Transrail Lighting Limited – Investor Presentation Summary

Key Operational Highlights

  • Supplied 150,000 MT of Transmission Tower in FY26
  • Supplied 31,000 KM of Conductor including HTLS conductors in FY26
  • Successfully doubled tower manufacturing capacity to 172,400 MTPA in FY26 through greenfield and brownfield expansions
  • Geographic expansion with entry into four new international markets: Abu Dhabi, Tunisia, Djibouti, and Botswana
  • SAP RISE upgradation from SAP HANA rolled out across operations

Key drivers of operational performance: Brownfield and greenfield expansion of tower manufacturing, geographic market expansion, and technology upgrades

Segment-wise Performance

Not Specified

Financial Highlights

Revenue: ₹6,880 crore (FY26)

EBITDA: ₹820 crore (FY26)

PAT: ₹404 crore (FY26) [after exceptional item of ₹17 crore]

EPS: ₹30.06 Basic, ₹29.90 Diluted (FY26)

Margins: EBITDA Margin 11.9%, PAT Margin 5.8% (FY26)

YoY/QoQ comparison: Revenue increased 30% YoY in FY26 (from ₹5,308 crore in FY25); Q4 FY26 revenue decreased 4% YoY to ₹1,863 crore from ₹1,946 crore in Q4 FY25

Drivers of financial performance: Higher revenue growth, improved collections, working capital efficiencies

Comparison to market estimates: Not Specified

Key Risks: Not Specified

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: The company has footprint across 63 countries, including over 28 African countries, SAARC, Southeast Asia, GCC, Americas, and Europe

Balance Sheet Snapshot

Net Debt/Equity: Not Specified

Reserves: Not Specified

Current Assets/Liabilities: Not Specified

Working Capital/Leverage Metrics: Net Debt reduced by ₹80 crore YoY (30% reduction) to ₹181.37 crore including IPO funds

Financial Health Insights: Strong balance sheet strengthening, improved collections, working capital efficiencies

Capex & Cash Flow Health

Capital Expenditure: Board approved additional ₹203 crore capex on May 26, 2026, mainly for procuring equipment for site construction

Free Cash Flow: Not Specified

Operating Cash Flow: ₹816.89 crore in FY26 (more than doubled from ₹415.08 crore in FY25)

Net Debt Movement: Reduced by ₹80 crore YoY

Investment Rationale: Focus on capacity expansion (doubling tower manufacturing capacity), technology upgrades, and geographic expansion

Strategic & R&D Initiatives

Investments in Innovation: Fully backward-integrated manufacturing platform, in-house testing & R&D strength including NABL-accredited tower testing, global-grade technology with precision CNC systems (Italy) and high-capacity galvanizing (UK)

Expected impact on growth: Supports projects up to 1200 kV, ensures quality control and supply chain reliability

Strategic Rationale: Expanding into high-growth international markets, reducing operational costs through backward integration

Industry Trends & Business Environment

Macro/Industry Trends: National Electricity Plan targets 191,000 CKM of transmission lines addition by 2032 (38% of India's total grid); 500 GW non-fossil capacity target by 2030; ₹9.15 lakh crore transmission investments planned by 2032; Growing traction in TBCB projects and PPP-led grid automation initiatives; Global electricity demand expected to nearly double by 2050; Africa's Mission 300 to connect 300 million people to electricity by 2030

Impact on Company: Provides strong long-term project visibility, drives demand for grid expansion and renewable energy evacuation lines

Management Commentary & Growth Outlook

Strategic Outlook: "Executing Today. Expanding Tomorrow. Creating Long-Term Value"

FY Guidance: Not Specified

Market Share Targets: Not Specified

Risks and Opportunities: Not Specified

ESG Updates

Environment: Focus on reducing environmental impact through efficient use, recycling, and reuse of resources; Sustainability embedded across operational processes

Social: Initiatives in healthcare, education, rural development, and skill development; Strong emphasis on gender diversity and women participation; 240 specially abled children & adults supported; 4,095 cataract surgeries; 11,070 eye screenings; 143 cancer treatments; 7,642 free spectacles provided; 60,107 free medical treatments & services provided; 7,643 educational material support to children; 16,263 children benefited with educational support; 926 skill training courses; 4,000 tree plantation

Governance: Robust corporate governance framework rooted in transparency and accountability; Policies aligned with long-term sustainability, reliability, and ethical conduct