Fundamental Analysis (Long term)

10 Mar 2025 04:09

Revenue Model & Contribution

Revenue Model:

🔹Turnkey EPC Contracts - Revenue from end-to-end project execution across Power T&D, Railways, Civil, and Poles & Lighting

🔹Government & Private Infrastructure Projects -Contracts from Power Grid, Indian Railways, Metro Projects, and Smart Cities

🔹International Business – Projects secured across Africa, SAARC, and Southeast Asia, backed by multilateral funding agencies

📈 Revenue Contribution (By Sector):

🔹Power Transmission & Distribution – 90.52%
🔹Civil Infrastructure – 5.51%
🔹Railways – 2.44%
🔹Poles & Lighting – 1.53%

⚙️ Core Raw Materials Used:

🔹Steel (Angles, Plates, Coils, Wires), Zinc & Aluminum Ingots - Primary materials for tower, pole, and conductor manufacturing
🔹Aluminum & Copper - Used in conductors for high-voltage power transmission
🔹Cement & Reinforcement Materials - For civil infrastructure projects

🏭 Manufacturing & Procurement Strategy:

🔹Key Products: Lattice transmission towers, conductors, steel monopoles, streetlight poles, high-masts, railway electrification masts, stadium masts, traffic light poles, derrick structures & solar streetlights
🔹Towers & Conductors Contribution: ~60% of total transmission line project value
🔹Bought-Out Materials: ~10% of project costs procured from third-party suppliers
🔹Raw Material Sourcing: Domestic & international suppliers, including China
🔹Project-Specific Procurement: Materials (especially steel & aluminum) typically consumed within 30-45 days
🔹Supplier Agreements: Long-term deals for aluminum & steel, ensuring timely material availability

📌With a strong EPC execution model, efficient raw material sourcing, and a well-diversified revenue mix, Transrail is positioned for long-term growth

Fundamental Analysis (Long term)

10 Mar 2025 04:07

Transrail Lighting Limited - Who Are They?

🔹Founded: 1984

🔹Headquarters: Mumbai, India

🔹Business Model: EPC solutions in Power Transmission & Distribution, Civil Infrastructure, Poles & Lighting, and Railways

🔹Presence: Pan-India + Global footprint across 58 countries

🔹Market Position: Leading Indian EPC player in Power T&D with robust execution capabilities

🔹Order Book: ₹15,643 Cr including T1 from concall + ₹2,752 Cr new orders recently received.

🔹Manufacturing Capacity:
4 Integrated Plants
Deoli (MH) - 50,000 MTPA towers
Vadodara (GJ) - 30,000 MTPA towers
Silvassa - Conductors (DNH) – 50,000 MTPA
Silvassa - Poles (DNH) - 12,000 MTPA

With increasing infrastructure investments, global expansion, and a strong manufacturing base, Transrail is on a high-growth trajectory.

Fundamental Analysis (Long term)

10 Mar 2025 04:04

Transrail Lighting Limited - A Detailed Analysis

Fundamental Analysis (Long term)

08 Mar 2025 06:18

https://youtu.be/EOPzP5R-ddc

Fundamental Analysis (Long term)

07 Mar 2025 07:46

Rites says

🎯 Company's aim is to reach total order book of Rs.10,000 cr in the next two quarters

Revenue Growth Guidance
FY25 👉 -10%
FY26 👉 +20% with 10% PAT growth

Fundamental Analysis (Long term)

07 Mar 2025 06:20

INTERNATIONAL CONVEYORS : PROMOTER BOUGHT 0.05% ON 6 th MARCH VIA OPEN MARKET

NETLINK SOLUTIONS : PROMOTER SOLD 1.38 % ON 6 th MARCH VIA OPEN MARKET

RAIN INDUSTRIES : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

MONOTYPE INDIA : PROMOTER SOLD 0.08% ON 6 th MARCH VIA OPEN MARKET

AGRO TECH FOODS : PROMOTER INFINITY PORTFOLIO HOLDINGS BOUGHT 0.03% ON 6 th MARCH VIA OPEN MARKET

NETLINK SOLUTIONS : PROMOTER SOLD 1.38 % ON 6 th MARCH VIA OPEN MARKET

INTERNATIONAL CONVEYORS : PROMOTER BOUGHT 0.14 % ON 6 th MARCH VIA OPEN MARKET

CREST VENTURES : PROMOTER BOUGHT 0.04% ON 6 th MARCH VIA OPEN MARKET

RASHI PERIPHERALS : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

VEERHEALTH CARE : PROMOTER BOUGHT 0.22 % ON 6 th MARCH VIA OPEN MARKET

SOLAR ACTIVE PHARMA SCIENCES : PROMOTER BOUGHT 0.03% ON 6 th MARCH VIA OPEN MARKET

G N A AXLES : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

CONTROL PRINT : PROMOTER BOUGHT 0.63 LKH STAKES ON 6 th MARCH VIA OPEN MARKET

VEERHEALTH CARE : PROMOTER BOUGHT 0.22 % ON 6 th MARCH VIA OPEN MARKET

GARNET INTERNATIONAL : PROMOTER BOUGHT 0.08 % ON 6 th MARCH VIA OPEN MARKET

ADOR WELDING : PROMOTER BOUGHT 0.01 % ON 6 th MARCH VIA OPEN MARKET

ARCHIT ORGANOSYS : PROMOTER BOUGHT 0.21 % ON 6 th MARCH VIA OPEN MARKET

SHAKTI PRESS : PROMOTER BOUGHT 0.01 % ON 6 th MARCH VIA OPEN MARKET

RRIL : PROMOTER BOUGHT 0.05 % ON 6 th MARCH VIA OPEN MARKET

Fundamental Analysis (Long term)

07 Mar 2025 04:01

Good Morning Friends

Fundamental Analysis (Long term)

06 Mar 2025 07:29

ADANI WILMAR MANAGEMENT ON RECENT TOPS ACQUISITION , Says Acquired Biz can do 1000 Cr revenue in 3-4 yrs from 400 Cr in FY24 - CNBCTV18

See over 300-400 Bps margin improvement from 8% currently in the acquired business

Upside for 20% equity payment Capped

Fundamental Analysis (Long term)

06 Mar 2025 07:20

Promoters buying 👍

Zee Entertainment 👉 Promoters bought 27 lakh shs, stake moves to 4.28% vs 3.99%

PVR 👉 Promoters made a small purchase.
Mr. Abneesh Roy views this positively

Earlier highlighted promoter buying- a good sign

Fundamental Analysis (Long term)

06 Mar 2025 05:44

HUDCO Says We Have Been Careful In Financing Infrastructure Projects

Government Has Set 35% As The Ceiling For Us To Provide Working Capital Loans

Will Not Compromise On Loan Mix

Fundamental Analysis (Long term)

05 Mar 2025 16:17

Recent Insider Buying Activity in Small & Midcap Stocks!

Fundamental Analysis (Long term)

04 Mar 2025 06:15

JUPITER WAGONS : JUPITER group Says Vehicles Will Start Rolling Out To Dealers This Month

Launch Of The Car Had Been In The Works For The Last Three Years - CNBCTV18

Fundamental Analysis (Long term)

03 Mar 2025 16:28

What does the growth look like going forward?
Transrail Lighting Limited

1. FY25 Revenue Growth Target: 30% YoY
2. FY26 Revenue Growth Target: 25% YoY
3. EBITDA Margin Outlook: Sustaining 12.5%+ due to backward integration and high-margin T&D orders.
4. Order Book Growth: Expected to maintain a 50:50 domestic-international mix.
5. Key Focus Areas: Expansion in solar EPC, civil infrastructure, and bullet train projects.

KEC International Limited
1. FY25 Revenue Growth Target: 12-14% (revised from 15% due to water and railway delays).
2. FY26 Revenue Growth Target: 15%+ across segments.
3. EBITDA Margin Outlook: Targeting 9-10% in FY26, driven by T&D business (already at double-digit margins).
4. Order Pipeline: Strong opportunities in India, Saudi Arabia, and Abu Dhabi, with a T&D tender pipeline of ₹50,000 crore.
5. Key Focus Areas: Scaling up renewables, expanding civil business, and optimizing working capital in water and railways.

