TARIL share price, P/E, ROE & financials

As of 6 Nov 2026, Transformers And Rectifiers (India) trades at 30.2× trailing earnings, above the industry P/E of 30.0×, and the shares are 18% below their 52-week high. It earns ROCE of 24% and ROE of 20%, and sales and net profit grew 21% and 87% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.34× equity. It is a small-cap company with a market cap of ₹9,202 Cr, ranked 19th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹310.00
Day high: ₹312.60
Day low: ₹303.05
Prev. close: ₹315.60
Volume: 19 L

Health check

4 good · 1 fair · 1 to check

ReturnsBehind
−24.7% over a year, better than 1 of 7 peers.
Price tagIn line
P/E 30.2 vs industry 30.0.
GrowthStrong
Sales +21.5%, profit +86.5% a year over 3 years.
ProfitabilityStrong
ROCE 24.4% vs peer median 22.1%.
Balance sheetSolid
Debt 0.34× equity, interest covered 11.4×, Piotroski 7 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹9,202 Cr, #19 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,863 Cr · profit ₹304 Cr

Market cap: ₹9,202 Cr; Small cap
P/E: 30.2; Industry 30.0
Price to book: 5.56; Peers 7.24
Dividend yield: 0.08%
ROE: 20.5%; Peers 18.0%
ROCE: 24.4%; Peers 22.1%
Debt to equity: 0.34; Debt ₹581 Cr
EPS (TTM): ₹10.15; Face value ₹1
OPM (TTM): 16.4%; Net margin 10.6%
Sales growth: +60.7%; Latest quarter vs a year ago
Profit growth: +135.3%; Latest quarter vs a year ago
Price to sales: 3.21; EV/EBITDA 19.4

Strengths

Return on equity of 20.5%.
Return on capital employed of 24.4%.
Quarterly profit up 135.3% on a year ago.
Quarterly sales up 60.7% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Transformers And Rectifiers (India)

Transformers and Rectifiers (India) Limited, together with its subsidiaries, manufactures and sells transformers in India. The company provides power transformers, such as generator transformers, unit and station auxiliary transformers, small and medium power transformers, and trackside transformers for railways; and rectifier transformers, including 6 and 12/24 pulse transformers with IPT, as well as transformers for bridge construction. It also offers…

Headquarters: Ahmedabad
Employees: 629
Sector: Industrials
ISIN: INE763I01026
Website: transformerindia.com

Price range

52 weeks

₹224.05₹372.00

Today

₹303.05₹312.60

Avg volume (3M): 42.8 L
1-year return: minus 24.7%
From 52-week high: minus 17.6%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
TARILTransformers And Rectifiers (India)	306.55	minus 2.87%	9,202	30.2	22.1	24.4%	16.4%	0.34	21.5%	minus 24.7%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
460	737	783	572	739
409	612	664	479	611
51.5	125	118	93.3	129
11.2%	17.0%	15.1%	16.3%	17.4%
13.9	4.3	22.4	16.3	2.7
12.9	13.4	14.4	14.8	14.3
7.3	8.1	7	6.8	7.2
45.3	108	119	88	110
17.5%	29.5%	23.5%	27.0%	26.0%
33.9	73.9	89.3	61.5	79.8
1.13	2.46	2.97	2.05	2.66

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +21.5%
Profit CAGR 3Y: +86.5%
EPS CAGR 3Y: +127.7%
ROE: 20.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,372	1,264	1,988	2,460
–	minus 7.9%	+57.3%	+23.7%
1,245	1,116	1,654	2,029
127	147	334	431
9.3%	11.7%	16.8%	17.5%
−7.2	−9.4	−2.4	6.9
37.2	38.3	34	34.9
24.6	24.7	27	29.9
−1.2	−10.4	14.2	−9.8
57.1	64.4	285	363
25.8%	27.0%	24.0%	25.0%
40.7	44.5	214	264
–	+9.2%	+381.5%	+23.4%
1.53	0.82	7.21	9.07

EPS is shown as reported. The EPS CAGR above adjusts earlier years for the 2:1 on Feb 2025 split/bonus; dilution from new shares is not adjusted.

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
13.3	14.3	30	30
381	540	1,222	1,485
330	256	283	457
461	358	650	694
1,186	1,168	2,185	2,666
151	141	294	369
3.4	3.6	61.8	138
0.4	0.5	30.5	33.1
5.2	5.3	244	159
1,025	1,018	1,555	1,966
1,186	1,168	2,185	2,666

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
28.4	29.2	157	−105
9.2	−22.4	−625	−7.4
−44.9	−9.9	469	116
−7.3	−3.1	−0	2.8
−10.3	−15.8	−235	−109
18.1	13.3	−78.2	−215
−2	−2	−2.9	−6

Shareholding pattern

Source: NSE filings

64.4%

promoters

Promoters64.36%
Public35.64%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	64.36%	35.64%	0.00
30 Jun 2026	64.36%	35.64%	0.00
31 Mar 2026	64.36%	35.64%	0.00
31 Dec 2025	64.36%	35.64%	0.00
30 Sep 2025	64.36%	35.64%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you