Transformers & Rectifiers India Ltd Share Price

Capital Goods - Electrical Equipment

NSE: TARIL Small Cap ISIN: INE763I01026

As on 21 June 2025 at 02:12 IST

₹492.85

+ 18.85

(3.98%)

Sell Buy

Transformers and Rectifiers Ltd Q4 and Full-Year FY25 Results:

Net profit more than doubled to ₹94.2 crore, up from ₹41.6 crore in the same period last year. Total income increased about 33% to ₹683.4 crore on a yearly basis, compared to ₹514 crore in Q4 FY24. For the financial year 2025, the company reported a net profit of ₹216.4 crores and a total income of ₹2051.1 crores, compared with ₹470.1 crores and ₹1300.5 crores recorded last year respectively.

About Transformers & Rectifiers India Ltd

Transformers & Rectifiers India Ltd. was established in the year 1994 and has emerged as a major player in the electrical equipment industry. Headquartered in the city of Gurugram, Haryana, the company has built its reputation through a comprehensive portfolio of transformer products. T&R India has built its reputation through a comprehensive portfolio of transformer products. Their manufacturing capabilities span power transformers up to 500 MVA and 1200 kV. Transformers & Rectifiers India Ltd. has also adapted to emerging market needs by developing speciality transformers for locomotive traction and solar farms. +

Over 1 Month

-3.94%

Over 6 Months

-10.36%

Over 1 Year

27.10%

Over 3 Years

3765.49%

Transformers & Rectifiers India Ltd Summary

Close ₹492.85

Open ₹475

High ₹499

Low ₹469

Volume 11,58,227

Net Turnover (in Cr) ₹56.08

52Wk High ₹648.90

52Wk Low ₹300.75

52Wk High / Low

300.75

648.90

Transformers & Rectifiers India Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹14,793.67

EPS (TTM) 5.83

Book Value (BV) 40.33

Div. Yield 0.04 %

P/E (TTM) 78.81

Price/Book Value 12.21

Delivery % 61.07 %

Face Value 1

Key Ratios

PE Ratio 85.75

PB Ratio 13.29

EV to Sales 8.30

PEG Ratio 0.73

ROA 12.66

ROE 21.44

Debt-Equity 0.29

Net Profit Margin 9.62

Operating Profit Margin 16.41

Transformers & Rectifiers India Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	2,051.08	1,300.49	1,404.66	1,171.55	751.68
Total Expenses	1,769.48	1,236.10	1,347.59	1,148.25	739.16
Profit Before Tax	284.85	64.39	57.07	23.30	12.51
Profit After Tax	216.44	47.01	42.35	14.28	7.63
Operating Profit After Depreciation	332.20	115.19	105.04	66.89	58.74

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	251.18	145.24	153.09	171.26	180.91
Total Non Current Assets	786.92	179.72	196.01	200.35	213.70
Total Current Assets	1,398.06	988.58	989.68	908.96	710.93
Total Assets	2,184.98	1,168.30	1,185.68	1,109.31	924.63
Total Shareholder's Fund	1,251.92	554.43	394.13	356.53	342.92

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	156.58	29.14	28.39	1.89	96.43
Net Cash Used In Investing Activities	-625.11	-22.44	9.16	-8.01	-6.96
Net Cash Used In Financing Activities	472.19	-9.85	-44.88	17.21	-93.08

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	1,982.92	1,282	1,386.85	1,141.44	736.68
Total Expenses	1,738.71	1,225.92	1,338.43	1,120.48	725.94
Profit Before Tax	247.45	56.09	48.42	20.96	10.74
Profit After Tax	187.57	41.11	37.08	13.03	6.95
Operating Profit After Depreciation	292.58	105.84	95.05	63.23	55.66

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	144.02	129.02	135.56	152.30	161.59
Total Non Current Assets	705.96	462.34	182.59	189.25	203.94
Total Current Assets	1,341.10	666.79	965.87	884.43	691.10
Total Assets	2,047.06	1,129.13	1,148.46	1,073.68	895.04
Total Shareholder's Fund	1,210.42	539.39	382.47	347.23	334.56

