Transformers And Rectifiers (India) Limited

BSE: 532928 NSE: TRIL
Transformers And Rectifiers (India) Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L33121GJ1994PLC022460 Incorporated 11 July 1994 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: TRIL · BSE: 532928 Public Limited Company energy and power
Data last updated
Revenue · FY 2026
₹2,508.8 Cr
▲ 24.24% YoY
EBITDA · FY 2026
₹444.03 Cr
▲ 23.64% YoY
Net profit · FY 2026
₹272.17 Cr
▲ 25.77% YoY
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹30.02 Cr
Issued & subscribed
Open charges
₹1,203.53 Cr
Satisfied ₹401.63 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
627
Latest available

About Transformers And Rectifiers (India) Limited

Data last updated: 05 January 2026

Transformers And Rectifiers (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 11 July 1994, the company has been in operation for over 32 years.

Registered with ROC Ahmedabad under CIN L33121GJ1994PLC022460. Listed on BSE: 532928 and NSE: TRIL.

Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹30.02 Cr. Formerly known as Triveni Electric Company Limited. It is led by directors including Rajendra Shantilal Shah and Karunaben Jitendra Mamtora.

Last AGM: 13 May 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹2,051.08 Cr, a growth of 58% compared to the previous year.

The company has a workforce of approximately 627 employees as per the latest available data. Its group structure includes 5 subsidiaries.

The company is associated with 1 brand - Transformers & Rectifiers. As per MCA filings, the company has open charges of ₹1,203.53 Cr and satisfied charges of ₹401.63 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website transformerindia.com.

Company Details of Transformers And Rectifiers (India) Limited
CIN L33121GJ1994PLC022460
Registration Number 022460
Incorporation Date 11 July 1994
ROC Ahmedabad
Listing Status Listed (BSE: 532928, NSE: TRIL)
Company Status Active
Date of Last AGM 13 May 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Satyen Jitendra Mamtora Managing Director Karunaben Jitendra Mamtora Whole-Time Director Jitendra Ujamsi Mamtora Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    transformerindia.com
  • Social Media
    **************
  • Registered Address
    Survey No. 427 P/3 – 4 & 431 P/1 – 2 Sarkhej Bavla Highway Village:Moraiya, Tal:Sanand, Ahmedabad, Gujarat, India – 382213
  • Industry
    Energy and Power, Power Equipment Manufacturers
Company report
Transformers And Rectifiers (India) Limited - full intelligence report
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  • Shareholding pattern and group structure
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Financials, compliance, directors, charges, ownership and filings for Transformers And Rectifiers (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited has one previous CIN (Corporate Identification Number): U33121GJ1994PLC022460. The current CIN is L33121GJ1994PLC022460, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L33121GJ1994PLC022460 Current
U33121GJ1994PLC022460 Previous

Associated Brands with Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited operates one associated brand: Transformers & Rectifiers. These brands represent Transformers And Rectifiers (India) Limited's diversified market presence and brand portfolio.

Brand Description Website
Transformers & Rectifiers
Manufacturer of transformers and rectifier transformerindia.com

Business Activity of Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment *********

Auditor Details of Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited is audited by M/s Manubhai & Shah LLP (ICAI peer reviewed, certificate valid till 2028-02-29) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s Manubhai & Shah LLP (ICAI peer reviewed, certificate valid till 2028-02-29) FY 2026 Declaration of unmodified opinion

Board of Directors of Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited is currently managed by 9 directors, with 23 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rajendra Shantilal Shah
Also directs: Aia Engineering Limited, Harsha Engineers International Limited, Ratnamani Metals And Tubes Limited and 2 more
Director 25 May 2021 5 Years 1 Months Current
Karunaben Jitendra Mamtora
Also directs: Transpares Limited, Taril Infrastructure Limited
Whole-Time Director 11 Jul 1994 31 Years 11 Months Current
Satyen Jitendra Mamtora
Also directs: Taril Switchgear Private Limited, Transweld Mechanical Engineering Works Limited, Indian Electrical And Electronics Manufacfturers Association
Managing Director 01 Apr 2010 16 Years 3 Months Current
Jitendra Ujamsi Mamtora Whole-Time Director 11 Jul 1994 31 Years 11 Months Current
Subir Kumar Das
Also directs: M & B Engineering Limited, Troikaa Pharmaceuticals Limited, Cadila Pharmaceuticals Limited and 2 more
Director 14 Nov 2018 7 Years 7 Months Current
Tanvi Vishal Rangwala
Also directs: Advantterra Capital Management Llp, Astral Limited, Hues Hub Online Private Limited
Director 22 Jan 2024 2 Years 5 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Transformers And Rectifiers (India) Limited FY 2026 filings available

