Transrail Lighting Ltd.

•

₹ 4600.03%

2026-08-21

transrail.inBSE: 544317NSE: TRANSRAILL

Market Cap₹ 6,172 Cr.

Current Price₹ 460

High / Low₹ 823 / 450

Stock P/E0.0

Book Value₹ 182

Price to Book3.24

Dividend Yield0.43 %

ROCE35.5 %

ROE21.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 26.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 32.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%
Company has delivered good sales growth of 23.6% CAGR over last 5 years
Attractively priced for its growth - PEG of 0.3
Company maintains a comfortable, low leverage position

CONS

Promoter holding has decreased over last 2 years: -21.7pp
Recent results are weak - TTM profit is down 12.0% versus prior year
Equity base is being diluted - shares outstanding up 18.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7470.00	52.98	158295.56	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33560.00	0.00	149584.85	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3899.95	42.40	138885.22	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	875.00	110.28	137851.88	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3436.60	0.00	122384.37	0.12	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4055.00	555.99	103826.87	0.25	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1273.00	48.91	79888.60	0.79	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2684.00	20.23	77205.62	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16764.90	59.41	70198.55	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	47.05	20.57	64673.22	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1241.90	0.00	29694.33	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	TRANSRAILL	459.75	15.24	6172.42	0.43	107.88	1.95	1736.03	6.05	35.64	11.67

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	957	823	1,373	897	1,068	1,340	1,907	1,633	1,538	1,777	1,831	1,734
	859	739	1,212	793	948	1,174	1,712	1,453	1,380	1,566	1,653	1,604
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	7	15	24	14	8	10	16	12	15	13	10	17
Interest	43	42	41	44	46	49	59	50	60	55	54	56
Depreciation	13	12	13	13	13	14	16	15	15	17	19	19
	69	59	151	80	89	131	175	150	124	153	147	147
Tax %	31.37%	20.36%	26.26%	32.10%	35.36%	25.27%	28.31%	27.38%	27.36%	27.08%	31.93%	24.63%
Net Profit	47	47	112	54	58	98	125	109	90	112	100	111
	4	4	9	4	5	8	10	8	7	8	7	1
Equity Capital	25	25	25	25	25	27	27	27	27	27	27	27
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	25	25	25	25	25	27	27	27	27	27	27	27
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Sep 2023

: 957
: 859
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 43
Depreciation: 13
: 69
Tax %: 31.37%
Net Profit: 47
: 4
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 823
: 739
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 42
Depreciation: 12
: 59
Tax %: 20.36%
Net Profit: 47
: 4
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 1,373
: 1,212
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 41
Depreciation: 13
: 151
Tax %: 26.26%
Net Profit: 112
: 9
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 897
: 793
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 44
Depreciation: 13
: 80
Tax %: 32.10%
Net Profit: 54
: 4
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 1,068
: 948
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 46
Depreciation: 13
: 89
Tax %: 35.36%
Net Profit: 58
: 5
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1,340
: 1,174
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 49
Depreciation: 14
: 131
Tax %: 25.27%
Net Profit: 98
: 8
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 1,907
: 1,712
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 59
Depreciation: 16
: 175
Tax %: 28.31%
Net Profit: 125
: 10
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,633
: 1,453
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 50
Depreciation: 15
: 150
Tax %: 27.38%
Net Profit: 109
: 8
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,538
: 1,380
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 60
Depreciation: 15
: 124
Tax %: 27.36%
Net Profit: 90
: 7
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,777
: 1,566
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 55
Depreciation: 17
: 153
Tax %: 27.08%
Net Profit: 112
: 8
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,831
: 1,653
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 54
Depreciation: 19
: 147
Tax %: 31.93%
Net Profit: 100
: 7
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,734
: 1,604
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 56
Depreciation: 19
: 147
Tax %: 24.63%
Net Profit: 111
: 1
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	333	1,328	1,827	1,875	1,837	2,155	2,329	3,152	4,077	5,308	6,880
	291	1,225	1,662	1,657	1,561	1,870	2,108	2,806	3,523	4,553	6,203
Operating Profit	45	181	230	288	297	305	268	385	616	831	—
OPM %	14	14	13	15	16	14	12	12	15	16	—
Other Income	3	79	66	70	22	20	47	39	63	77	55
Interest	33	99	99	123	145	137	139	189	246	300	225
Depreciation	10	27	30	31	32	33	38	46	50	56	71
	2	56	101	134	120	135	92	150	320	475	571
Tax %	-286	9	25	32	15	24	28	27	27	30	28
Net Profit	9	51	76	91	102	102	66	109	235	334	413
EPS	243	424	181	216	243	163	60	10	19	25	—
Dividend Payout %	0	0	0	0	0	0	0	0	8	3	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	89	509	36	43	49	27	6	10	19	25	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	89	509	36	43	49	27	6	10	19	25	—

