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Transformers and Rectifiers (India) Limited (TARIL.NS)

INR344.75 +9.95 (+2.97%)
IN NSE Industrials Electrical Equipment & Parts
Address Survey No. 427 P/3-4 and 431 P/1-2 382213
Ahmedabad, IN
CEO Satyen Jitendra Mamtora
IPO 2013-06-06
ISIN INE763I01026

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Also trades on Bombay Stock Exchange · TRIL.BO (INR) National Stock Exchange of India · TARIL.NS (INR) National Stock Exchange of India · TRIL.NS (INR)
Description

Transformers and Rectifiers (India) Limited (TRIL), along with its affiliated companies, is a prominent Indian manufacturer and seller of various transformer types. Their product portfolio encompasses power transformers, which include models for generators, auxiliary units, interconnection, small to medium power applications, and railway trackside use. They also supply rectifier transformers, such as 6 and 12/24 pulse units with IPT, and those designed for bridge construction. For distribution networks, TRIL offers energy-efficient models, transformers integrated into packaged substations, units with copper or aluminum windings, hermetically sealed options, and those featuring corrugated cooling fins. The company's specialized offerings extend to furnace transformers for arc, submerged arc, ladle refining, induction, and DC arc applications. Additionally, they produce specialty transformers like testing and earthing transformers, as well as those with multiple secondary windings, alongside shunt and series reactors. Beyond domestic sales, TRIL actively engages in export markets. Established in 1981, the company was initially known as Triveni Electric Company Limited before adopting its current name in March 1995. Its corporate headquarters are situated in Ahmedabad, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR344.75 +9.95 (+2.97%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
-0.33
Float Shares
101.61M
Free Float %
33.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.48% +1.76% -4.08% +3.36% +18.26% +12.38% -39.40% +667.23% +2,341.36% +1,690.78% +7,514.01%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
344.75
Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
6.95
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +24.2% Q1'26: +15.7% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +25.8% Q1'26: -3.2% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    -7.6% Q1'26: -11.7% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +14.1% Q1'26: +14.2% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +15.5% Q1'26: +20.0% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    -1.9% Q1'26: -2.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    1.19× Q1'26: 0.96× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.25) × ERP
WACC = 95% × Ke + 5% × Kd (11.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 344.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
3 Rev. Ana.
3 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
8.42B
est: 8.55B (-1.5%)
6.91B
est: 8.63B (-20.0%)
7.33B
est: 6.55B (+11.9%)
11.45B
est: 7.93B (+44.4%)
13.73B
est: 9.23B (+48.8%)
12.95B
est: 14.39B (-10.0%)
20.19B
est: 20.53B (-1.6%)
25.73B
25.69B – 25.77B
+25.4% YoY
32.18B
31.66B – 33.18B
+25.1% YoY
41.20B
39.41B – 44.45B
+28.0% YoY
46.40B
44.95B – 49.07B
+12.6% YoY
55.60B
53.86B – 58.80B
+19.8% YoY
65.80B
63.74B – 69.58B
+18.3% YoY
EBITDA
627.39M
est: 920.80M (-31.9%)
561.80M
est: 929.90M (-39.6%)
677.56M
est: 705.08M (-3.9%)
734.02M
est: 854.13M (-14.1%)
1.30B
est: 993.60M (+30.4%)
1.40B
est: 1.55B (-9.7%)
3.62B
est: 2.46B (+47.4%)
3.08B
3.08B – 3.09B
+25.4% YoY
3.85B
3.79B – 3.97B
+25.1% YoY
4.93B
4.72B – 5.32B
+28.0% YoY
5.56B
5.38B – 5.88B
+12.6% YoY
6.66B
6.45B – 7.04B
+19.8% YoY
7.88B
7.63B – 8.33B
+18.3% YoY
EBIT
442.15M
est: 764.27M (-42.1%)
365.88M
est: 771.82M (-52.6%)
484.19M
est: 585.22M (-17.3%)
564.12M
est: 708.94M (-20.4%)
1.05B
est: 824.69M (+27.4%)
1.15B
est: 1.29B (-10.5%)
3.35B
est: 2.14B (+56.6%)
2.68B
2.68B – 2.69B
+25.4% YoY
3.36B
3.30B – 3.46B
+25.1% YoY
4.30B
4.11B – 4.64B
+28.0% YoY
4.84B
4.69B – 5.12B
+12.6% YoY
5.80B
5.62B – 6.13B
+19.8% YoY
6.87B
6.65B – 7.26B
+18.3% YoY
Net Income
