CMP: 2130

Gillette India Ltd., a joint venture between Gillette Company, Inc. of the US and Poddar Group of India, manufactures personal grooming products, stationery products and small electrical appliances. The Company's products include twin type shaving systems, other razors, safety razor blades, disposable cartridge blades, shaving brushes and shaving creams.

Gillette India is a safe mid-cap bet for long term investors. Its trading at a P/E of 81 with dividend yields of nearly 1% in the last 12 months. It runs at zero debt with 115 Crores cash in hand. Revenues have risen from 661 Crores to 1435 Crores in the last 5 years. Profits have dipped from 113 Crores to 87 Crores in the last 5 years on lower margins. Even in dipping profits, share price has stayed strong due to their strength in the market segment and pure monopoly. Buy and hold for long term gains.