| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 227 | 195 | 198 | 247 | 186 | 155 | 212 | 164 | 116 | 176 | 169 | 290 | 220 | 269 | 340 | 344 | 302 | 327 | 336 | 440 | 157 | 258 | 371 | 514 | 326 | 473 | 568 | 687 | 550 | 474 |
| Expenses | 209 | 180 | 185 | 221 | 169 | 139 | 194 | 147 | 106 | 155 | 150 | 262 | 201 | 246 | 317 | 324 | 278 | 291 | 300 | 406 | 151 | 237 | 331 | 441 | 280 | 392 | 475 | 545 | 441 | 409 |
| EBITDA | 19 | 16 | 13 | 26 | 17 | 16 | 18 | 17 | 10 | 21 | 19 | 28 | 19 | 23 | 23 | 19 | 24 | 36 | 36 | 34 | 6 | 21 | 40 | 73 | 46 | 81 | 94 | 141 | 109 | 65 |
| Operating Profit % | 8 % | 6 % | 6 % | 9 % | 3 % | 10 % | 8 % | 10 % | 8 % | 11 % | 11 % | 8 % | 8 % | 8 % | 5 % | 5 % | 8 % | 10 % | 9 % | 7 % | 3 % | 8 % | 10 % | 14 % | 13 % | 15 % | 15 % | 19 % | 17 % | 11 % |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 9 | 7 | 6 | 6 | 6 | 6 | 7 | 6 | 7 | 7 | 8 | 7 |
| Interest | 11 | 12 | 10 | 13 | 11 | 10 | 11 | 15 | 11 | 11 | 12 | 13 | 10 | 10 | 10 | 13 | 10 | 13 | 12 | 12 | 15 | 12 | 13 | 11 | 12 | 11 | 14 | 15 | 11 | 13 |
| Profit Before Tax | 4 | -1 | -2 | 8 | 1 | 1 | 2 | -3 | -6 | 5 | 2 | 10 | 4 | 8 | 8 | 2 | 10 | 18 | 14 | 15 | -15 | 3 | 21 | 56 | 28 | 64 | 74 | 119 | 91 | 45 |
| Tax | 1 | -1 | 0 | 3 | 1 | 0 | 1 | -1 | -2 | 2 | 1 | 4 | 2 | 3 | 3 | 2 | 4 | 6 | -0 | 5 | -3 | 1 | 5 | 14 | 7 | 18 | 18 | 25 | 23 | 8 |
| Net Profit | 2 | -1 | -2 | 5 | 1 | 1 | 2 | -2 | -4 | 4 | 1 | 7 | 3 | 6 | 6 | 0 | 6 | 12 | 14 | 10 | -12 | 2 | 16 | 42 | 21 | 46 | 56 | 94 | 68 | 37 |
| EPS in ₹ | 0.17 | -0.07 | -0.17 | 0.42 | 0.03 | 0.06 | 0.10 | -0.16 | -0.26 | 0.25 | 0.05 | 0.49 | 0.21 | 0.36 | 0.39 | 0.10 | 0.48 | 0.87 | 1.04 | 0.68 | -0.95 | 0.12 | 1.10 | 2.80 | 1.40 | 3.04 | 3.67 | 3.17 | 2.24 | 1.13 |
Transformers & Rectifiers
Transformers & Rectifiers
236.90
-7.50
(-3.07%)
Market Cap
₹7,110.90 Cr
PE Ratio
36.90
Volume
29,89,627.00
Day High - Low
₹249.90 - ₹235.75
52W High-Low
₹648.90 - ₹243.05
Key Fundamentals
Market Cap
7,110.90 Cr
EPS
7.21
PB Ratio
6.98
Book Value
44.82
EBITDA
359.20
Dividend Yield
0.06 %
Industry
Capital Goods Sector
Electrical Equipment ROE Growth %
-
Debt to Equity
0.30
Analyst Rating and Forecast
- By Refinitiv from3 analysts
Actual
Company News
View All News
Transformers and Rectifiers (India) Limited Secures Rs. 53.33 Cr HVDC Converter Transformer Order3 days ago
Transformers and Rectifiers (India) Limited has secured a Rs. 53.33 crore order for repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer, making it the first Indian private sector company to receive such an order. This milestone positions TARIL in the exclusive global HVDC transformer manufacturers club and opens major opportunities in India's rapidly growing HVDC segment driven by renewable energy integration and grid modernization needs.
Transformers and Rectifiers (India) Limited secured a domestic order worth Rs. 389.97 crore, bringing their total quarterly order book from Gujarat Energy Transmission Corporation Limited to Rs. 493.42 crore. The order falls under the company's normal business operations and will be executed during the current financial year, strengthening the position of India's second-largest transformer manufacturer by capacity.
