Transformers And Rectifiers (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 19.1%)
- ✓Efficient capital deployment (ROCE 23.3%)
- ✓Attractively valued vs sector (P/E 40.6x vs industry 56x)
- ✓Low debt relative to equity (D/E 0.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹430 | ₹3.1L Cr | 51.5 | 13.11 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,534 | ₹2.9L Cr | 32.3 | 7.39 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,803 | ₹1.6L Cr | 67.1 | 18.96 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,223 | ₹1.5L Cr | 101 | 19.52 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹10,023 | ₹1.5L Cr | 60.4 | 12.56 | 23 | 33.2 | 0.02 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹960 | ₹1.5L Cr | 123 | 18.97 | 20.8 | 27 | 0.02 |
| TMCV Tata Motors Limited | ₹400 -2.03% | ₹1.5L Cr | 37.4 | 10.71 | 34 | 35.9 | 0.44 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
TARIL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 69.65% | 69.65% | 66.16% | 66.16% | 64.36% | 64.36% |
| FII | 3.48% | 4.45% | 8.00% | 9.34% | 11.08% | 11.33% |
| DII | — | 1.89% | 6.33% | 6.93% | 7.68% | 7.22% |
| Public | 26.87% | 24.00% | 19.50% | 17.57% | 16.88% | 17.07% |
Corporate Events
Dividend - Re 0.20 Per Share
Bonus 1:1
Annual General Meeting/Dividend - Re 0.20 Per Share
Annual General Meeting/Dividend - Re 0.15 Per Share
Latest News
All news →Transformers and Rectifiers bags ₹228.26 crore order
*Transformers and Rectifiers bags ₹228.26 crore order* Transformers and Rectifiers (India) stock surged after securing a major order worth **₹228.26 crore**. The order is expected to boost revenue and utilization capacity. Such wins are positive for near-term earnings visibility and investor sentiment. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Transformers and Rectifiers secures ₹2.28 billion order
*Transformers and Rectifiers secures ₹2.28 billion order.* The contract, valued at **₹2.28 billion**, marks a significant order win for the company in the power equipment sector. This boosts its order book and reinforces project execution credibility. Such orders typically improve revenue visibility and investor sentiment. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
TRIL wins ₹1.75 billion power equipment order
*TRIL wins ₹1.75 billion power equipment order*. Transformers and Rectifiers (India) has secured a **₹1.75 billion** order for power transmission equipment. The contract boosts near-term revenue visibility and reflects strong demand in the power infrastructure segment. Execution is expected over the next 12–18 months. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Transformers And Rectifiers secures ₹1.75B order
