During Thursday’s trading session, the shares of a premier infrastructure solutions provider in India specializing in hiring heavy earth-moving equipment surged nearly 4.2 percent on BSE, after securing a contract worth Rs. 37 million from Jindal Stainless Limited.
Price Movement:
With a market capitalisation of Rs. 233.5 crores, at 01:26 p.m., the shares of Trishakti Industries Limited were trading in the green at Rs. 143, up by nearly 4.2 percent, as against its previous closing price of Rs. 137.2.
The stock has delivered multibagger returns of nearly 178.5 percent in the last six months, while around 17.6 percent of negative returns in the last one month.
What’s the News:
Trishakti Industries Limited, in its latest regulatory filings with the BSE, announced receiving a contract from Jindal Stainless Limited worth Rs. 3.7 crores, with the duration of the contract being 3 months.
Under this contract, Trishakti Industries Limited will supply advanced heavy equipment machines for Jindal Stainless’ ongoing Steel Project.
Previously, on 13th February, the company had received another contract from Jindal Stainless for a similar project, valued at Rs. 2.6 crores. This contract was also related to the Steel Project, with a duration of contract for 5 months.
Previous Orders:
1st January 2025: The company secured a contract from Larsen & Toubro Limited (L&T) for the supply of machines worth Rs. 2.5 crores to support their Kolkata Metro Project.
9th January 2025: Trishakti Industries Limited received its largest-ever order from KEC International Limited to deploy heavy machines valued at Rs. 9 crores to support Tata Steel’s Plant.
22nd January: The company secured a contract from NCC Limited worth Rs. 6 crores, with the duration of the contract being 12 months, to supply advanced earth-moving heavy equipment to support their Adani Power Project.
Financials:
Trishakti Industries reported a decline in the revenue from operations, experiencing a fall of nearly 95 percent YoY, decreasing from Rs. 32.3 crores in Q3 FY24 to Rs. 1.6 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit decreased from Rs. 0.25 crores to Rs. 0.13 crores, representing a decline of around 48 percent YoY.
Management Guidance & Capex Update:
In Q3 FY25, the company executed a capex of Rs. 24.2 crores, bringing the total capex for 9M FY25 to Rs. 35.8 crores. The company is on track to achieve its FY25 targeted Rs. 50 crores capex and expects to surpass this target with upcoming fleet additions in Q4.
The company is undergoing a Rs. 400 crore capex investment from FY25 to FY27, significantly enhancing its capabilities and reshaping its future outlook.
The company anticipates generating a return on capital employed (ROCE) from this capex within the range of around 22-25 percent.
As of the end of 9M FY25, the company has purchased machinery valued at Rs. 35.8 crores. Whereas, as of Q3 FY25, the company has completed the procurement of machinery worth Rs. 24.2 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.
About the Company:
Established in 1985, Trishakti Industries Limited is a premier infrastructure solutions provider in India, specializing in hiring heavy earth-moving equipment, with a wide range of advanced machinery, and large-scale projects across sectors such as steel, cement, railways, construction, etc.
In Q1 FY25, the company strategically shifted its focus towards the higher growth infrastructure sector by introducing crane hiring services.
Written by Shivani Singh
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