---
title: "Transformers & Rectifiers India Ltd (TARIL) — Share Price, Financials & Analysis"
symbol: "TARIL"
company: "Transformers & Rectifiers India Ltd"
canonical: "https://tapetide.com/stocks/TARIL"
isin: "INE763I01026"
nse_symbol: "TARIL"
bse_code: "532928"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 8614.76
generated_at: "2026-09-13T19:37:16.834Z"
---

# Transformers & Rectifiers India Ltd (TARIL)

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

## Company

- **NSE Symbol:** TARIL
- **BSE Code:** 532928
- **ISIN:** INE763I01026
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2007-12-28
- **CEO:** Dr. Chanchal Singh Satyendra Rajora C.A.
- **Employees:** 553
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** transformerindia.com

## About

Transformers and Rectifiers (India) Ltd. is a manufacturer of Power, Furnace and Rectifier Transformers. [1]

## Latest Price

- **Price:** ₹288.5
- **Change:** -1.45 (-0.5%)
- **Open:** ₹288.5
- **Day High:** ₹290.45
- **Day Low:** ₹285.15
- **Previous Close:** ₹289.95
- **Volume:** 827433
- **As Of:** 2026-09-11T10:29:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:17.034875Z.

- **Market Cap:** ₹8614.76 Cr
- **Classification:** Microcap
- **P/E (reported):** 32.4
- **P/E (TTM):** 33.51
- **EPS (TTM):** ₹8.61
- **Book Value:** ₹50.47
- **Price to Book:** 5.75
- **Dividend Yield:** 0.09%
- **ROE:** 17.64%
- **ROCE:** 25.35%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹2569.7 Cr
- **Net Income:** ₹272.2 Cr
- **EBITDA:** ₹444 Cr
- **52-Week High:** ₹552
- **52-Week Low:** ₹224.05
- **RSI (14):** 38.77

## Tapetide Score

- **Score:** 38 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 10.2 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.43 | 9% |
| growth | 45.79 | 9% |
| momentum | 38.2 | 12% |
| ownership | 33.36 | 24% |
| quality | 38.6 | 22% |
| valuation | 38.38 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 106% CAGR over last 5 years

