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Tarapur Transformers Ltd (TARAPUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533203 NSE: TARAPUR Electric Equipment | Small Cap | Tarapur Transformers Share Price

₹18.22 -0.32 (-1.73%)

As on 03-Jul'26 16:59

Tarapur Transformers Ltd (TARAPUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533203 NSE: TARAPUR Electric Equipment | Small Cap | Tarapur Transformers Share Price

₹18.22 -0.32 (-1.73%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹36 Cr.
Current Price
₹18.2
52-Week Low / High
₹18 / 40
TTM EPS
₹-1
TTM Sales
₹0 Cr.
Book Value per Share
₹-0.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
53.7
Price to Book (P/B)
-29.36
Lower than its 5-year historical median
Price to Sales (P/S)
0.00
Lower than its 5-year historical median
EV/EBITDA
54.01
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
114.19%
Outperforms industry median
Return on Assets (ROA)
95.66%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Steady versus 3-year growth rate
-100%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
21.95%
Pledged shares (%) of Promoter's holding (%)
93.31%
Reserves
₹-21 Cr.
Equity
₹19.5 Cr.
Face Value
₹10
All Time Low / High
₹2.85 / 97.50

Tarapur Transformers stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Tarapur Transformers Ltd a good quality company?
Tarapur Transformers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tarapur Transformers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tarapur Transformers Ltd vs industry peers?
Tarapur Transformers Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Tarapur Transformers Ltd?
Promoters hold 21.95% of the Tarapur Transformers Ltd, with 93.31% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Tarapur Transformers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tarapur Transformers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -1.1%-2.5%-13.3%1%-15.1%-55.6%15.8%-83.4%-4.4%114.2%-
Value Creation
Index
-1.1-1.2-2.0-0.9-2.1-5.00.1NANA7.2-

Growth Parameters

Sales 2228.112.212121.62.53.50.200
Sales YoY Gr.-27.9%-56.7%-1.9%0%-86.7%59.1%37.9%-95.4%-100%-
Adj EPS -0.7-0.3-5.7-0.2-4.1-12.63-12.4-0.6-1.6-1
YoY Gr.-NANANANANANA-510.6%NANA-
BVPS (₹) 26.625.519.820.114.91.24.4-7.4-7.90.3-0.6
Adj Net
Profit
-1.3-0.6-11.1-0.4-7.9-24.55.9-24.1-1.3-3-2
Cash Flow from Ops. -3.7-4.80.5-2.1-5.1-0.7-1.3-13.4-0.125.6-
Debt/CF from Ops. -9.8-7.681.8-16.4-6.3-46.1-27.1-2.6-292.30.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS NANA-180.2%NA
BVPS-38.6%-53.3%-57.7%NA
Share Price 12.6% 25.5% 60.6% -32.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.6-1.1-25.1-1.1-23.2-156.2108.3806.48.441.2655.2
Op. Profit
Mgn %
-10.6-1.9-82.6-10-65.5-1468.7-231.2-803.7-369.20NAN
Net Profit
Mgn %
-6.1-2-90.8-3.5-66.2-1539.3231.4-690.8-782.90-INF
Debt to
Equity
0.70.710.91.113.74.2-2.4-2.316.2-
Working Cap
Days
1,1279501,8871,5991,58910,0556,2203,44836,27900
Cash Conv.
Cycle
4123027755786704,6472,9851,33323000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2228.1412.1811.9511.951.592.533.490.160
Operating Expenses + 24.4231.0922.3813.2623.2128.468.6636.170.7510.12
Manufacturing Costs0.700.500.470.450.310.390.410.220.230.24
Material Costs21.8727.1212.6712.3911.901.401.492.460.210
Employee Cost 0.690.300.130.040.110.190.420.280.050.08
Other Costs 1.163.189.110.3910.8926.476.3533.200.269.80
Operating Profit -2.42-2.95-10.19-1.31-11.26-26.87-6.13-32.68-0.59-10.12
Operating Profit Margin (%) -11.0%-10.5%-83.7%-10.9%-94.2%-1,689.6%-241.0%-937.0%-369.0%-
Other Income + 3.372.582.603.862.651.4213.466.540.541.21
Exceptional Items 00000000027.27
Interest 0.040.060.260.040.020.010.060.270.361.30
Depreciation 1.961.843.161.781.621.181.130.900.840.73
Profit Before Tax -1.05-2.26-110.73-10.25-26.646.13-27.32-1.2516.33
Tax 000.1500000.0100.18
Profit After Tax -1.05-2.26-11.150.73-10.25-26.646.13-27.33-1.2516.15
PAT Margin (%) -4.8%-8.1%-91.6%6.2%-85.8%-1,675.4%241.8%-783.0%-781.0%-
Adjusted EPS (₹)-0.5-1.2-5.70.4-5.3-13.73.1-14.0-0.68.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Tarapur Transformers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 51.9349.6638.5139.2528.992.358.48-14.46-15.320.64
Share Capital 19.5019.5019.5019.5019.5019.5019.5019.5019.5019.50
Reserves 32.4330.1619.0119.759.49-17.15-11.02-33.96-34.82-18.86
Debt +34.9435.2535.4233.1832.2132.1635.5635.2435.2510.31
Long Term Debt0.570.570.570000000
Short Term Debt34.3834.6834.8533.1832.2132.1635.5635.2435.2510.31
Minority Interest0000000000
Trade Payables19.9119.754.923.701.462.061.240.050.050.05
Others Liabilities 3.463.563.503.918.9315.4414.201.691.830.96
Total Liabilities 110.24108.2282.3580.0371.5952.0159.4822.5221.8111.95

