Trishakti Industries Ltd

Q4 FY26Commercial Services & Supplies

Trishakti Industries Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹249

Market cap₹375 Cr

P/E34.0

Updated23 Aug 2026

Read4 min read

The short version

Demand outlook is very positive for the next 2-3 years with continuous new RFUs for cranes ranging from 50 to 750 tons. FY27 order book stands at around INR 62 crores with strong demand expected to continue. - FY27 revenue guidance is INR 62 crores, with current Average Run Rate (ARR) at approx.

From Trishakti Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Demand outlook is very positive for the next 2-3 years with continuous new RFUs for cranes ranging from 50 to 750 tons.
No current demand issues; demand is growing daily, driven by sectors like renewable energy, metros, chemical, and core infrastructure.
The company expects strong growth from new long-term contracts, many of which are likely to be extended beyond December 31.
Fleet size has doubled in recent quarters, reflecting anticipated demand; utilization rates expected to stay above 95% especially for 50-250 ton machines.
Projected revenue growth includes reaching INR 62 crores in FY27 and continuing expansion towards INR 100 crores in subsequent years.
Expansion focuses on diversified sectors to minimize customer concentration risk.
Company confident in sustaining 3% monthly gross yields and targeting a return on capital (ROC) of 22-25%.

Profitability & Margins

FY27 order book stands at around INR 62 crores with strong demand expected to continue.
FY27 revenue guidance is INR 62 crores, with current Average Run Rate (ARR) at approx. INR 5 crores per month.
Margins are expected to stabilize; adjusted EBITDA margin around 58%, factoring in subvention income.
Significant CapEx of INR 210 crores done in FY26; full benefits expected from FY27 onwards, improving profitability.
Targeted Return on Capital (ROC) is 22-25%, indicating strong operating efficiency.
Debt-to-equity ratio targeted around 1.5-2.0 times, ensuring financial stability.
Fleet expansion focusing on 50-250 ton machines to sustain utilization above 95% and stable gross yields (~3% monthly).
Expect debt repayment of INR 40-45 crores yearly, enabling borrowing capacity expansion and supporting growth.
No immediate demand slowdown; strong order inflow from sectors like renewable energy and core infrastructure.

See what Trishakti Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- The company has undertaken a significant CapEx expansion, deploying INR 210 crores fresh CapEx in FY26, more than double the initial guidance of INR 100 crores. - Current CapEx focus is on machines in the 50 to 250 ton category, aiming to optimize fleet utilization above 95%. - Plans to expand fleet towards 200+ machines, particularly targeting 150, 160, 200, 220, and 260 ton machines; ten machines of these categories can cost around INR 40-50 crores. - Bought around INR 60-65 crores worth of machines in Q4 alone, continuing robust fleet expansion. - Future CapEx targets include approx INR 400 crores total deployment, aiming for a sustainable order book and long-term contracts. - Strategy includes diversifying fleet across products and sectors (renewables, chemical, metros) to mitigate concentration risk. - Expecting real revenue benefits of FY26 CapEx to materialize mainly from FY27 onwards, with a 12-month run rate by FY28. Overall, the company is aggressively investing in fleet expansion with a strategic focus on diversification and long-term contracts.

Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

5x potential

1Anlon Tech₹558 Cr

Rev 1Mar 3

2Techknowgreen₹99 Cr

Rev 1Mar 3

3₹52 Cr

Rev 2Mar 2

4₹7.1K Cr

Rev 2Mar 3

5₹6.9K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company is actively managing its debt with a focus on debt-to-equity ratio around 1.5 to 2 times.
They take 3 to 4-year funding with repayments of approximately 2.5% monthly, leading to fast debt repayment.
By the end of the year, after repaying INR 40-45 crores of debt, they expect to be able to borrow an additional INR 100 crores.
The management indicated comfort in taking on debt as long as there is demand visibility and internal approvals are smooth.
No explicit mention of raising equity; focus appears to be on debt management and sustainable borrowing aligned with order book strength and financial stability.
Continuous CAPEX expansion funded through borrowings and internal cash flows, with no immediate plans to slow down leverage unless demand decreases.

See what Trishakti Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The current order book for FY27 stands at approximately INR 62 crores.
This figure includes confirmed contracts, with additional overtime revenues expected, which are variable and cannot be precisely quantified.
Contracts have been extended till 31st December, with expectations of further extensions for another 12 months.
The company is confident about demand visibility and sustaining order flow over the next 8-9 months without any demand issues.
The company targets entering long-term contracts (2-3 years) to ensure sustainable CapEx payback periods.
Early contract renewals and ongoing discussions indicate a healthy pipeline and continued fleet utilization.

Trishakti Industries Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹9 Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Trishakti Indus's management said in earlier quarters

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Frequently Asked Questions

What were Trishakti Industries Ltd Q4 FY26 results?

What is Trishakti Industries Ltd share price analysis?

Trishakti Industries Ltd currently shows a neutral. The stock trades at a P/E of 34.0 with a market cap of ₹375 Cr. Investors should review the full earnings analysis for detailed insights.

Is Trishakti Industries Ltd planning capital expenditure?

The company has undertaken a significant CapEx expansion, deploying INR 210 crores fresh CapEx in FY26, more than double the initial guidance of INR 100 crores.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.