Transformers & Rectifiers Stock Surges 8% After Appointment of New CEO Mukul Srivastava

9 July, 2025 – Transformers & Rectifiers India Ltd has announced Mukul Srivastava as the new Chief Executive Officer. Following the announcement, the company’s share price jumped as much as 8% intraday, reaching a high of ₹534 on Wednesday.

The company confirmed the appointment was approved by its Board on July 8, 2025, based on recommendations from the Nomination and Remuneration Committee.

At 4:22 PM, the stock was closed at ₹517, up 4.92% on the National Stock Exchange, outperforming the broader Nifty.

Market Snapshot and Valuation

Despite the day’s gains, the stock remains over 20 percent below its 52-week high of ₹648.90. The company’s market capitalisation currently stands at ₹15,532 crore.

Stock Performance Data:

• Day Range: ₹488.00 – ₹534.00
• 52-Week Range: ₹299.00 – ₹650.23
• Last Traded Price: ₹515.00 (↑₹22.20 or 4.50%)

Company Profile and Recent Highlights

Transformers & Rectifiers India Ltd, based in Gujarat, is one of the largest manufacturers of transformers for the power sector, including generation, transmission, railways, renewable energy, and infrastructure. Its product range includes power transformers, distribution transformers, rectifier transformers, furnace transformers, and other specialised transformers.

Last month, the company secured a significant export order worth $16.64 million from Jindal Energy Botswana, underscoring its growing global footprint.

Q4 FY25 Financial Performance

The company delivered robust financials in the fourth quarter of FY25:

• Revenue from operations: ₹676.48 crore, up 52% YoY
• Profit after tax (PAT): ₹94.1 crore, up 125% YoY
• EBITDA margin: Rose to 20.22%, up from 14.19%
• Net profit margin: Improved to 13.78%, compared to 8.16% last year

Despite these results, the stock had dropped 56 percent year-to-date on the BSE, indicating investor caution before this leadership development.

Outlook

With Srivastava now at the helm and a recent uptick in operational performance, the market appears optimistic about Transformers & Rectifiers’ near-term trajectory. Investors will be closely watching for strategic initiatives under the new CEO’s leadership.

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