Transformers And Rectifiers (India) Limited reported revenue of ₹2,508.8 Cr (up 24.24% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹2,508.8 Cr ▲ 24.24%
Profit · FY 2026
₹272.17 Cr ▲ 25.77%
EBITDA · FY 2026
₹444.03 Cr ▲ 23.64%
Revenue₹ Cr · Consolidated01,0002,0003,000FY 2020: ₹701 Cr701FY 2020FY 2021: ₹742 Cr · +5.9% YoY742+5.9%FY 2021FY 2022: ₹1,158 Cr · +56.1% YoY1,158+56.1%FY 2022FY 2023: ₹1,381 Cr · +19.2% YoY1,381+19.2%FY 2023FY 2024: ₹1,295 Cr · -6.2% YoY1,295-6.2%FY 2024FY 2025: ₹2,019 Cr · +56% YoY2,019+56%FY 2025FY 2026: ₹2,509 Cr · +24.2% YoY2,509+24.2%FY 2026
Net Profit₹ Cr · Consolidated0100200300FY 2020: ₹1 Cr1.1FY 2020FY 2021: ₹8 Cr · +626.7% YoY7.6+626.7%FY 2021FY 2022: ₹14 Cr · +87.2% YoY14.3+87.2%FY 2022FY 2023: ₹42 Cr · +196.6% YoY42.4+196.6%FY 2023FY 2024: ₹47 Cr · +11% YoY47+11%FY 2024FY 2025: ₹216 Cr · +360.3% YoY216+360.3%FY 2025FY 2026: ₹272 Cr · +25.8% YoY272+25.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,000Q1'25: ₹322 Cr · +107% YoY322+107%Q1'25Q2'25: ₹462 Cr · +79.5% YoY462+79.5%Q2'25Q3'25: ₹559 Cr · +51.4% YoY559+51.4%Q3'25Q4'25: ₹676 Cr · +31.9% YoY676+31.9%Q4'25Q1'26: ₹529 Cr · +64.4% YoY529+64.4%Q1'26Q2'26: ₹460 Cr · -0.3% YoY460-0.3%Q2'26Q3'26: ₹737 Cr · +31.7% YoY737+31.7%Q3'26Q4'26: ₹783 Cr · +15.7% YoY783+15.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,508.8 Cr ₹2,019.38 Cr ₹1,294.68 Cr ₹1,380.85 Cr ₹1,158.33 Cr ₹742.08 Cr ₹700.95 Cr
Other Income ₹60.85 Cr ₹31.7 Cr ₹5.82 Cr ₹8.16 Cr ₹13.26 Cr ₹9.6 Cr ₹15.85 Cr
Total Income ₹2,569.65 Cr ₹2,051.08 Cr ₹1,300.5 Cr ₹1,389.01 Cr ₹1,171.59 Cr ₹751.68 Cr ₹716.8 Cr
Cost of Materials Consumed ₹1,770.18 Cr ₹1,424.37 Cr ₹895.6 Cr ₹995.72 Cr ₹974.89 Cr ₹534.21 Cr ₹532.49 Cr
Purchases of Stock-in-Trade ₹7.5 Cr ₹9.84 Cr ₹29.09 Cr ₹49.42 Cr ₹0 ₹0 ₹0
Changes in Inventories -₹82.81 Cr -₹49.69 Cr ₹2.14 Cr ₹27.85 Cr -₹50.92 Cr ₹7.29 Cr -₹23.07 Cr
Employee Benefit Expense ₹105.74 Cr ₹60.07 Cr ₹47.7 Cr ₹41.18 Cr ₹32.44 Cr ₹28.44 Cr ₹32.36 Cr
Finance Costs ₹51.08 Cr ₹50.6 Cr ₹50.8 Cr ₹47.96 Cr ₹43.59 Cr ₹46.21 Cr ₹45.77 Cr
Depreciation & Amortisation ₹29.91 Cr ₹26.96 Cr ₹24.73 Cr ₹24.53 Cr ₹16.99 Cr ₹19.34 Cr ₹19.59 Cr
Other Expenses ₹325.01 Cr ₹247.35 Cr ₹186.04 Cr ₹145.28 Cr ₹131.3 Cr ₹103.66 Cr ₹107.82 Cr
Total Expenses ₹2,206.61 Cr ₹1,769.5 Cr ₹1,236.1 Cr ₹1,331.94 Cr ₹1,148.29 Cr ₹739.15 Cr ₹714.96 Cr
Profit Before Exceptional Items & Tax ₹363.04 Cr ₹281.58 Cr ₹64.4 Cr ₹57.07 Cr ₹23.3 Cr ₹12.53 Cr ₹1.84 Cr
Exceptional Items ₹0 ₹3.24 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹363.04 Cr ₹284.82 Cr ₹64.4 Cr ₹57.07 Cr ₹23.3 Cr ₹12.53 Cr ₹1.84 Cr
Total Tax Expense ₹90.87 Cr ₹68.41 Cr ₹17.39 Cr ₹14.72 Cr ₹9.02 Cr ₹4.88 Cr ₹81 Lakh
Net Profit ₹272.17 Cr ₹216.41 Cr ₹47.01 Cr ₹42.35 Cr ₹14.28 Cr ₹7.63 Cr ₹1.05 Cr
  attributable to Owners ₹0 ₹0 ₹44.5 Cr ₹40.71 Cr ₹13.99 Cr ₹7.06 Cr ₹40 Lakh
  attributable to NCI ₹0 ₹0 ₹2.51 Cr ₹1.64 Cr ₹29 Lakh ₹57 Lakh ₹65 Lakh
Other Comprehensive Income -₹8 Lakh ₹17 Lakh ₹42 Lakh ₹17 Lakh -₹3 Lakh ₹6 Lakh ₹18 Lakh
Total Comprehensive Income ₹272.09 Cr ₹216.58 Cr ₹47.43 Cr ₹42.52 Cr ₹14.25 Cr ₹7.69 Cr ₹1.23 Cr
EBITDA (computed) ₹444.03 Cr ₹359.14 Cr ₹139.93 Cr ₹129.56 Cr ₹83.88 Cr ₹78.08 Cr ₹67.2 Cr
Basic EPS ₹9.07 ₹7.21 ₹3.24 ₹3.07 ₹1.06 ₹0.55 ₹0.03
Diluted EPS ₹9.07 ₹7.21 ₹3.24 ₹3.07 ₹1.06 ₹0.55 ₹0.03
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,665.72 Cr ₹2,184.98 Cr ₹1,168.3 Cr ₹1,185.68 Cr
Non-current Assets ₹791.85 Cr ₹786.92 Cr ₹179.72 Cr ₹196 Cr
Current Assets ₹1,873.87 Cr ₹1,398.06 Cr ₹988.58 Cr ₹989.68 Cr
