# TARIL (TARIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/taril

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹279.8
- Change: +1.47%
- As of: 2026-09-18
- 1D return: +1.39%
- 5D return: -3.48%
- 1M return: -1.86%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, the stock is trading at ₹276.0, below its key moving averages on the daily timeframe, suggesting a bearish technical stance. The daily trend indicators show a lack of strong directional momentum, with the ADX at 17.79 and the minus DI (28.13) above the plus DI (20.57). This is further reinforced by the Supertrend indicator being in a bearish direction. The daily chart shows a "Shooting Star" pattern formed on September 17, 2026, which can sometimes signal a potential reversal or indecision.

In contrast, the weekly timeframe presents a mixed picture. While the price is below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), the Supertrend indicator is in a bullish direction. However, the ADX on the weekly chart is low at 10.19, indicating weak trend strength. The monthly timeframe also shows a bearish trend, with the price below its EMAs and SMAs, and the Supertrend indicator in a bearish direction, with a low ADX of 10.74.

The nearest support level is ₹275.32, approximately 0.25% below the current price, followed by ₹272.85. Resistance is observed at ₹281.08, about 1.84% above the current price, and then at ₹285.07. The stock's annualized volatility is 0.57, and its current drawdown is -0.52, indicating elevated risk. The stock has experienced a maximum drawdown of -0.60 over its history.

- Daily trend is bearish, with price below key moving averages (EMA 20, EMA 50, SMA 20, SMA 50, SMA 200) and Supertrend.
- Weekly trend shows conflicting signals: price below short-term moving averages but Supertrend is bullish; however, overall trend strength (ADX 10.19) is weak.
- Monthly trend is bearish, with price below key moving averages and Supertrend.
- Nearest support is at ₹275.32 (0.25% below current price), with resistance at ₹281.08 (1.84% above current price).
- A "Shooting Star" pattern formed on September 17, 2026, on the daily chart.

- Shooting Star
- Doji
- Outside Bar
- Inside Bar

### News Context

Kanohar Electricals' Initial Public Offering (IPO) made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 16, 2026. The IPO, valued at ₹1,055.7 crore, saw significant investor interest, being subscribed 90.59 times. Ahead of its listing, the shares were reportedly trading at a 30% premium in the grey market, with a premium of ₹192. This indicated an expected listing price of ₹824 per share.

- Kanohar Electricals IPO debuted on BSE and NSE on September 16, 2026.
- The ₹1,055.7 crore IPO was subscribed 90.59 times.
- Ahead of listing, shares commanded a 30% grey market premium (GMP) of ₹192.
- The expected listing price was ₹824 per share.

- Kanohar Electricals IPO debut today: Shares command 30% GMP ahead of listing
- Kanohar Electricals IPO listing today: GMP at ₹192; Share price prediction ahead of NSE, BSE debut

### What Changed

Transformers And Rectifiers (India) (TARIL) on the NSE experienced a slight price decrease on September 17, 2026, closing at ₹276.0, down from ₹277.1 the previous day. This marks a minor shift in its recent trading activity. No new filings or news were reported as of September 18, 2026, indicating that the company's operational and disclosure landscape remains unchanged from earlier context.

- On September 17, 2026, TARIL's closing price on the NSE was ₹276.0, a decrease from ₹277.1 on the preceding day.
- No new filings were reported for TARIL as of September 18, 2026.
- No new news was reported for TARIL as of September 18, 2026.

