CMP: 1480

Wendt India Limited manufactures a variety of products for the Diamond Processing industry. The Company's products include Diamond/CBN Wheels, Diamond Segmented Saws, Mining Products & Tools and Diamond Dressing Tools. Wendt India also manufactures special aluminum alloy castings, reverse plated & infiltrated rolls and cobalt-free diamond scaife.

Wendt is a decent bet in small-cap space trading at a P/E of 22, with dividend yields of nearly 2% in the last 12 months. Its a Zero debt company with nearly 3 Crores cash in hand which makes it a safe bet. Revenues have risen from 54 Crores to 100 Crores in the last 5 years. Profits have risen from 8 Crores to 17 Crores in the last 5 years. Profit margins have improved from less than 16% to 17% in the last 5 years. Recent quarter profits have dipped. Stock price should be bullish once profits rise back.