Property, Plant & Equipment ₹230.48 Cr ₹231.97 Cr ₹136.93 Cr ₹147.22 Cr
Inventories ₹615.52 Cr ₹444.9 Cr ₹274.83 Cr ₹271.38 Cr
Trade Receivables ₹887.34 Cr ₹468.81 Cr ₹614.09 Cr ₹635.27 Cr
Cash & Equivalents ₹8.1 Cr ₹5.27 Cr ₹1.61 Cr ₹4.75 Cr
Equity (Net Worth) ₹1,542.99 Cr ₹1,272.35 Cr ₹562.94 Cr ₹400.87 Cr
Equity Share Capital ₹30.02 Cr ₹30.02 Cr ₹14.26 Cr ₹13.26 Cr
Borrowings (Non-current) ₹66.88 Cr ₹80.95 Cr ₹53.13 Cr ₹63.79 Cr
Borrowings (Current) ₹389.73 Cr ₹201.84 Cr ₹202.66 Cr ₹265.71 Cr
Total Debt (computed) ₹456.61 Cr ₹282.79 Cr ₹255.79 Cr ₹329.5 Cr
Current Liabilities ₹1,032.3 Cr ₹801.22 Cr ₹539.37 Cr ₹707.68 Cr
Total Liabilities ₹1,122.73 Cr ₹912.63 Cr ₹605.36 Cr ₹784.81 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹105.38 Cr ₹156.58 Cr ₹29.16 Cr ₹28.38 Cr ₹1.88 Cr
Investing Cash Flow -₹7.4 Cr -₹625.11 Cr -₹22.44 Cr ₹9.16 Cr -₹7.99 Cr
Financing Cash Flow ₹115.61 Cr ₹472.19 Cr -₹9.86 Cr -₹44.88 Cr ₹17.21 Cr
Capital Expenditure ₹109.44 Cr ₹234.8 Cr -₹61 Lakh ₹10.28 Cr ₹8.52 Cr
Free Cash Flow (computed) -₹214.82 Cr -₹78.22 Cr ₹28.55 Cr ₹18.1 Cr -₹6.64 Cr
Dividends Paid ₹6.97 Cr ₹2.85 Cr ₹1.99 Cr ₹1.99 Cr ₹33 Lakh
Net Change in Cash ₹2.83 Cr ₹3.66 Cr -₹3.14 Cr -₹7.34 Cr ₹11.1 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹782.67 Cr ₹736.76 Cr ₹460.03 Cr ₹529.33 Cr ₹676.48 Cr ₹559.36 Cr ₹461.54 Cr ₹322 Cr ₹512.7 Cr ₹369.35 Cr ₹257.06 Cr ₹155.57 Cr
Other Income ₹22.37 Cr ₹4.26 Cr ₹13.92 Cr ₹20.31 Cr ₹6.94 Cr ₹8.96 Cr ₹11.77 Cr ₹4.03 Cr ₹1.3 Cr ₹1.67 Cr ₹1.06 Cr ₹1.78 Cr
Total Income ₹805.04 Cr ₹741.02 Cr ₹473.95 Cr ₹549.64 Cr ₹683.42 Cr ₹568.32 Cr ₹473.31 Cr ₹326.03 Cr ₹514 Cr ₹371.02 Cr ₹258.12 Cr ₹157.35 Cr
Cost of Materials Consumed ₹540.27 Cr ₹419.54 Cr ₹467.63 Cr ₹342.74 Cr ₹434.34 Cr ₹380.08 Cr ₹338.94 Cr ₹271.01 Cr ₹288.49 Cr ₹233.51 Cr ₹190.25 Cr ₹183.35 Cr
Purchases of Stock-in-Trade ₹72 Lakh ₹2.07 Cr ₹2.28 Cr ₹2.43 Cr ₹6.69 Cr ₹1.79 Cr ₹99 Lakh ₹37 Lakh ₹5.83 Cr ₹5.07 Cr ₹9.51 Cr ₹8.68 Cr
Changes in Inventories -₹6.51 Cr ₹80.06 Cr -₹154.71 Cr -₹1.65 Cr -₹79 Lakh ₹16.27 Cr -₹18.3 Cr -₹46.87 Cr ₹56.66 Cr ₹36.39 Cr -₹6.22 Cr -₹84.69 Cr
Employee Benefit Expense ₹38.7 Cr ₹21.77 Cr ₹26.05 Cr ₹19.22 Cr ₹23.55 Cr ₹13.33 Cr ₹12.05 Cr ₹11.14 Cr ₹18.36 Cr ₹10.37 Cr ₹9.52 Cr ₹9.45 Cr
Finance Costs ₹14.37 Cr ₹13.37 Cr ₹12.87 Cr ₹10.47 Cr ₹14.92 Cr ₹13.54 Cr ₹10.48 Cr ₹11.66 Cr ₹10.85 Cr ₹13.22 Cr ₹11.52 Cr ₹15.21 Cr
Depreciation & Amortisation ₹7.01 Cr ₹8.08 Cr ₹7.27 Cr ₹7.55 Cr ₹7.28 Cr ₹6.49 Cr ₹6.41 Cr ₹6.78 Cr ₹6.03 Cr ₹6.31 Cr ₹6.21 Cr ₹6.17 Cr
Other Expenses ₹91.01 Cr ₹88.34 Cr ₹67.26 Cr ₹78.4 Cr ₹81.44 Cr ₹63.09 Cr ₹58.66 Cr ₹44.16 Cr ₹71.74 Cr ₹45.57 Cr ₹34.32 Cr ₹34.41 Cr
Total Expenses ₹685.57 Cr ₹633.23 Cr ₹428.65 Cr ₹459.16 Cr ₹567.43 Cr ₹494.59 Cr ₹409.23 Cr ₹298.25 Cr ₹457.96 Cr ₹350.44 Cr ₹255.11 Cr ₹172.58 Cr
Profit Before Exceptional Items & Tax ₹119.47 Cr ₹107.79 Cr ₹45.3 Cr ₹90.48 Cr ₹115.99 Cr ₹73.73 Cr ₹64.08 Cr ₹27.78 Cr ₹56.04 Cr ₹20.58 Cr ₹3.01 Cr -₹15.23 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹3.24 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹119.47 Cr ₹107.79 Cr ₹45.3 Cr ₹90.48 Cr ₹119.23 Cr ₹73.73 Cr ₹64.08 Cr ₹27.78 Cr ₹56.04 Cr ₹20.58 Cr ₹3.01 Cr -₹15.23 Cr
Total Tax Expense ₹28.08 Cr ₹31.82 Cr ₹7.95 Cr ₹23.02 Cr ₹25.04 Cr ₹18.25 Cr ₹18.17 Cr ₹6.95 Cr ₹14.42 Cr ₹4.86 Cr ₹1.12 Cr -₹3.02 Cr
Net Profit ₹91.39 Cr ₹75.97 Cr ₹37.35 Cr ₹67.46 Cr ₹94.19 Cr ₹55.48 Cr ₹45.91 Cr ₹20.83 Cr ₹41.62 Cr ₹15.72 Cr ₹1.89 Cr -₹12.21 Cr
  attributable to Owners ₹0 ₹0 ₹0 ₹0 ₹0 - - ₹20.09 Cr ₹39.93 Cr ₹15.57 Cr ₹1.61 Cr ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 - - ₹74 Lakh ₹1.69 Cr ₹14 Lakh ₹28 Lakh ₹0
