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← CockpitCompetitor Analysis › TARIL.NS Transformers and Rectifiers (India)Open in the cockpit ↗

Transformers and Rectifiers (India)TARIL.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electrical Products
Momentum strong 64
Mkt cap
$974M
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$23.9M
20-day average traded
Fwd P/E
26.3×
forward earnings
ROIC−WACC
+3.2 pp
WACC 12.5%
Hurdle
n/a
no reverse DCF
Next earnings
94 days
8 Feb 2027
Close · INR₹306.55
1D-2.9%
1W+2.8%
1M+6.0%
3M+3.5%
6M-6.6%
YTD+7.5%
1Y-32.3%
ATR %4.8%
Beta1.39
52w lowhigh32.4% off high

What Transformers and Rectifiers (India) does

Employees: 2,151

Transformers and Rectifiers (India) at a glance

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).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026TARIL.NS 94Peer median 75
Six months, rebased to 100: Transformers and Rectifiers (India) against the median of its 20 peers (local-currency closes).

Transformers and Rectifiers (India) financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a-₹2.61B-₹1.24B-₹348M-₹273M
Capital expendituren/a₹1.09B₹2.35B₹158M₹103M
Total debt₹5.81B₹4.57B₹2.83B₹2.56B₹3.30B

Quarterly statements and history in the cockpit →

Transformers and Rectifiers (India) competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%-20%0%FLNCMRN301631001382300222002471605305300393300341ELECON000533DSCV0023506053656033336516003033002212603855TARIL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Transformers and Rectifiers (India) is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%50×100×MRN301631300222605305300393ELECONDSCV6053656516002212603855TARIL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Transformers and Rectifiers (India) is the large dot.

Transformers and Rectifiers (India) competitors and peer comparison

How Transformers and Rectifiers (India) compares with its peers

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.

Transformers and Rectifiers (India) against its 20 peers (data as of 6 Nov 2026)
MeasureTARIL.NSPeer medianRank 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 margin15.4%4.9%3rd highest of 20
Forward P/E26.3×17.1×4th most expensive of 12
ROIC minus cost of capital+3.2 pp-2.5 pp5th highest of 20
EV / EBITDA20.6×12.0×2nd most expensive of 6
Net debt / EBITDA0.8×1.1×3rd least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Transformers and Rectifiers (India) TARIL.NSIndia$974M-7%+27%15%26.3×n/an/a
Fluence Energy FLNCUnited States$973M-78%+7%-4%n/an/an/a
Mersen MRN.PAFrance$976M-1%-3%9%13.1×11.0%+7.0%
Shenzhen Uniconn Technology 301631.SZChina$969M-34%+32%5%17.1×18.2%+49.0%
Guangdong Xinyaguang Cable 001382.SZChina$968M-21%+12%4%n/an/an/a
CSG Smart Science&Technology 300222.SZChina$966M-27%+26%2%30.5×n/an/a
Jiangsu Zhongchao 002471.SZChina$963M-45%-5%1%n/an/an/a
Ficont Industry(Beijing) 605305.SSChina$989M-35%+15%26%10.6×-1.1%+22.5%
Jolywood (Suzhou) Sunwatt 300393.SZChina$958M-42%-48%-62%30.8×5.1%-2.7%
Motic (Xiamen) Electric 300341.SZChina$957M-20%+19%12%n/a17.7%+5.1%
Elecon Engineering ELECON.NSIndia$995M-26%+5%17%24.6×31.3%+17.8%
Guangdong Shunna Electric 000533.SZChina$996M-24%+25%6%n/a16.8%+8.7%
discoverIE DSCV.LUnited Kingdom$997M+17%+5%10%17.1×21.4%+7.9%
Temb Intelligent Tech Shandong 603448.SSChina$951Mn/a+16%n/an/a45.6%n/a
Beijing Creative 002350.SZChina$946M-19%+7%-1%n/a54.8%-0.3%
Leedarson IoT Technology 605365.SSChina$1.01B-55%-2%4%15.4×n/an/a
Sunway 603333.SSChina$941M+1%+68%3%n/an/an/a
Sanyo Denki 6516.TJapan$1.01B-39%+20%12%11.4×9.0%+6.7%
Qingdao CHOHO Industrial 003033.SZChina$939M+36%+6%9%n/a14.2%+14.6%
Topsec Technologies 002212.SZChina$1.01B-18%-9%-14%99.8×n/an/a
Warom Technology 603855.SSChina$938M+1%-18%15%14.6×-2.6%+7.1%

Questions

Which companies are Transformers and Rectifiers (India)'s closest peers?
The cockpit's peer set: Fluence Energy (FLNC), Mersen (MRN.PA), Shenzhen Uniconn Technology (301631.SZ), Guangdong Xinyaguang Cable (001382.SZ), CSG Smart Science&Technology (300222.SZ), Jiangsu Zhongchao (002471.SZ), Ficont Industry(Beijing) (605305.SS), Jolywood (Suzhou) Sunwatt (300393.SZ).
Is Transformers and Rectifiers (India) expensive compared with its peers?
On forward p/e it trades at 26.3× against a peer median of 17.1×, 4th most expensive of 12 in its peer set.
How has Transformers and Rectifiers (India) stock performed?
Over six months to 6 Nov 2026 the shares returned -6.6% against -23.9% for the median peer; over one year -32.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.