About
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.
Key Metrics
as of Sep 2026Market Cap5,765 Cr
P/E13.80
Div Yield0.70 %
Book Value₹170.00
52w High₹823.00
52w Low₹426.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,734.00 | 1,863.00 | 1,795.00 | 1,565.00 | 1,655.00 | 1,946.00 | 1,357.00 | 1,088.00 | 916.00 | 1,392.00 | 837.00 | 977.00 |
| Expenses | 1,529.00 | 1,653.00 | 1,566.00 | 1,380.00 | 1,453.00 | 1,712.00 | 1,174.00 | 948.00 | 793.00 | 1,212.00 | 739.00 | 859.00 |
| Operating Profit | 204.00 | 210.00 | 229.00 | 185.00 | 202.00 | 234.00 | 183.00 | 141.00 | 123.00 | 181.00 | 98.00 | 118.00 |
| OPM % | 12.00 | 11.00 | 13.00 | 12.00 | 12.00 | 12.00 | 14.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 |
| Other Income | 17.00 | 10.00 | -4.00 | 15.00 | 12.00 | 16.00 | 10.00 | 8.00 | 14.00 | 24.00 | 15.00 | 7.00 |
| Depreciation | 19.00 | 19.00 | 17.00 | 15.00 | 15.00 | 16.00 | 14.00 | 13.00 | 13.00 | 13.00 | 12.00 | 13.00 |
| Interest | 56.00 | 54.00 | 55.00 | 60.00 | 50.00 | 59.00 | 49.00 | 46.00 | 44.00 | 41.00 | 42.00 | 43.00 |
| Profit before tax | 147.00 | 147.00 | 153.00 | 124.00 | 150.00 | 175.00 | 131.00 | 89.00 | 80.00 | 151.00 | 59.00 | 69.00 |
| Tax % | 25.00 | 32.00 | 27.00 | 27.00 | 27.00 | 29.00 | 25.00 | 35.00 | 32.00 | 26.00 | 20.00 | 31.00 |
| Net Profit | 111.00 | 100.00 | 112.00 | 90.00 | 109.00 | 125.00 | 98.00 | 58.00 | 54.00 | 112.00 | 47.00 | 47.00 |
| EPS in Rs | 8.23 | 7.45 | 8.33 | 6.73 | 8.10 | 9.28 | 7.27 | 4.62 | 4.39 | 9.00 | 18.88 | 19.15 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 6,879.00 | 5,308.00 | 4,077.00 | 3,133.00 | 2,284.00 | 2,155.00 | 1,837.00 |
| Expenses | 6,052.00 | 4,524.00 | 3,515.00 | 2,789.00 | 2,089.00 | 1,870.00 | 1,561.00 |
| Operating Profit | 826.00 | 783.00 | 562.00 | 344.00 | 195.00 | 285.00 | 276.00 |
| OPM % | 12.00 | 15.00 | 14.00 | 11.00 | 9.00 | 13.00 | 15.00 |
| Other Income | 33.00 | 48.00 | 54.00 | 41.00 | 73.00 | 20.00 | 21.00 |
| Interest | 219.00 | 300.00 | 246.00 | 189.00 | 139.00 | 137.00 | 145.00 |
| Depreciation | 66.00 | 56.00 | 50.00 | 46.00 | 38.00 | 33.00 | 32.00 |
| Profit before tax | 575.00 | 475.00 | 320.00 | 150.00 | 92.00 | 135.00 | 120.00 |
| Tax % | 28.00 | 30.00 | 27.00 | 27.00 | 28.00 | 24.00 | 15.00 |
| Net Profit | 412.00 | 334.00 | 235.00 | 109.00 | 66.00 | 102.00 | 102.00 |
| EPS in Rs | 30.66 | 24.90 | 18.93 | 47.99 | 29.26 | 134.76 | 243.26 |
| Dividend Payout % | 7.00 | 3.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 27.00 | 27.00 | 25.00 | 23.00 | 23.00 | 8.00 | 4.00 |
| Reserves | 2,306.00 | 1,890.00 | 1,139.00 | 758.00 | 647.00 | 564.00 | 438.00 |
| Borrowings | 678.00 | 661.00 | 667.00 | 605.00 | 476.00 | 429.00 | 369.00 |
| Other Liabilities | 4,394.00 | 3,694.00 | 2,817.00 | 2,069.00 | 1,700.00 | 1,184.00 | 1,206.00 |
| Total Liabilities | 7,405.00 | 6,271.00 | 4,648.00 | 3,455.00 | 2,846.00 | 2,185.00 | 2,018.00 |
| Fixed Assets | 599.00 | 424.00 | 374.00 | 378.00 | 334.00 | 317.00 | 312.00 |
| CWIP | 65.00 | 12.00 | 6.00 | 4.00 | 17.00 | 4.00 | 11.00 |
| Investments | 3.00 | 2.00 | 6.00 | 4.00 | 4.00 | 4.00 | 6.00 |
| Other Assets | 6,738.00 | 5,833.00 | 4,263.00 | 3,069.00 | 2,491.00 | 1,860.00 | 1,689.00 |
| Total Assets | 7,405.00 | 6,271.00 | 4,648.00 | 3,455.00 | 2,846.00 | 2,185.00 | 2,018.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 644.00 | 288.00 | 58.00 | 143.00 | 52.00 | 82.00 | 189.00 |
| Cash from Investing Activity | -212.00 | -499.00 | -96.00 | -107.00 | -89.00 | -17.00 | -54.00 |
| Cash from Financing Activity | -190.00 | 242.00 | 28.00 | 29.00 | 3.00 | 1.00 | -141.00 |
| Net Cash Flow | 242.00 | 31.00 | -11.00 | 65.00 | -34.00 | 66.00 | -6.00 |
| Free Cash Flow | 397.00 | 152.00 | 30.00 | 92.00 | -24.00 | 62.00 | 177.00 |
| CFO/OP % | 99.00 | 53.00 | 30.00 | 45.00 | 45.00 | 46.00 | 81.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 92.00 | 91.00 | 92.00 | 75.00 | 102.00 | 83.00 | 97.00 |
| Inventory Days | 90.00 | 76.00 | 62.00 | 63.00 | 86.00 | 81.00 | 107.00 |
| Days Payable | 331.00 | 333.00 | 275.00 | 264.00 | 329.00 | 293.00 | 313.00 |
| Cash Conversion Cycle | -148.00 | -166.00 | -121.00 | -126.00 | -141.00 | -129.00 | -109.00 |
| Working Capital Days | 41.00 | 48.00 | 52.00 | 29.00 | 43.00 | 31.00 | 29.00 |
| ROCE % | 29.00 | 35.00 | 35.00 | 27.00 | 21.00 | 30.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Aug 2026 | 03 Aug 2026 | — | 3.00 | |
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 0.80 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update7 Aug from crisil
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Rating update4 Aug from fitch
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Rating update6 Apr from crisil
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Rating update4 Mar from crisil
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Rating update17 Oct 2025 from crisil
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Rating update25 Aug 2025 from fitch