CMP: 33


Texmaco Ltd. manufactures a wide range of industrial machinery. The Company's products include textile machinery, boilers, super heaters, economizers, pressure vessels, chimneys, bridges and structural equipment for chemicals, paper, cement and steel factories. Texmaco also manufactures railway rolling stocks, railway equipment and sugar mill machinery.

Texmaco is for those who love little risky investments. The stock has corrected over 50% and is available at good levels to enter. It has been a consistent revenue generator for the last 5 years except for the recent quarter. Revenues have grown 3 fold and PAT has grown 4 fold in the last 5 years. NPM is decent at 10% and attractive P/E of little less than 5. Liabilities are well managed. Excellent dividend yields of 2.70% in the last 12 months. Buy with minimal exposure, accumulate as good results rolls out and hold for long term gains.