Transformers and Rectifiers India Ltd is one of India’s fastest growing electrical equipment manufacturers. The business deals primarily with the production of transformers, reactors, and custom-designed electrical systems in areas such as power generation, transmission, and industry. Recently, it has experienced steady revenue growth and increased profitability due to the growing need for its products and services among India’s developing power infrastructure and renewable energy plants. The business serves customers in both domestic and foreign markets, including power companies, EPC companies, renewable energy companies, and major industrial companies. This article provides a comprehensive overview of Taril share price.
Overview of Transformers & Rectifiers India Ltd
Transformers & Rectifiers India Ltd was founded as a transformer manufacturer with a mandate to cater the power sector in India. With the passage of time, the company grew and began to manufacture more transformers and increased its capacities to make it one of the leading transformer manufacturers in India.
The company produces a variety of transformers and reactors for use in power transmission systems, power generation stations, renewable energy installations, and industrial processes. It also exports products to international markets further improving business diversification.
The focus on improving the transmission infrastructure, increasing the generation from renewable energy sources and decreasing power losses in the transmission network generates long term demand for the transformer manufacturers such as TRIL. The government’s investment in energy and infrastructure directly supports the company.
| Information | Value |
| Company Name | Transformers & Rectifiers India Ltd |
| Founded | 1994 |
| Sector | Capital Goods |
| Industry | Heavy Electrical Equipment |
| Market Cap | ₹9,743 Cr |
| Current Price | ₹314.40 |
| P/E Ratio | 36.8 |
| Book Value | ₹50.5 |
| Dividend Yield | 0.06% |
| Face Value | ₹1 |
Business Operations
Transformers & Rectifiers India Ltd is primarily engaged in the manufacture of transformers and electrical equipment solutions. The Company offers products for power generation, power transmission and industrial applications.
Its manufacturing plants can manufacture large capacity transformers such as the 1200 kV system and single phase transformers having up to 500 MVA capacity. The products are pivotal for India’s growing power sector.
It operates in a B2B business model selling its products to electricity boards, transmission companies, renewable energy developers and industries, railways and EPC contractors.
TRIL also makes special transformers for steel plants, furnace operations, rectifier systems and for renewable energy projects. The company is constantly striving to enhance its technology and production capabilities to match its competitors in the industry.
| Segment | Description |
| Power Transformers | Transmission and distribution transformers |
| Reactors | Series and shunt reactors |
| Furnace Transformers | Industrial and steel sector applications |
| Rectifier Transformers | Power conversion systems |
| Renewable Energy | Solar and wind infrastructure support |
| Mobile Substations | Portable power systems |
| Export Business | International transformer supply |
Taril Share Price on NSE
Transformers and Rectifiers India Ltd is listed on the National Stock Exchange with the ticker symbol “TARIL”. On the contrary, the stock price stayed around the lower half of ₹323 to ₹325 in the early May 2026 period, but experienced some price movements during the day so far as a market movement is concerned. The company works in the Electrical Equipment & Transformer Manufacturing segment, which will benefit from investments that investors make in India’s power infrastructure.
| Details | Information |
| NSE Symbol | TARIL |
| Exchange | NSE |
| Recent Price Range | ₹323–325 |
| Sector | Electrical Equipment |
| Industry | Transformers & Power Equipment |
| Market Category | Mid/Small Cap |
Taril Share Price on BSE
The company is listed on the Bombay Stock Exchange with the code 532928. The BSE price is usually around the NSE price as the traders are active in balancing the pricing difference between BSE and NSE. The trading volume at BSE indicates confidence in power and infrastructure companies.
| Details | Information |
| BSE Code | 532928 |
| Exchange | BSE |
| Recent Price Range | ₹324–325 |
| Price Difference vs NSE | Very Small |
| Liquidity | Moderate |
| Investor Interest | Active |
Taril Share Price History
TRIL saw significant gains before a significant downtrend period. The stock has risen to a 52-week peak around ₹648-649 and pulled back to the ₹277-282 level. This is a sign of profit booking, wider market volatility and sector corrections after a quick rise.
| Historical Metric | Value |
| 52-Week High | ₹648–649 |
| 52-Week Low | ₹277–282 |
| Approximate Correction | Nearly 50% |
| 1-Year Performance | Negative |
| Trend | Highly Volatile |
Transformers & Rectifiers India Ltd Share Price Targets 2026–2030
Various factors such as order book expansion, margin expansion, export business growth, capacity utilisation, and power infrastructure spending in India link the future valuation of TRIL.
The stock may provide solid long-term gains if the company continues to increase its profitability and secures the big contracts in the transformer segment.
| Year | Minimum Target (₹) | Maximum Target (₹) |
| 2026 | 360 | 450 |
| 2027 | 420 | 540 |
| 2028 | 500 | 650 |
| 2029 | 620 | 780 |
| 2030 | 750 | 950 |
Transformers & Rectifiers India Ltd Share Price 52-Week High and Low
The stock touched a 52-week high of ₹579 and a low of ₹224. The stock has experienced a broad swing, indicating significant volatility, but also the potential for substantial gains in bull markets.
The correction from high levels primarily took place due to profit booking following high level rallies.
| Parameter | Value |
| 52-Week High | ₹579 |
| 52-Week Low | ₹224 |
| Correction From High | Around 44% |
| Long-Term View | Positive |
Transformers & Rectifiers India Ltd Share Price History
The business fundamentals and strong demand for transformer equipment have contributed to TRIL’s outstanding stock price performance in recent years.
