Transformers and Rectifiers (India) Ltd
Transformers and Rectifiers (India) Ltd (TARIL) is scheduled to report results on 13 Oct 2026. Transformers and Rectifiers (India) Ltd last reported results for the quarter ended Jun 2026, with sales of ₹572 crore and net profit of ₹64 crore. The stock last traded at ₹282, a market capitalisation of ₹8,471 crore, on a P/E of 32.7. Over the past 52 weeks the stock has ranged between ₹224 and ₹500. Figures are as of 6 Oct 2026 and are not real time.
Transformers and Rectifiers (India) Ltd share price and key metrics
- Current price
- ₹282
- Market cap
- ₹8,471 cr
- Stock P/E
- 32.7
- Book value
- ₹50.5
- ROE
- 19.1%
- ROCE
- 23.3%
- Dividend yield
- 0.09%
- 52w high / low
- 500/224
Metrics as of 6 Oct 2026. Not real time.
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Transformers and Rectifiers (India) Ltd growth and returns
- 10 Years
- 14%
- 5 Years
- 28%
- 3 Years
- 22%
- TTM
- 15%
- 10 Years
- 44%
- 5 Years
- 106%
- 3 Years
- 87%
- TTM
- 0%
- 10 Years
- 32%
- 5 Years
- 80%
- 3 Years
- 49%
- 1 Year
- -42%
- 10 Years
- 12%
- 5 Years
- 16%
- 3 Years
- 19%
- Last Year
- 19%
Transformers and Rectifiers (India) Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹572 cr, up 8.1% from ₹529 cr a year earlier. Net profit was ₹64 cr, down 4.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 462 | 559 | 676 | 529 | 460 | 737 | 783 | 572 |
| Expenses | 392 | 475 | 545 | 441 | 409 | 612 | 664 | 479 |
| Operating profit | 69 | 85 | 131 | 88 | 52 | 125 | 118 | 93 |
| OPM % | 15% | 15% | 19% | 17% | 11% | 17% | 15% | 16% |
| Other income | 12 | 9 | 10 | 20 | 14 | 4 | 22 | 16 |
| Interest | 10 | 14 | 15 | 10 | 13 | 13 | 14 | 15 |
| Depreciation | 6 | 6 | 7 | 8 | 7 | 8 | 7 | 7 |
| Profit before tax | 64 | 74 | 119 | 90 | 45 | 108 | 119 | 88 |
| Tax % | 28% | 25% | 21% | 25% | 18% | 30% | 24% | 27% |
| Net profit | 46 | 55 | 94 | 67 | 37 | 76 | 91 | 64 |
| EPS (₹) | 1.51 | 1.82 | 3.14 | 2.24 | 1.13 | 2.46 | 2.97 | 2.05 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Transformers and Rectifiers (India) Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 821 | 716 | 855 | 701 | 742 | 1,158 | 1,396 | 1,291 | 2,017 | 2,507 | 2,552 |
| Operating profit | 87 | 65 | 61 | 51 | 69 | 74 | 121 | 134 | 327 | 383 | 388 |
| OPM % | 11% | 9% | 7% | 7% | 9% | 6% | 9% | 10% | 16% | 15% | 15% |
| Net profit | 24 | 6 | 5 | 1 | 8 | 14 | 42 | 47 | 216 | 272 | 269 |
| EPS (₹) | 0.88 | 0.20 | 0.17 | 0.02 | 0.27 | 0.53 | 1.54 | 1.56 | 7.14 | 8.81 | 8.61 |
TTM is the trailing twelve months to the most recent quarter.
Transformers and Rectifiers (India) Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 30 | 30 |
| Reserves | 312 | 317 | 322 | 323 | 330 | 343 | 381 | 540 | 1,222 | 1,485 |
| Borrowings | 209 | 399 | 263 | 308 | 263 | 325 | 330 | 256 | 283 | 457 |
| Other liabilities | 341 | 358 | 281 | 289 | 319 | 428 | 463 | 359 | 652 | 696 |
| Total liabilities | 876 | 1,088 | 880 | 933 | 925 | 1,109 | 1,187 | 1,170 | 2,187 | 2,667 |
| Fixed assets | 187 | 195 | 201 | 193 | 181 | 168 | 153 | 144 | 251 | 250 |
| CWIP | 6 | 12 | 3 | 2 | 0 | 3 | 3 | 5 | 62 | 138 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 268 | 184 |
| Other assets | 682 | 881 | 676 | 738 | 744 | 936 | 1,030 | 1,017 | 1,605 | 2,094 |
| Total assets | 876 | 1,088 | 880 | 933 | 925 | 1,109 | 1,187 | 1,170 | 2,187 | 2,667 |
As reported by the company. Total assets equal total liabilities by construction.
