Transformers and Rectifiers (India) Limited

BSE: TARIL532928ISIN INE763I01026

Industrials
Heavy Electrical Equipment
BSE 500

BSE listing

Share price

₹280.30+4.15 (+1.50%)

as of 18 Sep 2026

52W high: ₹552.00
52W low: ₹224.30
Off 52W high: -49.22%
1M return: -3.83%
3M return: -21.64%
6M return: -1.67%
1Y return: -46.11%
20D avg volume: 1,46,739
50 DMA: ₹302.49
200 DMA: ₹296.69

Key ratios Consolidated

Market cap: ₹8,414 Cr
Current price: ₹280.30
52W high / low: ₹552.00 / ₹224.30
Face value: ₹1.00
P/E: 31.28
P/B: —
EPS (TTM): ₹8.96
Book value / share: —
ROE: —
ROCE: 25.40%
Operating margin: —
Net margin: —
Debt / equity: 0.30
Net debt: ₹448.51 Cr
Interest cover: 8.11
Dividend yield: 0.09%
Dividend / share (TTM): ₹0.25
Payout: 2.79%
Cash conversion cycle: 176.6 days

About

In plain English

Transformers and Rectifiers (India) Limited makes the giant electrical transformers and reactors that are essential for transmitting electricity from power plants to homes and factories. For example, their power transformers step up voltage at a generating station so power can travel long distances, and their shunt reactors help stabilize voltage on high-voltage transmission lines. They also build specialized transformers for steel plants (furnace transformers), railways (traction transformers), and solar/wind farms. Their customers are mostly large utilities like Power Grid Corporation of India (PGCIL) and state transmission companies, as well as industrial and renewable energy developers. The company earns revenue by selling these custom-engineered products and also through maintenance and service contracts.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 29 Aug 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	572.34	782.67	736.76	460.03	529.33	676.48	559.36	461.54	322.00	512.70	369.35	257.06
	16.31	22.37	4.26	13.92	20.31	6.94	8.96	11.77	4.03	1.30	1.67	1.06
	500.62	685.57	633.23	428.65	459.16	567.43	494.59	409.23	298.25	457.96	350.44	255.11
	455.57	540.27	419.54	467.63	342.74	434.34	380.08	338.94	271.01	288.49	233.51	190.25
	1.60	0.72	2.07	2.28	2.43	6.69	1.79	0.99	0.37	5.83	5.07	9.51
	22.94	38.70	21.77	26.05	19.22	23.55	13.33	12.05	11.14	18.36	10.37	9.52