### Official Filings

Transformers and Rectifiers (India) Limited (TARIL) has announced several significant developments. On August 31, 2026, the company disclosed a revised press release regarding a landmark order for Generator Transformers from Megha Engineering and Infrastructures Limited (MEIL) for the Nuclear Power Corporation of India Limited's (NPCIL) Kaiga Units 5 & 6 nuclear power project. This marks TARIL's entry into the nuclear power sector, supplying equipment for two indigenous 700 MWe Pressurised Heavy Water Reactors. Earlier, on August 14, 2026, TARIL received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for manufacturing transformers and related work, classified as a Large Order valued between ₹100 Crore and ₹500 Crore (excluding GST), with delivery expected within 13 months. In terms of international expansion, TARIL's Board approved on August 27, 2026, the incorporation of a new subsidiary in the United Kingdom, Maxwell Grid Transformers (UK) Private Limited. The company plans to invest GBP 10 million for a 51% controlling stake in this subsidiary, which will focus on manufacturing, repairing, and trading transformers. The company also held its 32nd Annual General Meeting on September 21, 2026, where it considered adopting audited financial statements for the fiscal year ended March 31, 2026, and declared a dividend. Additionally, TARIL is seeking shareholder approval via postal ballot for variations in the utilization of Qualified Institutional Placement proceeds from June 13, 2024.

- On August 31, 2026, TARIL announced its first order in the nuclear power sector from MEIL for NPCIL's Kaiga Units 5 & 6.
- On August 14, 2026, TARIL received a Large Order (₹100 Cr to ₹500 Cr) from APTRANSCO for transformers.
- On August 27, 2026, the Board approved the incorporation of a UK subsidiary, Maxwell Grid Transformers (UK) Private Limited, with a planned investment of GBP 10 million for a 51% stake.
- The 32nd Annual General Meeting was held on September 21, 2026, to consider financial statements and declare a dividend.
- Shareholder approval is being sought via postal ballot for changes in the utilization of Qualified Institutional Placement proceeds.

- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Updates on Incorporation of Subsidiary Company in the United Kingdom |SUBJECT: General Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication - Postal Ballot Notice and Remote E-voting Information |SUBJECT: Copy of Newspaper Publication
- Transformers and Rectifiers (India) Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Transformers and Rectifiers (India) Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 21-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Transformers And Rectifiers (India) Limited has informed the Exchange regarding a revised press release dated August 31, 2026, titled "Revised Press Release - TARIL Marks Strategic Entry into India s Nuclear Power Sector with Landmark NPCIL Order for Transformers and Reactors". |SUBJECT: Press Release (Revised)
- Transformers And Rectifiers (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 27, 2026. |SUBJECT: Outcome of Board Meeting
- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts |SUBJECT: Bagging/Receiving of orders/contracts

### Fundamentals

Transformers And Rectifiers (India) reported a sequential decrease in revenue from operations for Q1 FY2026-27, which stood at ₹572.34 crore, down from ₹782.67 crore in Q4 FY2025-26. Profit Before Tax (PBT) also saw a sequential decline, falling to ₹88.03 crore in Q1 FY2026-27 from ₹119.47 crore in the prior quarter. The company's Profit Loss For Period followed a similar trend, decreasing to ₹64.29 crore in Q1 FY2026-27 compared to ₹91.39 crore in Q4 FY2025-26. Finance costs remained relatively stable, increasing slightly from ₹13.37 crore in Q3 FY2025-26 to ₹14.80 crore in Q1 FY2026-27. Tax expense, however, showed a reduction, decreasing from ₹31.82 crore in Q3 FY2025-26 to ₹23.74 crore in Q1 FY2026-27. Other Comprehensive Income fluctuated, showing a small positive ₹3 lakh in Q3 FY2025-26, a negative ₹29 lakh in Q4 FY2025-26, and a positive ₹5 lakh in Q1 FY2026-27.

- Revenue From Operations for Q1 FY2026-27 was ₹572.34 crore.
- Profit Loss For Period for Q1 FY2026-27 was ₹64.29 crore.
- Finance Costs in Q1 FY2026-27 were ₹14.80 crore.
- Tax Expense in Q1 FY2026-27 was ₹23.74 crore.
- Other Comprehensive Income in Q1 FY2026-27 was ₹5 lakh.

