Employees: 2,747
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ₹2.44B | ₹32.9M | -₹1.20B | -₹48.5M |
| Capital expenditure | n/a | ₹2.49B | ₹1.42B | ₹290M | ₹540M |
| Total debt | ₹7.66B | ₹6.78B | ₹6.61B | ₹6.67B | ₹6.21B |
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| Measure | TRANSRAILL.NS | Peer median | Rank 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 margin | 10.7% | 8.1% | 8th highest of 21 |
| Forward P/E | 10.5× | 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 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +13.8 pp | +0.4 pp | 2nd highest of 21 |
| EV / EBITDA | 6.4× | 7.5× | 3rd cheapest of 12 |
| Net debt / EBITDA | -0.4× | 0.8× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Transrail Lighting TRANSRAILL.NS | India | $628M | -25% | +14% | 11% | 10.5× | 5.9% | +25.9% |
| Limbach LMB | United States | $627M | -36% | +21% | 6% | 11.7× | 12.6% | +2.6% |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 17.2× | -3.5% | +8.4% |
| Chong Hong Development 5534.TW | Taiwan | $625M | -16% | -18% | 24% | 2.8× | n/a | n/a |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 11.8× | -2.0% | -1.0% |
| CTI Engineering 9621.T | Japan | $619M | +22% | +8% | 9% | 12.0× | -9.0% | +9.2% |
| Beijing SPC Environment Protection Tech 002573.SZ | China | $619M | -22% | +1% | -2% | n/a | 5.2% | +13.7% |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 16.4× | 7.6% | +4.1% |
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | n/a | -11.0% | +12.5% |
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 14.4× | 41.7% | +168.9% |
| Global Chinese Business Club 1757.HK | Hong Kong | $610M | -78% | +121% | 1% | n/a | n/a | n/a |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | n/a | n/a | n/a |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | n/a | 24.9% | -33.5% |
| Hainan Expressway 000886.SZ | China | $598M | -27% | +185% | -12% | n/a | n/a | n/a |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 9.3× | -11.4% | -1.9% |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | n/a | 13.4% | +9.6% |
| Anhui Tongyuan Environment Energy Saving 688679.SS | China | $586M | -43% | -17% | 0% | n/a | n/a | n/a |
| InstallatorGruppen A/S IG.CO | Denmark | $584M | n/a | +51% | 4% | n/a | 9.1% | +50.8% |
| Hainan Jingliang 000505.SZ | China | $583M | -14% | -19% | -4% | n/a | n/a | n/a |
| Yokogawa Bridge 5911.T | Japan | $679M | -6% | +4% | 8% | 12.9× | -12.8% | +1.1% |
| Yondenko 1939.T | Japan | $685M | +10% | +7% | 11% | n/a | 1.1% | +2.1% |