| 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 | Mar 2026 |
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 | 805 |
| 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 | 664 |
| 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 | 141 |
| 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 % | 15 % |
| 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 | 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 | 13 | 14 |
| 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 | 120 |
| 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 | 28 |
| 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 | 91 |
| 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 | 3.14 | 2.24 | 1.13 | 2.53 | 3.04 |
Transformers & Rectifiers
Transformers & Rectifiers
313.50
(%)
Market Cap
9,410.20 Cr
PE Ratio
34.61
Volume
-
Day High - Low
- - -
52W High-Low
578.50 - 224.05
Key Fundamentals
Market Cap
9,410.20 Cr
EPS
9.07
PE Ratio
34.61
PB Ratio
6.22
Book Value
50.47
EBITDA
383.18
Dividend Yield
0.08 %
Industry
Capital Goods Sector
Electrical Equipment Return on Equity
17.01
Debt to Equity
0.30
Analyst Rating and Forecast
- By Refinitiv from3 analysts
Actual
Company News
View All News
TARIL Wins $16.26M Export Order from US Entity
Apr 27, 2026
Apr 27, 2026Transformers and Rectifiers (India) Limited secured a USD 16,258,352 export order from PDC AK LPIV, LLC for manufacturing 5 transformers, with delivery scheduled by mid-2027.
Transformers and Rectifiers (India) Limited published postal ballot notice in Financial Express newspapers on 23rd April 2026, with e-voting period from 23rd April to 22nd May 2026 for director re-appointment.
Transformers & Rectifiers delivered robust FY26 results with revenue growing 23% YoY to ₹2,395 crore and PAT increasing 20% to ₹225 crore, backed by strong order book of ₹5,005 crore.
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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 |
|---|---|---|---|---|---|---|---|---|
33,020.00 | #1 1,47,177.94 | 174.98 | 6,442.10 | 22.78 | 384 | 90.25 | 64.28 | |
397.10 | 1,38,272.74 | 87.24 | #1 33,782.20 | 17.28 | 2,135 | 155.80 | 81.16 | |
858.15 | 1,35,151.55 | 112.69 | 12,418.00 | 23.31 | 1,157 | 32.52 | 67.68 | |
6,360.00 | 1,34,773.73 | 45.43 | 13,555.10 | 8.08 | 1,669 | #1 275.83 | 35.69 | |
3,605.00 | 1,28,381.44 | 72.56 | 23,165.00 | 15.54 | 2,718 | -54.80 | 49.05 | |
4,430.00 | 1,13,428.62 | 106.31 | 4,354.90 | 36.50 | 608 | 103.78 | 56.16 | |
3,160.60 | 1,12,555.45 | 95.17 | 7,932.00 | #1 198.64 | 1,100 | 35.05 | 56.66 | |
3,212.00 | 92,390.26 | 23.77 | 26,536.80 | 78.75 | #1 3,858 | 74.76 | 48.26 | |
53.00 | 72,687.56 | #1 22.49 | 10,993.10 | 67.39 | 2,072 | 14.83 | 57.09 | |
4,561.60 | 54,354.34 | 74.99 | 10,694.20 | 0.50 | 740 | 18.87 | 70.55 |
Growth Rate
Revenue Growth
22.31 %
Net Income Growth
26.73 %
Cash Flow Change
436.97 %
ROE
103.71 %
ROCE
32.31 %
EBITDA Margin (Avg.)
