Stock Review: Transformers & Rectifiers India

Transformers & Rectifiers India, which manufactures a wide range of transformers, is set to benefit as capital expenditure in the transmission and distribution segment is expected to increase. It has an order book of `394 crore, more than half of the current year's expected revenue. Recently, the company also signed an agreement with a leading global manufacturer for 765-Kv transformers, enabling it to cater to the growing demand for high capacity transformers. The company's earnings are expected to grow at about 29 per cent annually over the next two years, which is good.