CMP: 222

NMDC Limited explores for minerals. The Company is exploring for iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.

NMDC is a safe bet in large cap space. Its currently trading at a P/E of less than 13 and decent dividend yields of 1.50% in the last 12 months. Minimal liabilities makes it a safe bet. Revenues have grown from little over 4,000 Crores to over 11,000 Crores in the last 5 years. Profits have picked up from 2,300 Crores to 6,500 Crores in the same period. NPM has been very strong at over 50% in the last 5 years. 2008 Recession lows are at 130 levels. Profits have grown 50% since then, which makes downside from current levels very minimal. Buy and accumulate on dips for long term gains.