### Bull Case

The company's operating performance shows some mixed signals across different timeframes. While the weekly trend indicates a bullish Supertrend direction, the daily and monthly trends are currently in a bearish Supertrend direction. The stock has experienced significant drawdowns, with a current drawdown of -52% and a maximum drawdown of -60%. Over the past year, the stock has returned -48%. Nearest support levels are observed at ₹275.32, with resistance levels identified at ₹281.08 and ₹285.07.

- Weekly trend shows a bullish Supertrend direction as of 2026-09-17.
- Current drawdown stands at -52% with a maximum drawdown of -60%.
- Year-to-date return is -10% as of 2026-09-17.
- Nearest support level is at ₹275.32, and the first resistance level is at ₹281.08.

- Kanohar Electricals IPO debut today: Shares command 30% GMP ahead of listing
- Kanohar Electricals IPO listing today: GMP at ₹192; Share price prediction ahead of NSE, BSE debut

### Bear Case

Transformers And Rectifiers (India) is facing a challenging market environment, as indicated by its technical indicators. The daily trend shows a bearish Supertrend at 301.29, with the closing price of ₹276.0 below both the 20-day EMA (293.32) and 50-day EMA (301.49). This pattern suggests downward momentum. Similarly, the monthly trend is also bearish, with the Supertrend at 537.0 and the closing price significantly below the 20-day EMA (347.3) and 50-day SMA (380.5). The company's performance over the past year has also been weak, with a return of -48% over the last 12 months. The current drawdown stands at -52%, with a maximum drawdown of -60%, indicating substantial price depreciation from recent peaks.

- The daily Supertrend indicator is bearish at 301.29 as of 2026-09-17.
- The closing price of ₹276.0 on 2026-09-17 is below the 20-day EMA of 293.32 and the 50-day EMA of 301.49.
- The monthly Supertrend indicator is bearish at 537.0 as of 2026-09-17.
- The company has experienced a -48% return over the past year.
- The current drawdown is -52%, with a maximum drawdown of -60%.

- Kanohar Electricals IPO debut today: Shares command 30% GMP ahead of listing
- Kanohar Electricals IPO listing today: GMP at ₹192; Share price prediction ahead of NSE, BSE debut

### FAQs

**What recent corporate actions has Transformers And Rectifiers (India) Limited undertaken?**

Transformers And Rectifiers (India) Limited announced the incorporation of a new subsidiary, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom on September 10, 2026. The company also published a Postal Ballot Notice and remote e-voting information in newspapers on August 30 and 31, 2026, regarding a postal ballot process that concluded on September 28, 2026. Additionally, the company informed the exchange about upcoming Analysts/Institutional Investor Meets/Con. Calls on September 14 and 15, 2026.

**What are the recent stock performance trends and technical indicators for Transformers And Rectifiers (India) Limited?**

As of September 17, 2026, the stock's daily trend shows a closing price of ₹276.0, with the SuperTrend indicator in a bearish direction at 301.29. The Exponential Moving Average (EMA) 20 is at 293.32 and the EMA 50 is at 301.49, both above the current price. On a weekly basis, the SuperTrend is bullish at 245.76, while the EMA 20 is 305.67 and EMA 50 is 331.19. Monthly indicators show a bearish SuperTrend at 537.0, with EMA 20 at 347.3 and EMA 50 at 380.5. The stock has experienced a -48% return over the past year and a -10% year-to-date return as of September 17, 2026.

**What are the nearest support and resistance levels for Transformers And Rectifiers (India) Limited?**

As of September 17, 2026, the nearest identified support level is at ₹275.32, which is approximately 0.25% below the current price. Other support levels are noted at ₹272.85, ₹271.33, and ₹268.15. The nearest resistance level is at ₹281.08, about 1.84% above the current price, with further resistance levels at ₹285.07, ₹290.38, and ₹290.83.

