Trishakti Industries Surges 5% After Securing Order from Jindal Stainless
Stock Hits Upper Circuit Amidst Major Work Order Win
The shares of Trishakti Industries Ltd, a leading player in the heavy earth-moving equipment rental and leasing space, hit a 5% upper circuit at ₹148.8 per share on February 13, 2025. This surge came after the company announced a major contract win from Jindal Stainless Ltd for its ongoing steel project.
With a market capitalization of ₹240.63 crores, Trishakti Industries has delivered multibagger returns, making it a favorite among investors. The company’s stock has skyrocketed 203% in the past year, 983.5% over three years, and an astounding 5,226.5% over five years, reflecting strong investor confidence.
Major Order from Jindal Stainless Ltd: Details & Impact
According to an official press release dated February 13, 2025, Trishakti Industries has secured a contract worth ₹2.6 crores to supply advanced heavy machinery for Jindal Stainless Ltd’s steel project. The contract duration is set for five months, indicating short-term revenue visibility.
This latest order reinforces Trishakti’s dominant position in the infrastructure and industrial equipment leasing sector. It also highlights the company’s growing client base, which includes industry giants such as L&T, Reliance, Tata, RVNL, ONGC, and Oil India.
Stock Performance & Past Returns
Trishakti Industries has witnessed a remarkable rally over the years, rewarding its investors handsomely:
| Time Period | Stock Return (%) |
|---|---|
| 1 Year | 203% |
| 3 Years | 983.5% |
| 5 Years | 5,226.5% |
Such outstanding growth has positioned Trishakti as one of the best-performing stocks in the industrial sector.
Financial Performance: A Mixed Bag
Despite the stock’s strong upward momentum, Trishakti’s financial performance has shown significant decline in recent quarters.
In Q3FY25, the company reported a 95% YoY drop in Revenue from Operations, falling from ₹32.33 crores in Q3FY24 to ₹1.57 crores. Similarly, Net Profit plummeted by 96% from ₹0.26 crores to ₹0.01 crores during the same period.
This stark decline raises concerns about operational efficiency, but the new contracts from Jindal Stainless Ltd and NCC Limited might help revive revenue growth in upcoming quarters.
Previous Order from NCC Limited for Adani Power Project
This is not the first time Trishakti Industries has secured a high-value contract.
On January 22, 2025, the company won a ₹6 crore order from NCC Limited to supply advanced earth-moving equipment for the Adani Power Project. This 12-month contract further strengthens Trishakti’s position in the infrastructure and energy sectors.
Trishakti Industries: Company Overview & Growth Plans
Trishakti Industries Ltd is a leading infrastructure solutions provider specializing in the rental and leasing of heavy earth-moving equipment. The company caters to sectors such as steel, cement, railways, and construction, providing advanced machinery to support large-scale projects.
To bolster its future prospects, Trishakti has planned a ₹400 crore CAPEX investment from FY25 to FY27, aimed at expanding its fleet and enhancing operational capabilities.
Key Financial Ratios & Valuation Metrics
Here’s a detailed look at Trishakti Industries’ financial health:
| Metric | Value |
|---|---|
| Market Cap | ₹243 Cr. |
| Current Price | ₹149 |
| 52-Week High/Low | ₹191 / ₹43.6 |
| Stock P/E | 98.6 |
| Book Value | ₹8.10 |
| Dividend Yield | 0.10% |
| ROCE (Return on Capital Employed) | 9.88% |
| ROE (Return on Equity) | 6.46% |
| Debt to Equity Ratio | 1.16 |
| Industry P/E | 20.0 |
| Total Debt | ₹15.4 Cr. |
| Intrinsic Value | ₹40.8 |
| Graham Number | ₹17.4 |
| Piotroski Score | 3.00 |
| ROIC (Return on Invested Capital) | 7.90% |
While Trishakti Industries exhibits strong market presence and growth potential, its high P/E ratio of 98.6 suggests that the stock is significantly overvalued compared to the industry average of 20. Additionally, the debt-to-equity ratio of 1.16 indicates moderate leverage, requiring prudent financial management.
Final Thoughts: Is Trishakti Industries a Good Investment?
Trishakti Industries has cemented itself as a key player in the infrastructure sector, backed by a strong client portfolio and strategic expansion plans. The latest order from Jindal Stainless Ltd and past deals with NCC Limited showcase its ability to win big contracts.
However, the company faces financial challenges, with significant revenue and profit declines in recent quarters. Investors should weigh growth potential against current financial performance before making investment decisions.
Key Takeaways
✅ Multibagger stock with massive returns over 1, 3, and 5 years
✅ Strong presence in infrastructure, steel, and energy sectors
✅ Major work orders from Jindal Stainless and NCC Limited
✅ ₹400 crore CAPEX plan from FY25 to FY27
⚠️ Sharp decline in revenue and profits in Q3FY25
⚠️ High valuation compared to industry average
With upcoming project executions and strategic investments, Trishakti Industries remains a stock to watch closely in the coming months.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.