### Weaknesses

- Promoter holding has decreased over last 3 years: -10.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -167.3% | -461.39% | — |
| ebitda margin growth | -22.09% | -1.31% | 60.59% | 141.34% |
| net income growth | -29.65% | 25.79% | 87% | 106% |
| revenue growth | -26.87% | 25.28% | 22% | 28% |
| roce | -23.17% | 4.58% | 38.37% | 21.03% |
| roe | -29.65% | 3.7% | 14.33% | 348.85% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 257 | 369 | 513 | 322 | 462 | 559 | 676 | 529 | 460 | 737 | 783 | 572 |
| Expenses | 237 | 331 | 441 | 280 | 392 | 475 | 545 | 441 | 409 | 612 | 664 | 479 |
| Operating Profit | 20 | 38 | 72 | 42 | 69 | 85 | 131 | 88 | 52 | 125 | 118 | 93 |
| OPM % | 8 | 10 | 14 | 13 | 15 | 15 | 19 | 17 | 11 | 17 | 15 | 16 |
| Other Income | 1 | 2 | 1 | 4 | 12 | 9 | 10 | 20 | 14 | 4 | 22 | 16 |
| Interest | 12 | 13 | 11 | 12 | 10 | 14 | 15 | 10 | 13 | 13 | 14 | 15 |
| Depreciation | 6 | 6 | 6 | 7 | 6 | 6 | 7 | 8 | 7 | 8 | 7 | 7 |
| Profit before tax | 3 | 21 | 56 | 28 | 64 | 74 | 119 | 90 | 45 | 108 | 119 | 88 |
| Tax % | 37 | 24 | 26 | 25 | 28 | 25 | 21 | 25 | 18 | 30 | 24 | 27 |
| Net Profit | 2 | 16 | 42 | 21 | 46 | 55 | 94 | 67 | 37 | 76 | 91 | 64 |
| EPS in Rs | 0.06 | 0.55 | 1.4 | 0.67 | 1.51 | 1.82 | 3.14 | 2.24 | 1.13 | 2.46 | 2.97 | 2.05 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 716 | 855 | 701 | 742 | 1158 | 1396 | 1291 | 2017 | 2507 | 2552 |
| Expenses | 650 | 794 | 649 | 673 | 1084 | 1275 | 1157 | 1689 | 2124 | 2163 |
| Operating Profit | 65 | 61 | 51 | 69 | 74 | 121 | 134 | 327 | 383 | 388 |
| OPM % | 9 | 7 | 7 | 9 | 6 | 9 | 10 | 16 | 15 | 15 |
| Other Income | 6 | 12 | 16 | 9 | 10 | 9 | 6 | 35 | 61 | 57 |
| Interest | 44 | 46 | 46 | 46 | 44 | 48 | 51 | 51 | 51 | 55 |
| Depreciation | 16 | 19 | 20 | 19 | 17 | 25 | 25 | 27 | 30 | 29 |
| Profit before tax | 11 | 9 | 2 | 13 | 23 | 57 | 64 | 285 | 363 | 361 |
| Tax % | 41 | 41 | 44 | 39 | 39 | 26 | 27 | 24 | 25 | — |
| Net Profit | 6 | 5 | 1 | 8 | 14 | 42 | 47 | 216 | 272 | 269 |
| EPS in Rs | 0.2 | 0.17 | 0.02 | 0.27 | 0.53 | 1.54 | 1.56 | 7.14 | 8.81 | 8.61 |
| Dividend Payout % | 0 | 0 | 0 | 19 | 14 | 5 | 6 | 3 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 30 | 30 |
| Reserves | 312 | 317 | 322 | 323 | 330 | 343 | 381 | 540 | 1222 | 1485 |