	14.80	14.37	13.37	12.87	10.47	14.92	13.54	10.48	11.66	10.85	13.22	11.52
	6.82	7.01	8.08	7.27	7.55	7.28	6.49	6.41	6.78	6.03	6.31	6.21
	69.06	91.01	88.34	67.26	78.40	81.44	63.09	58.66	44.16	71.74	45.57	34.32
	88.03	119.47	107.79	45.30	90.48	115.99	73.73	64.08	27.78	56.04	20.58	3.01
	0.00	0.00	0.00	0.00	0.00	3.24	0.00	0.00	0.00	0.00	0.00	0.00
	88.03	119.47	107.79	45.30	90.48	119.23	73.73	64.08	27.78	56.04	20.58	3.01
	23.74	28.08	31.82	7.95	23.02	25.04	18.25	18.17	6.95	14.42	4.86	1.12
	64.29	91.39	75.97	37.35	67.46	94.19	55.48	45.91	20.83	41.62	15.72	1.89
	2.05	3.04	2.46	1.13	2.24	3.17	3.67	3.04	1.40	2.80	1.10	0.12
Key metrics
	109.65	140.85	129.24	65.44	108.50	141.43	93.76	80.97	46.22	72.92	40.11	20.74
	19.20%	18.00%	17.50%	14.20%	20.50%	20.90%	16.80%	17.50%	14.40%	14.20%	10.90%	8.10%
	11.20%	11.70%	10.30%	8.10%	12.70%	13.90%	9.90%	9.90%	6.50%	8.10%	4.30%	0.70%
	—	8.20%	—	4.00%	—	9.70%	—	—	—	—	—	—
	8.10%	15.70%	31.70%	-0.30%	64.40%	31.90%	51.40%	79.50%	—	—	—	—
	-4.70%	-3.00%	36.90%	-18.60%	223.90%	126.30%	252.90%	2,329.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,552	2,509	2,019	1,295	1,381	1,158	742.08	700.95	855.44	723.83
	56.86	60.85	31.70	5.82	8.16	13.26	9.60	15.85	9.65	5.76
	2,248	2,207	1,770	1,236	1,332	1,148	739.15	714.96	856.44	718.85
	1,883	1,770	1,424	895.60	995.72	974.89	534.21	532.49	609.34	577.88
	6.67	7.50	9.84	29.09	49.42	—	—	—	—	—
	109.46	105.74	60.07	47.70	41.18	32.44	28.44	32.36	32.40	33.02
	55.41	51.08	50.60	50.80	47.96	43.59	46.21	45.77	45.97	38.09
	29.18	29.91	26.96	24.73	24.53	16.99	19.34	19.59	18.52	—
	315.67	325.01	247.35	186.04	145.28	131.30	103.66	107.82	103.42	91.53
	360.59	363.04	281.58	64.40	57.07	23.30	12.53	1.84	8.65	10.74
	0.00	0.00	3.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	360.59	363.04	284.82	64.40	57.07	23.30	12.53	1.84	8.65	10.74
	91.59	90.87	68.41	17.39	14.72	9.02	4.88	0.81	3.55	4.33
	269.00	272.17	216.41	47.01	42.35	14.28	7.63	1.05	5.10	6.24
	8.68	9.07	7.21	3.24	3.07	1.06	0.55	0.03	0.34	—
Key metrics
	445.18	444.03	362.38	139.93	129.56	83.88	78.08	67.20	73.14	48.83
	17.45%	17.70%	17.90%	10.80%	9.40%	7.20%	10.50%	9.60%	8.50%	6.70%
	10.54%	10.80%	10.70%	3.60%	3.10%	1.20%	1.00%	0.10%	0.60%	0.90%
	—	25.40%	24.20%	—	—	—	—	—	—	—
