1 day ago
Antique Starts Transrail Lighting Coverage With Buy Rating
Transrail Lighting builds equipment and infrastructure for power transmission.
Its shares have fallen this year, but brokerage Antique Stock Broking believes the company could grow.
Antique gave the stock a buy rating and set a target price of ₹851.
The company has a large order book, which means it has many projects lined up.
Those orders are expected to provide more than two years of revenue visibility.
International projects accounted for 39% of its FY26 orders.
Antique also sees opportunities from investment in power grids and transmission infrastructure.
The brokerage expects expanded factories and better execution to help earnings grow.
These are the brokerage’s expectations, not guaranteed results.
Antique Stock Broking initiated coverage of Transrail Lighting with a buy rating and an ₹851 target price.
The target implies 76.5% upside from the Tuesday closing price of ₹482, while the shares had fallen 13.5% in 2026.
The brokerage cited a ₹160 billion order book, including L1 orders, providing more than two years of revenue visibility.
FY26 order inflows were ₹85 billion, with international orders making up 39% and a bidding pipeline across domestic and overseas markets.
Antique pointed to power transmission investment, expanded manufacturing capacity and execution improvements as growth supports.
- Who
- Antique Stock Broking and Transrail Lighting
- What
- Antique initiated coverage with a buy rating and an ₹851 target price.
- Where
- The company operates in domestic and international markets.
- When
- The report was released in 2026; the stock's cited Tuesday closing price was ₹482.
- Why
- Antique cited the power transmission investment cycle, the company's order book and pipeline, and its execution and manufacturing capacity.
Bullish outlook
Share-price weakness
Growth prospects
Bullish outlook
Antique sees a multi-year power transmission investment cycle, a substantial order book, and manufacturing and execution improvements supporting growth.
Share-price weakness
The shares have lost 13.5% in 2026 and fell to a record low in September, reflecting a prolonged correction.
Valuation outlook
Bullish outlook
Antique assigned a buy rating and an ₹851 target, implying 76.5% upside from the cited ₹482 close.
Share-price weakness
The stock remains under pressure after falling from a record high of ₹855.80; the brokerage's target is an outlook, not a guaranteed outcome.
Key facts
- Brokerage rating
- Buy, initiated by Antique Stock Broking
- Target price
- ₹851
- Reference closing price
- ₹482 on Tuesday
- Implied upside
- 76.5% from the cited closing price
- Share performance
- Down 13.5% in 2026; reached a record low of ₹400.65 in September
- Order book
- ₹160 billion, including L1 orders; more than two years of revenue visibility
- FY26 order inflows
- ₹85 billion, with 39% from international orders
- FY22–FY26 financial performance
- Topline CAGR of 31%; EBITDA and PAT CAGRs of 41% and 58%, respectively
Quotes
Antique Stock Broking
Brokerage firm covering Transrail Lighting.
“With the expanded manufacturing footprint, improved execution productivity, and higher internal manufacturing contribution, Antique Stock Broking expects operating leverage to support healthy earnings growth amid a competitive EPC environment.”
livemint.com
Sources
Related news
Transrail Lighting Shares Rise 6% After Fresh Orders
Transrail Lighting Wins ₹412 Crore Orders, Intake Reaches ₹2,021 Crore
Transrail Lighting Shares Jump as Silvassa Expansion Boosts Capacity
Power and Electrical Shares Rise on Orders and Recovery
Equirus Sees 42% Upside in Auto Ancillary Stock
PL Capital Sees Further 30% Upside in Adani Power
Solar Industries Shares Fall After $1.355 Billion Omnia Deal
Adani Power Profit Surges as Brokerages See Further Upside
Adani Power Shares in Focus on Bullish Analyst Targets
