Transformers & Rectifiers Complete Financial Statements
In FY2026, Transformers & Rectifiers (TARIL) reported revenue ₹805 Cr, net profit ₹91 Cr and EPS ₹3.04, with a net profit margin of 11.3% and ROE of 6.0%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore TARIL Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
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Profitability Ratios
Balance Sheet Ratios
TARIL Revenue, Net Profit & EBITDA — Year-on-Year Growth
TARIL YoY (Mar 2025 vs Mar 2026) — revenue +17.2%, net profit -3.2%, expenses +21.8%. Review TARIL earnings multiple to evaluate earnings-based valuation against sector peers.
TARIL Income Statement — Revenue, EBITDA & Net Profit
Transformers & Rectifiers revenue ₹805 Cr, EBITDA ₹141 Cr, net profit ₹91 Cr, EPS ₹3.04 (2026) — net profit margin 11.3%. For live price, earnings ratios and company overview, see TARIL share price.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 805 | 474 | 687 | 550 | 741 | 473 | 514 | 326 | 568 | 258 | 440 | 157 | 371 | 327 | 344 | 302 | 336 | 269 | 290 | 220 | 340 | 176 | 164 | 116 | 169 | 155 | 247 | 186 | 212 | 195 | 227 | 198 |
| Expenses | 664 | 409 | 545 | 441 | 612 | 392 | 441 | 280 | 475 | 237 | 406 | 151 | 331 | 291 | 324 | 278 | 300 | 246 | 262 | 201 | 317 | 155 | 147 | 106 | 150 | 139 | 221 | 169 | 194 | 180 | 209 | 185 |
| EBITDA | 141 | 65 | 141 | 109 | 129 | 81 | 73 | 46 | 94 | 21 | 34 | 6 | 40 | 36 | 19 | 24 | 36 | 23 | 28 | 19 | 23 | 21 | 17 | 10 | 19 | 16 | 26 | 17 | 18 | 16 | 19 | 13 |
| Operating Profit Margin % | 15.00% | 11.00% | 19.00% | 17.00% | 17.00% | 15.00% | 14.00% | 13.00% | 15.00% | 8.00% | 7.00% | 3.00% | 10.00% | 10.00% | 5.00% | 8.00% | 9.00% | 8.00% | 8.00% | 8.00% | 5.00% | 11.00% | 10.00% | 8.00% | 11.00% | 10.00% | 9.00% | 3.00% | 8.00% | 6.00% | 8.00% | 6.00% |
| Depreciation | 7 | 7 | 7 | 8 | 8 | 6 | 6 | 7 | 7 | 6 | 7 | 6 | 6 | 4 | 4 | 4 | 9 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Interest | 14 | 13 | 15 | 11 | 13 | 11 | 11 | 12 | 14 | 12 | 12 | 15 | 13 | 13 | 13 | 10 | 12 | 10 | 13 | 10 | 10 | 11 | 15 | 11 | 12 | 10 | 13 | 11 | 11 | 12 | 11 | 10 |
| Profit Before Tax | 120 | 45 | 119 | 91 | 108 | 64 | 56 | 28 | 74 | 3 | 15 | -15 | 21 | 18 | 2 | 10 | 14 | 8 | 10 | 4 | 8 | 5 | -3 | -6 | 2 | 1 | 8 | 1 | 2 | -1 | 4 | -2 |
| Tax | 28 | 8 | 25 | 23 | 32 | 18 | 14 | 7 | 18 | 1 | 5 | -3 | 5 | 6 | 2 | 4 | 0 | 3 | 4 | 2 | 3 | 2 | -1 | -2 | 1 | 0 | 3 | 1 | 1 | -1 | 1 | 0 |
| Net Profit | 91 | 37 | 94 | 68 | 76 | 46 | 42 | 21 | 56 | 2 | 10 | -12 | 16 | 12 | 0 | 6 | 14 | 6 | 7 | 3 | 6 | 4 | -2 | -4 | 1 | 1 | 5 | 1 | 2 | -1 | 2 | -2 |
| Earnings Per Share (₹) | 3.04 | 1.13 | 3.14 | 2.24 | 2.53 | 3.04 | 2.80 | 1.40 | 3.67 | 0.12 | 0.68 | -0.95 | 1.10 | 0.87 | 0.10 | 0.48 | 1.04 | 0.36 | 0.49 | 0.21 | 0.39 | 0.25 | -0.16 | -0.26 | 0.05 | 0.06 | 0.42 | 0.03 | 0.10 | -0.07 | 0.17 | -0.17 |
TARIL Balance Sheet — Assets, Liabilities & Shareholders' Equity
TARIL total assets ₹2,666 Cr, total equity ₹1,515 Cr, total liabilities ₹ Cr (2026) — ROE 6.0%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 2,666 | 2,185 | 1,168 | 1,186 | 1,109 | 925 | 932 | 879 | 1,088 | 876 | 791 | 725 |
| Current Assets | 1,874 | 1,398 | 989 | 990 | 909 | 711 | 714 | 654 | 869 | 670 | 579 | 502 |
| Fixed Assets | 386 | 251 | 144 | 153 | 169 | 181 | 193 | 201 | 195 | 187 | 185 | 192 |
| Capital Work in Progress | 138 | 62 | 5 | 3 | 3 | 0 | 2 | 3 | 12 | 6 | 11 | 11 |
| Investments | 616 | 268 | 4 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 1,604 | 1,015 | 1,028 | 937 | 743 | 737 | 675 | 881 | 682 | 594 | 521 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 90 | 111 | 66 | 77 | 74 | 81 | 52 | 36 | 35 | 40 | 53 | 34 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 1,515 | 1,272 | 563 | 401 | 363 | 350 | 343 | 343 | 338 | 331 | 332 | 339 |
| Share Capital | 30 | 30 | 14 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves & Surplus | 1,485 | 1,222 | 540 | 381 | 343 | 330 | 323 | 322 | 317 | 312 | 314 | 321 |
TARIL Cash Flow Statement — Operating, Investing & Financing
Transformers & Rectifiers operating cash flow ₹157 Cr, investing ₹-625 Cr, financing ₹472 Cr, net cash flow ₹4 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 157 | 29 | 28 | 2 | 96 | 16 | 179 | -102 | 67 | 37 | 93 |
| Investing Activities | -625 | -22 | 9 | -8 | -7 | -15 | -8 | -31 | -24 | -6 | -30 |
| Financing Activities | 472 | -10 | -45 | 17 | -93 | 2 | -182 | 145 | -62 | -31 | -50 |
| Net Cash Flow | 4 | -3 | -7 | 11 | -4 | 3 | -11 | 12 | -19 | 1 | 13 |