---
title: "Transformers & Electricals Kerala Ltd (504202) — Share Price, Financials & Analysis"
symbol: "504202"
company: "Transformers & Electricals Kerala Ltd"
canonical: "https://tapetide.com/stocks/504202"
bse_code: "504202"
generated_at: "2026-10-13T10:58:45.446Z"
---

# Transformers & Electricals Kerala Ltd (504202)

Canonical page: https://tapetide.com/stocks/504202

## Company

- **BSE Code:** 504202
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.57% over past five years.
- Company has a low return on equity of -10.1% over last 3 years.
- Company has high debtors of 180 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 56% | — | — |
| revenue growth | 17% | 1% | -5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.57 | 0.5 | 0.43 | 0.52 | 0.43 | 0.52 | 0.44 | 0.52 | 0.01 | 0 |
| Expenses | 0.34 | 0.41 | 0.32 | 0.41 | 0.28 | 0.36 | 0.3 | 0.55 | 0.07 | 0.06 |
| Operating Profit | 0.23 | 0.09 | 0.11 | 0.11 | 0.15 | 0.16 | 0.14 | -0.03 | -0.06 | -0.06 |
| OPM % | 40.35 | 18 | 25.58 | 21.15 | 34.88 | 30.77 | 31.82 | -5.77 | -600 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0.08 | 0.13 | 0.1 | 0.17 | 0.16 | 0.16 | 0.2 | 0.17 | 0.16 |
| Profit before tax | 0.15 | 0.01 | -0.02 | 0.01 | -0.02 | 0 | -0.02 | -0.23 | -0.23 | -0.22 |
| Tax % | 26.67 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Net Profit | 0.11 | 0.01 | -0.02 | 0 | -0.02 | 0 | -0.02 | -0.23 | -0.23 | -0.22 |
| EPS in Rs | 0.71 | 0.05 | -0.09 | 0 | -0.09 | 0 | -0.09 | -1.09 | -1.09 | -1.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 145 | 188 | 218 | 208 | 192 | 197 | 148 | 166 | 130 | 152 |
| Expenses | 162 | 163 | 171 | 164 | 168 | 180 | 149 | 167 | 164 | 167 |
| Operating Profit | -16 | 25 | 47 | 44 | 24 | 17 | -1 | -1 | -34 | -15 |
| OPM % | -11 | 13 | 22 | 21 | 13 | 9 | -0.6 | -0.7 | -26 | -10 |
| Other Income | 37 | 3 | 6 | 4 | 6 | 6 | 7 | 5 | 2 | 3 |
| Interest | 6 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 1 | 1 |
| Profit before tax | 14 | 25 | 51 | 46 | 28 | 19 | 2 | 0 | -33 | -15 |
| Tax % | 0 | 0 | 39 | 35 | 56 | 31 | 32 | -486 | -32 | -32 |
| Net Profit | 14 | 25 | 31 | 30 | 12 | 13 | 2 | 1 | -23 | -10 |
| Dividend Payout % | 0 | 0 | 0 | 29 | 28 | 26 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 14 | 14 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves | 10 | 34 | 36 | 56 | 64 | 73 | 75 | 75 | 53 | 43 |
| Borrowings | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Other Liabilities | 77 | 76 | 72 | 48 | 50 | 48 | 51 | 46 | 48 | 42 |
| Total Liabilities | 110 | 124 | 151 | 147 | 157 | 164 | 169 | 164 | 144 | 141 |
| Fixed Assets | 3 | 4 | 4 | 5 | 6 | 13 | 19 | 18 | 17 | 16 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 3 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 107 | 120 | 147 | 142 | 150 | 149 | 150 | 146 | 126 | 124 |
| Total Assets | 110 | 124 | 151 | 147 | 157 | 164 | 169 | 164 | 144 | 141 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 23 | 17 | 5 | 5 | 9 | -2 | 6 | 9 | -15 | -16 |
| Cash from Investing Activity | -1 | -1 | 2 | -1 | -16 | 10 | -5 | 0 | 1 | 0 |
| Cash from Financing Activity | -19 | -1 | -1 | 0 | -11 | -6 | -4 | 0 | 0 | 12 |
| Net Cash Flow | 3 | 14 | 7 | 4 | -18 | 2 | -3 | 8 | -15 | -4 |
| Free Cash Flow | 22 | 15 | 6 | 2 | 7 | -12 | 0 | 7 | -16 | -17 |
| CFO/OP | -138 | 67 | 28 | 67 | 98 | 37 | -889 | -852 | 47 | 123 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 171 | 116 | 109 | 97 | 103 | 135 | 171 | 140 | 163 | 180 |
| Inventory Days | 95 | 92 | 140 | 154 | 186 | 162 | 243 | 172 | 146 | 88 |
| Days Payable | 169 | 168 | 122 | 66 | 44 | 32 | 42 | 36 | 46 | 14 |
| Cash Conversion Cycle | 96 | 40 | 127 | 184 | 245 | 264 | 373 | 276 | 263 | 254 |
| Working Capital Days | 52 | 42 | 74 | 104 | 126 | 152 | 203 | 170 | 168 | 151 |
| ROCE % | — | 67 | 80 | 53 | 27 | 19 | 2 | 0 | -30 | -13 |

