WEBSITE BSE:532928 NSE: TARIL Inc. Year: 1994 Industry: Electric Equipment
Last updated: 10:09
Transformers & Rectifiers (India) Ltd is a holding enterprise. The Company manufacturers a variety of transformers. The Company's products are power transformers, which consist of generator transformers, unit auxiliary transformers, station auxiliary transformers, interconnecting transformers (car transformers) and trackside transformers for railways; distribution transformers, which encompass stepdown transformers, stepup transformers and power efficient transformers; rectifier transformers, which consist of six pulse transformers with interph...Read More
Transformers & Rectifiers (India) Ltd is a holding enterprise. The Company manufacturers a variety of transformers. The Company's products are power transformers, which consist of generator transformers, unit auxiliary transformers, station auxiliary transformers, interconnecting transformers (car transformers) and trackside transformers for railways; distribution transformers, which encompass stepdown transformers, stepup transformers and power efficient transformers; rectifier transformers, which consist of six pulse transformers with interphase transformer (IPT) and 12 pulse with IPT; furnace transformers, which encompass arc furnace transformers, ladle furnace transformers and submerged arc furnace transformers; speciality transformers, which include testing transformers and transformers having multiple secondaries, and reactors, which consist of shunt and collection reactors. The Company's plants are placed at Moraiya, Ahmedabad; Changodar, Ahmedabad, and Odhav, Ahmedabad. ...Read Less
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Market Cap ₹7932 Cr.
Stock P/E 36.6
P/B 5.6
Current Price ₹264.3
Book Value ₹ 47.3
Face Value 1
52W High ₹594.8
Dividend Yield 0.08%
52W Low ₹ 224.3
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 257 | 369 | 513 | 322 | 462 | 559 | 676 | 529 | 460 | 737 |
| Other Income | 1 | 2 | 1 | 4 | 12 | 9 | 7 | 20 | 14 | 4 |
| Total Income | 258 | 371 | 514 | 326 | 473 | 568 | 683 | 550 | 474 | 741 |
| Total Expenditure | 237 | 331 | 441 | 280 | 392 | 475 | 545 | 441 | 409 | 612 |
| Operating Profit | 21 | 40 | 73 | 46 | 81 | 94 | 138 | 109 | 65 | 129 |
| Interest | 12 | 13 | 11 | 12 | 10 | 14 | 15 | 10 | 13 | 13 |
| Depreciation | 6 | 6 | 6 | 7 | 6 | 6 | 7 | 8 | 7 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 21 | 56 | 28 | 64 | 74 | 119 | 90 | 45 | 108 |
| Provision for Tax | 1 | 5 | 14 | 7 | 18 | 18 | 25 | 23 | 8 | 32 |
| Profit After Tax | 2 | 16 | 42 | 21 | 46 | 55 | 94 | 67 | 37 | 76 |
| Adjustments | -0 | -0 | -2 | -1 | -1 | -1 | -0 | -0 | -3 | -2 |
| Profit After Adjustments | 2 | 16 | 40 | 20 | 45 | 55 | 94 | 67 | 34 | 74 |
| Adjusted Earnings Per Share | 0.1 | 0.5 | 1.4 | 0.7 | 1.5 | 1.8 | 3.1 | 2.2 | 1.1 | 2.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 554 | 595 | 821 | 716 | 855 | 701 | 742 | 1158 | 1396 | 1291 | 2017 | 2402 |
| Other Income | 3 | 4 | 6 | 6 | 12 | 16 | 10 | 10 | 9 | 6 | 32 | 45 |
| Total Income | 556 | 599 | 827 | 721 | 867 | 717 | 752 | 1168 | 1404 | 1297 | 2049 | 2448 |
| Total Expenditure | 523 | 557 | 733 | 650 | 794 | 650 | 673 | 1084 | 1275 | 1157 | 1689 | 2007 |
