer companies command a PE ratio of 15-20, which shows the potential upside for the stock price of this company. As of 30th Sept, 2009, the promoters hold a healthy 32.49% stake in the company. The future seems bright for this company and investors can look for this value stock.
Some recent news about the company:
*Micro Technologies (India) Ltd. launched Micro Jai-Kisan in the city today. Dr. C P Joshi, Union Rural Development Minister, unveiled the innovative device for farmers at a press conference.
*Micro Technologies to parter with premier Israeli company to jointly provide security solutions.
*Micro Technologies listed for the NASSCOM "Innovative Products Award" for Wi-Fi Security system.
Company website: http://www.microtechnologies.net/index.aspx
PS: On 22 Dec, 2005, SKP Research came out with a BUY Report on this stock when the price was Rs.318 with a Target of Rs. 462 Here is the link: http://www.valuenotes.com/skp/skp_MicroTech_22dec05.pdf?ArtCd=72544&Cat=C&Id=993