Stories
Stocks to Buy: Transrail Lighting Target Set at Rs 851 with 80% Upside Potential
C
CNBC Awaaz•06-10-2026, 19:59
Stocks to Buy: Transrail Lighting Target Set at Rs 851 with 80% Upside Potential
- •Antique Stock Broking has initiated coverage on Transrail Lighting with a Buy rating and a target price of Rs 851, indicating an 80 percent upside from current levels.
- •The company specializes in Power Transmission and Distribution EPC projects, backed by over four decades of experience and more than 300 completed projects globally.
- •Transrail manufactures its own towers and conductors, providing better control over quality, material availability, and project completion timelines.
- •The company's order book stands at Rs 16,030 crore with 39 percent coming from international markets, ensuring strong revenue visibility for the next two years.
- •Key risks include potential project delays, payment bottlenecks from customers, fluctuations in raw material prices, and geopolitical tensions.
Key Questions Answered
Antique Stock Broking initiated coverage on Transrail Lighting with a 'Buy' rating and set a target price of Rs 851, representing an expected upside of about 80 percent from its starting share price of Rs 465.
According to Antique's report, revenue is estimated to grow from Rs 6,880 crore in FY26 to Rs 13,575 crore in FY29, while adjusted profit is expected to increase from about Rs 416 crore to Rs 916 crore.
Transrail Lighting operates in the Power Transmission and Distribution business through EPC projects, while also manufacturing towers and conductors with tower capacity reaching 1,72,000 metric tonnes in FY26.