Mar 2016

: 333
: 291
Operating Profit: 45
OPM %: 14
Other Income: 3
Interest: 33
Depreciation: 10
: 2
Tax %: -286
Net Profit: 9
EPS: 243
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 89
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 89

Mar 2017

: 1,328
: 1,225
Operating Profit: 181
OPM %: 14
Other Income: 79
Interest: 99
Depreciation: 27
: 56
Tax %: 9
Net Profit: 51
EPS: 424
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 509
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 509

Mar 2018

: 1,827
: 1,662
Operating Profit: 230
OPM %: 13
Other Income: 66
Interest: 99
Depreciation: 30
: 101
Tax %: 25
Net Profit: 76
EPS: 181
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36

Mar 2019

: 1,875
: 1,657
Operating Profit: 288
OPM %: 15
Other Income: 70
Interest: 123
Depreciation: 31
: 134
Tax %: 32
Net Profit: 91
EPS: 216
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 43

Mar 2020

: 1,837
: 1,561
Operating Profit: 297
OPM %: 16
Other Income: 22
Interest: 145
Depreciation: 32
: 120
Tax %: 15
Net Profit: 102
EPS: 243
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49

Mar 2021

: 2,155
: 1,870
Operating Profit: 305
OPM %: 14
Other Income: 20
Interest: 137
Depreciation: 33
: 135
Tax %: 24
Net Profit: 102
EPS: 163
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 27
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 27

Mar 2022

: 2,329
: 2,108
Operating Profit: 268
OPM %: 12
Other Income: 47
Interest: 139
Depreciation: 38
: 92
Tax %: 28
Net Profit: 66
EPS: 60
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2023

: 3,152
: 2,806
Operating Profit: 385
OPM %: 12
Other Income: 39
Interest: 189
Depreciation: 46
: 150
Tax %: 27
Net Profit: 109
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2024

: 4,077
: 3,523
Operating Profit: 616
OPM %: 15
Other Income: 63
Interest: 246
Depreciation: 50
: 320
Tax %: 27
Net Profit: 235
EPS: 19
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19

Mar 2025

: 5,308
: 4,553
Operating Profit: 831
OPM %: 16
Other Income: 77
Interest: 300
Depreciation: 56
: 475
Tax %: 30
Net Profit: 334
EPS: 25
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25

TTM

: 6,880
: 6,203
Operating Profit: —
OPM %: —
Other Income: 55
Interest: 225
Depreciation: 71
: 571
Tax %: 28
Net Profit: 413
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 53%
5 Years:: 24%
3 Years:: 32%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 27%
3 Years:: 71%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -42%

