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Last Updated on: 16 August, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532928 | NSE: TARIL

Transformers & Rectifiers India Ltd (TRIL): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: August 15, 2025, 9:20 pm

Market Cap 15,179 Cr.
Current Price 506
High / Low 650/299
Stock P/E58.6
Book Value 41.7
Dividend Yield0.04 %
ROCE28.0 %
ROE23.4 %
Face Value 1.00
PEG Ratio0.78

Quick Insight

Transformers & Rectifiers India Ltd (TRIL) presents a mixed picture for investors. With a high P/E ratio of 58.9, the stock seems overvalued, especially when considering the industry average. However, the company's robust Return on Equity (ROE) of 23.4% and Return on Capital Employed (ROCE) of 28.0% indicate efficient management of resources. TRIL's operating profit margin (OPM) of 17% is respectable, although its Price-to-Book Value (P/BV) ratio of 12.85x raises concerns about its valuation. Furthermore, the company's healthy Interest Coverage Ratio (ICR) of 7.10x provides a cushion against financial risks. Investors should closely monitor TRIL's growth prospects and market dynamics to make informed decisions amidst this mix of metrics.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Transformers & Rectifiers India Ltd (TRIL)

Competitors of Transformers & Rectifiers India Ltd (TRIL)

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Aartech Solonics Ltd 197 Cr. 62.0 106/49.883.8 9.900.40 %6.47 %8.95 % 5.00
Voltamp Transformers Ltd 7,987 Cr. 7,894 14,800/5,90024.5 1,5691.27 %29.1 %21.7 % 10.0
Transformers & Rectifiers India Ltd (TRIL) 15,179 Cr. 506 650/29958.6 41.70.04 %28.0 %23.4 % 1.00
Power Grid Corporation of India Ltd 2,68,508 Cr. 289 366/24717.4 99.63.12 %12.8 %17.0 % 10.0
KEC International Ltd 20,725 Cr. 779 1,313/60534.1 2010.71 %18.0 %12.0 % 2.00
Industry Average45,219.14 Cr1,636.0141.51312.850.79%19.11%17.42%5.71

All Competitor Stocks of Transformers & Rectifiers India Ltd (TRIL)

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 300325332438156257369513322462559676529
Expenses 278291300406151237331441280392475545441
Operating Profit 23343133420387242698513188
OPM % 8%10%9%7%3%8%10%14%13%15%15%19%17%
Other Income 2241112141291020
Interest 10131212151213111210141510
Depreciation 4497666676678
Profit before tax 10181415-153215628647411990
Tax % 36%34%-2%35%-20%37%24%26%25%28%25%21%25%
Net Profit 6121410-12216422146559467
EPS in Rs 0.240.430.520.34-0.480.060.551.400.671.511.823.142.24

