Transrail Lighting Ltd, a leading EPC player in Power Transmission, continues to impress

📊 Strong FY25 Performance Highlights Revenue: ₹5,308 Cr, up 30.2% YoY EBITDA: ₹676 Cr, up 41.5% YoY with margin expansion to 12.7% PAT: ₹327 Cr, up 40% YoY EPS: ₹25.56 vs ₹19.59 (FY24) Operating Cash Flow: ₹287 Cr vs ₹35 Cr 🔥 Debt-to-Equity: Just 0.34x ROCE: Robust at 24.7% 🚀 Q4FY25: Execution Excellence Revenue surged 39.8% YoY, driven by consistent execution in T&D segment PAT grew 26.9% YoY to ₹126.6 Cr EPS rose 18% to ₹9.91 📦 Order Book: Strong Visibility Total order book at ₹14,551 Cr (+44% YoY) L1 pipeline worth ₹1,364 Cr FY25 order inflow: ₹9,680 Cr (up 120% YoY) Balanced mix: 55% Domestic / 45% International 92% from core Power T&D segment 🏭 Capacity Expansion in Progress Tower manufacturing: To double from 84,000 MT to 1,96,000 MT PA Conductor capacity: From 24,000 KM to 49,500 KM Total CAPEX: ₹198 Cr to be completed in next 12–15 months 🌍 Strategic Projects and Expansion Completed marquee projects: 765kV D/C, Atal Setu Lighting, GIS substations Fully integrated in-house design, engineering & testing Venturing into Solar EPC with an international order secured 🧠 What Sets Transrail Apart? In-house execution model vs peer outsourcing One of the best ROCEs (31%) and EBITDA margins (13%) among peers PEG ratio <1, making valuation attractive Promoter guidance achieved: Revenue growth of 30% and EBITDA margin of 12.5% 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 📄 Investments are subject to market risks. Read all related documents carefully before investing.