NSE: TARACHAND
TARA CHAND INFRA SOLN LTD
Rents heavy construction equipment and provides logistics and warehousing services. The Equipment Hiring & Projects segment (Segment A) contributed 59.7% of FY26 segment revenue at ₹170.04 crore, made up of cranes, batching plants and similar machinery leased to construction, infrastructure, cement, power and renewable-energy clients; Warehousing & Transportation (Segment B) added 37.4% at ₹106.45 crore, while Steel Processing & Distribution (Segment C) was a small 2.9% line at ₹8.36 crore. The fleet stood at 427 machines with an average age under six years, and the renewable-energy share of equipment rental revenue tripled to 15% in FY26 from 5% in FY25. FY27 executable order book was ₹211.7 crore, of which 64% was equipment hiring/projects and 37% warehousing and transportation. The company has also incorporated Tarachand Metallix as a wholly-owned subsidiary for metal processing, with operations not expected before H2 FY28. The cost base is dominated by other operating expenses (47.6% of revenue) and depreciation (20.8% of revenue), reflecting the equipment fleet, while employee costs were 13.3% and materials were 0% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Equipment Hiring & Projects (Segment A) (60%), Warehousing & Transportation (Segment B) (37%), Steel Processing & Distribution (Segment C) (3%), Tarachand Metallix (0%). Asset-heavy equipment rental and logistics with growing renewable-energy and warehousing exposure.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 285 |
| EBITDA (ex other income) | 103 |
| margin % | 36.3 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 3.51 |
| ROE % · ROCE % | 18.6 · 10.9 |
| Debt / equity (x) | 0.93 |
| Cash from operations | 69 |
| Capex | (83) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 90 | 68 |
| Profit before tax | 12 | 2 |
| Net profit | 9 | 2 |
| EPS (₹) | 1.08 | 0.21 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment-A (Infra work, Tangible Goods & Services) | 57 | 64.0 |
| Segment-B (Transportation & Handling) | 26 | 29.5 |
| Segment-C (Processing & Distribution of Goods) | 6 | 6.4 |
| Total, before eliminations | 90 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 13,326 | 21.9 | 8.96 | 12.8 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 9,216 | 105.7 | 30.80 | 5.9 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,252 | 17.4 | 2.42 | 12.3 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,655 | 16.4 | 12.07 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,451 | 195.5 | 10.27 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,750 | 18.8 | 4.07 | 14.3 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,707 | 37.7 | 2.74 | 28.0 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 4,091 | — | 7.95 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 35.6 | 13.5 | 60 of 80 | 25% |
| P/B | 1.2 | 1.4 | 44 of 96 | 55% |
| ROCE | 8.6 | 3.4 | 31 of 103 | 71% |
| ROE | 18.6 | 2.9 | 13 of 113 | 89% |
| Debt / Equity | 0.9 | 0.1 | 79 of 91 | 13% |
| EBITDA margin | 30.6 | 25.4 | 41 of 92 | 56% |
| Market cap | 181 | 48 | 34 of 109 | 69% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine filing of RTA dematerialisation certificate for Q2 FY26 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1, 2026 pending Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · Tara Chand Infra to attend Arihant Bharat Connect Conference on Sep 29, 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Tara Chand InfraLogistic buys new equipment under FY27 capex | capex operations | high | — | — |
| 10 Aug 2026 · Q1 FY27 call transcript filed: margins dip, H2 recovery guided, order book at INR205 cr | investor communications | low | — | — |
| 7 Aug 2026 · Audio recording of Q1FY27 earnings call shared | investor communications | low | — | — |
| 7 Aug 2026 · Newspaper publication of Q1 FY26 unaudited financial results | compliance | minimal | — | — |
| 6 Aug 2026 · Tara Chand Q1 FY27 Investor Presentation: Margins Under Pressure | investor communications | medium | — | — |
| 6 Aug 2026 · Tara Chand InfraLogistic Q1FY27: Revenue up 11%, PAT down 74% on transitional quarter | compliance | low | — | — |
| 6 Aug 2026 · Q1 FY27 results: revenue up 11%, profit down 74% YoY | results | high | — | — |
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|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.