Last Updated: August 12, 2025, 2:41 pm

Below is a detailed analysis of the quarterly data for Transformers & Rectifiers India Ltd (TRIL) based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 529.00 Cr.. The value appears to be declining and may need further review. It has decreased from 676.00 Cr. (Mar 2025) to 529.00 Cr., marking a decrease of 147.00 Cr..
  • For Expenses, as of Jun 2025, the value is 441.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 545.00 Cr. (Mar 2025) to 441.00 Cr., marking a decrease of 104.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 88.00 Cr.. The value appears to be declining and may need further review. It has decreased from 131.00 Cr. (Mar 2025) to 88.00 Cr., marking a decrease of 43.00 Cr..
  • For OPM %, as of Jun 2025, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 19.00% (Mar 2025) to 17.00%, marking a decrease of 2.00%.
  • For Other Income, as of Jun 2025, the value is 20.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2025) to 20.00 Cr., marking an increase of 10.00 Cr..
  • For Interest, as of Jun 2025, the value is 10.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 15.00 Cr. (Mar 2025) to 10.00 Cr., marking a decrease of 5.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 8.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7.00 Cr. (Mar 2025) to 8.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 90.00 Cr.. The value appears to be declining and may need further review. It has decreased from 119.00 Cr. (Mar 2025) to 90.00 Cr., marking a decrease of 29.00 Cr..
  • For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 21.00% (Mar 2025) to 25.00%, marking an increase of 4.00%.
  • For Net Profit, as of Jun 2025, the value is 67.00 Cr.. The value appears to be declining and may need further review. It has decreased from 94.00 Cr. (Mar 2025) to 67.00 Cr., marking a decrease of 27.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 2.24. The value appears to be declining and may need further review. It has decreased from 3.14 (Mar 2025) to 2.24, marking a decrease of 0.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 12, 2025, 2:41 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7325536578217168557017421,1581,3961,2912,0172,227
Expenses 6905236187336507946496731,0841,2751,1571,6891,853
Operating Profit 423138876561516974121134327373
OPM % 6%6%6%11%9%7%7%9%6%9%10%16%17%
Other Income 434661216910963551
Interest 26323842444646464448515149
Depreciation 10131515161920191725252728
Profit before tax 9-11-1036119213235764285348
Tax % 35%-34%-32%34%41%41%44%39%39%26%27%24%
Net Profit 5-8-7246518144247216263
EPS in Rs 0.20-0.30-0.280.880.200.170.020.270.531.541.567.148.71
Dividend Payout % 23%0%0%0%0%0%0%19%14%5%6%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-260.00%12.50%442.86%-75.00%-16.67%-80.00%700.00%75.00%200.00%11.90%359.57%
Change in YoY Net Profit Growth (%)0.00%272.50%430.36%-517.86%58.33%-63.33%780.00%-625.00%125.00%-188.10%347.67%

Transformers & Rectifiers India Ltd (TRIL) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:24%
3 Years:20%
TTM:52%
Compounded Profit Growth
10 Years:40%
5 Years:251%
3 Years:148%
TTM:235%
Stock Price CAGR
10 Years:47%
5 Years:151%
3 Years:204%
1 Year:47%
Return on Equity
10 Years:8%
5 Years:13%
3 Years:17%
Last Year:23%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 131313131313131313131314
Reserves 327330321313312317322323330343381540
Borrowings 107170157164209399263308263325330256
Other Liabilities 188294232299341358281289319428463360
Total Liabilities 6348077237898761,0888809339251,1091,1871,170
Fixed Assets 154155192185187195201193181168153144
CWIP 17261111612320335
Investments 100000000114
Other Assets 4636265195926828816767387449361,0301,017
Total Assets 6348077237898761,0888809339251,1091,1871,170

Below is a detailed analysis of the balance sheet data for Transformers & Rectifiers India Ltd (TRIL) based on the most recent figures (Mar 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2024, the value is 14.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Mar 2023) to 14.00 Cr., marking an increase of 1.00 Cr..
  • For Reserves, as of Mar 2024, the value is 540.00 Cr.. The value appears strong and on an upward trend. It has increased from 381.00 Cr. (Mar 2023) to 540.00 Cr., marking an increase of 159.00 Cr..
  • For Borrowings, as of Mar 2024, the value is 256.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 330.00 Cr. (Mar 2023) to 256.00 Cr., marking a decrease of 74.00 Cr..
  • For Other Liabilities, as of Mar 2024, the value is 360.00 Cr.. The value appears to be improving (decreasing). It has decreased from 463.00 Cr. (Mar 2023) to 360.00 Cr., marking a decrease of 103.00 Cr..
  • For Total Liabilities, as of Mar 2024, the value is 1,170.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,187.00 Cr. (Mar 2023) to 1,170.00 Cr., marking a decrease of 17.00 Cr..
  • For Fixed Assets, as of Mar 2024, the value is 144.00 Cr.. The value appears to be declining and may need further review. It has decreased from 153.00 Cr. (Mar 2023) to 144.00 Cr., marking a decrease of 9.00 Cr..
  • For CWIP, as of Mar 2024, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Mar 2023) to 5.00 Cr., marking an increase of 2.00 Cr..
  • For Investments, as of Mar 2024, the value is 4.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Mar 2023) to 4.00 Cr., marking an increase of 3.00 Cr..
  • For Other Assets, as of Mar 2024, the value is 1,017.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,030.00 Cr. (Mar 2023) to 1,017.00 Cr., marking a decrease of 13.00 Cr..
  • For Total Assets, as of Mar 2024, the value is 1,170.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,187.00 Cr. (Mar 2023) to 1,170.00 Cr., marking a decrease of 17.00 Cr..

