Designs, manufactures and erects transmission and distribution infrastructure, including transmission towers, power lines and substations, on an EPC basis for projects in India and overseas. FY26 revenue stood at ₹6,880.11 crore with an EBITDA margin of 12.37%, backed by an order book of ₹16,361 crore that received ₹8,520 crore of inflows during the year. Tower manufacturing capacity stands at 172,400 metric tonnes per annum. International operations centre on the MENA region, where the company booked about ₹459 crore of new transmission line orders, supported by a UAE subsidiary that trades electrical and construction materials for transmission, substations and solar projects. The largest cost is materials at 46.7% of revenue, followed by other operating expenses at 38.6% and employee costs at 4.7%. The company is diversifying via a ₹10 crore acquisition of industrial cooling solutions firm Gactel Turnkey Projects and plans to add drones, solar, battery storage, data centres and EV charging to its main objects, while raising up to ₹600 crore through a QIP. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. T&D EPC, Tower manufacturing, International T&D EPC, Electrical and construction materials trading, Industrial cooling solutions. Project-based EPC contractor with in-house tower manufacturing
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 5,308 | 6,880 |
| EBITDA (ex other income) | 673 | 802 |
| margin % | 12.7 | 11.7 |
| Owners' profit | 327 | 404 |
| EPS, as reported (₹) | 25.72 | 30.06 |
| ROE % · ROCE % | 17.4 · 33.1 | 17.7 · 31.9 |
| Debt / equity (x) | 0.34 | 0.29 |
| Cash from operations | 287 | 643 |
| Capex | (142) | (249) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,088 | 1,340 | 1,946 | 1,660 | 3,221 | 1,796 | 1,863 | 1,736 |
| Profit before tax | 87 | 126 | 175 | 146 | 269 | 150 | 147 | 144 |
| Net profit | 55 | 93 | 127 | 106 | 197 | 110 | 97 | 108 |
| EPS (₹) | 4.40 | 7.48 | 9.97 | 7.88 | 14.66 | 8.17 | 7.19 | 8.04 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 | 10.2 | — | 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 | 6.1 | 4.7 | 14.3 | 9.3 |
| CG POWER AND IND SOL LTD | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Transrail shareholders approve 600 crore QIP and MOA amendment via postal ballot | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Newspaper publication about e-voting instructions for 19th AGM | compliance | minimal | — | — |
| 2 Sept 2026 · Tax Deduction Communication on Final Dividend FY2025-26 | corporate actions | medium | — | — |
| 2 Sept 2026 · Transrail Lighting files 19th Annual Report for FY 2025-26 | compliance | low | — | — |
| 25 Aug 2026 · Transrail Lighting: 19th AGM on Aug 28, final dividend of Rs 2 per share | compliance | minimal | — | — |
| 24 Aug 2026 · Transrail Lighting fixes record date for FY26 final dividend | corporate actions | high | — | — |
| 14 Aug 2026 · Transrail Lighting appoints Ms. Ranjana Maitra as Independent Director | management changes | medium | — | — |
| 12 Aug 2026 · Q1 FY27 Earnings Call: Revenue Up 5%, EBITDA Margin 11.7% Beats Guidance | investor communications | medium | — | — |
| 12 Aug 2026 · CARE Ratings Q1FY27 Monitoring Agency Report filed | compliance | minimal | — | — |
| 12 Aug 2026 · Transrail Lighting files Q1 FY27 Monitoring Agency Report | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| HITACHI ENERGY INDIA LTD | 1,40,200 | 121.8 | 27.09 | — | 19.1 | 24.7 | — | 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.8 | 35.1 | 4 of 34 | 91% |
| P/B | 2.4 | 5.7 | 5 of 33 | 88% |
| ROCE | 23.0 | 16.6 | 9 of 36 | 77% |
| ROE | 17.7 | 14.6 | 14 of 35 | 62% |
| Debt / Equity | 0.3 | 0.1 | 23 of 35 | 35% |
| EBITDA margin | 12.6 | 16.4 | 23 of 35 | 35% |
| Revenue growth | 4.6 | 17.7 | 26 of 33 | 22% |
| Profit growth | 1.9 | 6.7 | 17 of 32 | 48% |
| Market cap | 5538 | 7198 | 20 of 35 | 44% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.
