Market closed · data as of 28 Aug 2026 · source NSE via Alphave. Open the live chart →
Transformers and Rectifiers (India) Ltd (TARIL) is an Ahmedabad-based manufacturer of power transformers, distribution transformers and specialty/rectifier transformers, including high-voltage classes up to 765 kV and 1,200 kV, serving utilities, state discoms and industrial customers. Revenue is order-book driven, benefiting from India's grid expansion and renewable evacuation capex; it is backward-integrating into components like CRGO processing.
It is among India's leading independent transformer manufacturers.
Transformers And Rectifiers (India) Ltd. is a constituent of NIFTY 500, NIFTY SMALLCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from Transformers And Rectifiers (India) Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
Per-share figures are not restated. Shares outstanding changed from 14.26 crore to 30.01 crore in FY26, consistent with a bonus issue or stock split. Each year's EPS and book value below are as that year was filed, on that year's share count — so the per-share line falls across FY26 even where profit did not. Compare the absolute figures (EBITDA, free cash flow, total debt) and the margins across that boundary, not the per-share ones.
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 9.07 | 7.21 | 3.24 |
| Book value / share (₹) | 51.42 | — | 39.48 |
| Return on equity | 17.6% | 16.8% | 7.9% |
| Return on capital employed | 21.6% | 21.7% | 17.4% |
| Operating margin | 14.1% | 14.9% | 8.4% |
| Net margin | 10.8% | 10.7% | 3.6% |
| EBITDA | ₹383 Cr | ₹300 Cr | ₹134 Cr |
| Free cash flow | ₹-215 Cr | ₹-78 Cr | ₹30 Cr |
| Total debt | ₹457 Cr | ₹283 Cr | ₹256 Cr |
| Debt to equity | 0.30 | 0.22 | 0.45 |
| Interest coverage | 6.9 | 5.9 | 2.1 |
| Current ratio | 1.82 | 1.74 | 1.83 |
| Shares outstanding | 30,01,00,000 | — | 14,26,00,000 |
Open the full income statement, balance sheet and cash flow for TARIL →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.