T

Transformers And Rectifiers (India) Limited

TARILNSE
Market snapshot · 2026-08-11 12:51 UTC

297.10

₹-2.00 (-0.67%)

MARKET CAP

₹8.92K Cr

STOCK P/E

34.4x

52W HIGH

₹552.00

52W LOW

₹224.05

BOOK VALUE

₹51.58

EPS

₹8.64

ROE

SECTOR

Industrials

DEBT/EQUITY

29.60

VOLUME

5.36L

P/B RATIO

5.76x

PEG RATIO

-4.08

Sector

Industrials

Themes

Heavy Electrical EquipmentsCapital GoodsGoldman Sachs Portfolio
₹533.80₹458.47₹383.15₹307.83₹232.50VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TARIL.

3.00 analysts

Price Forecast

Current
₹297.10
High Target
₹447.00
▲ +50.5%
Median Target
₹295.00
▼ -0.7%
Low Target
₹291.00
▼ -2.1%
Now₹297.10High ₹447.00Median ₹295.00Low ₹291.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
3 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹188.82 - ₹405.5180%
6M₹150.11 - ₹442.4680%
12M₹104.10 - ₹480.1180%
Realized vol: +59.6% · Drift: -10.7%

Revenue Forecast

₹ Cr
Jun '26Current₹572.0
Sep 2026 ETrend estimate range
High₹537.2Base₹497.4Low₹457.6
Sep '25: ₹460.0 · Dec '25: ₹737.0 · Mar '26: ₹783.0 · Jun '26: ₹572.0 · Sep '26: ₹497.4 · Dec '26: ₹796.9
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E460.0737.0783.0572.0497.4796.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹2.05
Sep 2026 ETrend estimate range
High₹1.16Base₹1.03Low₹0.91
Sep '25: ₹1.13 · Dec '25: ₹2.46 · Mar '26: ₹2.97 · Jun '26: ₹2.05 · Sep '26: ₹1.03 · Dec '26: ₹2.25
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.132.462.972.051.032.25
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
59%
Analyst Consensus
Unavailable

From 3 analysts

Mean upside+15.9%

Fundamentals

Weakening

Fundamentals institutional score is 25 using accruals ratio 4.495; growth durability 45.4.

Valuation

Attractive relative to peers

Valuation institutional score is 73 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 63 using mean target upside 15.9%; dispersion penalty 18.1; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 88 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 4 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and technical structure provide support, while fundamentals and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price344.3 target
Mean Upside+15.9%
Technical Score88%
Fundamental Score25%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 10.5% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.24). Confidence: 57%.

Live forward EPS implies next-12-month EPS of ₹12.83. Applying the stock's normalized valuation corridor produces a fair range of ₹390.55 to ₹708.60, with base value near ₹496.52 (+65.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹12.83

Forward P/E

23.3x

Base Fair Value

₹496.52

Fair Range

₹390.55 - ₹708.60

Upside To Base

+65.9%

Estimate Source

Live forward EPS

Growth Estimate

-8.5%

P/E
Strongly Undervalued

5Y Average

24.94

Current

34.65

Overvalued

55.23

Undervalued

30.44

EV/EBITDA
Fair

5Y Average

16.91

Current

23.48

Overvalued

28.55

Undervalued

2.33

P/B
Strongly Undervalued

5Y Average

8.46

Current

5.80

Overvalued

11.73

Undervalued

6.05

Peers & Comparison

Sector: Industrials · Theme: Heavy Electrical Equipments

Heavy Electrical Equipments Peers8 peers
Avg P/E: 57.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
VOLTAMP TRANSFORMERS LTD
VOLTAMPHeavy Electrical Equipments
+28.4%13.9%
31.3x
Undervalued
-45% vs avg
+27.0%
ELECON ENG. CO. LTD
ELECONHeavy Electrical Equipments
+6.1%9.9%
41.5x
Undervalued
-27% vs avg
-19.7%
INOX WIND LIMITED
INOXWINDHeavy Electrical Equipments
+5.5%7.8%
29.7x
Undervalued
-48% vs avg
-47.8%
INOX GREEN ENERGY SER LTD
INOXGREENHeavy Electrical Equipments
+80.0%40.8%
66.6x
Premium
+17% vs avg
+13.4%
TD POWER SYSTEMS LTD.
TDPOWERSYSHeavy Electrical Equipments
+69.2%12.9%
83.6x
Premium
+46% vs avg
+155.2%
TRIVENI TURBINE LIMITED
TRITURBINEHeavy Electrical Equipments
+26.3%16.0%
54.7x
Fair
-4% vs avg
+23.4%
-12.9%3.9%
93.6x
Premium
+64% vs avg
+9.2%
COCHIN SHIPYARD LIMITED
COCHINSHIPShipbuilding
-15.6%14.3%
55.5x
Fair
-3% vs avg
-9.5%
WHY THESE PEERS

TRANS & RECTI. LTD trades at a discount (34.5x vs peer avg 57.1x), suggesting potential undervaluation relative to the Heavy Electrical Equipments cohort. Peers include VOLTAMP TRANSFORMERS LTD, ELECON ENG. CO. LTD, INOX WIND LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹572 CrJun 2026

Latest net profit

₹62 CrJun 2026

Latest EPS

₹2.05Jun 2026

Net margin

15.1%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹1₹2₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2025Sep 2025Mar 2026-900 Cr0.00 Cr900 Cr1.80K Cr2.70K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

Sales

₹572 Cr

+8.1%

Net Profit

₹62 Cr

-8.7%

EBITDA

₹110 Cr

+1.1%

EPS

₹2.05

-8.5%
MetricMar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales529460737783572
Expenses449416620671486
Operating Profit814411711187
OPM %15.23%9.62%15.87%14.24%15.12%
Other Income201442216
Interest1013131415
Depreciation87877
Profit before tax904510811988
Tax %25.44%17.55%29.52%23.5%26.97%
Net Profit6734748962
EPS in Rs2.241.132.462.972.05

All values in ₹ Crores unless otherwise stated. Source: Company filings.

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.36%64.36%64.36%64.36%64.36%
FII10.94%11.21%7.01%8.33%7.80%
DII6.04%5.95%4.18%1.77%1.54%
Public18.67%18.47%24.43%25.54%26.32%
Others0.01%0.02%
Jun 2026
Promoters
FII
DII
Public

Events Timeline

Concall Transcript - FY2027

Jul 25, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 21, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 21, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 16, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Apr 27, 2026PDFKnowledge Base Open