Transrail Lighting Ltd
Incorporated in 2008, Transrail Lighting Ltd
is an integrated transmission & distribution,
and pole manufacturing company[1]
- Market Cap ₹ 6,601 Cr.
- Current Price ₹ 492
- High / Low ₹ 856 / 450
- Stock P/E 15.9
- Book Value ₹ 170
- Dividend Yield 0.16 %
- ROCE 29.2 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 33.3% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1,881 | 2,172 | 2,338 | 3,152 | 4,077 | 5,308 | 6,880 | |
| 1,603 | 1,888 | 2,091 | 2,788 | 3,518 | 4,532 | 6,060 | |
| Operating Profit | 278 | 284 | 247 | 364 | 559 | 776 | 820 |
| OPM % | 15% | 13% | 11% | 12% | 14% | 15% | 12% |
| 22 | 19 | 20 | 19 | 56 | 48 | 32 | |
| Interest | 146 | 138 | 139 | 189 | 246 | 300 | 219 |
| Depreciation | 32 | 34 | 37 | 46 | 50 | 56 | 66 |
| Profit before tax | 121 | 132 | 91 | 148 | 318 | 467 | 567 |
| Tax % | 15% | 25% | 28% | 27% | 27% | 30% | 29% |
| 102 | 98 | 65 | 108 | 233 | 327 | 404 | |
| EPS in Rs | 242.83 | 129.70 | 28.49 | 47.18 | 18.81 | 24.33 | 30.06 |
| 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: | 56% |
| TTM: | 28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 8 | 23 | 23 | 25 | 27 | 27 |
| Reserves | 435 | 560 | 640 | 749 | 1,114 | 1,854 | 2,254 |
| 346 | 429 | 469 | 621 | 667 | 661 | 678 | |
| 1,253 | 1,185 | 1,710 | 2,053 | 2,814 | 3,691 | 4,395 | |
| Total Liabilities | 2,038 | 2,182 | 2,842 | 3,445 | 4,621 | 6,233 | 7,354 |
| 321 | 317 | 334 | 379 | 374 | 425 | 600 | |
| CWIP | 11 | 4 | 17 | 4 | 6 | 12 | 65 |
| Investments | 0 | 3 | 3 | 3 | 5 | 0 | 1 |
| 1,705 | 1,858 | 2,487 | 3,059 | 4,236 | 5,795 | 6,688 | |
| Total Assets | 2,038 | 2,182 | 2,842 | 3,445 | 4,621 | 6,233 | 7,354 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 188 | 65 | 46 | 143 | 35 | 287 | ||
| -50 | -3 | -81 | -105 | -78 | -498 | ||
| -146 | 5 | 3 | 29 | 28 | 242 | ||
| Net Cash Flow | -7 | 66 | -32 | 67 | -15 | 32 | |
| Free Cash Flow | 176 | 40 | -29 | 91 | 8 | 150 | |
| CFO/OP | 79% | 41% | 33% | 43% | 26% | 54% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 93 | 82 | 100 | 75 | 92 | 91 | 92 |
| Inventory Days | 107 | 80 | 86 | 63 | 62 | 77 | 91 |
| Days Payable | 316 | 292 | 329 | 263 | 274 | 332 | 330 |
| Cash Conversion Cycle | -116 | -129 | -144 | -126 | -120 | -165 | -147 |
| Working Capital Days | 28 | 33 | 45 | 30 | 52 | 48 | 41 |
| ROCE % | 30% | 22% | 27% | 35% | 35% | 29% |
Insights
In beta| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 (P) | |
|---|---|---|---|---|---|---|
| Unexecuted Order Book ₹ Cr. |
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| Net Working Capital Days Days |
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| Geographic Footprint (Countries) Number |
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| Installed Conductor Manufacturing Capacity KM PA |
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| Installed Tower Manufacturing Capacity MT PA |
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| Order Intake ₹ Cr. |
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| Installed Pole Manufacturing Capacity TPA |
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| Installed Pole Manufacturing Capacity MT PA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8h - Submission of Newspaper Publication for Audited Financial Results for the quarter and year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio recording of FY26 audited results earnings call released on May 27, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation on the earnings call for the Audited Financial Results for the quarter and year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
2d - Transrail reported FY26 revenue of ₹6,880 crore, PAT ₹421 crore, and recommended ₹2 dividend.
-
Audited Financial Results For The Quarter And Financial Year Ended March 31, 2026
2d - FY26 audited results approved; Rs2 dividend, Rs203 crore capex, Rs100 crore CP/NCD, Malaysia subsidiary winding-up, tax search.
Concalls
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May 2026TranscriptPPT 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
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