# Transformers and Rectifiers (India) (TARIL) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹306.85
- Change: -2.77%
- As of: 2026-11-06
- 1D return: -2.77%
- 5D return: +2.87%
- 1M return: +8.52%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 6 November 2026, TARIL trades at ₹306.85, reflecting a developing daily uptrend within a broader monthly downtrend. The daily Supertrend is bullish with price above the 50-period and 200-period SMAs, but below the 20-period EMA and SMA, indicating short-term consolidation. ADX stands at 21.18, suggesting trend strength is building but not yet strong. On the monthly horizon, the setup remains bearish with price below all moving averages and the Supertrend, while weekly structure shows mixed signals with price above most EMAs but below the 50-period EMA. A key active pattern is a monthly Inside Bar, signaling potential volatility expansion. Risk remains elevated with annualized volatility at +57.0% and a current drawdown of -46.6%. Nearby resistance sits at ₹310.67 (1.24% above), while immediate support is at ₹305.73 (0.36% below).

- Daily trend is bullish on Supertrend but constrained by 20-period EMAs; ADX at 21.18 indicates developing momentum.
- Monthly context remains bearish with price below all major averages and Supertrend, contrasting with weekly neutrality.
- Active monthly Inside Bar suggests impending breakout or breakdown; nearest resistance at ₹310.67 (+1.24%) and support at ₹305.73 (-0.36%).
- High volatility (+57.0% annualized) and significant drawdown (-46.6%) require careful position sizing and monitoring of volume confirmation.

- Inside Bar
- Outside Bar
- Bearish Engulfing Reversal
- Harami
- Doji

### News Context

Transformers And Rectifiers (India) Limited (TARIL) has scheduled a series of investor roadshows for mid-November 2026, signaling active engagement with institutional capital. Senior management will participate in the Bank of America 2026 India Corporate Day in Singapore on November 16–17, followed by a Non-Deal Roadshow organized by Nuvama Institutional Equities on November 18–19. Additionally, an in-person plant visit and management interaction are planned in Ahmedabad on November 25 as part of Citi’s India Industrials Investor Tour. In all filings, TARIL confirmed that only publicly available documents would be referenced and no unpublished price sensitive information (UPSI) would be discussed.

Market data as of November 6, 2026, shows the stock trading at ₹306.85, down 2.8% over the past day but up 8.2% over the last month. The daily technical trend is bullish, with the Supertrend indicator pointing upward, though the monthly trend remains bearish. The stock carries high volatility, with an annualized volatility of 57.0% and a current drawdown of -46.6% from its peak.

- Investor Engagement: Management to meet institutions in Singapore (Nov 16–19) via BofA and Nuvama events, and in Ahmedabad (Nov 25) via Citi; all interactions restricted to public information.
- Price Action: Stock closed at ₹306.85 on Nov 6, 2026, reflecting a 2.8% daily decline but an 8.2% gain over the preceding month.
- Technical Outlook: Daily Supertrend is bullish with +DI (25.36) above -DI (21.48), contrasting with a bearish monthly Supertrend direction.
- Risk Profile: High volatility persists with annualized volatility at 57.0% and a significant current drawdown of -46.6%.

- 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 Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Official Filings

Transformers And Rectifiers (India) Limited (TARIL) has advanced its backward integration strategy with a Rs. 1,250 crore investment to establish three greenfield manufacturing plants at its Chiyada, Gujarat complex. Construction commenced in December 2025, with commercial operations expected in Q1 FY2027-28. The facilities will produce Bushings (OIP, RIP & RIF up to 800 kV), Pressboard & Insulation Materials, and Continuously Transposed Conductors (CTC). This initiative aims to localize critical components, reduce import dependence, and generate an annual revenue potential of approximately Rs. 2,000 crore while creating over 1,000 direct jobs.

Concurrently, TARIL is engaging with institutional investors through a series of roadshows. Senior management will participate in the Bank of America 2026 India Corporate Day in Singapore on November 16-17, 2026, and a Nuvama Institutional Equities non-deal roadshow in Singapore on November 18-19, 2026. Additionally, an in-person plant visit and management interaction are scheduled for Ahmedabad on November 25, 2026, as part of Citi’s India Industrials Investor Tour. All interactions will strictly reference publicly available documents without discussing unpublished price sensitive information.

