Transformers and Rectifiers (India) Limited
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 offers distribution transformers, including energy efficient transformers, transformers with packaged substations, copper and aluminium wounds, hermitically sealed type transformers, and transformers with corrugated cooling fins. In addition, the company provides furnace transformers consisting of electric arc furnace and submerged arc furnace transformers, ladle refining furnace transformers, induction furnace transformers, and DC arc furnace transformers; specialty transformers, including testing and earthing transformers and transformers having multiple secondaries; and shunt and series reactors. It exports its products. The company was formerly known as Triveni Electric Company Limited and changed its name to Transformers and Rectifiers (India) Limited in March 1995. Transformers and Rectifiers (India) Limited was founded in 1981 and is based in Ahmedabad, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 110.2%
Concerns1
- Low return on equity of 7.6%
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.95 K Cr | β | βΉ188.00 Cr | β | β | 15.5% | 53.4% | 358.5% |
| Mar 2024 | βΉ1.27 K Cr | β | βΉ41.00 Cr | β | β | 7.6% | -7.6% | 10.8% |
| Mar 2023 | βΉ1.38 K Cr | β | βΉ37.00 Cr | β | β | 9.7% | 22.1% | 184.6% |
| Mar 2022 | βΉ1.13 K Cr | β | βΉ13.00 Cr | β | β | 3.7% | 54.9% | 85.7% |
| Mar 2021 | βΉ727.00 Cr | β | βΉ7.00 Cr | β | β | 2.1% | 6.4% | 600.0% |
| Mar 2020 | βΉ683.00 Cr | β | βΉ1.00 Cr | β | β | 0.3% | -17.9% | -80.0% |
| Mar 2019 | βΉ832.00 Cr | β | βΉ5.00 Cr | β | β | 1.5% | 21.5% | 25.0% |
| Mar 2018 | βΉ685.00 Cr | β | βΉ4.00 Cr | β | β | 1.2% | -14.6% | -81.8% |
| Mar 2017 | βΉ802.00 Cr | β | βΉ22.00 Cr | β | β | 6.9% | 39.2% | -344.4% |
| Mar 2016 | βΉ576.00 Cr | β | βΉ-9.00 | β | β | -2.8% | 6.3% | 50.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 2,290 |
| Total Expenses | 1,968 |
| EBIT / Operating Profit | 322 |
| OPM % | 14% |
| Other Income | 46 |
| Finance Costs | 46 |
| Depreciation & Amortisation | 24 |
| Profit Before Tax | 298 |
| Tax % | - |
| Net Profit / PAT | 225 |
| EPS (βΉ) | 7.48 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Transformers and Rectifiers (India) Limitedthis co. | βΉ8.15 K Cr | βΉ1.95 K Cr | 36.70 | 6.33 | 63.59 | 53.4% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |