Employees: 2,151
Size Transformers and Rectifiers (India) (TARIL.NS) is an India Industrials company (Electrical Products) with a market value of $974M, the 601st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹306.55 on 6 Nov 2026.
Performance Over six months the shares fell 6.6%, against -23.9% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 27.2% over the last twelve months (peer median +7.1%); the operating margin is 15.4% (peer median 4.9%).
Valuation It trades at 26.3× forward earnings against a peer median of 17.1× (4th most expensive of 12).
Capital Return on invested capital runs 3.2 points above its cost of capital (12.5% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹28.3B | ₹21.9B | ₹20.2B | ₹12.9B | ₹13.9B |
| Revenue growth | — | +9% | +56% | -7% | — |
| Gross profit | ₹7.54B | ₹2.67B | ₹4.59B | ₹2.14B | ₹1.90B |
| EBITDA | ₹4.66B | ₹972M | ₹3.27B | ₹1.35B | ₹1.22B |
| Net income | ₹3.04B | ₹2.64B | ₹2.14B | ₹445M | ₹407M |
| Free cash flow | n/a | -₹2.61B | -₹1.24B | -₹348M | -₹273M |
| Capital expenditure | n/a | ₹1.09B | ₹2.35B | ₹158M | ₹103M |
| Total debt | ₹5.81B | ₹4.57B | ₹2.83B | ₹2.56B | ₹3.30B |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TARIL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | -7.4% | 2nd highest of 21 |
| 6-month return | -6.6% | -23.9% | 6th highest of 20 |
| Distance from 52-week high | -32.4% | -43.3% | 7th highest of 21 |
| Revenue growth (TTM) | +27.2% | +7.1% | 3rd highest of 21 |
| Operating margin | 15.4% | 4.9% | 3rd highest of 20 |
| Forward P/E | 26.3× | 17.1× | 4th most expensive of 12 |
| ROIC minus cost of capital | +3.2 pp | -2.5 pp | 5th highest of 20 |
| EV / EBITDA | 20.6× | 12.0× | 2nd most expensive of 6 |
| Net debt / EBITDA | 0.8× | 1.1× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Transformers and Rectifiers (India) TARIL.NS | India | $974M | -7% | +27% | 15% | 26.3× | n/a | n/a |
| Fluence Energy FLNC | United States | $973M | -78% | +7% | -4% | n/a | n/a | n/a |
| Mersen MRN.PA | France | $976M | -1% | -3% | 9% | 13.1× | 11.0% | +7.0% |
| Shenzhen Uniconn Technology 301631.SZ | China | $969M | -34% | +32% | 5% | 17.1× | 18.2% | +49.0% |
| Guangdong Xinyaguang Cable 001382.SZ | China | $968M | -21% | +12% | 4% | n/a | n/a | n/a |
| CSG Smart Science&Technology 300222.SZ | China | $966M | -27% | +26% | 2% | 30.5× | n/a | n/a |
| Jiangsu Zhongchao 002471.SZ | China | $963M | -45% | -5% | 1% | n/a | n/a | n/a |
| Ficont Industry(Beijing) 605305.SS | China | $989M | -35% | +15% | 26% | 10.6× | -1.1% | +22.5% |
| Jolywood (Suzhou) Sunwatt 300393.SZ | China | $958M | -42% | -48% | -62% | 30.8× | 5.1% | -2.7% |
| Motic (Xiamen) Electric 300341.SZ | China | $957M | -20% | +19% | 12% | n/a | 17.7% | +5.1% |
| Elecon Engineering ELECON.NS | India | $995M | -26% | +5% | 17% | 24.6× | 31.3% | +17.8% |
| Guangdong Shunna Electric 000533.SZ | China | $996M | -24% | +25% | 6% | n/a | 16.8% | +8.7% |
| discoverIE DSCV.L | United Kingdom | $997M | +17% | +5% | 10% | 17.1× | 21.4% | +7.9% |
| Temb Intelligent Tech Shandong 603448.SS | China | $951M | n/a | +16% | n/a | n/a | 45.6% | n/a |
| Beijing Creative 002350.SZ | China | $946M | -19% | +7% | -1% | n/a | 54.8% | -0.3% |
| Leedarson IoT Technology 605365.SS | China | $1.01B | -55% | -2% | 4% | 15.4× | n/a | n/a |
| Sunway 603333.SS | China | $941M | +1% | +68% | 3% | n/a | n/a | n/a |
| Sanyo Denki 6516.T | Japan | $1.01B | -39% | +20% | 12% | 11.4× | 9.0% | +6.7% |
| Qingdao CHOHO Industrial 003033.SZ | China | $939M | +36% | +6% | 9% | n/a | 14.2% | +14.6% |
| Topsec Technologies 002212.SZ | China | $1.01B | -18% | -9% | -14% | 99.8× | n/a | n/a |
| Warom Technology 603855.SS | China | $938M | +1% | -18% | 15% | 14.6× | -2.6% | +7.1% |