45.15M
est: 166.36M (-72.9%)
3.96M
est: 288.26M (-98.6%)
70.59M
est: 14.85M (+375.3%)
139.87M
est: 118.83M (+17.7%)
407.39M
est: 207.95M (+95.9%)
444.97M
est: 609.01M (-26.9%)
2.14B
est: 1.88B (+14.0%)
2.72B
2.63B – 2.81B
+44.7% YoY
3.21B
3.04B – 3.40B
+18.1% YoY
4.20B
3.93B – 4.71B
+30.6% YoY
5.80B
5.57B – 6.23B
+38.2% YoY
7.00B
6.71B – 7.52B
+20.6% YoY
8.34B
8.00B – 8.96B
+19.2% YoY
SGA
257.87M
est: 326.73M (-21.1%)
178.87M
est: 329.96M (-45.8%)
291.53M
est: 250.19M (+16.5%)
327.08M
est: 303.08M (+7.9%)
484.30M
est: 352.57M (+37.4%)
488.54M
est: 549.98M (-11.2%)
1.00B
est: 1.15B (-12.9%)
1.45B
1.44B – 1.45B
+25.4% YoY
1.81B
1.78B – 1.86B
+25.1% YoY
2.31B
2.21B – 2.50B
+28.0% YoY
2.61B
2.52B – 2.76B
+12.6% YoY
3.12B
3.03B – 3.30B
+19.8% YoY
3.70B
3.58B – 3.91B
+18.3% YoY
EPS
0.17
est: 0.56 (-69.6%)
0.01
est: 0.97 (-98.5%)
0.27
est: 0.05 (+440.0%)
0.53
est: 0.40 (+32.5%)
1.54
est: 0.70 (+120.0%)
1.62
est: 2.05 (-21.0%)
7.21
est: 6.45 (+11.8%)
9.33
9.02 – 9.65
+44.7% YoY
11.03
10.43 – 11.66
+18.1% YoY
14.40
13.47 – 16.14
+30.6% YoY
19.90
19.09 – 21.39
+38.2% YoY
24.00
23.02 – 25.79
+20.6% YoY
28.60
27.44 – 30.74
+19.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-27 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-26 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-25 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-22 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-21 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-20 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-19 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-18 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-15 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-14 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-13 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-12 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-11 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-08 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-07 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-06 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-05 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-05-04 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-04-30 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-04-29 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-04-28 B 3/5 1/5 5/5 5/5 2/5 2/5 2/5
2026-04-27 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-04-24 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-04-23 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-240.85M
OE per share TTM
-0.76
Owner's Yield
-0.26%
Maintenance CapEx ratio
186.11%
Maint CapEx / Avg PPE
15.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 29 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck India Growth Leaders ETF GLIN 0.20% 197.4K 0.72%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.04% 254.5K 0.65%
3 WisdomTree India Earnings Fund EPI 0.01% 207.9K 0.84%
4 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.40M 0.06%
5 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.01% 1.14M 0.07%
6 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 301.2K 0.29%
7 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 42.9K 0.48%
8 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 96.7K 0.26%
9 Vanguard FTSE Emerging Markets ETF VWO 0.00% 4.77M 0.06%
10 iShares Core MSCI Emerging Markets IMI Index ETF XEC.TO 0.00% 68.9K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.39M
Shares Outstanding
300.17M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Satyen Jitendra Mamtora CEO, MD & Executive Director 8M male
Jitendra Ujamshi Mamtora Chairman & Whole-Time Director 6M male
Karunaben Jitendra Mamtora Executive Director 2M female
Rakesh Kiri Company Secretary & Compliance Officer male
Resna Subramanian Executive Assistant Chairman & Managing Director female
Sunil Gurubaxani Head Mechanical Design & Quality male
Chanchal Singh Satyendra Rajora Director of Finance & Advisor to the Board male
Sunil Thakkar Head of Electrical Design male
Mehul Chaitanya Shah Chief Financial Officer male
Niki Ghumra Head of Fabrication & Production male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits