Transformers and Rectifiers India Ltd (TRNF)

Currency in INR
270.10
-2.75(-1.01%)
Closed·
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Fair Value
Day's Range
268.00278.00
52 wk Range
224.05501.20
Key Statistics
Bid/Ask
269.65 / 270.10
Prev. Close
270.1
Open
274.85
Day's Range
268-278
52 wk Range
224.05-501.2
Volume
783.79K
Average Volume (3m)
1.88M
1-Year Change
-44.481%
Fair Value
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Fair Value Upside
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TRNF Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Analysts Sentiment
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Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high P/E ratio relative to near-term earnings growth

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Transformers and Rectifiers India Ltd Earnings Call Summary for Q1/2027

  • Q1 FY2027 revenue grew 10% YoY to INR 559 crores, slowed by temporary capacity constraints at Changodar expansion facility, not weak demand.
  • Order book surged 26% YoY to INR 6,630 crores; quarterly inflow jumped 218% to INR 2,114 crores, driven by INR 1,000+ crore PGCIL order.
  • Management reaffirmed FY2027 guidance: 25% revenue growth, 16% EBITDA margin, 9-10% PAT margin; targeting $1B revenue by FY2028-29.
  • Backward integration projects expected to boost margins 200-300 bps from FY2028; Changodar utilization to reach 60-65% in FY2027.
  • Stock fell 4.81% to $317.55 despite strong fundamentals; working capital days at 170 vs target 120-130, elevated inventory held through Dec 2026.
Last Updated: 21/07/2026, 12:52
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Earnings

Latest Release
Jul 20, 2026
EPS / Forecast
2.05 / --
Revenue / Forecast
5.72B / 6.2B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 8.87%
Dividend Yield
0.09%
Industry Median 0.47%
Annualised payout
0.25
Paid annually
5-Years Growth
+37.97%
Growth Streak

TRNF Income Statement

Compare TRNF to Peers and Sector

Metrics to compare
TRNF
Peers
Sector
Relationship
P/E Ratio
32.1x87.2x11.6x
PEG Ratio
15.980.080.03
Price/Book
5.5x13.8x1.4x
Price / LTM Sales
3.3x7.7x1.2x
Upside (Analyst Target)
25.6%8.6%30.9%
Fair Value Upside
Unlock−8.0%9.0%Unlock

Transformers and Rectifiers (India) Limited, together with its subsidiaries, manufactures and sells transformers in India. The company provides power transformers, such as generator transformers, unit and station auxiliary transformers, small and medium power transformers, and trackside transformers for railways; and rectifier transformers, including 6 and 12/24 pulse transformers with IPT, as well as transformers for bridge construction. It also offers distribution transformers, including energy efficient transformers, transformers with packaged substations, copper and aluminum wounds, hermitically sealed type transformers, and transformers with corrugated cooling fins. In addition, the company provides furnace transformers consisting of electric arc furnace and submerged arc furnace transformers, ladle refining furnace transformers, induction furnace transformers, and DC arc furnace transformers; specialty transformers, including testing and earthing transformers and transformers having multiple secondaries; and shunt and series reactors. It exports its products. It serves power transmission, cement, paper and pulp, metal processing, mining, railways, pharmaceutical, petrochemical, distribution, and green energy industries. The company was formerly known as Triveni Electric Company Limited and changed its name to Transformers and Rectifiers (India) Limited in March 1995. Transformers and Rectifiers (India) Limited was founded in 1981 and is based in Ahmedabad, India.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
24.95M8.31%6.75B
Other Institutional Investors
9.78M3.26%2.65B
Public Companies & Retail Investors
265.44M88.43%71.79B
Total
300.17M100.00%81.18B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
HSBC Global Asset Management (UK) Limited2.03%6,108,2211,651,968
Vanguard Capital Management, LLC1.52%4,553,0081,231,361

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FAQ

What Is the Transformers (TRNF) Stock Price Today?

The Transformers stock price today is 270.10 INR.

What Stock Exchange Does Transformers Trade On?

Transformers is listed and trades on the India National Stock Exchange.

What Is the Stock Symbol for Transformers?

The stock symbol for Transformers is "TRNF."

What Is the Transformers Market Cap?

As of today, Transformers market cap is 81.07B INR.

What Is Transformers's Earnings Per Share (TTM)?

The Transformers EPS (TTM) is 8.87.

When Is the Next Transformers Earnings Date?

Transformers will release its next earnings report on Nov 06, 2026.

From a Technical Analysis Perspective, Is TRNF a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Transformers Stock Split?

Transformers has split 3 times.

How Many Employees Does Transformers Have?

Transformers has 629 employees.

What is the current trading status of Transformers (TRNF)?

As of Oct 01, 2026, Transformers (TRNF) is trading at a price of 270.10 INR, with a previous close of 270.10 INR. The stock has fluctuated within a day range of 268.00 INR to 278.00 INR, while its 52-week range spans from 224.05 INR to 501.20 INR.
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