Notably, the Reserves (540.00 Cr.) exceed the Borrowings (256.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-32933766-102179169622829157
Cash from Investing Activity +-16-30-5-24-31-8-15-7-89-22-625
Cash from Financing Activity +37-50-31-61145-1822-9317-45-10472
Net Cash Flow-11130-1812-113-411-7-34

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-128.00-126.00-126.00-122.00-334.00-202.00-257.00-194.00-251.00-209.00-122.00327.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days19115817116625616121820516416617485
Inventory Days7814715512018210915314710493109118
Days Payable13616020914920311416117912911895109
Cash Conversion Cycle13414511713823515621017313914118894
Working Capital Days9176776357557394606811934
ROCE %7%4%6%15%9%8%8%9%10%15%15%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters74.91%74.91%74.91%74.91%74.91%69.65%69.65%66.16%66.16%64.36%64.36%64.36%
FIIs0.05%0.00%0.02%0.03%0.56%3.48%4.45%8.00%9.34%11.08%11.33%10.94%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%1.89%6.33%6.93%7.68%7.22%6.04%
Public25.05%25.09%25.07%25.07%24.53%26.87%24.00%19.50%17.57%16.88%17.07%18.67%
No. of Shareholders46,81047,58549,01251,34254,11861,97264,97786,04190,21899,6871,45,4631,81,103