Transformers and Rectifiers (India) Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 66 | -102 | 179 | 16 | 96 | 2 | 28 | 29 | 157 | -105 |
| Cash from investing | -24 | -31 | -8 | -15 | -7 | -8 | 9 | -22 | -621 | -7 |
| Cash from financing | -61 | 145 | -182 | 2 | -93 | 17 | -45 | -10 | 468 | 116 |
| Net cash flow | -18 | 12 | -11 | 3 | -4 | 11 | -7 | -3 | 4 | 3 |
| Free cash flow | 55 | -132 | 163 | 7 | 91 | -6 | 19 | 14 | -78 | -215 |
| CFO / operating profit | 78% | -152% | 296% | 37% | 140% | 4% | 34% | 38% | 58% | 2% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Transformers and Rectifiers (India) Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15% | 9% | 8% | 8% | 9% | 10% | 15% | 15% | 28% | 23% |
| Debtor days | 166 | 256 | 161 | 218 | 205 | 164 | 166 | 174 | 85 | 129 |
| Inventory days | 120 | 182 | 109 | 153 | 147 | 104 | 93 | 109 | 118 | 133 |
| Days payable | 149 | 203 | 114 | 161 | 179 | 129 | 118 | 95 | 109 | 62 |
| Cash conversion cycle | 138 | 235 | 156 | 210 | 173 | 139 | 141 | 188 | 94 | 200 |
| Working capital days | 63 | 57 | 55 | 73 | 94 | 60 | 68 | 119 | 34 | 80 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Transformers and Rectifiers (India) Ltd shareholding pattern
Promoters held 64.36% at Jun 2026, broadly unchanged since Jun 2025. FIIs 7.80% and DIIs 1.54%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 66.16% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% |
| FIIs | 9.34% | 11.08% | 11.33% | 10.94% | 11.21% | 7.01% | 8.33% | 7.80% |
| DIIs | 6.93% | 7.68% | 7.22% | 6.04% | 5.95% | 4.18% | 1.77% | 1.54% |
| Public | 17.57% | 16.88% | 17.07% | 18.67% | 18.47% | 24.43% | 25.54% | 26.32% |
| No. of shareholders | 90,218 | 99,687 | 1,45,463 | 1,81,103 | 1,79,367 | 2,06,060 | 2,11,907 | 2,15,267 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When is Transformers and Rectifiers (India) Ltd’s next results date?
Transformers and Rectifiers (India) Ltd’s next results are scheduled for 13 Oct 2026.
- Board meetingApproval of unaudited financial results for Q2 and half-year ended 30th September 2026
- Earnings resultsQ2FY27 & H1FY27 earnings results
See the full results calendar for every Indian company reporting in the next 30 days.
Transformers and Rectifiers (India) Ltd corporate filings
- Certificate received from RTA - Reg 74 (5) of SEBI (DP) Regulation - 30.09.2026Company Updatelow impact
- Transformers and Rectifiers (India) Ltd to hold Q2 FY 2026-27 earnings call on October 6, 2026Company Updatelow impact
Cruxal's analysis: The company has announced an analyst/investor meet scheduled for October 6, 2026, to…
Read the full analysis - Transformers and Rectifiers (India) Limited schedules board meeting to approve September 2026 quarter results, indicating upcoming financial disclosuresBoard Meetinglow impact
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Read the full analysis - Transformers and Rectifiers (India) Limited secures large order from Gujarat Energy Transmission Corporation Limited (GETCO) for manufacturing and supply of high-value electrical equipment, with delivery scheduled within 24-30 monthsCompany Updatehigh impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited announced receipt of a significant domestic…
Read the full analysis - Transformers and Rectifiers (India) Limited secures large domestic order from Damodar Valley Corporation for manufacturing and supply of 500MVA and 200MVA auto transformers, scheduled for delivery within 15 to 28 monthsCompany Updatehigh impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has announced the receipt of a significant…
Read the full analysis - Transformers and Rectifiers (India) Limited Receives Shareholder Approval for QIP Proceeds ReallocationAGM/EGMlow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has secured shareholder approval via postal…
Read the full analysis - Intimation of Closure of Trading Window - 30.09.2026Insider Trading / SASTlow impact
- Transformers and Rectifiers (India) Limited Announces Successful Conclusion of 32nd Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has successfully concluded its 32nd Annual…
Read the full analysis - Transformers and Rectifiers (India) Limited concludes 32nd Annual General Meeting; declares dividend of 0.25 INR per shareAGM/EGMlow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has successfully concluded its 32nd Annual…
Read the full analysis - Transformers and Rectifiers (India) Ltd schedules investor meeting for September 24, 2026Company Updatelow impact
Cruxal's analysis: Transformers and Rectifiers (India) Ltd has announced an intimation for an investor…
Read the full analysis - Transformers and Rectifiers (India) Ltd schedules investor meetCompany Updatelow impact
Cruxal's analysis: Transformers and Rectifiers (India) Ltd has issued an intimation regarding an upcoming…
Read the full analysis - Transformers and Rectifiers (India) Ltd incorporates new subsidiary in the United KingdomCompany Updatemedium impact
Cruxal's analysis: Transformers and Rectifiers (India) Ltd has announced the incorporation of a new…
Read the full analysis - Transformers and Rectifiers (India) Limited announces 32nd AGM, dividend record date, and e-voting scheduleCompany Updatelow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has scheduled its 32nd Annual General Meeting…
Read the full analysis - Transformers and Rectifiers (India) Ltd announces newspaper publication regarding Postal BallotCompany Updatelow impact
Cruxal's analysis: The company has published a notice in newspapers concerning a Postal Ballot process. This…
Read the full analysis - Transformers and Rectifiers (India) Limited Secures Maiden Nuclear Power Sector Order from NPCILCompany Updatehigh impact
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Read the full analysis - Transformers and Rectifiers (India) Limited secures maiden order from NPCIL for Kaiga nuclear power projectCompany Updatehigh impact
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Read the full analysis - Transformers and Rectifiers (India) Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Transformers and Rectifiers (India) Ltd has submitted its Business Responsibility and…
Read the full analysis - Transformers and Rectifiers (India) Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Transformers and Rectifiers (India) Ltd has submitted its Annual Report for the financial…
Read the full analysis - Transformers and Rectifiers (India) Limited Announces Record Date and AGM Schedule for FY 2025-26Corp. Actionlow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has formally notified the exchanges regarding…
Read the full analysis - Transformers and Rectifiers (India) Limited Announces 32nd AGM and Dividend DeclarationAGM/EGMlow impact
Cruxal's analysis: Transformers and Rectifiers (India) Limited has issued a notice for its 32nd Annual…
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