Transrail Lighting Limited

BSE: TRANSRAILL544317ISIN INE454P01035

Industrials
Heavy Electrical Equipment
BSE 1000

Share price

₹454.60+12.65 (+2.86%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹724.10
52W low: ₹401.00
Off 52W high: -37.22%
1M return: -1.78%
3M return: -8.94%
6M return: -22.54%
1Y return: -35.99%
20D avg volume: 56,802
50 DMA: ₹446.88
200 DMA: ₹497.61

Key ratios Consolidated

Market cap: ₹6,115 Cr
Current price: ₹454.60
52W high / low: ₹724.10 / ₹401.00
Face value: ₹2.00
P/E: 14.60
P/B: 2.50
EPS (TTM): ₹31.14
Book value / share: ₹181.97
ROE: —
ROCE: 31.90%
Operating margin: —
Net margin: —
Debt / equity: 0.29
Net debt: ₹274.16 Cr
Interest cover: 3.59
Dividend yield: 1.10%
Dividend / share (TTM): ₹5.00
Payout: 16.06%
Cash conversion cycle: -14.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q4 FY24
Income statement
	2,056	1,736	1,863	1,796	1,561	1,660	1,946	1,340	1,088	—
	13.47	16.63	10.56	12.77	13.99	11.40	14.65	26.41	7.66	—
	2,070	1,753	1,874	1,809	1,575	1,671	1,961	1,367	1,096	—
	1,913	1,609	1,727	1,641	1,452	1,525	1,785	1,241	1,010	—
	1,046	921.94	977.56	723.72	707.05	801.86	911.84	677.04	545.48	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	98.29	86.58	83.36	82.70	81.15	78.81	71.93	61.57	70.18	—
	73.38	55.72	54.03	54.75	60.33	49.55	59.11	48.59	46.17	—
	19.93	19.49	19.59	17.36	14.80	14.62	16.22	14.19	13.40	—
	629.60	584.30	622.91	695.78	641.15	698.30	693.56	221.81	209.14	—
	156.89	143.69	146.79	167.80	122.72	146.08	175.36	125.75	86.45	—
	0.00	0.00	0.00	-17.38	0.00	0.00	0.00	0.00	0.23	—
	156.89	143.69	146.79	150.42	122.72	146.08	175.36	125.75	86.68	—
	54.15	36.13	47.00	41.55	34.04	41.01	50.18	33.00	31.57	—
	103.94	107.88	96.50	109.74	90.98	105.82	126.57	93.24	55.11	—
	7.74	8.04	7.19	8.17	6.78	7.88	9.97	7.48	4.40	—
Key metrics
	250.20	218.90	220.41	222.53	197.85	210.25	250.69	188.53	146.25	—
	12.20%	12.60%	11.80%	12.40%	12.70%	12.70%	12.90%	14.10%	13.40%	—
	5.10%	6.20%	5.20%	6.10%	5.80%	6.40%	6.50%	7.00%	5.10%	—
	8.80%	—	8.20%	—	8.20%	—	11.70%	—	—	—
	31.70%	4.60%	-4.20%	34.00%	43.40%	—	—	—	—	—
	14.20%	1.90%	-23.80%	17.70%	65.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	7,452	6,880	5,308	—
	53.43	48.72	45.45	—
	7,505	6,929	5,353	—
	6,890	6,345	4,889	—
	3,669	3,210	2,615	—
	0.00	0.00	0.00	—
	350.93	326.02	258.86	—
	237.88	218.67	197.74	—
	76.37	66.37	56.48	—
	2,533	2,658	1,807	—
	615.17	583.39	464.59	—
	-17.38	-17.38	0.00	—
	597.79	566.01	464.59	—
	178.83	163.04	140.50	—
	418.06	403.59	326.63	—
	31.14	30.06	25.72	—
Key metrics
	912.04	851.05	718.81	—
	12.24%	12.40%	13.50%	—
	5.61%	5.90%	6.20%	—
	—	31.90%	33.10%	—
	14.51%	29.60%	—	—
	0.35%	23.60%	—	—
	—	394.17	145.49	—
	—	1.59	0.88	—
	—	0.29	0.34	—
	—	274.16	502.01	—
	—	-14.9	-33.2	—
Balance sheet
	—	7,354	6,233	—
	—	6,426	5,551	—
