Transrail Lighting is a well-known name in the power transmission and distribution (T&D) sector. The company works under the Engineering, Procurement, and Construction (EPC) domain. The company informed the exchange that it had recently secured new orders worth INR 2,752 crore after the market closed on 27 February. After this announcement, Transrail’s shares rallied 6% in 28 February’s trading session.
Transrail’s Market Standing
This latest order win is a significant boost for Transrail, pushing its year-to-date (YTD) order inflows past INR 7,400 crore—a sharp 90% increase over the previous year.
Randeep Narang, Managing Director & CEO, was upbeat about the development, stating:
“Securing these orders further cements our standing as a trusted name in the T&D industry. Our backward integration strategy has been instrumental in driving competitiveness and growth. With YTD order inflows now exceeding INR 7,400 crore, we’ve recorded an impressive 90% year-on-year growth, reinforcing our strong market position.”
Stock Market Cheers the News
Investors wasted no time reacting to the announcement. Transrail Lighting’s stock climbed up to 6.7% to hit INR 516.65 per share on the Bombay Stock Exchange (BSE) during early trading, while on the National Stock Exchange (NSE), it peaked at INR 519.90 before settling around INR 510.
That said, despite today’s rally, the stock remains well below its 52-week high of INR 719.15, recorded on January 6, 2025. Year-to-date, the stock has shed approximately 11%, and over the past month, it has dipped by about 9%. As of now, Transrail Lighting holds a market capitalization of around INR 6,859.14 crore on the NSE.
Expanding Order Book & Future Outlook
Transrail’s order pipeline is growing rapidly, and it has further elevated the company’s stature in the EPC sector. The company operates across 58 countries and provides turn-key solutions in power transmission and distribution, civil infrastructure, railways, and poles & lighting.
Transrail has completed 200 projects in the T&D sector that further strengthen its reputation in project execution. The company is also taking steps toward the self-manufacturing of several critical components used in projects, which will further contribute to its growth and efficiency.
Financial Strength & Performance
Transrail’s Q3 results have also been encouraging. Its net profit recorded a 91.9% increase, reaching INR 93.24 crore. This is a significant improvement compared to INR 48.59 crore in Q3 FY24. The company also reported that revenue from operations reached 1,340.36 crore, which reflects a 62.9% increase YoY. These numbers highlight its efficiency in fulfilling the rising demand in the EPC sector.
Stock Market Trends: The Bigger Picture
Transrail Lighting made its stock market debut on 27 December 2024, the INR 838.91 crore offer was oversubscribed to 80X and listed with a return of 28.14%. The IPO gave a stellar performance post-issue and hit its all-time high of INR 719.15 per share on 6 January 2025.
However, due to ongoing market conditions, Transrail Lighting shares also slumped to their 52-week low of INR 465.20 per share on 27 February 2025. While Transrail’s stock is down 11% YTD, it’s nothing in front of Nifty50’s 6% slide over the same period.
Final Takeaway
Transrail Lighting’s latest order win will reinforce the company’s reputation in the railways’ EPC sector. Short-term market volatility may impact the stock performance, but with a robust orderbook, Transrail is all set to deliver an impressive performance in the upcoming months.
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