Transindia Real Estate Limited (TREL)

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Transindia Real Estate Limited (TREL) · mywealthgrid

About

Transindia Real Estate Limited is a logistics solution provider in India's transport services sector with quarterly revenues typically ₹11–22 Crore (standalone basis) and market cap of ₹637.1 Crore. The company carries zero debt (D/E ratio of 0). The stock price has declined 22.99% over the past year.

Face value: ₹2

Market cap

₹671 Cr

P/E

16.3×

P/B

0.5×

Dividend yield

1.8%

ROE

2.9%

ROCE

3.6%

Debt / equity

OPM

54.5%

EPS (TTM)

₹1.7

Book value

₹52.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin swings sharply from -28% (Dec 2025) to 58.25% (Mar 2026), indicating cyclicality or operational inconsistency; verify the root cause
Return on equity is only 2.93% despite peak operating margins above 50%, suggesting capital is not generating adequate returns; verify asset utilisation and pricing
Quarterly revenues fluctuate between ₹11.2 Crore and ₹21.8 Crore with no clear pattern; verify revenue stability and customer concentration
Stock down 22.99% over 1 year despite zero debt; verify whether driven by sector-wide logistics headwinds or company-specific issues

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) enables reinvestment in capacity, fleet or customer acquisition without financial strain
Quarterly revenues reach ₹21–22 Crore, demonstrating material operating scale; verify if the customer base or service portfolio can expand
Operating margin reached 58.25% in Mar 2026, indicating potential for high-margin operations if this level recurs; verify whether sustainable or project-specific
India's transport services sector is growing; verify what share of this fragmented market the company captures and whether consolidation trends favour it

Generated analysis · source review pending

771 historical price candles were omitted because the exchange source has not been verified.

₹27.3-3.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 54.5%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 32×
+Dividend payout of 29.9% of profit
+High promoter holding of 71.4% with no pledge

Cons

−Low return on equity of 10% (3-yr avg)
−Revenue shrank over the last 3 years (-15% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

59/100

Business quality: 60
Growth: 41

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	136	97	83	84
COGS	0	30	0	8	6
Gross profit	—	107	—	75	78
	0	32	43	38	32
	-0	75	54	36	46
OPM %	—	54.9%	55.9%	44%	54.5%
Depreciation	0	22	16	17	17
Interest	0	38	8	3	2
	0	-6	312	58	18
Profit before tax	-0	30	341	74	47
Tax	0	2	91	22	10
Tax %	0%	5.9%	26.6%	29.3%	21.3%
	-0	28	250	53	37
PAT margin %	—	20.4%	258.7%	63.7%	44.1%
EPS (₹)	-14,286	78,92,798	10.2	2.1	1.5
EPS adjusted (₹)	—	1.1	10.2	2.1	1.5
	—	0%	0%	23.4%	—
Annual report	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	49	49	49	49
Reserves	—	-0	918	1,168	1,193	1,230
Minority interest	—	—	1	1	—	—
	—	0	108	58	0	0
	—	0	359	69	83	94
Total equity & liabilities	—	0	1,435	1,346	1,326	1,373
	0	0	13	11	9	8
CWIP	—	—	—	38	—	0
Investments	—	0	539	1,159	988	1,053
	—	—	884	138	329	311
Total assets	—	0	1,435	1,346	1,326	1,373

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	118	75	85	43
	0	-78	-26	28	-86
	0	-24	-56	-79	0
Net cash flow	0	16	-7	35	-43
Free cash flow	0	118	75	-96	-32
CFO / Operating profit %	—	158.2%	139%	234.2%	94.8%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Logistic Park	82.23	27.93	1,360.71	61.56	1,299.15	2.15
Equipment Hiring	1.52	0.22

