CMP: 165

Deepak Fertilizers & Petrochemicals Corporation Ltd. manufactures anhydrous liquid ammonia and other heavy chemicals and fertilizers. The Company also manufactures synthetic resins and methanol and it sells its fertilizers under the brand name "Mahadhan."

Deepak Fertilizers is a decent mid-cap bet. Its currently trading at a P/E of little over 7 and exceedingly good dividend yields of 3% in the last 12 months. Manageable debt. Revenues have grown from 844 Crores to 1564 Crores in the last 12 months. Profits have grown from 93 Crores to 186 Crores along similar lines. NPM has grown marginally from 11% to 12%. Q1 FY12 profits has grown by 30% year over year. Q1 FY12 NPM has also risen to 13.5%. Buy for long term gains.