Fundamental Analysis (Long term)

03 Mar 2025 16:26

Coming to their Financial Performance

Transrail Lighting Limited

1. Revenue: ₹1,357.56 crore in Q3 FY25 (62.13% YoY growth).

2. 9M FY25 Revenue: ₹3,361.74 crore (25.25% growth).

3. EBITDA: ₹179.80 crore in Q3 (13.24% margin); ₹438.48 crore for 9M (13.04% margin).

4. PAT: ₹93.24 crore in Q3 (91.87% YoY growth).

5. Order Book: ₹15,643 crore (49% domestic, 51% international), with an L1 position of ₹4,144 crore and the ₹2,572 crore recently won.

6. Debt & Working Capital: Maintains strong commercial payment security via letters of credit for international projects.

Fundamental Analysis (Long term)

03 Mar 2025 16:24

Let's understand their Business Model & Strategy
Transrail Lighting Limited

1. Core Business Focus: Primarily operates in the power transmission and distribution sector (85% of revenue).

2. Backward Integration: Manufacturing facilities for conductors, poles, and towers provide cost advantages over competitors.

3. Geographical Expansion: 51% of the order book is international, with a strong presence in Africa, SAARC, and Southeast Asia.

4. Capex Plans: Investing ₹327 crore over the next 18-24 months to expand existing plants and set up a new tower manufacturing unit.

5. Diversification Strategy: Entering the solar EPC segment and targeting government infrastructure projects like India's bullet train project.

Fundamental Analysis (Long term)

10 Mar 2025 04:08

Business Model - How Does Transrail Make Money?

EPC Projects (Engineering, Procurement & Construction)

🔹Builds power transmission lines, substations, and monopoles

🔹Executes railway electrification (OHE, signaling, telecom)

🔹Undertakes civil infrastructure projects like bridges, roads & tunnels

🔹Supplies high-mast lighting, streetlights, and utility poles

Manufacturing & Sales (as a part of its EPC key contracts)

🔹Produces transmission towers (steel lattice structures)
🔹Manufactures conductors for power transmission

🔹Supplies steel poles for streetlights & smart city projects

Segments Served:

✅ Power Utilities & Transmission Operators - Power Grid, State DISCOMs, Private T&D players

✅ Railways & Metro Projects - Electrification & signaling infrastructure

✅ Smart Cities & Urban Infrastructure - Street lighting, poles & smart infrastructure

📌 With integrated manufacturing, strong execution, and a global presence, Transrail is a leader in infrastructure solutions.

Fundamental Analysis (Long term)

10 Mar 2025 04:05

- Transrail is a leading EPC player specializing in power transmission & distribution, civil infrastructure, poles & lighting, and railways.

- With a strong order book, international presence, and aggressive growth strategy, Transrail is positioned for sustained expansion.

📌Founded: 1984 | Expertise: 40+ years
💰Market Cap: ₹7,152 Cr
📊52W High/Low: ₹719 / ₹465
💸Current Price: ₹533

Fundamental Analysis (Long term)

10 Mar 2025 03:47

One company analysis coming up stay tuned 😊

Fundamental Analysis (Long term)

08 Mar 2025 04:41

Tax Loss Harvesting -

Definition - Tax Loss Harvesting ( TLH ) is the act of booking unrealized losses on stocks or mutual funds to reduce taxable gains and minimize tax payable.

Set-Off Rules -

Long-Term Capital Loss ( LTCL ) -

Can be set off only against long-term capital gains ( LTCG ).

Cannot be set off against short-term capital gains ( STCG ).

Short-Term Capital Loss ( STCL ) -

Can be set off against either STCG or LTCG.

Carry Forward Losses - If losses cannot be fully set off in the same financial year:

Both STCL and LTCL can be carried forward for 8 assessment years.

Tax Rates -

#STCG - 15% of the gain ( till July 22, 2024 ).

20% of the gain ( post July 22, 2024 ).

#LTCG -

Tax-free up to ₹1.25 lakh annually.

