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Transrail Lighting (TRANSRAILL)₹439.50−1.69%Heavy Electrical Equipment
In the Jun 2026 quarter (consolidated), Transrail Lighting reported sales of ₹1,735 Cr, up 4.5% from Jun 2025, and net profit of ₹108 Cr, up 2.0% year on year. For the year to Mar 2026, sales were ₹6,879 Cr and net profit ₹403 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 976 | 1,393 | 916 | 1,087 | 1,358 | 1,946 | 1,659 | 1,561 | 1,796 | 1,863 | 1,735 |
| Expenses | 862 | 1,227 | 797 | 951 | 1,181 | 1,713 | 1,464 | 1,380 | 1,571 | 1,661 | 1,537 |
| Operating Profit | 117 | 169 | 120 | 138 | 179 | 236 | 199 | 184 | 227 | 207 | 202 |
| OPM % | 12.0% | 12.0% | 12.9% | 12.9% | 13.0% | 11.9% | 11.9% | 12.0% | 12.9% | 11.0% | 12.0% |
| Other Income | 5.99 | 23.97 | 13.99 | 7.99 | 9.99 | 16.01 | 11.98 | 15.99 | −4.01 | 10.99 | 16.99 |
| Interest | 42.84 | 40.89 | 43.87 | 45.82 | 48.85 | 58.78 | 49.81 | 59.86 | 54.81 | 53.81 | 55.86 |
| Depreciation | 13.01 | 13.01 | 13.01 | 12.99 | 13.99 | 16.01 | 14.99 | 15.01 | 17.01 | 19.99 | 19.02 |
| Profit before tax | 67.77 | 139 | 76.77 | 86.69 | 126 | 176 | 146 | 125 | 150 | 143 | 143 |
| Tax % | 32.0% | 29.0% | 33.0% | 36.0% | 26.0% | 28.0% | 28.0% | 27.0% | 27.0% | 33.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −13.04 | 0.00 | 0.00 |
| Net Profit | 45.82 | 99.57 | 51.84 | 54.78 | 92.62 | 126 | 106 | 90.69 | 110 | 95.65 | 108 |
| EPS (Rs) | 18.64 | 8.03 | 4.16 | 4.40 | 6.93 | 9.42 | 7.87 | 6.77 | 8.16 | 7.18 | 8.03 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,882 | 2,170 | 2,338 | 3,153 | 4,079 | 5,309 | 6,879 | 6,955 |
| Expenses | 1,607 | 1,893 | 2,096 | 2,792 | 3,526 | 4,539 | 6,075 | 6,149 |
| Operating Profit | 278 | 284 | 247 | 364 | 559 | 776 | 820 | 819 |
| OPM % | 15.0% | 12.9% | 10.9% | 11.9% | 14.0% | 14.9% | 12.0% | 11.8% |
| Other Income | 21.99 | 18.99 | 19.99 | 18.99 | 55.93 | 48.01 | 31.99 | 39.96 |
| Interest | 145 | 138 | 139 | 189 | 245 | 299 | 218 | 224 |
| Depreciation | 31.99 | 33.99 | 37.03 | 46.02 | 50.05 | 56.01 | 65.98 | 71.03 |
| Profit before tax | 120 | 131 | 90.65 | 147 | 317 | 465 | 565 | 562 |
| Tax % | 15.0% | 25.0% | 28.0% | 27.0% | 27.0% | 30.0% | 29.0% | — |
| Exceptional items | 2.01 | −1.01 | 0.00 | −1.01 | 3.01 | 1.01 | −12.04 | −13.04 |
| Net Profit | 102 | 97.55 | 64.75 | 108 | 232 | 326 | 403 | 404 |
| EPS (Rs) | 242.68 | 129.59 | 28.46 | 47.11 | 18.79 | 24.30 | 30.05 | 30.14 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 8.0% | 3.0% | 7.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.02 | 8.03 | 23.07 | 23.09 | 25.10 | 27.09 | 27.09 |
| Reserves | 434 | 559 | 639 | 747 | 1,112 | 1,849 | 2,249 |
| Borrowings | 345 | 428 | 468 | 620 | 665 | 660 | 676 |
| Other Liabilities | 1,257 | 1,190 | 1,718 | 2,060 | 2,826 | 3,708 | 4,414 |
| Total Liabilities | 2,040 | 2,184 | 2,848 | 3,449 | 4,630 | 6,244 | 7,366 |
| Fixed Assets | 320 | 316 | 333 | 378 | 373 | 423 | 598 |
| CWIP | 11.01 | 4.01 | 17.01 | 4.01 | 6.01 | 12.01 | 65.04 |
| Investments | 0.00 | 2.99 | 2.99 | 2.99 | 4.99 | 0.00 | 0.99 |
| Other Assets | 1,708 | 1,861 | 2,494 | 3,064 | 4,246 | 5,807 | 6,702 |
| Inventories | 270 | 233 | 279 | 312 | 380 | 541 | 765 |
| Trade receivables | 482 | 493 | 642 | 647 | 1,030 | 1,321 | 1,745 |
| Cash & equivalents | 81.05 | 128 | 102 | 198 | 224 | 621 | 763 |
| Total Assets | 2,040 | 2,184 | 2,848 | 3,449 | 4,630 | 6,244 | 7,366 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 188 | 65.07 | 46.06 | 143 | 35.06 | 287 | 643 |
| Cash from investing activity | −49.96 | −2.99 | −80.95 | −105 | −77.99 | −498 | −209 |
| Cash from financing activity | −147 | 5.02 | 3.01 | 29.10 | 28.10 | 243 | −191 |
| Net cash flow | −7.01 | 66.03 | −32.02 | 67.02 | −15.01 | 32.03 | 244 |
| Capex | 11.99 | 27.01 | 80.01 | 54.04 | 29.01 | 142 | 249 |
| Free cash flow | 177 | 40.15 | −29.09 | 91.32 | 8.02 | 150 | 534 |
| CFO / OP % | 79.0% | 41.0% | 33.0% | 43.0% | 26.0% | 54.0% | 100.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 94 | 83 | 101 | 76 | 93 | 92 | 93 |
| Inventory days | 107 | 80 | 86 | 63 | 62 | 77 | 91 |
| Days payable | 316 | 292 | 329 | 263 | 274 | 332 | 330 |
| Cash conversion cycle | −117 | −130 | −145 | −127 | −121 | −166 | −148 |
| Working capital days | 27 | 32 | 44 | 29 | 51 | 47 | 40 |
| ROCE % | — | 30.0% | 21.9% | 27.0% | 34.9% | 34.9% | 28.9% |
For the Jun 2026 quarter, Transrail Lighting reported sales of ₹1,735 Cr, up 4.5% year on year and net profit of ₹108 Cr, up 2.0% year on year. The operating margin was 12.0%.
Transrail Lighting's sales for the year to Mar 2026 were ₹6,879 Cr; over the last twelve months they were ₹6,955 Cr.
Net profit for the year to Mar 2026 was ₹403 Cr, and ₹404 Cr over the last twelve months. Earnings per share over the same trailing period were ₹30.14.
Transrail Lighting reported borrowings of ₹676 Cr at Mar 2026, against cash and equivalents of ₹763 Cr.
Cash from operations was ₹643 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹534 Cr.