TRANSRAILLCapital Goods

Transrail Lighting Limited

Heavy Electrical Equipment · ISIN INE454P01035 · BSE 544317 · NSE EQ · FV ₹2
Last price
₹454
+2.75%today
What this company does

Transrail Lighting Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹2,056 cr of revenue in its latest quarter (Q2 FY27) and kept 5.1% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 19–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet19

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Valuation67

What today's price implies, against our models or its peers

Governance & risk79

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 32% vs last year
✓ Profit up 14% vs last year
✓ Promoters hold 71%
✓ Strong 17% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 5.1% net margin
! 6.0% of promoter stake pledged

What if I invest in TRANSRAILL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹454▲ +2.75%
latest close · 2026-11-04
52-wk low ₹40174 sessions so far52-wk high ₹508
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.7Low
LowAverageHigh
P/B ratio2.50Moderate
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.0%Strong
WeakFairStrong ▸15%
Return on capital35.2%Strong
WeakFairStrong
Net margin5.1%Decent
ThinDecentStrong
EBITDA margin12.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.31Comfortable
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.32Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,098 cr
Book value
₹182
EPS
₹7.74
latest quarter
Net debt
₹143 cr
owes more than its cash
Enterprise value
₹6,241 cr
EBITDA
₹1,001 cr
annualised
EBIT
₹921 cr
annualised
Operating margin
11.2%
Return on assets
5.3%
Earnings yield
6.82%
P/S
0.74
Sales / share
₹612.7
Tax rate
34.5%
Face value
₹2
Shares
13.4 cr
Working capital
₹1,683 cr
Current assets
₹6,896 cr
Current liabilities
₹5,213 cr
Delivery %
35.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹238 vs market price ₹454 — price is 91% above it
Safety cushion-90.9%(target ≥ +20%)
Models span ₹230–₹246, midpoint ₹238
Model ₹238
Price ₹454
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹2,056 cr
Other Income₹13 cr
Total Income₹2,070 cr
Cost of Materials₹1,046 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹46 cr
Employee Benefit Expense₹98 cr
Finance Costs₹73 cr
Depreciation & Amortisation₹20 cr
Other Expenses₹630 cr
Total Expenses₹1,913 cr
Profit before Tax₹157 cr
Tax Expense₹54 cr
Share of JV / Associates₹1 cr
Net Profit₹104 cr
Net margin on total income5.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1,092 cr52.7%
Employee benefit expense₹98 cr4.7%
Finance costs₹73 cr3.5%
Depreciation & amortisation₹20 cr1.0%
Other expenses₹630 cr30.4%
Tax expense₹54 cr2.6%
Profit for the period₹104 cr5.0%
Total income ₹2,070 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,863 cr1,736 cr2,056 cr
Total income1,874 cr1,753 cr2,070 cr
Expenses1,727 cr1,609 cr1,913 cr
Profit before tax147 cr144 cr157 cr
Tax47 cr36 cr54 cr
Net profit (owners' share)97 cr108 cr104 cr
Net margin (owners' share, on revenue)5.2%6.2%5.1%
EPS (₹)7.198.047.74
YoY (latest quarter): total income +31.4% · net profit +14.2%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹7,827 cr
Shareholder equity
₹2,443 cr
parent shareholders
Total debt
₹751 cr
Cash
₹608 cr
Cash flow · H1 FY27
Operating
₹376 cr
Investing
₹-94 cr
Financing
₹-68 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,387₹7.53 L cr87.8
ABB India Limited₹6,605₹1.40 L cr94.6
Bharat Heavy Electricals Limited₹400₹1.39 L cr42.4
CG Power and Industrial Solutions Limited₹810₹1.28 L cr77.3
Hitachi Energy India Limited₹27,280₹1.22 L cr103.3
GE Vernova T&D India Limited₹4,050₹1.04 L cr60.1
Siemens Energy India Limited₹2,847₹1.01 L cr57.5
Suzlon Energy Limited₹36₹49,179 cr30.8
Thermax Limited₹3,151₹35,498 cr351.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.10%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹2
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹2 / share11 Sep 2026
Dividend₹3 / share3 Aug 2026
Dividend₹0.8 / share4 Sep 2025
Who owns it · 2026-09-30
⚑ 6.0% pledged
Promoter
71.1%
FII / Foreign
1.9%
DII / Domestic
6.0%
Retail / others
21.1%
Smart-money activity
Insider trades
SoldAsiana Fund · Other10,333 · ₹82.6 L19 Sep 25
SoldAsiana Fund I · Other3.58 L · ₹28.9 cr16 Sep 25
SoldAsiana Fund I · Other1.19 L · ₹9.5 cr15 Sep 25
Bulk / block deals
short— · NSE921 Oct 26
short— · NSE722 Sep 26
SoldQE SECURITIES LLP · NSE7.56 L @ ₹465.8122 Sep 26
Stake changes
SoldAsiana Fund I, a Scheme of Asiana Alternative Fund→ 3.38% · 27.02 L16 Sep 25
SoldAsiana Fund I, a Scheme of Asiana Alternative Fund→ 5.39% · 27.30 L9 Jun 25
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Sep 2026
See the official result
1
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
16.46 L votes for, 736 against · 0% of mutual funds and other big investors said no
2
To declare a Final dividend on Equity Shares at the rate of Rs. 2/- (Rupees Two) per Equity Share having face value of Rs. 2/- each for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
16.46 L votes for, 495 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. D. Suryanarayana (DIN: 07304786), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
16.46 L votes for, 973 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Dr. Indu Shekhar Jha (DIN: 00015615), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
16.45 L votes for, 1,163 against · 0% of mutual funds and other big investors said no
8
Re-Appointment of Mr. Digambar Chunnilal Bagde (DIN: 00122564) as Executive Chairman (in the capacity of a Whole Time Director) of the Company for a period of 1 year with effect from October 1, 2026
⚑ Passed only because promoters voted yes
Backed by 67% of shareholders other than promotersneeded 75%
11.11 L votes for, 5.36 L against · 36% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 27 named members
owning 71.1% between them · as of 2026-09-30
Ajanma Holdings Private Limited69.91%
Digambar Chunilal Bagde0.67%
Sandhya Digambar Bagde0.50%
Sanjay Kumar Verma0.04%
Anika Vermano shares
Burberry Infra Private Limitedno shares
Chanderkala Koulno shares
Digambar Bagde Ventures LLPno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.