	—	385.24	141.45	—
	—	1,738	1,317	—
	—	763.04	539.03	—
	—	3,002	3,034	—
	—	582.24	408.11	—
	—	2,782	2,340	—
	—	4,897	4,234	—
	—	659.40	643.46	—
	—	570.87	604.93	—
	—	88.53	38.53	—
	—	2,281	1,881	—
Cash flow
	—	642.92	287.31	—
	—	-208.78	-497.64	—
	—	-190.35	241.93	—
	—	248.75	141.82	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q4 FY24
Income statement
	2,057	1,734	1,863	1,795	1,565	1,655	1,946	1,340	1,088	—
	13.74	17.37	10.15	13.38	14.56	11.97	16.03	27.07	8.20	—
	2,071	1,751	1,873	1,809	1,579	1,667	1,962	1,367	1,097	—
	1,912	1,604	1,727	1,638	1,455	1,518	1,787	1,237	1,007	—
	1,046	921.92	977.58	723.72	707.04	801.87	911.84	677.04	545.48	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	97.44	85.92	82.65	81.92	80.22	77.77	71.35	61.05	69.84	—
	73.41	55.70	54.03	54.76	60.33	49.55	59.11	48.58	46.17	—
	19.75	19.36	19.46	17.18	14.69	14.58	16.14	14.12	13.34	—
	629.88	580.58	623.03	693.79	644.76	691.75	696.23	219.25	207.83	—
	158.85	146.68	146.94	170.84	124.41	149.75	174.69	130.57	89.29	—
	0.00	0.00	0.00	-17.38	0.00	0.00	0.00	—	—	—
	158.85	146.68	146.94	153.46	124.41	149.75	174.69	130.57	89.29	—
	54.15	36.13	46.92	41.56	34.04	41.00	50.08	33.00	31.57	—
	104.70	110.55	100.02	111.90	90.37	108.75	124.61	97.57	57.72	—
	7.80	8.23	7.45	8.33	6.73	8.10	9.81	7.83	4.65	—
Key metrics
	252.01	221.74	220.43	225.40	199.43	213.88	249.94	193.27	148.80	—
	12.20%	12.80%	11.80%	12.60%	12.70%	12.90%	12.80%	14.40%	13.70%	—
	5.10%	6.40%	5.40%	6.20%	5.80%	6.60%	6.40%	7.30%	5.30%	—
	8.70%	—	8.00%	—	8.20%	—	11.50%	—	—	—
	31.50%	4.70%	-4.20%	34.00%	43.80%	—	—	—	—	—
	15.90%	1.70%	-19.70%	14.70%	56.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	7,450	6,879	5,308	—
	54.64	50.07	48.01	—
	7,504	6,929	5,356	—
	6,881	6,337	4,881	—
	3,669	3,210	2,615	—
	0.00	0.00	0.00	—
	347.93	322.55	256.96	—
	237.90	218.67	197.74	—
	75.75	65.92	56.24	—
	2,527	2,653	1,801	—
	623.31	591.97	474.74	—
	-17.38	-17.38	0.00	—
	605.93	574.59	474.74	—
	178.76	162.96	140.40	—
	427.17	411.63	334.34	—
	31.81	30.66	26.33	—
Key metrics
	919.58	859.18	728.72	—
	12.34%	12.50%	13.70%	—
	5.73%	6.00%	6.30%	—
	—	31.60%	33.10%	—
	14.50%	29.60%	—	—
	1.39%	23.10%	—	—
	—	396.20	147.59	—
	—	1.57	0.86	—
	—	0.28	0.34	—
	—	276.73	503.30	—
	—	-15.2	-33.7	—
Balance sheet
	—	7,405	6,271	—
	—	6,432	5,553	—
	—	382.66	140.16	—
	—	1,739	1,317	—
	—	762.48	537.67	—
	—	3,013	3,041	—
	—	580.93	406.80	—
	—	2,789	2,345	—
	—	4,896	4,237	—
	—	659.39	643.46	—
	—	570.86	604.93	—
	—	88.53	38.53	—
	—	2,332	1,916	—
Cash flow
	—	644.49	288.28	—
	—	-211.64	-499.42	—
	—	-190.35	241.94	—
	—	248.29	140.69	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +14.50%
Profit YoY (TTM): +1.39%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +14.51%
Profit YoY (TTM): +0.35%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.12%

