During Tuesday’s trading session, the shares of a premier infrastructure solutions provider in India specialising in hiring heavy earth-moving equipment hit a 5 percent upper circuit to reach a record high on BSE, after securing a contract worth Rs. 52.5 million from Jindal Stainless Limited.
With a market capitalisation of Rs. 291 crores, the shares of Trishakti Industries Limited hit a 5 percent upper circuit to reach a new 52-week high at Rs. 191.4, as against its previous closing price of Rs. 182.3. The stock has delivered multibagger returns of nearly 212 percent in the last one year, and gained by more than 37 percent in 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. 5.25 crores, with the duration of the contract being 2 months. Under this contract, Trishakti Industries Limited will supply advanced heavy machines for Jindal Stainless’ ongoing Steel Project.
Previously, on 20th February, the company had received another contract from Jindal Stainless for a similar project, valued at Rs. 3.7 crores. This contract was also related to the Steel Project, with a duration of contract for 3 months.
Previous Updates
7th April: The company secured a contract from Larsen & Toubro Limited (L&T) for the supply of advanced earth-moving heavy equipment worth Rs. 2.5 crores to support their ongoing Metro Project.
29th April: Trishakti Industries Limited received a significant order from Tuaman Engineering Limited for the supply of advanced earth-moving machines valued at Rs. 2.5 crores for the erection and commissioning of a steel plant.
Financial Performance
Trishakti Industries reported a decline in revenue from operations, experiencing a fall of nearly 96 percent YoY, decreasing from Rs. 53.84 crores in Q4 FY24 to Rs. 2.05 crores in Q4 FY25.
In contrast, during the same period, the company’s net profit increased from Rs. 0.22 crores to Rs. 1.3 crores, representing an impressive growth of around 491 percent YoY.
The company has a Rs. 400 crore multi-year CAPEX program (FY25–FY27) that is focused on expanding its fleet capacity, improving operational efficiencies and capturing a growing share of India’s large-scale project development market.
About the Company
Trishakti Industries Limited is a premier infrastructure solutions provider in India, specialising 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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