CMP: 164

Minda Industries Limited designs, develops and manufactures switches for two and three wheelers and off-road vehicles. The Company also manufactures batteries for two, three, four wheelers.

Minda Industries is a 267 Crore small-cap bet trading at a P/E of 11 with dividend yields of nearly 2% in the last 12 months. It runs at a debt of 126 Crores with 32 Crores cash in hand. Revenues have risen from 454 Crores to 1044 Crores in the last 5 years. Profits have risen from 15 Crores to 30 Crores in the last 5 years. Profit margins have stayed stable at 3% in the last 5 years. Its a decent bet for long term.