āagmanLoginNot investment advice. Data and computed figures, for information only.
Transrail Lighting Ltd
₹466.90
−₹14.80 (−3.07%)
NSE · 15 Oct 2026, close
Market Cap
₹6,238 Cr
CMP
₹466.90
52-wk High / Low
₹758 / 401
P/E
14.9
P/B
2.7
Book Value
₹170.0
Div Yield
0.65%
ROCE
34.0%
ROE
20.0%
Face Value
₹2
D/E
0.30
Price−38.6% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹339
√(22.5 × EPS × book value per share)
ROIC
21.1%
vs 12.3% sector median
Cash flow to profit
1.59
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−35
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
18.1%
ROE × earnings retention ratio
ROE stability
3.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.32DII −1.63
Latest quarter vs the previous one
Cash-accrual divergence
−3.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 22% vs the 2022 sector median of 17%)
+PE of 14.9x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 38.4% below its 52-week high
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 977 | 1,392 | 916 | 1,088 | 1,358 | 1,946 | 1,660 | 1,561 | 1,796 | 1,863 | 1,736 |
| Expenses | 860 | 1,224 | 796 | 950 | 1,178 | 1,710 | 1,461 | 1,377 | 1,569 | 1,657 | 1,534 |
| Operating Profit | 117 | 169 | 120 | 138 | 179 | 236 | 199 | 184 | 227 | 207 | 202 |
| OPM % | 12.0% | 12.1% | 13.1% | 12.7% | 13.2% | 12.1% | 12.0% | 11.8% | 12.6% | 11.1% | 11.6% |
| Other Income | 6 | 24 | 14 | 8 | 10 | 16 | 12 | 16 | −4 | 11 | 17 |
| Interest | 43 | 41 | 44 | 46 | 49 | 59 | 50 | 60 | 55 | 54 | 56 |
| Depreciation | 13 | 13 | 13 | 13 | 14 | 16 | 15 | 15 | 17 | 20 | 19 |
| Profit before tax | 68 | 139 | 77 | 87 | 126 | 177 | 147 | 125 | 151 | 144 | 144 |
| Net Profit | 46 | 100 | 52 | 55 | 93 | 127 | 106 | 91 | 110 | 96 | 108 |
| EPS (₹) | 18.67 | 8.04 | 4.17 | 4.41 | 6.94 | 9.43 | 7.88 | 6.78 | 8.17 | 7.19 | 8.04 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,881 | 2,172 | 2,338 | 3,152 | 4,077 | 5,308 | 6,880 | 6,956 |
| Expenses | 1,603 | 1,888 | 2,091 | 2,788 | 3,518 | 4,532 | 5,940 | 6,136 |
| Operating Profit | 278 | 284 | 247 | 364 | 559 | 776 | 941 | 820 |
| OPM % | 14.8% | 13.1% | 10.6% | 11.5% | 13.7% | 14.6% | 13.7% | 11.8% |
| Other Income | 22 | 19 | 20 | 19 | 56 | 48 | 32 | 40 |
| Interest | 146 | 138 | 139 | 189 | 246 | 300 | 339 | 225 |
| Depreciation | 32 | 34 | 37 | 46 | 50 | 56 | 66 | 71 |
| Profit before tax | 121 | 132 | 91 | 148 | 318 | 467 | 567 | 564 |
| Net Profit | 102 | 98 | 65 | 108 | 233 | 329 | 404 | 405 |
| EPS (₹) | 242.83 | 129.70 | 28.49 | 47.18 | 18.81 | 24.48 | 30.06 | 30.18 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 8 | 23 | 23 | 25 | 27 | 27 | — |
| Reserves | 435 | 560 | 640 | 749 | 1,114 | 1,854 | 2,254 | — |
| Borrowings | 346 | 429 | 469 | 621 | 667 | 661 | 678 | — |
| Other Liabilities | 1,253 | 1,185 | 1,710 | 2,053 | 2,814 | 3,691 | 4,395 | — |
| Total Liabilities | 2,038 | 2,182 | 2,842 | 3,445 | 4,621 | 6,233 | 7,354 | — |
| Fixed Assets | 321 | 317 | 334 | 379 | 374 | 425 | 600 | — |
| CWIP | 11 | 4 | 17 | 4 | 6 | 12 | 65 | — |
| Investments | 0 | 3 | 3 | 3 | 5 | 0 | 1 | — |
| Other Assets | 1,705 | 1,858 | 2,487 | 3,059 | 4,236 | 5,795 | 6,688 | — |
| Total Assets | 2,038 | 2,182 | 2,842 | 3,445 | 4,621 | 6,233 | 7,354 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 188 | 65 | 46 | 143 | 35 | 287 | 643 |
| Cash from Investing Activity | −50 | −3 | −81 | −105 | −78 | −498 | −209 |
| Cash from Financing Activity | −146 | 5 | 3 | 29 | 28 | 242 | −190 |
| Net Cash Flow | −7 | 66 | −32 | 67 | −15 | 32 | 244 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 30.0 | 22.0 | 27.0 | 35.0 | 35.0 | 34.0 |
| ROE % | — | — | — | — | — | — | 20.0 |
| EPS (₹) | 242.83 | 129.70 | 28.49 | 47.18 | 18.81 | 24.48 | 30.06 |
| Book Value (₹) | — | — | — | — | — | — | 170.0 |
| Face Value (₹) | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | 14.9 |
| Div Yield % | — | — | — | — | — | — | 0.65 |
| NPM % | 5.4 | 4.5 | 2.8 | 3.4 | 5.6 | 6.1 | 5.8 |
| OPM % | 15.0 | 13.0 | 11.0 | 12.0 | 14.0 | 15.0 | 14.0 |
| D/E | 0.79 | 0.76 | 0.71 | 0.80 | 0.59 | 0.35 | 0.30 |
| P/B | — | — | — | — | — | — | 2.7 |
Growth
Compounded sales growth
5 years+26.0%
3 years+30.0%
TTM+15.0%
Compounded profit growth
5 years+33.0%
3 years+56.0%
TTM+10.0%
Stock price CAGR
Last year−39.0%
Return on equity
5 years20.0%
3 years21.0%
Last year20.0%
Documents
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseShareholder Meeting / Postal Ballot-Scrutinizer''s ReportCorporate actions
11 Sep 2026DIVIDENDDividend - Rs 2 Per Share—
3 Aug 2026DIVIDENDInterim Dividend - Rs 3 Per Share—
4 Sep 2025DIVIDENDDividend - Re 0.80 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman