A sitting duck?

A stock with -
a) Cash per share of 38 rupees (which is more than 50% of the CMP)
b) Growing sales (15% increase in sales over LY expected)
c) Growing profits (35% increase in profits over LY expected)
d) Debt recap of 49% of current market capitatlisation
e) Estimated PE (trailing 4 qtrs) is 5.86

A software company ... surprised? Aftek Limited

The company has built up stakes/acquired a number of companies based in the US and Europe and is creating a niche for itself. I particularly like the strategy of partnering with other companies which gives them ready access to a field-force and local know-how (and they are doing it by acquiring control rather than an MoU).

At 68 rupees per share (Mar-14), Aftek Ltd. is undervalued. The stock offers deep discount and if matched with existing tier-2 software companies, has a price upside of 141% .. reaching 165 rupees per share in the next 12 months.

Strangely, the stock has been lying around (albeit, with enough volumes per day), with low upward movement. Any answers?