CMP: 91

Neyveli Lignite Corporation Limited generates and distributes power, mines and processes lignite, manufactures fertilizers & chemicals and processes and sells clay of all kinds. The Company's other activities include the briquetting and carbonization of lignite and its main products include electric power, lignite, nekolin, pulverized nekolin, urea, coke fines and leco.

Neyveli is a decent bet. Its currently trading at a P/E of 11 with dividend yields well above 2% in the last 12 months. It runs at a debt of 4004 Crores with cash on 4823 Crores in hand. So in effect, they are a Zero debt company. Revenues have slowly risen from 2108 Crores to 3949 Crores in the last 5 years. Profits have risen from 567 Crores to 1298 Crores in the last 5 years. NPM has picked up from 27% to 32% over the last 5 years. Recent quarter profits has dipped a little. Bottom fish and book profits when Nifty peaks.