## Shareholding Pattern

### annual

| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 68.63% | 66.63% | 65.21% | 64.92% | 71.67% |
| Public | 31.37% | 33.36% | 34.79% | 35.07% | 28.33% |
| No. of Shareholders | 75 | 87 | 94 | 83 | 70 |

### Quarterly

| Category | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.63% | 68.63% | 68.62% | 66.63% | 66.34% | 65.21% | 64.92% | 64.92% | 71.67% | 71.67% |
| Public | 31.37% | 31.37% | 31.38% | 33.36% | 33.64% | 34.79% | 35.07% | 35.07% | 28.32% | 28.33% |
| No. of Shareholders | 80 | 75 | 85 | 87 | 90 | 94 | 93 | 83 | 73 | 70 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2548.96 | Sell |
| EMA (10) | 2531.91 | Sell |
| SMA (20) | 2583.64 | Sell |
| EMA (20) | 2537.7 | Sell |
| SMA (50) | 2478.01 | Buy |
| EMA (50) | 2522.85 | Sell |
| SMA (100) | 2530.47 | Sell |
| EMA (100) | 2561.52 | Sell |
| SMA (200) | 2768.34 | Sell |
| EMA (200) | 2627.09 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.69 | Neutral |
| MACD (12,26,9) | 3.78 | Sell |
| Stochastic (14,3,3) | 26.4 | Neutral |
| ADX (14) | 21.33 | Neutral |
| Williams %R (14) | -83.13 | Buy |
| ATR (14) | 69.55 | Neutral |
| ROC (12) | -3.53 | Sell |
| Stoch RSI (14) | 6.45 | Buy |
| UO (7,14,28) | 42.53 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-02 | [Board Meeting Outcome for Board Meeting Outcome On Discussion Held On Sale Of 'Publishing And Sale Of Educational Books" Segment Of The Company On Slump-Sale Basis.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d569bf-60e4-41e3-82b1-64f835ceba38.pdf) |
| 2026-02-25 | [Board Meeting Intimation for Discussion On Sale Of 'Publishing And Sale Of Educational Books" Segment Of The Company On Slump-Sale Basis.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6cde546-190a-4bec-9e46-83a45a515d13.pdf) |
| 2026-01-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d3e9d7b-8b40-4a6b-8fe9-aa2e18b069c7.pdf) |
| 2025-12-03 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59342503-bc00-4993-bdd1-496e4c06ba40.pdf) |
| 2025-11-07 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5d590e0-1186-4dec-aa0d-17c5591a2ab1.pdf) |
| 2025-10-28 | [Board Meeting Intimation for Considering Un-Audited Financial Results For Half Year Ended 30Th September, 2025 Along With Other Agendas If Any.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6801e6ff-b29e-450c-91dd-d941accfff3a.pdf) |
| 2025-10-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30ac6730-a635-44df-bf96-244e7c4d1ec7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c6af42b-607e-4229-b3bc-5a8fa0f1d525.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0a1fc55-31b3-4f18-9b12-e29f78d2ac2f.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8978af12-4aab-4613-a3b7-9f82338a9b24.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/543289/76095543289.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/543289/72877543289.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2022 | [Concall - Jul 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aed839a0-f69a-4aa6-8bfe-03ac94cdf037.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-05-11 | Credit rating update — India Ratings |
| 2025-06-20 | Credit rating update — Brickwork Ratings |
| 2024-04-11 | Credit rating update — Brickwork Ratings |
| 2024-01-25 | Credit rating update — India Ratings |
| 2023-04-11 | Credit rating update — Brickwork Ratings |
| 2022-05-05 | Credit rating update — Brickwork Ratings |
| 2022-02-04 | Credit rating update — Brickwork Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:45.446Z.