CMP: 400

Ingersoll-Rand India Limited manufactures industrial equipment. The Company's products include air compressors and stationary generators.

Ingersoll Rand is a decent mid-cap bet trading at a P/E of nearly 16 with dividend yields of nearly 6% in the last 12 months. It runs at Zero debt with 298 Crores cash in hand. Revenues have risen been static around 500 Crores in the last 5 years. Profits have been around 70 Crores in the last 5 years. Profit margins are around 13% over the last 5 years. Its not a great growth story. But, you can bottom fish at current levels and book profits at over 500.