5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

Transformers & Rectifiers (India) Ltd.

•
transformerindia.comBSE: 532928NSE: TARIL
Market Cap₹ 8,919 Cr.
Current Price
High / Low₹ 552 / 224
Stock P/E41.5
Book Value₹ 49
Price to Book5.34
Dividend Yield0.08 %
ROCE20.8 %
ROE17.1 %
Face Value₹ 1

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence
72%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 100.6% CAGR over last 5 years
  • Company has a healthy return on capital (ROCE) of 20.4%
  • Company has delivered good sales growth of 26.9% CAGR over last 5 years
  • Operating margins have improved to 13.1% from 8.6%
  • Stock looks reasonably valued - P/E of 41.5 is below its historical median
  • Company comfortably covers its interest (7.7x coverage)

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Recent results are weak - TTM profit is down 26.1% versus prior year
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.11x)
  • Total debt has risen sharply - up 63.1% year on year
  • Stock is trading at 5.3x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment
Part ofNIFTY TOTAL MKTNIFTY 500NIFTY SMLCAP 250
S.No.Name
1.ABB7393.3052.44156670.220.533623.00930.0235588.701110.3130.1812.56
2.CGPOWER927.00116.83146044.220.14308.2815.523280.8113.9927.9412.11
3.POWERINDIA31580.00122.36140759.520.032941.502135.1824936.901586.1828.7314.58
4.SIEMENS3947.5042.92140578.570.46214.31-49.384713.708.4421.429.14
5.GVT&D4663.20639.39119399.620.21362.9924.651836.1438.0475.5125.10
6.ENRIN3179.8076.10113239.200.13440.9067.832485.6039.2840.1923.56
7.WAAREEENER2567.5019.3573854.480.16891.8715.397931.7979.2237.9218.15
8.APARINDS17440.8561.8173028.910.344674.501677.9865910.601191.3131.8411.50
9.HAVELLS1121.1043.0870355.940.89289.71-16.646518.1919.4825.747.15
10.SUZLON45.6019.9362680.100.00305.22-5.893829.0922.8335.7915.55
11.SCHNEIDER1197.05155.7628621.950.0012.44-69.84651.364.7831.015.23
12.TARIL297.1534.508919.430.0864.29-4.70572.348.1323.6216.31
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1532543655003124465456475114287047525,593
1502353314382733824675444303985966585,055
Operating Profit4193463396478104803010894538
OPM %2.48%7.53%9.38%12.53%12.36%14.32%14.29%16.03%15.73%7.00%15.38%12.56%9.61%
22224129111612622143
Interest14111311111013139111213143
Depreciation66666666666551
Profit before Tax-14418482560689581269699680
Tax %23.38%26.39%25.47%26.21%25.87%29.30%25.44%19.69%25.98%34.40%25.99%21.76%26.69%
Net Profit-11313361842517760177177499
-0.830.230.951.301.281.411.712.582.000.562.372.581.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
8026858336837271,1261,3751,2701,9482,3952,444
7226277756376631,0591,2691,1501,6642,0822,158
Operating Profit805857466466106120284313287
OPM %9.97%8.47%6.88%6.76%8.74%5.87%7.69%9.44%14.58%13.07%11.72%
8712171012129365755
Interest4143454445424750484550
Depreciation1315171818152323242322
Profit before Tax3378111214856247302289
Tax %33.83%36.52%37.48%23.73%35.32%37.82%23.41%26.71%24.20%25.31%25.45%
Net Profit224517133741188225215
EPS1.640.330.370.040.520.982.802.886.257.51—
Dividend Payout %0.00%0.00%0.00%0.00%19.08%15.25%5.36%6.94%3.20%3.33%—

COMPOUNDED SALES GROWTH

10 Years:
15%
5 Years:
27%
3 Years:
20%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
101%
3 Years:
83%

STOCK PRICE CAGR

10 Years:
34%
5 Years:
84%
3 Years:
55%
1 Year:
-44%

RETURN ON EQUITY

10 Years:
7%
5 Years:
12%
3 Years:
16%
Last Year:
17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2025

Feb 14

1:1

Quarterly Results & Preferential Issue of shares & Bonus Issue Inter alia, to consider and approve:- 1.To consider the proposal for Issue of Bonus Equity Shares to the Shareholders of the Company 3.To consider and approve increase in Authorised Share Capital of the Company inter alia to accommodate Issue of Bonus Equity Shares, if any; 4.To obtain enabling approvals, from the shareholders for issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment, subject to approval of the Members 5.To considered and approve the amendment of the Articles of Association of the Company. 6. Any other matter with the permission of the Chairman

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital13131313131313143030
3043083143143213343695251,1801,400
188383238290259309317238252440
Trade Payables238283207220262319339233398300
956768644099110114174313
Total Liabilities8381,0568409018951,0741,1481,1252,0352,483
169176181172162150136127144143
Capital Work in Progress51132013362138
66766768284199
184247176195196242245245399561
0000000317443853
Cash & Bank2340253626451825167139
450574448490506630740400536450
Total Assets8381,0568409018951,0741,1481,1252,0352,483

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
55-1081821294-63741-34-59
Cash from Investing-12-29-5-11-6-46-35-409-49
Cash from Financing-60149-1864-9320-42-6443113
-1912-113-410-10-005

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
66.1666.1664.3664.3664.3664.3664.3664.3664.36
8.009.3411.0811.3310.9411.217.018.337.80
6.336.937.687.226.045.954.181.771.53
Government0.000.000.000.000.000.000.000.000.00
19.5117.5716.8917.0918.6718.4724.4325.5426.32

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10
General Updates

2026-09-10 - Transformers And Rectifiers (India) Limited has informed the Exchange about Updates on Incorporation of Subsidiary Company in the United Kingdom

2026-09-01
Copy of Newspaper Publication

2026-09-01 - Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication - 32nd AGM

2026-09-01
Copy of Newspaper Publication

2026-09-01 - Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication - Postal Ballot Notice and Remote E-voting Information

2026-08-31
Press Release (Revised)

2026-08-31 - Transformers And Rectifiers (India) Limited has informed the Exchange regarding a revised press release dated August 31, 2026, titled "Revised Press Release - TARIL Marks Strategic Entry into India s Nuclear Power Sector with Landmark NPCIL Order for Transformers and Reactors".

2026-08-29
Press Release

2026-08-29 - Transformers And Rectifiers (India) Limited has informed the Exchange regarding a press release dated August 29, 2026, titled "Press Release -Landmark Order".

2026-08-29
Updates

2026-08-29 - Transformers And Rectifiers (India) Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26'.

2026-08-29
Record Date

2026-08-29 - Transformers And Rectifiers (India) Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.

2026-08-29
Shareholders meeting

2026-08-29 - Transformers And Rectifiers (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-29
Bagging/Receiving of orders/contracts

2026-08-29 - Transformers And Rectifiers (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

News

Recent coverage and analyst commentary for TARIL

Loading news…

🤖

AI Stock Analyst

Transformers & Rectifiers (India) Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login