CMP: 1160

FAG Bearings (India) Limited manufactures and markets a variety of bearings, including ball and cylindrical roller bearings, spherical roller bearings, needle roller bearings and taper roller bearings. The Group's products are used in the automobile and engineering industries, for cars, electric fans, motors, pumps, textile machines, railway coaches and machine tools.

FAG Bearings is an excellent bet in mid-cap space. Its currently trading at a P/E of little less than 13 with dividend yields of 0.43% in the last 12 months. Minimal liabilities. Revenues have grown steadily from 550 Crores to 1048 Crores in the last 5 years. Profits have risen from 75 Crores to 121 Crores in the last 5 years. FY10 & FY11 have been very good in-terms of growth. Profits have now started soaring at 50% a year from its routine 15% a year. NPM is good at 14%. Buy and accumulate on dips for long term gains.