Quarter	September 2026	June 2026
Promoter %	71.12%	71.12%

Holder	Type	Holding	Previous	Change
Ajanma Holdings Private Limited	Promoter	69.91%	69.91%	0.00%
Asiana Fund I	Public	3.37%	3.37%	0.00%
Canara Bank	Public	1.50%	—	—
Digambar Chunilal Bagde	Promoter	0.67%	0.67%	0.00%
Sandhya Digambar Bagde	Promoter Group	0.50%	0.50%	0.00%
Sanjay Kumar Verma	Promoter	0.04%	0.04%	0.00%
Skytex Unmanned Aerial Solutions Private Limited	Promoter Group	0.00%	0.00%	0.00%
Meenakshi Koul	Promoter Group	0.00%	0.00%	0.00%
Chanderkala Koul	Promoter Group	0.00%	0.00%	0.00%
Global Axe Investment Fund	Promoter Group	0.00%	0.00%	0.00%
Anika Verma	Promoter Group	0.00%	0.00%	0.00%
Vardhan Verma	Promoter Group	0.00%	0.00%	0.00%
Harsh Digambar Bagde	Promoter Group	0.00%	0.00%	0.00%
Pradeep Kumar Verma	Promoter Group	0.00%	0.00%	0.00%
Vijay Koul	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bharat Heavy Electricals Ltd.	1,47,639	424.00	51.29	6.50%	+29.08% TTM	+415.37% TTM	+58.68%
ABB India Limited S	1,43,123	6,754.00	46.67	—	+7.92% TTM	+66.43% TTM	+28.89%
CG Power and Industrial Solutions Limited	1,32,631	841.85	97.18	19.30%	+23.76% TTM	+28.33% TTM	+12.62%
HITACHI ENERGY INDIA LIMITED S	1,29,262	29,000.40	112.37	24.90%	+40.17% TTM	+127.73% TTM	+41.26%
Siemens Ltd.	1,25,176	3,515.00	42.11	20.80%	—	—	+12.74%
GE Vernova T&D India Limited S	1,09,206	4,265.10	76.00	58.50%	+41.34% TTM	+56.22% TTM	+35.57%
Siemens Energy India Limited S	1,05,412	2,960.00	70.85	26.10%	—	—	-8.69%
SUZLON ENERGY LTD.	51,481	37.45	22.79	27.00%	+33.90% TTM	-28.79% TTM	-37.58%
Thermax Ltd.	39,095	3,280.95	66.19	15.40%	+4.68% TTM	-11.68% TTM	+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S	27,448	1,147.95	149.28	24.90%	+9.56% TTM	-29.50% TTM	+28.95%
TD Power Systems Ltd	23,403	728.05	85.10	30.30%	+54.29% TTM	+45.27% TTM	+77.57%
Azad Engineering Limited	16,664	2,580.35	119.64	11.50%	+28.72% TTM	+40.92% TTM	+55.76%
Triveni Turbine Limited	15,868	499.15	47.21	32.00%	+17.70% TTM	-1.90% TTM	-6.73%
KARAMTARA ENGINEERING LIMITED	12,315	382.65	—	—	+36.52% FY26	+64.18% FY26	—
Atlanta Electricals Limited	11,643	1,514.10	51.86	34.60%	—	—	+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED	11,249	1,452.55	50.36	27.30%	+89.92% TTM	+82.64% TTM	+50.72%
Inox Wind Limited	10,986	63.57	26.34	10.40%	+17.10% TTM	-14.81% TTM	-58.92%
VOLTAMP TRANSFORMERS LIMITED S	10,133	10,015.35	31.34	22.30%	+22.89% TTM	-1.63% TTM	+35.97%
Elecon Engineering Co.Ltd.	9,841	438.55	40.22	18.60%	+2.58% TTM	-52.69% TTM	-22.35%
Transformers and Rectifiers (India) Limited	9,527	317.40	30.44	25.40%	+27.23% TTM	+23.01% TTM	-24.26%
Kanohar Electricals Limited S	8,509	941.15	—	—	—	—	—
Skipper Limited	6,581	538.95	26.79	22.20%	+16.04% TTM	+47.75% TTM	+4.65%
Powerica Ltd.	6,316	499.05	—	11.20%	—	—	—
Transrail Lighting Limited	6,115	454.60	14.60	31.90%	+14.51% TTM	+0.35% TTM	-35.99%
GE Power India Limited	4,196	624.10	15.45	47.60%	+18.73% TTM	+9.86% TTM	+106.66%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Link of Recording of Earnings call on Unaudited Financial Results for quarter and half year ended September 30, 20264 Nov 2026 · Company Update / Analyst / Investor Meet
Submission of Monitoring Agency Report for the quarter ended September 30, 20264 Nov 2026 · Company Update / Monitoring Agency Report
Submission of Investor Presentation for the Unaudited Financial Results for the quarter and half year ended September 30, 2026.3 Nov 2026 · Company Update / Investor Presentation
Submission of Press Release for the Unaudited Financial Results for the quarter and half year ended September 30, 20263 Nov 2026 · Company Update / Press Release / Media Release
Change in Management considered in the Board Meeting held on November 3, 20263 Nov 2026 · Company Update / Change in Management
Outcome of Board Meeting3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Earnings call is scheduled on Wednesday, November 4, 2026, at 12:30 P.M. IST, for Unaudited Financial Results for the quarter and half ended September 30, 202629 Oct 2026 · Company Update / Analyst / Investor Meet
Transrail Lighting Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Unaudited Financial ....27 Oct 2026 · Board Meeting / Board Meeting
Submission of Press Release for Order Wins21 Oct 2026 · Company Update / Press Release / Media Release
