CMP: 57

Finolex Industries Limited manufactures PVC pipes and fittings, which are sold primarily to businesses in the agricultural sector. The Company also manufactures PVC resins, which are used as raw materials for PVC pipes and fittings.

Finolex Industries is a decent bet in mid-cap space. Its currently trading at a P/E of less than 10 with excellent dividend yields of over 5% in the last 12 months. It runs at a debt of 746 Crores with 135 Crores cash in hand. Debt to Profits ratio is on the higher side which makes the stock highly volatile and risky. Revenues have grown from 1395 Crores to 2097 Crores in the last 5 years. Profits have fluctuated and been around 70 Crores over the last 5 years. Recent quarter results has outperformed. Buy and book profits when Nifty peaks.