CMP: 480

CMI FPE Ltd. manufactures large custom designed metal processing equipment, cold rolling machinery, and spares.

CMI FPE is a decent small-cap bet trading at a P/E of 24. It runs at a debt of 3 Crores with 21 Crores cash in hand. Revenues have risen from 328 Crores to 356 Crores in the last 5 years. Profits have risen from 9 Crores to 47 Crores and then dipped to 11 Crores last year. It is a volatile bet with inconsistent profit. Buy with minimal exposure and wait for profits to grow back before booking profits.