- Kanohar Electricals IPO debut today: Shares command 30% GMP ahead of listing
- Kanohar Electricals IPO listing today: GMP at ₹192; Share price prediction ahead of NSE, BSE debut
- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Updates on Incorporation of Subsidiary Company in the United Kingdom |SUBJECT: General Updates
- Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication - Postal Ballot Notice and Remote E-voting Information |SUBJECT: Copy of Newspaper Publication
- Transformers and Rectifiers (India) Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹279.13
- Risk regime: Higher Price Risk

### Support levels
- 272.85
- 268.15
- 259.69

### Resistance levels
- 290.38125
- 298.01312499999995
- 304.846875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.39% |
| return_10 | -6.90% |
| return_1m | -5.93% |
| return_1y | -46.21% |
| return_20 | -1.86% |
| return_3m | -13.85% |
| return_5 | -3.48% |
| return_6m | -3.12% |
| return_since_start | -30.21% |
| return_ytd | -9.11% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -60.02% |
| annualized_volatility | +56.83% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Declines Sharply from Preceding Quarter, but Year-Over-Year Growth Persists; Profit Margins Under Pressure

Transformers And Rectifiers (India) Limited reported revenue from operations of ₹572.34 crore in Q1 FY2026-27, a 26.87% decline from the preceding quarter’s ₹782.67 crore. Compared to the same quarter last year, revenue grew 8.13% from ₹529.33 crore. Profit before tax fell 26.32% sequentially to ₹88.03 crore and was 2.71% below the year-ago figure of ₹90.48 crore. Net profit for the period was ₹64.29 crore, down 29.65% from the previous quarter and 4.7% from Q1 last year. The quarter shows a sequential dip after a strong Q4, but year-over-year revenue growth did not translate into higher profits, as rising finance costs and a higher effective tax rate weighed on the bottom line.

## Revenue Trajectory and Quarterly Volatility

Revenue over the past five quarters has been uneven: ₹529.33 crore (Q1 FY2025-26), ₹460.03 crore (Q2), ₹736.76 crore (Q3), ₹782.67 crore (Q4), and ₹572.34 crore (Q1 FY2026-27). The pattern is consistent with a project-based business where revenue recognition is lumpy, with Q3 and Q4 typically stronger. The current quarter’s revenue is 8.13% above the year-ago level, indicating underlying growth, but the sequential drop of 26.87% is the largest quarter-on-quarter decline in the series. This volatility does not by itself signal a trend reversal.

## Profitability and Margin Compression

Despite higher year-over-year revenue, net profit declined 4.7% from ₹67.46 crore to ₹64.29 crore. Net profit margin for the quarter was 11.23%, down from 12.75% in Q1 FY2025-26. EBIT margin (calculated as profit before tax plus finance costs, divided by revenue) was 17.97% in the current quarter.

The decline in net profit margin indicates that costs grew faster than revenue on a year-over-year basis. Finance costs rose 41.36% year-over-year from ₹10.47 crore to ₹14.80 crore, a much faster pace than revenue growth. Other expenses declined 11.91% year-over-year to ₹69.06 crore, which helped partially offset the increase in finance costs. Material cost consumed ₹455.57 crore, representing 79.6% of revenue, a high ratio typical for transformer manufacturing. Employee benefit expense was ₹22.94 crore and depreciation ₹6.82 crore.

## Rising Finance Costs and Interest Coverage

Finance costs have increased steadily over the five-quarter period: ₹10.47 crore, ₹12.87 crore, ₹13.37 crore, ₹14.37 crore, and ₹14.80 crore. The sequential increase was modest at 2.99%, but the year-over-year rise of 41.36% is material. Interest coverage (EBIT divided by finance costs) stood at 6.95 times, down from 9.64 times in Q1 FY2025-26. The decline reflects the combined effect of higher finance costs and a slight drop in EBIT.

## Effective Tax Rate Increase

Tax expense for the quarter was ₹23.74 crore on profit before tax of ₹88.03 crore, yielding an effective tax rate of 26.97%. This is higher than the 25.44% rate in Q1 FY2025-26 and the 23.50% rate in Q4 FY2025-26. The higher tax rate contributed to the year-over-year decline in net profit, as profit before tax fell only 2.71% but net profit fell 4.7%.

