Transrail Lighting Limited
₹425.25-₹9.85 (-2.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,520 Cr
- P/E
- 15.5x
- EV / EBITDA
- 10.3x
- Revenue
- ₹5,308 Cr
- Net margin
- 5.8%
- ROCE
- 30.7%
Price chart
Technical chartScreen technicals →-42.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.9%
- 3M
- -13.3%
- 6M
- -29.0%
- 1Y
- -42.0%
- 5Y
- -23.1%
52-week range
Day change -₹9.85 (-2.3%) from ₹435 to ₹425 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TRANSRAILL, bought on each weekday since 2024.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 17.3%
Concerns1
- Negative free cash flow (₹211 Cr)
Rule-based from financial data. Not advice.
About the company
Transrail Lighting Limited, an engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally.
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Transrail Lighting Limited, an engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally. The company also provides EPC for civil construction, such as bridges, tunnels, elevated roads, and cooling towers; solutions for solar renewable projects including Solar plant, BESS, Pooling substations, and Grid connectivity manufacturer, supply, installation, testing, and commissioning service for poles and lighting; and overhead electrification, signaling and telecommunication services, earthwork, track linking, and other composite work for railway. It serves public sector undertakings, governmental authorities, and private companies. The company was founded in 1984 and is headquartered in Mumbai, India. Transrail Lighting Limited operates as a subsidiary of Ajanma Holdings Private Limited.
- Sector
- Automobiles & Components
- Shares outstanding
- 13.4 Cr shares
- ISIN
- INE454P01035
- BSE code
- 544317
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,520 Cr
- P/E
- 15.5x
- P/B
- 3.1x
- EV / EBITDA
- 10.3x
- EV / Sales
- 1.6x
- P/S
- 1.6x
- Earnings yield
- 6.5%
- 52-week high
- ₹750.10
- 52-week low
- ₹405.50
Profitability
- Operating margin
- 13.8%
- Net margin
- 5.8%
- EBITDA margin
- 15.1%
- ROE
- 20.2%
- ROCE
- 30.7%
- ROA
- 5.1%
- Dividend payout
- 8.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 16.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,308 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹616 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 60.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 42.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹58.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -59.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹31.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.5%
Solvency and efficiency
- Current ratio
- 1.52
- Debt / Equity
- 0.57
- Debt / Assets
- 0.14
- Debt / EBITDA
- 1.08
- Interest coverage
- 2.28
- Financial leverage
- 3.99
- CFO / Net profit
- 0.25
- Cash / Market cap
- 65.4%
- Cash per share
- ₹317.11
- Asset turnover
- 0.88
- Fixed asset turnover
- 10.90
- Capital intensity
- 0.09
- Debtor days
- 92 days
- Inventory turnover
- 5.89
- Cash conversion cycle
- -121 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹6 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,525 Cr |
| Sales | Operating profit | ₹783 Cr |
| Operating profit | Interest | ₹300 Cr |
| Operating profit | Depreciation | ₹56 Cr |
| Operating profit | Profit before tax | ₹427 Cr |
| Other income | Profit before tax | ₹48 Cr |
| Profit before tax | Tax and other | ₹141 Cr |
| Profit before tax | Net profit | ₹334 Cr |
Revenue and net profit
Revenue grew 30.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,155 Cr | ₹102 Cr |
| FY2022 | ₹2,284 Cr | ₹66 Cr |
| FY2023 | ₹3,133 Cr | ₹109 Cr |
| FY2024 | ₹4,077 Cr | ₹235 Cr |
| FY2025 | ₹5,308 Cr | ₹334 Cr |
Cash flows
FY2025: ₹288 Cr from operations, -₹211 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹82 Cr | ₹65 Cr |
| FY2022 | ₹52 Cr | -₹37 Cr |
| FY2023 | ₹143 Cr | ₹36 Cr |
| FY2024 | ₹58 Cr | -₹38 Cr |
| FY2025 | ₹288 Cr | -₹211 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,308 Cr+30.2%1Y
- Net profit
- ₹334 Cr+42.1%1Y
- Cash from operations
- ₹288 Cr
- Free cash flow
- -₹211 Cr
- Revenue CAGR, 5Y
- 17.3%
- EBITDA CAGR, 5Y
- 15.7%
- Net profit CAGR, 5Y
- 18.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,308 Cr | ₹783 Cr | — | ₹334 Cr | ₹288 Cr | -₹211 Cr | 17.4% | +30.2% | +42.1% |
Monthly returns
Month-by-month returns of TRANSRAILL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹6,271 Cr |
| Equity capital | ₹27 Cr |
| Reserves | ₹1,890 Cr |
| Borrowings | ₹661 Cr |
| Other liabilities | ₹3,694 Cr |
| Assets | ₹6,271 Cr |
| Fixed assets | ₹424 Cr |
| Capital work in progress | ₹12 Cr |
| Investments | ₹2 Cr |
| Other assets | ₹5,833 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TRANSRAILL trades at 15.5x earnings against a peer median of 34.8x (a 55% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Transrail Lighting LimitedTRANSRAILLthis companyP/E ↓ discount | ₹6,520 Cr | 15.5x | 3.1x | 20.2% | 10.3x |
| Transport Corporation of India LtdTCI | ₹8,144 Cr | 19.3x | 3.7x | 17.4% | 16.7x |
| Pricol LimitedPRICOLLTD | ₹7,623 Cr | 51.4x | 7.4x | 16.3% | 27.9x |
| L.g.Balkrishnan & Bros. Ltd.LGBBROSLTD | ₹6,148 Cr | 21.9x | 3.1x | 16.7% | 13.5x |
| Shreeji Shipping Global LimitedSHREEJISPG | ₹5,973 Cr | 45.8x | 8.4x | -236.3% | 32.0x |
| FIEM INDUSTRIES LIMITEDFIEMIND | ₹5,935 Cr | 26.7x | 5.5x | 18.8% | 20.5x |
| S.J.S. Enterprises LimitedSJS | ₹5,500 Cr | 52.3x | 7.9x | 13.0% | 49.7x |
| Subros Ltd.SUBROS | ₹5,418 Cr | 33.8x | 4.7x | 10.3% | 19.7x |
| Jamna Auto Industries Ltd.JAMNAAUTO | ₹5,336 Cr | 24.8x | 4.8x | 26.7% | 14.8x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
TRANSRAILL since 1 January, against earlier years.
Historical volatility
TRANSRAILL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 13.0% |
| FY2022 | 9.0% |
| FY2023 | 11.0% |
| FY2024 | 14.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,308 Cr |
| Costs | |
| Interest | ₹300 Cr |
| Expenses | ₹4,524 Cr |
| Operating profitOperating Profit | ₹783 Cr |
| Other income and charges | |
| Profit before tax | ₹475 Cr |
| Tax | |
| Net profitNet Profit | ₹334 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹6,271 Cr |
| Equity capitalEquity Capital | ₹27 Cr |
| Reserves | ₹1,890 Cr |
| Borrowings | ₹661 Cr |
| Other liabilitiesOther Liabilities | ₹3,694 Cr |
| AssetsTotal Assets | ₹6,271 Cr |
| Fixed assetsFixed Assets | ₹424 Cr |
| Capital work in progressCWIP | ₹12 Cr |
| Investments | ₹2 Cr |
| Other assetsOther Assets | ₹5,833 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹288 Cr |
| Investing cash flowCash from Investing Activity | -₹499 Cr |
| Financing cash flowCash from Financing Activity | ₹242 Cr |
| Change in cashNet Cash Flow | ₹31 Cr |
Learn while you research
Academy chapters picked for Transrail Lighting Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing30% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read