Transrail Lighting Ltd.

Transrail Lighting Ltd.

TRANSRAILL.NS
Transrail Lighting Ltd.IN flagNational Stock Exchange of India
506.40
INR
-1.65
- -
67.99BMarket Cap
Transrail Lighting Ltd.
TRANSRAILL.NS
(National Stock Exchange of India)

Recent

price

506.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
172.37
184.06
248.68
323.06
410.41
- -
505.01
Revenue per Share
8.04
5.21
8.67
18.79
25.88
- -
30.02
Basic EPS, GAAP
5.28
-2.45
7.15
0.53
11.46
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
1.46
- -
- -
Dividend per Share
34.48
40.94
49.72
68.61
91.41
- -
2
Book Value per Share
45.72
53.4
62.14
91.78
148.11
- -
169.91
Tangible Book Value per Share
124
124
124
124
127
- -
134
Basic Weighted Avg Shares
21,391
22,841
30,861
40,092
52,122
67,800
67,800
Sales/Revenue/Turnover
11.51
9.07
9.74
13.02
11.84
11.11
11.11
Operating Margin (%)
340
378
458
503
565
664
664
Depreciation Expense
998
647
1,076
2,332
3,287
4,036
4,030
Net Income, GAAP
25.07
28.24
27.46
26.69
29.64
28.77
28.87
Effective Tax Rate (%)
4.66
2.83
3.49
5.82
6.31
5.95
5.94
Profit Margin (%)
3,246
3,940
4,619
8,105
13,168
15,290
15,290
Working Capital
1,031
1,214
1,287
951
481
974
974
LT Debt
5,678
6,630
7,714
11,391
18,811
22,813
22,813
Total Equity
- -
13.69
16.99
23.42
19.69
19.41
19.38
Return on Invested Capital (%)
- -
12.95
16.68
24.71
28.01
44.28
44.22
Return on Capital (%)
- -
13.83
19.12
31.76
32.67
67.96
67.87
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7,317
- -
5,807
LT Borrowings
675
- -
885
LT Finance Leases
105
- -
89
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
134
- -
134
Market Capitalization
93,991
73,774
60,682

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
60,300
- -
64,259
Cash, Cash Equivalents & STI
5,529
- -
8,384
Accounts Receivable, Net
14,746
- -
17,377
Inventories
7,980
- -
7,630
Total Current Liabilities
45,459
- -
48,969
Payables & Accruals
- -
- -
- -
ST Debt
7,317
- -
5,807
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
33.44%
21.28%
Free Cash Flow
- -
333.64%
170.93%
Net Income, GAAP
- -
42.33%
22.79%
Sales/Revenue/Turnover
- -
26.38%
30.08%
Total Cash Common Dividend
- -
- -
-42.23%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
8,230
13,727
- -
40,092
2025
8,969
10,683
13,404
19,066
52,122
2026
16,371
15,342
17,772
18,314
67,800

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.91
- -
- -
18.79
2025
3.85
4.44
7.48
10.02
25.88
2026
7.88
6.78
8.17
7.19
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.46
2026
- -
- -
- -
- -
- -
Business
Transrail Lighting Ltd (TRANSRAILL.NS) operates as an integrated engineering, procurement and construction (EPC) company primarily focused on power transmission and distribution projects; it designs, engineers, manufactures, procures, constructs and commissions transmission lines up to 1200kV, AIS and GIS substations up to 765kV, solar EPC solutions including farms, battery energy storage systems (BESS), pooling substations and grid connectivity, railway infrastructure comprising overhead electrification, signalling and telecom (S&T) systems, earthworks and track laying, complex civil works such as bridges, tunnels, elevated roads and cooling towers, as well as poles and lighting products encompassing transmission monopoles, distribution poles, high masts, stadium masts, street lighting poles, traffic poles, surveillance/CCTV poles, telecommunication monopoles, derrick/flare structures and signage/gantries. The company manufactures lattice towers, conductors and monopoles at integrated facilities with a capacity exceeding 40,000 MT annually, supported by an in-house design and engineering team of over 120 professionals and a NABL-accredited tower testing facility in Deoli, Maharashtra; it serves utilities, power developers, railways and infrastructure clients across more than 60 countries including India, 28 African nations, 16 Asian countries, 12 American regions, 4 European markets and the Middle East and North Africa (MENA) region. Incorporated on February 18, 2008, as a public limited company under the Companies Act, 1956, Transrail Lighting Ltd maintains its headquarters at Bandra Kurla Complex, Mumbai, Maharashtra. In recent developments, the company secures substantial order inflows including Rs548 crore in November 2025 marking entry into a new MENA country with a transmission line project alongside railway and poles & lighting orders, pushing FY26 inflows above Rs4,285 crore with L1 status on Rs2,575 crore; earlier in 2025 it wins Rs2,752 crore predominantly in T&D during February, Rs1,647 crore YTD by mid-year, Rs534 crore from East Central Railway in June including its largest African substation project to date, and Rs1,085 crore at FY25 start, achieving record FY25 inflows of around Rs9,400 crore more than double the prior year while expanding tower manufacturing capacity through brownfield projects and shifting focus toward domestic execution amid international diversification.