## Earnings Per Share and Comprehensive Income

Basic and diluted earnings per share were both ₹2.05, down from ₹3.04 in the previous quarter and from ₹2.24 in Q1 last year. The decline mirrors the drop in net profit. Other comprehensive income was negligible at ₹5 lakh, so comprehensive income of ₹64.34 crore essentially equals net profit.

## Key Takeaway

TARIL’s Q1 FY2026-27 shows a sequential revenue dip after a strong Q4, with year-over-year revenue growth of 8.13%. However, net profit declined year-over-year due to a combination of rising finance costs (up 41% from last year) and a higher effective tax rate. The material cost intensity remains high, and interest coverage has weakened. The quarter underscores that revenue growth alone did not improve the bottom line, as cost pressures, particularly from financing, squeezed margins.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_15092026171336_IntimationInvestorMeet24092026.pdf)
- 2026-09-14 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_14092026185033_IntimationInvestorMeet17092026.pdf)
- 2026-09-10 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_10092026161911_UpdateonIntimationUKSubofTARIL.pdf)
- 2026-09-01 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_01092026095520_NewspaperPublicationPostalBallot31082026.pdf)
- 2026-09-01 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2699_WebXMLFile_20260901_161908149.xml)
- 2026-09-01 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2699_WebXMLFile_20260901_161934522.xml)
- 2026-08-31 — Press Release: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_31082026122528_PressReleaseLandmarkOrderRevised.pdf)
- 2026-08-27 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_27082026134843_OutcomeBM27082026.pdf)
- 2026-08-17 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_17082026215954_IntimationIM20082026.pdf)
- 2026-08-14 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_14082026104118_IntimationOrder14082026.pdf)
- 2026-08-14 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_2699_WebXMLFile_20260814_104801304.xml)
- 2026-08-07 — Generic Announcement: Transformers and Rectifiers (India) Limited will participate in the Emkay Confluence 2026 event on Thursday, August 13, 2026, at the Grand Hyatt in Mumbai. The interaction with investors and analysts will be in person. The company will refer to publicly available documents and will not discuss any unpublished price sensitive information. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_07082026093133_IntimationofInvestorMeet13082026.pdf)
- 2026-08-04 — Generic Announcement: Transformers and Rectifiers (India) Limited received an order on August 3, 2026, from the Registrar of Companies granting an extension of time to hold its 32nd Annual General Meeting for the financial year ended March 31, 2026. The company will convene the meeting within the extended period, with the specific date to be intimated later. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_04082026115053_IntimationSEExtensionAGM04082026.pdf)
- 2026-07-25 — Generic Announcement: Transformers and Rectifiers (India) Limited held an earnings conference call on July 21, 2026, to discuss Q1 FY27 unaudited financial results. The company reported a Q1 FY27 unexecuted order book of INR 6,630 crores, a 26% year-on-year growth, with INR 2,114 crores in new order inflow during the quarter, including a significant order from PGCIL. The company targets 25% revenue growth in FY27 with an EBITDA margin of 16% and PAT margin of 9-10%. Backward integration initiatives are underway with phased commissioning expected by Q1 FY28, aiming to fulfill 80-85% of raw material needs in-house. Standalone Q1 FY27 revenue was INR 559 crores, with PAT at INR 50 crores, while consolidated revenue was INR 572 crores, with PAT at INR 64 crores. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_25072026134625_TranscriptEarningCall21072026.pdf)
- 2026-07-22 — Generic Announcement: Transformers and Rectifiers (India) Limited published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on July 22, 2026. The Board of Directors approved these results on July 20, 2026. For the quarter, standalone total income from operations was ₹573.56 crore, with a net profit after tax of ₹49.87 crore. Consolidated total income from operations was ₹526.91 crore, with a net profit after tax of ₹64.29 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_22072026173739_NewspaperPublication22072026.pdf)
- 2026-07-21 — Generic Announcement: Transformers and Rectifiers (India) Limited has made available the audio recording of its earnings conference call held on July 21, 2026. The call discussed the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The recording is accessible on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_21072026193901_AudioConCall21072026Revised.pdf)
