Transformers and Rectifiers Share Price Target 2027: Can It Reach Rs 454? Base Case at Rs 379

Transformers and Rectifiers share price Rs 307.95 (6 November 2026). Base target Rs 379, bull Rs 454, downside risk Rs 252. PE 30.24. 52W range Rs 224.05 to Rs 421.50.

Investors weighing a Transformers and Rectifiers target price for 2027 should start with where the stock sits today. At Rs 307.95 on 6 November 2026, it is 26.9% below its 52-week high of Rs 421.50 and 37.4% above its 52-week low of Rs 224.05. That range spans 88% from low to high, so the entry point matters as much as the Transformers and Rectifiers price forecast itself.

This article builds the Transformers and Rectifiers share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Transformers and Rectifiers Stock Analysis: Company Overview and Key Stats

Transformers and Rectifiers (NSE: TARIL) has a market capitalisation of Rs 9,469 crore. In FY26 it reported revenue of Rs 2,570 crore and net profit of Rs 272.17 crore. The table collects the figures the Transformers and Rectifiers share price target is built on.

Metric	Value
Company	Transformers and Rectifiers
NSE Ticker	TARIL
CMP (6 November 2026)	Rs 307.95
52-Week High	Rs 421.50
52-Week Low	Rs 224.05
Market Cap	Rs 9,469 crore
PE Ratio (TTM)	30.24
Industry PE	43.93
Price to Book	5.73
Return on Equity	18.42%
Debt to Equity	0.35
EPS (TTM)	Rs 10.43
Dividend Yield	0.08%
12-Month Base Target	Rs 379
Bull Case	Rs 454
Downside Risk Level (not a target)	Rs 252

Why Is Transformers and Rectifiers Share Price Target Set at Rs 379 for 2027?

The arithmetic is short. Trailing EPS of Rs 10.43 grown for one year gives a forward EPS estimate of Rs 12.52, and multiplying it by the unchanged PE of 30.24 gives the Rs 379 base-case Transformers and Rectifiers stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Transformers and Rectifiers Target Price: Five Years of Results

Transformers and Rectifiers grew revenue from Rs 1,172 crore in FY22 to Rs 2,570 crore in FY26, a compound annual growth rate of 21.7%. Net profit grew faster, from Rs 14.28 crore to Rs 272.17 crore (108.9% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	1,171.55	14.28	1.06	0.15
FY23	1,404.66	42.35	3.07	0.15
FY24	1,300.49	47.01	1.64	0.20
FY25	2,051.09	216.43	7.21	0.20
FY26	2,569.65	272.17	9.07	0.00

FY26 revenue growth was 25.3%, faster than the four-year average of 21.7%, and net profit moved up 25.8%. EPS rose from Rs 1.64 in FY24 to Rs 9.07 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Transformers and Rectifiers converted 10.6% of FY26 revenue into net profit, against 10.6% in FY25, within a five-year range of 1.2% to 10.6%. EBITDA margin was 17.3% in FY26 versus 17.7% in FY25.

In the September 2026 quarter, revenue was Rs 742.16 crore, up 56.6% from the same quarter a year earlier, while net profit of Rs 81.38 crore was up 117.9%. EBITDA came in at Rs 131.49 crore, up 100.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.35, and shareholders’ equity grew from Rs 363.27 crore in FY22 to Rs 1,543 crore in FY26. Operating cash flow in FY26 was negative at Rs 105.38 crore against capital expenditure of Rs 109.44 crore, leaving negative free cash flow of Rs 214.82 crore. In FY25 free cash flow was negative at Rs 78.22 crore.

Valuation Check for the Transformers and Rectifiers Stock Target: PE, Price to Book and ROE

At a PE of 30.24 against an industry PE of 43.93, Transformers and Rectifiers trades at a discount to its industry. Price to book is 5.73 on a book value of Rs 55.06 per share, and return on equity is 18.42%. A PE of 30.24 equals an earnings yield of 3.3%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.08%.

Shareholding Pattern and Institutional Holding

Promoters held 64.36% of Transformers and Rectifiers in September 2026, and promoter holding has stayed near 64.36% since September 2025. Foreign institutional investors (FII) held 6.99% and domestic institutions (DII) held 1.19%, which puts total institutional holding at 8.18%. FII holding fell from 11.21% in September 2025 to 6.99% in September 2026. Public shareholders own the remaining 27.46%.

Transformers and Rectifiers Share Price Targets for the Short Term and 12 Months

Short Term Transformers and Rectifiers Stock Target Levels: Technical Setup

At Rs 307.95 on 6 November 2026, Transformers and Rectifiers trades above its 50-day simple moving average of Rs 298.45 and below its 200-day exponential moving average of Rs 318.21. The 14-day RSI reads 40.1, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 318.21 (200-day exponential moving average) and the nearest support is Rs 298.45 (50-day simple moving average). A sustained move above Rs 318.21 would improve the short-term setup, while a close below Rs 298.45 would shift attention to the next support.

