CMP: 428

Titagarh Wagons Ltd. manufactures railroad cars. The Company produces railway wagons, Bailey bridges, earth moving and mining equipment, and steel and iron castings.

Titagarh Wagons is a decent bet in mid-cap space. Its currently trading at a P/E of less than 9 with dividend yields of almost 2% in the last 12 months. It runs at a debt of 72 Crores with 1 Crore cash in hand. Revenues have risen steadily from 282 Crores to 672 Crores in the last 5 years. Profits have risen from 29 Crores to 81 Crores in the last 5 years. NPM has risen smartly from 10% to 12% over the last 5 years. Buy and book profits when Nifty peaks.