Fixed Assets

Net Fixed Assets +29.1727.4024.0420.8213.8512.4211.2010.269.428.69
Gross Block37.8237.8837.4332.7623.9823.4522.9222.8522.8522.85
Accumulated Depreciation8.6510.4713.3911.9410.1311.0311.7212.5913.4314.16
CWIP 0000000000
Investments 4.823.704.344.244.641.160.890.130.560.20
Inventories6.193.513.50000.850.280.2100
Trade Receivables35.9942.8419.3723.4924.8216.5026.14000
Cash Equivalents 2.112.992.132.071.961.962.030.690.580.36
Others Assets 31.9727.7828.9829.4226.3219.1218.9311.2311.252.71
Total Assets 110.24108.2282.3580.0371.5952.0159.4822.5221.8111.95

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -3.70-4.770.45-2.12-5.12-0.70-1.31-13.36-0.1225.57
PBT -1.05-2.26-110.73-10.25-26.646.13-27.32-1.2516.33
Adjustment -0.731.779.01-1.402.8325.922.5427.790.8210.39
Changes in Working Capital -1.92-4.282.59-1.452.30.02-9.98-13.840.31-0.97
Tax Paid 00-0.1500000.010-0.18
Cash Flow From Investing Activity + 3.575.38-1.254.325.990.74-1.9612.590.360.45
Capex 1.41-0.080.193.211.920.650.740.0500
Net Investments -0.48-1.30-0.750-0.3500-1.0500.24
Others 2.656.76-0.681.114.420.08-2.7013.590.360.21
Cash Flow From Financing Activity + 0.720.27-0.06-2.26-0.97-0.053.34-0.57-0.34-26.24
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-0.57000000
Interest Paid -0.01-0.04-0.24-0.0100-0.05-0.25-0.36-1.30
Dividend Paid 0000000000
Others 0.730.300.17-1.67-0.97-0.053.39-0.320.01-24.94
Net Cash Flow 0.600.87-0.86-0.06-0.10-0.010.07-1.34-0.11-0.22

