Transformers & Rectifiers India Ltd

NSE: TARIL | BSE: 532928

₹304.4-11.20 (-3.55%)

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Performance

Historical price movement and trading activity

Trading Data

Today's High

327

Today's Low

313.9

Open

327

Previous Close

315.6

Volume

2146675

Total Traded Value High

686724179.25

Overview

Capital Goods - Electrical Equipment - Electric Equipment - TransformersNSE / BSE

Transformers & Rectifiers India Limited (TARIL) was originally incorporated on 11 July, 1994 as 'Triveni Electric Company Limited'. Mr. Jitendra U. Mamtora and Mr. Satyen J. Mamtora promoted the Company. In 1995, the Company's name was changed to 'Transformers and Rectifiers (India) Limited'. Currently, the Company is having 2 manufacturing facilities situated at Changodar and Odhav situated in Ahmedabad. The Company acquired Odhav unit in 2006 as part of the expansion plans. Operating manufacturing facilities at Changodar, Moraiya & Odhav in Gujarat, TARIL's combined capacity across all plants has stood at nearly 75,000 MVA. The Company's business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers, furnace transformers, rectifier transformers, and specialised transformers. In 1998, the company received as ISO 9001-2000 by Bureau Veritas, in respect of design manufacturing and servicing of distribution transformers, power transformers (up to 200 MVA, 220 kV class) and furnace transformers (up to 63 MVA, 33 kV class). In 2006, the company increased the production capacity of the plant located at Changodar from 4000 MVA p.a to its present capacity of 6,000 MVA p.a. In order to effectively augment this unit's production capacities, the company has initiated several expansion and de-bottlenecking procedures to facilitate this expansion, including installation of new winding machines, separate oven for coil drying, segregation of despatch area along with 100 MT capacity EOT crane and employing additional manpower. In year 2006-07, the Company acquired the manufacturing facility of M/s Transformers and Rectifiers India, the proprietorship concern of Mr. Jitendra Mamtora, at Odhav. The said Facility started regular manufacturing from December,2006. The Company carried out a de-bottlenecking exercise at the existing Changodar facility, which increased the total installed capacity between the existing Changodar Unit and Odhav unit to 7200 MVA per annum. In order to set up of green-field manufacturing facility at Moraiya, near Ahmedabad for manufacturing of 220 kV Class & above transformers and to part finance incremental working capital requirements, during December, 2007, the Company made an Initial Public Offer (IPO) of 29,95,000 Equity Shares of Rs.10/- each at a price of Rs.465/- per share aggregating to Rs. 13,927 lacs through 100% book building procedure. The shares were listed for trading on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) w.e.f. 28th December, 2007. The Company started regular commercial supplies of 400 KV Class Transformers which was developed in-house. In FY 2011, it supplied the first 400 KV Transformer to a State Electricity Board. Again, it entered into an arrangement with ZTR, a reputed Ukrainian company for manufacture and supply of 765 KV Class transformers to PGCIL. During the year 2014-15, the Company acquired the Shares of Savas Engineering Company Private Limited and hence it became the wholly owned subsidiary of the Company. The approval of the 100 MVA, 132 KV Scott Connected Transformer by RDSO was a milestone in high-speed train operations in FY24. The Company completed a Dynamic Short Circuit Test on 500 MVA, 400/220/33 kV Three Phase Auto Transformer. It conducted a Short Circuit Test on 250 MVA, 2x33/ 400 KV Power Transformers for Solar application transformers, further completed Short Circuit Test on 8.8 MVA 33/2X0.690 kV Inverter Duty Transformer having Aluminum Winding, conducted at CPRI (Central Power Research Institute),Bangalore in FY 2024. The Company has acquired 51% in Triveni Transtech (India) Private Limited, making it a subsidiary in FY 2025. TARIL completed Short Circuit Test on 8.8 MVA 33/2X0.690 kV Inverter Duty Transformer having Aluminum Winding, conducted at CPRI (Central Power Research Institute), Bangalore. Further, it completed Dynamic Short Circuit Test on 500 MVA, 400/220/33 kV Three Phase Auto Transformer as per IEC 60076- 5 standard and latest CEA guidelines. It passed the Short Circuit Test on 250 MVA, 2x33/ 400 KV Power Transformers, one of the highest ratings in the world, for Solar application transformers in FY 2024. The Company has increased capacity from 40,000 MVA to 75,000 MVA. in FY 2026. It commenced operations at four backward integration plants for CTC, Bushing, Press Board and Fabrication during the year 2026. The Company became the first non-PSU Indian company to enter the HVDC transformer segment by securing an order from POWERGRID for the repair of a 397 MVA, 400 kV Converter Transformer. It completed FAT testing and delivered a 175 MVA EAF transformer to a customer in Mexico.

