Hawkins cooker - Like this idea

Even though I think it is a little expensive. Long term this stock looks good. Please read the article

Hawkins Cooker Limited (HAWKINCOOK) is India’s second largest company engaged in pressure cookers and cookwares. The produces a wide range of other house hold and commercial cooking utensils. Its brands include Hawkins, Futura, and Miss Mary.
The key aspects that I like about Hawkins is sells in domestic markets (does not depend upon what happens internationally), low debt, and focus of controlled growth. It is well positioned to cash on growth in disposable income from growing Indian middle class.
Trend Analysis
The whole reason for any business to exist is to generate sales revenue and make more profits. At a minimum, the parameters listed below should have continuously increasing trends. All the data below is based on last 8 years i.e. from 2000 to 2008.
Revenue: Increasing trend since 2003 with average growth of 9% (SDev. 13%). Neutral observation.
Earnings per share: Increasing trend with average growth of 54% (SDev. 163%). This shows it possibility of negative growth. Neutral observation.
Net cash flow from operations: Overall, an increasing trend. The net cash flow is more or less greater than reported net profit. Need to keep an eye on the trend because in 2009 reported profit was more than cash generated. Neutral observation.
Profit/Loss from operations: Consistently increasing trends in profits from its operations since 2003. Very good observation.
Reported net profit: Overall an increasing trend since 2003. Very good observation.
Gross margins: Current GM of 11.22% is higher than historical average of 5.7% (stdev. 2.85%). Very good observation.
Operating margins: Current OM of 11.9% is higher than historical average of 7.3% (stdev. 2.24%). Very good observation.

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