| Operating Profit | 33 | 42 | 93 | 71 | 73 | 67 | 78 | 84 | 130 | 140 | 359 | 441 |
| Interest | 32 | 38 | 42 | 44 | 46 | 46 | 46 | 44 | 48 | 51 | 51 | 51 |
| Depreciation | 13 | 15 | 15 | 16 | 19 | 20 | 19 | 17 | 25 | 25 | 27 | 30 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
| Profit Before Tax | -11 | -10 | 36 | 11 | 9 | 2 | 13 | 23 | 57 | 64 | 285 | 362 |
| Provision for Tax | -4 | -3 | 12 | 4 | 4 | 1 | 5 | 9 | 15 | 17 | 68 | 88 |
| Profit After Tax | -7 | -7 | 24 | 6 | 5 | 1 | 8 | 14 | 42 | 47 | 216 | 274 |
| Adjustments | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -0 | -2 | -3 | -2 | -5 |
| Profit After Adjustments | -8 | -8 | 23 | 5 | 5 | 0 | 7 | 14 | 41 | 44 | 214 | 269 |
| Adjusted Earnings Per Share | -0.3 | -0.3 | 0.9 | 0.2 | 0.2 | 0 | 0.3 | 0.5 | 1.5 | 1.6 | 7.1 | 8.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 56% | 20% | 24% | 14% |
| Operating Profit CAGR | 156% | 62% | 40% | 27% |
| PAT CAGR | 360% | 149% | 193% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -42% | 102% | 97% | 35% |
| ROE Average | 24% | 15% | 10% | 5% |
| ROCE Average | 29% | 20% | 16% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 334 | 327 | 325 | 331 | 335 | 336 | 343 | 357 | 394 | 554 | 1252 |
| Minority's Interest | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 20 |
| Borrowings | 19 | 45 | 38 | 33 | 27 | 41 | 68 | 56 | 64 | 53 | 81 |
| Other Non-Current Liabilities | 13 | 6 | -3 | 3 | 9 | 11 | 13 | 17 | 13 | 9 | 18 |
| Total Current Liabilities | 352 | 406 | 504 | 715 | 500 | 537 | 493 | 672 | 708 | 539 | 801 |
| Total Liabilities | 723 | 789 | 871 | 1088 | 879 | 932 | 925 | 1108 | 1186 | 1165 | 2173 |
| Fixed Assets | 192 | 185 | 187 | 195 | 201 | 193 | 181 | 168 | 153 | 144 | 251 |
| Other Non-Current Assets | 29 | 25 | 13 | 24 | 25 | 25 | 33 | 30 | 43 | 32 | 523 |
| Total Current Assets | 502 | 579 | 670 | 869 | 654 | 714 | 711 | 909 | 990 | 989 | 1398 |
| Total Assets | 723 | 789 | 871 | 1088 | 879 | 932 | 925 | 1108 | 1186 | 1165 | 2173 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 8 | 21 | 20 | 1 | 13 | 2 | 5 | 1 | 12 | 5 | 2 |
| Cash Flow from Operating Activities | 93 | 37 | 66 | -102 | 179 | 16 | 96 | 2 | 28 | 29 | 157 |
| Cash Flow from Investing Activities | -30 | -5 | -24 | -31 | -8 | -15 | -7 | -8 | 9 | -22 | -625 |
| Cash Flow from Financing Activities | -50 | -31 | -61 | 145 | -182 | 2 | -93 | 17 | -45 | -10 | 472 |
| Net Cash Inflow / Outflow | 13 | 0 | -19 | 12 | -11 | 3 | -4 | 11 | -7 | -3 | 4 |
| Closing Cash & Cash Equivalent | 21 | 21 | 1 | 13 | 2 | 5 | 1 | 12 | 5 | 2 | 5 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.3 | -0.28 | 0.88 | 0.2 | 0.17 | 0.02 | 0.27 | 0.53 | 1.54 | 1.56 | 7.14 |
| CEPS(Rs) | 0.21 | 0.29 | 1.46 | 0.84 | 0.89 | 0.78 | 1.02 | 1.18 | 2.52 | 2.52 | 8.11 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.08 | 0.08 | 0.1 | 0.2 |
| Book NAV/Share(Rs) | 12.61 | 12.32 | 12.27 | 12.47 | 12.65 | 12.67 | 12.93 | 13.45 | 14.87 | 19.44 | 41.71 |
| Core EBITDA Margin(%) | 5.01 | 5.8 | 9.79 | 9.05 | 7.16 | 7.33 | 9.23 | 6.38 | 8.66 | 10.36 | 16.22 |
| EBIT Margin(%) | 3.31 | 4.23 | 8.84 | 7.6 | 6.38 | 6.8 | 7.91 | 5.76 | 7.52 | 8.9 | 16.61 |