Other Comprehensive Income -₹29 Lakh ₹3 Lakh ₹10 Lakh ₹8 Lakh -₹2 Lakh ₹4 Lakh ₹11 Lakh ₹4 Lakh ₹31 Lakh ₹4 Lakh ₹3 Lakh ₹4 Lakh
Total Comprehensive Income ₹91.1 Cr ₹76 Cr ₹37.45 Cr ₹67.54 Cr ₹94.17 Cr ₹55.52 Cr ₹46.02 Cr ₹20.87 Cr ₹41.93 Cr ₹15.76 Cr ₹1.92 Cr -₹12.17 Cr
EBITDA (computed) ₹140.85 Cr ₹129.24 Cr ₹65.44 Cr ₹108.5 Cr ₹138.19 Cr ₹93.76 Cr ₹80.97 Cr ₹46.22 Cr ₹72.92 Cr ₹40.11 Cr ₹20.74 Cr ₹6.15 Cr
Basic EPS ₹3.04 ₹2.46 ₹1.13 ₹2.24 ₹3.17 ₹3.67 ₹3.04 ₹1.40 ₹2.80 ₹1.10 ₹0.12 ₹-0.95
Diluted EPS ₹3.04 ₹2.46 ₹1.13 ₹2.24 ₹3.17 ₹3.67 ₹3.04 ₹1.40 ₹2.80 ₹1.10 ₹0.12 ₹-0.95
Latest 12 quarters shown of 25 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2020
Revenue from Operations ₹2,395.49 Cr ₹1,950.14 Cr ₹1,273.31 Cr ₹1,359.86 Cr ₹1,122.58 Cr ₹683.06 Cr
Other Income ₹56.85 Cr ₹32.78 Cr ₹8.69 Cr ₹11.86 Cr ₹18.86 Cr ₹16.96 Cr
Total Income ₹2,452.34 Cr ₹1,982.92 Cr ₹1,282 Cr ₹1,371.72 Cr ₹1,141.44 Cr ₹700.02 Cr
Cost of Materials Consumed ₹1,763 Cr ₹1,421.9 Cr ₹916.92 Cr ₹1,010.03 Cr ₹974.39 Cr ₹538.18 Cr
Purchases of Stock-in-Trade ₹1.94 Cr ₹5.04 Cr ₹29.09 Cr ₹49.42 Cr ₹0 ₹0
Changes in Inventories -₹79.43 Cr -₹42.68 Cr ₹5.79 Cr ₹30.28 Cr -₹54.01 Cr -₹22.59 Cr
Employee Benefit Expense ₹85.09 Cr ₹52.29 Cr ₹44.6 Cr ₹38.07 Cr ₹29.87 Cr ₹29.78 Cr
Finance Costs ₹44.92 Cr ₹48.38 Cr ₹49.76 Cr ₹46.63 Cr ₹42.27 Cr ₹44.46 Cr
Depreciation & Amortisation ₹23.2 Cr ₹24.28 Cr ₹22.73 Cr ₹22.57 Cr ₹15.31 Cr ₹17.93 Cr
Other Expenses ₹311.78 Cr ₹229.5 Cr ₹157.02 Cr ₹126.3 Cr ₹112.65 Cr ₹91.55 Cr
Total Expenses ₹2,150.5 Cr ₹1,738.71 Cr ₹1,225.91 Cr ₹1,323.3 Cr ₹1,120.48 Cr ₹699.31 Cr
Profit Before Exceptional Items & Tax ₹301.84 Cr ₹244.21 Cr ₹56.09 Cr ₹48.42 Cr ₹20.96 Cr ₹71 Lakh
Exceptional Items ₹0 ₹3.24 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹301.84 Cr ₹247.45 Cr ₹56.09 Cr ₹48.42 Cr ₹20.96 Cr ₹71 Lakh
Total Tax Expense ₹76.41 Cr ₹59.88 Cr ₹14.98 Cr ₹11.33 Cr ₹7.93 Cr ₹17 Lakh
Net Profit ₹225.43 Cr ₹187.57 Cr ₹41.11 Cr ₹37.09 Cr ₹13.03 Cr ₹54 Lakh
Other Comprehensive Income ₹4 Lakh ₹15 Lakh ₹41 Lakh ₹14 Lakh -₹3 Lakh ₹17 Lakh
Total Comprehensive Income ₹225.47 Cr ₹187.72 Cr ₹41.52 Cr ₹37.23 Cr ₹13 Cr ₹71 Lakh
EBITDA (computed) ₹369.96 Cr ₹316.87 Cr ₹128.58 Cr ₹117.62 Cr ₹78.54 Cr ₹63.1 Cr
Basic EPS ₹7.51 ₹6.31 ₹3.00 ₹2.80 ₹0.98 ₹0.04
Diluted EPS ₹7.51 ₹6.31 ₹3.00 ₹2.80 ₹0.98 ₹0.04
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,500.29 Cr ₹2,047.06 Cr ₹1,129.13 Cr ₹1,148.46 Cr
Non-current Assets ₹726.5 Cr ₹370.27 Cr ₹181.52 Cr ₹182.59 Cr
Current Assets ₹1,773.79 Cr ₹1,676.79 Cr ₹947.61 Cr ₹965.87 Cr
Property, Plant & Equipment ₹126.3 Cr ₹127.85 Cr ₹121.05 Cr ₹130.24 Cr
Inventories ₹560.88 Cr ₹399.43 Cr ₹245.21 Cr ₹244.56 Cr
Trade Receivables ₹853.32 Cr ₹778.84 Cr ₹597.68 Cr ₹630.21 Cr
Cash & Equivalents ₹5.78 Cr ₹42 Lakh ₹17 Lakh ₹44 Lakh
Equity (Net Worth) ₹1,440.19 Cr ₹1,210.42 Cr ₹539.39 Cr ₹382.47 Cr
Equity Share Capital ₹30.02 Cr ₹30.02 Cr ₹14.26 Cr ₹13.26 Cr
Borrowings (Non-current) ₹53.08 Cr ₹77.83 Cr ₹52.5 Cr ₹62.78 Cr
Borrowings (Current) ₹370.92 Cr ₹182.21 Cr ₹197.98 Cr ₹258.99 Cr
Total Debt (computed) ₹424 Cr ₹260.04 Cr ₹250.48 Cr ₹321.77 Cr
Current Liabilities ₹984.01 Cr ₹747.28 Cr ₹524.6 Cr ₹690.13 Cr
Total Liabilities ₹1,060.1 Cr ₹836.64 Cr ₹589.74 Cr ₹765.99 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹58.57 Cr ₹98.63 Cr ₹28.06 Cr ₹26.74 Cr -₹5.88 Cr
Investing Cash Flow -₹48.76 Cr -₹542.83 Cr -₹22.52 Cr ₹5.51 Cr -₹3.89 Cr
Financing Cash Flow ₹112.68 Cr ₹444.45 Cr -₹5.81 Cr -₹42.25 Cr ₹20 Cr