The expansion of the power infrastructure, growth in the renewable energy sector, and transmission network expansion in India helped the company’s performance.
| Period | Performance |
| 10-Year CAGR | 35% |
| 5-Year CAGR | 94% |
| 3-Year CAGR | 116% |
| 1-Year Return | -32% |
| Profit Growth (5 Years) | 106% CAGR |
TRIL Financial Performance
Over the past several years, TRIL has shown an improvement in its finances. The firm saw a high rate of increase in revenues, but profit margins were not left behind either.
The company’s operating profit rose from ₹134 crore in the FY2024 to ₹383 crore in FY2026. During the same period, net profit has also improved significantly from ₹47 crore to ₹272 crore.
The business has become more efficient than in the past.
| Financial Metric | FY2024 | FY2025 | FY2026 |
| Sales | ₹1,291 Cr | ₹2,017 Cr | ₹2,509 Cr |
| Operating Profit | ₹134 Cr | ₹327 Cr | ₹383 Cr |
| Net Profit | ₹47 Cr | ₹216 Cr | ₹272 Cr |
| EPS | ₹1.56 | ₹7.14 | ₹8.81 |
| ROCE | 15% | 28% | 23% |
TRIL Quarterly Performance
During FY2026, the company reported strong revenue growth in the quarter.
March 2026 quarter sales amounted to ₹783 crore and the net profit was ₹91 crore. Operating margins held up well in the mid teens.
| Quarter | Sales (₹ Cr) | Net Profit (₹ Cr) | OPM |
| Jun 2025 | 529 | 67 | 17% |
| Sep 2025 | 460 | 37 | 11% |
| Dec 2025 | 737 | 76 | 17% |
| Mar 2026 | 783 | 91 | 15% |
TRIL Shareholding Pattern
The promoters’ holding had slightly decreased in the past some years but remained in majority position in the company.
FII’s have also increased their participation to a substantial level, indicating that they have become more confident.
| Category | Mar 2026 |
| Promoters | 64.36% |
| FIIs | 8.33% |
| DIIs | 1.77% |
| Public | 25.54% |
TRIL Order Book and Recent Developments
Recently, TRIL had got a USD 16.26 million export order of five Transformers, which are to be delivered by mid-2027. These export contracts provide greater visibility of revenues and enhance international business prospects.
The company is still negotiating new enquiries and is continuing to build manufacturing capacity in order to meet future demand.
The growing demand for power consumption, the development of renewable energy, and the government’s investments in infrastructure still provide transformer companies with opportunities.
| Development | Impact |
| Export Orders | Revenue growth |
| Renewable Projects | New opportunities |
| Grid Expansion | Higher transformer demand |
| Capacity Expansion | Future growth support |
| Institutional Interest | Better market confidence |
Growth Opportunities
India is still growing its power infrastructure at a fast pace and this is a great long-term opportunity for Transformers and Rectifiers India Ltd. The Government is investing heavily in the transmission networks, renewable energy sources, railway electrification, smart grid and industrial infrastructure. All of these projects are dependent on transformers, reactors and electrical equipment, which directly contribute to TRIL’s business development.
There is also a need for high capacity transformers and grid connection solutions as renewable energy builds up in both the solar and wind power industry. Many countries in the developing world are still upgrading their electricity infrastructure, and this provides another source of revenue for the company to enhance and extend export orders and international expansion. The company can also obtain more long-term contracts and higher utilization in manufacturing in the near future as a result of the growth of industry, urbanization and increased electricity consumption in India.
Risks and Challenges
Despite having great potential for future growth, there have been many challenges facing the operations of Taril share price. High working capital is needed for transformer manufacturing due to stocking inventory, long production line and doing large infrastructure projects. When raw material prices rise, particularly copper and steel, the company’s profit margins could be squeezed as they do not have the luxury of raising prices for their customers.
The project may have to be delayed due to issues related to the project’s execution or failure to collect payments from clients, which can impact Cash flow and profitability. The company is also faced with competition from larger entities such as ABB India Ltd, Hitachi Energy India Ltd and Siemens Ltd which are better established with their strong global presence and financial strength. Moreover, high stock price volatility exists as investors’ sentiment towards mid-cap infrastructure stocks fluctuates rapidly with every change in market conditions, order inflow and quarterly earnings.
Future Outlook
Transformers & Rectifiers India Limited will be able to reap the benefits of increasing energy requirements and growth in the power infrastructure industry in India.
Government investment in power infrastructure, renewable energy, transmission systems, and industrial growth will boost long-term transformer demand. Assuming the company continues to execute well, to enhance its cash flow and to grow its export business, it can continue to grow its finances in the coming years.
Conclusion
Transformers and Rectifiers India Ltd has emerged as one of the important players in India’s transformer manufacturing industry. The company had a remarkable performance in terms of sales growth, profitability, and operational performance in the past few years.
India’s business closely intertwines with the trend of infrastructure expansion and growth in renewable energy. Inflow, export market opportunities and financial performance have been increasing, which is conducive to long-term growth.
But investors need to be mindful of other risks too before investing such as volatility, competition and working capital pressure. Long-term investors who are confident in the growth story of the power infrastructure in India can keep watching TRIL closely.
FAQs
It produces Transformers, reactors and various electrical equipment for electrical power transmission and industrial applications.
The current share price is approximately ₹314.40 (as of 11 May 2026).
The company’s market cap is approximately ₹9,743 crore.
In case of the business growth and market condition it may reach at 750-950 by 2030.
Read More:
MSEI Share Price (Unlisted Share) 2026: Recent Price, History, Analysis and Future Outlook