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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Transformers and Rectifiers (India) Limited is an India-based company engaged in the manufacturing of power, furnace, and rectifier transformers. The Company manufactures a range of transformers, supplying both the domestic and international markets. It produces transformers…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced — but flagged on governance.
Trans & Recti is scored on the commodity / cyclical framework. It keeps a healthy 10.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.39×) — worth a closer look. Free cash flow is worth about -1.2% of its market value.
Over the last 3 years revenue compounded at 22%/yr and profit at 86%/yr. Book value itself has compounded 57%/yr — the hallmark of a genuine compounder. Return on equity is an elite 18.4%. In the latest quarter profit grew 27% versus the prior quarter.
At 34× earnings, the stock sits at the 31st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹0.19 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 29.43 | 28.09 | worse |
| P/B | 5.58 | 6.18 | better |
| EV/EBITDA | 19.51 | 18.03 | worse |
| ROE | 18.42 | 6.94 | better |
| ROCE | 21.43 | 11.6 | better |
| ROA | 10.38 | — | — |
| Quick Ratio | 1.22 | 1.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
22% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (86% vs 22%) — margin expansion is at work.
Operating margin has expanded from 4% to 14% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 18% — a respectable return on shareholder capital. Capital efficiency improving — ROE up 7pp across the window.
Profit grew faster than EPS (86% vs 43%) — share dilution is eroding per-share value. 43% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 26% sequentially — momentum is building. Run-rate fading — recent quarters 14% below earlier ones.
Profit jumped 27% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 64.4% — majority control intact. MF stake down 2.8pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.