Strong order book to give 20% plus top-line CAGR over FY20: The order inflow for Rajoo Engineers (REL) is strong and is expected to grow at 20% plus CAGR in the standard product portfolio (standalone basis). Company launched two new products in INR 50mn price bracket which received great response from the market and is expected to provide upward push to revenue growth. During H1FY18, the sales were relatively weaker due to poor off-take from the client side on account of GST implementation; however order flow has since stabilized. Operating leverage to improve margins higher than competitors: REL on current...