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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Transformers & Rectifiers India Ltd (TRIL)

About the Company - Transformers & Rectifiers India Ltd (TRIL)

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 belongs to the Industry of Power - Transmission/Equipment. Company’s Total Operating Revenue is Rs. 1122.58 Cr. and Equity Capital is Rs. 13.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentSurvey No.427 P/3-4 & 431 P/1-2, Sarkhej-Bavla Highway, Ahmedabad District Gujarat 382213cs@transformerindia.com
http://www.transformerindia.com
Management
NamePosition Held
Mr. Jitendra MamtoraChairman & Wholetime Director
Mr. Satyen MamtoraManaging Director
Mrs. Karuna MamtoraExecutive Director
Mr. Bhaskar SenIndependent Director
Mr. Rajendra ShahIndependent Director
Mr. Subir Kumar DasIndependent Director

Transformers & Rectifiers (India) Ltd. Share Price Update

Share PriceValue
Today₹342.00
Previous Day₹345.00

Basic Stock Data of Transformers & Rectifiers India Ltd (TRIL)

Market Cap 4,856 Cr.
Current Price 341
High / Low397/52.2
Stock P/E347
Book Value 26.7
Dividend Yield0.04 %
ROCE14.8 %
ROE10.8 %
Face Value 1.00

Data Source: screener.in

Competitors of Transformers & Rectifiers India Ltd (TRIL)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Power Grid Corporation of India Ltd 2,62,230 Cr. 282292/15916.7 93.43.84 %13.1 %19.6 % 10.0
Adani Energy Solutions Ltd 1,19,692 Cr. 1,0731,250/630103 1070.00 %10.2 %11.6 % 10.0
Aartech Solonics Ltd 174 Cr. 164191/0.00119 28.50.31 %6.90 %4.88 % 10.0
Voltamp Transformers Ltd 7,570 Cr. 7,4828,580/2,57126.1 1,1520.53 %25.1 %19.2 % 10.0
Industry Average46 Cr113.566.257.481.17%13.83%13.82%10

Transformers & Rectifiers India Ltd (TRIL) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales168284217267335341300325332438156257369
Expenses150262201246317324278291300406151237331
Operating Profit1822162118162334313342038
OPM %11%8%8%8%5%5%8%10%9%7%3%8%10%
Other Income1631532241112
Interest12131010101310131212151213
Depreciation5544534497666
Profit before tax210488210181415-15321
Tax %54%36%35%34%34%84%36%34%-2%35%20%37%24%
Net Profit1735606121410-12216
EPS in Rs0.050.490.210.360.390.100.480.871.040.68-0.950.121.09

Transformers & Rectifiers India Ltd (TRIL) Quarterly Chart

Transformers & Rectifiers India Ltd (TRIL) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5195127325536578217168557017421,1581,3801,220
Expenses4934896905236187336507946496731,0841,2591,125
Operating Profit262342313887656151697412195
OPM %5%5%6%6%6%11%9%7%7%9%6%9%8%
Other Income6543466121691085
Interest11132632384244464646444851
Depreciation781013151516192019172526
Profit before tax1589-11-1036119213235723
Tax %31%25%35%34%32%34%41%41%44%39%39%26%
Net Profit1055-8-7246518144215
EPS in Rs0.700.340.39-0.61-0.571.760.410.340.030.531.063.070.94
Dividend Payout %2%21%23%0%0%0%0%0%0%19%14%5%

Transformers & Rectifiers India Ltd (TRIL) Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-50.00%0.00%-260.00%12.50%442.86%-75.00%-16.67%-80.00%700.00%75.00%200.00%
Change in YoY Net Profit Growth (%)0.00%50.00%-260.00%272.50%430.36%-517.86%58.33%-63.33%780.00%-625.00%125.00%

Transformers & Rectifiers India Ltd (TRIL) Growth

Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:25%
TTM:-6%
Compounded Profit Growth
10 Years:24%
5 Years:50%
3 Years:367%
TTM:-56%
Stock Price CAGR
10 Years:46%
5 Years:99%
3 Years:172%
1 Year:454%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:6%
Last Year:11%

Transformers & Rectifiers India Ltd (TRIL) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313131313
Reserves323327330321313312317322323330343380368
Borrowings44107170157164209399263308263325330383
Other Liabilities153188294232299341358281289319428464502
Total Liabilities5336348077237898761,0888809339251,1091,1871,266
Fixed Assets106154155192185187195201193181168153145
CWIP3017261111612320336
Investments2100000000110
Other Assets3964636265195926828816767387449361,0301,116
Total Assets5336348077237898761,0888809339251,1091,1871,266

Transformers & Rectifiers India Ltd (TRIL) Reserves and Borrowings Chart

Transformers & Rectifiers India Ltd (TRIL) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 90-43-32933766-1021791696228
Cash from Investing Activity -25-37-16-30-5-24-31-8-15-7-89
Cash from Financing Activity -415437-50-31-61145-1822-9317-45
Net Cash Flow23-27-11130-1812-113-411-7

