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Mr.TalkStock Profile picture
@MrTalkStock
Jun 29 • 11 tweets • 2 min read • Read on X
Transrail Lighting: A ₹15,000 Cr Orderbook Hiding in Plain Sight?

Don’t let the name mislead you

⚡️This isn’t a lighting company—it’s a Transmission & Distribution EPC player, riding the right theme in India, at the right time!!

Here’s what you need to know
🧵🧵🧵

#StockMarket #investingImage
Business Model

✅ It manufactures Electric Poles, Towers, Conductors

✅Installs them for clients (EPC)

✅Operates in Power T&D, Railway Electrification, Civil Infra and Lighting

90% - 95% of its revenue comes from EPC contracts, not product sales
Why Transmission Could Be the Next Big Sector?

👉In India Power is no longer a luxury, it’s a necessity

👉After stocks in Green Energy sector had a dream run for few years, next may be the turn of Power Transmission stocks

👉Under the new National Electricity Plan, the Govt has earmarked ₹9 Lakh Cr to be spent over 8 years on Power Transmission

👉Transmission EPC players like Transrail will be in the midst of this upcycle
Strong Order Book = Growth Visibility

👉Unexecuted Order Book: ₹14,551 Cr

👉That’s over 3 years of revenue visibility

Split:
🔹55% Domestic
🔹45% Overseas
🔹120% YoY growth in fresh orders

Execution is speeding up. So are the margins!!!
Global Push, Faster Payments

👉A large portion of the order book is now international—especially Africa

👉These orders are funded by multilateral agencies (like AfDB, World Bank), meaning:
✅Quicker payment
✅Shorter working capital cycles
✅Lower default risk

But…
The Bangladesh Overhang

👉Bangladesh is a key geography for Transrail

👉However, the country is politically unstable, and has become distant from India

👉This overhang is a likely reason a high-growth company like Transrail is available at just 27 times earnings presently

The silver lining?

The Co. is actively mitigating risk by cutting exposure to Bangladesh. It’s revenues from there have been steadily declining
🔻FY22: 20%
🔻FY23: 15%
🔻FY24: 12%
Q4 FY25 Snapshot

👉Revenue: ₹1,946 Cr (+39.8% YoY)

👉Net Profit: ₹127 Cr (+27%)

👉EBITDA Margin: 12.2%

👉Management guidance: 30% growth for FY26, followed by 25% in FY27

👉A focus on margin expansion through backward integration
Valuation Check: Still Reasonable?

Peer P/E Multiples:

👉KEC International: 42.3 X
MCap: ₹24,119 Cr

👉Kalpataru Projects: 37.3 X
MCap: ₹20,954 Cr

🔥Transrail: 27 X
MCap: ₹8,818 Cr

👉Skipper: 38.6 X
MCap: ₹5,630 Cr

👉Bajel Projects: 179 X
MCap: ₹2,773 Cr

👉Rajesh Power: 28.5 X
MCap: ₹2,485 Cr

Despite similar growth, Transrail trades at a discount to peers. The Bangladesh overhang and low float are likely reasons
Why Track This Stock?

👉T&D = Huge Govt. tailwinds

👉Solid execution + order book

👉Reasonable valuation vs peers

👉Risk diversification underway

This smallcap may be early in its re-rating journey
🔍 Not a recommendation. Just sharing the research

Add it to your watchlist if you’re tracking Transmission or EPC stocks
If you found this thread valuable:

✅ Like & Repost the first Tweet

✅ Comment your thoughts

✅ Follow me for more such deep dives

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More from @MrTalkStock

Mr.TalkStock Profile picture
Jun 4
Jupiter Wagons vs. Titagarh Rail Systems – Q4 Showdown! 🚆

Two of the most celebrated railway stocks in the market posted flat Q4 results few days ago

They’ve delivered multibagger returns in the past—but are now stuck in consolidation

So, let’s compare financials and execution to see which one looks more promising

🧵🧵🧵

#StockMarket #investingImage
🚧 A Reality Check on Railway Capex

The previous UPA Govt. spent an average of ₹17,000 Cr annually on Railways

Under Modi’s BJP Govt., this has averaged ₹1.7 lakh Cr per year—a 10x increase that sparked a Railway stock bull run

But here’s the catch👇

For the past 4 years, the budget has plateaued at ~₹2.5 lakh Cr annually

The slowdown in incremental allocation is now reflecting in stock prices and earnings
🚉 Business Models – Similar Yet Different

Both companies play a critical role in India’s Railway capex cycle. But their approach and scope vary:

🚂 Titagarh Rail Systems
A full-stack Rail Systems manufacturer

🔹Freight Rolling Stock (93% of rev)
🔹Passenger Coaches (Metro, Vande Bharat, Monorail)
🔹Traction, propulsion & wheelsets
🔹Ventured into Defence, Shipbuilding and Bridge Equipment

They even have a strong presence in Italy via a subsidiary
Read 16 tweets
Mr.TalkStock Profile picture
May 31
Inox Wind vs. Suzlon Energy: Q4 Showdown!

Two of the most talked-about stocks in India’s Renewable Energy space just declared their results

Where should you put your money?

Let me break it down for you

🧵🧵🧵

#StockMarket #investing Image
The Wind Energy Business Model

Both companies operate in the same Green vertical: Wind Turbine Manufacturing

But that’s not all. It also includes:
🔸 Manufacturing wind turbines
🔸 Providing turnkey project execution
🔸 Operation & maintenance (O&M) services
🔸 After-sales service & remote monitoring

In short, they don’t just make windmills—they build and maintain entire wind farms

Both are heavily India-focused, with >94% of revenue coming from the domestic market

So who’s executing better?

