CMP: 390

Agro-Tech Foods Ltd. refines oils and agricultural raw products. The Company also manufactures processed and branded foods.

Agro-Tech Foods is a good bet in mid-cap space. Its currently trading at a P/E of 28 with decent dividend yields of 0.45% in the last 12 months. Minimal liabilities makes it a safe buy and justifies the higher P/E. Revenues have gradually dipped from over 1000 Crores to 720 Crores in the last 5 years. Profits however has doubled from 16 Crores to 32 Crores over 5 years backed by strong NPM growth. NPM has grown strongly from less than 2% to well over 4% over 5 years. Buy and hold for long term gains.