- 2026-07-21 — Generic Announcement: Transformers and Rectifiers (India) Limited has made the audio recording of its earnings conference call held on July 21, 2026, available on its website. The call was to discuss the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_21072026181538_AudioConCall21072026.pdf)
- 2026-07-20 — Press Release: Transformers and Rectifiers (India) Limited reported its Q1 FY27 financial results on July 20, 2026. The company achieved a Profit After Tax (PAT) of Rs. 64.34 crore and revenue of Rs. 572.34 crore, an 8% year-on-year increase. The order book reached a record Rs. 6,630 crore, up 26% year-on-year, with order inflows of Rs. 2,114 crore, a 218% increase. Capacity expansion at Changodar is expected to complete by August 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_20072026192507_PressReleaseQ1202627.pdf)
- 2026-07-20 — Generic Announcement: Transformers and Rectifiers (India) Limited announced the outcome of its Board Meeting held on July 20, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were also subject to a limited review by the statutory auditors. For the quarter ended June 30, 2026, standalone revenue from operations was Rs. 559.28 crore, with a profit after tax of Rs. 49.87 crore. Consolidated revenue from operations was Rs. 572.34 crore, with a profit after tax of Rs. 64.29 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_20072026175216_OutcomeofBM20072026.pdf)
- 2026-07-20 — Earnings Presentation: Transformers and Rectifiers (India) Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, via an investor presentation on July 20, 2026. The company reported a 10% year-over-year revenue growth for Q1FY27, reaching ₹2,395 crore standalone and ₹2,509 crore consolidated. Key highlights include a significant increase in order inflow by 218% and an order book growth of 26% to ₹6,630 crore. The company also secured major orders, including an "Ultra Mega Order" from PGCIL exceeding ₹1,000 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_20072026193204_InvestorPresentationQ1202627.pdf)
- 2026-07-20 — Generic Announcement: Transformers and Rectifiers (India) Limited's Monitoring Agency Report for the quarter ended June 30, 2026, indicates a deviation from the Qualified Institutional Placement (QIP) objects. The company utilized over 25% of gross proceeds for General Corporate Purposes (GCP), exceeding the offer document limit, and shareholder approval is pending. Additionally, deployment of QIP proceeds for the fabrication unit is delayed, with the company yet to deploy the entire amount earmarked for this object, approximately 30% of net proceeds. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_20072026222429_TARILMAR30062026.pdf)
- 2026-07-16 — Generic Announcement: Transformers and Rectifiers (India) Limited (TARIL) will host an earnings conference call on July 21, 2026, at 4:00 PM IST to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The call will be addressed by the company's senior management. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_16072026174816_IntimationofEarningsCallQ1FY27.pdf)
- 2026-07-15 — Generic Announcement: Transformers and Rectifiers (India) Limited has submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that securities received for dematerialisation during the period April 1, 2026, to June 30, 2026, were processed and listed on stock exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_15072026111712_Regulation74530062026.pdf)
- 2026-07-15 — Generic Announcement: Transformers and Rectifiers (India) Limited submitted its Share Capital Audit Report for the quarter ended June 30, 2026, to BSE Limited and the National Stock Exchange of India Limited. The report, prepared by Tapan Shah, confirms the company's capital structure details, including shares held in dematerialized and physical forms. It also notes the re-appointment of Rajendra S. Shah as an Independent Director for a second five-year term from May 25, 2026, to May 24, 2031, approved by members on May 22, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_15072026112615_55A30062026.pdf)
- 2026-07-13 — Credit Rating Update: On July 13, 2026, India Ratings and Research affirmed the ratings for Transformers and Rectifiers (India) Limited's (TARIL) bank loan facilities at 'IND A+/Stable' with a Stable outlook. The rating action covers INR 10,500 million in existing bank loan facilities and INR 5,000 million in newly assigned bank loan facilities. — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13072026211630_CreditRating13072026.pdf)

