Transformers and Rectifiers (India)

₹312.65As of Sun 8 Nov 2026, 12:00 UTC

NSE:TARILIndustrials

Country India

PE (Fwd) 27.33

TSR 10Y CAGR 33.72%

Div yield 0.08%

ROE —

Electrical Equipment & Parts

Beta (5Y) (0.31)

PE TTM 35.50

TSR TTM (29.74%)

Mkt cap ₹93.02B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹359

14.69%

(83.74%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

25.41

Revenue₹B

—

11.62

13.96

12.95

20.20

25.41

29.09

21.61%

25.77

Revenue growth%

—

20.16

(7.26)

56.03

25.77

14.49

22.97

—

32.81

Gross margin%

—

20.09

22.64

27.95

30.97

32.81

32.89

27.95

15.16

Operating margin%

—

4.94

6.91

8.45

14.91

15.16

15.22

8.45

10.41

Net margin%

—

1.20

2.92

3.44

10.61

10.41

10.46

3.44

35.50

P/E ratio (avg)x

—

29.48

19.06

46.82

57.77

35.10

30.84

35.10

24.37

EV/EBITx

—

7.185

8.053

19.05

41.11

24.10

21.20

19.05

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

8.81

EPS₹

—

0.53

1.54

1.62

7.21

8.81

10.14

102.14%

—

22.12

EPS growth%

—

191.26

5.53

344.81

22.12

15.08

106.69

—

Bookvalue per sh₹

—

FCF per share₹

—

0.25

Dividend per sh₹

—

0.07

0.10

0.20

0.25

0.27

35.12%

—

0.08

Div yield (avg)%

—

0.48

0.26

0.13

0.05

0.08

0.09

0.13

2.84

Payout ratio%

—

14.22

4.89

6.17

2.77

2.84

2.68

4.89

300.2

Shares (diluted)M

—

265.1

274.4

297.1

300.2

◌300.2

3.15%

(1.04)

Buyback yield%

—

(3.50)

(8.26)

(1.04)

◌—

(2.27)

—

D/E ratiox

—

93.85

Enterprise value₹B

—

4.123

7.764

20.83

123.8

92.80

93.85

117.81%

—

LT debt₹M

—

Peers (US$982.2M)

Cap (US$)

Quality Power Electric…

1.131B

70.13x

Voltamp Transformers…

1.048B

30.45x

Genus Power Infrastruc…

842.4M

12.20x

Changzhou Kaidi…

984.7M

—

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

11.04

2.855

Own earn%

—

Sh yield%

(0.96)

(2.17)

Owners

Insiders/Inst%

64.36

11.01

Short interest%

—

SBC / revenue%

0.71

Record

10Y

Profitable years

5/5

Revenue growth years

3/4

EPS growth years

4/4

Dividend streakyrs

Op margin range%

5–15

$1 testx

—

Incr. ROIC%

—

Transformers and Rectifiers (India) Limited, together with its subsidiaries, manufactures and sells transformers in India.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹25.41B

21.61%

1.00×

Cost of revenue

₹17.07B

16.45%

0.84×

Operating expenses

₹4.484B

26.34%

1.17×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m