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← CockpitCompetitor Analysis › TRANSRAILL.NS Transrail Lighting LimitedOpen in the cockpit ↗

Transrail Lighting LimitedTRANSRAILL.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Engineering & Construction
Momentum weak 21
Mkt cap
$628M
US dollars, full cap
Free float
23%
of shares outstanding
$/day
$4.13M
20-day average traded
Fwd P/E
10.5×
forward earnings
ROIC−WACC
+13.8 pp
WACC 14.9%
Hurdle
-20 pp
Req g minus delivered
Next earnings
100 days
14 Feb 2027
Close · INR₹440.35
1D-0.4%
1W+4.0%
1M-8.1%
3M-10.3%
6M-24.9%
YTD-20.9%
1Y-39.9%
ATR %4.3%
Beta1.29
52w lowhigh40.4% off high

What Transrail Lighting does

Employees: 2,747

Transrail Lighting at a glance

Size Transrail Lighting (TRANSRAILL.NS) is an India Industrials company (Engineering & Construction) with a market value of $628M, the 761st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹440.35 on 6 Nov 2026.

Performance Over six months the shares fell 24.9%, against -17.1% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue grew 14.2% over the last twelve months (peer median +7.3%); the operating margin is 10.7% (peer median 8.1%).

Valuation It trades at 10.5× forward earnings against a peer median of 12.0× (3rd cheapest of 10).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -20 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 13.8 points above its cost of capital (14.9% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 83TRANSRAILL.NS 78
Six months, rebased to 100: Transrail Lighting against the median of its 20 peers (local-currency closes).

Transrail Lighting financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹74.5B₹68.5B₹52.6B₹40.6B₹31.3B
Revenue growth—+30%+30%+30%—
Gross profit₹19.6B₹16.3B₹13.4B₹9.97B₹6.49B
EBITDA₹8.76B₹8.59B₹7.27B₹5.72B₹3.35B
Net income₹4.18B₹4.04B₹3.29B₹2.33B₹1.08B
Free cash flown/a₹2.44B₹32.9M-₹1.20B-₹48.5M
Capital expendituren/a₹2.49B₹1.42B₹290M₹540M
Total debt₹7.66B₹6.78B₹6.61B₹6.67B₹6.21B

Quarterly statements and history in the cockpit →

Transrail Lighting competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%-20%0%LMB30105855349621002573MG1965CLOUD17571871002482000886F9D0012106886790005051939TRANSRAILL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Transrail Lighting is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%5×10×15×LMB30105855343003889621MGCLOUDF9D5911TRANSRAILL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Transrail Lighting is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%0%100%LMB3010583003881965CLOUD002482IGTRANSRAILL.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Transrail Lighting is the large dot.

Transrail Lighting competitors and peer comparison

How Transrail Lighting compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Transrail Lighting against its 20 peers (data as of 6 Nov 2026)
MeasureTRANSRAILL.NSPeer medianRank in peer set
1-month return-8.1%-6.7%9th lowest of 21
6-month return-24.9%-17.1%7th lowest of 20
Distance from 52-week high-40.4%-35.0%6th lowest of 21
Revenue growth (TTM)+14.2%+7.3%9th highest of 21
Operating margin10.7%8.1%8th highest of 21
Forward P/E10.5×12.0×3rd cheapest of 10
Growth the price implies (Req g, 7 yrs)5.9%3.1%7th most demanding of 15
Growth delivered (Del g)+25.9%+6.3%3rd highest of 15
Hurdle (Req g minus delivered)-20.0 pp-9.0 pp4th least demanding of 15
ROIC minus cost of capital+13.8 pp+0.4 pp2nd highest of 21
EV / EBITDA6.4×7.5×3rd cheapest of 12
Net debt / EBITDA-0.4×0.8×6th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Transrail Lighting TRANSRAILL.NSIndia$628M-25%+14%11%10.5×5.9%+25.9%
Limbach LMBUnited States$627M-36%+21%6%11.7×12.6%+2.6%
COFCO Technology & Industry 301058.SZChina$630M-17%+3%8%17.2×-3.5%+8.4%
Chong Hong Development 5534.TWTaiwan$625M-16%-18%24%2.8×n/an/a
Cecep Guozhen Environmental Protection Technology 300388.SZChina$632M-22%+5%18%11.8×-2.0%-1.0%
CTI Engineering 9621.TJapan$619M+22%+8%9%12.0×-9.0%+9.2%
Beijing SPC Environment Protection Tech 002573.SZChina$619M-22%+1%-2%n/a5.2%+13.7%
Mistras MGUnited States$642M+14%+5%7%16.4×7.6%+4.1%
Techno Ryowa 1965.TJapan$644M+12%+14%16%n/a-11.0%+12.5%
Cloudberry Clean Energy CLOUD.OLNorway$645M+2%+79%14%14.4×41.7%+168.9%
Global Chinese Business Club 1757.HKHong Kong$610M-78%+121%1%n/an/an/a
PS Construction 1871.TJapan$656M-17%+6%9%n/an/an/a
Shenzhen Grandland 002482.SZChina$658M-32%+46%-4%n/a24.9%-33.5%
Hainan Expressway 000886.SZChina$598M-27%+185%-12%n/an/an/a
Boustead Singapore F9D.SISingapore$662M-35%+18%12%9.3×-11.4%-1.9%
Kingfore Energy 001210.SZChina$662M+32%+15%12%n/a13.4%+9.6%
Anhui Tongyuan Environment Energy Saving 688679.SSChina$586M-43%-17%0%n/an/an/a
InstallatorGruppen A/S IG.CODenmark$584Mn/a+51%4%n/a9.1%+50.8%
Hainan Jingliang 000505.SZChina$583M-14%-19%-4%n/an/an/a
Yokogawa Bridge 5911.TJapan$679M-6%+4%8%12.9×-12.8%+1.1%
Yondenko 1939.TJapan$685M+10%+7%11%n/a1.1%+2.1%

Questions

Which companies are Transrail Lighting's closest peers?
The cockpit's peer set: Limbach (LMB), COFCO Technology & Industry (301058.SZ), Chong Hong Development (5534.TW), Cecep Guozhen Environmental Protection Technology (300388.SZ), CTI Engineering (9621.T), Beijing SPC Environment Protection Tech (002573.SZ), Mistras (MG), Techno Ryowa (1965.T).
Is Transrail Lighting expensive compared with its peers?
On forward p/e it trades at 10.5× against a peer median of 12.0×, 3rd cheapest of 10 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -20 pp: the price already allows for a slowdown.
How has Transrail Lighting stock performed?
Over six months to 6 Nov 2026 the shares returned -24.9% against -17.1% for the median peer; over one year -39.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.