*Transformers And Rectifiers secures ₹1.75B order* from a state utility for power transmission equipment. The contract win boosts near-term revenue visibility and strengthens order book. **₹1.75 billion** order reflects growing demand in grid infrastructure. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #order
Transformers and Rectifiers secures export order worth ₹150 crore
*Transformers and Rectifiers (India) secures export order worth ₹150 crore.* The company secured an export order valued at **₹150 crore**, boosting investor sentiment. The order is expected to enhance revenue and order book visibility. Execution timeline and customer details remain undisclosed. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Analysts lower expectations for TARIL after latest results
*Analysts have lowered expectations for Transformers and Rectifiers (India) Limited after its latest results.* The downward revision in analyst forecasts suggests **disappointing performance** in the company's recent financial results. This broker call shift typically signals weakness in earnings trajectory and may pressure the stock in near-term trading. 📊 *STOCKS:* $TARIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #earnings #analyst-downgrade
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹783 Cr ▲6.2% | ₹737 Cr ▲60.2% | ₹460 Cr ▼13.0% | ₹529 Cr ▼21.7% | ₹676 Cr ▲20.9% | ₹559 Cr ▲21.0% | ₹462 Cr ▲43.5% | ₹322 Cr |
| Op. Profit | ₹118 Cr ▼5.6% | ₹125 Cr ▲140.4% | ₹52 Cr ▼40.9% | ₹88 Cr ▼32.8% | ₹131 Cr ▲54.1% | ₹85 Cr ▲23.2% | ₹69 Cr ▲64.3% | ₹42 Cr |
| OPM | 15.0% ▼11.8% | 17.0% ▲54.5% | 11.0% ▼35.3% | 17.0% ▼10.5% | 19.0% ▲26.7% | 15.0% ▲0.0% | 15.0% ▲15.4% | 13.0% |
| Net Profit | ₹91 Cr ▲19.7% | ₹76 Cr ▲105.4% | ₹37 Cr ▼44.8% | ₹67 Cr ▼28.7% | ₹94 Cr ▲70.9% | ₹55 Cr ▲19.6% | ₹46 Cr ▲119.0% | ₹21 Cr |
| EPS (₹) | 2.97 ▲20.7% | 2.46 ▲117.7% | 1.13 ▼49.6% | 2.24 ▼28.7% | 3.14 ▲72.5% | 1.82 ▲20.5% | 1.51 ▲125.4% | 0.67 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.5K Cr ▲24.4% | ₹2.0K Cr ▲56.2% | ₹1.3K Cr ▼7.5% | ₹1.4K Cr ▲20.6% | ₹1.2K Cr ▲56.1% | ₹742 Cr ▲5.8% | ₹701 Cr ▼18.0% | ₹855 Cr ▲19.4% | ₹716 Cr ▼12.8% | ₹821 Cr |
| Expenses | ₹2.1K Cr ▲25.9% | ₹1.7K Cr ▲46.0% | ₹1.2K Cr ▼9.3% | ₹1.3K Cr ▲17.6% | ₹1.1K Cr ▲61.1% | ₹673 Cr ▲3.7% | ₹649 Cr ▼18.3% | ₹794 Cr ▲22.2% | ₹650 Cr ▼11.3% | ₹733 Cr |
| Op. Profit | ₹383 Cr ▲17.1% | ₹327 Cr ▲144.0% | ₹134 Cr ▲10.7% | ₹121 Cr ▲63.5% | ₹74 Cr ▲7.2% | ₹69 Cr ▲35.3% | ₹51 Cr ▼16.4% | ₹61 Cr ▼6.2% | ₹65 Cr ▼25.3% | ₹87 Cr |
