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Transformers and Rectifiers (India) Limited (TARIL) Fair Value & Analysis

Industrials · IN · Market cap ₹101B

TA Transformers and Rectifiers (India) Limited TARIL · NSE
Price₹336.75
Fair Value₹149.03
Upside-55.7%
Quality44/100
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Evidence: High Range ₹85.73 – ₹196.93

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price +8.0% over the past month.

Price vs Fair Value (12 months)

₹558.90 ₹229.58 Fair Value ₹149.03 Jun 2025 Jul 2026

12‑month range ₹229.58 – ₹558.90 · fair‑value band ₹85.73 – ₹196.93 · the ₹336.75 price screens above the ₹149.03 fair value. As of Jul 3, 2026.

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Analysis

Transformers and Rectifiers (India) Limited (TARIL) currently trades at ₹336.75, while our model-based Fair Value estimate is ₹149.03 — implying the stock looks roughly 55.7% overvalued today. We read business quality at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Transformers and Rectifiers (India) Limited generated revenue of ₹25.1B at a net margin of 10.5%. Revenue grew 15.7% year over year. It earns a return on equity of 19.3%. Net debt stands at ₹3.2B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹25.1B
Revenue growth (YoY) +15.7%
Net margin 10.5%
Return on equity 19.3%
Free cash flow −₹2.6B FY2026
P/E ratio 38.2
More key figures
Operating margin 14.2%
EPS (TTM) ₹8.82
EPS growth (YoY) -4.1%
Net debt ₹3.2B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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. In addition, the company provides furnace transformers consisting of electric arc furnace and submerged arc furnace transformers, ladle refining furnace transformers, induction furnace transformers, and DC arc furnace transformers; specialty transformers, including testing and earthing transformers and transformers …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Transformers and Rectifiers (India) Limited reported revenue of ₹25.1B in FY2026 versus ₹11.5B in FY2022, a compound +21.7%/yr. Reported net income was ₹2.6B in FY2026, compounding +108.5%/yr from FY2022.

Revenue +21.7%/yr
FY22 ₹11.5B
FY23 ₹13.7B
FY24 ₹12.9B
FY25 ₹20.2B
FY26 ₹25.1B
Net income +108.5%/yr
FY22 ₹140M
FY23 ₹407M
FY24 ₹445M
FY25 ₹2.1B
FY26 ₹2.6B

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Frequently asked questions

Is Transformers and Rectifiers (India) Limited (TARIL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹149.03 versus a price of ₹336.75 — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TARIL?
Our model-based fair value for Transformers and Rectifiers (India) Limited is ₹149.03 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹336.75.
What is the quality score of TARIL?
Transformers and Rectifiers (India) Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Transformers and Rectifiers (India) Limited (TARIL)?
Transformers and Rectifiers (India) Limited reported trailing-twelve-month revenue of about ₹25.1B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of TARIL?
The net profit margin of Transformers and Rectifiers (India) Limited is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.