Transrail to enter renewable power generation through proposed 49% investment in 990 MW solar portfolio in Maharashtra19 Oct 2026 · Company Update / Press Release / Media Release
The Board has approved Acquisition of 49% equity stake in NOPL Pace Green Energy Private Limited19 Oct 2026 · Others / Outcome without intimation
Submission of Press Release for Order Wins14 Oct 2026 · Company Update / Press Release / Media Release
Submission of Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 201813 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Allotment of Equity shares upon exercise of options issued under ESOP 2023 Scheme9 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Submission of Press Release for Order Wins6 Oct 2026 · Company Update / Press Release / Media Release
Intimation for enhancement of tower manufacturing capacity30 Sep 2026 · Company Update / Press Release / Media Release
Submission of Press Release for Order Wins30 Sep 2026 · Company Update / Press Release / Media Release
Submission of Voting Results and Scrutinizer''s Report29 Sep 2026 · AGM/EGM / AGM
Submission of proceedings of 19th Annual General Meeting of the Company28 Sep 2026 · AGM/EGM / AGM
Intimation of closure of Trading Window for Unaudited Financial Results for Quarter and half year ended September 30, 202625 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of intimation under Regulation 30- Enhancement of conductor manufacturing capacity21 Sep 2026 · Company Update / General
Intimation regarding Investors/Analysts Meeting scheduled on September 21, 202615 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Investors/Analysts Meetings scheduled on September 18, 202615 Sep 2026 · Company Update / Analyst / Investor Meet
Submission of Outcome of Postal Ballot - Voting Results along with the Scrutinizer''s Report.11 Sep 2026 · AGM/EGM / Postal Ballot
Submission of Copy of Newspaper Publication regarding information relating to e-voting instructions for 19th Annual General Meeting3 Sep 2026 · Company Update / Newspaper Publication
Communication to Shareholders - Intimation on Tax Deduction on Final Dividend for FY 2025-262 Sep 2026 · Company Update / General
Submission of Annual Report FY 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Copy of Newspaper Publication for Intimation of Annual General Meeting and record date for final dividend for financial year 2025-26.25 Aug 2026 · Company Update / Newspaper Publication
Intimation of Record date for final dividend for FY 2025-26.24 Aug 2026 · Corp. Action / Record Date
Appointment of Ms. Ranjana Maitra as an additional Non-Executive Independent Director of the Company w.e.f. August 13, 202614 Aug 2026 · Company Update / Change in Management
Submission of Earning Call Transcript convened on August 7, 202612 Aug 2026 · Company Update / Earnings Call Transcript
Submission of Monitoring Agency for the quarter ended June 30, 202612 Aug 2026 · Company Update / Monitoring Agency Report
Copy of Newspaper Publication of Postal Ballot Notice 02/2026-2711 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed copies of newspaper publication in respect of unaudited results for the quarter ended June 2026.10 Aug 2026 · Company Update / Newspaper Publication
Submission of Notice of Postal Ballot 02/2026-2710 Aug 2026 · AGM/EGM / Postal Ballot
Link of recording of Earnings Call held on August 7, 20267 Aug 2026 · Company Update / Analyst / Investor Meet
Revised Presentation for Earnings call which is scheduled on August 7, 2026 for UFR for the quarter ended June 30, 20267 Aug 2026 · Company Update / Investor Presentation
Presentation for Earnings Call which is scheduled on Friday , August 7 2026 for UFR for quarter ended June 30, 20266 Aug 2026 · Company Update / Investor Presentation
PRESS RELEASE for Unaudited Results for quarter ended June 30, 20266 Aug 2026 · Company Update / Press Release / Media Release
The Board of Directors of the Company approved the re-appointment of Executive Chairman and noted cessation of Independent Director.6 Aug 2026 · Company Update / Change in Management

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	11 Sep 2026	11 Sep 2026	—
Interim Dividend - Rs. - 3.0000	3 Aug 2026	3 Aug 2026	—
Final Dividend - Rs. - 0.8000	4 Sep 2025	5 Sep 2025	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results