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Midcap Fund 3,698,488 1.49 180.87N/AN/AN/A
HSBC Large & Mid Cap Fund 2,209,598 2.48 108.06738,5002025-08-12 12:29:25199.2%
HSBC Aggressive Hybrid Fund 1,476,284 1.3 72.2N/AN/AN/A
HSBC ELSS Tax saver Fund 1,092,700 1.26 53.44667,0002025-08-12 12:29:2563.82%
Aditya Birla Sun Life Small Cap Fund 1,034,762 0.99 50.61N/AN/AN/A
HSBC Flexi Cap Fund 1,009,532 0.96 49.37N/AN/AN/A
Invesco India Infrastructure Fund 446,386 1.36 21.83N/AN/AN/A
HSBC Infrastructure Fund 370,200 0.73 18.1N/AN/AN/A
HSBC Equity Savings Fund 131,202 0.99 6.42130,0002025-08-12 12:29:250.92%
Nippon India Nifty Smallcap 250 Index Fund 130,872 0.26 6.4N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 7.213.243.071.060.53
Diluted EPS (Rs.) 7.213.243.071.060.53
Cash EPS (Rs.) 8.115.035.042.362.04
Book Value[Excl.RevalReserv]/Share (Rs.) 41.7139.4930.2427.4026.41
Book Value[Incl.RevalReserv]/Share (Rs.) 41.7139.4930.2427.4026.41
Revenue From Operations / Share (Rs.) 67.2890.81104.1687.3855.98
PBDIT / Share (Rs.) 11.979.819.776.335.89
PBIT / Share (Rs.) 11.078.087.925.054.43
PBT / Share (Rs.) 9.494.524.301.760.94
Net Profit / Share (Rs.) 7.213.303.191.080.57
NP After MI And SOA / Share (Rs.) 7.143.123.071.060.53
PBDIT Margin (%) 17.7810.809.387.2410.52
PBIT Margin (%) 16.458.897.605.777.91
PBT Margin (%) 14.104.974.132.011.68
Net Profit Margin (%) 10.713.633.061.231.03
NP After MI And SOA Margin (%) 10.613.432.941.200.95
Return on Networth / Equity (%) 17.118.0210.353.922.05
Return on Capital Employeed (%) 24.0018.3121.9715.2813.61
Return On Assets (%) 9.803.803.431.260.76
Long Term Debt / Equity (X) 0.060.090.160.150.19
Total Debt / Equity (X) 0.220.460.830.900.71
Asset Turnover Ratio (%) 1.201.101.201.120.79
Current Ratio (X) 1.741.831.401.351.44
Quick Ratio (X) 1.191.321.010.960.99
Inventory Turnover Ratio (X) 3.963.283.734.242.63
Dividend Payout Ratio (NP) (%) 1.334.464.882.370.00
Dividend Payout Ratio (CP) (%) 1.182.873.041.070.00
Earning Retention Ratio (%) 98.6795.5495.1297.630.00
Cash Earning Retention Ratio (%) 98.8297.1396.9698.930.00
Interest Coverage Ratio (X) 7.102.752.701.921.69
Interest Coverage Ratio (Post Tax) (X) 5.211.931.881.331.17
Enterprise Value (Cr.) 16218.975879.031074.92720.44443.51
EV / Net Operating Revenue (X) 8.034.540.770.620.59
EV / EBITDA (X) 45.1642.028.308.595.68
MarketCap / Net Operating Revenue (X) 7.974.360.550.370.29
Retention Ratios (%) 98.6695.5395.1197.620.00
Price / BV (X) 12.8510.181.931.230.63
Price / Net Operating Revenue (X) 7.974.360.550.370.29
EarningsYield 0.010.010.050.030.03