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	78.1%	—	90.4%	92.8%
EBITDA margin %	—	54.9%	55.9%	44%	54.5%
EBIT margin %	—	39%	39.1%	23.5%	33.6%
PAT margin %	—	20.4%	258.7%	63.7%	44.1%
Working capital
Receivable days	—	54	64	7	14
Inventory days	—	6	0	0	0
Payable days	—	54	127	186	116
NWC days	—	7	-63	-178	-102
Leverage
Current ratio	0	4.61	11.04	6.31	4.61
Debt to EBITDA	—	1.44	1.08	0	0
Debt to equity	-0	0.11	0.05	0	0
Interest coverage	—	1.6	7.5	13.6	32
Asset turnover	—	0.09	0.07	0.06	0.06
Return ratios
Return on assets %	—	1.9%	18.6%	4%	2.7%
Return on capital employed %	100%	4.4%	4.6%	3.5%	3.6%
Return on equity %	100%	2.9%	20.6%	4.2%	2.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.92%	69.92%	69.8%	69.13%	69.13%	69.13%	70.24%	70.34%	70.34%	70.44%	70.96%	71.36%
	8.07%	7.69%	7.31%	7.24%	7.07%	6.63%	6.46%	6.4%	6.08%	5.85%	5.89%	5.85%
	2%	1.31%	1.26%	1.26%	1.26%	1.26%	1.26%	1.26%	1.34%	1.34%	1.34%	1.34%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	20.01%	21.08%	21.63%	22.37%	22.54%	22.98%	22.04%	22%	22.24%	22.37%	21.81%	21.45%
No. of shareholders	—	—	—	—	—	—	—	—	63,768	62,224	60,606	59,273

Promoter holding up 1.44 percentage points since Sep 2023.

13 deals · 18 Aug 2023 – 5 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	17,51,516	₹52.89	₹9.26 Cr
5 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	17,51,516	₹53.01	₹9.28 Cr
11 Oct 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	18,17,534	₹45.93	₹8.35 Cr
11 Oct 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	11,09,150	₹46.20	₹5.12 Cr
10 Oct 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	16,93,727	₹44.19	₹7.48 Cr
10 Oct 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	8,54,302	₹44.27	₹3.78 Cr
11 Sept 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	20,22,354	₹46.91	₹9.49 Cr
11 Sept 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	19,92,354	₹46.85	₹9.33 Cr
11 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	13,32,723	₹46.70	₹6.22 Cr
11 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	13,32,723	₹46.78	₹6.23 Cr

1–10 of 13

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Mohinder Pal BansalNon-Executive - Independent Director-Chairperson
Mr. Jatin ChokshiExecutive Director-MD
Mr. Kaiwan KalyaniwallaNon-Executive - Non Independent Director
Mr. Mahendra Kumar ChouhanNon-Executive - Independent Director
Mrs. Alka Arora MisraNon-Executive - Independent Director
Ms. Nishika HegdeNon-Executive - Non Independent Director
Mr. Ram WalaseExecutive Director-CEO
Mr. Nilesh MishraChief Financial Officer
Ms. Khushboo MishraCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

1.26%

of the company's equity

All mutual funds

1.26%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
SMALL CAP FUND	Tata Mutual Fund	30.96 L	8.34	0.06%	1.26%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with Para A, Part A of Schedule III of SEBI Listing ....20 May 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Interim dividend16 Aug 2024 · ex-date₹0.5

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

36 announcementsExport CSV

1 Oct 2026, 5:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

22 Sept 2026, 5:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

21 Sept 2026, 5:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Aug 2026, 12:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 6:45 pmAGM/EGM

Notice Of 5Th Annual General Meeting Of Transindia Real Estate Limited To Be Held On Monday, September 21, 2026 At 11:30 A.M.

AGM PDF

27 Aug 2026, 6:38 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

25 Aug 2026, 5:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Aug 2026, 2:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:07 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
22 Sept 2026, 5:54 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Transindia Real Estate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

1

1

Announcements

Announcements

Annual reports

Credit ratings

1

1

Not in the F&O segment

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Continued Operation · revenue

Transindia Real Estate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends1

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends1

Board meetings1

Not in the F&O segment

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Continued Operation · revenue

1

1

1

1