-14.85 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 725 | 791 | 876 | 1,088 | 879 | 932 | 925 | 1,109 | 1,186 | 1,168 | 2,185 | 2,666 |
| Fixed Assets | 192 | 185 | 187 | 195 | 201 | 193 | 181 | 169 | 153 | 144 | 251 | 386 |
| Current Assets | 502 | 579 | 670 | 869 | 654 | 714 | 711 | 909 | 990 | 989 | 1,398 | 1,874 |
| Capital Work in Progress | 11 | 11 | 6 | 12 | 3 | 2 | 0 | 3 | 3 | 5 | 62 | 138 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 268 | 616 |
| Other Assets | 521 | 594 | 682 | 881 | 675 | 737 | 743 | 937 | 1,028 | 1,015 | 1,604 | 0 |
| Total Equity & Liabilities | 725 | 791 | 876 | 1,088 | 879 | 932 | 925 | 1,109 | 1,186 | 1,168 | 2,185 | 2,666 |
| Current Liabilities | 352 | 406 | 504 | 715 | 500 | 537 | 493 | 672 | 708 | 539 | 801 | 1,032 |
| Non Current Liabilities | 34 | 53 | 40 | 35 | 36 | 52 | 81 | 74 | 77 | 66 | 111 | 90 |
| Total Equity | 339 | 332 | 331 | 338 | 343 | 343 | 350 | 363 | 401 | 563 | 1,272 | 1,515 |
| Reserve & Surplus | 321 | 314 | 312 | 317 | 322 | 323 | 330 | 343 | 381 | 540 | 1,222 | 1,485 |
| Share Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 30 | 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 | Mar 2026 |
| 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 % | 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 % | 8.33 % |
| 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 % | 1.77 % |
| 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 % | 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 % | 22.38 % |
| 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 % | 3.16 % |
| 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 | 2,11,907 |
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 | 0.08 | 0.00 |
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 |
| 08 Jan 2026 | Quarterly Result Announcement | NA | 08 Jan 2026 | 283.50 | 321.20 |
| 21 Apr 2026 | Quarterly Result Announcement | NA | 21 Apr 2026 | 291.30 | 321.25 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptApr 27, 2026
Apr 27, 2026Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderApr 27, 2026
Apr 27, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 23, 2026
Apr 23, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 22, 2026
Apr 22, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotApr 22, 2026
Apr 22, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotApr 22, 2026
Apr 22, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 22, 2026
Apr 22, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeApr 21, 2026
Apr 21, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportApr 21, 2026
Apr 21, 2026Announcement under Regulation 30 (LODR)-Investor PresentationApr 21, 2026
Apr 21, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On 21St April 2026Apr 21, 2026
Apr 21, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 18, 2026
Apr 18, 2026Board Meeting Intimation for Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026Apr 14, 2026
Apr 14, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2026
Apr 04, 2026Closure of Trading WindowMar 26, 2026
Mar 26, 2026Updation To List Of Key Managerial Personnel (Kmps) Under Regulation 30(5) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 05, 2026
Mar 05, 2026Board Meeting Outcome for Outcome Of Board Meeting For Change In Key Managerial Personnel Of The Company.Mar 05, 2026
Mar 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 10, 2026
Feb 10, 2026Clarification On Volume MovementFeb 10, 2026
Feb 10, 2026Clarification sought from Transformers and Rectifiers (India) LtdFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJan 16, 2026
Jan 16, 2026Resubmission Of Consolidated Limited Review Report As Of 30.09.2025Jan 16, 2026
Jan 16, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 09, 2026
Jan 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 08, 2026
Jan 08, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJan 08, 2026
Jan 08, 2026Resignation Letter Of Mr. Mukul Srivastava As The Chief Executive Officer (CEO) Of The CompanyJan 08, 2026
Jan 08, 2026Announcement under Regulation 30 (LODR)-Investor PresentationJan 08, 2026
Jan 08, 2026Outcome 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
Jan 08, 2026Board 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
Jan 08, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 07, 2026
Jan 07, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 05, 2026
Jan 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 05, 2026
Jan 05, 2026Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesJan 03, 2026
Jan 03, 2026Board Meeting Intimation for Pursuant To Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 And Opening Of Trading WindowDec 31, 2025
Dec 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationDec 29, 2025
Dec 29, 2025Closure of Trading WindowDec 23, 2025
Dec 23, 2025Special Window For Re-Lodgement Of Transfer Requests Of Physical SharesDec 20, 2025
Dec 20, 2025Reply And Clarification On Price MovementDec 17, 2025
Dec 17, 2025Clarification sought from Transformers and Rectifiers (India) LtdDec 16, 2025
Dec 16, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderDec 04, 2025
Dec 04, 2025Announcement 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 50.55
ATR(14)
Less Volatile 16.70
STOCH(9,6)
Neutral 30.70
STOCH RSI(14)
Oversold 18.36
MACD(12,26)
Bearish -2.10
ADX(14)
Weak Trend 13.82
UO(9)
Bearish 46.01
ROC(12)
Uptrend And Accelerating 1.34
WillR(14)
Neutral -70.24
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