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NSE TARIL · BSE 532928 · Electronic Instr. & Controls · NIFTY 500

Transformers and Rectifiers (India) Share Price

Market closed · updated 25 Sep, 4:52 PM IST
₹280.40 ▼ −₹8.49 · 2.94% NSE · as of 24 Sep 2026, 9:59 AM · BSE ₹280.75
Today's range
₹279.80Low₹287.50High
52-week range
₹224.30Low · 2 Feb 2026₹552.00High · 24 Sep 2025

Transformers and Rectifiers (India) Overview

Where the price stands, how it has moved and how it sits against its averages.

Transformers and Rectifiers (India) shares last traded at ₹280.40 on the NSE, down 2.94% on the day. That is 49.2% below the 52-week high of ₹552.00 and 25.0% above the 52-week low of ₹224.30. The stock trades at 40.76× earnings, below the sector average of 42.55. Its market value is ₹8,445 Cr.

Price returns

1 Day▼ −2.94%
5 Days▲ +4.29%
This month▼ −7.90%
3 Months▼ −15.16%
6 Months▲ +2.16%
This year▲ +1.31%
1 Year▼ −46.11%

Against the market: 1 Month ▼ −1.57% · 3 Months ▼ −12.71% · 6 Months ▲ +2.76% · This year ▲ +15.39% · 1 Year ▼ −40.87%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.

Moving averages — price is above 1 of 6

  1. 100-day average₹311.72 ▼ price 10.0% below
  2. 50-day average₹299.77 ▼ price 6.5% below
  3. 300-day average₹296.16 ▼ price 5.3% below
  4. 20-day average₹294.39 ▼ price 4.8% below
  5. 10-day average₹284.24 ▼ price 1.4% below
  6. Today's price₹280.40
  7. 5-day average₹278.39 ▲ price 0.7% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

Transformers and Rectifiers (India) Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
2,509
Net profit₹ crore · losses below zero
264

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹2,509 Cr ▲ +24.2% ₹264 Cr 10.5% ₹8.81 ₹0.25
FY 2025 ₹2,019 Cr ▲ +56.0% ₹214 Cr 10.6% ₹7.21 ₹0.20
FY 2024 ₹1,295 Cr ▼ −6.2% ₹45 Cr 3.4% ₹1.62 ₹0.10
FY 2023 ₹1,381 Cr ▲ +19.2% ₹41 Cr 2.9% ₹1.54 ₹0.08
FY 2022 ₹1,158 Cr ▲ +56.1% ₹14 Cr 1.2% ₹0.53 ₹0.08
FY 2021 ₹742 Cr ▲ +5.9% ₹7 Cr 1.0% ₹0.27 ₹0.05
FY 2020 ₹701 Cr — ₹0 Cr 0.1% ₹0.01 —

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
43%
57%
  • Total assets₹2,666 Cr
  • Total liabilities₹1,151 Cr
  • Shareholders' equity₹1,515 Cr
  • Total debt₹457 Cr
  • Cash & investments₹159 Cr
  • Current ratio1.82×
  • Revenue growth, 5 yr27.59% a year
  • EPS growth, 5 yr101.33% a year
  • Operating margin (TTM)14.07%
  • Net margin (TTM)10.54%

Cash flow — FY26

Operating activities
▼ −₹105 Cr
Investing activities
▼ −₹7 Cr
Financing activities
▲ ₹116 Cr
Free cash flow
▼ −₹215 Cr
Net change in cash
▲ ₹3 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue700.95742.081,158.331,380.851,294.682,019.382,508.80
Cost of revenue528.71555.24939.761,094.63954.121,407.291,724.54
Gross profit172.24186.85218.58286.21340.55612.09784.26
Operating expenses669.19692.781,104.671,283.971,185.301,715.642,130.73
Operating income31.7749.3153.6796.87109.38303.74378.07
Depreciation19.5919.3416.9924.5324.7326.9629.91
Profit before tax1.8612.5123.3057.0764.39284.84363.04
Tax0.814.889.0214.7217.3968.4190.87
Net profit0.407.0613.9940.7144.50214.27264.39
EPS (₹)0.010.270.531.541.627.218.81
Dividend per share (₹)—0.050.080.080.100.200.25

What Analysts Say

4 analysts

Recommendations from 4 analysts who cover Transformers and Rectifiers (India).

Hold average rating 2.75 on a 1–5 scale

▲ 2 bullish (50.0%) · 0 hold (0.0%) · ▼ 2 bearish (50.0%)

Votes

Strong Buy
1 (25%)
Buy
1 (25%)
Hold
0 (0%)
Sell
2 (50%)
Strong Sell
0 (0%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy11111 —
Buy11111 —
Hold10000 ▼ −1
Sell12222 ▲ +1
Strong Sell00000 —

Analyst ratings are opinions, not a guarantee of returns.