After reviewing the key financial ratios for Transformers & Rectifiers India Ltd (TRIL), here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 7.21. This value is within the healthy range. It has increased from 3.24 (Mar 24) to 7.21, marking an increase of 3.97.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 7.21. This value is within the healthy range. It has increased from 3.24 (Mar 24) to 7.21, marking an increase of 3.97.
  • For Cash EPS (Rs.), as of Mar 25, the value is 8.11. This value is within the healthy range. It has increased from 5.03 (Mar 24) to 8.11, marking an increase of 3.08.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 41.71. It has increased from 39.49 (Mar 24) to 41.71, marking an increase of 2.22.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 41.71. It has increased from 39.49 (Mar 24) to 41.71, marking an increase of 2.22.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 67.28. It has decreased from 90.81 (Mar 24) to 67.28, marking a decrease of 23.53.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 11.97. This value is within the healthy range. It has increased from 9.81 (Mar 24) to 11.97, marking an increase of 2.16.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 11.07. This value is within the healthy range. It has increased from 8.08 (Mar 24) to 11.07, marking an increase of 2.99.
  • For PBT / Share (Rs.), as of Mar 25, the value is 9.49. This value is within the healthy range. It has increased from 4.52 (Mar 24) to 9.49, marking an increase of 4.97.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 7.21. This value is within the healthy range. It has increased from 3.30 (Mar 24) to 7.21, marking an increase of 3.91.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 7.14. This value is within the healthy range. It has increased from 3.12 (Mar 24) to 7.14, marking an increase of 4.02.
  • For PBDIT Margin (%), as of Mar 25, the value is 17.78. This value is within the healthy range. It has increased from 10.80 (Mar 24) to 17.78, marking an increase of 6.98.
  • For PBIT Margin (%), as of Mar 25, the value is 16.45. This value is within the healthy range. It has increased from 8.89 (Mar 24) to 16.45, marking an increase of 7.56.
  • For PBT Margin (%), as of Mar 25, the value is 14.10. This value is within the healthy range. It has increased from 4.97 (Mar 24) to 14.10, marking an increase of 9.13.
  • For Net Profit Margin (%), as of Mar 25, the value is 10.71. This value exceeds the healthy maximum of 10. It has increased from 3.63 (Mar 24) to 10.71, marking an increase of 7.08.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 10.61. This value is within the healthy range. It has increased from 3.43 (Mar 24) to 10.61, marking an increase of 7.18.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 17.11. This value is within the healthy range. It has increased from 8.02 (Mar 24) to 17.11, marking an increase of 9.09.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 24.00. This value is within the healthy range. It has increased from 18.31 (Mar 24) to 24.00, marking an increase of 5.69.
  • For Return On Assets (%), as of Mar 25, the value is 9.80. This value is within the healthy range. It has increased from 3.80 (Mar 24) to 9.80, marking an increase of 6.00.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.09 (Mar 24) to 0.06, marking a decrease of 0.03.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.22. This value is within the healthy range. It has decreased from 0.46 (Mar 24) to 0.22, marking a decrease of 0.24.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.20. It has increased from 1.10 (Mar 24) to 1.20, marking an increase of 0.10.
  • For Current Ratio (X), as of Mar 25, the value is 1.74. This value is within the healthy range. It has decreased from 1.83 (Mar 24) to 1.74, marking a decrease of 0.09.
  • For Quick Ratio (X), as of Mar 25, the value is 1.19. This value is within the healthy range. It has decreased from 1.32 (Mar 24) to 1.19, marking a decrease of 0.13.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.96. This value is below the healthy minimum of 4. It has increased from 3.28 (Mar 24) to 3.96, marking an increase of 0.68.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 1.33. This value is below the healthy minimum of 20. It has decreased from 4.46 (Mar 24) to 1.33, marking a decrease of 3.13.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 1.18. This value is below the healthy minimum of 20. It has decreased from 2.87 (Mar 24) to 1.18, marking a decrease of 1.69.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 98.67. This value exceeds the healthy maximum of 70. It has increased from 95.54 (Mar 24) to 98.67, marking an increase of 3.13.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 98.82. This value exceeds the healthy maximum of 70. It has increased from 97.13 (Mar 24) to 98.82, marking an increase of 1.69.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 7.10. This value is within the healthy range. It has increased from 2.75 (Mar 24) to 7.10, marking an increase of 4.35.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 5.21. This value is within the healthy range. It has increased from 1.93 (Mar 24) to 5.21, marking an increase of 3.28.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 16,218.97. It has increased from 5,879.03 (Mar 24) to 16,218.97, marking an increase of 10,339.94.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 8.03. This value exceeds the healthy maximum of 3. It has increased from 4.54 (Mar 24) to 8.03, marking an increase of 3.49.
  • For EV / EBITDA (X), as of Mar 25, the value is 45.16. This value exceeds the healthy maximum of 15. It has increased from 42.02 (Mar 24) to 45.16, marking an increase of 3.14.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 7.97. This value exceeds the healthy maximum of 3. It has increased from 4.36 (Mar 24) to 7.97, marking an increase of 3.61.
  • For Retention Ratios (%), as of Mar 25, the value is 98.66. This value exceeds the healthy maximum of 70. It has increased from 95.53 (Mar 24) to 98.66, marking an increase of 3.13.
  • For Price / BV (X), as of Mar 25, the value is 12.85. This value exceeds the healthy maximum of 3. It has increased from 10.18 (Mar 24) to 12.85, marking an increase of 2.67.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 7.97. This value exceeds the healthy maximum of 3. It has increased from 4.36 (Mar 24) to 7.97, marking an increase of 3.61.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Transformers & Rectifiers India Ltd (TRIL) as of August 16, 2025 is: 457.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of August 16, 2025, Transformers & Rectifiers India Ltd (TRIL) is Overvalued by 9.56% compared to the current share price 506.00

