CMP: 64

PTC India Ltd buys and sells electricity.

PTC India is a decent bet in PSU Space. It currently trades at a P/E of 15 with dividend yields over 2% in the last 12 months. Its a Zero debt company with 688 Crores cash in hand. That's cash to market cap ratio of 36% making it a safe buy. Profits have risen from 3767 Crores to 9065 Crores in the last 5 years. Profits have risen from 35 Crores to 139 Crores in the last 5 years. NPM has risen marginally from 1% to 1.50% in the last 5 years. Profits dipped last quarter, but share prices have come down drastically for that. Buy, watch quarterly results closely and decide on holding.