12 Month Transformers and Rectifiers Target Price for 2027

The 12-month target of Rs 379 means a move of 23.1% up from Rs 307.95 over the next 12 months. It would still leave the stock 10.1% below its 52-week high of Rs 421.50. Anyone checking the Transformers and Rectifiers share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Transformers and Rectifiers Target Price

EPS Growth	PE 24.19	PE 30.24	PE 34.78
0.0% (EPS Rs 10.43)	Rs 252	Rs 315	Rs 363
20.0% (EPS Rs 12.52)	Rs 303	Rs 379	Rs 435
25.0% (EPS Rs 13.04)	Rs 315	Rs 394	Rs 454

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Transformers and Rectifiers price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Transformers and Rectifiers Stock Target in 2027

Bull Case Rs 454

The bull case Transformers and Rectifiers price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 13.04, and a PE multiple that rises 15% to 34.78. That gives Rs 454, 47.4% above the current price and above the 52-week high of Rs 421.50, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 252

The downside risk level is not a target. It assumes EPS stays flat at Rs 10.43 and the PE falls 20% to 24.19. That gives Rs 252, 18.2% below the current price and above the 52-week low of Rs 224.05.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	34.78	Rs 454	+47.4%
Base Case	20.0%	30.24	Rs 379	+23.1%
Downside Risk	0.0%	24.19	Rs 252	-18.2%

Key Risks to the Transformers and Rectifiers Target Price for 2027

Growth Slowdown Risk for the Transformers and Rectifiers Price Target

Revenue in the September 2026 quarter was up 56.6% year on year, and FY26 revenue growth was 25.3%. If growth slows from here, the EPS estimate behind the Transformers and Rectifiers stock target will need revising.

Liquidity and Size Risk

Transformers and Rectifiers has a market capitalisation of Rs 9,469 crore. Institutional holding is 8.18%, and promoters hold 64.36%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 10.6% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 30.24 versus an industry PE of 43.93, a de-rating toward the downside-risk PE of 24.19 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 40.1 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any Transformers and Rectifiers stock target, however carefully it is built.

How to Invest in Transformers and Rectifiers

Start with the live price and volume. Any Transformers and Rectifiers share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 307.95 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Transformers and Rectifiers’ PE, ROE, debt and shareholding in one place.

Check Transformers and Rectifiers fundamentals on the Univest Screener

Then compare the three Transformers and Rectifiers target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Transformers and Rectifiers live price and get daily stock recommendations.

Conclusion

The Transformers and Rectifiers share price target for 2027 is Rs 379 in the base case, with Rs 454 as the bull case. The support for that view is arithmetic you can check: EPS grew 135.2% a year over FY24 to FY26, and the stock trades at a PE of 30.24. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 18% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Transformers and Rectifiers Share Price Target 2027

What is the Transformers and Rectifiers share price target for 2027?

Ans. The base-case Transformers and Rectifiers share price target for 2027 is Rs 379, which is 23.1% above the price of Rs 307.95 on 6 November 2026. The bull case is Rs 454 and the downside risk level, which is not a target, is Rs 252. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Transformers and Rectifiers share price today?

Ans. As of 6 November 2026, 9:49 AM IST, Transformers and Rectifiers (NSE: TARIL) trades at Rs 307.95, down 2.42% on the day. That is 26.9% below the 52-week high of Rs 421.50 and 37.4% above the 52-week low of Rs 224.05. The market capitalisation of Rs 9,469 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Transformers and Rectifiers a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 135.2% a year over FY24 to FY26 and the base case implies 23.1% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 252 is 18% below the current price. Whether Transformers and Rectifiers fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Transformers and Rectifiers shares?

Ans. The bull case in the Transformers and Rectifiers share price target for 2027 is Rs 454, which assumes 25.0% EPS growth and a PE of 34.78, a 15% re-rating from today’s multiple. That is 47.4% above the current price and above the 52-week high of Rs 421.50, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 252, which assumes flat EPS and a PE of 24.19, 20% lower than today. It sits 18.2% below the current price and above the 52-week low of Rs 224.05, and it marks a risk to watch, not a target.

What are the main risks to the Transformers and Rectifiers price target?

Ans. Four risks matter most for the Transformers and Rectifiers share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 9,469 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 24.19 would cut the price even if earnings hold.

What is the PE ratio of Transformers and Rectifiers and how does it compare with the industry?

Ans. The PE ratio of Transformers and Rectifiers is 30.24, against an industry PE of 43.93, which is a discount to the industry. Price to book is 5.73 and return on equity is 18.42%, and the PE equals an earnings yield of 3.3%. The base case holds the PE unchanged, so the Transformers and Rectifiers share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Transformers and Rectifiers, and what is the promoter holding?

Ans. Promoters held 64.36% of Transformers and Rectifiers in September 2026. FII held 6.99%, DII held 1.19% and the public held 27.46%. Together the two institutional groups hold 8.18%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Transformers and Rectifiers’ latest quarterly results?

Ans. In the September 2026 quarter, Transformers and Rectifiers reported revenue of Rs 742.16 crore (up 56.6% year on year) and net profit of Rs 81.38 crore (up 117.9%). For comparison, FY26 full-year revenue growth was 25.3% and net profit moved up 25.8%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.