Transformers and Rectifiers (India) Limited (IN:TARIL)
:TARIL
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Transformers and Rectifiers (India) Limited
(TARIL)
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Rating:65Neutral
Price Target:
₹328.00
▲(2.10% Upside)
Action:ReiteratedDate:01/09/26
The score is primarily supported by strong financial performance driven by rapid revenue growth and improved profitability, alongside a solid balance sheet. It is held back by negative free cash flow and a technically weak price trend (trading below major moving averages), with valuation further constrained by a relatively high P/E and minimal dividend yield.
Positive Factors
Strong Revenue Growth
A near-60% YoY revenue jump reflects durable demand and successful tender wins, expanding scale and utilization. Sustained top-line growth provides a larger base to absorb fixed costs, supports operating leverage, and enables reinvestment in capacity and product development over the medium term.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow despite profitability indicates capex and working-capital demands are outpacing operating cash generation. This weak cash conversion can force external financing, constrain reinvestment, and raise risk if customer payment cycles lengthen or orders slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A near-60% YoY revenue jump reflects durable demand and successful tender wins, expanding scale and utilization. Sustained top-line growth provides a larger base to absorb fixed costs, supports operating leverage, and enables reinvestment in capacity and product development over the medium term.
Read all positive factors
Transformers and Rectifiers (India) Limited (TARIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹81.63B
Dividend Yield0.07%
Average Volume (3M)64.04K
Price to Earnings (P/E)29.0
Beta (1Y)1.31
Revenue Growth33.60%
EPS Growth100.44%
CountryIN
Employees553
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)2.50
Shares Outstanding300,165,830
10 Day Avg. Volume37,462
30 Day Avg. Volume64,039
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)12.08
Price to Sales (P/S)7.49
P/FCF Ratio-193.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹308.00Price Target Upside-4.12% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)9.33
Revenue Forecast (FY)₹25.73B
Transformers and Rectifiers (India) Limited Business Overview & Revenue Model
Company Description
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, interconne...
How the Company Makes Money
TARIL generates revenue primarily through the sale of its electrical equipment, including transformers and rectifiers, to utilities, industries, and government projects. The company's revenue model is driven by both product sales and after-sales s...
Transformers and Rectifiers (India) Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.37B | 20.19B | 12.95B | 13.73B | 11.45B | 7.33B |
| Gross Profit | 3.81B | 6.35B | 3.60B | 2.78B | 2.05B | 1.76B |
| EBITDA | 2.07B | 3.62B | 1.40B | 1.30B | 734.01M | 677.56M |
| Net Income | 1.28B | 2.14B | 444.97M | 407.38M | 139.87M | 70.59M |
Balance Sheet | ||||||
| Total Assets | 23.90B | 21.85B | 11.68B | 11.86B | 11.09B | 9.25B |
| Cash, Cash Equivalents and Short-Term Investments | 4.02B | 4.09B | 53.34M | 52.49M | 122.47M | 11.23M |
| Total Debt | 3.66B | 2.83B | 2.56B | 3.30B | 3.25B | 2.64B |
| Total Liabilities | 10.21B | 9.13B | 6.05B | 7.85B | 7.46B | 5.75B |
| Stockholders Equity | 13.45B | 12.52B | 5.54B | 3.93B | 3.57B | 3.43B |
Cash Flow | ||||||
| Free Cash Flow | -716.86M | -782.20M | 133.09M | 181.06M | -66.28M | 904.35M |
| Operating Cash Flow | 1.66B | 1.11B | 291.43M | 283.89M | 18.92M | 964.30M |
| Investing Cash Flow | -2.12B | -4.72B | -224.38M | 91.62M | -80.11M | -69.62M |
| Financing Cash Flow | 828.60M | 5.09B | -98.47M | -448.79M | 172.13M | -930.84M |
Transformers and Rectifiers (India) Limited Technical Analysis
Negative
321.25
Price Trends
273.87
Negative
287.34
Negative
393.26
Negative
Market Momentum
-1.96
Positive
45.75
Neutral
53.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TARIL, the sentiment is Negative. The current price of 321.25 is above the 20-day moving average (MA) of 286.63, above the 50-day MA of 273.87, and below the 200-day MA of 393.26, indicating a bearish trend. The MACD of -1.96 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 53.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TARIL.
Transformers and Rectifiers (India) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹85.43B | 20.04 | ― | 1.27% | 15.87% | -4.28% | |
70 Outperform | ₹24.08B | 30.72 | ― | 1.27% | 16.36% | 21.58% | |
68 Neutral | ₹12.52B | 16.63 | ― | ― | 34.48% | 40.61% | |
65 Neutral | ₹81.63B | 28.99 | ― | 0.07% | 33.60% | 100.44% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹24.41B | 49.83 | ― | 0.13% | 35.05% | 99.65% | |
49 Neutral | ₹5.59B | 41.93 | ― | ― | -11.25% | -48.96% |
* Industrials Sector Average
IN:TARIL
Transformers and Rectifiers (India) Limited
271.95
-263.78
-49.24%
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Transformers and Rectifiers (India) Limited Corporate Events
Transformers and Rectifiers (India) Says Trading Volume Surge Is Market-Driven
Feb 10, 2026
Transformers and Rectifiers (India) Limited has clarified that it has been complying with all regulatory disclosure norms, regularly informing stock exchanges of any events or information that could materially impact its operations or share price....
Transformers and Rectifiers (India) Posts Strong Q3 FY26 Unaudited Results
Jan 9, 2026
Transformers and Rectifiers (India) Limited reported robust unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, with strong growth in revenue and profitability year-on-year. Standalone to...
Transformers and Rectifiers Schedules Q3 FY26 Earnings Call with Global Investor Access
Jan 5, 2026
Transformers and Rectifiers (India) Limited has scheduled an earnings conference call on 8 January 2026 at 4:00 p.m. IST to discuss its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025....
Transformers and Rectifiers (India) Limited Secures Landmark HVDC Order
Dec 4, 2025
Transformers and Rectifiers (India) Limited has secured a significant order worth Rs. 53.33 crore from Power Grid Corporation of India Limited for the repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer. This order...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.