RETURN ON EQUITY

10 Years:: 26%
5 Years:: 18%
3 Years:: 20%
Last Year:: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	0	0	4	4	4	8	23	23	25	27
	73	141	238	335	438	563	646	758	1,138	1,887
	223	237	147	231	240	331	351	485	515	565
Trade Payables	270	399	538	581	785	843	1,071	1,309	1,672	2,345
	795	835	688	619	550	441	756	880	1,298	1,447
Total Liabilities	1,361	1,613	1,617	1,771	2,018	2,186	2,846	3,455	4,648	6,271
ASSETS	-	-	-	-	-	-	-	-	-	-
	333	318	319	309	312	317	334	378	374	424
Capital Work in Progress	0	0	1	4	11	4	17	4	6	12
	0	0	0	1	6	4	4	4	6	2
	199	256	255	220	268	232	278	311	378	538
	0	0	0	0	0	0	0	0	1,026	1,317
Cash & Bank	25	47	36	45	80	127	108	193	223	620
	804	991	1,005	1,193	1,341	1,502	2,104	2,564	2,636	3,359
Total Assets	1,361	1,613	1,617	1,771	2,018	2,186	2,846	3,455	4,648	6,271
Total Debt	516	531	380	429	369	429	469	605	643	643
Net Working Capital	0	102	188	203	224	316	380	443	806	1,316
Contingent Liabilities	602	400	390	411	304	613	337	241	287	269
Book Value per Share	3636.50	7078.50	577.74	808.33	1052.40	753.83	294.31	342.46	93.82	142.54
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	2.00	2.00
Total Debt	516	531	380	429	369	429	469	605	643	643
Net Working Capital	0	102	188	203	224	316	380	443	806	1,316
Contingent Liabilities	602	400	390	411	304	613	337	241	287	269
Book Value per Share	3636.50	7078.50	577.74	808.33	1052.40	753.83	294.31	342.46	93.82	142.54
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	2.00	2.00

Mar 2016

Equity Capital: 0
: 73
: 223
Trade Payables: 270
: 795
Total Liabilities: 1,361
: 333
Capital Work in Progress: 0
: 0
: 199
: 0
Cash & Bank: 25
: 804
Total Assets: 1,361
Total Debt: 516
Net Working Capital: 0
Contingent Liabilities: 602
Book Value per Share: 3636.50
Face Value: 10.00
Total Debt: 516
Net Working Capital: 0
Contingent Liabilities: 602
Book Value per Share: 3636.50
Face Value: 10.00

Mar 2017

Equity Capital: 0
: 141
: 237
Trade Payables: 399
: 835
Total Liabilities: 1,613
: 318
Capital Work in Progress: 0
: 0
: 256
: 0
Cash & Bank: 47
: 991
Total Assets: 1,613
Total Debt: 531
Net Working Capital: 102
Contingent Liabilities: 400
Book Value per Share: 7078.50
Face Value: 10.00
Total Debt: 531
Net Working Capital: 102
Contingent Liabilities: 400
Book Value per Share: 7078.50
Face Value: 10.00

Mar 2018

Equity Capital: 4
: 238
: 147
Trade Payables: 538
: 688
Total Liabilities: 1,617
: 319
Capital Work in Progress: 1
: 0
: 255
: 0
Cash & Bank: 36
: 1,005
Total Assets: 1,617
Total Debt: 380
Net Working Capital: 188
Contingent Liabilities: 390
Book Value per Share: 577.74
Face Value: 10.00
Total Debt: 380
Net Working Capital: 188
Contingent Liabilities: 390
Book Value per Share: 577.74
Face Value: 10.00

Mar 2019

Equity Capital: 4
: 335
: 231
Trade Payables: 581
: 619
Total Liabilities: 1,771
: 309
Capital Work in Progress: 4
: 1
: 220
: 0
Cash & Bank: 45
: 1,193
Total Assets: 1,771
Total Debt: 429
Net Working Capital: 203
Contingent Liabilities: 411
Book Value per Share: 808.33
Face Value: 10.00
Total Debt: 429
Net Working Capital: 203
Contingent Liabilities: 411
Book Value per Share: 808.33
Face Value: 10.00

