Trishakti Industries Stock in Focus After ₹60 Million Contract from NCC
Stock Performance and Market Cap
Shares of Trishakti Industries Limited, a premier infrastructure solutions provider specializing in hiring heavy earth-moving equipment, are in focus on Wednesday after securing a contract from NCC Limited worth ₹6 crore to support their Adani Power Project. The stock opened in the red at ₹166.6, down by 2%, compared to its previous closing price of ₹170, with a market capitalization of ₹272 crores.
New Contract from NCC Limited
Trishakti Industries Limited announced in its latest regulatory filings with the BSE that it has received a contract from NCC Limited worth ₹6 crore, with the order scheduled to be executed within 12 months. Under this contract, Trishakti Industries will supply advanced earth-moving heavy equipment worth ₹6 crore to support NCC’s Adani Power Project.
Previous Orders
- January 1, 2025: The company secured a contract from Larsen & Toubro Limited (L&T) to supply machines worth ₹2.5 crore to support their Kolkata Metro Project.
- January 1, 2025: Trishakti Industries Limited received its largest-ever order from KEC International Limited. Under this contract, the company will deploy heavy machines valued at ₹9 crore to support their Tata Steel’s Plant.
Financial Performance
Trishakti Industries reported a decline in revenue from operations, experiencing a fall of nearly 92.2% YoY, decreasing from ₹36.43 crores in Q2 FY24 to ₹2.85 crores in Q2 FY25. However, the company’s net profit increased from ₹0.08 crores to ₹0.87 crores over the same period, representing a rise of around 987.5% YoY.
Management Guidance and Capex Update
The company is undergoing a ₹400 crore capex investment over the period from FY25 to FY27. As of the first half of FY25, the company’s capex amounted to ₹11.5 crores. The capex plan for FY25 is ₹38.5 crores, which will increase to ₹100 crores in FY26, and further to ₹250 crores in FY27. The company's fleet size is expected to grow from 15 units in H1 FY25 to 30 units by FY25, 75 units by FY26, and 150 units by FY27. By Q3 FY25, the total procurement of machinery had reached ₹16 crores, with the company remaining on track to meet its FY25 capex target of ₹50 crores. Driven by ongoing capex and the company's strategy to leverage the infrastructure boom, Trishakti Industries is projected to achieve a revenue of ₹90-100 crores by FY28, with operating margins exceeding 60-65%.
Stock Performance
The stock has delivered multi-bagger returns of nearly 307% in one year, as well as around 217.3% returns in the last six months. However, the shares of Trishakti Industries have given negative returns of about 6.7% in the last month.
About Trishakti Industries Limited
Established in 1985, Trishakti Industries Limited is engaged in the business of infrastructure/heavy equipment lease rental.
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