Transformers and Rectifiers (India) vs Peers

Side by side with other electronic instr. & controls companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
Transformers and Rectifiers (India) ₹280.40 ▼ −2.94% ₹8,445 Cr 40.76 5.73 16.58% 10.54% 0.09% This stock
ABB India ₹7,115.00 ▲ +0.13% ₹1,50,569 Cr 95.20 20.30 22.90% 11.62% 0.52% Moderately Bearish
Hitachi Energy India ₹30,804.05 ▼ −1.11% ₹1,37,301 Cr 139.01 27.62 — 12.12% 0.02% Moderately Bearish
CG Power and Industrial Solutions ₹886.00 ▼ −1.12% ₹1,39,585 Cr 114.78 17.88 32.91% 9.64% 0.18% Moderately Bearish
Polycab India ₹8,410.00 0.00% ₹1,26,732 Cr 49.98 11.11 22.25% 9.32% 0.53% Neutral
Siemens ₹3,852.65 ▼ −0.71% ₹1,37,201 Cr — 9.41 — 8.53% 0.33% Neutral

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns Transformers and Rectifiers (India) shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
64.4%
26.6%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter64.36%64.36%64.36%64.36% 0.00 pts
FII11.21%7.01%8.33%7.80% ▼ −0.53 pts
MF5.76%3.93%1.72%1.28% ▼ −0.44 pts
Other18.67%24.70%25.59%26.56% ▲ +0.97 pts

Transformers and Rectifiers (India) Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Transformers and Rectifiers (India)BenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
40.76
▼ 4% below the sector average of 42.55
P/E, 12-month rangeLow 18.53 · high 243.34
10%
Today's P/E sits 10% of the way from its low to its high
P/BPrice ÷ book value per share
5.73
P/SPrice ÷ sales per share
3.40
P/CFPrice ÷ cash flow per share
29.09
PEGP/E ÷ earnings growth (≈1 is fair)
0.42

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
31.88%
▲ above its 5-yr average of 26.81%
Operating marginKept after running costs
14.07%
▲ above its 5-yr average of 11.26%
Pre-tax marginKept before tax
14.13%
▲ above its 5-yr average of 9.48%
Net marginKept as profit
10.54%
▲ above its 5-yr average of 7.08%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
19.11%
▲ above its 5-yr average of 16.58%
Return on assetsProfit on everything it owns
11.22%
▲ above its 5-yr average of 7.96%
Return on investmentProfit on long-term capital
18.34%
▲ above its 5-yr average of 15.19%

Growth Is the business getting bigger?

Revenue — last 12 months
+14.6%
▲ growing
Revenue — 3 yr, a year
+22.0%
▲ growing
Revenue — 5 yr, a year
+27.6%
▲ growing (off the scale)
EPS — last 12 months
−1.3%
▼ shrinking
EPS — 3 yr, a year
+79.0%
▲ growing (off the scale)
EPS — 5 yr, a year
+101.3%
▲ growing (off the scale)
Dividend — 3 yr, a year
+49.4%
▲ growing (off the scale)
Book value — 5 yr, a year
+31.3%
▲ growing (off the scale)

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.30×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.82×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.19×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
60.12×
✓ Strong
Payout ratioShare of profit paid as dividend
2.84%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹8.62
Book value
₹50.46
Cash flow
₹9.94
Dividend
₹0.25
Revenue
₹85.06

The share price is 5.56× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 110 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year32.81
Current Dividend Yield - Common Stock Primary Issue, LTM0.09
Price to Book - most recent fiscal year5.73
P/E Basic excluding extraordinary items - TTM40.76
P/E including extraordinary items - TTM33.53
P/E excluding extraordinary items low, trailing 12 months18.53
Price to Tangible Book - most fiscal year5.80
Dividend Yield - 5 Year Average0.07
Price to sales - most recent fiscal year3.46
Dividend Yield - indicated annual dividend divided by closing price0.09
Price to Cash Flow per share - trailing 12 month29.09
Peg Ratio0.42
P/E Normalized, most recent fiscal year32.79
P/E excluding extraordinary items high, trailing 12 months243.34
P/E excluding extraordinary items, most recent fiscal year quarter33.53
Price to sales - trailing 12 month3.40
Net Debt, LFY2,972.60

