CMP: 89

Graphite India Limited manufactures graphite electrodes, anodes, and other miscellaneous carbon and graphite products, manufactures graphite equipment (IGE) and glass reinforced pipes (GRP). The Company also generates electric energy.

Graphite India is a decent mid-cap bet. Its currently trading at a P/E of less than 10 with impressive dividend yields of almost 4% in the last 12 months. It runs at a debt of 265 Crores with 760 Crores in inventories and 30 Crores cash in hand. Revenues have picked up from 850 Crores to 1223 Crores in the last 5 years. Profits have been pretty much static around 200 Crores over the last 5 years with slight dip in margins. Buy and book profits when Nifty peaks.