3  Transformer stocks with PE Ratio  less than industry average 

Voltamp Transformers Limited

PE Ratio - 19.3  (Avg - 44.8) CMP - ₹ 6428.8

Bharat Bijlee Limited

PE Ratio - 22   (Avg - 44.8) CMP - ₹ 2490

Shilchar Technologies Limited

PE Ratio - 34.4 (Avg - 44.8) CMP - ₹ 5292

Apar Industries Limited

PE Ratio - 28.6  (Avg - 44.8) CMP - ₹ 5492.75