Per share

Dividend Per Share - 5 year average0.14
Cash Flow per share - trailing 12 month9.94
Cash Flow per share - most recent fiscal year10.07
EPS including extraordinary items - trailing 12 month8.62
EPS including extraordinary items - most recent fiscal year8.81
EBITD per share - trailing 12 month12.94
Revenue/share - trailing 12 month85.06
EPS excluding extraordinary items - trailing 12 month8.62
EPS Basic excluding extraordinary items - most recent fiscal year8.81
EPS Basic excluding extraordinary items - trailing 12 month8.62
Book value per share - most recent fiscal year50.47
Dividend per share - most recent fiscal year0.25
Revenue/share - most recent fiscal year83.58
EPS Normalized - most recent fiscal year8.81
Book value (tangible) per share - most recent fiscal year49.80
Dividends per share - trailing 12 month0.25
EPS excluding extraordinary items - most recent fiscal year8.81
Cash per share - most recent fiscal year5.31

Margins

Operating margin - trailing 12 month14.07
Gross Margin - 5 year average26.81
Operating margin - 1st historical fiscal year15.07
Operating Margin - 5 year average11.26
Net Profit Margin % - 1st historical fiscal year10.85
Gross Margin - 1st historical fiscal year31.26
Net Profit Margin % - trailing 12 month10.54
Net Profit Margin - 5 year average7.08
Pretax Margin - 5 year average9.48
Pretax margin - 1st historical fiscal year14.47
Pretax margin - trailing 12 month14.13
Free Operating Cash Flow/Revenue, 5 Year Average−3.34
Gross Margin - trailing 12 month31.88

Growth

EPS Change %, TTM over TTM−1.32
Revenue growth rate, 5 year27.59
EPS growth rate, 5 year101.33
Revenue Change % - most recent quarter 1 year ago8.13
Growth rate% - dividend, 3 year49.38
Growth rate% - EPS, 3 year79.01
Revenue/share (5 yr growth)24.46
Tangible Book Value, Total Equity, 5 Year CAGR34.77
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR38.45
Capital Spending growth rate, 5 year78.77
Revenue Change %, TTM over TTM14.60
Growth rate% - Revenue, 3 year22.02
Book value per share growth rate, 5 year31.30
EPS Change % - most recent quarter 1 year ago−8.48
Net Profit Margin growth rate, 5 year60.20
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR42.77
Total Debt, 5 Year CAGR11.57

Financial strength

Net Interest coverage - most recent fiscal year60.12
Free Cash Flow - most recent fiscal year−2,208.20
LT debt/equity - most recent fiscal year0.04
Quick ratio - most recent fiscal year1.19
Payout ratio - trailing 12 month2.90
Current ratio - most recent fiscal year1.82
Current EV/Free Cash Flow, LFY48.19
Total debt/total equity - most recent fiscal year0.30
Net Interest coverage - trailing 12 month6.48
Payout ratio - most recent fiscal year2.84

Returns & efficiency

Return on average equity - 5 year average16.58
Net Income/employee - trailing 12 month43,95,425.00
Revenue/employee - most recent fiscal year4,30,69,530.00
Return on investment - most recent fiscal year18.34
Return on average assets - most recent fiscal year11.22
Receivables turnover - most recent fiscal year3.64
Inventory turnover - most recent fiscal year3.02
Revenue/employee - trailing 12 month4,16,96,080.00
Return on average assets - 5 year average7.96
Net Income/employee - most recent fiscal year46,72,447.00
Asset turnover - most recent fiscal year1.03
Return on average equity - most recent fiscal year19.11
Return on investment - 5 year average15.19

Price & volume

Market Cap8,445.36
52 week Low Date2 Feb 2026
Price - 1 Day % Change2.94
Relative (S&P500) price percent change - 13 week−12.71
Avg trading volume last 10 days0.98
Price - 13 week price percent change−15.16
Price - 52 week price percent change−46.11
Avg Trading Volume Last 3 months45.38
Price - 5 Day % Change4.29
Price % Change Month To Date−7.90
Relative (S&P500) price percent change - 04 week−1.57
52 week High Date24 Sep 2025
Price - 26 week price percent change2.16
PDATE23 Sep 2026
Price - YTD price percent change1.31
Relative (S&P500) price percent change - 52 week−40.87
NPRICE289.00
Relative (S&P500) price percent change - 26 week2.76
52 week Low224.05
52 week High538.40
Beta0.72
Relative (S&P500) price percent change - Year to Date15.39

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹0.25
  • Dividend yield0.09%
  • Payout ratio2.84%
  • 5-year average dividend₹0.14 a share
  • Latest dividend₹0.25 per share · 18 Sep 2026

