Transrail Lighting Ltd
Incorporated in 2008, Transrail Lighting Ltd
is an integrated transmission & distribution,
and pole manufacturing company[1]
- Market Cap ₹ 6,785 Cr.
- Current Price ₹ 505
- High / Low ₹ 856 / 450
- Stock P/E 16.0
- Book Value ₹ 174
- Dividend Yield 0.16 %
- ROCE 29.0 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 33.0% 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1,837 | 2,155 | 2,284 | 3,133 | 4,077 | 5,308 | 6,879 | |
| 1,561 | 1,870 | 2,089 | 2,789 | 3,515 | 4,524 | 6,052 | |
| Operating Profit | 276 | 285 | 195 | 344 | 562 | 783 | 826 |
| OPM % | 15% | 13% | 9% | 11% | 14% | 15% | 12% |
| 21 | 20 | 73 | 41 | 54 | 48 | 33 | |
| Interest | 145 | 137 | 139 | 189 | 246 | 300 | 219 |
| Depreciation | 32 | 33 | 38 | 46 | 50 | 56 | 66 |
| Profit before tax | 120 | 135 | 92 | 150 | 320 | 475 | 575 |
| Tax % | 15% | 24% | 28% | 27% | 27% | 30% | 28% |
| 102 | 102 | 66 | 109 | 235 | 334 | 412 | |
| EPS in Rs | 243.26 | 134.76 | 29.26 | 47.99 | 18.93 | 24.90 | 30.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 3% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 30% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 57% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 8 | 23 | 23 | 25 | 27 | 27 |
| Reserves | 438 | 564 | 647 | 758 | 1,139 | 1,890 | 2,306 |
| 369 | 429 | 476 | 605 | 667 | 661 | 678 | |
| 1,206 | 1,184 | 1,700 | 2,069 | 2,817 | 3,694 | 4,394 | |
| Total Liabilities | 2,018 | 2,185 | 2,846 | 3,455 | 4,648 | 6,271 | 7,405 |
| 312 | 317 | 334 | 378 | 374 | 424 | 599 | |
| CWIP | 11 | 4 | 17 | 4 | 6 | 12 | 65 |
| Investments | 6 | 4 | 4 | 4 | 6 | 2 | 3 |
| 1,689 | 1,860 | 2,491 | 3,069 | 4,263 | 5,833 | 6,738 | |
| Total Assets | 2,018 | 2,185 | 2,846 | 3,455 | 4,648 | 6,271 | 7,405 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 189 | 82 | 52 | 143 | 58 | 288 | 644 | |
| -54 | -17 | -89 | -107 | -96 | -499 | -212 | |
| -141 | 1 | 3 | 29 | 28 | 242 | -190 | |
| Net Cash Flow | -6 | 66 | -34 | 65 | -11 | 31 | 242 |
| Free Cash Flow | 177 | 62 | -24 | 92 | 30 | 152 | 397 |
| CFO/OP | 81% | 46% | 45% | 45% | 30% | 53% | 99% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 83 | 102 | 75 | 92 | 91 | 92 |
| Inventory Days | 107 | 81 | 86 | 63 | 62 | 76 | 90 |
| Days Payable | 313 | 293 | 329 | 264 | 275 | 333 | 331 |
| Cash Conversion Cycle | -109 | -129 | -141 | -126 | -121 | -166 | -148 |
| Working Capital Days | 29 | 31 | 43 | 29 | 52 | 48 | 41 |
| ROCE % | 30% | 21% | 27% | 35% | 35% | 29% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Unexecuted Order Book INR Cr |
|
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| International Share of Order Book % |
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| Order Inflow INR Cr |
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| Tower Manufacturing Capacity Utilization (Deoli) % |
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| Power T&D Share of Order Book % |
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| Conductor Manufacturing Capacity KM |
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| Tower Manufacturing Capacity MT PA |
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| Towers Supplied MT |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Jul
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jul - Submission of copy of newspaper publication regarding Notice of Postal Ballot and E-voting information
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 3 Jul
-
Announcement under Regulation 30 (LODR)-Investor Presentation
3 Jul - Investor Presentation for the group Meeting today July 3, 2026
Concalls
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Jul 2026TranscriptAI SummaryPPT
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025TranscriptPPTREC
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Nov 2025TranscriptPPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
Company Overview:[1] [2]
The company is a turnkey engineering, procurement and construction (EPC) company with experience in the power transmission and distribution (T&D) sector. It is ISO 14001:2015, 45001:2018, CE, and NABL certified, and holds backwards-integrated manufacturing capabilities across lattice structures (towers), conductors, and monopoles. The promoter entity, Ajanma Holdings, held approximately 71% stake in the company as of FY26.