Mr. Ajay S. Patil resigned as Independent Director of Transformers and Rectifiers (India) Limited effective November 12, 2025, citing existing professional and personal commitments requiring greater time and attention. The resignation does not affect the Board composition or committee structure, and the company remains compliant with regulatory requirements.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,325.90 | #1 1,18,442.10 | 54.37 | 12,193.00 | -47.36 | 1,606 | -41.60 | 61.07 | |
3,098.20 | 1,10,333.30 | 121.45 | 2,656.00 | -44.41 | 409 | 146.64 | 40.37 | |
5,173.50 | 1,09,630.80 | 61.72 | 9,569.53 | -23.70 | 1,267 | -7.15 | 52.98 | |
661.35 | 1,04,141.50 | 106.84 | 10,070.80 | 23.53 | 973 | 29.51 | 27.06 | |
277.75 | 96,714.30 | 178.28 | #1 28,804.80 | 17.86 | 534 | 253.01 | 52.79 | |
19,305.00 | 86,046.90 | 139.20 | 6,442.10 | 22.78 | 384 | 405.54 | 38.95 | |
2,871.40 | 82,490.50 | 33.31 | 14,846.10 | 27.62 | 1,928 | 133.75 | 23.88 | |
51.74 | 70,927.90 | #1 24.33 | 10,993.10 | 67.39 | #1 2,072 | #1 537.79 | 33.23 | |
2,768.80 | 70,894.20 | 85.35 | 4,354.90 | 36.50 | 608 | 107.12 | 38.94 | |
900.20 | 40,578.70 | 37.83 | 6,652.10 | #1 109.76 | 937 | 71.64 | 26.29 |
Growth Rate
Revenue Growth
57.72 %
Net Income Growth
360.43 %
Cash Flow Change
437.34 %
ROE
103.71 %
ROCE
32.31 %
EBITDA Margin (Avg.)
62.73 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 725 | 791 | 876 | 1,088 | 879 | 932 | 925 | 1,109 | 1,186 | 1,168 | 2,185 |
| Fixed Assets | 192 | 185 | 187 | 195 | 201 | 193 | 181 | 169 | 153 | 144 | 251 |
| Current Assets | 502 | 579 | 670 | 869 | 654 | 714 | 711 | 909 | 990 | 989 | 1,398 |
| Capital Work in Progress | 11 | 11 | 6 | 12 | 3 | 2 | 0 | 3 | 3 | 5 | 62 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 268 |
| Other Assets | 521 | 594 | 682 | 881 | 675 | 737 | 743 | 937 | 1,028 | 1,015 | 1,604 |
| Total Liabilities | 725 | 791 | 876 | 1,088 | 879 | 932 | 925 | 1,109 | 1,186 | 1,168 | 2,185 |
| Current Liabilities | 352 | 406 | 504 | 715 | 500 | 537 | 493 | 672 | 708 | 539 | 801 |
| Non Current Liabilities | 34 | 53 | 40 | 35 | 36 | 52 | 81 | 74 | 77 | 66 | 111 |
| Total Equity | 339 | 332 | 331 | 338 | 343 | 343 | 350 | 363 | 401 | 563 | 1,272 |
| Reserve & Surplus | 321 | 314 | 312 | 317 | 322 | 323 | 330 | 343 | 380 | 540 | 1,222 |
| Share Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 30 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 13 | 1 | -19 | 12 | -11 | 3 | -4 | 11 | -7 | -3 | 4 |
| Investing Activities | -30 | -6 | -24 | -31 | -8 | -15 | -7 | -8 | 9 | -22 | -625 |
| Operating Activities | 93 | 37 | 67 | -102 | 179 | 16 | 96 | 2 | 28 | 29 | 157 |
| Financing Activities | -50 | -31 | -62 | 145 | -182 | 2 | -93 | 17 | -45 | -10 | 472 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Oct 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Feb 2025 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 74.91 % | 69.65 % | 69.65 % | 69.65 % | 66.16 % | 66.16 % | 64.36 % | 64.36 % | 64.36 % | 64.36 % | 64.36 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.57 % | 0.00 % | 0.00 % | 4.45 % | 7.89 % | 9.34 % | 11.08 % | 11.22 % | 11.33 % | 10.94 % | 11.21 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.00 % | 0.00 % | 1.89 % | 5.36 % | 6.92 % | 7.67 % | 7.52 % | 7.22 % | 6.03 % | 5.95 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 22.05 % | 22.05 % | 22.52 % | 21.83 % | 22.27 % | 22.46 % | 21.76 % | 22.29 % | 22.10 % | 21.77 % | 19.87 % | 25.64 % | 22.98 % | 21.39 % | 18.35 % | 15.26 % | 14.70 % | 14.74 % | 14.92 % | 16.39 % | 15.86 % |
| Others | 3.04 % | 3.04 % | 2.57 % | 3.26 % | 2.82 % | 2.64 % | 3.34 % | 2.81 % | 2.99 % | 3.32 % | 4.65 % | 4.71 % | 7.36 % | 2.62 % | 2.23 % | 2.31 % | 2.19 % | 2.15 % | 2.16 % | 2.28 % | 2.61 % |
| No of Share Holders | 0 | 37,265 | 41,440 | 39,961 | 43,976 | 46,773 | 46,396 | 46,810 | 47,585 | 51,342 | 54,118 | 54,878 | 61,972 | 64,977 | 80,939 | 90,218 | 99,687 | 1,20,855 | 1,45,463 | 1,81,103 | 1,79,367 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.1 | 0.15 | 0.15 | 0.2 | 0.2 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.61 | 0.53 | 0.08 | 0.04 | 0.08 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 04 Sept 2021 |  Dividend | ₹ 0.10 /share | 02 Sept 2021 | 12.65 | 13.95 |
| 29 Jul 2022 | Dividend | ₹ 0.15 /share | 28 Jul 2022 | 15.35 | 14.55 |
| 28 Jul 2023 | Dividend | ₹ 0.15 /share | 28 Jul 2023 | 34.63 | 44.35 |
| 11 May 2024 | Dividend | ₹ 0.20 /share | 10 May 2024 | 232.90 | 294.15 |
