Transrail Lighting Ltd is an integrated transmission and distribution, and pole manufacturing company incorporated in 2008. The company operates as an Indian engineering, procurement and construction (EPC) company primarily focusing on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. With a track record of four decades in providing comprehensive solutions in the power transmission and distribution sector, the company has been a trusted and longstanding partner globally.
Transrail Lighting is an ISO 9001:2015, ISO 14001:2015, ISO 27001:13, ISO 45001:2018, CE and NABL certified organization. The company has established itself as a key player in India's infrastructure sector with a growing international footprint. Since its inception, Transrail has completed more than 200 projects in power transmission and distribution vertical, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials and availability of world class machinery, both in India and internationally (majorly across Asia and Africa).
The company's business is divided into four verticals: power transmission and distribution, civil construction, poles and lighting, and railways. The company provides EPC services in relation to substations up to 765 kilovolts (kV). The company has a diverse product manufacturing set-up, including high masts, street poles, luminaries, power transmission and distribution monopoles, stadium lighting, derrick structures, road gantries and signages, flag masts, solar streetlights, and decorative poles.
The market capitalization of Transrail Lighting Ltd is ₹9,970.52 crore as of July 7, 2025. The P/E ratio stands at 30.53 and P/B ratio is 8.75. The 52-week high is ₹747 and the 52-week low is ₹394.55.
The company reported a 27% jump in consolidated net profit for the March quarter, reaching ₹126.57 crore, compared to ₹99.72 crore in Q4 FY24. Operational revenue surged 40% to ₹1,946.02 crore in Q4 FY25, compared to ₹1,392.41 crore in Q4 FY24.
For the full financial year 2024-25, the company reported a more than 40% increase in net profit, touching ₹327 crore, up from ₹233 crore in the previous year. Annual operational revenue also grew by 30% to ₹5,307.75 crore, up from ₹4,076.52 crore in FY24. EBITDA margin improved by 102 basis points to 12.73% from 11.71%.
In Q4 alone, the company secured new orders worth ₹4,965 crore, taking its total order intake for FY25 to ₹9,680 crore, with most orders coming from the transmission and distribution (T&D) sector. By the fiscal year-end, the company's unexecuted order book grew 44% year-on-year, reaching ₹14,551 crore.
The company announced securing new orders worth ₹534 crore, including its largest substation project in Africa. This strong order book provides visibility for future revenue growth and demonstrates the company's competitive position in the market.
The Board of Directors recommended a final dividend of ₹0.8 per equity share (40%) for FY25, subject to shareholder approval. The company announced the resignation of Ajit Pratap Singh, Chief Financial Officer, effective from March 8, 2025.
The company's shares were listed on the NSE and BSE on December 27, 2024, at ₹590 apiece on the NSE, marking a premium of over 36% compared to the IPO price of ₹432 apiece.
Randeep Narang serves as Managing Director and CEO, steering the company's growth strategy. Commenting on the results, MD & CEO Randeep Narang said: "We are pleased to close FY25 with an excellent performance across all key operational parameters, marked by strong revenue growth, benchmark margins, and record order inflows".
As of the last reported quarter, Promoter held 71.1%, FII held 0.6%, DII held 14.1% and the public held 14.2% of the total shares. The company reported an ROE of 21.63% for the last reported financial year on a consolidated account basis.
Based in Mumbai, Transrail operates in the engineering, procurement, and construction (EPC) space, particularly within T&D, as well as civil infrastructure, railways, poles, and lighting, with a global presence spanning 59 countries. The company demonstrated robust financial performance, achieving a 30.2% revenue increase year-over-year, driven by strong demand and effective project execution, particularly in the Transmission and Distribution sector.
The company is well-positioned to benefit from India's infrastructure development initiatives and growing power sector investments. With its strong order book, integrated manufacturing capabilities, and proven track record in project execution, Transrail Lighting continues to be a significant player in the power transmission and distribution space.
