1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Transformers and Rectifiers (India) Limited

Transformers and Rectifiers (India) Limited

314.55
INR
-6.45
(-2.01%)
8.96EPS
40.78P/E
105.45BMarket Cap
Feb 08Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
27.16
20.52
22.43
30.62
26.38
31.75
26.05
27.63
43.06
51.77
46.05
66.91
81.95
85.02
Basic EPS, GAAP
0.2
-0.3
-0.28
0.88
0.2
0.17
0.01
0.27
0.53
1.54
1.62
7.21
8.81
8.61
Free Cash Flow per Basic Share
-1.97
2.3
1.08
2.05
-4.99
6.13
0.25
3.41
-0.25
0.68
0.49
-2.63
-7.16
- -
Dividend per Share
0.05
0.05
- -
- -
- -
- -
- -
- -
0.01
0.07
0.07
0.1
0.2
- -
Book Value per Share
12.95
12.61
11.4
12.27
12.47
12.65
12.67
12.93
13.45
14.87
19.44
41.71
50.47
- -
Tangible Book Value per Share
12.92
12.3
11.13
11.68
11.89
12.18
12.28
12.68
13.14
14.64
19.16
41.07
49.8
- -
Basic Weighted Avg Shares
265
265
265
265
265
265
265
265
265
265
274
297
300
300
Sales/Revenue/Turnover
7,202
5,440
5,946
8,117
6,995
8,419
6,907
7,326
11,417
13,725
12,636
19,878
24,597
25,518
Operating Margin (%)
4.38
3.4
4.04
8.96
7.26
6.05
6.63
7.59
5.45
7.47
9.69
15.45
16.29
14.07
Depreciation Expense
100
132
147
147
161
185
196
193
170
246
247
270
299
292
Net Income, GAAP
52
-80
-75
234
54
45
4
71
140
407
445
2,143
2,644
2,586
Effective Tax Rate (%)
35.4
- -
- -
33.88
40.98
41.01
43.58
39
38.71
25.8
27
24.02
25.03
25.4
Profit Margin (%)
0.72
-1.48
-1.26
2.88
0.77
0.54
0.06
0.96
1.23
2.97
3.52
10.78
10.75
10.13
Working Capital
2,017
1,494
1,401
1,660
1,534
1,537
1,771
2,177
2,372
2,820
4,492
5,969
8,416
- -
LT Debt
212
186
446
381
325
271
424
688
562
639
531
810
669
- -
Total Equity
3,480
3,389
3,075
3,312
3,375
3,428
3,431
3,501
3,633
4,018
5,629
12,724
15,430
- -
Return on Invested Capital (%)
1.24
- -
- -
3.13
4.8
4.6
4.1
5.29
5.78
10.75
10.56
19.07
15.78
- -
Return on Capital (%)
4.15
- -
- -
8.55
4.05
3.71
3.07
4.48
5.22
9.4
9.02
20.04
15.91
- -
Return on Common Equity (%)
1.52
-2.37
-2.36
7.45
1.65
1.36
0.12
2.08
4
10.85
9.38
23.72
19.11
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,897
- -
LT Borrowings
- -
669
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
85,622
76,392
105,448

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
18,739
- -
Cash, Cash Equivalents & STI
- -
1,594
- -
Accounts Receivable, Net
- -
8,873
- -
Inventories
- -
6,155
- -
Total Current Liabilities
- -
10,323
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,897
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.51%
40.35%
21.27%
Free Cash Flow
-31.82%
-203.83%
174.64%
Net Income, GAAP
179%
140.71%
23.39%
Sales/Revenue/Turnover
18.03%
29.83%
23.74%
Total Cash Common Dividend
- -
- -
110.43%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,220
4,615
5,594
6,765
19,878
2026
5,293
4,600
7,368
7,827
24,597
2027
5,723
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.67
1.52
1.84
3.14
7.21
2026
2.24
1.13
2.46
2.97
8.81
2027
2.05
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
0.2
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Satyen Jitendra Mamtora
Full Time Employees
2,151
Sector
Producer manufacturing
Industry
Electrical products
Address
Survey No. 427 P/3-4 and 431 P/1-2 Ahmedabad GU India 382213
IPO Date
Dec 28, 2007
Website
transformerindia.com
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Business
Transformers and Rectifiers (India) Limited (TARIL) is a leading Indian manufacturer specializing in electrical transformers and reactors. The company manufactures an extensive range of products including single-phase power transformers up to 500 MVA and 1200 kV class; furnace transformers; rectifier and distribution transformers; specialty transformers; series and shunt reactors; mobile substations; earthing transformers; instrument transformers; condenser bushings; auto transformers; and gas-insulated switchgear and hybrid gas-insulated switchgear. It also offers related services such as upgrade, repair and refurbishment, supply of spares and consumables, technical training, and oil sample analysis and diagnosis. TARIL caters primarily to the power generation, transmission, distribution, industrial, and infrastructure sectors across India and maintains an international presence in over 25 countries. Founded in 1963, the company is headquartered in Ahmedabad, Gujarat, India. Recent major developments include significant order wins such as a ₹53.33 crore order from Power Grid Corporation of India Limited for HVDC converter transformers and securing orders exceeding ₹114 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). The company has embarked on a major capacity expansion at its Moraiya facility with a new 22,000 MVA capacity under construction, alongside capacity upgrades in its Cold Rolled Grain Oriented (CRGO) processing unit and backward integration units to reinforce self-reliance and quality control. TARIL’s latest quarterly results show robust revenue growth and improved profitability, fueled by operational efficiencies and a strong order pipeline from utilities, infrastructure, and industrial sectors. The company is strategically focused on increasing production capacity and aims to reach USD 1 billion in revenue within the next three years. TARIL continues to enhance its market penetration and technological capabilities, positioning itself as a key player in India's electrical transformer industry and related segments. This comprehensive product portfolio, along with recent strategic expansion, order inflows, and technological advancements, consolidates Transformers and Rectifiers (India) Limited’s status as a critical supplier in the power equipment sector with growing domestic and global footprints.