Transformers & Rectifiers India Ltd
About
Transformers and Rectifiers (India) Limited primarily manufactures various kinds of transformers and switchgears, including power, distribution, rectifier, and furnace transformers, reactors, and condenser bushing. It provides upgrade, repair, and refurbishment services; technical training; spares and consumables; and oil sample analysis and diagnoses pertaining to its products as well. Its manufacturing facility at Moraiya has a production capacity of 16,000 megavolt ampere, while its Changodar facility, spread over an area of 25,000 sq. mtrs., is the main manufacturing site of T&R. The Odhav plant, with a production capacity of 1200 megavolt ampere per annum, is primarily engaged in the manufacturing of distribution and furnace transformers, in addition to earthing reactors and corrugated tanks.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1298 -5.7% | 1377 12.6% | 1222 64.2% | 744 0.6% | 740 -9.9% | 821 6.9% | 768 -7.5% | 830 22.2% | 679 15.3% | 589 -21.0% | 746 43.6% | 520 -0.8% | 524 -16.9% | 631 11.3% | 567 16.5% | 487 - |
| Net Operating Income (INR Cr) | 1295 -7.26% | 1396 20.16% | 1162 56.55% | 742 5.87% | 701 -18.06% | 855 19.52% | 716 -12.78% | 821 24.98% | 657 18.58% | 554 -24.32% | 732 42.79% | 512 -1.30% | 519 -12.00% | 590 5.48% | 559 14.89% | 487 38.64% |
| Profit (INR Cr) | 45 9.2% | 41 191.2% | 14 98.2% | 7 1665.0% | 0 -91.1% | 5 -16.5% | 5 -76.9% | 23 - | -8 - | -8 - | 5 5.9% | 5 -51.1% | 10 -75.9% | 42 -19.6% | 52 14.2% | 45 - |
| Assets (INR Cr) | 832 12.0% | 743 6.5% | 697 12.2% | 621 -5.8% | 660 7.6% | 613 -17.1% | 740 36.3% | 543 8.6% | 499 -0.5% | 502 -6.1% | 535 11.4% | 480 22.7% | 391 -2.0% | 399 8.5% | 368 17.9% | 312 - |
| Net Worth (INR Cr) | 554 40.7% | 394 10.5% | 357 4.0% | 343 2.1% | 336 0.1% | 335 1.4% | 331 1.7% | 325 -0.4% | 327 -2.3% | 334 -2.7% | 343 1.1% | 340 1.1% | 336 3.0% | 326 11.6% | 292 17.7% | 248 18.7% |
| Employee Cost (INR Cr) | 48 15.8% | 41 26.9% | 32 14.1% | 28 -12.1% | 32 -0.1% | 32 -1.9% | 33 13.4% | 29 15.7% | 25 0.2% | 25 0.1% | 25 23.4% | 20 -39.0% | 33 11.0% | 30 74.7% | 17 42.6% | 12 - |
| Interest Cost (INR Cr) | 51 | 48 | 44 | 46 | 46 | 46 | 44 | 42 | 38 | 32 | 26 | 13 | 11 | 7 | 9 | 11 |
| Cash & Bank Balance (INR Cr) | 27 | 23 | 46 | 27 | 37 | 27 | 41 | 24 | 35 | 33 | 20 | 31 | 78 | 55 | 134 | 15 |
| Total Debt (INR Cr) | 256 | 330 | 325 | 263 | 308 | 263 | 399 | 209 | 164 | 157 | 170 | 107 | 44 | 68 | 72 | 61 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.4% | 3.0% | 1.1% | 1.0% | 0.1% | 0.6% | 0.7% | 2.8% | - | - | 0.7% | 0.9% | 1.9% | 6.6% | 9.1% | 9.3% |
| Profit As % Of Assets | 5.4% | 5.5% | 2.0% | 1.1% | 0.1% | 0.7% | 0.7% | 4.3% | - | - | 1.0% | 1.0% | 2.6% | 10.4% | 14.0% | 14.5% |
| Profit As % Of Networth | 8.0% | 10.3% | 3.9% | 2.1% | 0.1% | 1.3% | 1.6% | 7.2% | - | - | 1.5% | 1.4% | 3.0% | 12.7% | 17.7% | 18.2% |
| Interest Cost to EBITDA % | 37.9% | 39.7% | 58.9% | 67.5% | 89.1% | 75.0% | 68.0% | 48.7% | 99.5% | 102.9% | 63.3% | 55.1% | 41.3% | 10.7% | 10.7% | 15.3% |
| Debt to Equity Ratio | 0.46 | 0.84 | 0.91 | 0.77 | 0.92 | 0.78 | 1.21 | 0.64 | 0.50 | 0.47 | 0.49 | 0.32 | 0.13 | 0.21 | 0.25 | 0.25 |
| RONW | 9.9% | 11.3% | 4.1% | 2.3% | 0.3% | 1.5% | 1.9% | 7.4% | - | - | 1.8% | 1.7% | 3.0% | 13.4% | 18.8% | 19.8% |
| ROCE | 14.8% | 14.7% | 10.3% | 9.3% | 7.6% | 8.2% | 8.7% | 15.3% | 5.6% | 3.9% | 7.0% | 4.7% | 6.4% | 18.1% | 25.4% | 28.1% |