Transformers and Rectifiers (India) (532928) Stock Overview
Manufactures and sells transformers in India. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
532928 Community Fair Values
Create NarrativeSee what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Transformers and Rectifiers (India) Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹320.65 |
| 52 Week High | ₹578.65 |
| 52 Week Low | ₹224.30 |
| Beta | -0.25 |
| 1 Month Change | -4.05% |
| 3 Month Change | 3.42% |
| 1 Year Change | -38.41% |
| 3 Year Change | 664.18% |
| 5 Year Change | 2,202.69% |
| Change since IPO | 654.78% |
Recent News & Updates
Narrative Update • Apr 21
532928: Leadership Changes And Steady Assumptions Will Support Future Upside Potential
Analysts have kept their fair value estimate for Transformers and Rectifiers (India) steady at ₹398.5, with only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this unchanged price target. What's in the News A board meeting is scheduled on April 21, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend for the year, if any (company filing).Narrative Update • Apr 07
532928: Leadership Transition And Stable Assumptions Will Support Future Upside Potential
Analysts have maintained the fair value estimate for Transformers and Rectifiers (India) at ₹398.5. A slightly lower discount rate and a marginally reduced future P/E assumption are cited as key reasons for the unchanged price target. What's in the News Board meeting scheduled for March 5, 2026, at 11:30 Indian Standard Time to record the resignation of Chief Financial Officer (CFO) Mr. Chanchal S.Recent updates
Narrative Update • Apr 21
532928: Leadership Changes And Steady Assumptions Will Support Future Upside Potential
Analysts have kept their fair value estimate for Transformers and Rectifiers (India) steady at ₹398.5, with only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this unchanged price target. What's in the News A board meeting is scheduled on April 21, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend for the year, if any (company filing).Narrative Update • Apr 07
532928: Leadership Transition And Stable Assumptions Will Support Future Upside Potential
Analysts have maintained the fair value estimate for Transformers and Rectifiers (India) at ₹398.5. A slightly lower discount rate and a marginally reduced future P/E assumption are cited as key reasons for the unchanged price target. What's in the News Board meeting scheduled for March 5, 2026, at 11:30 Indian Standard Time to record the resignation of Chief Financial Officer (CFO) Mr. Chanchal S.Narrative Update • Mar 24
532928: Leadership Changes And Stable Assumptions Will Support Future Upside Potential
Analysts have kept their fair value estimate for Transformers and Rectifiers (India) steady at ₹398.5 per share, with small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions shaping this unchanged price target. What's in the News Board meeting scheduled for March 5, 2026, at 11:30 IST to record the resignation of Chief Financial Officer (Key Managerial Personnel) Chanchal S.Narrative Update • Mar 08
532928: Leadership Transitions And Stable Assumptions Will Support Future Upside Potential
Analysts have maintained their fair value estimate for Transformers and Rectifiers (India) at ₹398.5, with only marginal adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, reflecting fine tuning rather than a shift in their overall view. What's in the News Board meeting scheduled on March 5, 2026, at 11:30 IST to record the resignation of Chief Financial Officer (Key Managerial Personnel) Mr. Chanchal S.Narrative Update • Feb 22
532928: Power Grid And GETCO Orders Will Support Future Upside Potential
Analysts have kept the fair value estimate for Transformers and Rectifiers (India) steady at ₹398.5, with only small tweaks to assumptions around discount rate, revenue growth, profit margins and future P/E feeding into this unchanged price target. What's in the News Board meeting on January 8, 2026 to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider CEO resignation and appointment (company filing).Narrative Update • Feb 07
532928: Power Grid And GETCO Orders Will Drive Future Upside
Analysts have kept their fair value estimate for Transformers and Rectifiers (India) steady at ₹398.50. A slightly lower discount rate and marginally adjusted future P/E assumptions are guiding this unchanged price target.Narrative Update • Jan 23
532928: Large Power Grid And GETCO Orders Will Drive Upside Ahead
Analysts have trimmed their fair value estimate for Transformers and Rectifiers (India) from ₹412.50 to ₹398.50, reflecting slightly softer assumptions on revenue growth, profit margin, discount rate and future P/E multiples. What's in the News The board accepted the resignation of CEO Mukul Srivastava, effective at the close of business on January 7, 2026, and recorded this change in its January 8, 2026 meeting (Board meeting filing).Narrative Update • Jan 08
532928: Large Domestic Orders Will Support Earnings Visibility And Underappreciated Upside Ahead
