Transrail Lighting IPO Peer Comparison
Transrail Lighting Limited peer comparison with similar listed entities. (As on March 28, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|
| Transrail Lighting Limited | 19.59 | 19.59 | 86.79 | | 21.68 | | Consolidated |
| Kec International Ltd. | 13.49 | 13.49 | 159.00 | 91.95 | 8.50 | 7.80 | Consolidated |
| Kalpataru Projects International Limited | 31.76 | 31.76 | 316.00 | 36.72 | 10.00 | 3.69 | Consolidated |
| Skipper Ltd | 7.66 | 7.14 | 84.00 | 75.97 | 9.10 | 6.93 | Consolidated |
| Patel Engineering Ltd. | 3.64 | 3.54 | 38.00 | 15.57 | 9.56 | 1.49 | Consolidated |
| Bajel Projects Limited | 0.37 | 0.37 | 49.00 | 702.97 | 0.80 | 5.31 | Standalone |
Source for Transrail Lighting Limited: Based on the Restated Consolidated Financial Statements for the year ended March 31, 2024, and the CRISIL Report commissioned by and paid for by the Company under an engagement letter with CRISIL issued on July 10, 2023, Bajel projects Ltd (BPL)incorporated in January 2022, is a wholly owned subsidiary of Bajaj Electricals Limited (BEL). The EPC business operated under BEL is transferred to BPL as a part of the demerger scheme announced by BEL. Post demerger, BPL is listed on stock exchanges. BPL is a standalone entity, and consolidated accounts are not available; hence, standalone figures have been considered for comparison.
- The P/E ratio has been mathematically computed based on the closing market price of equity shares on December 4, 2024, divided by the Basic EPS(on a consolidated basis) declared by the peers available from the CRISIL Report for the Financial Year ending March 31, 2024. The extract of the Prices on December 4, 2024, is as per the extract of the stock exchanges attached herewith and initiated by us for identification. The PE Ratio is not applicable for the Company.
- Industry Peer Group P/Eratio of Bajel Projects Limited is not considered as it shows an extra ordinary P/E ratio.
- The face value per share as of March 31, 2024, has been extracted from the annual report of the industry peers provided to us by management.
- All the financial information for listed industry peer mentioned above is consolidated. It is sourced from the CRISIL Report commissioned by and paid for by our Company under an engagement letter with CRISIL issued on July 10, 2023, attached herewith and initiated for identification. The Above information has not been adjusted for any changes in the Outstanding number of shares that have been issued since March 2024 and any corporate actions of any kind resulting in a change in any of the ratios as given above.
- For Transail Lighting Limited, RoNW is computed as net profit after tax (including profit attributable to non-controlling interest) divided by net worth. Net worth has been computed as the sum of paid-up share capital and other equity, Excluding Capital Reserve and employee stock option outstanding reserve. NAV is calculated as the closing net worth divided by the closing outstanding number of equity shares.