	—	24.20%	56.00%	-6.20%	19.20%	56.10%	5.90%	-18.10%	18.20%	—
	—	25.80%	360.30%	11.00%	196.60%	87.20%	626.70%	-79.40%	-18.30%	—
	—	-214.82	-78.22	—	—	—	—	—	—	—
	—	-0.39	0.72	—	—	—	—	—	—	—
	—	0.30	0.22	—	—	—	—	—	—	—
	—	448.51	277.52	—	—	—	—	—	—	—
	—	176.6	90.7	—	—	—	—	—	—	—
Balance sheet
	—	2,666	2,185	—	—	—	—	—	—	—
	—	1,874	1,398	—	—	—	—	—	—	—
	—	8.10	5.27	—	—	—	—	—	—	—
	—	887.34	468.81	—	—	—	—	—	—	—
	—	615.52	444.90	—	—	—	—	—	—	—
	—	53.80	65.90	—	—	—	—	—	—	—
	—	230.48	231.97	—	—	—	—	—	—	—
	—	289.63	411.88	—	—	—	—	—	—	—
	—	1,032	801.22	—	—	—	—	—	—	—
	—	456.61	282.79	—	—	—	—	—	—	—
	—	389.73	201.84	—	—	—	—	—	—	—
	—	66.88	80.95	—	—	—	—	—	—	—
	—	1,543	1,272	—	—	—	—	—	—	—
Cash flow
	—	-105.38	156.58	—	—	—	—	—	—	—
	—	-7.40	-625.11	—	—	—	—	—	—	—
	—	115.61	472.19	—	—	—	—	—	—	—
	—	109.44	234.80	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	559.28	752.33	704.21	428.42	510.53	647.31	545.31	445.93	311.59	500.28	365.30	254.37
	14.28	22.42	5.66	12.39	16.38	7.94	9.05	11.78	4.01	2.30	2.50	1.89
	505.53	675.73	613.90	415.20	445.65	563.12	486.62	398.15	290.82	454.27	349.82	252.13
	451.19	543.40	417.41	466.04	336.15	444.99	381.45	329.24	266.22	297.60	239.74	194.11
	0.31	0.15	0.34	0.77	0.68	1.89	1.79	0.99	0.37	5.82	5.07	9.52
	18.45	29.78	17.61	22.04	15.66	20.62	11.59	10.35	9.73	17.45	9.57	8.81
	14.28	12.62	12.36	10.75	9.19	13.33	13.31	10.27	11.47	11.12	12.98	11.20
	5.06	5.26	5.67	6.00	6.25	6.27	5.91	5.82	6.28	5.54	5.81	5.71
	66.16	97.92	78.30	65.82	69.74	77.68	57.89	55.15	38.78	64.40	39.50	26.69
	68.03	99.02	95.97	25.61	81.26	92.13	67.74	59.56	24.78	48.31	17.98	4.13
	0.00	0.00	0.00	0.00	0.00	3.24	—	—	—	—	—	—
	68.03	99.02	95.97	25.61	81.26	95.37	67.74	59.56	24.78	48.31	17.98	4.13
	18.16	21.55	24.94	8.81	21.11	18.79	17.23	17.45	6.41	12.66	4.58	1.09
	49.87	77.47	71.03	16.80	60.15	76.58	50.51	42.11	18.37	35.65	13.40	3.04
	1.66	2.58	2.37	0.56	2.00	2.58	3.39	2.83	1.28	2.50	0.95	0.23
Key metrics
	87.37	116.90	114.00	42.36	96.70	114.97	86.96	75.65	42.53	64.97	36.77	21.04
	15.60%	15.50%	16.20%	9.90%	18.90%	17.80%	15.90%	17.00%	13.60%	13.00%	10.10%	8.30%
	8.90%	10.30%	10.10%	3.90%	11.80%	11.80%	9.30%	9.40%	5.90%	7.10%	3.70%	1.20%
	—	7.40%	—	2.70%	—	8.40%	—	—	—	—	—	—
	9.50%	16.20%	29.10%	-3.90%	63.80%	29.40%	49.30%	75.30%	—	—	—	—
