| Market Cap | ₹6,051.59 CrGeneral Industrials |
|---|---|
| PE TTM | 14.94xIndustry: 64.69x |
| Promoter Holding | 71.12%Latest Qtr |
| Deal value | ₹927 Cr |
| Share of market cap | 15.3% |
| Share of annual revenue | 13.3% |
Key highlights
- Fresh orders valued at ₹927 crore secured for Domestic Power T&D and exports
- Scope includes 765kV and 400kV domestic transmission line EPC projects
- International segment includes conductor supply orders for the USA market
- Company has declared orders exceeding ₹2,300 crore in the last three weeks
- Year-to-date order intake for FY27 has now reached ₹3,356 crore
Domestic T&D Momentum and USA Export Wins
Transrail Lighting has announced the acquisition of fresh orders worth ₹927 crore, primarily strengthening its Domestic Power Transmission and Distribution (T&D) business. These projects focus on high-capacity 765kV and 400kV domestic transmission lines, which are critical for India's evolving power grid infrastructure. Beyond the domestic market, the company has also secured conductor supply orders for the USA, highlighting its expanding international footprint.
This latest win is significant as it constitutes approximately 15.3% of Transrail's market capitalization and 13.3% of its trailing twelve-month (TTM) revenue of ₹6,956.29 crore, underscoring the company's competitive positioning in the EPC space.
Robust Order Book and Execution Pipeline
- Year-to-date order intake for FY27 has reached ₹3,356 crore as of October 21, 2026
- Declared order wins in the last 21 days alone have surpassed the ₹2,300 crore mark
- Recent wins include a ₹408 crore MENA region GIS substation project announced on October 14
- Lowest-bidder (L1) pipeline stood at ₹694 crore as of September 30, 2026
- Management has previously guided for a full-year order intake target exceeding ₹10,000 crore
Leveraging In-House Manufacturing Capabilities
Our ability to secure complex transmission EPC projects, backed by our in-house tower and conductor manufacturing capabilities, remains a key differentiator. With a strong foothold in the domestic market and an expanding international business, we are focused on building a well-diversified business across our products and services.
Financial Performance and Strategic Expansions
In the most recent quarter ended June 30, 2026, Transrail reported operating revenue of ₹1,736.03 crore and a net profit of ₹107.88 crore, maintaining an operating profit margin of 11.65%. The company continues to trade at a TTM P/E ratio of 14.94x, notably lower than the industry average of 64.69x. Strategically, the company is diversifying its portfolio, having recently approved a board resolution on October 19, 2026, to acquire a 49% equity stake in NOPL Pace Green Energy, a solar SPV.
This move, expected to conclude within 180 days, aligns with Transrail's broader focus on the renewable and power infrastructure sectors.
| Date | Announcement | Amount |
|---|---|---|
| 14 Oct 2026 | Secured orders including a greenfield GIS substation EPC project in the MENA region and domestic contractsSource: BSE filing | ₹408.00 Cr |
| 06 Oct 2026 | Secured domestic T&D orders primarily for transmission line reconductoring using HTLS conductorsSource: BSE filing | ₹412.00 Cr |
| 30 Sep 2026 | Secured domestic T&D orders including a transmission line EPC for a private developer, HTLS reconductoring, and polesSource: BSE filing | ₹574.00 Cr |
| 26 Jun 2026 | Secured international T&D EPC orders for transmission line construction in the MENA regionSource: BSE filing | ₹459.00 Cr |
| 02 Jun 2026 | Secured orders across T&D, civil construction, and poles including a 500 kV HVDC transmission lineSource: powerpeakdigest.com | ₹575.00 Cr |
| 08 Dec 2025 | Secured EPC contracts including a turnkey 400 kV transmission line project in the GCC region, civil works, and polesSource: powerpeakdigest.com | ₹822.00 Cr |
What to watch next
- Completion of the 49% stake acquisition in NOPL Pace Green Energy within the next 180 days
- Status update on the conversion of the ₹694 crore L1 pipeline into firm orders
- Quarterly financial results announcement for the period ending September 30, 2026
- Execution progress on 765kV domestic transmission line projects through the second half of FY27
“The strong momentum in our order inflows underscores Transrail’s growing scale and competitiveness in the power T&D sector.”
| Share price | ₹450.75 |
|---|---|
| Market capitalisation | ₹6,051.59 Cr |
| Revenue (annual) | ₹6,880.11 Cr |
| Net profit (annual) | ₹403.59 Cr |
| Revenue (latest quarter) | ₹1,736.03 Cr-6.84% vs previous quarter |
| Net profit (latest quarter) | ₹107.88 Cr+11.79% vs previous quarter |
| P/E (TTM) | 14.94×Sector 51.6× |
| Promoter holding | 71.12%0.00% QoQ |
| FII holding | 1.85%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Transrail Lighting Limited announcing order wins worth ₹927 crore and update on order momentum. Market figures from a third-party data provider.
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