Buy this gem ..

Simmonds Marshall is a micro-cap company from auto ancillary sector .It is a 50 year old company originally promoted by U .K based Firth Cleveland Fastening Ltd in 1960’s .Later Indian promoters bought out the company from the foreign promoters. Its main products include Cap Castle and Coupling nuts ,Cleveloc self locking nut Cold forged automotive Components and Bolts ..etc. A number of automobile leaders are the customers of the company which include GM,MAHINDRA,LEYLAND ,TATA,SUZUKI,FIAT,SWARAJ MAZDA,HONDA..etc. Company’s equity capital is just 2.1 crore and majority of this held by the promoters. In last FY company posted an Eps.of Rs.5.But due to the revival in auto sector in this half year itself company already posted an EPS of Rs.10.5. and expected to post an EPS around Rs.22/- in this full year .An entity named Clover Technologies Pvt Ltd is aggressively buying its shares from the open market and they now hold around 12 % in this company .Eventhough they are in non promoter category , they may be an associate of the promoter itself . Company has declared a dividend of 12% .Considering all the facts it is a value BUY at current market price of Rs.106