New Delhi, May 22 -- Five years ago, this company was just another low-key stock flying under the radar. Today, it is one of the best-performing stocks in the entire Nifty 500 index.

Transformers & Rectifiers India Ltd (Taril) has delivered a staggering return of over 16,000% in the last five years, transforming Rs.1 lakh investment in 2020 into over Rs.1.5 crore today. In the past year alone, the stock has surged nearly 60%, far outpacing the Nifty 500's 7% gain.

So, how did a little-known transformer company deliver such jaw-dropping gains? What business and industry tailwinds powered such outsized returns? Is the rally over, or is there more to come? We track its journey.

Financial turnaround

Taril is the second-largest transformer...