| Borrowings | 209 | 399 | 263 | 308 | 263 | 325 | 330 | 256 | 283 | 457 |
| Other Liabilities | 341 | 358 | 281 | 289 | 319 | 428 | 463 | 359 | 652 | 696 |
| Total Liabilities | 876 | 1088 | 880 | 933 | 925 | 1109 | 1187 | 1170 | 2187 | 2667 |
| Fixed Assets | 187 | 195 | 201 | 193 | 181 | 168 | 153 | 144 | 251 | 250 |
| CWIP | 6 | 12 | 3 | 2 | 0 | 3 | 3 | 5 | 62 | 138 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 268 | 184 |
| Other Assets | 682 | 881 | 676 | 738 | 744 | 936 | 1030 | 1017 | 1605 | 2094 |
| Total Assets | 876 | 1088 | 880 | 933 | 925 | 1109 | 1187 | 1170 | 2187 | 2667 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 66 | -102 | 179 | 16 | 96 | 2 | 28 | 29 | 157 | -105 |
| Cash from Investing Activity | -24 | -31 | -8 | -15 | -7 | -8 | 9 | -22 | -621 | -7 |
| Cash from Financing Activity | -61 | 145 | -182 | 2 | -93 | 17 | -45 | -10 | 468 | 116 |
| Net Cash Flow | -18 | 12 | -11 | 3 | -4 | 11 | -7 | -3 | 4 | 3 |
| Free Cash Flow | 55 | -132 | 163 | 7 | 91 | -6 | 19 | 14 | -78 | -215 |
| CFO/OP | 78 | -152 | 296 | 37 | 140 | 4 | 34 | 38 | 58 | 2 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 166 | 256 | 161 | 218 | 205 | 164 | 166 | 174 | 85 | 129 |
| Inventory Days | 120 | 182 | 109 | 153 | 147 | 104 | 93 | 109 | 118 | 133 |
| Days Payable | 149 | 203 | 114 | 161 | 179 | 129 | 118 | 95 | 109 | 62 |
| Cash Conversion Cycle | 138 | 235 | 156 | 210 | 173 | 139 | 141 | 188 | 94 | 200 |
| Working Capital Days | 63 | 57 | 55 | 73 | 94 | 60 | 68 | 119 | 34 | 80 |
| ROCE % | 15 | 9 | 8 | 8 | 9 | 10 | 15 | 15 | 28 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.91% | 69.65% | 69.65% | 66.16% | 66.16% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% | 64.36% |
| FIIs | 0.57% | 3.48% | 4.45% | 7.89% | 9.34% | 11.08% | 11.33% | 10.94% | 11.21% | 7.01% | 8.33% | 7.8% |
| DIIs | 0.01% | 0% | 1.89% | 5.36% | 6.92% | 7.67% | 7.22% | 6.03% | 5.95% | 4.19% | 1.77% | 1.53% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.87% | 22.98% | 21.39% | 18.35% | 15.26% | 14.7% | 14.92% | 16.39% | 15.86% | 21.17% | 22.38% | 22.87% |
| Others | 4.65% | 3.88% | 2.62% | 2.23% | 2.31% | 2.19% | 2.16% | 2.28% | 2.61% | 3.26% | 3.16% | 3.43% |
| No. of Shareholders | 54118 | 61972 | 64977 | 80939 | 90218 | 99687 | 145463 | 181103 | 179367 | 206060 | 211907 | 215267 |

## 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 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 299.84 | Sell |
| EMA (10) | 296.75 | Sell |
| SMA (20) | 299.44 | Sell |
| EMA (20) | 299.05 | Sell |
| SMA (50) | 306.86 | Sell |
| EMA (50) | 304.61 | Sell |
| SMA (100) | 314.59 | Sell |
| EMA (100) | 309.03 | Sell |
| SMA (200) | 296.64 | Sell |
| EMA (200) | 327.02 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.7 | Neutral |
| MACD (12,26,9) | -2.87 | Sell |
| Stochastic (14,3,3) | 12.51 | Buy |
| ADX (14) | 16.74 | Neutral |
| Williams %R (14) | -91.99 | Buy |
| ATR (14) | 8.75 | High Volatility |
| ROC (12) | -5.1 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 31.02 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 2 | 50% |
| Hold | 0 | 0% |
| Sell | 2 | 50% |

Based on 4 analyst ratings, observed at 2026-09-11T04:53:17.027667+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Incorporation Of Subsidiary Company In The United Kingdom](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=248f61f3-d979-4511-9084-a909ba2b1ffd.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5187884-6bbc-4e51-9edf-d3991fa6b114.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc27a8a1-a643-4467-9243-6e47f0d5490d.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87afbe3d-0ea0-427b-bf24-103ea868b1fb.pdf) |
| 2026-08-29 | [Intimation Of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3482cb1e-58b2-4dde-93eb-a0a3df629995.pdf) |
| 2026-08-29 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a41028e-0928-45ab-9a88-99cab782117a.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55f39e11-909e-443f-80d4-192a3cc05ee0.pdf) |
| 2026-08-29 | [Notice Of 32Nd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dda48f41-26d7-4327-8660-3460bb441b5c.pdf) |
| 2026-08-29 | [Corporate Action-Board to consider Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0e6d870-130e-41e2-8560-0e927121f8c9.pdf) |
| 2026-08-29 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2c9ff7a-43ae-4cb0-a4c7-4acf5cd1b7e1.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-07-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c987bf81-abe6-4915-8479-e08fdbb55345.pdf) |
| 2026-04-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3148dc8c-2942-459f-a015-7a1e465046e4.pdf) |
| 2026-01-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e93671bf-9315-4124-8991-bf75a475a347.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2f2d370-4e62-422c-be4c-11906295012c.pdf) |
| 2025-08-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b36af667-0033-49c6-813e-47df2c688f5c.pdf) |
| 2025-04-15 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1a7c440-03b1-44df-834f-1d13aaae5cbc.pdf) |
| 2025-01-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a1655b4-51e8-4366-9f54-a4940c6694dc.pdf) |
| 2024-10-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63227975-3a31-4b40-97c4-6db0b2577d83.pdf) |
| 2024-07-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e28ddb0-ea91-4b11-ae19-2ef49f974ae5.pdf) |
| 2024-04-15 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4837f5cd-ffa2-499c-a480-c626176025b3.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03a129fb-e09c-4027-b4f8-b42ae53f5ef7.pdf) |
| 2026-07-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c9f40e3-02f4-49c3-940f-d0fcfa30ff85.pdf) |
| 2026-04-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c31840f-eec4-4dbf-a924-532a40785158.pdf) |
| 2025-11-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c75bafb1-8373-4afe-b062-0047739eac72.pdf) |
| 2025-08-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bb6cd16-943f-4f77-a870-4e46ef73d402.pdf) |
| 2024-07-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9707602-6dce-4b33-902c-59e7e470542a.pdf) |
| 2024-04-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6cf1d186-a7db-4905-b846-b1ddc82d7a89.pdf) |
| 2024-01-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdf9d189-221d-435c-a9e5-0e5cb97ad49e.pdf) |
| 2023-11-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e748feaf-e0ea-4c59-9985-a1b711a30cae.pdf) |
| 2023-08-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c4ad941-cad5-444d-b7a8-a08bc5e7c10f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-20 | [Outcome Of Board Meeting And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e79978bb-220c-4261-8aa6-ba2ab79116ec.pdf) |
| 2026-01-08 | [Outcome Of Board Meeting Held On 08Th January 2026 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d5419bd-05d7-4661-a61c-409e02f502a4.pdf) |
| 2025-11-08 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e225ab62-4415-4cc9-8c4c-826a1215e0a6.pdf) |
| 2025-08-01 | [Outcome Of Board Meeting Held On 01St August 2025 And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9fca44f-1b76-45bc-8bba-ce7ab1aa187c.pdf) |
| 2025-04-08 | [Submission Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0cadbb4a-b963-499e-8bd5-38f9bf669ba2.pdf) |
| 2025-01-08 | [Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f12a02c-534c-4799-9890-8ee1906cb5de.pdf) |
| 2024-10-08 | [Submission Of Unaudited Standalone And Consolidated Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e3808ab-845a-4f91-b385-642a765d5128.pdf) |
| 2024-10-08 | [Submission Of Unaudited Standalone And Consolidated Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d03298f-3077-4537-929d-184e22e607df.pdf) |
| 2024-07-19 | [Outcome Of Meeting Of Board Of Director And Submission Of Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb780e31-aea8-4522-a3f0-09ffbda7c79b.pdf) |
| 2024-04-08 | [Results Financial Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6adb14f-03b0-49d9-9ac9-0641538efd84.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1650f0ea-1a86-4a60-9b8a-600e4fc8f637.pdf) |
