Theories of Benjamin Graham are ever lasting which were proven from more then 100 Years. His theories are widely respected by Gurus of Wall Street and Dalal Street.

I went through his books "Security Analysis" and "The Intelligent Investor" and found that still there is a lot of thrust of value investment in India, thanks to RBI policies.

In his time finding companies was very difficult which meet his criteria of value investment,but now with the help of sophisticated online tools it is very easy to do one level of screening before going through each and every company's balance sheet.

Below is the list of 18 stocks which suits the criteria of his views of value investment.

Here I used P/E limit from 20 to 10 because in his time he had interest rate of less then 5% (means your money will double in 14.8 years) but in India we have interest rate of approx. 9.25-9.50 (in FD,  SBI has  highest interest rate as 9.25 and Canara Bank has highest interest rate as 9.50%).

Here M.Cap is lower limit is Rs500Cr. (or $100M) which suits his point of not investing in very small companies.

I did not put any criteria for Div Yield and it is information purposes only.

Price/Book ratio's upper limit is 0.67 to make it a bargain stock to provide us margin of safety.

Lower limit 3 Yrs CAGR Profit % is bound to become 10% as it is less then inflation rate as well as interest rates.

Here I tried to become more strict in values so that we can narrow down our investment to 10-15 companies, to make our completely diversified portfolio. According to Benjamin investment in 10-30 companies is a complete diversified portfolio.

Company Name	PIE S	M Cap(Rs. Cr)*	Div Yield S	P/B 5	3 Yrs CAGR Profit (%)	LTP(Rs.)*
Escorts Ltd	5.92	806.41	2.01	.46	194.12	74.85
Uflex Ltd	1.69	988.19	5.47	.54	85.12	140.45
Century Enka Ltd	6.23	548.44	2.40	.43	80.88	113.60
Jindal Poly Films Ltd	1.57	923.79	1.25	.57	64.43	205.35
JBF Industries Ltd	1.53	728.85	7.85	.51	61.27	100.65
Vardhman Textiles Ltd	2.34	1.190.57	2.98	.53	60.19	190.00
PTC India Ltd	9.15	1,352.44	3.27	.58	54.46	46.50
Electrosteel Castings Ltd	3.56	606.21	6.74	.35	54.36	18.90
Shree Ganesh Jewellery House Ltd	1.99	619.85	5.90	.54	49.32	100.55
Polyplex Corporation Ltd	1.28	545.26	5.86	.34	45.50	172.00
Shiv-Vani Oil & Gas Exploration Services Ltd	3.79	880.84	1.05	.62	34.87	188.80
Adhunik Metaliks Ltd	4.54	516.85	3.56	.59	31.27	42.90
S.Kumars Nationwide Ltd	2.35	887.74	3.21	.32	24.05	29.50
Rolta India Ltd	2.95	1.153.51	4.92	.61	20.46.	71.05
Alok Industries Ltd	4.96	1,528.33	1.29	.55	19.94.	19.05
Gammon India Ltd	6.91	634.49	1.58	.33	16.96	47.80
Punjab & Sind Bank	2.89	1.370.70	3.24	.48	10.54	64.40
NCC Ltd	6.76	1.100.60	2.33	.43	9.51	42.80

Please note that this is only the primary screening and further analysis should be done before investment.