## News and market events

- 2026-09-16 — CNBC-TV18: **Kanohar Electricals IPO debut today: Shares command 30% GMP ahead of listing** — The ₹1,055.7-crore initial public offering (IPO) of Kanohar Electricals was subscribed 90.59 times on the final day of bidding. The issue received bids for 1,05,92,88,437 shares against 1,16,93,326 shares on offer. — [Source](https://www.cnbctv18.com/market/kanohar-electricals-ipo-listing-share-price-debuts-premium-discount-gmp-today-nse-bse-19991485.htm)
- 2026-09-16 — Mint: **Kanohar Electricals IPO listing today: GMP at  ₹192; Share price prediction ahead of NSE, BSE debut** — Kanohar Electricals IPO will list today at 10:00 IST on BSE and NSE. The IPO was heavily subscribed, with a 90.59 times overall subscription and a grey market premium of +192, indicating a successful listing expected at  ₹824 per share. — [Source](https://www.livemint.com/market/ipo/kanohar-electricals-ipo-listing-today-gmp-at-rs-192-share-price-prediction-ahead-of-nse-bse-debut-11789519138575.html)
- 2026-09-10 — Mint: **Kanohar Electricals IPO GMP jumps 36% on last bidding day. Check latest subscription, review. Apply or not?** — Kanohar Electricals IPO opened for subscription from September 8 to September 10, with a price band of  ₹601–632. The IPO's grey market premium stands at +225, indicating an optimistic listing price of  ₹857, a 35.60% increase from the upper price band. — [Source](https://www.livemint.com/market/ipo/kanohar-electricals-ipo-gmp-jumps-36-on-last-bidding-day-check-latest-subscription-review-apply-or-not-11789017602037.html)
- 2026-09-04 — Mint: **Low valuation, strong growth: Is this transformer stock charged up for success?** — A record  ₹6,630 crore order book and a new nuclear deal haven't stopped TARIL's stock from falling 45% as plant expansion delays squeeze profits. — [Source](https://www.livemint.com/market/stock-market-news/taril-share-price-taril-stock-transformers-11788437112730.html)
- 2026-08-31 — BUSINESSTODAY: **TARIL enters nuclear power sector with NPCIL order; stock rises** — Transformers and Rectifiers India, TARIL, TARIL shares, Transformers and Rectifiers stock, NPCIL, Nuclear Power Corporation of India, Kaiga Units 5 and 6, nuclear power, nuclear energy, generator transformers, Megha Engineering and Infrastructures, MEIL, 700 MW PHWR, Pressurised Heavy Water Reactors, nuclear power sector, power infrastructure, high-voltage transformers, India nuclear power, nuclear stocks, power stocks — [Source](https://www.businesstoday.in/markets/stocks/story/taril-enters-nuclear-power-sector-with-npcil-order-stock-rises-552215-2026-08-31)
- 2026-08-27 — Economic Times: **These 19 Indian stocks turned into tenbaggers in 5 years: Peter Lynch’s rules to find the next** — Over the last five years, various Indian stocks have reached extraordinary tenbagger returns, including remarkable surges in GE Vernova T&D and BSE shares, which soared by over two thousand percent. Other notable firms like Apar Industries and Zen Technologies also reported impressive growth. Noted investor Peter Lynch suggests that understanding your investments and maintaining them for the long haul can yield fruitful results. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/these-19-stocks-turned-into-tenbaggers-in-5-years-peter-lynchs-rules-to-find-the-next/articleshow/133556335.cms)
- 2026-08-27 — FREEPRESSJOURNAL.IN: **Transformer Stocks Rise: CG Power, GE Vernova, Hitachi Energy India Gain After Trump Restricts China-Linked Grid Equipment** — Transformer Stocks Rise: CG Power, GE Vernova, Hitachi Energy India Gain After Trump Restricts China-Linked Grid Equipment — [Source](https://www.freepressjournal.in/business/transformer-stocks-rise-cg-power-ge-vernova-hitachi-energy-india-gain-after-trump-restricts-china-linked-grid-equipment)
