Transmission and Distribution Sector – India’s power industry is diversified, with several sources of power generation such as coal, natural gas, oil, hydro, and nuclear power. Moreover, development in nonconventional sources such as wind, solar, and biomass is osberved. Moreover, there has been an increment in T&D Infrastructure in past few years and this is highly controlled by governemnt. There has been increasing momentum to concentrate on production of electricity from renewable energy sources. The government has talen various steps such as allowing foreign direct investment, relinquish of ISTS charges for wind power projects and inter-state solar, decising route for renewable purchase obligation (RPO), establishing ultra mega renweable energy parks, setting up new transmission lines and developing new substation, removal of renewable energy under green energy scheme corridor scheme, executing green hydrogen mission at domestic level, letter of credit to assure payment on time.
Transmission Infrastructure Growth – Strong generation capacity in past few years and the government’s vision is to concentrate on 100% rural electrification through last-mile connection has resulted huge expansion of T&D systems across India. The total length of transmission lines at national level increased from 413,407 circuit kilometres (ckm) in FY-19 to 471,341 ckm in FY-23. The transmission industry is important part of power sector, it needs to be given more preference to increase the demand of electricity and the rising electricity generation capacity.
The total transmission line length increased at a CAGR of 3.3% from FY-19 to FY-23 which has led by 6% CAGR in 765 KV lines which provides huge transfer capacity and less technical losses. The 800 kv lines showed huge development at a CAGR of 12.1% supported by central sector investments.
Railways – The basic mode of transportation in India is Railway. The total spending on construction in infrastructure division in FY-18 to 22 was Rs 23.4 trillion. Out of this, the roads industry made contribution of Rs 11.7 trillion, whereas contribution made by railways was Rs 3.3 trillion. Moreover investments in railway has increased to 17% CAGR from FY-18 to FY-22. Moreover, it is projected to grow at 2.1% the investments made by central government authorities. Huge valuable projects such as Mumbai-Ahmedabad bullet train and the reconstruction of freight corridors, gives importance on completion of DFC projects and investment in new direction such as Vande Bharat trains are main projects. The railways started the station redevelopment program and new cargo policy on 15th December 2021.
Poles and Lighting – With the changes in rural electrification programs and increase in middle class population, there is rise in demand of latest poles and lighting across country. The importance is given to energy savings, using cost-efficient technology modern systems to assure huge growth and development of modern and cost-efficient organizations. Segments such as solar lighting, high masts, and sports lighting are business verticals of outdoor lighting that are observing huge growth. Large Highways and expressways leads to main demand for high mast lighting in India. There are more than 20 expressways which has undergone planning stage and with construction of 5000 kms of highways every year from financial year 2023 to financial year 2028, the demand for high mast is projected to be encouraged by road segment. With growing sports infrastructure, the requirement of sports lighting has also observed a growth. The sports infrastructure in Indian has seen rapid growth due to increase in various sports events. In this article, we will learn interesting information about Transrail Lighting Ltd Share Price Target, market cap, ROCE, ROE, shareholding pattern, promoter, revenue, net profit, headquarters, and employees.
Transrail Lighting Ltd – Key Points
Name of the promoter
Ajanma Holdings Pvt. Ltd.
Industry
Engineering, Procurement, and Construction services (EPC)
Established
1981
Headquarters
Mumbai, India
Employees
1700
Transmission lines constructed
34,400 CKM
Distribution network created
30,000 CKM
Transrail Lighting Ltd – Statistics
Market cap
Rs 8,586 crores
ROCE
30.6%
ROE
21.6%
Stock PE
26.3 times
Book value
Rs 140
Face value
Rs 2
About Transrail Lighting Ltd
Transrail Lighting Ltd is top manufacturer of turnkey solutions provider with a rich experience of over 40 years. The company provides extensive solutions from conception to completion at world level with strong command in Substations, railways, Poles and Lighting, Civil Construction, Railways, Power transmission and distribution. The company has huge benefit of competition with its efficient manufacturing units for Conductors, Towers, and Poles systematically situated at various locations in India. The company has established geographical presence in 50+ countries in America, Africa, Europe, Asia. The CRISIL ratings has rated the company “CRISIL A/CRISIL A1” in its rating report of 12th July, 2022, and “INDRa A+ (Stable)/INDRa A1+ as per India Ratings and Research in its report presented on 14th July, 2022.
Our teams – The company has strong team which is backbone of any business enterprise. The company has amazing team of employees who gives priority to best quality, improvment and provide best quality results. The company consistently works in developing healthy environment and provides in-built training for business success and work constantly to offer innovative products and services. The company has a team of over 1700 employees and a talented team of operational, management, and technical experts who support the company’s growth.
Geographical Presence – The company provides best quality products across 58 countries. The business of company is located in various places and manufacturing capacity, the company has huge dedication to interconnect with multiple communities at world level. The company has consistently provided support to vast and diversified team members. The company has huge presence in international markets. At national level, the company established strong presence and executed projects in all parts of India.
Transrail in Numbers
The company has deep experience of over 40 years in providing extensive solutions from conception to completion.
The company is one of the top player in India in engineering, procurement, and construction (EPC) companies with basic focus on power transmission and distribution business and combined manufacturing units for lattices structures, monopoles, and conductors.
The company has 4 manufacturing units interconnected which includes one tower testing facility in India. The company has heavily made investment into backward integration by integrating manufacturing units for towers, poles, and conductors which encourages heavy operating margins.
The company provides extensive variety of services in EPC segment for its portfolio diversified for businesses like power transmission and distribution which includes specialized civil projects, substation projects, railway projects, poles and lightings.
The company has built 34,400 CKM transmission lines which includes more than 19,000 CKM of transmission lines which are higher than 132 kv and 30,000 CKM distribution lines and distributed more than 1.30 MMT of towers, 190,000 KMM of conductors and higher than 160,000 poles.
The company has strong orderbook of Rs 96,204.48 million with mix of national and global clients.
Business Verticals
Transmission and Distribution – The company has attained huge experience in offering design services with best results to assure sufficient power delivery. The engineering services fulfills the requirements of designing, managing high-voltage transmission lines, and constructing. The company also offers services in distribution networks by making sure to provide maximum output and cuts losses. The technical professionals assure that we can fulfill and cross the increasing requirements and supports sustainable growth. Moreover, the turnkey solutions remain at the centre of our journey, assuring that company fulfills clients requirements with huge dedication. The company has observed 43% year-on-year growth which is amazing revenue of Rs 1,333 crore from our national business. The company has achieved orders worth Rs 2,091 crores in past year which includes crucial projects such as 765kv and 400kv transmission line projects from improtant clients such as Power Grid Corporation of India, marquee privat developers, and state power utilities.
Moreover, the conductor manufacturing unit played important role as it fulfills various requirements. This includes from booking orders to distribution of HTLS conductors which need huge technological capacity that we can supply to our clients. Another goal the company has achieved was attaining order for a High-Voltage Composite Reinforced Core conductor with help of international EPC for Cameroon project.
The global business of company observed huge 37% year-on-year growth with revenues received form Africa and SAARC. This can be contributed to successful implementation of divisions such as distribution networks, power transmission lines, and substations and underground cabling. The company also provides is services to other grographical regions such as SEA, Europe, LAC, etc. The company has successfully completed projects in Bangladesh, Jordan, Thailand, Jogo. The company is looking for expanding its business and has secured orders worth Rs 1918 crores in countries such as Oman, Tanzania, Philippines, Cameroon, and Mozambique. The company offers EPC services in connection with air and gas-insulated substations. The company has vast execution profile for supplying monopoles and underground cabling.
Civil Construction – This includes professional skills in managing excavations, developing foundation, and structural construction that holds the amazing structural integrity and quality guidelines. The civil work projects are done for long-lasting and encourage the latest infrastructure requirements of developing urban cities. The comapny has achieved huge pride that it has pushed its business ahead compared to previous year. The company has achieved amazing 13% year-on-year growth with revenue of Rs 376 crores. The huge vision of company was to attain flyover construction project in Madhya Pradesh, Bhopal with a valuation fo Rs 215 crores. Moreover, there were amazing projects that were another achievement i.e. the Kosi River Project with a length of 10.2 km. Moreover, there in ongoing projects of cooling towers in Yadadri and Udangudi are doing well. It is important to note that the company has completed construction India’s second-tallest NDCT with a height of 199 meters.
Railways – The company provides complete railway infrastructure management such as electrification, signalling, communications, and laying track. The company has always given importance to safety and efficiency in terms of modernizing and updating modern railway networks. The strong team includes engineers manage modern engineering projects with one of the top project management capacity. The company manages to deliver projects that increase network and encourage economic development. The company has maintained strong command in railway business division by generating revenue of Rs 97 crores. The company manages railway electrification projects in M/S Rail Vikas Nigam Limited. The company has huge dedication to bring consistent improvement in railway infrastructure division.
Poles and Lighting – The company achieved amazing skills in manufacturing and deploying products such as street poles, high masts, power transmission, luminaries, power transmission and distribution monopoles, road gantries, stadium lighting, derrick structures, flag masts, signages, decorative poles, solar streetlights, etc. the company has attained successful revenue of Rs 193 crores compared to last year. The company has achieved lot of pride by providing huge contribution for building important projects such as Bullet train project, Mumbai city traffic lights, Athang tunnel, Atal Setu, and Samrudhhi Mahamarg.
Revenue and net profit
Particulars
FY-25 (Rs. in crores)
Sales
5,308
Expenses
4,634
EBITDA
673
Other income
48
Interest
198
Depreciation
56
Profit before tax
467
-Tax (%)
(30%)
Net profit
327
EPS in Rs.
24.33
Balance sheet (FY-25)
Liabilities
Rs
Assets
Rs
Equity Capital
27
Fixed Assets
425
Reserves
1,854
CWIP
12
Borrowings
661
Investments
0
Other Liabilities
3,691
Other Assets
5,795
Total Liabilities
6,233
Total Assets
6,233
Shareholding Pattern (March 2025)
Promoters
71.12%
FIIs
0.61%
DIIs
14.08%
Public
14.20%
Transrail Lighting Ltd – Watch Full video
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Transrail Lighting Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
640
676
712
2026
717
760
802
2027
810
864
918
2028
923
989
1055
2029
1062
1113
1164
2030
1242
1309
1375
2035
2485
2580
2675
2040
3727
3842
3957
Transrail Lighting Ltd Share Price Target – 2025
If market observes downward sentiments, the minimum projected price is anticipated to hit Rs 640. The average trading price is projected to hit Rs 676 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 712.
Transrail Lighting Ltd Share Price Target – 2026
If market observes downward signals, the minimum forecasted price is expected to hit Rs 717. The average trading price is projected to touch Rs 760 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 802.
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 810. The average trading price is projected to hit Rs 864 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to touch Rs 918.
If market observes bearish sentiments, the minimum projected price is expected to hit Rs 923. The average trading price is projected to hit Rs 989 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 1055.
If market observes downward sentiments, the minimum projected price is expected to hit Rs 1062. The average trading price is projected to hit Rs 1113 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 1164.
If market observes sentiments, the minimum projected price is anticipated to hit Rs1242. The average trading price is projected to hit Rs 1309 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 1375.
If market observes bearish sentiments, the minimum projected price is anticipated to hit Rs 2485. The average trading price is projected to hit Rs 2580 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 2675.
If market observes bearish sentiments, the minimum projected price is expected to hit Rs 3727. The average trading price is projected to hit Rs 3842 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 3957.
Q1) Who is the promoter of Transrail Lighting Ltd?
Ans – The promoter of Transrail Lighting Ltd is Ajanma Holdings Pvt. Ltd.
Q2) Who is the CFO of Transrail Lighting Ltd?
Ans – TheCFO of Transrail Lighting Ltd is Mr.Deepak Khandelwal.
Q3) Who are the competitors of Transrail Lighting Ltd?
Ans – Thecompetitors of Transrail Lighting Ltd are: Suzlon Energy, Siemens, BHEL, Hitachi Energy, CG Power & Industries, ABB.
Q4) Is Transrail Lighting Ltd a government company?
Ans – No, Transrail Lighting Ltd is not a government company. It is classified as a non-government companies and registered under the Registrar of Companies, Mumbai as Public Limited Company.
Q5) What does Transrail Lighting Ltd do?
Ans – The company is involved in the business of engineering, procurement, and construction (EPC) company that has achieved expertise in power transmission and distribution, civil construction, railways, and poles and lighting solutions.
Q6) What is the turnover of Transrail Lighting Ltd?
Ans – The turnover of Transrail Lighting Ltd in FY-20 was Rs 1,881 crores which has increased to Rs 5,308 crores in FY-25.
Q7) What is the debt of Transrail Lighting Ltd?
Ans – The Long-term debt of Transrail Lighting Ltd is Rs 39 crores and Short-term debt is Rs 605 crores. The cash and bank balance is Rs 621 crores.
Q8) Is Transrail Lighting Ltd a good share to buy?
Ans –Yes,Transrail Lighting Ltd is a good share to buy for long-term purposes. the net profit company in FY-20 was Rs 102 crores which has increased to Rs 327 crores in FY-25.
Q9) What is the previous name of Transrail Lighting Ltd?
Ans –The previous name of Transrail Lighting Ltd is Transrail Engineering Company.