	-17.10%	1.20%	40.60%	-60.10%	227.40%	114.80%	276.90%	1,285.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,444	2,395	1,950	1,273	1,360	1,123	726.86	683.06	832.82	693.22
	54.75	56.85	32.78	8.69	11.86	18.86	9.82	16.96	10.23	6.95
	2,210	2,150	1,739	1,226	1,323	1,120	725.94	699.31	835.13	693.30
	1,878	1,763	1,422	916.92	1,010	974.39	538.36	538.18	608.50	573.92
	1.57	1.94	5.04	29.09	49.42	—	—	—	—	—
	87.88	85.09	52.29	44.60	38.07	29.87	26.02	29.78	29.82	30.23
	50.01	44.92	48.38	49.76	46.63	42.27	44.92	44.46	44.89	37.87
	21.99	23.20	24.28	22.73	22.57	15.31	17.67	17.93	16.97	14.70
	308.20	311.78	229.50	157.02	126.30	112.65	89.59	91.55	86.72	75.53
	288.63	301.84	244.21	56.09	48.42	20.96	10.74	0.71	7.92	6.87
	0.00	0.00	3.24	—	—	—	—	—	—	—
	288.63	301.84	247.45	56.09	48.42	20.96	10.74	0.71	7.92	6.87
	73.46	76.41	59.88	14.98	11.33	7.93	3.79	0.17	2.97	2.50
	215.17	225.43	187.57	41.11	37.09	13.03	6.95	0.54	4.95	4.37
	7.17	7.51	6.31	3.00	2.80	0.98	0.52	0.04	0.37	—
Key metrics
	360.63	369.96	320.11	128.58	117.62	78.54	73.33	63.10	69.78	59.44
	14.75%	15.40%	16.40%	10.10%	8.60%	7.00%	10.10%	9.20%	8.40%	8.60%
	8.80%	9.40%	9.60%	3.20%	2.70%	1.20%	1.00%	0.10%	0.60%	0.60%
	—	22.90%	22.80%	—	—	—	—	—	—	—
	—	22.80%	53.20%	-6.40%	21.10%	54.40%	6.40%	-18.00%	20.10%	—
	—	20.20%	356.30%	10.80%	184.70%	87.50%	1,187.00%	-89.10%	13.30%	—
	—	-157.30	-42.10	—	—	—	—	—	—	—
	—	-0.26	0.53	—	—	—	—	—	—	—
	—	0.29	0.21	—	—	—	—	—	—	—
	—	418.22	259.62	—	—	—	—	—	—	—
	—	169.9	146.0	—	—	—	—	—	—	—
Balance sheet
	—	2,500	2,047	—	—	—	—	—	—	—
	—	1,774	1,677	—	—	—	—	—	—	—
	—	5.78	0.42	—	—	—	—	—	—	—
	—	853.32	778.84	—	—	—	—	—	—	—
	—	560.88	399.43	—	—	—	—	—	—	—
	—	46.50	0.00	—	—	—	—	—	—	—
	—	126.30	127.85	—	—	—	—	—	—	—
	—	299.59	398.35	—	—	—	—	—	—	—
	—	984.01	747.28	—	—	—	—	—	—	—
	—	424.00	260.04	—	—	—	—	—	—	—
	—	370.92	182.21	—	—	—	—	—	—	—
	—	53.08	77.83	—	—	—	—	—	—	—
	—	1,440	1,210	—	—	—	—	—	—	—
Cash flow
	—	-58.57	98.63	—	—	—	—	—	—	—
	—	-48.76	-542.83	—	—	—	—	—	—	—
	—	112.68	444.45	—	—	—	—	—	—	—
	—	98.73	140.73	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +20.77%
Sales CAGR 5Y: +26.94%
Sales CAGR 10Y: —
Profit CAGR 3Y: +82.50%
Profit CAGR 5Y: +100.54%
Profit CAGR 10Y: —
Sales YoY (TTM): +13.73%
Profit YoY (TTM): -6.18%