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	98.62	40.81	26.74	-5.88	94.58
Net Cash Used In Investing Activities	-542.83	-34.74	5.51	-3.89	-5.59
Net Cash Used In Financing Activities	444.46	-6.33	-42.24	20	-92.69

Particulars (in ₹ Cr.)	2025-03	2024-12	2024-09	2024-06	2024-03
Total Revenue	676.48	559.36	461.54	322	512.70
Total Expenses	545.22	474.55	392.34	279.81	441.08
Profit Before Tax	119.24	73.74	64.08	27.78	56.04
Profit After Tax	94.20	55.49	45.91	20.83	41.62
Operating Profit after Depreciation	138.20	93.77	80.97	46.22	72.92

Particulars (in ₹ Cr.)	2025-03	2024-12	2024-09	2024-06	2024-03
Total Revenue	647.31	545.31	445.93	311.59	500.28
Total Expenses	543.52	467.40	382.07	273.07	437.61
Profit Before Tax	95.37	67.74	59.55	24.78	48.31
Profit After Tax	76.59	50.51	42.10	18.37	35.65
Operating Profit after Depreciation	111.73	86.96	75.64	42.53	64.97

Transformers & Rectifiers India Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 466.42

S2 458.83

S3 446.67

Pivot 478.58

R1 486.17

R2 498.33

R3 505.92

Moving Average

20 SMA 512.06

50 SMA 513.15

100 SMA 473.96

200 SMA 464.35

Transformers & Rectifiers India Ltd Corporate Actions

Transformers & Rectifiers India Ltd

₹0.2/Share

Announcement Date 09 May 2025

Record Date 09 May 2025

Div Yield 20%

AGM Date: 01 Aug 2022

28th Annual General Meeting will be held on Monday, 1st August, 2022 at 11:00 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM). (As Per BSE Bulletin Dated on 04.07.2022) The 28th Annual General Meeting of the Company will be held on Monday, 1st August, 2022 at 11:00 a.m. through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM'). With reference to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we send herewith 28th Annual Report for the financial year 2021-22. Please take the same on your record. We send herewith details regarding Book Closure, Cut-off date and period of e-Voting for 28th Annual General Meeting. Please take the same on your record. (As Per BSE Announcement dated on 08.07.2022) Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclosed herewith the copies of newspaper advertisement published on 22nd July, 2022, of the newspapers ''Financial Express'' (English Newspaper) and ''Financial Express'' (Gujarati Newspaper), regarding Corrigendum to the Notice of 28th Annual General Meeting . Please take the same on your record. (As Per BSE Announcement Dated on 22.07.2022) Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we send herewith voting result of 28th Annual General Meeting of the Company held on Monday, 1st August, 2022 through Video Conferencing (VC). The Company had appointed Mr. Tapan Shah, Practicing Company Secretary as Scrutinizer to scrutinize Remote e-Voting process and e-Voting at AGM. We also send herewith the Scrutinizer's Report received from Mr. Tapan Shah. Request you to take the same on your records. (As Per BSE Announcement Dated on 02.08.2022)

AGM Date: 31 Jul 2023

We send herewith Outcome of Meeting of Board of Director of the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 held on 4th May, 2023 29th Annual General Meeting will be held on Monday, 31st July, 2023 at 11:00 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM). Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Register of Member and Share Transfer Books of the Company will remain closed from 29th July, 2022 to 31st July, 2023 (Both days inclusive) for taking record of the Members of the Company for the purpose of 29th Annual General Meeting to be held on 31st July, 2023 and also for Dividend. Those members who are holding shares as on 28th July, 2023 will be eligible for the Dividend We send herewith Intimation of 29th Annual General Meeting and Annual Report for the financial year 2023-24. Please take the same on your record. (As Per BSE Announcement Dated on 07.07.2023) We send herewith Outcome of 29th AGM (As per BSE Announcement Dated on 31/07/2023) We send herewith 29th AGM Voting Result along with Scrutinizer''s Report (As per BSE Announcement Dated on 01/08/2023)

