Invest in this company, I strongly believe that sooner or later, people will realize what a great company this is and would price it appropriately.
I was looking at the balance sheet of the company:
1) Market Capitalization of this company (stock price 53/-) is 225.43cr, while reserves and Surplus alone exceeds 522 cr. (net worth is far more)
2) The turnover of the company is is a healthy 157 cr and is growing by 20% p.a., the company pays a healthy dividend of 1.8/- per share.
3) its profit is increasing by 20% p.a. and its EPS is 11.95/- taking it to a PE of 4.6.
It is still not clear why the company is not appropriately priced by the stock market. However, after looking at its track record I am sure sooner or later, this stock would double its price.