Transrail Lighting Ltd
Incorporated in 2008, Transrail Lighting Ltd
is an integrated transmission & distribution,
and pole manufacturing company[1]
- Market Cap ₹ 7,589 Cr.
- Current Price ₹ 565
- High / Low ₹ 856 / 375
- Stock P/E 16.9
- Book Value ₹ 157
- Dividend Yield 0.14 %
- ROCE 35.1 %
- ROE 21.6 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.2% CAGR over last 5 years
Cons
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,837 | 2,155 | 2,284 | 3,133 | 4,077 | 5,308 | 6,961 | |
| 1,561 | 1,870 | 2,089 | 2,789 | 3,515 | 4,524 | 6,111 | |
| Operating Profit | 276 | 285 | 195 | 344 | 562 | 783 | 850 |
| OPM % | 15% | 13% | 9% | 11% | 14% | 15% | 12% |
| 21 | 20 | 73 | 41 | 54 | 48 | 39 | |
| Interest | 145 | 137 | 139 | 189 | 246 | 300 | 224 |
| Depreciation | 32 | 33 | 38 | 46 | 50 | 56 | 63 |
| Profit before tax | 120 | 135 | 92 | 150 | 320 | 475 | 602 |
| Tax % | 15% | 24% | 28% | 27% | 27% | 30% | |
| 102 | 102 | 66 | 109 | 235 | 334 | 436 | |
| EPS in Rs | 243.26 | 134.76 | 29.26 | 47.99 | 18.93 | 24.90 | 32.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 32% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 71% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 8 | 23 | 23 | 25 | 27 | 27 |
| Reserves | 438 | 564 | 647 | 758 | 1,139 | 1,890 | 2,082 |
| 369 | 429 | 476 | 605 | 667 | 661 | 810 | |
| 1,206 | 1,184 | 1,700 | 2,069 | 2,817 | 3,694 | 3,895 | |
| Total Liabilities | 2,018 | 2,185 | 2,846 | 3,455 | 4,648 | 6,271 | 6,814 |
| 312 | 317 | 334 | 378 | 374 | 424 | 490 | |
| CWIP | 11 | 4 | 17 | 4 | 6 | 12 | 47 |
| Investments | 6 | 4 | 4 | 4 | 6 | 2 | 2 |
| 1,689 | 1,860 | 2,491 | 3,069 | 4,263 | 5,833 | 6,274 | |
| Total Assets | 2,018 | 2,185 | 2,846 | 3,455 | 4,648 | 6,271 | 6,814 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 189 | 82 | 52 | 143 | 58 | 288 | |
| -54 | -17 | -89 | -107 | -96 | -499 | |
| -141 | 1 | 3 | 29 | 28 | 242 | |
| Net Cash Flow | -6 | 66 | -34 | 65 | -11 | 31 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 97 | 83 | 102 | 75 | 92 | 91 |
| Inventory Days | 107 | 81 | 86 | 63 | 62 | 76 |
| Days Payable | 313 | 293 | 329 | 264 | 275 | 333 |
| Cash Conversion Cycle | -109 | -129 | -141 | -126 | -121 | -166 |
| Working Capital Days | 29 | 31 | 43 | 29 | 52 | 48 |
| ROCE % | 30% | 21% | 27% | 35% | 35% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11h - Transcript of Earnings Call for Un-Audited Financial Results for the quarter and nine months ended 31st December, 2025
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Feb - Of investor conference scheduled on 9th February, 2026, 11th February, 2026 and 17th February, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Feb - Audio recording of earnings call for quarter and nine months ended 31 Dec 2025 released 3 Feb 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Feb - Copy of Newspaper publication of the Unaudited Financial results for the quarter and nine months ended 31st December, 2025
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2 Feb - CARE report: Rs450 crore issue proceeds; Rs362.87cr utilized, Rs87.13cr unutilised as of 31-Dec-2025; no deviations.
Concalls
-
Feb 2026Transcript PPT REC
-
Nov 2025TranscriptPPTREC
-
Nov 2025TranscriptAI SummaryPPT REC
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
Business Overview:[1][2]
TRLL is an ISO 9001:2015, ISO 14001:2015, ISO 27001:13, ISO 45001:2018, CE and NABL certified organization with manufacturing facilities for lattice structures, conductors, and monopoles