Transformers And Rectifiers (India) Limited
Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment
Key metrics
Price as of 2026-07-17
Stock price
₹332.50
Market cap
9,978 Cr
Stock P/E
35.6
P/B
6.47
Dividend yield
0.1%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 156 Cr | 413 Cr | 782 Cr | 1,295 Cr | 322 Cr | 784 Cr | 559 Cr | 676 Cr | 529 Cr | 460 Cr | 737 Cr | 783 Cr |
| Operating expenses (approx.) | 149 Cr | 386 Cr | 715 Cr | 1,155 Cr | 276 Cr | 656 Cr | 475 Cr | 535 Cr | 421 Cr | 395 Cr | 608 Cr | 642 Cr |
| EBITDA | 6 Cr | 26 Cr | 67 Cr | 140 Cr | 46 Cr | 127 Cr | 85 Cr | 141 Cr | 109 Cr | 65 Cr | 129 Cr | 141 Cr |
| OPM % | 4.0% | 6.4% | 8.5% | 10.8% | 14.4% | 16.2% | 15.2% | 20.9% | 20.5% | 14.2% | 17.5% | 18.0% |
| Other income | 2 Cr | 2 Cr | 4 Cr | 6 Cr | 4 Cr | 16 Cr | 9 Cr | 7 Cr | 20 Cr | 14 Cr | 4 Cr | 22 Cr |
| Interest | 15 Cr | 26 Cr | 39 Cr | 51 Cr | 12 Cr | 22 Cr | 14 Cr | 15 Cr | 10 Cr | 13 Cr | 13 Cr | 14 Cr |
| Depreciation | 6 Cr | 12 Cr | 19 Cr | 25 Cr | 7 Cr | 13 Cr | 6 Cr | 7 Cr | 8 Cr | 7 Cr | 8 Cr | 7 Cr |
| Profit before tax | -15 Cr | -12 Cr | 8 Cr | 64 Cr | 28 Cr | 92 Cr | 74 Cr | 119 Cr | 90 Cr | 45 Cr | 108 Cr | 119 Cr |
| Tax % | 19.8% | 15.5% | 35.4% | 27.0% | 25.0% | 27.3% | 24.8% | 21.0% | 25.4% | 17.5% | 29.5% | 23.5% |
| Net profit | -12 Cr | -10 Cr | 5 Cr | 47 Cr | 21 Cr | 67 Cr | 55 Cr | 94 Cr | 67 Cr | 37 Cr | 76 Cr | 91 Cr |
| EPS (₹) | ₹-0.95 | ₹-0.83 | ₹0.34 | ₹3.24 | ₹1.40 | ₹4.44 | ₹3.67 | ₹3.17 | ₹2.24 | ₹1.13 | ₹2.46 | ₹3.04 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 855 Cr | 701 Cr | 742 Cr | 1,158 Cr | 1,381 Cr | 1,295 Cr | 2,019 Cr | 2,509 Cr | Sign in for TTM |
| Operating expenses (approx.) | 792 Cr | 634 Cr | 664 Cr | 1,074 Cr | 1,259 Cr | 1,161 Cr | 1,657 Cr | 2,065 Cr | Sign in for TTM |
| EBITDA | 63 Cr | 67 Cr | 78 Cr | 84 Cr | 121 Cr | 134 Cr | 362 Cr | 444 Cr | Sign in for TTM |
| OPM % | 7.4% | 9.6% | 10.5% | 7.2% | 8.8% | 10.4% | 17.9% | 17.7% | Sign in for TTM |
| Other income | 10 Cr | 16 Cr | 10 Cr | 13 Cr | 8 Cr | 6 Cr | 32 Cr | 61 Cr | Sign in for TTM |
| Interest | 46 Cr | 46 Cr | 46 Cr | 44 Cr | 48 Cr | 51 Cr | 51 Cr | 51 Cr | Sign in for TTM |
| Depreciation | 19 Cr | 20 Cr | 19 Cr | 17 Cr | 25 Cr | 25 Cr | 27 Cr | 30 Cr | Sign in for TTM |
| Profit before tax | 9 Cr | 2 Cr | 13 Cr | 23 Cr | 57 Cr | 64 Cr | 285 Cr | 363 Cr | Sign in for TTM |
