Trishakti Industries Ltd Growth Catalysts - SOIC x StockScans Report

as of Aug 2026

  1. ₹400 crore fleet expansion - Cumulative capex hit \~₹270 crore by Q1 FY27, with \~70% of the remaining ₹130 crore already ordered; FY27 plan is ₹250 crore. Fleet scales from \~155 machines toward 200+, and management targets 22-25% ROCE on the program.
  2. Wind energy equipment rental - Board approved entry in Q1 FY27 targeting 900-tonne cranes for 5 MW turbines; first units arrive in India in October, and a machine is already ordered. Wind demand is visible for 4-5 years, and 4-5 machines alone could absorb the remaining ₹130 crore capex.
  3. UAE & KSA expansion - Board approved entry into UAE and KSA, driven by client requests from L&T, KEC, and Afcon; deployment is expected within two to three quarters. Yields run \~4% per month versus \~2.5% in India, with KSA EBITDA margin guided at 50-52%.
  4. Order book and revenue guidance - FY27 executable order book stands at \~₹70-72 crore, with management guiding 60-65% EBITDA and 25-30% PAT margins on it. Q1 FY27 revenue already hit half of full FY26, and FY28 crane hiring revenue is projected at ₹95 crore versus ₹62.5 crore for FY27.
  5. Renewable energy segment - Renewables now drive \~48% of fleet with ₹48 crore ARR from clients like Adani Green, ReNew, and Tata Power; 53% of capex fleet is deployed in new energy. India's 500 GW renewable target by 2030 creates a ₹11,300-17,500 crore crane rental opportunity.
  6. Client work orders - Multiple fresh orders landed in FY26, each tied to new capex: Reliance (₹24 crore capex, ₹5.65 crore contract), L&T (₹9.1 crore capex, ₹2.5 crore contract), Tata Steel (₹7.85 crore capex, ₹2.9 crore contract). These signed contracts lock in utilization at 100% for the full financial year.
  7. EV machinery entry - First EV machines are expected in Q2 FY27, with a few already ordered for two clients; lead time is \~2 months. EV machines cost \~5% more than diesel but need no OpEx after OEM coverage ends, lifting margins.
  8. Ports and coastal expansion - Port equipment (restackers) already ordered, arriving in March and generating revenue from April; port contracts run 3-5 years on a tender basis. Ports contribution is targeted to rise from \~3% to 8-10% of revenue in FY27.