Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by capacity expansions and international diversification.
Basis of our Recommendation
TRANSRAILL is experiencing robust growth, highlighted by a record 30% YoY revenue increase in FY26 and a strengthened order book of ₹16,361 Cr. The company's strategic capacity expansions and geographic diversification, particularly in high-value products and international markets, position it well for sustained growth. However, while the outlook remains positive, the absence of detailed risk assessments warrants cautious optimism.
Why We Like This Stock
- 30% YoY revenue growth in FY26
- Strengthened order book of ₹16,361 Cr
- Strategic expansion into international markets and high-value products
Things To Watch Out For
- Lack of detailed risk assessments
- Potential execution challenges not explicitly addressed
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 4,077 | 5,308 | 6,880 | 8,553 | 10,670 |
| Profit Before Tax (Cr.) | 314 | 465 | 584 | 792 | 967 |
| PBT Margin | 7.7% | 8.8% | 8.5% | 9.3% | 9.1% |
| Net Profit (Cr.) | 230 | 334 | 416 | 562 | 687 |
| EPS | 17.1 | 24.9 | 30.9 | 41.8 | 51.0 |
Company Overview
Show Company Profile
Transrail Lighting Limited, an engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally. The company also provides EPC for civil construction, such as bridges, tunnels, elevated roads, and cooling towers; solutions for solar renewable projects including Solar plant, BESS, Pooling substations, and Grid connectivity manufacturer, supply, installation, testing, and commissioning service for poles and lighting; and overhead electrification, signaling and telecommunication services, earthwork, track linking, and other composite work for railway. It serves public sector undertakings, governmental authorities, and private companies. The company was founded in 1984 and is headquartered in Mumbai, India. Transrail Lighting Limited operates as a subsidiary of Ajanma Holdings Private Limited.