Capital Expenditure ₹98.73 Cr ₹140.73 Cr ₹0 ₹10.62 Cr ₹6.93 Cr
Free Cash Flow (computed) -₹157.3 Cr -₹42.1 Cr ₹28.06 Cr ₹16.12 Cr -₹12.82 Cr
Dividends Paid ₹6 Cr ₹2.85 Cr ₹1.99 Cr ₹1.99 Cr ₹33.26 Lakh
Net Change in Cash ₹5.35 Cr ₹25 Lakh -₹27 Lakh -₹10 Cr ₹10.23 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹752.33 Cr ₹704.21 Cr ₹428.42 Cr ₹510.53 Cr ₹647.31 Cr ₹545.31 Cr ₹445.93 Cr ₹311.59 Cr ₹500.28 Cr ₹365.3 Cr ₹254.37 Cr ₹153.36 Cr
Other Income ₹22.42 Cr ₹5.66 Cr ₹12.39 Cr ₹16.38 Cr ₹7.94 Cr ₹9.05 Cr ₹11.78 Cr ₹4.01 Cr ₹2.3 Cr ₹2.5 Cr ₹1.89 Cr ₹2 Cr
Total Income ₹774.75 Cr ₹709.87 Cr ₹440.81 Cr ₹526.91 Cr ₹655.25 Cr ₹554.36 Cr ₹457.71 Cr ₹315.6 Cr ₹502.58 Cr ₹367.8 Cr ₹256.26 Cr ₹155.36 Cr
Cost of Materials Consumed ₹543.4 Cr ₹417.41 Cr ₹466.04 Cr ₹336.15 Cr ₹444.99 Cr ₹381.45 Cr ₹329.24 Cr ₹266.22 Cr ₹297.6 Cr ₹239.74 Cr ₹194.11 Cr ₹185.47 Cr
Purchases of Stock-in-Trade ₹15 Lakh ₹34 Lakh ₹77 Lakh ₹68 Lakh ₹1.89 Cr ₹1.79 Cr ₹99 Lakh ₹37 Lakh ₹5.82 Cr ₹5.07 Cr ₹9.52 Cr ₹8.68 Cr
Changes in Inventories -₹13.4 Cr ₹82.21 Cr -₹156.22 Cr ₹7.98 Cr -₹1.66 Cr ₹14.68 Cr -₹13.67 Cr -₹42.03 Cr ₹52.34 Cr ₹37.15 Cr -₹3.91 Cr -₹79.79 Cr
Employee Benefit Expense ₹29.78 Cr ₹17.61 Cr ₹22.04 Cr ₹15.66 Cr ₹20.62 Cr ₹11.59 Cr ₹10.35 Cr ₹9.73 Cr ₹17.45 Cr ₹9.57 Cr ₹8.81 Cr ₹8.77 Cr
Finance Costs ₹12.62 Cr ₹12.36 Cr ₹10.75 Cr ₹9.19 Cr ₹13.33 Cr ₹13.31 Cr ₹10.27 Cr ₹11.47 Cr ₹11.12 Cr ₹12.98 Cr ₹11.2 Cr ₹14.46 Cr
Depreciation & Amortisation ₹5.26 Cr ₹5.67 Cr ₹6 Cr ₹6.25 Cr ₹6.27 Cr ₹5.91 Cr ₹5.82 Cr ₹6.28 Cr ₹5.54 Cr ₹5.81 Cr ₹5.71 Cr ₹5.67 Cr
Other Expenses ₹97.92 Cr ₹78.3 Cr ₹65.82 Cr ₹69.74 Cr ₹77.68 Cr ₹57.89 Cr ₹55.15 Cr ₹38.78 Cr ₹64.4 Cr ₹39.5 Cr ₹26.69 Cr ₹26.43 Cr
Total Expenses ₹675.73 Cr ₹613.9 Cr ₹415.2 Cr ₹445.65 Cr ₹563.12 Cr ₹486.62 Cr ₹398.15 Cr ₹290.82 Cr ₹454.27 Cr ₹349.82 Cr ₹252.13 Cr ₹169.69 Cr
Profit Before Exceptional Items & Tax ₹99.02 Cr ₹95.97 Cr ₹25.61 Cr ₹81.26 Cr ₹92.13 Cr ₹67.74 Cr ₹59.56 Cr ₹24.78 Cr ₹48.31 Cr ₹17.98 Cr ₹4.13 Cr -₹14.33 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹3.24 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹99.02 Cr ₹95.97 Cr ₹25.61 Cr ₹81.26 Cr ₹95.37 Cr ₹67.74 Cr ₹59.56 Cr ₹24.78 Cr ₹48.31 Cr ₹17.98 Cr ₹4.13 Cr -₹14.33 Cr
Total Tax Expense ₹21.55 Cr ₹24.94 Cr ₹8.81 Cr ₹21.11 Cr ₹18.79 Cr ₹17.23 Cr ₹17.45 Cr ₹6.41 Cr ₹12.66 Cr ₹4.58 Cr ₹1.09 Cr -₹3.35 Cr
Net Profit ₹77.47 Cr ₹71.03 Cr ₹16.8 Cr ₹60.15 Cr ₹76.58 Cr ₹50.51 Cr ₹42.11 Cr ₹18.37 Cr ₹35.65 Cr ₹13.4 Cr ₹3.04 Cr -₹10.98 Cr
Other Comprehensive Income -₹16 Lakh ₹5 Lakh ₹10 Lakh ₹5 Lakh ₹0 ₹4 Lakh ₹7 Lakh ₹4 Lakh ₹30 Lakh ₹4 Lakh ₹3 Lakh ₹4 Lakh
Total Comprehensive Income ₹77.31 Cr ₹71.08 Cr ₹16.9 Cr ₹60.2 Cr ₹76.58 Cr ₹50.55 Cr ₹42.18 Cr ₹18.41 Cr ₹35.95 Cr ₹13.44 Cr ₹3.07 Cr -₹10.94 Cr
EBITDA (computed) ₹116.9 Cr ₹114 Cr ₹42.36 Cr ₹96.7 Cr ₹111.73 Cr ₹86.96 Cr ₹75.65 Cr ₹42.53 Cr ₹64.97 Cr ₹36.77 Cr ₹21.04 Cr ₹5.8 Cr
Basic EPS ₹2.58 ₹2.37 ₹0.56 ₹2.00 ₹2.58 ₹3.39 ₹2.83 ₹1.28 ₹2.50 ₹0.95 ₹0.23 ₹-0.83
Diluted EPS ₹2.58 ₹2.37 ₹0.56 ₹2.00 ₹2.58 ₹3.39 ₹2.83 ₹1.28 ₹2.50 ₹0.95 ₹0.23 ₹-0.83
Latest 12 quarters shown of 25 on record.
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Shareholding Pattern of Transformers And Rectifiers (India) Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 64.36%, foreign institutional investors hold 8.33%, domestic institutional investors hold 1.77%, retail and other public shareholders hold 25.54% of Transformers And Rectifiers (India) Limited. The company had 211,907 shareholders on record.