| Pre Tax Margin(%) | -1.85 | -1.54 | 4.08 | 1.46 | 1.01 | 0.27 | 1.69 | 2.01 | 4.09 | 4.97 | 14.11 |
| PAT Margin (%) | -1.22 | -1.06 | 2.7 | 0.86 | 0.6 | 0.15 | 1.03 | 1.23 | 3.03 | 3.63 | 10.72 |
| Cash Profit Margin (%) | 0.93 | 1.18 | 4.35 | 3.09 | 2.76 | 2.94 | 3.63 | 2.69 | 4.79 | 5.54 | 12.05 |
| ROA(%) | -0.98 | -0.92 | 2.89 | 0.64 | 0.52 | 0.12 | 0.82 | 1.41 | 3.69 | 4 | 12.97 |
| ROE(%) | -2.21 | -2.1 | 7.36 | 1.9 | 1.53 | 0.31 | 2.25 | 4.08 | 11.28 | 9.91 | 23.96 |
| ROCE(%) | 4.03 | 5.66 | 15.35 | 8.7 | 8.22 | 7.67 | 9.4 | 10.4 | 14.97 | 15.02 | 28.61 |
| Receivable days | 186.09 | 152.43 | 139.85 | 220.65 | 187.19 | 206.89 | 205.17 | 147.26 | 151.25 | 176.11 | 97.87 |
| Inventory Days | 88.8 | 101.49 | 81.08 | 117.54 | 98.2 | 106.35 | 106.1 | 75.38 | 69.71 | 77 | 65.05 |
| Payable days | 174.4 | 178.47 | 152.95 | 187.14 | 138.85 | 153.89 | 165.5 | 117.05 | 114.47 | 115.63 | 86.04 |
| PER(x) | 0 | 0 | 23 | 65.08 | 39.69 | 181.67 | 30.7 | 31.23 | 18.67 | 126.79 | 75.08 |
| Price/Book(x) | 0.9 | 0.95 | 1.65 | 1.06 | 0.53 | 0.22 | 0.63 | 1.23 | 1.93 | 10.18 | 12.85 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0.61 | 0.46 | 0.26 | 0.05 | 0.04 |
| EV/Net Sales(x) | 0.77 | 0.74 | 0.88 | 0.99 | 0.49 | 0.49 | 0.61 | 0.62 | 0.76 | 4.55 | 8.03 |
| EV/Core EBITDA(x) | 12.7 | 10.36 | 7.74 | 9.96 | 5.69 | 5.11 | 5.8 | 8.51 | 8.24 | 41.96 | 45.1 |
| Net Sales Growth(%) | -24.32 | 7.45 | 37.93 | -12.78 | 19.53 | -18.06 | 5.85 | 56.11 | 20.48 | -7.49 | 56.23 |
| EBIT Growth(%) | -43.07 | 37.13 | 183.51 | -30.09 | -0.7 | -12.79 | 23.29 | 13.9 | 57.03 | 9.67 | 191.2 |
| PAT Growth(%) | -224.12 | 7.23 | 445.97 | -74.01 | -18.22 | -79.41 | 626.62 | 87.15 | 196.54 | 11.01 | 360.45 |
| EPS Growth(%) | -254.78 | 6.5 | 411.17 | -76.9 | -16.36 | -91.19 | 1675.33 | 98.12 | 191.24 | 1.56 | 357.42 |
| Debt/Equity(x) | 0.47 | 0.5 | 0.64 | 1.21 | 0.79 | 0.92 | 0.77 | 0.91 | 0.84 | 0.46 | 0.23 |
| Current Ratio(x) | 1.42 | 1.43 | 1.33 | 1.21 | 1.31 | 1.33 | 1.44 | 1.35 | 1.4 | 1.83 | 1.74 |
| Quick Ratio(x) | 0.94 | 0.95 | 0.93 | 0.84 | 0.92 | 0.93 | 1 | 0.96 | 1.02 | 1.32 | 1.19 |
| Interest Cover(x) | 0.64 | 0.73 | 1.86 | 1.24 | 1.19 | 1.04 | 1.27 | 1.53 | 2.19 | 2.27 | 6.63 |
| Total Debt/Mcap(x) | 0.52 | 0.53 | 0.39 | 1.14 | 1.47 | 4.26 | 1.21 | 0.74 | 0.43 | 0.05 | 0.02 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.91 | 69.65 | 69.65 | 66.16 | 66.16 | 64.36 | 64.36 | 64.36 | 64.36 | 64.36 |
| FII | 0.57 | 3.48 | 4.45 | 8 | 9.34 | 11.08 | 11.33 | 10.94 | 11.21 | 7.01 |
| DII | 0 | 0 | 1.89 | 6.33 | 6.92 | 7.67 | 7.22 | 6.03 | 5.95 | 4.19 |
| Public | 24.53 | 26.87 | 24.01 | 19.51 | 17.57 | 16.89 | 17.09 | 18.67 | 18.47 | 24.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 9.93 | 9.93 | 9.93 | 9.93 | 9.93 | 9.66 | 19.32 | 19.32 | 19.32 | 19.32 |
| FII | 0.08 | 0.5 | 0.63 | 1.2 | 1.4 | 1.66 | 3.4 | 3.28 | 3.37 | 2.11 |
| DII | 0 | 0 | 0.27 | 0.95 | 1.04 | 1.15 | 2.17 | 1.81 | 1.79 | 1.26 |
| Public | 3.25 | 3.83 | 3.42 | 2.93 | 2.64 | 2.53 | 5.13 | 5.6 | 5.55 | 7.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13.26 | 14.26 | 14.26 | 15.01 | 15.01 | 15.01 | 30.02 | 30.02 | 30.02 | 30.02 |
* The pros and cons are machine generated.
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