Research note
A power-transformer maker
The story
India is rebuilding its grid, and this company makes the transformers it lacks.
What we checked
- ✓Orders outpace what it can deliver
- ✓Price below its own 5-year average
- ✓Profits grew 18% last year
What it’s worth
We only recommend buying when the price is inside or below our range.
We’d change our mind if…
- Orders slow for two quarters in a rowStill fine
- It moves into unrelated businessesStill fine
- Hold for 36 months or more
- Re-checked every quarter
- You buy in your own demat account
Illustrative example on a fictional company · not a recommendation