Colgate-Palmolive India Ltd

CMP: 1000

Colgate-Palmolive (India) Ltd. manufactures consumer products in the oral care and body care area. The Company's products include soaps, cosmetics, toilet preparations, toothpaste, toothbrushes, shaving brushes, and glycerin.

Colgate is a great brand to buy in budding large-cap space. Its currently trading at a P/E of 36 which is fairly priced for its sector. Good dividend yields of over 2% in the last 12 months. Minimal liability and rich in Cash & Cash Equivalents makes it a safe buy. Revenues have risen from 1124 Crores to 2296 Crores in the last 5 years. Profits have risen more from 138 Crores to 403 Crores in the same period. NPM has moved up strongly from 12% to almost 18% over 5 years in a strong fashion. Its a wealth builder. Buy, accumulate on dips and hold for long term.