This transformer stock engaged in manufacturing a wide range of transformers for power, distribution, and industrial applications, hit a 5% upper circuit after securing an order worth Rs. 166 crore from Hyosung T&D India Private Limited
Stock Price Movement:
With a market capitalization of Rs. 9,366.42 crores, the shares of Transformers and Rectifiers India Limited hit a 5 upper circuit at Rs. 385.90 per share on Wednesday, up from its previous closing price of Rs. 367.55 per share.
What Happened:
Transformers and Rectifiers (India) Limited (TARIL) has secured a significant order worth Rs. 166.45 crore from Hyosung T&D India Private Limited for the manufacturing and supply of single-phase coupling transformers and single-phase transformers for TBCB projects.
The transformers will be delivered in the next financial year. This domestic contract reinforces TARIL’s leadership in the transformer industry and highlights its commitment to delivering high-quality products.
Order book:
By the end of Q3 FY25, the unexecuted order book stands at Rs. 3,686 crores. Power transformers make up Rs. 2,431.68 crores (66 percent), reactors contribute Rs. 994.22 crores (27 percent), and special duty transformers account for Rs. 257.02 crores (7 percent). This distribution highlights strong demand across all key product categories.
Capacity Expansion
The company’s capacity expansion project of 15,000 MVA is progressing as planned and is expected to be operational by February-March 2025. Order bookings for the new capacity will begin in Q1 FY26. For FY25, the company aims to achieve Rs. 3,500 crores in revenue, with a long-term goal of reaching $1 billion in the next 3-4 years. This expansion will support future growth and strengthen the company’s market position.
Strategic Developments:
The company has acquired a controlling stake in the CRGO processing unit, achieving full backward integration, which will help reduce raw material costs by around 4 percent. It has also entered into three technological partnerships to improve capabilities and enhance supply chain efficiency, which is expected to be operational by Q4 FY26.
Additionally, the company has started the approval process with PGCIL for a fully automated dilator facility and successfully completed a 500 MVA short-circuit test.
Recent quarter results:
Transformers and Rectifiers India Limited’s revenue has increased from Rs. 369 crore in Q3 FY24 to Rs. 559 crore in Q3 FY25, which has grown by 51.49 percent. The net profit has also grown by 243.75 percent from Rs. 16 crore in Q3 FY24 to Rs. 55 crore in Q3 FY25.
Written By – Nikhil Naik
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