Let’s take a look
👉 But first, for context, let’s understand Market Cap

🍃Suzlon Energy: ₹96,747 Cr
🌬️Inox Wind: ₹25,364 Cr

So, Suzlon is nearly a 4x bigger company in terms of Market Cap

👉 In terms of order book, here’s how they match up

🍃Suzlon Energy: 5.6 Giga Watt (GW)
🌬️Inox Wind: 3.2 GW (fresh order inflow during FY25 is 1.5 GW)
Read 13 tweets
Mr.TalkStock Profile picture
Nov 23, 2024
The Biggest theme in the Indian Stock Market is Power Transmission

Within the Transmission theme, I’m most bullish on Transformers

There’s so much demand over next few years, supply can’t possibly match up!!!

The core of Transformers are something called Lamination Strips

Let’s check out what crucial materials are used to make these Lamination Strips, and which listed companies manufacture them

#StockMarket #investingImage
👉What are Lamination Strips?

🔶Lamination strips are thin sheets of magnetic steel (such as CRGO, CRNGO, or CRNO) that are stacked together to form the core of electrical devices like transformers, motors, and generators

🔶These strips minimize energy loss in electrical equipment by directing and managing the magnetic flux more efficiently

🔶They help reduce heat generation and improve energy efficiencyImage
👉Uses of Lamination Strips

🔶Transformers

🔹Transformers work by transferring electrical energy between circuits through electromagnetic induction

🔹The lamination strips form the core of the transformer, which ensures minimal energy loss during this process

🔶Application

[1] Power Transformers (used in power grids for high-voltage energy transmission)

[2] Distribution Transformers (used to supply electricity to homes and businesses)
Read 12 tweets
Mr.TalkStock Profile picture
Oct 10, 2024
How did this transformer maker go from a P/E of 254x to 90x in just 4 months?

💸One word – Profits!!!!

🚀A massive 2,200% surge in net profits, making it one of India’s fastest-growing industrial stocks

🏭 Here’s everything you need to know about Transformers & Rectifiers (TARIL)—a leader in an industry where supply cannot match up to demand

#StockMarket #investingImage
What role do Transformers play?

⚡Transformers are the backbone of India’s electricity infrastructure. They convert raw power from grids into a usable form that powers our homes, offices, and industries

🔋They’re not just electrical components—they are enablers of India’s energy securityImage
Quick Snapshot of TARIL

✅Mkt Cap ~ ₹10,654 Cr

✅CMP ~ ₹708/-

✅P/E ~ 88.2x

✅PEG Ratio ~ 1.54

✅1Y Return ~ 299%
Read 12 tweets
Mr.TalkStock Profile picture
Sep 12, 2024
🚨⚡️BREAKING NEWS – Govt. Announces Brand New EV Subsidy Scheme

😮But it skips out Electric & Hybrid Cars!!!!

💸 The “PM E-Drive” Scheme has an outlay of ₹10,900 Crores for 2 years announced just few hours ago

It’s focus is purely on Electric
🛵 2-Wheelers
🛺 3-Wheelers
🚎 Buses
🔌 Charging Infrastructure

🤜 Here’s a head-to-head of the scheme’s 2 biggest beneficiaries – JBM Auto vs. Olectra Greentech

#StockMarket #investingImage
The PM Electric Drive Revolution (PM E-Drive) will spend 3,679 crore to support
🛵 24.79 lakh electric 2-W
🛺 3.16 lakh electric 3-W
🚎 14,028 electric buses

🚌 A further ₹4,391 Cr will be provided to purchase 14,028 electric buses by public transport agencies

🔌 A special emphasis has been laid on building charging infrastructure — a key bottleneck in large-scale adoption of EVs

⚡️The focus is clearly on electrifying public transport as Union Minister Ashwini Vaishnaw said“There is no provision for electric (or hybrid) cars under new scheme"
Here’s a quick snapshot of these 2 E-Bus makers

🚍JBM Auto

✅Mkt cap ~ ₹22,726 Cr
✅CMP ~ ₹1,926/-
✅P/E ~ 125x
✅PEG ~ 125x
✅1Y Return ~ 32.70%

🔋Olectra Greentech

✅Mkt cap ~ ₹13,280 Cr
✅CMP ~ ₹1,618
✅P/E ~ 160x
✅PEG ~ 125x
✅1Y Return ~ 35%

Now, let's dive into each one of them
Read 15 tweets
Mr.TalkStock Profile picture
Sep 1, 2024
♻️Turning Trash Into Treasure: Gravita India & Pondy Oxides Chemicals

👉Both are in the business of recycling, mainly Lead

👉Both are critical to India’s circular economy

👉And both have been a smash hit with investors recently

Let’s check them out

[Bookmark this]
🧵

#StockMarket #investing
@SureshKBNImage
To begin with, here's a quick snapshot of these 2:

♻️Gravita India
✅Mkt Cap ~ ₹15,721 Cr
✅CMP ~ ₹2,277/-
✅P/E ~ 61.8 X
✅1Y Returns~ 190%

🏭Pondy Oxides & Chemicals
✅Mkt Cap ~ ₹2,267 Cr
✅CMP ~ ₹1,798/-
✅P/E ~ 47.7 X
✅1Y Returns~ 271%
♻️Firstly, let’s understand the meaning of “Circular Economy” & why it’s important

🔷The circular economy is all about reducing waste by reusing, recycling, & regenerating materials

🔶It focuses on making products last longer & using resources efficiently to create a more sustainable & resilient economy

🔷It’s a smarter way to keep our planet greener!

🔶India's large population & diverse industrial base make it crucial to adopt circular economy to address environmental challenges, particularly in the face of a resource scarcity
Read 17 tweets

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