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Transformers And Rectifiers (India) Ltd.

NSE: TARIL · Capital Goods

₹306.55-2.87%06 Nov 2026
Check figures: unusual quarterly results in DEC '24 (₹55.48 cr vs a typical ₹3.31 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Transformers And Rectifiers (India) Ltd. — computed from its filings, no language model
Market cap₹9,203 cr
Current price₹306.55
High / Low₹453 / ₹230
P/E—
P/B5.57
Book value₹55.1
ROE0.0%
ROCE21.7%
Debt / equity0.35
Dividend yield0.08%
EPS (TTM)₹0.00
Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
FY20FY21FY22FY23FY24FY26
Revenue7017421,1581,3811,2952,509
EBITDA516871121134383
Operating margin7.3%9.2%6.1%8.8%10.4%15.3%
Interest464644485151
Depreciation201917252530
Profit before tax213235764363
Tax159151791
Net profit071441440
EPS ₹0.030.551.063.073.249.07
Operating cash flow——22829-105
Capex——910-1109
Dividend paid——0227
Total assets9329251,1091,1861,1682,666
Equity3363433573935541,515

Quarterly performance

last 27 quarters · ₹ crore
showing latest 8 of 27 periods
SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue154211163115175168284217267335339282307328434156257369513322462559460737783572739
Operating profit1216169201822162118152334313342038724269855212511893129
Operating margin8.0%7.8%9.7%7.8%11.4%10.7%7.6%7.6%8.0%5.4%4.4%8.1%11.1%9.6%7.6%2.8%7.7%10.4%14.0%13.1%15.0%15.2%11.2%17.0%15.1%16.3%17.4%
Other income4111116315422412121412914422163
Interest101015111112131010101310131212151213111210141313141514
Depreciation555555544534497666676678777
Profit before tax12-3-55210488210181415-15321562864744510811988110
Tax01-1-2214233246-05-3151471818832282429
Net profit02-2-4317355161214902164020465500000
EPS ₹0.060.10-0.16-0.260.250.050.500.210.360.390.100.480.871.040.68-0.950.121.102.801.403.043.671.132.463.042.052.66
Revenue YoY————13.7%-20.1%74.0%89.1%52.6%98.8%19.6%29.9%15.1%-2.0%27.8%-44.8%-16.4%12.5%18.2%107.0%79.5%51.4%-0.3%31.7%——60.7%
Profit YoY—————-55.1%——43.8%637.1%-80.0%131.5%141.6%167.4%588.5%-100.0%-86.0%12.8%342.7%—2751.6%256.3%-100.0%-100.0%———

Earlier results (standalone, Dec '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Transformers And Rectifiers (India) Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue428523550515510718542576802693833
Operating profit6883662218362729765255
Operating margin15.8%15.8%11.9%4.3%3.5%5.0%4.9%5.0%9.5%7.6%6.6%
Other income71—554457710
Interest754810232833363840
Depreciation3466791213131517
Profit before tax6675591368-10-132178
Tax222519413-3-4823
Net profit445040955-6-91345

Quarters

showing latest 8 of 47 periods
DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†JUN '19†
Revenue6810782114981348688131217861141272241371409714185681122448514819429114712410716362140126248159263192188132166151245224187194229167
Operating profit1319122015211516183415171222146-143-179-812102212-0610-9732812271621714102117872314
Operating margin18.3%17.6%14.4%17.4%15.4%15.8%16.9%17.9%13.6%15.8%17.2%15.1%9.3%9.7%10.1%3.9%-0.6%2.5%3.4%-1.5%6.0%3.9%-9.2%8.1%5.4%7.4%7.9%-0.2%5.2%5.8%-14.3%4.9%2.5%11.1%7.6%10.3%8.3%11.3%5.6%8.7%6.3%8.6%7.5%4.2%3.7%10.2%8.5%
Other income1441111000——12111221120112111111121114221315222
Interest1212221112101222222234457888667881081098891011101081210
Depreciation11111111111121122222222222333333433333434444445
Profit before tax1120141814201314163113151021123-421-436-1362131-10-21-18-4-71611541-34-394-1-381
Tax47565745511453641-110-0-02-42140-3-10-6-1-250511-11111-1-130
Net profit713913913910112081071582-221-444-94191-7-21-12-2-41111020-23-482-1-251
EPS ₹7.2810.277.209.837.179.946.847.398.6415.446.587.905.2511.316.021.64-1.821.260.56-2.722.902.93-6.732.950.876.540.69-4.98-1.190.63-9.42-1.77-3.358.100.577.241.790.22-1.670.21-0.300.590.18-0.05-0.160.400.06
Revenue YoY————43.0%25.9%4.5%-22.2%34.4%61.5%-0.4%28.9%-3.4%3.2%60.5%22.9%-23.9%-37.1%-37.9%-51.1%16.0%73.4%-0.3%116.6%72.9%19.4%72.8%-16.4%-44.5%-43.9%-57.7%12.7%17.6%51.8%156.3%88.3%51.6%-24.1%-17.4%-37.0%-21.0%30.0%70.2%12.6%27.9%-6.3%-25.3%
Profit YoY————26.1%-3.2%-5.1%-24.7%20.5%55.3%-3.7%6.8%-39.2%-26.8%-8.5%-79.2%-134.6%-88.8%-90.7%-266.0%—132.5%-1340.3%—-69.3%128.8%—-268.8%-237.4%-90.4%-1472.5%——1194.0%———-97.3%-388.0%-70.7%-263.4%2524.1%—-123.8%—-30.0%-66.7%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 21 periods
JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24JUN '26SEP '26
ROE-1.2%-0.2%-0.5%2.1%3.9%4.3%5.6%3.9%4.9%6.5%8.8%10.4%8.7%6.4%6.9%10.3%13.9%11.0%14.6%0.0%0.0%
ROCE6.5%7.4%7.6%9.7%11.3%11.6%12.3%9.8%10.7%14.0%15.4%14.5%11.7%8.8%9.8%14.2%19.1%15.9%19.9%21.1%21.7%
Net margin-0.6%-0.1%-0.3%1.0%1.6%1.6%1.7%1.2%1.4%1.9%2.6%3.0%2.8%2.1%2.2%4.4%5.3%7.3%8.7%0.0%0.0%
EBITDA margin8.3%9.2%10.1%9.2%9.0%8.3%7.0%6.1%6.3%7.1%8.2%9.0%8.4%7.5%7.9%10.4%11.8%13.3%14.4%15.2%16.4%
Debt / equity0.870.870.870.770.770.770.770.910.910.630.630.840.841.001.000.460.460.220.220.300.35
Interest coverage0.890.980.981.271.491.571.731.531.671.841.902.191.601.321.452.273.274.655.767.518.48
Asset turnover0.690.710.670.800.911.011.191.041.101.221.221.141.030.930.961.111.250.951.060.960.94

