CMP: 311

AIA Engineering Ltd. manufactures high chromium wear, corrosion, and abrasion resistant parts used by the cement, mining, and thermal power generation industries.

AIA Engineering is a good bet in mid-cap space. Its currently trading at a P/E of 20 with decent dividend yields of 1% in the last 12 months. Minimal liabilities. Revenues have grown from 400 Crores to 989 Crores in the last 12 months. Profits have risen from 67 Crores to 129 Crores over 5 years. Decent NPM at 15%. Recent quarter results have shown much better growth than the last 5 years. Buy and hold for long term gains.