Intrinsic Value of Transformers & Rectifiers India Ltd (TRIL) as of August 16, 2025 is: 801.06

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of August 16, 2025, Transformers & Rectifiers India Ltd (TRIL) is Undervalued by 58.31% compared to the current share price 506.00

Last 5 Year EPS CAGR: 75.04%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (346.58 cr) compared to borrowings (245.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (444.92 cr) and profit (64.31 cr) over the years.
  1. The stock has a low average ROCE of 11.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 72.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 155.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Transformers & Rectifiers India Ltd (TRIL):
    1. Net Profit Margin: 10.71%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24% (Industry Average ROCE: 19.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17.11% (Industry Average ROE: 17.42%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 5.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.19
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 58.6 (Industry average Stock P/E: 41.51)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.22
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Transformers & Rectifiers (India) Ltd. is a Public Limited Listed company incorporated on 11/07/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L33121GJ1994PLC022460 and registration number is 022460. Currently Company is involved in the business activities of Manufacture of electric power distribution transformers, arc-welding transformers, fluorescent ballasts, transmission and distribution voltage regulators. Company's Total Operating Revenue is Rs. 1950.14 Cr. and Equity Capital is Rs. 30.02 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentSurvey No.427 P/3-4 & 431 P/1-2, Ahmedabad District Gujarat 382213cs@transformerindia.com
http://www.transformerindia.com
Management
NamePosition Held
Mr. Jitendra U MamtoraChairman & Wholetime Director
Mr. Satyen J MamtoraManaging Director
Mrs. Karuna J MamtoraExecutive Director
Mr. Rajendra S ShahIndependent Director
Mr. Subir Kumar DasIndependent Director
Mrs. Tanvi V RangwalaIndependent Director

FAQ

What is the intrinsic value of Transformers & Rectifiers India Ltd (TRIL)?

Transformers & Rectifiers India Ltd (TRIL)'s intrinsic value (as of 16 August 2025) is ₹457.63 which is 9.56% lower the current market price of ₹506.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹15,179 Cr. market cap, FY2025-2026 high/low of ₹650/299, reserves of ₹540 Cr, and liabilities of ₹1,170 Cr.

What is the Market Cap of Transformers & Rectifiers India Ltd (TRIL)?

The Market Cap of Transformers & Rectifiers India Ltd (TRIL) is 15,179 Cr..

What is the current Stock Price of Transformers & Rectifiers India Ltd (TRIL) as on 16 August 2025?

The current stock price of Transformers & Rectifiers India Ltd (TRIL) as on 16 August 2025 is 506.

What is the High / Low of Transformers & Rectifiers India Ltd (TRIL) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Transformers & Rectifiers India Ltd (TRIL) stocks is 650/299.

What is the Stock P/E of Transformers & Rectifiers India Ltd (TRIL)?

The Stock P/E of Transformers & Rectifiers India Ltd (TRIL) is 58.6.

What is the Book Value of Transformers & Rectifiers India Ltd (TRIL)?

The Book Value of Transformers & Rectifiers India Ltd (TRIL) is 41.7.

What is the Dividend Yield of Transformers & Rectifiers India Ltd (TRIL)?

The Dividend Yield of Transformers & Rectifiers India Ltd (TRIL) is 0.04 %.

What is the ROCE of Transformers & Rectifiers India Ltd (TRIL)?

The ROCE of Transformers & Rectifiers India Ltd (TRIL) is 28.0 %.

What is the ROE of Transformers & Rectifiers India Ltd (TRIL)?

The ROE of Transformers & Rectifiers India Ltd (TRIL) is 23.4 %.

What is the Face Value of Transformers & Rectifiers India Ltd (TRIL)?

The Face Value of Transformers & Rectifiers India Ltd (TRIL) is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Transformers & Rectifiers India Ltd (TRIL). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE