Shares of a premier infrastructure solutions provider in India specializing in hiring heavy earth-moving equipment are in focus on Wednesday, after securing a contract from NCC Limited worth Rs. 6 crores to support their Adani Power Project.
With a market capitalisation of Rs. 272 crores, the shares of Trishakti Industries Limited opened in the red at Rs. 166.6, down by 2 percent, as against its previous closing price of Rs. 170.
What’s the News
Trishakti Industries Limited, in its latest regulatory filings with the BSE, announced receiving a contract from NCC Limited worth Rs. 6 crores, with the order scheduled to be executed within 12 months.
Under this contract, Trishakti Industries Limited will supply advanced earth-moving heavy equipment worth Rs. 6 crores to support their Adani Power Project.
Previous Orders
1st January 2025: The company secured a contract from Larsen & Toubro Limited (L&T) to supply machines worth Rs. 2.5 crores to support their Kolkata Metro Project.
1st January 2025: Trishakti Industries Limited received its largest-ever order from KEC International Limited. Under this contract, the company will deploy heavy machines valued at Rs. 9 crores to support their Tata Steel’s Plant.
Financials
Trishakti Industries reported a decline in the revenue from operations, experiencing a fall of nearly 92.2 percent YoY, decreasing from Rs. 36.43 crores in Q2 FY24 to Rs. 2.85 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit increased from Rs. 0.08 crores to Rs. 0.87 crores, representing a rise of around 987.5 percent YoY.
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Management Guidance & Capex Update
The company is undergoing a Rs. 400 crore capex investment over the period from FY25 to FY27. As of the first half of FY25, the company’s capex amounted to Rs. 11.5 crores.
The capex plan for FY25 is Rs. 38.5 crores, which will increase to Rs. 100 crores in FY26, and further to Rs. 250 crores in FY27.
Additionally, the company’s fleet size (no. of machinery), which stood at 15 units in H1 FY25, is expected to grow to 30 units by FY25, 75 units by FY26, and 150 units by FY27.
As of the end of H1 FY25, the company has already purchased machinery valued at Rs. 11.5 crores. By Q3 FY25, the total procurement of machinery had reached Rs. 16 crores. The company remains on track to meet its FY25 capex target of Rs. 50 crores.
Driven by ongoing capex and the company’s strategy to leverage the infrastructure boom and growth across diverse sectors, Trishakti Industries is projected to achieve a revenue of Rs. 90-100 crores by FY28, with operating margins exceeding 60-65 percent.
Stock Performance
The stock has delivered multibagger returns of nearly 307 percent in one year, as well as around 217.3 percent returns in the last six months. Likewise, the shares of Trishakti Industries have given negative returns of about 6.7 percent in the last one month.
About the Company
Established in 1985, Trishakti Industries Limited is engaged in the business of infrastructure/heavy equipment lease rental.
Written by Shivani Singh
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