| OPM | 15.0% ▼6.3% | 16.0% ▲60.0% | 10.0% ▲11.1% | 9.0% ▲50.0% | 6.0% ▼33.3% | 9.0% ▲28.6% | 7.0% ▲0.0% | 7.0% ▼22.2% | 9.0% ▼18.2% | 11.0% |
| Other Income | ₹61 Cr ▲74.3% | ₹35 Cr ▲483.3% | ₹6 Cr ▼33.3% | ₹9 Cr ▼10.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▼43.8% | ₹16 Cr ▲33.3% | ₹12 Cr ▲100.0% | ₹6 Cr ▲0.0% | ₹6 Cr |
| Interest | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲6.3% | ₹48 Cr ▲9.1% | ₹44 Cr ▼4.3% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲4.5% | ₹44 Cr ▲4.8% | ₹42 Cr |
| Depreciation | ₹30 Cr ▲11.1% | ₹27 Cr ▲8.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲47.1% | ₹17 Cr ▼10.5% | ₹19 Cr ▼5.0% | ₹20 Cr ▲5.3% | ₹19 Cr ▲18.8% | ₹16 Cr ▲6.7% | ₹15 Cr |
| PBT | ₹363 Cr ▲27.4% | ₹285 Cr ▲345.3% | ₹64 Cr ▲12.3% | ₹57 Cr ▲147.8% | ₹23 Cr ▲76.9% | ₹13 Cr ▲550.0% | ₹2 Cr ▼77.8% | ₹9 Cr ▼18.2% | ₹11 Cr ▼69.4% | ₹36 Cr |
| Tax % | 25.0% ▲4.2% | 24.0% ▼11.1% | 27.0% ▲3.8% | 26.0% ▼33.3% | 39.0% ▲0.0% | 39.0% ▼11.4% | 44.0% ▲7.3% | 41.0% ▲0.0% | 41.0% ▲20.6% | 34.0% |
| Net Profit | ₹272 Cr ▲25.9% | ₹216 Cr ▲359.6% | ₹47 Cr ▲11.9% | ₹42 Cr ▲200.0% | ₹14 Cr ▲75.0% | ₹8 Cr ▲700.0% | ₹1 Cr ▼80.0% | ₹5 Cr ▼16.7% | ₹6 Cr ▼75.0% | ₹24 Cr |
| EPS (₹) | 8.81 ▲23.4% | 7.14 ▲357.7% | 1.56 ▲1.3% | 1.54 ▲190.6% | 0.53 ▲96.3% | 0.27 ▲1250.0% | 0.02 ▼88.2% | 0.17 ▼15.0% | 0.2 ▼77.3% | 0.88 |
| Div Payout | 3.0% ▲0.0% | 3.0% ▼50.0% | 6.0% ▲20.0% | 5.0% ▼64.3% | 14.0% ▼26.3% | 19.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹30 Cr ▲0.0% | ₹30 Cr ▲114.3% | ₹14 Cr ▲7.7% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr ▲0.0% | ₹13 Cr |
| Reserves | ₹1.5K Cr ▲21.5% | ₹1.2K Cr ▲126.3% | ₹540 Cr ▲41.7% | ₹381 Cr ▲11.1% | ₹343 Cr ▲3.9% | ₹330 Cr ▲2.2% | ₹323 Cr ▲0.3% | ₹322 Cr ▲1.6% | ₹317 Cr ▲1.6% | ₹312 Cr |
| Borrowings | ₹457 Cr ▲61.5% | ₹283 Cr ▲10.5% | ₹256 Cr ▼22.4% | ₹330 Cr ▲1.5% | ₹325 Cr ▲23.6% | ₹263 Cr ▼14.6% | ₹308 Cr ▲17.1% | ₹263 Cr ▼34.1% | ₹399 Cr ▲90.9% | ₹209 Cr |
| Other Liabilities | ₹694 Cr ▲6.4% | ₹652 Cr ▲81.6% | ₹359 Cr ▼22.5% | ₹463 Cr ▲8.2% | ₹428 Cr ▲34.2% | ₹319 Cr ▲10.4% | ₹289 Cr ▲2.8% | ₹281 Cr ▼21.5% | ₹358 Cr ▲5.0% | ₹341 Cr |
| Total Liabilities | ₹2.7K Cr ▲21.9% | ₹2.2K Cr ▲86.9% | ₹1.2K Cr ▼1.4% | ₹1.2K Cr ▲7.0% | ₹1.1K Cr ▲19.9% | ₹925 Cr ▼0.9% | ₹933 Cr ▲6.0% | ₹880 Cr ▼19.1% | ₹1.1K Cr ▲24.2% | ₹876 Cr |
| Assets | ||||||||||
| Fixed Assets | ₹250 Cr ▼0.4% | ₹251 Cr ▲74.3% | ₹144 Cr ▼5.9% | ₹153 Cr ▼8.9% | ₹168 Cr ▼7.2% | ₹181 Cr ▼6.2% | ₹193 Cr ▼4.0% | ₹201 Cr ▲3.1% | ₹195 Cr ▲4.3% | ₹187 Cr |