- Rs. 1,250 crore capex for three new plants at Chiyada, Gujarat, targeting production of high-voltage Bushings, Pressboard, and CTC; commercial operations expected in Q1 FY2027-28.
- New facilities aim to create over 1,000 direct jobs and generate approximately Rs. 2,000 crore in annual revenue potential.
- Management investor engagements scheduled: Singapore (Nov 16-17 via BofA; Nov 18-19 via Nuvama) and Ahmedabad plant visit (Nov 25 via Citi).
- All upcoming meetings will adhere to regulatory guidelines by referencing only publicly available documents and excluding unpublished price sensitive information.

- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026143542_IntimationSEBofa.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_143922906.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026145750_IntimationSENuvama.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_150134760.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_03112026163639_IntimationofscheduleofMeet.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261103_165237226.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Press Release - Update on Manufacturing Facilities at Chiyada, Gujarat". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIL_27102026112125_PressReleaseUpdateonChiyada.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261022_164222365.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_21102026234358_Trancriptofearningcall13102026.pdf)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIL_14102026174018_NewspaperIntimation.pdf)

### Fundamentals

TARIL’s operating trajectory has strengthened significantly in Q2 FY2026-27, with revenue from operations rising 29% sequentially to ₹739.44 crore and operating profit expanding to ₹109.93 crore. This growth is supported by a robust annual sales CAGR of 28% over five years and a TTM sales figure of ₹2,831 crore. However, earnings quality faces pressure: cash flow from operating activities turned negative (-₹105 crore) for the year ended March 2026, coinciding with a sharp decline in the CFO/EBITDA conversion ratio to just 2%. The balance sheet reflects an aggressive expansion phase, evidenced by Capital Work-in-Progress (CWIP) tripling to ₹267 crore and borrowings increasing to ₹581 crore as of September 2026. While Return on Capital Employed (ROCE) remains healthy at 23%, the Cash Conversion Cycle deteriorated to 200 days due to higher inventory and debtor days. Institutional ownership has also contracted, with DIIs reducing their stake to 1.19%.

The most critical checkpoint for the next reporting period is whether the company can convert its growing asset base into positive operating cash flows and sustain margins as CWIP transitions to fixed assets.

- Q2 FY2026-27 Revenue surged 29% sequentially to ₹739.44 crore, driving Operating Profit to ₹109.93 crore.
- Operating cash flow turned negative (-₹105 crore) for FY2026, with CFO/EBITDA conversion dropping sharply to 2%.
- Borrowings rose to ₹581 crore and CWIP increased to ₹267 crore, signaling active capacity expansion.
- Cash Conversion Cycle worsened to 200 days, driven by Inventory Days (133) and Debtor Days (129).
- DIIs reduced holdings to 1.19%, while Promoters maintained a stable 64.36% stake.

### Bear Case

Transformers And Rectifiers (India) exhibits significant technical weakness and elevated volatility, presenting a cautious backdrop for investors. The stock has suffered a maximum drawdown of -60.0% and remains in a current drawdown of -46.6%, with a one-year return of -24.1%. While the daily trend shows bullish signals, the monthly timeframe is bearish, indicating conflicting momentum across horizons. Annualized volatility stands at +57.0%, reflecting substantial price instability. Immediate resistance is clustered closely above the current price of ₹306.85, with the nearest level at ₹310.67 (1.24% away), suggesting limited upside room without breaking through this barrier. Conversely, support levels are wider but distant, starting at ₹305.73 (0.36% below).

- Maximum drawdown of -60.0% and current drawdown of -46.6% highlight severe historical downside risk.
- Monthly trend is bearish despite daily bullish signals, creating conflicting momentum indicators.
- Annualized volatility of +57.0% indicates high price instability and risk exposure.
- Nearest resistance at ₹310.67 is only 1.24% above the current close of ₹306.85, limiting near-term upside potential.

- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026143542_IntimationSEBofa.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_143922906.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026145750_IntimationSENuvama.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_150134760.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_03112026163639_IntimationofscheduleofMeet.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261103_165237226.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Press Release - Update on Manufacturing Facilities at Chiyada, Gujarat". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIL_27102026112125_PressReleaseUpdateonChiyada.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261022_164222365.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_21102026234358_Trancriptofearningcall13102026.pdf)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIL_14102026174018_NewspaperIntimation.pdf)

### FAQs

**What investor engagement events is TARIL participating in over the next two weeks?**

TARIL has scheduled multiple institutional meetings in November 2026. Senior management will participate in the Bank of America India Corporate Day in Singapore on November 16-17, followed by a Nuvama-organized Non-Deal Roadshow in Singapore on November 18-19. Additionally, an in-person plant visit and management interaction are planned in Ahmedabad on November 25 as part of Citi’s India Industrials Investor Tour.