Transformers & Rectifiers India Ltd (TRIL) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days124164191158171166256161218205164168
Inventory Days84957814715512018210915314710493
Days Payable6685136160209149203114161179129118
Cash Conversion Cycle141174134145117138235156210173139143
Working Capital Days116192161159134133238146203190145139
ROCE %6%5%7%4%6%15%9%8%8%9%10%15%

Transformers & Rectifiers India Ltd (TRIL) Financial Efficiency Indicators Chart

Transformers & Rectifiers India Ltd (TRIL) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.91%74.91%74.91%74.91%74.91%74.91%74.91%74.91%74.91%74.91%74.91%69.65%
FIIs0.00%0.04%0.01%0.06%0.19%0.00%0.05%0.00%0.02%0.03%0.56%3.48%
Public25.09%25.05%25.08%25.04%24.90%25.09%25.05%25.09%25.07%25.07%24.53%26.87%
No. of Shareholders37,26541,44039,96143,97646,77346,39646,81047,58549,01251,34254,11861,972

Transformers & Rectifiers India Ltd (TRIL) Shareholding Pattern Chart

No. of Transformers & Rectifiers India Ltd (TRIL) Shareholders

Transformers & Rectifiers India Ltd (TRIL) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Large & Mid Cap Fund7385000.9525.69
HSBC ELSS Tax saver Fund6670000.6423.2
HSBC Equity Savings Fund1300002.044.52
HSBC Conservative Hybrid Fund300000.941.04

Transformers & Rectifiers India Ltd (TRIL) ROCE Trend

Transformers & Rectifiers India Ltd (TRIL) EPS Trend

Transformers & Rectifiers India Ltd (TRIL) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.38-2.38-1.01-4.00-2.09
Diluted EPS (Rs.)-0.38-2.38-1.01-4.00-2.09
Cash EPS (Rs.)-0.38-2.38-1.01-4.00-2.09
Book Value[Excl.RevalReserv]/Share (Rs.)9.293.005.426.2110.35
Book Value[Incl.RevalReserv]/Share (Rs.)9.293.005.426.2110.35
Revenue From Operations / Share (Rs.)0.000.002.551.340.84
PBDIT / Share (Rs.)-0.38-2.38-1.01-4.00-2.09
PBIT / Share (Rs.)-0.38-2.38-1.01-4.00-2.09
PBT / Share (Rs.)-0.38-2.38-1.01-4.00-2.09
Net Profit / Share (Rs.)-0.38-2.38-1.01-4.00-2.09
PBDIT Margin (%)0.000.00-39.45-297.43-246.30
PBIT Margin (%)0.000.00-39.45-297.43-246.30
PBT Margin (%)0.000.00-39.45-297.43-246.30
Net Profit Margin (%)0.000.00-39.45-297.43-246.30
Return on Networth / Equity (%)-4.11-79.28-18.60-64.32-20.18
Return on Capital Employeed (%)-4.09-58.86-15.60-56.72-20.18
Return On Assets (%)-4.07-48.09-11.87-49.65-19.67
Long Term Debt / Equity (X)0.010.340.190.130.00
Total Debt / Equity (X)0.010.340.190.130.00
Asset Turnover Ratio (%)0.000.000.300.140.07
Current Ratio (X)176.875.204.067.9638.71
Quick Ratio (X)176.875.204.067.9638.71
Enterprise Value (Cr.)6.690.300.330.320.20
EV / Net Operating Revenue (X)0.000.005.3510.069.76
EV / EBITDA (X)-34.27-5.17-13.57-3.38-3.96
MarketCap / Net Operating Revenue (X)0.000.005.139.7415.44
Price / BV (X)1.414.362.422.111.27
Price / Net Operating Revenue (X)0.000.005.139.7515.45
EarningsYield-0.02-0.18-0.07-0.30-0.15

Transformers & Rectifiers India Ltd (TRIL) Profitability Ratios (%)

Transformers & Rectifiers India Ltd (TRIL) Liquidity Ratios

Transformers & Rectifiers India Ltd (TRIL) Liquidity Ratios (%)

Transformers & Rectifiers India Ltd (TRIL) Interest Coverage Ratios (X)

Transformers & Rectifiers India Ltd (TRIL) Valuation Ratios

Fair Value / Intrinsic Value of Transformers & Rectifiers India Ltd (TRIL)

Fair Value: ₹1001.01

The stock is undervalued by 193.55% compared to the current price ₹341

*Investments are subject to market risks

Strength and Weakness of Transformers & Rectifiers India Ltd (TRIL)

StrengthWeakness
  1. The company has higher reserves (331.46 cr) compared to borrowings (240.15 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (523.92 cr) and profit (14.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of -1.97 and average Dividend Yield of -116.64%.
  2. The stock has a low average ROCE of 8.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 163.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 158.75, which may not be favorable.

Should I Buy Transformers & Rectifiers India Ltd (TRIL) Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Transformers & Rectifiers India Ltd (TRIL):
    1. Net Profit Margin: 0.00%
      • 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: -4.09% (Industry Average ROCE: 13.83%)
      • 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. Interest Coverage Ratio (Post Tax): N/A
      • 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.
    4. Quick Ratio: 176.87
      • 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.
    5. ✗ Stock P/E: 350 (Industry average Stock P/E: 65.13)
      • 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.
    6. ✓ Total Debt / Equity: 0.01
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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