- 2026-08-14 — CNBC-TV18: **Transformers & Rectifiers shares rise over 4% after winning order worth up to ₹500 crore** — Transformers & Rectifiers India has received a Letter of Intent worth ₹100-500 crore from APTRANSCO for manufacturing transformers and related works, with delivery scheduled over the next 13 months. — [Source](https://www.cnbctv18.com/market/transformers-rectifiers-india-share-price-order-win-letter-of-intent-rs-100-to-500-crore-andhra-pradesh-19969457.htm)
- 2026-08-14 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty Metal index falls 200 points; Nalco, Hind Copper** — Sensex Today | Stock Market LIVE Updates: The markets are under pressure, with the Nifty index falling towards the 24,300 mark. The Nifty Bank is also trading on similar ground, falling below the 57,500 mark. Tata Motors PV, Hindalco, Max Health are the top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-sensex-hdfc-bank-nifty-bank-q1-earnings-tata-motors-max-fin-defence-bdl-share-price-liveblog-19969121.htm)
- 2026-07-21 — The Hindu: **Sensex today | Stock Market Live: Market at day’s low as Sensex down 300 pts, Nifty 50 falls below 24,150** — Sensex, Nifty, Share Prices LIVE: At 12 pm, Sensex slipped 251.04 points (-0.32%) to 77,457.48, while Nifty 50 dropped 65.95 points (-0.27%) to 24,172.55. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-21st-may-2026/article71245381.ece)
- 2026-07-20 — The Hindu: **Q1 Results 20th July Highlights: UltraTech profit rises; IOB, KVB and Sobha post strong Q1 growth; Mahindra Logistics, Dynamic Cables, Jaiprakash Power, Shyam Metalics surge** — Q1 Results Today, 20th July 2026 Highlights: Find all the latest Q1 results 2026 updates of UltraTech Cement, Indian Overseas Bank, Authum Investment & Infrastructure, Karur Vysya Bank, Shyam Metalics & Energy, Central Mine Planning & Design Institute, Sobha, Canara HSBC Life Insurance Company, Action Construction Equipment, Jaiprakash Power Ventures, Transformers and Rectifiers India, Bluestone Jewellery and Lifestyle, SG MART, SML Mahindra, Rallis India, Swaraj Engines, Tourism Finance Corpora... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-highlights-cement-paytm-iob-karur-vysya-bank-shyam-metalics-sobha-jp-power-bluestone-hdfc-bank-kotak-icici-yes-bank-axis-bank-ril-results-20-july-2026/article71241085.ece)

## Business profile

**Strategic vision:** Indian manufacturer of high-voltage, specialty, and environment-friendly transformers.

### Business segments
- **Transformer Manufacturing:** TARIL designs, manufactures, and sells diverse types of transformers, including special, furnace, power, reactors, rectifier, and distribution transformers.
- **Transformer Services:** The company provides comprehensive lifecycle services for transformers, including repair, refurbishment, diagnostics, oil analysis, and asset health monitoring.

### Competitive strengths
- Technologically advanced facilities
- Backward integration in manufacturing
- Global installation experience
- Comprehensive after-sales services

## Related stocks

- [360ONE (Financial Services)](https://faxioms.com/stocks/360one) — +1.96%
- [3MINDIA (Diversified)](https://faxioms.com/stocks/3mindia) — +5.50%
- [AADHARHFC](https://faxioms.com/stocks/aadharhfc) — -1.42%
- [AARTIIND](https://faxioms.com/stocks/aartiind) — +3.19%
- [AAVAS](https://faxioms.com/stocks/aavas) — -1.07%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/taril
Markdown representation: https://faxioms.com/stocks/taril?render=md