| CWIP | ₹138 Cr ▲122.6% | ₹62 Cr ▲1140.0% | ₹5 Cr ▲66.7% | ₹3 Cr ▲0.0% | ₹3 Cr | ₹0 Cr ▼100.0% | ₹2 Cr ▼33.3% | ₹3 Cr ▼75.0% | ₹12 Cr ▲100.0% | ₹6 Cr |
| Investments | ₹184 Cr ▼31.3% | ₹268 Cr ▲6600.0% | ₹4 Cr ▲300.0% | ₹1 Cr ▲0.0% | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹2.1K Cr ▲30.4% | ₹1.6K Cr ▲57.8% | ₹1.0K Cr ▼1.3% | ₹1.0K Cr ▲10.0% | ₹936 Cr ▲25.8% | ₹744 Cr ▲0.8% | ₹738 Cr ▲9.2% | ₹676 Cr ▼23.3% | ₹881 Cr ▲29.2% | ₹682 Cr |
| Total Assets | ₹2.7K Cr ▲21.9% | ₹2.2K Cr ▲86.9% | ₹1.2K Cr ▼1.4% | ₹1.2K Cr ▲7.0% | ₹1.1K Cr ▲19.9% | ₹925 Cr ▼0.9% | ₹933 Cr ▲6.0% | ₹880 Cr ▼19.1% | ₹1.1K Cr ▲24.2% | ₹876 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-105 Cr ▼166.9% | ₹157 Cr ▲441.4% | ₹29 Cr ▲3.6% | ₹28 Cr ▲1300.0% | ₹2 Cr ▼97.9% | ₹96 Cr ▲500.0% | ₹16 Cr ▼91.1% | ₹179 Cr ▲275.5% | ₹-102 Cr ▼254.5% | ₹66 Cr |
| Investing CF | ₹-7 Cr ▲98.9% | ₹-625 Cr ▼2740.9% | ₹-22 Cr ▼344.4% | ₹9 Cr ▲212.5% | ₹-8 Cr ▼14.3% | ₹-7 Cr ▲53.3% | ₹-15 Cr ▼87.5% | ₹-8 Cr ▲74.2% | ₹-31 Cr ▼29.2% | ₹-24 Cr |
| Financing CF | ₹116 Cr ▼75.4% | ₹472 Cr ▲4820.0% | ₹-10 Cr ▲77.8% | ₹-45 Cr ▼364.7% | ₹17 Cr ▲118.3% | ₹-93 Cr ▼4750.0% | ₹2 Cr ▲101.1% | ₹-182 Cr ▼225.5% | ₹145 Cr ▲337.7% | ₹-61 Cr |
| Net Cash Flow | ₹3 Cr ▼25.0% | ₹4 Cr ▲233.3% | ₹-3 Cr ▲57.1% | ₹-7 Cr ▼163.6% | ₹11 Cr ▲375.0% | ₹-4 Cr ▼233.3% | ₹3 Cr ▲127.3% | ₹-11 Cr ▼191.7% | ₹12 Cr ▲166.7% | ₹-18 Cr |
| Free Cash Flow | ₹-215 Cr ▼186.7% | ₹-75 Cr ▼635.7% | ₹14 Cr ▼26.3% | ₹19 Cr ▲416.7% | ₹-6 Cr ▼106.6% | ₹91 Cr ▲1200.0% | ₹7 Cr ▼95.7% | ₹163 Cr ▲223.5% | ₹-132 Cr ▼340.0% | ₹55 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 129d ▲51.8% | 85d ▼51.1% | 174d ▲4.8% | 166d ▲1.2% | 164d ▼20.0% | 205d ▼6.0% | 218d ▲35.4% | 161d ▼37.1% | 256d ▲54.2% | 166d |
| Inventory Days | 133d ▲12.7% | 118d ▲8.3% | 109d ▲17.2% | 93d ▼10.6% | 104d ▼29.3% | 147d ▼3.9% | 153d ▲40.4% | 109d ▼40.1% | 182d ▲51.7% | 120d |
| Days Payable | 62d ▼43.1% | 109d ▲14.7% | 95d ▼19.5% | 118d ▼8.5% | 129d ▼27.9% | 179d ▲11.2% | 161d ▲41.2% | 114d ▼43.8% | 203d ▲36.2% | 149d |
| Cash Conv. Cycle | 199d ▲111.7% | 94d ▼50.0% | 188d ▲33.3% | 141d ▲1.4% | 139d ▼19.7% | 173d ▼17.6% | 210d ▲34.6% | 156d ▼33.6% | 235d ▲70.3% | 138d |
| Working Capital Days | 102d ▲200.0% | 34d ▼71.4% | 119d ▲75.0% | 68d ▲13.3% | 60d ▼36.2% | 94d ▲28.8% | 73d ▲32.7% | 55d ▼3.5% | 57d ▼9.5% | 63d |
| ROCE | 23.0% ▼17.9% | 28.0% ▲86.7% | 15.0% ▲0.0% | 15.0% ▲50.0% | 10.0% ▲11.1% | 9.0% ▲12.5% | 8.0% ▲0.0% | 8.0% ▼11.1% | 9.0% ▼40.0% | 15.0% |
Source: Screener.in · Lower days = better efficiency