Consolidated

Sales CAGR 3Y: +22.02%
Sales CAGR 5Y: +27.59%
Sales CAGR 10Y: —
Profit CAGR 3Y: +85.92%
Profit CAGR 5Y: +104.39%
Profit CAGR 10Y: —
Sales YoY (TTM): +14.60%
Profit YoY (TTM): +2.27%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 64.36%

Holder	Type	Holding	Previous	Change
Jitendra Ujamsi Mamtora	Promoter	31.30%	—	—
Satyen Jitendra Mamtora	Promoter	9.50%	—	—
Janki Aasish Kiri	Promoter	9.50%	—	—
Karunaben Jitendra Mamtora	Promoter	9.50%	—	—
Jitendra Ujamsi Mamtora HUF	Promoter	4.55%	—	—
State Of Wisconsin Investment Board - Alliance Bernstein L.P.	Public	1.22%	—	—
Invesco India Flexi Cap Fund	Public	1.03%	—	—
Aakanksha Satyen Mamtora	Promoter	0.01%	—	—
Dilip Ujamashi Mamtora	Promoter	0.00%	—	—
Bipin Ujamashi Mamtora	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation of Schedule of Investor Meeting as on 24.09.202615 Sep 2026 · Company Update / Analyst / Investor Meet
Investor Meet Intimation14 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Incorporation of UK Subsidiary10 Sep 2026 · Company Update / General
Newspaper Publication - 32nd AGM1 Sep 2026 · Company Update / Newspaper Publication
Newspaper Publication - Postal Ballot1 Sep 2026 · Company Update / Newspaper Publication
Revised Press Release - Landmark Order31 Aug 2026 · Company Update / Press Release / Media Release (Revised)
Press Release Landmark Order29 Aug 2026 · Company Update / Press Release / Media Release
We send herewith BRSR FY 2025-2629 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
We send herewith Annual Report FY 2025-2629 Aug 2026 · Others / Reg. 34 (1) Annual Report
Record Date for Dividend for 32nd AGM29 Aug 2026 · Corp. Action / Dividend
We send herewith Notice of 32nd AGM29 Aug 2026 · AGM/EGM / AGM
Order received from MEIL29 Aug 2026 · Company Update / Award of Order / Receipt of Order
Notice of Postal Ballot29 Aug 2026 · AGM/EGM / Postal Ballot
We send herewith Intimation of Postal Ballot29 Aug 2026 · AGM/EGM / Postal Ballot
We send herewith Outcome of Board Meeting as of 27.08.202627 Aug 2026 · Company Update / General
Intimation of Schedule of Investor Meeting as on 20.08.202617 Aug 2026 · Company Update / Analyst / Investor Meet
Order received from APTRANSCO14 Aug 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Schedule of Investor Meeting - 13 August, 20267 Aug 2026 · Company Update / Analyst / Investor Meet
We request you to take a note of Extension of holding of 32nd AGM4 Aug 2026 · Company Update / General
Earning Call Transcript - Q1 - FY 2026-2725 Jul 2026 · Company Update / Earnings Call Transcript
Newspaper Publication - UFR - 30.06.202622 Jul 2026 · Company Update / Newspaper Publication
Audio Recording of Earning Conference Call held on 21st July, 202621 Jul 2026 · Company Update / Analyst / Investor Meet
Audio Recording of Earning Conference Call held on 21st July, 202621 Jul 2026 · Company Update / Analyst / Investor Meet
Monitoring Agency Report as of 30.06.202620 Jul 2026 · Company Update / Monitoring Agency Report
Investor Presentation for UFR 30.06.202620 Jul 2026 · Company Update / Investor Presentation
Press Release for UFR as of 30.06.202620 Jul 2026 · Company Update / Press Release / Media Release
Unaudited financial result as of 30th June 202620 Jul 2026 · Result / Financial Results
Outcome of Board Meeting and Submission of Unaudited Standalone and Consolidated Financial Results of the Company as of 30th June, 2026 pursuant to Regulation 33 of the SEBI (Listing Obligations ....20 Jul 2026 · Board Meeting / Outcome of Board Meeting
TARIL has arranged earnings conference call to discuss the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 30th June, 2026, on Tuesday, 21st ....16 Jul 2026 · Company Update / Analyst / Investor Meet
Compliance -Certificate under Reg. 74(5) of SEBI (DP) Regulations 2018 as of 30th June, 2026 as received from RTA.15 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Credi Rating - Bank Loan Facillities13 Jul 2026 · Company Update / Credit Rating
Transformers And Rectifiers (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/07/2026 ,inter alia, to consider and approve the Unaudited ....13 Jul 2026 · Board Meeting / Board Meeting
Intimation of Order - PGCIL30 Jun 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Closure of Trading Window - 30.06.202626 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Evoting Result of Postal Ballot23 May 2026 · AGM/EGM / Postal Ballot
Annual Secretarial Compliance Report for the financial year ending 31st March 2026.22 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
We have received Order from GETCO of Rs. 228.26 Crore22 May 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Order received amounting to Rs. 175 Crore19 May 2026 · Company Update / Award of Order / Receipt of Order
Earning Call Transcript for audited financial result as of 31.03.202627 Apr 2026 · Company Update / Earnings Call Transcript
Export Order Received.27 Apr 2026 · Company Update / Award of Order / Receipt of Order

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.2500	18 Sep 2026	18 Sep 2026	—
Final Dividend - Rs. - 0.2000	9 May 2025	9 May 2025	—
Bonus issue 1:1	14 Feb 2025	14 Feb 2025	—

Board meetings

20 Jul 2026 Board Meeting - Financial Results