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Trishakti Industries Limited

Services › Commercial Services & Supplies
₹250.55
at close · 9 Oct 2026
▼ 4.25 (-1.67%)

Latest filings

  1. SEBI Special Window for Physical Share Transfer and Dematerialisation · Compliance
  2. Trishakti Industries: 41st AGM results — 4 resolutions passed, Re 0.20 dividend declared · Board & Shareholder Meetings
  3. 41st AGM of Trishakti Industries held on September 30, 2026 · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Rents heavy construction equipment, primarily cranes, to infrastructure, renewable energy, railways, steel and oil & gas clients on a rental basis. The Heavy Equipment Hiring segment carries the bulk of revenue, with a much smaller Commission & Consultancy Business line and an "Others" line. Customers named by management include L&T, Reliance, Tata Steel, RVNL, NCC, Adani Group and ONGC. The fleet has scaled from 8 machines in FY24 to 140+ machines in FY26 and 155-158 machines by Q1 FY27, running at 100% utilisation. An INR 400 crore multi-year CapEx programme is underway — INR 210 crore was deployed in FY26 (against an INR 100 crore guidance) and INR 270 crore by Q1 FY27. The model is asset-heavy: depreciation runs at 24.5% of revenue and capex ran at 663.6% of FY26 revenue, with the company now adding 900-ton cranes for wind-energy work and planning expansion into the UAE and Saudi Arabia. The FY27 executable order book stood at INR 62-72 crore at the time of the Q1 FY27 call.

Operating scale
Fleet size (FY26)
140+ machinesFY26
Fleet size (Q1 FY27)
155-158 machinesQ1 FY27
Fleet utilisation
100%Q1 FY27
FY27 order book
INR 62-72 croreFY27
CapEx deployed vs guidance
INR 210 crore vs INR 100 crore guided (FY26); INR 270 crore of INR 400 crore plan by Q1 FY27FY26 / Q1 FY27
Wind-energy entry
900-ton class cranes for 3.3 MW to 5.2 MW turbines; first machines from October, revenue from Q3 FY27FY27
Who pays it
Infrastructure, renewable energy, railways, steel and oil & gas contractors including L&T, Reliance, Tata Steel, RVNL, NCC, Adani Group and ONGC
Biggest cost
Depreciation on the crane fleet (24.5% of FY26 revenue), reflecting the asset-heavy rental model
Kind of business
Asset-heavy, pure-play infrastructure equipment rental pivoting away from a diversified legacy portfolio
Where it sits
Pure-play crane rental platform scaling from 8 machines in FY24 to 140+ in FY26; first international foray into UAE and Saudi Arabia announced in Q1 FY27
Market Cap
₹427 Cr
P / E (TTM)
56.8×
EV / EBITDA
25.6×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
11.6%·
ROCE (FY26)
ROE 16.7% · margin 71.6%
Leverage
1.91·
Debt / Equity · high
Net debt ₹84 Cr
Revenue FY23→FY26
1.3×▲
Margin +24.3 pts
₹21 Cr → ₹28 Cr
Cash conversion
10.82×▲
Operating cash ÷ profit · 4 yrs
₹133 Cr on ₹12 Cr
Moves on a normal day
1.92%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 127 Diversified Commercial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#66/80
P/B#87/96
ROCE#33/103
ROE#15/113
Debt / Equity#85/91
EBITDA margin#12/92
Revenue growth#7/91
Profit growth#30/110

Scorecard

Measured from the filed financials, judged against its Diversified Commercial Services peers · as of FY26 — not investment advice

Strengths
Returns on capital 11.6%
#33 of 103 in Diversified Commercial Services on the latest reported figures · up from 7.0% in FY23
Over 4 years it reported ₹12 Cr of profit and ₹133 Cr of operating cash — 10.82×
Profit is converting into cash
Concerns
Carries more debt than its peers — 1.91× equity
higher than 93% of its 91 Diversified Commercial Services peers
Heavy working capital — 266 days of cash tied up
Customers are taking longer to pay — 41 → 265 days of receivables
FY23 → FY26

Charts

How has the market priced it — with filings on the timeline?

Price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Trishakti Industries Limited's filed financials and exchange disclosures

What does Trishakti Industries Limited do?

Trishakti Industries Limited is a Commercial Services & Supplies company listed on BSE.

Is Trishakti Industries Limited profitable?

Yes. Over the trailing twelve months Trishakti Industries Limited reported a net profit of ₹7.45 Cr on revenue of ₹28 Cr.

Does Trishakti Industries Limited pay a dividend?

Not in the latest reported year — Trishakti Industries Limited's dividend payout for FY26 was nil.

Is Trishakti Industries Limited debt-free?

No. It reported borrowings of ₹85 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹84 Cr after cash. Debt stands at 1.91× equity. That is higher than 93% of its 91 Diversified Commercial Services peers.

Is Trishakti Industries Limited expensive compared with its peers?

On trailing P/E, Trishakti Industries Limited ranks 66 of 80 in Diversified Commercial Services — cheaper than 18% of them, against an industry median of 13.9×. This is a position, not a valuation judgement.

How much does the Trishakti Industries Limited share price move in a day?

On a typical session Trishakti Industries Limited moves 1.92% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track Trishakti Industries Limited's announcements?

Every NSE and BSE filing by Trishakti Industries Limited appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.