Mar 2020

Equity Capital: 4
: 438
: 240
Trade Payables: 785
: 550
Total Liabilities: 2,018
: 312
Capital Work in Progress: 11
: 6
: 268
: 0
Cash & Bank: 80
: 1,341
Total Assets: 2,018
Total Debt: 369
Net Working Capital: 224
Contingent Liabilities: 304
Book Value per Share: 1052.40
Face Value: 10.00
Total Debt: 369
Net Working Capital: 224
Contingent Liabilities: 304
Book Value per Share: 1052.40
Face Value: 10.00

Mar 2021

Equity Capital: 8
: 563
: 331
Trade Payables: 843
: 441
Total Liabilities: 2,186
: 317
Capital Work in Progress: 4
: 4
: 232
: 0
Cash & Bank: 127
: 1,502
Total Assets: 2,186
Total Debt: 429
Net Working Capital: 316
Contingent Liabilities: 613
Book Value per Share: 753.83
Face Value: 10.00
Total Debt: 429
Net Working Capital: 316
Contingent Liabilities: 613
Book Value per Share: 753.83
Face Value: 10.00

Mar 2022

Equity Capital: 23
: 646
: 351
Trade Payables: 1,071
: 756
Total Liabilities: 2,846
: 334
Capital Work in Progress: 17
: 4
: 278
: 0
Cash & Bank: 108
: 2,104
Total Assets: 2,846
Total Debt: 469
Net Working Capital: 380
Contingent Liabilities: 337
Book Value per Share: 294.31
Face Value: 10.00
Total Debt: 469
Net Working Capital: 380
Contingent Liabilities: 337
Book Value per Share: 294.31
Face Value: 10.00

Mar 2023

Equity Capital: 23
: 758
: 485
Trade Payables: 1,309
: 880
Total Liabilities: 3,455
: 378
Capital Work in Progress: 4
: 4
: 311
: 0
Cash & Bank: 193
: 2,564
Total Assets: 3,455
Total Debt: 605
Net Working Capital: 443
Contingent Liabilities: 241
Book Value per Share: 342.46
Face Value: 10.00
Total Debt: 605
Net Working Capital: 443
Contingent Liabilities: 241
Book Value per Share: 342.46
Face Value: 10.00

Mar 2024

Equity Capital: 25
: 1,138
: 515
Trade Payables: 1,672
: 1,298
Total Liabilities: 4,648
: 374
Capital Work in Progress: 6
: 6
: 378
: 1,026
Cash & Bank: 223
: 2,636
Total Assets: 4,648
Total Debt: 643
Net Working Capital: 806
Contingent Liabilities: 287
Book Value per Share: 93.82
Face Value: 2.00
Total Debt: 643
Net Working Capital: 806
Contingent Liabilities: 287
Book Value per Share: 93.82
Face Value: 2.00

Mar 2025

Equity Capital: 27
: 1,887
: 565
Trade Payables: 2,345
: 1,447
Total Liabilities: 6,271
: 424
Capital Work in Progress: 12
: 2
: 538
: 1,317
Cash & Bank: 620
: 3,359
Total Assets: 6,271
Total Debt: 643
Net Working Capital: 1,316
Contingent Liabilities: 269
Book Value per Share: 142.54
Face Value: 2.00
Total Debt: 643
Net Working Capital: 1,316
Contingent Liabilities: 269
Book Value per Share: 142.54
Face Value: 2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	136	76	206	74	189	82	52	143	58	288
Cash from Investing	-10	-14	-40	-31	-54	-17	-89	-107	-96	-499
Cash from Financing	-102	-44	-175	-48	-141	1	3	29	28	242
	24	18	-9	-4	-6	66	-34	65	-11	31
Free Cash Flow	-163	63	176	53	147	52	-15	76	12	179
OCF / Net Profit	15.37	1.49	2.71	0.82	1.85	0.81	0.78	1.30	0.25	0.86
Cumulative 5-Year FCF	0	0	0	0	277	492	414	314	272	304
OCF / Net Profit	15.37	1.49	2.71	0.82	1.85	0.81	0.78	1.30	0.25	0.86
Cumulative 5-Year FCF	0	0	0	0	277	492	414	314	272	304