**Will unpublished price-sensitive information be shared during these meetings?**

No. In filings dated November 3 and November 6, 2026, TARIL explicitly stated that it would refer only to publicly available documents during all scheduled interactions. The company confirmed that no unpublished price sensitive information (UPSI) was intended to be discussed with investors or analysts at any of the upcoming events.

**How has the stock performed recently, and what are the key technical levels?**

As of November 6, 2026, TARIL closed at ₹306.85, down -2.8% for the day but up +8.2% over the past month. The daily trend is bullish with resistance near ₹310.67 and support at ₹305.73. However, the monthly trend remains bearish, and the stock is currently in a significant drawdown of -46.6% from its peak, with annualized volatility at +57.0%.

- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026143542_IntimationSEBofa.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_143922906.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_06112026145750_IntimationSENuvama.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_150134760.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_03112026163639_IntimationofscheduleofMeet.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261103_165237226.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange regarding a press release dated October 27, 2026, titled "Press Release - Update on Manufacturing Facilities at Chiyada, Gujarat". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIL_27102026112125_PressReleaseUpdateonChiyada.pdf)
- [Transformers and Rectifiers (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261022_164222365.xml)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TRIL_21102026234358_Trancriptofearningcall13102026.pdf)
- [Transformers And Rectifiers (India) Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIL_14102026174018_NewspaperIntimation.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹318.83
- Risk regime: Higher Price Risk

### Support levels
- 292.65
- 282.875
- 271.20000000000005

### Resistance levels
- 313.95
- 319.01
- 327.40999999999997

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.77% |
| return_10 | +0.97% |
| return_1m | +8.18% |
| return_1y | -24.14% |
| return_20 | +8.52% |
| return_3m | +3.61% |
| return_5 | +2.87% |
| return_6m | -1.92% |
| return_since_start | -23.48% |
| return_ytd | -0.34% |

### 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 | +56.97% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# TARIL Q2 FY2026-27: Revenue and Profit Rebound Sequentially

Transformers And Rectifiers (India) Limited (TARIL) reported consolidated revenue from operations of ₹739.44 crore for the quarter ended 30 September 2026, up 29.2% sequentially and 60.7% from the corresponding quarter a year earlier. Profit before tax was ₹109.93 crore, while profit for the period reached ₹81.38 crore. The results mark a recovery from the June quarter and a strong year-over-year increase in earnings.

## Revenue and earnings recover from June

Revenue from operations increased ₹167.10 crore from ₹572.34 crore in the June quarter. Total income rose 26.1% sequentially to ₹742.16 crore, while expenses increased 26.3% to ₹632.23 crore. Profit before tax rose 24.9% to ₹109.93 crore from ₹88.03 crore, and profit for the period grew 26.6% to ₹81.38 crore from ₹64.29 crore.

Compared with the quarter ended 30 September 2025, revenue rose from ₹460.03 crore and profit before tax increased from ₹45.30 crore. Profit for the period was up from ₹37.35 crore. Basic and diluted earnings per share were ₹2.66, versus ₹1.13 in the year-earlier quarter and ₹2.05 in June.

## Costs and tax

Expenses were ₹632.23 crore, compared with ₹500.62 crore in June and ₹428.65 crore in the corresponding quarter last year. Cost of materials consumed was ₹484.17 crore and employee benefit expense was ₹36.28 crore. Finance costs were ₹14.34 crore, down from ₹14.80 crore sequentially but up from ₹12.87 crore a year earlier. Other expenses were ₹69.29 crore, broadly unchanged from June and below ₹67.26 crore a year earlier only by a small amount? 

Tax expense was ₹28.55 crore, compared with ₹23.74 crore in June and ₹7.95 crore in the corresponding quarter last year. It comprised current tax of ₹30.11 crore and a deferred tax credit of ₹1.56 crore.

## Balance sheet and working capital

At 30 September 2026, total assets were ₹3,017.04 crore, up 13.2% from ₹2,665.72 crore at 30 June. Inventories increased 17.5% to ₹723.26 crore. Current trade receivables fell 5.6% to ₹837.24 crore, while noncurrent trade receivables rose to ₹240.03 crore. Current trade payables increased 32.5% to ₹383.62 crore.