Above ₹1.25 lakh -

Taxed at 10% ( till July 22, 2024 ).

Taxed at 12.5% ( post July 22, 2024 ).

Execution Guidelines -

Sell today, buy tomorrow -

Sell between 3:15-3:30 PM.

Buy back between 9:15-9:30 AM ( next day ).

Avoid high volatility periods - Refrain from TLH during high volatility weeks to avoid losses from gap ups/downs.

Purpose over greed - TLH is meant to reduce taxes, not for trading profits.

FIFO ( First In, First Out ) Rule - When selling partially, FIFO is applied to calculate realized loss.

Realized loss might differ from the overall loss displayed in holdings.

Check detailed breakdown reports for accuracy (provided by most brokers).

Disclaimer - This is not professional tax advice. Consult a Chartered Accountant ( CA ) or taxation expert for precise calculations.

This post is educational and not a recommendation to buy / sell stocks or mutual funds

Fundamental Analysis (Long term)

07 Mar 2025 06:35

Nuvama Institutional on CNBC-TV18

Berger's Areas Of Strength, Rural & Central India Are Performing Well

Birla Opus Is Spending A Lot On Marketing & Advertising; Has Captured A 5-6% Market Share As Per Our Checks

Expect 3-4% Volume Growth For Asian Paints In Q4

Expect High Single-digit Volume Growth For Berger Paints In Q4

Urban Consumption To Recover From Q1FY26

Fundamental Analysis (Long term)

07 Mar 2025 04:18

Hexaware Technologies
#HEXT
#Hexaware

Good Q4CY24 in a seasonally lean qtr due to holidays falling in Dec

Strong margin expansion quarter

Rev at 3154cr vs 2616cr⏫21% YoY
Q3 at 3135cr⏫1% QoQ

EBITDA ⏫51% YoY
⏫2.3% QoQ despite being a lean quarter

OPM ⏫326bps YoY
⏫28bps QoQ

PBT at 417cr vs 240cr
Q3 at 405cr

PAT at 321cr vs 193cr⏫66% YoY
Q3 at 300cr⏫7% QoQ

CY24:
Rev at 11974cr vs 10,380cr
PBT at 1560cr vs 1268cr
PAT at 1174cr vs 998cr

1 customer has annual revenue of USD 100 million+

Added 4 customers with USD 20 million+

Top 10 customers formed 36% of revenue

Guidance for CY25:
Expects string growth in topline and bottomline to continue

Q1 and Q4 are seasonally lean qtrs
Q2 and Q3 will have best sequential performance

Q3 is a wage hike qtr

2 out of top 3 customers are undergoing consolidation
Expects some ramp up in Q2 and majorly in Q3

2 more significant deals are in progress
Ramp up expected in H2

ERP implementation cost would be reduced to zero by H2CY25

Overall, a very healthy set with good margin expansion despite Q4 being a seasonally lean qtr for the business

Post by Shreenidhi P

Fundamental Analysis (Long term)

06 Mar 2025 10:56

Samhi Hotels says
🏩 Revenue to grow 15-16% over the next 2-3 yrs
🏩 Net Debt will reduce to ₹1750 cr
🏩 Margins will stabilize at 40%+

Fundamental Analysis (Long term)

06 Mar 2025 07:26

Gensol Eng says

• Gensol Has Always Been A Profitable Company

• In The First Nine Months Of The Year, We Repaid Rs 230 Crore

• Immediate Priority Is To Protect The Company, Customers & More

• On The Issue Of Falsification Of Documents, As Far As We Are Aware, There Has Been Zero Wrong Doing

• Committed To Servicing The Debt Fully, Hope To Get Rating Upgrade In 3 Months

• BluSmart Has Been Growing 80% YoY, Not Even One Rupee Is Outstanding Here

Fundamental Analysis (Long term)

06 Mar 2025 05:54

SAMHI HOTEL Ceo Says Hotels will be a direct beneficiary as aviation capacity increases,'

Company's revenue will grow by 15-16% over next 2-3 years.