| Tax % | 41.0% | 44.0% | 38.9% | 38.7% | 25.8% | 27.0% | 24.0% | 25.0% | Sign in for TTM |
| Net profit | 5 Cr | 1 Cr | 8 Cr | 14 Cr | 42 Cr | 47 Cr | 216 Cr | 272 Cr | Sign in for TTM |
| EPS (₹) | ₹0.34 | ₹0.03 | ₹0.55 | ₹1.06 | ₹3.07 | ₹3.24 | ₹7.21 | ₹9.07 | Sign in for TTM |
| Dividend payout % | — | — | — | 2.3% | 4.7% | 4.2% | 1.3% | 2.6% | Sign in for TTM |
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Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 14 Cr | 30 Cr | 30 Cr |
| Reserves | 322 Cr | 323 Cr | 0.0000 Cr | 343 Cr | 380 Cr | 540 Cr | 1,222 Cr | 1,485 Cr |
| Borrowings | 241 Cr | 284 Cr | 238 Cr | 315 Cr | 330 Cr | 256 Cr | 202 Cr | 390 Cr |
| Other liabilities | 295 Cr | 290 Cr | 323 Cr | 411 Cr | 455 Cr | 350 Cr | 711 Cr | 733 Cr |
| Total liabilities | 879 Cr | 901 Cr | 895 Cr | 1,074 Cr | 1,186 Cr | 1,168 Cr | 2,185 Cr | 2,666 Cr |
| Fixed assets (net) | 188 Cr | 162 Cr | 155 Cr | 145 Cr | 147 Cr | 137 Cr | 232 Cr | 230 Cr |
| CWIP | 3 Cr | 2 Cr | 0.05 Cr | 0.63 Cr | 3 Cr | 4 Cr | 62 Cr | 138 Cr |
| Investments | 0.32 Cr | 6 Cr | 6 Cr | 7 Cr | 0.85 Cr | 4 Cr | 268 Cr | 184 Cr |
| Other assets | 654 Cr | 694 Cr | 692 Cr | 893 Cr | 990 Cr | 989 Cr | 1,399 Cr | 1,885 Cr |
| Total assets | 879 Cr | 901 Cr | 895 Cr | 1,074 Cr | 1,186 Cr | 1,168 Cr | 2,185 Cr | 2,666 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 2 Cr | 28 Cr | 29 Cr | 157 Cr | -105 Cr |
| Cash from investing | — | — | — | -8 Cr | 9 Cr | -22 Cr | -625 Cr | -7 Cr |
| Cash from financing | — | — | — | 17 Cr | -45 Cr | -10 Cr | 472 Cr | 116 Cr |
| Net cash flow | — | — | — | 11 Cr | -7 Cr | -3 Cr | 4 Cr | 3 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -7 Cr | 18 Cr | 30 Cr | -78 Cr | -215 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 7.7% | 14.2% | 443.0% | 18.8% | 13.3% | 13.4% | 22.8% | 21.4% |
| ROE % | 1.3% | 0.1% | 0.0% | 3.9% | 10.2% | 7.9% | 0.0% | 0.0% |
| Debtor days | 160 | 216 | 203 | 163 | 167 | 173 | — | — |
| Inventory days | 117 | 132 | 132 | 90 | 99 | 112 | 114 | 127 |
| Days payable | 122 | 149 | 177 | 119 | 127 | 98 | — | — |
| Cash conversion cycle | 154 | 199 | 158 | 134 | 140 | 187 | 114 | 127 |
| Debt / equity | 0.72 | 0.87 | 0.71 | 0.91 | 0.84 | 0.46 | 0.16 | 0.25 |
| Current ratio | 1.31 | 1.33 | 1.44 | 1.35 | 1.40 | 1.83 | 1.74 | 1.82 |
| Net debt / EBITDA | 3.76 | 0.00 | 0.00 | 0.00 | 2.68 | 1.90 | 0.54 | 0.86 |
Compare with peers
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