Fundamentals

Financial strength and ownership structure

Valuation & Ratios

Market Capitalisation

₹7,639.22

Price to Book (PB)

5.04

Price to Earnings (PE)

28.89

Return on Equity (ROE)

19.67%

Earnings Per Share (EPS)

9.07

Dividend Yield

0.10%

Financial Performance

369.35

512.70

322

461.54

559.36

676.48

529.33

460.03

736.76

782.67

572.34

739.44

Dec

'23

Mar

'24

Jun

'24

Sep

'24

Dec

'24

Mar

'25

Jun

'25

Sep

'25

Dec

'25

Mar

'26

Jun

'26

Sep

'26

Shareholding Pattern

64.36%

Dec

'25

Mar

'26

Jun

'26

Sep

'26

Technicals

Price-based indicators and levels

Indicators

Indicator	Value	Signal
Relative Strength Index (RSI)	+54.60	Neutral
MACD	+4.16	Bullish

Support and Resistance Levels

R3336.87

R2331.93

R1323.77

S1310.67

S2305.73

S3297.57

Moving Averages

Period	SMA	EMA
20D Moving Average	311.75	308.00
50D Moving Average	298.44	303.29
200D Moving Average	299.49	318.21

News

Transformers & Rectifiers India Ltd leads gainers in 'A' group

14 Oct 2026

IDBI Bank Ltd, Tata Elxsi Ltd, PNC Infratech Ltd and Whirlpool of India Ltd are among the other gainers in the BSE's 'A' group today, 14 October 2026.

IDBI Bank Ltd, Tata Elxsi Ltd, PNC Infratech Ltd and Whirlpool of India Ltd are among the other gainers in the BSE's 'A' group today, 14 October 2026. Transformers & Rectifiers India Ltd spiked 15.87% to Rs 352 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 42.63 lakh shares were traded on the counter so far as against the average daily volumes of 3.37 lakh shares in the past one month. IDBI Bank Ltd surged 8.56% to Rs 90.02. The stock was the second biggest gainer in 'A' group. On the BSE, 65.09 lakh shares were traded on the counter so far as against the average daily volumes of 8.83 lakh shares in the past one month. Tata Elxsi Ltd soared 6.64% to Rs 3653.75. The stock was the third biggest gainer in 'A' group. On the BSE, 2.43 lakh shares were traded on the counter so far as against the average daily volumes of 27082 shares in the past one month. PNC Infratech Ltd advanced 6.60% to Rs 167.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Whirlpool of India Ltd jumped 6.42% to Rs 850.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.57 lakh shares were traded on the counter so far as against the average daily volumes of 2.57 lakh shares in the past one month.

Transformers and Rectifiers secures Rs 100 crore order from Gujarat Energy Transmission Corporation Limited

2 Oct 2026

Transformers and Rectifiers (India) Limited announced it has received an order from Gujarat Energy Transmission Corporation Limited (GETCO) for the manufacturing and supply of 80 MVAR, 125 MVAR shunt reactors and 500MVA auto transformers, with a delivery schedule within 24 to 30 months. The order, classified as a "Large Order" with a value up to Rs 100 Cr, falls within the normal course of business and does not involve related party transactions; the company's promoter group has no interest in GETCO.

Transformers and Rectifiers jumps 3.96% after securing a Rs 100 crore order from Damodar Valley Corporation

2 Oct 2026

Transformers & Rectifiers India Ltd. is up 3.96% to Rs 280.8 today, building on recent momentum that includes a 0.14% gain over the last week. Transformers and Rectifiers (India) Limited announced it has received an order from Damodar Valley Corporation for the manufacturing and supply of 500MVA and 200 MVA Auto Transformers and related work, with a delivery schedule spanning 15 to 28 months, classifying as a "Large Order" valued up to Rs 100 Cr as per the company’s policy. The order, awarded by a domestic entity, falls within the normal course of business and does not constitute a related party transaction, and the company’s promoters and group companies have no interest in Damodar Valley Corporation. Transformers & Rectifiers India Ltd. shares saw a trading volume of 572.8 lakh today, representing a significant increase of 8408.17% compared to the average volume over the past week. Transformers & Rectifiers India Ltd. experienced a sharp decline of 42.75% year-over-year, underperforming the NIFTY50 index’s loss of 9.72%.