| 2026-04-21 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e18fb6fb-e0dc-47d4-bb13-950610079466.pdf) |
| 2026-01-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ed369ed-da65-449e-89a0-97faa6b11254.pdf) |
| 2025-11-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41686dc2-32a5-4975-9453-8af33a72d8ff.pdf) |
| 2025-11-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d92a657d-220f-42bf-8c45-18160b14a078.pdf) |
| 2025-08-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=247b50e7-b0c4-4c6b-b580-cf04a5714d56.pdf) |
| 2025-04-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72d122a8-cdb5-40df-9ab3-8a2b0196ed42.pdf) |
| 2024-07-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=122ff885-7a6d-487c-8e24-717581bbea03.pdf) |
| 2024-04-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff59eada-7351-478b-a603-24839ef7742d.pdf) |
| 2024-01-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a42a6cfc-3124-43f6-9dd4-83228056fdff.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1afb7415-4c86-4f75-bbc4-a21a7ec1800d.pdf) |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1afb7415-4c86-4f75-bbc4-a21a7ec1800d.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63227975-3a31-4b40-97c4-6db0b2577d83.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d92a657d-220f-42bf-8c45-18160b14a078.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2f2d370-4e62-422c-be4c-11906295012c.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53c3beec-c876-41c4-bad4-e3f543236b40.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10f0705c-8a65-4aca-8c7f-d828980a3b99.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/159514c5-ff2e-4da4-8ada-ff46ec12987f.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bff7a6cd-92d0-4b4d-8c30-6994afcf3ee1.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27a81b54-ecf3-47ab-9765-7424d7e3d053.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Audio recording of 21 April 2026 earnings call for audited Q4 and FY2025-26 results available online. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 9h - Audio recording of 21 April 2026 earnings call for audited Q4 and FY2025-26 results available online.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0c31840f-eec4-4dbf-a924-532a40785158.pdf) |
| 7h - Board meets 21 Apr 2026 to approve FY26 audited results and consider final dividend; trading window opens 24 Apr. | [Board Meeting Intimation for Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2026 7h - Board meets 21 Apr 2026 to approve FY26 audited results and consider final dividend; trading window opens 24 Apr.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ba27cd08-7ab1-4be8-b24e-bb46a71e2a0b.pdf) |
| 5 Mar - CFO Mehul Shah authorized to determine materiality and make Reg 30 disclosures (05 Mar 2026). | [Updation To List Of Key Managerial Personnel (Kmps) Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015 5 Mar - CFO Mehul Shah authorized to determine materiality and make Reg 30 disclosures (05 Mar 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92cbd496-35e1-4951-a460-2783f892fbe8.pdf) |
| 5 Mar - CFO Chanchal S.S. Rajora resigned; Mehul Shah appointed CFO effective 05 Mar 2026. | [Board Meeting Outcome for Outcome Of Board Meeting For Change In Key Managerial Personnel Of The Company. 5 Mar - CFO Chanchal S.S. Rajora resigned; Mehul Shah appointed CFO effective 05 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6eeb94c3-e510-4be6-84cb-8f1c9e1b0357.pdf) |
| 4h - Earnings conference call on 21 April 2026 for Q4FY26 and FY26 audited results. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4h - Earnings conference call on 21 April 2026 for Q4FY26 and FY26 audited results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4dcdb358-23a4-4791-9e93-8d887ddd9ec0.pdf) |
| 4 Apr - Regulation 74(5) certificate submitted for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Regulation 74(5) certificate submitted for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9648b6b4-0c5d-4267-a61e-0ce20a3d4562.pdf) |
| 27 Apr - Received USD 16.26 million export order for 5 transformers, deliverable by mid-2027. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 27 Apr - Received USD 16.26 million export order for 5 transformers, deliverable by mid-2027.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/325fe8ca-af41-4bd8-8d57-6d947c1a1bae.pdf) |
| 27 Apr - Earning Call Transcript for audited financial result as of 31.03.2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 Apr - Earning Call Transcript for audited financial result as of 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3148dc8c-2942-459f-a015-7a1e465046e4.pdf) |
| 22 Apr - Newspaper Publication for Annual financial result as of 31.03.2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Apr - Newspaper Publication for Annual financial result as of 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5812502f-7f0d-4c75-8fe5-645e597bffd4.pdf) |
| 1m - Earning Call Transcript for audited financial result as of 31.03.2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1m - Earning Call Transcript for audited financial result as of 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3148dc8c-2942-459f-a015-7a1e465046e4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e694b535-53df-41c2-8392-e2de3e61a499.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e8a1ba4-2aa9-4365-b2f6-2fd6cdc1b90e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acf3f1e5-2c8a-471b-a38d-20a9361f75a0.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532928/73559532928.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532928/69494532928.pdf) |

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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 2026-09-13T19:37:16.834Z.