Transformers & Rectifiers
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Transformers & Rectifiers

232.50
-9.45
(-3.91%)
Market Cap
6,978.86 Cr
PE Ratio
26.40
Volume
25,20,464.00
Day High - Low
244.15 - 231.00
52W High-Low
594.00 - 230.10
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Key Fundamentals
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Market Cap
6,978.86 Cr
EPS
7.21
PE Ratio
26.40
PB Ratio
5.40
Book Value
44.82
EBITDA
359.20
Dividend Yield
0.08 %
Return on Equity
17.01
Debt to Equity
0.30
Analyst Rating and Forecast
- By Refinitiv from3 analysts
HOLD
Analysts have suggested that investors can hold this stock
Buy
Buy+33.33 %
+33.33 %
Hold
Hold+66.67 %
+66.67 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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Caret
positive
Transformers & Rectifiers India Limited delivered exceptional Q3FY26 performance with revenue of ₹704.21 crores and EBITDA of ₹114 crores at 16.19% margin. Company secured strategic HVDC repair order from PowerGrid.
neutral
Transformers & Rectifiers resubmitted its consolidated limited review report for Q2FY26 after inadvertently omitting the signing page in the initial November 2025 submission to stock exchanges.
negative
InCred cuts target price to ₹200 citing 19% order intake decline and CEO resignation despite strong Q3 FY26 revenue growth of 31.71% YoY to ₹736.76 crore.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
2,900.40
#1 1,03,289.19
49.49
23,165.00
15.54
#1 2,718
-41.60
38.38
4,694.50
99,480.39
57.16
12,541.70
16.69
1,875
-7.15
30.32
549.10
86,475.43
85.07
10,070.80
23.53
973
29.51
25.12
242.50
84,440.04
107.50
#1 28,804.80
17.86
534
189.83
28.87
2,125.40
75,689.85
71.41
7,932.00
#1 198.64
1,100
146.64
16.09
2,599.30
74,766.50
22.32
14,846.10
27.62
1,928
118.35
40.89
16,501.00
73,548.86
104.79
6,442.10
22.78
384
405.54
35.31
2,712.70
69,457.74
73.64
4,354.90
36.50
608
107.12
42.08
45.70
62,665.12
#1 20.19
10,993.10
67.39
2,072
#1 537.79
29.05
2,920.60
34,800.79
58.68
10,640.90
11.35
627
-39.70
42.56
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

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
Dec 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
741
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
612
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
129
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 %
17 %
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
8
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
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
108
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
32
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
76
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
2.46

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
Dec 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 %
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 %
7.01 %
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 %
4.19 %
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 %
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 %
21.17 %
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 %
3.26 %
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
2,06,060

Dividend History

Annual Cash Flows 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.1 0.15 0.15 0.2 0.2 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.61 0.53 0.08 0.04 0.09 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
04 Sept 2021 DIVIDEND Dividend
0.10 /share
02 Sept 2021 12.65 13.95
29 Jul 2022 DIVIDEND Dividend
0.15 /share
28 Jul 2022 15.35 14.55
28 Jul 2023 DIVIDEND Dividend
0.15 /share
28 Jul 2023 34.63 44.35
11 May 2024 DIVIDEND Dividend
0.20 /share
10 May 2024 232.90 294.15
13 May 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
13 May 2024 232.90 294.15
08 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Oct 2024 312.68 321.00
08 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Jan 2025 549.25 619.28
03 Feb 2025 EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting
NA
03 Feb 2025 619.28 422.10
14 Feb 2025 BONUS Bonus
1:1
14 Feb 2025 427.00 424.00
08 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Apr 2025 536.20 470.25
09 May 2025 DIVIDEND Dividend
0.20 /share
09 May 2025 470.25 482.40
13 May 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
13 May 2025 470.25 502.35
01 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
01 Aug 2025 507.55 511.20
08 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Nov 2025 452.85 391.90
08 Jan 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Jan 2026 283.50 321.20