AGM Date: 13 May 2024

30th Annual General Meeting will be held on Monday, 13th May, 2024 at 11:00 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM). We send herewith 30th Annual General Meeting Notice and Annual Report for the financial year ended 2023-24 and other related matter (As Per BSE Announcement Dated on: 20/04/2024) We send herewith Newspaper Advertisement for 30th AGM. (As Per BSE Announcement Dated on 24.04.2024) We send herewith Corrigendum to the Notice of 30th AGM and updated Annual Report for the financial year 2023-24. (As Per BSE Announcement Dated on 01.05.2024) Newspaper Advertisment of Corrigendum of Notice of 30th AGM was publised as of 2nd May, 2024 (As Per BSE Announcement Dated on 06.05.2024) We send herewith Voting Results of 30th AGM along with Scrutinizer Report (As per BSE Announcement Dated on 13/05/2024)

AGM Date: 13 May 2025

We would like to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia, considered, recommended and approved the matters mentioned in the Outcome Tuesday, 06th May, 2025 as the 'Cut-off Date' for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM. We send herewith seperate Corporate Action Intimation regarding Dividend and AGM. The 31st Annual General Meeting ('AGM') of the members of the Company will be held on Tuesday,13th May, 2025 at 11:00 a.m. through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM'). The Company has fixed: a. Friday, 09th May, 2024 as the 'Record Date' for the purpose of determining the members eligible to receive dividend or the financial year 2024-25. Dividend, if declared at the AGM, will be paid within a week from the conclusion of the AGM; and b. Tuesday, 06th May, 2025 as the 'Cut-off Date' for the purpose of determining the members eligible to vote on the resolutions at the AGM. The Register of Members and Share Transfer Register will remain closed from Saturday, 10th May, 2025 to Tuesday, 13th May, 2025 (both day inclusive) for the above mentioned purpose (As Per BSE Announcement Dated on 10.04.2025) We send herewith Notice of 31st AGM along with Annual Report for the FY 2024-25 We send herewith Annual Report for the financial year ended 2024-25 (As Per BSE Announcement Dated on 21.04.2025) We send herewith Revised Annual Repoort for the financial year 2024-25 (As Per BSE Announcement Dated on 23.04.2025) We send herewith Proceedings/Outcome of 31st AGM We send herewith Voting Result of 31st AGM (As Per BSE Announcement Dated on 13.05.2025)

EGM Date: 06 Oct 2023

Approval of Notice of Extra Ordinary General Meeting ('EGM') of the Company to be held on Friday, 6t October, 2023 through VC/OA VM, to seek necessary approvals of the members/shareholders for the above mentioned two matter. We send herewith Intimation of EGM, Cut-off date and period of e-voting. Please take the same on your record (As Per BSE Announcement Dated on 13/09/2023) With ref to EGM Intimation, time of EGM has been wrongly written as 11:00 a.m. instead of 10:00 a.m. Please take the same on your record. We send herewith Newspaper Advt for EGM and evoting (As Per BSE Announcement Dated on 14/09/2023) Outcome of EGM held today i.e 6th October, 2023 We send herewith Voting Result and Scrutinizer'' S Report for EGM held today i.e Friday, 06.10.2023. (As Per BSE Announcement Dated on 06.10.2023)

