Transformers and Rectifiers (India) Limited

BSE:532928 Stock Report

Market Cap: ₹140.2b

Transformers and Rectifiers (India) Valuation

Is 532928 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532928 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532928 (₹933.9) is trading above our estimate of fair value (₹473.08)

Significantly Below Fair Value: 532928 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532928?

Key metric: As 532928 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532928. This is calculated by dividing 532928's market cap by their current earnings.
What is 532928's PE Ratio?
PE Ratio116x
Earnings₹1.21b
Market Cap₹140.16b

Price to Earnings Ratio vs Peers

How does 532928's PE Ratio compare to its peers?

The above table shows the PE ratio for 532928 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.6x
FINCABLES Finolex Cables
24.5x10.3%₹171.0b
532953 V-Guard Industries
62.6x20.5%₹185.8b
SCHNEIDER Schneider Electric Infrastructure
89xn/a₹175.3b
517271 HBL Engineering
46.2xn/a₹151.6b
532928 Transformers and Rectifiers (India)
116x50.8%₹140.2b

Price-To-Earnings vs Peers: 532928 is expensive based on its Price-To-Earnings Ratio (116x) compared to the peer average (55.6x).


Price to Earnings Ratio vs Industry

How does 532928's PE Ratio compare vs other companies in the IN Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
504058 Indo National
2.7xn/aUS$45.01m
533203 Tarapur Transformers
4.5xn/aUS$7.22m
No more companies available in this PE range
532928 116.0xIndustry Avg. 45.5xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532928 is expensive based on its Price-To-Earnings Ratio (116x) compared to the Indian Electrical industry average (46x).


Price to Earnings Ratio vs Fair Ratio

What is 532928's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532928 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio116x
Fair PE Ratio81.5x

Price-To-Earnings vs Fair Ratio: 532928 is expensive based on its Price-To-Earnings Ratio (116x) compared to the estimated Fair Price-To-Earnings Ratio (81.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532928 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹933.90
₹920.50
-1.4%
6.5%₹980.00₹861.00n/a2
Nov ’25₹917.85
₹920.50
+0.3%
6.5%₹980.00₹861.00n/a2
Oct ’25₹651.75
₹920.50
+41.2%
6.5%₹980.00₹861.00n/a2
Sep ’25₹742.50
₹920.50
+24.0%
6.5%₹980.00₹861.00n/a2
Aug ’25₹733.85
₹920.50
+25.4%
6.5%₹980.00₹861.00n/a2
Jul ’25₹761.05
₹718.00
-5.7%
19.9%₹861.00₹575.00n/a2
Jun ’25₹699.65
₹711.00
+1.6%
19.1%₹847.00₹575.00n/a2

Analyst Forecast: Target price is lower than the current share price.


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