Fundamental Analysis (Long term)

06 Mar 2025 05:25

REC Says Disbursements Will Increase By 18%-20% YoY In FY25

Government Has Set 35% As The Ceiling For Us To Provide Working Capital Loans - CNBCTV18

Fundamental Analysis (Long term)

05 Mar 2025 16:09

Based on our understanding of the CDMO Industry

Generic CDMOs: Alivus Lifesciences, Windlas, Senores, Akums drugs, Innova Captab. These are those CDMOs which are doing contract manufacturing for drugs which are off patent.

Mix of Generics+Patented CDMOs: Hikal, Aarti Pharma Labs, Jubilant Pharmova, Laurus (doing more innovator work now). These are those CDMOs which do contract manufacturing for both Patented and off patent drugs in their CDMO verticals.

Patented CDMO businesses: Suven Pharma, Neuland Labs, Blue Jet, Divis Labs, Ami organics. These are those businesses which are doing manufacturing for Patented medicines in their CDMO verticals.

Contract research organisations:

Syngene
Sai life sciences (also have a CDMO business)

These organisations do research/development work for innovators.

Contract testing organisation: VIMTA Labs

These organisations do bio-equivalance testing for different generic pharma companies before they launch a new drug.

Fundamental Analysis (Long term)

03 Mar 2025 16:28

In conclusion,

1. Transrail Lighting Limited is an emerging T&D player with strong growth momentum post-IPO, higher EBITDA margins (13%+), and a robust international footprint. The company's backward integration and selective bidding strategy provide a competitive edge.

2. KEC International Limited is a well-established diversified infrastructure EPC company with a significantly larger order book and global reach. However, its lower EBITDA margins (6.6%) and working capital challenges in water and railways present risks.

3. Transrail offers higher-margin, T&D-focused growth, making it attractive for investors looking for strong profitability.

4. KEC provides diversification and stability, with upside potential from its T&D expansion and civil business.

5. Both companies are poised for growth, but Transrail’s aggressive revenue and margin expansion could yield higher returns in the short to medium term, whereas KEC’s large order book and global presence ensure long-term sustainability.

Fundamental Analysis (Long term)

03 Mar 2025 16:27

KEC International Limited

1. Revenue: ₹5,349 crore in Q3 FY25 (7% YoY growth).

2. 9M FY25 Revenue: ₹16,000 crore (9% growth).

3. EBITDA: ₹375 crore in Q3 (7% margin, 80 bps YoY increase); ₹1,056 crore for 9M (6.6% margin).

4. PAT: ₹161 crore in Q3 (32% YoY growth).

5. Order Book: ₹37,440 crore, with an L1 position of ₹4,000 crore.

6. Debt & Working Capital: ₹5,574 crore (reduced by ₹471 crore YoY); water and railway project receivables delayed, affecting collections.

Fundamental Analysis (Long term)

03 Mar 2025 16:26

KEC International Limited

1. Diversified Business Portfolio: Power T&D (59% revenue), civil, transportation (railways), cables, renewables, and oil & gas.

2. Global Presence & Expansion: Focuses on India, Saudi Arabia, and Abu Dhabi, with significant business in the Americas through SAE Towers.

3. Strategic Investments: Recently commissioned an aluminum conductor plant and is expanding manufacturing in Jabalpur.

4. Operational Efficiency: Streamlining the water and railway businesses due to high working capital requirements.

5. Renewable Energy Focus: Secured multiple solar EPC projects, including a 500 MW project in Rajasthan.

Fundamental Analysis (Long term)

03 Mar 2025 16:23

KEC International Limited

1. KEC International Limited is a diversified infrastructure EPC company with a significant presence in power T&D, railways (now rebranded as transportation), civil, cables, renewables, and oil & gas pipelines.
2. The company is a global leader in T&D, securing contracts in India, the Middle East, Africa, the Americas, CIS, and Australia.
3. KEC has expanded its manufacturing capacity in Dubai, Jaipur, and Jabalpur and has diversified into high-potential segments like elastomeric cables, e-beam cables, and aluminum conductors.
4. It also operates the SAE Towers business in Brazil and Mexico, focusing on tower supply and EPC projects.