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-2-4.46-25.31.89-30.05-169.99113.16N/AN/A0
ROCE (%)-1.14-2.53-13.341.04-15.13-55.6415.77N/AN/A114.19
Asset Turnover Ratio0.210.260.130.150.160.030.050.090.010
PAT to CFO Conversion(x)N/AN/AN/A-2.9N/AN/A-0.21N/AN/A1.58
Working Capital Days
Receivable Days523505931.80654.30737.804,742.603,070.80000
Inventory Days87.3062.10104.9000194.4081.302600
Payable Days267266.90355.40126.9079458.20405.8095.5082.500

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.0096.7196.7196.7196.7194.7093.3193.3193.3193.31
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tarapur Transformers Ltd FAQs

The current trading price of Tarapur Transformers on 03-Jul-2026 16:59 is ₹18.22.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of Tarapur Transformers stood at ₹35.53 Cr

The latest P/E ratio of Tarapur Transformers as of 02-Jul-2026 is 0.00.

The latest P/B ratio of Tarapur Transformers as of 02-Jul-2026 is -29.36.

The 52-week high of Tarapur Transformers is ₹40.25 and the 52-week low is ₹17.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarapur Transformers is ₹0.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarapur Transformers Ltd is a below average quality company.

The key valuation ratios of Tarapur Transformers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tarapur Transformers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Tarapur Transformers Ltd

Tarapur Transformers incorporated as Tarapur Transformers Private Limited and a Certificate of Incorporation on May 9, 1988 issued by the Registrar of Companies (ROC), Maharashtra, Mumbai. The company is converted into a public limited company, subsequently the company's name was changed to Tarapur Transformers Limited vide special resolution passed by members of the company in their extra ordinary general meeting (EGM) held on March 10, 2007 and a fresh certificate to this effect was obtained from the ROC, Maharashtra, Mumbai on March 27, 2007.

The company initially was promoted by Praful M Dharia, Rajesh Kumar Shah and Praful M Shah. In year 2006-2007 Bilpower and its promoters have acquired the entire voting rights in the company followed by change in control and thus Bilpower became the promoter of the company.

The company is one of the key players in Indian markets manufacturing and repairing of power and distribution transformers, focusing on quality, timely delivery and customization based on its engineering capabilities without any third-party collaboration or technical assistance.

The company manufactures transformers up to 220 KV class, having an installed capacity of manufacturing of 1839.40 MVA and repairing of 1800 MVA per annum.

The company currently operates through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Area village Pali, At & PO - Posheri Taluka - Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi, Vadodara. Its Boisar unit mostly undertakes the repairing and refurbishment, rehabilitation and upgradation of transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing of transformers per annum.

The company’s Pali unit is equipped with modern state-of-art infrastructure facilities and technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum. The Vadodara unit is engaged in manufacturing of current transformers potential transformer normally called as CTPT and distribution transformers ranging from 10 KV/11KV to 100KV/11KV with installed capacity of 39.40 MVA per annum.

The registered office of the company is situated at J-20, MIDC, Tarapur Industrial Area, Boisar, 401506, Dist. - Thane

Business area of the company

The company is currently engaged in the areas of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power and distribution transformer, rectifier transformer, furnace duty transformer, electric locomotive transformer, electric traction substation transformer, dry type transformer, potential transformer, special purpose transformers.

Group companies

  • Nik-San Engineering Company
  • Eletrofer Steel (India)
  • Choudhary Global

Milestones

  • 1988: Incorporated as Tarapur Transformers Private Limited
  • 1990: Commencement of commercial production at the company’s Boisar Unit
  • 1994: Acquisition of freehold land at Pali
  • 2006: Change in control and Bilpower became the promoter of the company
  • 2007: Conversion to public limited company
  • 2007: Acquisition of Varsha Engineers (proprietorship concern) at Vadodara
  • 2007: ISO 9001:2000 Certificate awarded for Boisar Unit.
  • 2008: Commencement of commercial production at our Pali Unit
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