TRANSFORMERS AND RECTIFIERS INDIA
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 we… Read more
TRANSFORMERS AND RECTIFIERS INDIA (TARIL) - Net Assets
Latest net assets as of September 2025: ₹13.69 Billion INR
Based on the latest financial reports, TRANSFORMERS AND RECTIFIERS INDIA (TARIL) has net assets worth ₹13.69 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹23.90 Billion) and total liabilities (₹10.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹13.69 Billion |
| % of Total Assets | 57.29% |
| Annual Growth Rate | 20.63% |
| 5-Year Change | 263.43% |
| 10-Year Change | 283.26% |
| Growth Volatility | 90.27 |
TRANSFORMERS AND RECTIFIERS INDIA - Net Assets Trend (2007–2025)
This chart illustrates how TRANSFORMERS AND RECTIFIERS INDIA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TRANSFORMERS AND RECTIFIERS INDIA (2007–2025)
The table below shows the annual net assets of TRANSFORMERS AND RECTIFIERS INDIA from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.72 Billion | +126.02% |
| 2024-03-31 | ₹5.63 Billion | +40.43% |
| 2023-03-31 | ₹4.01 Billion | +10.35% |
| 2022-03-31 | ₹3.63 Billion | +3.76% |
| 2021-03-31 | ₹3.50 Billion | +2.03% |
| 2020-03-31 | ₹3.43 Billion | +0.10% |
| 2019-03-31 | ₹3.43 Billion | +1.59% |
| 2018-03-31 | ₹3.37 Billion | +1.89% |
| 2017-03-31 | ₹3.31 Billion | -0.23% |
| 2016-03-31 | ₹3.32 Billion | -2.05% |
| 2015-03-31 | ₹3.39 Billion | -2.62% |
| 2014-03-31 | ₹3.48 Billion | +1.16% |
| 2013-03-31 | ₹3.44 Billion | +1.19% |
| 2012-03-31 | ₹3.40 Billion | +3.02% |
| 2011-03-31 | ₹3.30 Billion | +11.59% |
| 2010-03-31 | ₹2.96 Billion | +17.72% |
| 2009-03-31 | ₹2.51 Billion | +18.72% |
| 2008-03-31 | ₹2.12 Billion | +386.86% |
| 2007-03-31 | ₹434.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TRANSFORMERS AND RECTIFIERS INDIA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1283.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.78 Billion | 38.14% |
| Common Stock | ₹300.17 Million | 2.40% |
| Other Components | ₹7.44 Billion | 59.46% |
| Total Equity | ₹12.52 Billion | 100.00% |
TRANSFORMERS AND RECTIFIERS INDIA Competitors by Market Cap
The table below lists competitors of TRANSFORMERS AND RECTIFIERS INDIA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhongyeda Electric Co Ltd
SHE:002441
|
$349.66 Million |
|
AA Mission Acquisition Corp.
NYSE:AAM-UN
|
$349.76 Million |
|
AB Siauliu Bankas
F:ZH5
|
$349.83 Million |
|
Gansu Dayu Water saving Group
SHE:300021
|
$349.89 Million |
|
Shenzhen Neoway Technology Co Ltd
SHG:688159
|
$349.53 Million |
|
The Manitowoc Company Inc
F:MNGN
|
$349.46 Million |
|
Shandong Meichen Science & Technology Co Ltd
SHE:300237
|
$349.27 Million |
|
Beijing InHand Networks Technology Co Ltd
SHG:688080
|
$349.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TRANSFORMERS AND RECTIFIERS INDIA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,544,300,000 to 12,519,200,000, a change of 6,974,900,000 (125.8%).
- Net income of 2,142,700,000 contributed positively to equity growth.
- Dividend payments of 28,500,000 reduced retained earnings.