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript7 days ago
Resubmission Of Consolidated Limited Review Report As Of 30.09.20257 days ago
Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 09, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 08, 2026
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJan 08, 2026
Resignation Letter Of Mr. Mukul Srivastava As The Chief Executive Officer (CEO) Of The CompanyJan 08, 2026
Announcement under Regulation 30 (LODR)-Investor PresentationJan 08, 2026
Outcome Of Board Meeting Held On 08Th January 2026 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025Jan 08, 2026
Board Meeting Outcome for Outcome Of Board Meeting Held On 08Th January 2026 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025Jan 08, 2026
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 07, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 05, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 05, 2026
Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesJan 03, 2026
Board Meeting Intimation for Pursuant To Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 And Opening Of Trading WindowDec 31, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 29, 2025
Closure of Trading WindowDec 23, 2025
Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesDec 20, 2025
Reply And Clarification On Price MovementDec 17, 2025
Clarification sought from Transformers and Rectifiers (India) LtdDec 16, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderDec 04, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 21, 2025
Announcement under Regulation 30 (LODR)-Resignation of DirectorNov 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 17, 2025
World Bank Case Update - Order Value Of USD 24.74 MillionNov 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 12, 2025
Disclosure Regarding World BankS Debarment Notice And Its Impact On The CompanyNov 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderNov 10, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 10, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 09, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 08, 2025
Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025Nov 08, 2025
Board 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
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Board Meeting Intimation for Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 And Opening Of Trading WindowOct 31, 2025
Sub: 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
Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesOct 09, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesSep 29, 2025
Copies Of Newspaper Advertisement - 100 Days Campaign- Saksham Niveshak And Opening Of A Special Window For Re-Lodgement Of Share Transfer DeedsSep 29, 2025
Closure of Trading WindowSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 06, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Amended Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information (UPSI)Aug 02, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 02, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 01, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 01, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HSBC Aggressive Hybrid Fund Direct-Growth
0.00%
-1476284
-0.71%
-1.16%
Aditya Birla Sun Life Small Cap Fund Direct-Growth
0.00%
-637000
-0.34%
-0.87%
Invesco India Infrastructure Fund Direct-Growth
3.00%
425923
1.02%
0.56%
Invesco India ELSS Tax Saver Fund Direct-Growth
1.48%
256841
0.35%
0.11%
HSBC Business Cycles Fund Direct-Growth
0.00%
-63000
-0.15%
-0.24%
Shriram Flexi Cap Fund Direct - Growth
0.00%
-15420
-0.30%
-0.82%
Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth
0.20%
11067
0.09%
0.03%
Shriram ELSS Tax Saver Fund Direct - Growth
0.00%
-5560
-0.30%
-0.81%
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
1856
0.01%
-0.08%
HDFC BSE 500 Index Fund Direct - Growth
0.02%
1377
0.02%
0.02%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
-643
0.01%
-0.08%
SBI Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
-545
0.00%
-0.08%
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
386
0.00%
-0.08%
Motilal Oswal Nifty 500 Index Fund Direct - Growth
0.02%
358
0.00%
-0.01%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
-340
0.01%
-0.08%
HDFC Nifty Smallcap 250 Index Fund Direct-Growth
0.15%
-220
0.00%
-0.08%
HDFC Nifty500 Multicap 50:25:25 Index Fund Direct-Growth
0.04%
193
0.01%
-0.02%
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
155
0.00%
-0.08%
SBI Nifty 500 Index Fund Direct-Growth
0.02%
-117
0.01%
0.00%
Kotak Nifty Smallcap 250 Index Fund Direct-Growth
0.15%
92
0.00%
-0.08%
ICICI Prudential Nifty 500 Index Fund Direct-Growth
0.02%
78
0.00%
-0.01%
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth
0.15%
-71
0.00%
-0.08%
Axis Nifty 500 Index Fund Direct-Growth
0.02%
25
0.00%
-0.01%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
21
0.00%
-0.01%
Groww Nifty Smallcap 250 Index Fund Direct - Growth
0.15%
16
0.01%
-0.08%

Technical Indicators

RSI(14)
Neutral
34.12
ATR(14)
Less Volatile
16.15
STOCH(9,6)
Oversold
3.65
STOCH RSI(14)
Oversold
0.88
MACD(12,26)
Bearish
-5.21
ADX(14)
Weak Trend
23.66
UO(9)
Bullish
29.82
ROC(12)
Downtrend And Accelerating
-25.45
WillR(14)
Oversold
-97.28