CMP: 369

Alstom Projects India Limited supplies power generation services and equipment. The Company provides energy generation through hydro power, gas turbine-based combined power plants, and steam power plants. The Company also designs, manufactures, and supplies large scale transportation systems, electricity transmission systems, and energy management systems.

Alstom Projects is a decent bet in mid-cap space trading at a P/E of 21. Dividend yields is nearly 3% in the last 12 months. It runs at Zero debt with 736 Crores cash in hand which is good for investors. Revenues have risen from 1219 Crores to 1817 Crores in the last 5 years. Profits have risen from 109 Crores to 169 Crores in the last 5 years. NPM has improved marginally from less than 9% to little over 9% over the last 5 years. Buy and book profits when Nifty peaks.