Trom Industries Q2 FY26 Share Price & Earnings Call Analysis

₹55.20+0.00% today
Market cap
₹51 Cr
P/E
7.32
ROE
13.78%
PEG
0.04
Price to sales
0.41
Debt to equity
0.59
52W high / low
₹98.0 / ₹44.0
Sales growth (5Y)
40.78%
EBITDA margin
8.54%
Net profit margin
5.61%
Promoter holding
69.52%
Sales (last year)
₹123 Cr

Incorporated in 2011, Trom Industries Ltd is engaged in the solar EPC business[1]

Guidance scorecard · Q2 FY26 call

What Trom Industries Ltd's management guided
and where it ranks in Electrical Equipment

#44of 58 in
Electrical Equipment

RevenueQ2 FY26 call

20–40%
  • The company is targeting a revenue growth of around 30% for the upcoming financial years (FY26, FY27), aiming to achieve INR120-130 crores.
  • Growth is expected through expansion in commercial, industrial, and government markets with new project executions.
  • Trom Industries plans to expand geographically beyond Gujarat and Maharashtra into Rajasthan and MP.
  • They are focusing on new growth areas such as battery storage systems and green hydrogen, anticipating these will significantly contribute in the near future.

2 more points from Trom Industries Ltd's call on revenue

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Full Q2 FY26 analysis

MarginsQ2 FY26 call

Flat

See what Trom Industries Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

Planned
  • Trom Industries is planning to enter and expand in the battery storage system (BSS) market, which is seen as a huge future opportunity in India.
  • The company is working on green hydrogen projects and actively participating in seminars and exhibitions, indicating strategic investment in this emerging sector.
  • They are also developing a unique and robust manufacturing product, aiming to enter merchant manufacturing, though details are yet to be disclosed.
  • The company intends to maintain manufacturing capabilities alongside EPC and RESCO models, expecting 30%-40% growth annually.
  • Trom Industries is investing in digital tools and AI for O&M operations, using software like SAP ERP and app-based monitoring systems to improve efficiency.

2 more points from Trom Industries Ltd's call on capex

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Full Q2 FY26 analysis

FundraisingQ2 FY26 call

Planned

See what Trom Industries Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

  • Current order book is around INR 30 crores that is executable before March 2026.
  • Additional smaller orders worth INR 15-20 crores expected to be completed by December 2025.
  • Management is targeting INR 120-130 crores orders for FY 2026-27 based on ongoing discussions and pipeline.
  • Approximately 27 megawatts of RESCO orders are in the pipeline to be executed within a year.
  • Biggest orders include projects from Government Energy Development Agency (GEDA), Jyotindra International, Hermes Technology, and Bihar Renewable Energy (~INR 35 crores).

2 more points from Trom Industries Ltd's call on the order book

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Full Q2 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. 3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

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Financials of Trom Industries Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Trom Industries Ltd

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Trom Industries Ltd

Profit & Loss

Annual income statement trend

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2230245493123
Expenses +2230234686113
Operating Profit1118711
OPM %4%2%5%15%7%9%
Other Income +000011
Interest001112
Depreciation000000
Profit before tax0008610
Tax %33%25%28%25%25%27%
Net Profit +000657
EPS in Rs290.00360.00290.008.805.017.53
Dividend Payout %0%0%0%0%0%0%

Financials of Trom Industries Ltd

Balance Sheet

Capital structure and asset base

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.010.01699
Reserves22263844
Borrowings +21561532
Other Liabilities +141514112019
Total Liabilities1819222982105
Fixed Assets +000001
CWIP000000
Investments000000
Other Assets +1818212982103
Total Assets1819222982105

Financials of Trom Industries Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +11-2-6-18
Cash from Investing Activity +00-02-3
Cash from Financing Activity +-1-12438
Net Cash Flow0-0-0016
Free Cash Flow11-2-6-18
CFO/OP177%129%-182%-72%-243%

Financials of Trom Industries Ltd

Ratios

Working capital efficiency and return ratios

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days174143182839989
Inventory Days181351113110120
Days Payable205169196715239
Cash Conversion Cycle-13-1337125158170
Working Capital Days27197510111686
ROCE %23%23%66%18%16%

What Trom Industries Ltd's management said in earlier quarters

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