FDC Ltd - Safe Buy

CMP: 82

FDC Limited is a pharmaceutical research and development company, which specializes in the areas of synthetics (basic drugs), nutraceuticals, formulations and biotechnology products.

FDC is a decent mid-cap bet in pharma space. Its currently trading at a P/E of 11 with good dividend yields of well over 2% in the last 12 months. Minimal liability and good cash & cash equivalents makes it a safe buy. Revenues have risen steadily from 424 Crores to 703 Crores in the last 5 years. Profits have risen from 64 Crores to 149 Crores in the last 5 years. NPM has moved up smartly from 15% to well over 21% in the last 5 years. Buy, accumulate on dips and hold for long term gains.