Promoters: 64.36%DII (Domestic Institutional): 1.77%FII (Foreign Institutional): 8.33%Retail & Others: 25.54%
Mar 2026
QUARTER
64.36% Promoters
1.77% DII (Domestic Institutional)
8.33% FII (Foreign Institutional)
25.54% Retail & Others
Promoter holding - history
Now 64.36% · Mar 2026High 74.91% · Mar 2019Low 64.36% · Dec 2024
63%66.3%69.5%72.8%76%Dec 2015Jun 2018Dec 2020Jun 2023Jun 2025Dec 2015: 74.90%Mar 2016: 74.90%Jun 2016: 74.90%Sep 2016: 74.90%Dec 2016: 74.90%Mar 2017: 74.90%Jun 2017: 74.90%Sep 2017: 74.90%Dec 2017: 74.90%Mar 2018: 74.90%Jun 2018: 74.90%Sep 2018: 74.90%Dec 2018: 74.90%Mar 2019: 74.91%Jun 2019: 74.91%Sep 2019: 74.91%Dec 2019: 74.91%Mar 2020: 74.91%Jun 2020: 74.91%Sep 2020: 74.91%Dec 2020: 74.91%Mar 2021: 74.91%Jun 2021: 74.91%Sep 2021: 74.91%Dec 2021: 74.91%Mar 2022: 74.91%Jun 2022: 74.91%Sep 2022: 74.91%Dec 2022: 74.91%Mar 2023: 74.91%Jun 2023: 74.91%Sep 2023: 74.91%Oct 2023: 69.65%Dec 2023: 69.65%Mar 2024: 69.65%Jun 2024: 66.16%Sep 2024: 66.16%Dec 2024: 64.36%Feb 2025: 64.36%Mar 2025: 64.36%Jun 2025: 64.36%Sep 2025: 64.36%Dec 2025: 64.36%Mar 2026: 64.36%74.91%64.36%64.36%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Feb 2025
Promoters64.36%64.36%64.36%64.36%64.36%64.36%
Public35.64%35.64%35.64%35.64%35.64%35.64%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters64.36%64.36%69.65%74.91%74.91%74.91%74.91%74.91%74.90%74.90%74.90%
Public35.64%35.64%30.35%25.09%25.09%25.09%25.09%25.09%25.10%25.10%25.10%
Promoter change (YoY, %pts)+0.00-5.29-5.26+0.00+0.00+0.00+0.00+0.01+0.00+0.00-