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 17 periods
MAR '14‡MAR '15‡MAR '16‡MAR '17‡MAR '18‡MAR '19‡MAR '20‡MAR '21‡MAR '22‡SEP '22MAR '23SEP '23MAR '24SEP '24SEP '25MAR '26SEP '26
Share capital1313131313131313131313131415303030
Other equity / reserves3303213133123173223233303433623803685401,0881,3151,4851,623
Total equity3433343273253313353363433573763933815541,1031,3451,5151,653
Borrowings163144147194386241291263323236330383256244366457574
Current liabilities———5047155005374936725667088095396119371,0321,167
Non-current liabilities———40353652817484776966318390165
Total assets8077257918761,0888799329251,1091,0321,1861,2661,1681,7552,3902,6663,017
Property, plant & equipment154184178172180188183——163147140137138228230249
Capital work-in-progress261111612320113642193138267
Investments0000000010104308204184179
Inventories127170195201265195213218262259271373275354632616723
Receivables3832403083745013764184165224656396126166636691,0951,077
Cash & equivalents———113251126512646814

Cash flow

annual · ₹ crore · line = free cash flow
showing latest 5 of 12 periods
FY14‡FY15‡FY16‡FY17‡FY18‡FY19‡FY20‡FY21‡FY22FY23FY24FY26
Cash from operations-32933766-102179169622829-105
Cash from investing-16-30-5-24-31-8-15-7-89-22-7
Cash from financing37-50-31-61145-1822-9317-45-10116
Capex2032—12301610—910-1109
Free cash flow-5261—54-1321627—-71830-215
Dividends paid———————00227

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹249 cr8%
CWIP
₹267 cr9%
Investments
₹179 cr6%
Inventories
₹723 cr24%
Receivables
₹1,077 cr36%
Cash & equivalents
₹14 cr0%
Other assets
₹506 cr17%

Peer comparison

largest in Capital Goods · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Hindustan Aeronautics Ltd.3,33,0524,980.0035.78.1222.7%
Bharat Electronics Ltd.2,89,468396.0045.211.0224.4%
Tata Motors Ltd.1,56,797425.5024.810.2641.3%
Bharat Heavy Electricals Ltd.1,45,828418.8050.75.4510.8%
ABB India Ltd.1,43,5416,774.0055.715.3727.6%
Siemens Ltd.1,26,7363,560.0028.28.0228.4%
Hitachi Energy India Ltd.1,23,98827,800.00107.823.9522.2%
CG Power and Industrial Solutions Ltd.1,21,786773.0089.113.9415.6%
Polycab India Ltd.1,18,6107,871.0037.69.0624.1%
Cummins India Ltd.1,12,2334,048.8049.813.5227.1%
Transformers And Rectifiers (India) Ltd.9,203306.55—5.570.0%

StoxGud checklist: Neutral setup · 4/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+6.0%
6 months-6.6%
1 year-33.3%
3Y CAGR+49.2%
5Y CAGR+84.9%
10Y CAGR+34.1%
50-day avg₹298.42
200-day avg₹299.84
RSI (14)39

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FAQs

What is the share price of Transformers And Rectifiers (India) Ltd.?

Transformers And Rectifiers (India) Ltd. (TARIL) closed at ₹306.55 on NSE on 06 Nov 2026.

What is the market cap of Transformers And Rectifiers (India) Ltd.?

₹9,203 crore at the latest close.

How fast is Transformers And Rectifiers (India) Ltd. growing?

Transformers And Rectifiers (India) Ltd.: revenue has compounded at 29.4% a year over three years. Latest-quarter revenue is up 60.7% year on year.

How profitable is Transformers And Rectifiers (India) Ltd.?

On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 21.7%, operating margin 16.4%, net margin 0.0%.

How much debt does Transformers And Rectifiers (India) Ltd. have?

Transformers And Rectifiers (India) Ltd. is lightly geared: debt to equity is 0.35 with borrowings of ₹574 cr against cash of ₹14 cr (balance sheet of 2026-09-30). Operating profit covers interest 8.5 times.

Financials parsed from Transformers And Rectifiers (India) Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.