Mar 2016

: 136
Cash from Investing: -10
Cash from Financing: -102
: 24
Free Cash Flow: -163
OCF / Net Profit: 15.37
Cumulative 5-Year FCF: 0
OCF / Net Profit: 15.37
Cumulative 5-Year FCF: 0

Mar 2017

: 76
Cash from Investing: -14
Cash from Financing: -44
: 18
Free Cash Flow: 63
OCF / Net Profit: 1.49
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.49
Cumulative 5-Year FCF: 0

Mar 2018

: 206
Cash from Investing: -40
Cash from Financing: -175
: -9
Free Cash Flow: 176
OCF / Net Profit: 2.71
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.71
Cumulative 5-Year FCF: 0

Mar 2019

: 74
Cash from Investing: -31
Cash from Financing: -48
: -4
Free Cash Flow: 53
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0

Mar 2020

: 189
Cash from Investing: -54
Cash from Financing: -141
: -6
Free Cash Flow: 147
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 277
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 277

Mar 2021

: 82
Cash from Investing: -17
Cash from Financing: 1
: 66
Free Cash Flow: 52
OCF / Net Profit: 0.81
Cumulative 5-Year FCF: 492
OCF / Net Profit: 0.81
Cumulative 5-Year FCF: 492

Mar 2022

: 52
Cash from Investing: -89
Cash from Financing: 3
: -34
Free Cash Flow: -15
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 414
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 414

Mar 2023

: 143
Cash from Investing: -107
Cash from Financing: 29
: 65
Free Cash Flow: 76
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 314
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 314

Mar 2024

: 58
Cash from Investing: -96
Cash from Financing: 28
: -11
Free Cash Flow: 12
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: 272
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: 272

Mar 2025

: 288
Cash from Investing: -499
Cash from Financing: 242
: 31
Free Cash Flow: 179
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 304
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 304

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	443.50	2545.50	180.60	216.10	243.26	134.76	29.26	47.98	18.93	24.90
Book Value (₹)	3636.50	7078.50	577.74	808.33	1052.40	753.83	294.31	342.46	93.82	142.54
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.50	0.80
Cash EPS (₹)	191.00	775.40	50.59	57.95	63.66	35.64	9.18	13.61	22.98	29.09
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	13.60%	13.66%	12.62%	15.36%	16.18%	14.14%	11.52%	12.20%	13.57%	14.21%
Net Margin %	2.66%	3.83%	4.15%	4.84%	5.56%	4.73%	2.85%	3.47%	5.76%	6.30%
ROE %	24.21%	47.51%	39.48%	31.18%	26.15%	20.15%	10.73%	15.10%	24.15%	21.74%
ROCE %	10.81%	24.51%	30.90%	36.95%	33.63%	30.00%	21.54%	26.84%	35.44%	35.49%
	1.21%	3.42%	4.70%	5.36%	5.39%	4.85%	2.64%	3.47%	5.79%	6.12%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	282	167	162	143	106	83	89	74	75	81
Inventory Days	124	63	51	46	48	42	40	34	31	31
Payable Days	379	174	109	114	166	162	159	124	128	152
	26	56	104	75	-12	-37	-30	-16	-23	-40
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	7.10x	3.75x	1.57x	1.26x	0.84x	0.75x	0.70x	0.77x	0.55x	0.34x
Interest Coverage (x)	1.07x	1.56x	2.02x	2.10x	1.83x	1.98x	1.66x	1.80x	2.30x	2.58x
	1.00x	1.09x	1.17x	1.17x	1.16x	1.22x	1.19x	1.18x	1.24x	1.31x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	428.04%	298.33%	37.57%	2.62%	-2.01%	17.30%	8.07%	35.34%	29.35%	30.20%
Operating Profit Growth %	635.37%	299.93%	27.12%	24.88%	3.25%	2.54%	-11.97%	43.35%	60.13%	34.95%
Net Profit Growth %	1093.18%	473.96%	48.99%	19.66%	12.57%	-0.16%	-34.85%	64.61%	114.50%	42.48%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-60.54%	31.55%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	18.57x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	3.24x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.72x	7.50x