Board & Governance of Transformers And Rectifiers (India) Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Transformers And Rectifiers (India) Limited has 6 directors - 3 independent and 3 executive. The board is chaired by Jitendra U. Mamtora.

DirectorPositionOn board sinceListed boards
Jitendra U. Mamtora Executive Director · Chairperson 1994-07-11 1
Karuna J. Mamtora Executive Director 1994-07-11 1
Satyen J. Mamtora Executive Director · CEO-MD 1994-07-11 1
Subir Kumar Das Non-Executive - Independent Director 2018-11-14 2
Rajendra S. Shah Non-Executive - Independent Director 2021-05-25 4
Tanvi V. Rangwala Non-Executive - Independent Director 2024-01-22 2
Board Committees
CommitteeMembers
Audit Committee Subir Kumar Das (Chairperson), Jitendra U. Mamtora, Rajendra S. Shah, Tanvi V. Rangwala
Nomination and remuneration committee Subir Kumar Das (Chairperson), Rajendra S. Shah, Tanvi V. Rangwala
Stakeholders Relationship Committee Subir Kumar Das (Chairperson), Rajendra S. Shah, Satyen J. Mamtora
Risk Management Committee Subir Kumar Das (Chairperson), Satyen J. Mamtora, Jitendra U. Mamtora, Mr.Chanchal S S Rajora
Corporate Social Responsibility Committee Karuna J. Mamtora (Chairperson), Jitendra U. Mamtora, Subir Kumar Das

