CMP: 558

INEOS ABS India Limited manufactures ABS resins, ABS sheets and SAN resins. The Company's products are used in a wide range of industries, including personal care, consumer durables, automobiles and telecommunications. INEOS ABS sells its products in India and abroad.

INEOS ABS is a fairly safe small-cap buy well on its way to become a mid-cap. Its trading at a fair P/E of 13. Decent dividend yields of 0.72% in the last 12 months at minimal liabilities. Revenues have slowly and steadily picked up from 604 Crores to 743 Crores in the last 3 years. Profits have picked up from 18 Crores to 70 Crores in the same period. NPM has picked up from 3% to over 9% in the last 3 years. Buy and accumulate on dips for long term gains.