Corporate calendar

  • Dividend₹0.25 per share · 25% · Final dividend
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results & Others
  • BoardQuarterly Results
  • BoardQuarterly Results & Others
  • MeetingAnnual General Meeting
Show 13 older events
  • Dividend₹0.20 per share · 20% · Final dividend
  • BoardAudited Results & Final Dividend
  • BonusBonus issue of equity shares in the ratio of 1:1 of Re. 1/-.
  • MeetingExtraordinary General Meeting
  • BoardQuarterly Results & Bonus issue
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹0.20 per share · 20% · Final dividend
  • MeetingPostal Ballot
  • MeetingPostal Ballot
  • Dividend₹0.15 per share · 15% · Final dividend
  • Dividend₹0.15 per share · 15% · Final dividend
  • Dividend₹0.10 per share · 10% · Final dividend

About Transformers and Rectifiers (India)

Electronic Instr. & Controls

Transformers and Rectifiers (India) Limited is an India-based company engaged in the manufacturing of power, furnace, and rectifier transformers. The Company manufactures a range of transformers, supplying both the domestic and international markets. It produces transformers and reactors with capacities ranging from approximately 0.5 Megavolt-Amperes (MVA) to 500 MVA capacity and voltage classes from five Kilovolt (kV) to 1200 kV. The Company primarily operates in the Manufacturing of Transformers segment. Its product categories include Power Transformers, Distribution Transformers, Furnace Transformers, Rectifier Transformers, Specialty Transformers, and Reactors. It offers services such as Upgrade, Repair & Refurbishment, Spares & Consumables, Technical Training, and Oil Sample Analysis & Diagnosis. The Company's subsidiaries include Transweld Mechanical Engineering Works Limited, Transpares Limited, TARIL Infrastructure Limited, Savas Engineering Company Private Limited, and others.

Key people

  • Jitendra Ujamsi MamtoraWhole-time Non-Independent Chairman of the Board
  • Rakesh KiriChief Compliance Officer, Company Secretary
  • Satyen Jitendra MamtoraManaging Director, Executive Non-Independent Director
  • Karunaben Jitendra MamtoraExecutive Non-Independent Director

Company facts

  • NSE symbolTARIL
  • BSE code532928
  • ISININE763I01026
  • IndustryElectronic Instr. & Controls
  • IndexNIFTY 500
  • Market cap₹8,445 Cr
  • Revenue (FY26)₹2,509 Cr
  • Net profit (FY26)₹264 Cr

In the News

Recent headlines about Transformers and Rectifiers (India) — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Transformers and Rectifiers (India) (NSE: TARIL) last traded at ₹280.40 on the NSE, down 2.94% (₹8.49) on the day, as of 24 Sep 2026, 9:59 AM. On the BSE it was ₹280.75. The day's range was ₹279.80 – ₹287.50.

Transformers and Rectifiers (India)'s 52-week high is ₹552.00 (24 Sep 2025) and its 52-week low is ₹224.30 (2 Feb 2026). At ₹280.40 the share is 49.2% below its high and 25.0% above its low.

Transformers and Rectifiers (India)'s market capitalisation is ₹8,445 Cr (₹8,445 Cr). It is part of the NIFTY 500 index.

Transformers and Rectifiers (India)'s P/E ratio (trailing 12 months) is 40.76. The sector average is 42.55, so investors pay 4% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹8.62.

Transformers and Rectifiers (India) shares are down 46.11% over the last year, up 1.31% so far this year, up 2.16% over 6 months, down 15.16% over 3 months. Over the last year the stock did 40.87% worse than the market.

In FY26 (year to Mar 2026), Transformers and Rectifiers (India) reported revenue of ₹2,509 Cr (up 24.24% on the year before) and a net profit of ₹264 Cr. Earnings per share were ₹8.81.

Yes. Transformers and Rectifiers (India)'s latest dividend is ₹0.25 per share (25%, final dividend), with an ex-date of 18 Sep 2026. The dividend yield is 0.09%. It has paid 6 dividends in the records shown on this page.

Of 4 analysts covering Transformers and Rectifiers (India), 2 are bullish (1 strong buy, 1 buy), 0 say hold and 2 are bearish. The consensus is Hold (average rating 2.75 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 64.36%, FII 7.80%, MF 1.28%, Other 26.56%.

Transformers and Rectifiers (India)'s listed peers in Electronic Instr. & Controls include ABB India, Hitachi Energy India, CG Power and Industrial Solutions, Polycab India, Siemens. By market capitalisation it ranks #6 of 6 in this group.