EGM Date: 03 Feb 2025

Board of Directors at its Meeting held on today were considered, discuss, recommended and approved the following matters: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine month ended 31st December, 2024. 2. Issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) Bonus Equity Share of Re. 1/- (Rupee One) each for every 1 (One) existing Equity Share of Re. 1/- (Rupee One) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders. Details for issue of bonus equity shares in terms of SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11,2024, is attached as Annexure - A. 3. Alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA). Brief of alteration in MoA in terms of SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is attached as Annexure - B. 4. Issuance of Equity Shares through Qualified Institutional Placement (QIP) for an amount not exceeding Rs. 750 Crores (Rupees Seven Hundred Fifty Crores), subject to the approval of shareholders. Details for issue of bonus equity shares in terms of SEBI Circular SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is attached as Annexure - C. 5. Alteration of Articles of Association with respect to removal of Common Seal Clause. Brief of alteration in AoA in terms of SEBI Circular SEBI /HO /CFD /PoD2 /CIR /P /0155 dated November 11, 2024 6. Approval of Notice of Extra Ordinary General Meeting ('EGM') of the Company to be held on Monday, 3rd February, 2025 through Video Conferencing/ Other Audio Visual Means, to seek necessary approvals of the members/shareholders for the above mentioned matters. The copy of EGM Notice will be submitted in due course. Intimation of EGM to be held on 03.02.2025. (As Per BSE Announcement Dated on 09.01.2025) We send herewith Voting Result of EGM held on 03.02.2025 (As Per BSE Announcement dated on 03.02.2025)

Transformers & Rectifiers India Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
ABB India Ltd	₹5,968.70	₹1,26,481.75
Siemens Ltd	₹3,215.15	₹1,14,498.08
CG Power & Industrial Solutions Ltd	₹688.45	₹1,05,269.44
Bharat Heavy Electricals Ltd	₹250.40	₹87,190.87
Suzlon Energy Ltd	₹63.30	₹85,993.06

Transformers & Rectifiers India Ltd Top Mutal Funds Invested

Fund Name	AUM
HSBC Large and Mid Cap Fund	2.76%
HSBC Multi Asset Allocation Fund	2.10%
Motilal Oswal Small Cap Fund	1.92%
HSBC Midcap Fund	1.68%
Invesco India Infrastructure Fund	1.49%

Transformers & Rectifiers India Ltd News

Transformers and Rectifiers (India) bags export order

Worth USD 16,645,724.00/-

20 Jun 2025, 04:13 pm

Transformers and Rectifiers ends higher after bagging export order worth $16.65 million

Transformers and Rectifiers (India) jumped 4.70% to Rs 496.40 after the company announced that it has bagged an export order worth $16.645 million from Jindal Energy Botswana.

20 Jun 2025, 04:05 pm

Transformers and Rectifiers (India) receives upgrade in credit ratings

From India Ratings and Research

13 Jun 2025, 12:41 pm

Board of Transformers & Rectifiers India recommends final dividend

Of Rs 0.2 per share

08 Apr 2025, 05:31 pm

Transformers & Rectifiers India AGM scheduled

On 13 May 2025

08 Apr 2025, 05:31 pm

Transformers & Rectifiers India Ltd Stock Analysis

Annual revenue for Transformers & Rectifiers India Ltd increased by 54.67% to ₹1,982.92 crore in FY 2025 from ₹1,282 crore in FY 2024.
Annual Net Profit for Transformers & Rectifiers India Ltd increased by 356.26% to ₹187.57 crore in FY 2025 from ₹41.11 crore in FY 2024.
Promoter Shareholding in Transformers & Rectifiers India Ltd remains unchanged by 0.00% in the most recent quarter, from 64.36% in February 2025 to 64.36% in March 2025.
Transformers & Rectifiers India Ltd delivered a 1-year return of 27.10% compared to the Nifty 50, which provided a return of 6.56% as of the last trading session.
Transformers & Rectifiers India Ltd share price moved up by 3.98% from its previous close of INR ₹474. The latest Transformers & Rectifiers India Ltd share price is INR ₹492.85.
Transformers & Rectifiers India Ltd share price today has been at a low of 469 and a high of 499. Over the past 52 weeks, the Transformers & Rectifiers India Ltd share price has seen a low of 300.75 and a high of 648.90.