Volumes spurt at Transformers & Rectifiers India Ltd counter

1 Oct 2026

Transformers & Rectifiers India Ltd notched up volume of 456.93 lakh shares by 14:24 IST on NSE, a 52.84 fold spurt over two-week average daily volume of 8.65 lakh shares

Lemon Tree Hotels Ltd, J K Cements Ltd, Bajaj Auto Ltd, Schneider Electric Infrastructure Ltd are among the other stocks to see a surge in volumes on NSE today, 01 October 2026. Transformers & Rectifiers India Ltd notched up volume of 456.93 lakh shares by 14:24 IST on NSE, a 52.84 fold spurt over two-week average daily volume of 8.65 lakh shares. The stock rose 4.55% to Rs.282.40. Volumes stood at 7.84 lakh shares in the last session. Lemon Tree Hotels Ltd notched up volume of 286.61 lakh shares by 14:24 IST on NSE, a 12.74 fold spurt over two-week average daily volume of 22.50 lakh shares. The stock rose 3.03% to Rs.107.41. Volumes stood at 21.68 lakh shares in the last session. J K Cements Ltd saw volume of 3.25 lakh shares by 14:24 IST on NSE, a 7.69 fold spurt over two-week average daily volume of 42293 shares. The stock dropped 3.04% to Rs.4,921.50. Volumes stood at 1.07 lakh shares in the last session. Bajaj Auto Ltd notched up volume of 13.45 lakh shares by 14:24 IST on NSE, a 6.01 fold spurt over two-week average daily volume of 2.24 lakh shares. The stock slipped 8.22% to Rs.9,980.00. Volumes stood at 3.14 lakh shares in the last session. Schneider Electric Infrastructure Ltd saw volume of 11.32 lakh shares by 14:24 IST on NSE, a 5.6 fold spurt over two-week average daily volume of 2.02 lakh shares. The stock increased 4.79% to Rs.1,261.00. Volumes stood at 2.5 lakh shares in the last session.

Transformers & Rectifiers India Ltd leads gainers in 'A' group

1 Oct 2026

Lemon Tree Hotels Ltd, Schneider Electric Infrastructure Ltd, Shilpa Medicare Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 01 October 2026.

Lemon Tree Hotels Ltd, Schneider Electric Infrastructure Ltd, Shilpa Medicare Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 01 October 2026. Transformers & Rectifiers India Ltd spiked 7.74% to Rs 291 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 20.26 lakh shares were traded on the counter so far as against the average daily volumes of 76836 shares in the past one month. Lemon Tree Hotels Ltd surged 5.71% to Rs 110.2. The stock was the second biggest gainer in 'A' group. On the BSE, 8.66 lakh shares were traded on the counter so far as against the average daily volumes of 2.31 lakh shares in the past one month. Schneider Electric Infrastructure Ltd soared 5.15% to Rs 1266.55. The stock was the third biggest gainer in 'A' group. On the BSE, 51764 shares were traded on the counter so far as against the average daily volumes of 36317 shares in the past one month. Shilpa Medicare Ltd rose 4.52% to Rs 1093. The stock was the fourth biggest gainer in 'A' group. On the BSE, 52284 shares were traded on the counter so far as against the average daily volumes of 58158 shares in the past one month. Inox India Ltd advanced 4.23% to Rs 2133.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 11257 shares were traded on the counter so far as against the average daily volumes of 23926 shares in the past one month.

Insider Activity

Satyen J. MamtoraPromoter & Director

Acquired: 13286412
Shares Worth: ₹2,55,43,12,707

Reported On8 Dec 2023

ModeInter-se Transfer

Karunaben J. MamtoraPromoter & Director

Acquired: 11579052
Shares Worth: ₹2,22,60,72,747

Reported On8 Dec 2023

ModeInter-se Transfer