TRANSINDIA REAL ESTATE L

Operates logistics parks — warehouses and industrial facilities leased to logistics, e-commerce, manufacturing and retail tenants. In FY26, the Logistics Park segment made up 98.2% of segment revenue at INR82.23 cr (segment EBIT INR27.93 cr), with the remaining 1.8% (INR1.52 cr) from equipment hiring. Two operating warehouses, Koproli and Khopta, are both 100% leased. The company is in a build-out phase: it has a land bank of roughly 200 acres supporting 1.8-2 million sq ft of developable area, with an INR1,000 cr capex programme starting Q3 FY26 across 4-5 projects, construction funded 70-80% by debt. The lead project is a 98-acre consolidation at Mubarikpur, Haryana, targeting completion around Q4 FY27, with INR70-80 cr of incremental rent potential at stabilisation. In July 2026 it acquired 48.28% (with 100% voting rights) in Comptech Solutions for about INR24 cr, adding a 20,043 sq ft leasable commercial property in Gurugram. The cost structure is dominated by depreciation (20.9% of revenue) and employee costs (19.1%), consistent with an asset-heavy model. Capex ran at 89.9% of revenue in FY26.