Analysts have kept their fair value estimate for Transformers and Rectifiers (India) unchanged at ₹412.50, while making modest adjustments to assumptions such as the discount rate and future P/E. This reflects a fine-tuning of their view rather than a major shift in outlook.Narrative Update • Dec 24
532928: Large Domestic Orders Will Support Stronger Earnings Visibility Ahead
Analysts have nudged their price target for Transformers and Rectifiers (India) modestly higher to ₹412.5, reflecting slightly lower perceived risk and a marginally richer justified earnings multiple, while growth and margin expectations remain largely unchanged. What's in the News Secured a high value INR 533.3 million order from Power Grid Corporation of India Limited for repair, erection, testing, and commissioning of a 397 MVA HVDC converter transformer and related works, with delivery targeted by next financial year (company announcement).Narrative Update • Dec 10
532928: Large Domestic Orders Will Support Stronger Earnings Visibility Ahead
Analysts have modestly raised their price target on Transformers and Rectifiers (India) to ₹412.50, citing a slightly higher required return, along with sustained expectations for strong revenue growth and stable profit margins. What's in the News Secured an INR 533.3 million domestic order from Power Grid Corporation of India Limited for repair, erection, testing, and commissioning of a 397 MVA HVDC converter transformer and related works, with delivery targeted for the next financial year (Client Announcements).Narrative Update • Nov 26
532928: Recent Board Developments And Major Order Win Will Support Future Upside
Narrative Update on Transformers and Rectifiers (India) Analysts have maintained the fair value estimate for Transformers and Rectifiers (India) at ₹412.5 per share. They cite improvements in revenue growth and profit margins, which offset a slight reduction in the future price-to-earnings ratio.Narrative Update • Nov 11
532928: Leadership Changes And Board Actions Will Drive Market Reassessment
Analysts have lowered their price target for Transformers and Rectifiers (India) from ₹702.5 to ₹412.5, citing a more conservative outlook on revenue growth, profit margins, and future earnings multiples. What's in the News A board meeting is scheduled on November 8, 2025, to review and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments).
New Narrative • Jan 28
Backward Integration And Automation Will Improve Future Profitability
Backward integration and strategic technological tie-ups aim to enhance supply chain efficiency, reduce costs, and improve profitability and margins.Shareholder Returns
| 532928 | IN Electrical | IN Market | |
|---|---|---|---|
| 7D | 3.4% | 4.8% | 0.4% |
| 1Y | -38.4% | 30.9% | -0.6% |
Return vs Industry: 532928 underperformed the Indian Electrical industry which returned 30.9% over the past year.
Return vs Market: 532928 underperformed the Indian Market which returned -0.6% over the past year.
Price Volatility
| 532928 volatility | |
|---|---|
| 532928 Average Weekly Movement | 8.1% |
| Electrical Industry Average Movement | 8.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.3% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: 532928 has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: 532928's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 553 | Satyen Mamtora | www.transformerindia.com |
Transformers and Rectifiers (India) Limited, together with its subsidiaries, manufactures and sells transformers in India. The company provides power transformers, such as generator transformers, unit and station auxiliary transformers, small and medium power transformers, and trackside transformers for railways; and rectifier transformers, including 6 and 12/24 pulse transformers with IPT, as well as transformers for bridge construction. It offers distribution transformers, including energy efficient transformers, transformers with packaged substations, copper and aluminium wounds, hermitically sealed type transformers, and transformers with corrugated cooling fins.
Transformers and Rectifiers (India) Limited Fundamentals Summary
| 532928 fundamental statistics | |
|---|---|
| Market cap | ₹96.25b |
| Earnings (TTM) | ₹2.64b |
| Revenue (TTM) | ₹25.09b |
36.4x
P/E Ratio3.8x
P/S RatioIs 532928 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 532928 income statement (TTM) | |
|---|---|
| Revenue | ₹25.09b |
| Cost of Revenue | ₹16.95b |
| Gross Profit | ₹8.14b |
| Other Expenses | ₹5.50b |
| Earnings | ₹2.64b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.81 |
| Gross Margin | 32.44% |
| Net Profit Margin | 10.54% |
| Debt/Equity Ratio | 29.6% |
How did 532928 perform over the long term?
See historical performance and comparisonDividends
0.08%
Current Dividend Yield3%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/30 03:17 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Transformers and Rectifiers (India) Limited is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bhalchandra Shinde | Anand Rathi Shares and Stock Brokers Limited |
| null null | Antique Stockbroking Ltd. |
| John Perinchery | Asian Markets Securities Private Limited |