Mar 2016

EPS (₹): 443.50
Book Value (₹): 3636.50
Dividend per Share (₹): 0.00
Cash EPS (₹): 191.00
Operating Margin %: 13.60%
Net Margin %: 2.66%
ROE %: 24.21%
ROCE %: 10.81%
: 1.21%
Debtor Days: 282
Inventory Days: 124
Payable Days: 379
: 26
Debt to Equity (x): 7.10x
Interest Coverage (x): 1.07x
: 1.00x
Revenue Growth %: 428.04%
Operating Profit Growth %: 635.37%
Net Profit Growth %: 1093.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 2545.50
Book Value (₹): 7078.50
Dividend per Share (₹): 0.00
Cash EPS (₹): 775.40
Operating Margin %: 13.66%
Net Margin %: 3.83%
ROE %: 47.51%
ROCE %: 24.51%
: 3.42%
Debtor Days: 167
Inventory Days: 63
Payable Days: 174
: 56
Debt to Equity (x): 3.75x
Interest Coverage (x): 1.56x
: 1.09x
Revenue Growth %: 298.33%
Operating Profit Growth %: 299.93%
Net Profit Growth %: 473.96%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 180.60
Book Value (₹): 577.74
Dividend per Share (₹): 0.00
Cash EPS (₹): 50.59
Operating Margin %: 12.62%
Net Margin %: 4.15%
ROE %: 39.48%
ROCE %: 30.90%
: 4.70%
Debtor Days: 162
Inventory Days: 51
Payable Days: 109
: 104
Debt to Equity (x): 1.57x
Interest Coverage (x): 2.02x
: 1.17x
Revenue Growth %: 37.57%
Operating Profit Growth %: 27.12%
Net Profit Growth %: 48.99%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 216.10
Book Value (₹): 808.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 57.95
Operating Margin %: 15.36%
Net Margin %: 4.84%
ROE %: 31.18%
ROCE %: 36.95%
: 5.36%
Debtor Days: 143
Inventory Days: 46
Payable Days: 114
: 75
Debt to Equity (x): 1.26x
Interest Coverage (x): 2.10x
: 1.17x
Revenue Growth %: 2.62%
Operating Profit Growth %: 24.88%
Net Profit Growth %: 19.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 243.26
Book Value (₹): 1052.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 63.66
Operating Margin %: 16.18%
Net Margin %: 5.56%
ROE %: 26.15%
ROCE %: 33.63%
: 5.39%
Debtor Days: 106
Inventory Days: 48
Payable Days: 166
: -12
Debt to Equity (x): 0.84x
Interest Coverage (x): 1.83x
: 1.16x
Revenue Growth %: -2.01%
Operating Profit Growth %: 3.25%
Net Profit Growth %: 12.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 134.76
Book Value (₹): 753.83
Dividend per Share (₹): 0.00
Cash EPS (₹): 35.64
Operating Margin %: 14.14%
Net Margin %: 4.73%
ROE %: 20.15%
ROCE %: 30.00%
: 4.85%
Debtor Days: 83
Inventory Days: 42
Payable Days: 162
: -37
Debt to Equity (x): 0.75x
Interest Coverage (x): 1.98x
: 1.22x
Revenue Growth %: 17.30%
Operating Profit Growth %: 2.54%
Net Profit Growth %: -0.16%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 29.26
Book Value (₹): 294.31
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.18
Operating Margin %: 11.52%
Net Margin %: 2.85%
ROE %: 10.73%
ROCE %: 21.54%
: 2.64%
Debtor Days: 89
Inventory Days: 40
Payable Days: 159
: -30
Debt to Equity (x): 0.70x
Interest Coverage (x): 1.66x
: 1.19x
Revenue Growth %: 8.07%
Operating Profit Growth %: -11.97%
Net Profit Growth %: -34.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 47.98
Book Value (₹): 342.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.61
Operating Margin %: 12.20%
Net Margin %: 3.47%
ROE %: 15.10%
ROCE %: 26.84%
: 3.47%
Debtor Days: 74
Inventory Days: 34
Payable Days: 124
: -16
Debt to Equity (x): 0.77x
Interest Coverage (x): 1.80x
: 1.18x
Revenue Growth %: 35.34%
Operating Profit Growth %: 43.35%
Net Profit Growth %: 64.61%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 18.93
Book Value (₹): 93.82
Dividend per Share (₹): 1.50
Cash EPS (₹): 22.98
Operating Margin %: 13.57%
Net Margin %: 5.76%
ROE %: 24.15%
ROCE %: 35.44%
: 5.79%
Debtor Days: 75
Inventory Days: 31
Payable Days: 128
: -23
Debt to Equity (x): 0.55x
Interest Coverage (x): 2.30x
: 1.24x
Revenue Growth %: 29.35%
Operating Profit Growth %: 60.13%
Net Profit Growth %: 114.50%
: -60.54%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.72x