- New share issuances of 4,861,715,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.14 Billion | +17.12% |
| Dividends Paid | ₹28.50 Million | -0.23% |
| Share Issuances | ₹4.86 Billion | +38.83% |
| Other Changes | ₹-1.01 Million | -0.01% |
| Total Change | ₹- | 125.80% |
Book Value vs Market Value Analysis
This analysis compares TRANSFORMERS AND RECTIFIERS INDIA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 105.44x to 6.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹2.69 | ₹283.40 | x |
| 2008-03-31 | ₹8.79 | ₹283.40 | x |
| 2009-03-31 | ₹8.65 | ₹283.40 | x |
| 2010-03-31 | ₹10.18 | ₹283.40 | x |
| 2011-03-31 | ₹11.36 | ₹283.40 | x |
| 2012-03-31 | ₹11.70 | ₹283.40 | x |
| 2013-03-31 | ₹11.83 | ₹283.40 | x |
| 2014-03-31 | ₹12.95 | ₹283.40 | x |
| 2015-03-31 | ₹12.61 | ₹283.40 | x |
| 2016-03-31 | ₹12.32 | ₹283.40 | x |
| 2017-03-31 | ₹12.27 | ₹283.40 | x |
| 2018-03-31 | ₹12.47 | ₹283.40 | x |
| 2019-03-31 | ₹12.65 | ₹283.40 | x |
| 2020-03-31 | ₹12.67 | ₹283.40 | x |
| 2021-03-31 | ₹12.93 | ₹283.40 | x |
| 2022-03-31 | ₹13.45 | ₹283.40 | x |
| 2023-03-31 | ₹14.83 | ₹283.40 | x |
| 2024-03-31 | ₹20.20 | ₹283.40 | x |
| 2025-03-31 | ₹42.14 | ₹283.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TRANSFORMERS AND RECTIFIERS INDIA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.61%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.75x
- Recent ROE (17.12%) is above the historical average (8.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 43.38% | 8.20% | 1.39x | 3.79x | ₹138.89 Million |
| 2008 | 16.83% | 11.52% | 0.91x | 1.60x | ₹142.87 Million |
| 2009 | 18.44% | 10.64% | 1.07x | 1.63x | ₹209.55 Million |
| 2010 | 17.55% | 9.88% | 1.13x | 1.58x | ₹220.95 Million |
| 2011 | 12.72% | 7.70% | 0.99x | 1.67x | ₹88.90 Million |
| 2012 | 2.92% | 1.89% | 0.97x | 1.59x | ₹-237.97 Million |
| 2013 | 1.44% | 0.96% | 0.81x | 1.87x | ₹-290.60 Million |
| 2014 | 1.51% | 0.71% | 0.91x | 2.35x | ₹-291.59 Million |
| 2015 | -2.40% | -1.45% | 0.76x | 2.17x | ₹-414.56 Million |
| 2016 | -2.30% | -1.26% | 0.75x | 2.42x | ₹-401.81 Million |
| 2017 | 7.18% | 2.88% | 0.93x | 2.69x | ₹-91.65 Million |
| 2018 | 1.63% | 0.77% | 0.64x | 3.29x | ₹-276.70 Million |
| 2019 | 1.35% | 0.54% | 0.96x | 2.62x | ₹-290.26 Million |
| 2020 | 0.12% | 0.06% | 0.74x | 2.78x | ₹-331.84 Million |
| 2021 | 2.06% | 0.96% | 0.79x | 2.70x | ₹-272.32 Million |
| 2022 | 3.92% | 1.22% | 1.03x | 3.11x | ₹-216.66 Million |
| 2023 | 10.36% | 2.97% | 1.16x | 3.02x | ₹14.16 Million |
| 2024 | 8.03% | 3.44% | 1.11x | 2.11x | ₹-109.46 Million |
| 2025 | 17.12% | 10.61% | 0.92x | 1.75x | ₹890.78 Million |
Industry Comparison
This section compares TRANSFORMERS AND RECTIFIERS INDIA's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $8,990,537,538
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TRANSFORMERS AND RECTIFIERS INDIA (TARIL) | ₹13.69 Billion | 43.38% | 0.75x | $349.66 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.50K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.83 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $928.91 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $216.37 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.60 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.04 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $18.07 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $46.07 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.83 Million |