One of the small-cap stocks engaged in provides infrastructure solutions, focusing on leasing and renting heavy earth-moving equipment. The stock has hit a 2 percent upper circuit after securing a contract from Larsen & Toubro Limited (L&T) worth Rs. 2.5 crore
Stock Price Movement
With a market capitalization of Rs. 9,366.42 crores, the shares of Trishakti Industries Limited’s stock surged by 2 percent, reaching an upper circuit of Rs. 181.15 per share on Thursday, up from its previous closing price of Rs. 177.60 per share.
What Happened
Trishakti Industries Limited has secured a Rs. 2.5 crore contract from Larsen & Toubro Limited (L&T) to supply machines for the Kolkata Metro Project.
The six-month domestic contract, effective immediately, underscores Trishakti’s role in supporting large-scale infrastructure projects and is expected to positively impact the company’s financial performance in upcoming quarters.
Management Guidance
Trishakti Industries Limited anticipates exponential growth in crane hiring revenue, starting at Rs. 50-55 million in FY25 and soaring to Rs. 900-1,000 million by FY28. With 60-65% EBITDA margins, this represents a remarkable 18-20x revenue increase over four years.
Product Portfolio
Trishakti Industries Limited specializes in heavy equipment and construction machinery, offering diverse products such as crawler cranes (45 MT to 750 MT), truck-mounted cranes (45 MT to 750 MT), all-terrain cranes (250 MT to 750 MT), piling rigs (185 kNm to 285 kNm), and man lift/boom lift equipment (60 to 220 feet). These versatile solutions serve construction, infrastructure, and industrial needs with advanced mobility and lifting capacities.
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Client Tele
Trishakti Industries Limited serves top-tier clients across the energy, infrastructure, power, and industrial sectors, including ONGC, L&T, Reliance, and Sinopec. Their trusted equipment solutions cater to major corporations in India, Asia, and the Middle East.
Recent quarter results and ratios
Trishakti Industries Limited’s revenue has increased from Rs. 21 crore in FY23 to Rs. 135 crore in FY24, which has grown by 542.86 percent. The net profit of Trishakti Industries Limited has reached Rs. 1 crore in FY24.
In terms of return ratios, the company’s ROCE and ROE should be 9.88 percent and 6.46 percent, respectively. The debt-to-equity ratio of the company is to be 1.16x. Trishakti Industries Limited’s EPS is to be Rs. 1.82.
Company Overview
Trishakti Industries Limited was incorporated in 1985 and provides infrastructure solutions, focusing on leasing and renting heavy earth-moving equipment. The company has diversified into financial services, offering financing, consultancy, and commission-based solutions.
Written By – Nikhil Naik
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