Group Structure of Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited has 5 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Transformers And Rectifiers (India) Limited's business expansion strategy and organizational complexity.

5
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Savas Engineering Company Private Limited U29197GJ1999PTC081203 -
Transpares Limited U31102GJ1995PLC024841 -
Taril Switchgear Private Limited U31503GJ2015PTC085076 -
Taril Infrastructure Limited U45208GJ2012PLC071693 -
Transweld Mechanical Engineering Works Limited U55101GJ1995PLC026055 -

Showing major subsidiaries. Total: 5.

Charges & Borrowings of Transformers And Rectifiers (India) Limited

Open charges
₹1,203.53 Cr
Satisfied charges
₹401.63 Cr
Breakdown by lending institutions
Others₹1,192.89 Cr
State Bank of India₹10.36 Cr
Hdfc Bank Limited₹0.28 Cr
Latest charge details
DateLenderAmountStatus
05 Sep 2024 Others ₹178 Cr Open
08 Nov 2023 Hdfc Bank Limited ₹27.95 Lakh Open
24 Jul 2023 Others ₹60 Lakh Open
19 Dec 2022 Others ₹1.32 Cr Open
07 Nov 2022 Others ₹72.9 Lakh Open

Total charge records: 46 View all charges

Employees and EPFO Compliance at Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited has a workforce of 627 employees as of Oct 15, 2025.

Employee count
627
Active EPFO establishments
2
Employee growth
10.78%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Transformers And Rectifiers (India) Limited

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Monthly employee headcount & PF contributions
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GST Compliance of Transformers And Rectifiers (India) Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Transformers And Rectifiers (India) Limited

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GSTIN registrations & state-wise presence
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HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Transformers And Rectifiers (India) Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Transformers And Rectifiers (India) Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
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Group company & common directorship litigation
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MSME Payment Delays by Transformers And Rectifiers (India) Limited

MSME Payment Delays by Transformers And Rectifiers (India) Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Transformers And Rectifiers (India) Limited

Subsidiaries & Group Companies of Transformers And Rectifiers (India) Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Transformers And Rectifiers (India) Limited

MCA Filings & Documents of Transformers And Rectifiers (India) Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Transformers And Rectifiers (India) Limited

Charges
16 Dec 2025
A charge registered on 25 Oct 2023 via Charge ID 100813465 with Others was fully satisfied on 16 Dec 2025.
Directors
08 Jul 2025
Mukul Premprasad Srivastava was appointed as a Ceo on 08 Jul 2025 & has been associated with this company since 1 year.
Activity
13 May 2025
Transformers And Rectifiers (India) Limited last Annual general meeting of members was held on 13 May 2025 as per latest MCA records.
Activity
31 Mar 2025
Transformers And Rectifiers (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
16 Dec 2024
A charge with Others of Rs. 1,011.42 Cr registered on 15 Sep 2004 with Charge ID 90096923 was modified on 16 Dec 2024.
Charges
19 Nov 2024
A charge registered on 21 Sep 2022 via Charge ID 100616843 with Others was fully satisfied on 19 Nov 2024.

Recent News on Transformers And Rectifiers (India) Limited

Frequently Asked Questions about Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) Limited is an active public limited company in the energy and power sector based in Ahmedabad, Gujarat, India. It was incorporated on 11 July 1994 (32+ years old) and is registered under CIN L33121GJ1994PLC022460. Listed on BSE: 532928 and NSE: TRIL. The company has 627 employees.

Transformers And Rectifiers (India) Limited reported revenue of ₹2,051.08 Cr for FY 2025 (up 58.00% YoY).

The current directors of Transformers And Rectifiers (India) Limited are:

The primary industry of Transformers And Rectifiers (India) Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.

Yes. Transformers And Rectifiers (India) Limited is listed on both BSE (code: 532928) and NSE (symbol: TRIL).

Transformers And Rectifiers (India) Limited can be reached at the registered office: Survey No. 427 P3 – 4 & 431 P1 – 2 Sarkhej Bavla Highway Village:Moraiya, Tal:Sanand, Ahmedabad, Gujarat, India – 382213, or through the website transformerindia.com.

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