Capital work in progress nearly doubled sequentially to ₹267.31 crore, and property, plant and equipment rose 8.0% to ₹248.98 crore. Cash and cash equivalents were ₹14.43 crore, up from ₹8.10 crore, while bank balances other than cash declined to ₹66.08 crore from ₹132.92 crore.

Current borrowings rose to ₹438.06 crore from ₹389.73 crore, and noncurrent borrowings increased to ₹135.62 crore from ₹66.88 crore. Total equity was ₹1,685.22 crore, compared with ₹1,542.99 crore at June-end.

## Management Commentary

Management attributes the September quarter to better execution, improved capacity utilisation and operating leverage across manufacturing facilities. It reported order inflow of ₹1,169 crore in Q2FY27, a 97% year-on-year rise, and an unexecuted order book of ₹7,237 crore at 30 September 2026, which it says is executable over the next 18–24 months. The Changodar transformer expansion is nearing completion, with commercial production expected around Diwali, and management says the added capacity will support execution of the growing order book and the next phase of revenue growth.

## Key Takeaway
TARIL’s September quarter showed a substantial rebound from June, with revenue up 29.2% sequentially and profit for the period up 26.6%. Revenue and profit were also markedly higher than in the corresponding quarter last year. The balance sheet expanded, alongside higher inventories, payables and borrowings and a sharp rise in capital work in progress. Investors will be watching how these changes develop alongside the recovery in earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +64.36%
- FII holding: +6.98%
- DII holding: +1.19%
- Mutual fund holding: +1.12%
- Retail holding: +23.62%
- Promoter pledged: +0.00%

### Major reported shareholders

- Jitendra Ujamsi Mamtora — +31.30%
- Karunaben Jitendra Mamtora — +9.50%
- Satyen Jitendra Mamtora — +9.50%
- Janki Aasish Kiri — +9.50%
- Jitendra Ujamsi Mamtora HUF — +4.55%
- State Of Wisconsin Investment Board - Alliance Bernstein L.P. — +1.47%
- Aakanksha Satyen Mamtora — +0.01%

## Official filings

- 2026-11-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_06112026143542_IntimationSEBofa.pdf)
- 2026-11-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_143922906.xml)
- 2026-11-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_06112026145750_IntimationSENuvama.pdf)
- 2026-11-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261106_150134760.xml)
- 2026-11-03 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_03112026163639_IntimationofscheduleofMeet.pdf)
- 2026-11-03 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261103_165237226.xml)
- 2026-10-27 — Press Release: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_27102026112125_PressReleaseUpdateonChiyada.pdf)
- 2026-10-22 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261022_164222365.xml)
- 2026-10-21 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_21102026234358_Trancriptofearningcall13102026.pdf)
- 2026-10-14 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_14102026174018_NewspaperIntimation.pdf)
- 2026-10-13 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13102026153531_OutcomeBM13102026.pdf)
- 2026-10-13 — Earnings Presentation: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13102026154828_InvestorPresentationQ2202627.pdf)
- 2026-10-13 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13102026160028_OutcomeRevised.pdf)
- 2026-10-13 — Press Release: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13102026161308_PressReleaseQ2FY202627.pdf)
- 2026-10-13 — Financial Results Filing: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736992_13102026043428_WEB.xml)
- 2026-10-13 — Financial Results Filing: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736991_13102026043422_WEB.xml)
- 2026-10-13 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_13102026214521_AudioRecordingQ2FY202627.pdf)
- 2026-10-13 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261013_215748987.xml)
- 2026-10-08 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_08102026101436_Intimation74530092026.pdf)
- 2026-10-08 — Shareholding Disclosure: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734076_08102026101824_WEB.xml)
- 2026-10-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2699_WebXMLFile_20261006_125821117.xml)
- 2026-10-06 — Board Meeting Notice: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2699_WebXMLFile_20261006_125821117.xml)
- 2026-10-06 — Board Meeting Notice: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_06102026125510_IntimationofBM13102026.pdf)
- 2026-10-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIL_06102026171606_IntimationofEarningCallQ22027.pdf)
- 2026-10-06 — Generic Announcement: Transformers And Rectifiers (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2699_WebXMLFile_20261006_172307283.xml)

