The shares of the leading infrastructure solution provider hit 2 percent upper circuit after the company bagged a prestigious work order from KEC International Ltd for Rs 90 million.
With a market capitalization of Rs 301.54 crore, the shares of Trishakti Industries Ltd were trading at Rs 184.65 per share, increasing around 2 percent as compared to the previous closing price of Rs 181.05 apiece.
Reason for Rise
The shares of the company have seen positive movement after Trishakti Industries Ltd bagged a prestigious work order from KEC International Ltd for the supply of machines for its ongoing project at Tata Steel’s plant. The aggregate value of this order is Rs 90 million.
Financial performance
Looking forward to the company’s financial performance, revenue decreased by 92 percent from Rs 36.43 crore in Q2FY24 to Rs 2.85 crore in Q2Y25. During the same period, net profit stretched drastically by 987 percent, from Rs 0.08 crore to Rs 0.87 crore.
The company expects crane hiring revenues of Rs 50-55 million in FY25, rising to Rs 900-1,000 million by FY28. With a robust EBITDA margin of 60-65%, these projections highlight strong operational efficiency and profitability, signaling significant growth potential in the crane hiring segment over the next few years.
Achievements
With a diverse fleet of advanced machinery, the company supports large-scale projects across sectors like steel, cement, railways, and construction. It has successfully partnered with leading firms, including Tata Steel, Larsen & Toubro, RVNL, ONGC, ITD Cementation, Jindal Group, and Adani Group, to supply heavy equipment for various initiatives.
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Capex Plan
Trishakti is undertaking a ₹400 crore CAPEX from FY25 to FY27 to expand its high-capacity machinery fleet, boost efficiency, and cater to infrastructure sector demands. By H1 FY25, ₹11.5 crore worth of machinery had been procured, signaling strong progress in its ambitious expansion and future growth plans.
Ratio analysis
The company’s critical ratios show that the return on equity magnified from 4.91 percent in FY22-23 to 4.71 percent in FY23-24, while the return on capital employed increased from 6.65 percent to 8.52 percent. The net profit margin (NPM) for fiscal year 23-24 is 0.47 percent.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 33.24 percent while Retail shareholders own a 66.75 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
Company Profile
Trishakti Industries Limited provides infrastructure and Oil & gas exploration services. The Company engages in multiple business sectors including logistics and infrastructure, oil and gas food-related items, and agency services.
Written by Abhishek Singh
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