| 13 May 2024 |  Annual General Meeting | NA | 13 May 2024 | 232.90 | 294.15 |
| 08 Oct 2024 |  Quarterly Result Announcement | NA | 08 Oct 2024 | 312.68 | 321.00 |
| 08 Jan 2025 | Quarterly Result Announcement | NA | 08 Jan 2025 | 549.25 | 619.28 |
| 03 Feb 2025 |  Extraordinary General Meeting | NA | 03 Feb 2025 | 619.28 | 422.10 |
| 14 Feb 2025 |  Bonus | 1:1 | 14 Feb 2025 | 427.00 | 424.00 |
| 08 Apr 2025 | Quarterly Result Announcement | NA | 08 Apr 2025 | 536.20 | 470.25 |
| 09 May 2025 | Dividend | ₹ 0.20 /share | 09 May 2025 | 470.25 | 482.40 |
| 13 May 2025 | Annual General Meeting | NA | 13 May 2025 | 470.25 | 502.35 |
| 01 Aug 2025 | Quarterly Result Announcement | NA | 01 Aug 2025 | 507.55 | 511.20 |
| 08 Nov 2025 | Quarterly Result Announcement | NA | 08 Nov 2025 | 452.85 | 391.90 |
Announcements
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 25, 2025
Nov 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 21, 2025
Nov 21, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 17, 2025
Nov 17, 2025World Bank Case Update - Order Value Of USD 24.74 MillionNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 12, 2025
Nov 12, 2025Disclosure Regarding World BankS Debarment Notice And Its Impact On The CompanyNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 09, 2025
Nov 09, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 08, 2025
Nov 08, 2025Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025Nov 08, 2025
Nov 08, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 08Th November 2025 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025Nov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Nov 07, 2025Board Meeting Intimation for Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 And Opening Of Trading WindowOct 31, 2025
Oct 31, 2025Sub: Clarification On Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Ref: TGVSL: SECL: BSE:2025-26 Dated October 26 2025 - TGV SRAAC LimitedOct 27, 2025
Oct 27, 2025Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesOct 09, 2025
Oct 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesSep 29, 2025
Sep 29, 2025Copies Of Newspaper Advertisement - 100 Days Campaign- Saksham Niveshak And Opening Of A Special Window For Re-Lodgement Of Share Transfer DeedsSep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Amended Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information (UPSI)Aug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 01, 2025
Aug 01, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 01St August 2025 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2025Aug 01, 2025
Aug 01, 2025Outcome Of Board Meeting Held On 01St August 2025 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2025Aug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 28, 2025
Jul 28, 2025Board Meeting Intimation for Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 And Opening Of Trading WindowJul 23, 2025
Jul 23, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 12, 2025
Jul 12, 2025Addition To List Of Key Managerial Personnel (Kmps) Authorized For The Purpose Of Determination Of Materiality Of Events/Information And For The Purpose Of Making DisclosuresJul 08, 2025
Jul 08, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 08, 2025
Jul 08, 2025Closure of Trading WindowJun 24, 2025
Jun 24, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 20, 2025
Jun 20, 2025Announcement under Regulation 30 (LODR)-Credit RatingJun 13, 2025
Jun 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 28, 2025
May 28, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
May 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportMay 13, 2025
May 13, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMMay 13, 2025
May 13, 2025Reg. 34 (1) Annual Report.Apr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 25, 2025
Apr 25, 2025Corrigendum To The Annual Report For The Financial Year 2024-25Apr 23, 2025
Apr 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 21, 2025
Apr 21, 2025Business Responsibility and Sustainability Reporting (BRSR)Apr 21, 2025
Apr 21, 2025Mutual Fund Holdings
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RSI(14)
Neutral 21.13
ATR(14)
Less Volatile 17.40
STOCH(9,6)
Oversold 2.62
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -0.20
ADX(14)
Very Strong Trend 50.25
UO(9)
Bullish 15.86
ROC(12)
Downtrend And Accelerating -21.89
WillR(14)
Oversold -98.83
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