## News and market events

- 2026-10-30 — Mint: **Diwali 2026 Top Stocks To Buy: Apollo Hospitals, GE Vernova, TARIL, TD Power, Jindal Steel, others; top 10 picks, target** — PL Capital released its top 10 stock bets for the Diwali 2026 festive season, recommending Apollo Hospitals, DLF, GE Vernova, HBL Engineering, Jindal Steel, Marine Electricals, Shilpa Medicare, Syrma SGS Technology, TARIL, and TD Power Systems. The brokerage provided specific target prices and stop-loss levels for each selected equity based on technical analysis. — [Source](https://www.livemint.com/market/stock-market-news/pl-capital-diwali-picks-apollo-hospitals-ge-vernova-taril-td-power-systems-to-jindal-steel-among-top-10-bets-for-fe-11793347304385.html)
- 2026-10-28 — BUSINESSTODAY: **Diwali Stock Picks 2026: Syrma SGS, Jindal Steel, TARIL, GE Vernova and more** — Brokerage PL Capital also known as Prabhudas Lilladher has come out with its Diwali Stock Picks for 2026. — [Source](https://www.businesstoday.in/markets/stocks/story/diwali-stock-picks-2026-syrma-sgs-jindal-steel-taril-ge-vernova-and-more-564203-2026-10-28)
- 2026-10-27 — The Hindu: **Transformers and Rectifiers to invest ₹1,250 cr for 3 manufacturing plants in Gujarat** — TARIL to invest ₹1,250 cr in three Gujarat plants for HV components, boosting output and 1,000+ jobs by FY28. — [Source](https://www.thehindubusinessline.com/companies/transformers-and-rectifiers-to-invest-1250-cr-for-3-manufacturing-plants-in-gujarat/article71630550.ece)
- 2026-10-27 — BUSINESSTODAY: **Transformers and Rectifiers shares surge 7% on Rs 1,250-crore investment plan** — Shares of Transformers and Rectifiers (India) Ltd (TARIL) rose over 7% on Tuesday after the firm said it would invest Rs 1,250 crore in three greenfield manufacturing plants in Gujarat creating 1,000 plus direct jobs. — [Source](https://www.businesstoday.in/markets/stocks/story/transformers-and-rectifiers-shares-surge-on-rs-1250-crore-investment-plan-563879-2026-10-27)
- 2026-10-18 — The Hindu: **Gujarat-based Transformers and Rectifiers weighs setting up of a transformer factory in UK** — Gujarat-based TARIL plans UK entry: sales-first expansion via Maxwell Grid UK, potential local assembly, and eventual manufacturing contingent on demand. — [Source](https://www.thehindubusinessline.com/companies/gujarat-based-transformers-and-rectifiers-weighs-setting-up-of-a-transformer-factory-in-uk/article71599657.ece)
- 2026-10-14 — BUSINESSTODAY: **TARIL stock: Should you buy amid the current up move? Analyst answers** — Transformers and Rectifiers India, TARIL stock, TARIL share price, power transmission stocks, India power infrastructure, transformer stocks India, multibagger stocks, stock market news, quarterly earnings, order inflow growth, FY27 guidance, Rajat stock view, Daily Calls Business Today, power sector stocks, grid infrastructure India, electrical equipment stocks, buy on dips strategy, Indian stock market, earnings rally, one year stock outlook — [Source](https://www.businesstoday.in/markets/stocks/story/taril-stock-rally-should-you-buy-amid-the-current-up-move-analyst-answers-561584-2026-10-14)
- 2026-10-14 — MONEYCONTROL: **Transformers and Rectifiers shares soar 17% as Q2 net profit rises 135%** — Transformers and Rectifiers — [Source](https://www.moneycontrol.com/news/business/markets/transformers-and-rectifiers-shares-soar-17-as-q2-net-profit-rises-135-14051656.html)
- 2026-10-14 — Mint: **Transformers and Rectifiers share price jumps 14% after Q2 profit surges 135% | What should investors do next?** — Transformers and Rectifiers shares rose 14% after the company reported a 135% year-on-year increase in Q2FY27 net profit to ₹79.8 crore, including an exceptional gain. Revenue climbed 60.7% to ₹739.4 crore, while EBITDA margin expanded to 17.4%. Its order book grew 32% to ₹7,237 crore. — [Source](https://www.livemint.com/market/stock-market-news/transformers-and-rectifiers-share-price-jumps-14-after-q2-profit-surges-135-what-should-investors-do-next-11791951069809.html)
- 2026-10-14 — BUSINESSTODAY: **Transformers and Rectifiers stock surges 13% on Q2 earnings; key details** — Transformers and Rectifiers stock, Transformers and Rectifiers Q2 earnings, Transformers and Rectifiers share price — [Source](https://www.businesstoday.in/markets/stocks/story/transformers-and-rectifiers-stock-surges-on-q2-earnings-key-details-561414-2026-10-14)