About Transformers & Rectifiers India Ltd

Transformers & Rectifiers India Ltd. was established in 1994 and has emerged as a major player in the electrical equipment industry. Headquartered in Gurugram, Haryana, the company has built its reputation through a comprehensive portfolio of transformer products.
T&R India has built its reputation through a comprehensive portfolio of transformer products. Their manufacturing capabilities span power transformers up to 500 MVA and 1200 kV class, furnace transformers for electric arc furnaces, and distribution transformers for power networks. The company has also adapted to emerging market needs by developing speciality transformers for locomotive traction and solar farms. T&R is even diving into solutions like mobile substations for temporary power supply and transformers for green hydrogen.
The top promoters of Transformers & Rectifiers India Ltd are Jitendra Ujamsi Mamtora (Chairman & Wholetime Director) and Satyen Jitendra Mamtora (Managing Director). They own 31.30% and 9.50% of the total equity each. Apart from them, there are many other managerial promoters who have contributed to the success of the company. They are –

Karuna J Mamtora
Rajendra S Shah
Tanvi V Rangwala
Subir Kumar Das

Despite not being the leader in terms of market share or cap, T&R India maintains a strong presence in both domestic and international markets. The company is publicly listed on both the National Stock Exchange and the Bombay Stock Exchange. This reflects its commitment to transparent corporate governance.
The registered office of Transformers & Rectifiers India Ltd. is located at Sarkhej-Bavla Highway, Moraiya, Ahmedabad District, Gujarat. This strategic location has helped the company contribute to India's electrical infrastructure development. Meanwhile, the registrars are based in L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra.
Overall, through steady leadership and technical expertise, T&R India has established itself as a reliable manufacturer in the electrical equipment sector.

From Startup to Power Player - T&R India's Decade Journey in Transformer Manufacturing

Transformers & Rectifiers India Ltd. (T&R India) has carved a significant niche for itself in the electrical equipment industry over the past decades. Since its inception in 1994, the company has grown from a humble startup to a power player in transformer manufacturing. This journey is a testament to the company's dedication to quality and customer satisfaction. Let us explore the evolution of T&R India, highlighting its key milestones and contributions to the industry.
T&R India was founded in 1994 with a vision to provide high-quality transformers to meet the growing energy needs of India. The company's initial years were marked by challenges typical of any startup, including limited resources and stiff competition. However, the founders, led by Mr. Jitendra Mamtora, were determined to succeed. They focused on building a strong foundation based on technical expertise and a commitment to excellence.
As the demand for electricity grew in India, so did the need for reliable transformers. T&R India recognized this opportunity and began expanding its product portfolio. The company started manufacturing a wide range of transformers, including power transformers, distribution transformers, and speciality transformers such as furnace transformers. This diversification allowed T&R India to cater to various industries, including utilities, industrial, and commercial sectors.
Quality has always been at the core of T&R India's operations. The company implemented quality control measures at every stage of the manufacturing process. This is to ensure that its products meet the highest standards. T&R India's manufacturing facilities are equipped with advanced technology. This has enabled the company to produce transformers that are not only efficient but also reliable.
T&R India's commitment to quality and innovation paid off. The company quickly gained a reputation for delivering reliable transformers. This reputation helped it establish a strong market presence both domestically and internationally. T&R India's products were well-received in various countries, including the USA, UK, and the Middle East. The company's ability to cater to diverse markets further strengthened its position in the global transformer manufacturing industry.
At the heart of T&R India's success is its unwavering focus on customer satisfaction. The company places great emphasis on understanding the unique needs and challenges of its clients. Accordingly, it delivers tailored solutions that drive business value. T&R India's customer-centric approach is reflected in its high client retention rates and long-term partnerships with leading organizations. By prioritizing customer success, T&R India has built a reputation for reliability and excellence.
Looking ahead, T&R India aims to continue its growth trajectory by expanding its product offerings and exploring new markets. The company plans to invest in research and development. This is to further enhance its capabilities and stay at the forefront of technological advancements. T&R India is also exploring opportunities in emerging markets and renewable energy applications. This is to diversify its portfolio and contribute to the global energy transition.
From its humble beginnings as a startup in 1994 to its current status as a power player in the transformer manufacturing industry, T&R India's journey is a remarkable story of perseverance, innovation, and success.