Infra stock gains attention following the acquisition of a ₹60 million contract from NCC for the Adani Power project
Infra stock: Shares of Trishakti Industries Limited, a leading infrastructure solutions provider in India specializing in renting heavy earth-moving equipment, are in the spotlight today after securing a contract from NCC Limited valued at Rs. 6 crores to support the Adani Power Project.
With a market capitalization of Rs. 272 crores, Trishakti Industries Limited opened lower at Rs. 166.6, a 2 percent decrease from its previous closing price of Rs. 170.
The latest news from Trishakti Industries Limited, as disclosed in their regulatory filings with the BSE, is the acquisition of a Rs. 6 crores contract from NCC Limited. The contract is set to be fulfilled within the next 12 months, with Trishakti Industries Limited providing advanced earth-moving heavy equipment to support the Adani Power Project.
In the past, Trishakti Industries Limited has successfully secured contracts from reputable companies such as Larsen & Toubro Limited (L&T) and KEC International Limited. These contracts involved supplying heavy machinery to support various projects, including the Kolkata Metro Project and Tata Steel’s Plant.
Despite a significant decline in revenue from operations, dropping by 92.2 percent year-over-year from Rs. 36.43 crores in Q2 FY24 to Rs. 2.85 crores in Q2 FY25, Trishakti Industries Limited saw a substantial increase in net profit during the same period. The net profit surged from Rs. 0.08 crores to Rs. 0.87 crores, marking an impressive 987.5 percent year-over-year growth.
Management Guidance & Capex Update
Trishakti Industries is currently in the process of investing Rs. 400 crore in capital expenditures from FY25 to FY27. As of the first half of FY25, the company had already spent Rs. 11.5 crores on capex.
The capex plan for FY25 is set at Rs. 38.5 crores, which will then increase to Rs. 100 crores in FY26, and further to Rs. 250 crores in FY27. This investment will also lead to an expansion in the company’s fleet size, which currently stands at 15 units in H1 FY25, and is expected to grow to 30 units by FY25, 75 units by FY26, and 150 units by FY27.
By the end of H1 FY25, Trishakti Industries had already purchased machinery worth Rs. 11.5 crores, with total procurement reaching Rs. 16 crores by Q3 FY25. The company is on track to meet its FY25 capex target of Rs. 50 crores.
With a focus on capital expenditures and a strategic approach to capitalize on the infrastructure boom and growth in various sectors, Trishakti Industries is projected to achieve a revenue of Rs. 90-100 crores by FY28, with operating margins expected to exceed 60-65 percent.
Stock Performance
Trishakti Industries’ stock has shown impressive returns, with gains of nearly 307 percent over the past year and around 217.3 percent in the last six months. However, the shares have experienced a slight decline, with negative returns of about 6.7 percent in the last month.
About the Company
Established in 1985, Trishakti Industries Limited specializes in infrastructure and heavy equipment lease rentals.
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