- 2026-10-13 — CNBC-TV18: **Anand Rathi Shares Q2 profit jumps 48% as MTF book expands, non-broking revenue grows** — Anand Rathi Share and Stock Brokers reported strong second-quarter growth, with net profit rising 48.4% year-on-year as revenue increased 20.1%, supported by momentum in broking and non-broking businesses. — [Source](https://www.cnbctv18.com/market/earnings/anand-rathi-shares-q2-profit-jumps-48-pc-mtf-book-expands-non-broking-revenue-20011031.htm)
- 2026-10-13 — The Hindu: **Transformers and Rectifiers Q2 FY27 profit jumps 135%** — TARIL reports 135% Q2 FY27 profit rise to Rs 80 crore on 61% revenue growth, with strong order inflows and expansion momentum. — [Source](https://www.thehindubusinessline.com/companies/transformers-and-rectifiers-q2-fy27-profit-jumps-135/article71579057.ece)
- 2026-10-13 — FREEPRESSJOURNAL.IN: **Transformers and Rectifiers (India) Standalone PAT Surges 338% To ₹75.06 Crore In Q2 FY27** — Transformers and Rectifiers (India) Limited announced a 338 per cent year-on-year increase in its standalone profit after tax (PAT) to ₹75.06 crore for the second quarter ended 30 September 2026. — [Source](https://www.freepressjournal.in/business/transformers-and-rectifiers-india-standalone-pat-surges-338-to-7506-crore-in-q2-fy27)
- 2026-10-13 — The Hindu: **Q2 Results 13th Oct Live: Q2 Results Today Highlights: Tata Elxsi, ICICI Pru Life, Hero Motors shares trade mixed; PNB Gilts jumps 8%** — Q2 Results Today, 13th October 2026 Highlights: Find all the latest Q2 results 2026 updates of Anand Rathi Share And Stock Brokers, Blue Pearl Agriventures, Den Networks, Dharti Proteins, Eimco Elecon (India), GTPL Hathway, Hero Motors, ICICI Prudential Life Insurance Company, IGC Industries, International Travel House-$, Mapro Industries, Mudra Financial Services, Mukta Agriculture, PNB Gilts, Sejal Glass, Shree Krishna Infrastructure, SS Retail, State Trading Corporation of India, Talwalkars B... — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-hero-motors-icici-pru-tata-elxsi-ss-retail-anand-rathi-share-company-results-13-october-2026/article71577900.ece)
- 2026-10-05 — Mint: **Power & Electrical Equipment stocks rise | What’s driving CESC, TD Power, RR Kabel Transformers & Rectifiers?** — Shares of CESC, Transformers & Rectifiers, RR Kabel, PG Electroplast, and TD Power Systems rose on Monday, driven by company-specific developments and broader market recovery. Key movers include TD Power Systems and Transformers & Rectifiers, which benefit from strong orders and technical momentum. — [Source](https://www.livemint.com/market/stock-market-news/power-stocks-surge-what-s-behind-cesc-transformers-rectifiers-rr-kabel-pg-electroplast-td-power-systems-rally-11791190120645.html)
- 2026-10-05 — CNBC-TV18: **Green Energy Corridor Phase 3: KEC, Transformers & Rectifiers see ₹23,500 crore order opportunity** — Vimal Kejriwal, MD & CEO of KEC International and Satyen Mamtora, MD & CEO of Transformers and Rectifiers (India) expect sizeable new business from the third phase of India's renewable energy transmission expansion, with tighter project timelines potentially supporting margins. — [Source](https://www.cnbctv18.com/business/companies/kec-international-transformers-rectifiers-order-opportunity-green-energy-corridor-1-86-lakh-crore-rupees-opportunity-alpha-article-20004473.htm)
- 2026-10-01 — Mint: **Multibagger power stock Transformers & Rectifiers share price jumps 10% after PM-DHARA push - Can the rally continue?** — TARIL shares rose over 10% following the approval of the PM-DHARA Scheme, which allocates ₹1.36 lakh crore for transmission infrastructure. The company's orders in the nuclear sector and increased capacity position it well amidst growing demand for power transformers. — [Source](https://www.livemint.com/market/stock-market-news/multibagger-power-stock-transformers-rectifiers-share-price-jumps-10-after-pm-dhara-push-can-the-rally-continue-11790835387647.html)
- 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)

## 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

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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