I screened for companies based on the "Theory of Common-Stock Investment".
One of the names that came up was De Nora. The company's balance sheet looked interesting as the company had bought-back shares in the last two years at Rs.92 (current price is Rs.101). The dividend payout also looked very attractive (with yield of 7%). But going through quarterly results, it turned out that there was a one time profit of 6.21 Crores during September 2012 and that was deviating the ratios. On removing the income from that quarter, the average earnings shot-up.
Most other companies in the list too had similar one-off items, or the companies were in their dying stages. It was still interesting to go through the annual reports of some of them to know about their reasons for downfall.