CMP: 162

Voltas Limited offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, machine tools, mining and construction equipment, materials handling, water management, building management systems, indoor air quality and chemicals.

Voltas is an established brand. Its currently trading at fair P/E of 15. Decent dividend yields of over 1%. Minimal liabilities makes it a safe bet. Strong Cash flows every year. Revenues have grown steadily and strongly from 1800 Cores to 5150 Crores in the last 5 years. Profits have boosted from 70 Crores to 353 Crores in the last 5 years, owing to NPM rise from 4% to 7%. Stock has dipped from peaks of 250 and has formed base above 150 is at good levels to accumulate for long term.