Mar 2025

EPS (₹): 24.90
Book Value (₹): 142.54
Dividend per Share (₹): 0.80
Cash EPS (₹): 29.09
Operating Margin %: 14.21%
Net Margin %: 6.30%
ROE %: 21.74%
ROCE %: 35.49%
: 6.12%
Debtor Days: 81
Inventory Days: 31
Payable Days: 152
: -40
Debt to Equity (x): 0.34x
Interest Coverage (x): 2.58x
: 1.31x
Revenue Growth %: 30.20%
Operating Profit Growth %: 34.95%
Net Profit Growth %: 42.48%
: 31.55%
P/E (x): 18.57x
P/B (x): 3.24x
Dividend Yield %: 0.17%
: 7.50x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2022	Mar 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	92.80	92.43	71.12	71.12	71.12	71.12	71.12	71.12	71.12
	0.00	0.00	1.00	0.61	1.43	1.16	1.13	2.17	2.49
	4.86	4.84	14.99	13.92	12.44	8.41	8.21	8.14	6.51
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.34	2.73	12.90	14.35	15.02	19.31	19.55	18.57	19.88

Mar 2022

: 92.80
: 0.00
: 4.86
Government: 0.00
: 2.34

Mar 2023

: 92.43
: 0.00
: 4.84
Government: 0.00
: 2.73

Dec 2024

: 71.12
: 1.00
: 14.99
Government: 0.00
: 12.90

Mar 2025

: 71.12
: 0.61
: 13.92
Government: 0.00
: 14.35

Jun 2025

: 71.12
: 1.43
: 12.44
Government: 0.00
: 15.02

Sep 2025

: 71.12
: 1.16
: 8.41
Government: 0.00
: 19.31

Dec 2025

: 71.12
: 1.13
: 8.21
Government: 0.00
: 19.55

Mar 2026

: 71.12
: 2.17
: 8.14
Government: 0.00
: 18.57

Jun 2026

: 71.12
: 2.49
: 6.51
Government: 0.00
: 19.88

Documents

Announcements

Appointment
2026-08-14 - Transrail Lighting Limited has informed the Exchange regarding Appointment of Ms. Ranjana Maitra as an additional Non- Executive Independent Director of the company w.e.f. August 13, 2026.
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Transrail Lighting Limited has informed the Exchange about Transcript

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Credit Rating- Revision
2026-08-04 - Transrail Lighting Limited has informed the Exchange about Credit Rating- upgrade in Credit Rating under Regulation 30 of SEBI Listing Regulations

Concalls

Aug 2026
Transcript PPTREC
Jul 2026
TranscriptPPTREC
Jun 2026
TranscriptPPTREC