Transrail Lighting Share Price Target 2027: 21.6% Upside to Rs 531, Bull Case Rs 636

Investors weighing a Transrail Lighting target price for 2027 should start with where the stock sits today. At Rs 436.50 on 6 November 2026, it is 38.9% below its 52-week high of Rs 714.05 and 8.9% above its 52-week low of Rs 400.65. That range spans 78% from low to high, so the entry point matters as much as the Transrail Lighting price forecast itself.

This article builds the Transrail Lighting share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

Click Here – Get Free Investment Predictions

Transrail Lighting Stock Analysis: Company Overview and Key Stats

Transrail Lighting (NSE: TRANSRAILL) has a market capitalisation of Rs 5,952 crore. In FY26 it reported revenue of Rs 6,929 crore and net profit of Rs 403.59 crore. The table collects the figures the Transrail Lighting share price target is built on.

Metric	Value
Company	Transrail Lighting
NSE Ticker	TRANSRAILL
CMP (6 November 2026)	Rs 436.50
52-Week High	Rs 714.05
52-Week Low	Rs 400.65
Market Cap	Rs 5,952 crore
PE Ratio (TTM)	14.24
Industry PE	22.67
Price to Book	2.44
Return on Equity	17.11%
Debt to Equity	0.31
EPS (TTM)	Rs 31.08
Dividend Yield	0.45%
12-Month Base Target	Rs 531
Bull Case	Rs 636
Downside Risk Level (not a target)	Rs 354

Why Is Transrail Lighting Share Price Target Set at Rs 531 for 2027?

The arithmetic is short. Trailing EPS of Rs 31.08 grown for one year gives a forward EPS estimate of Rs 37.30, and multiplying it by the unchanged PE of 14.24 gives the Rs 531 base-case Transrail Lighting stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Transrail Lighting Target Price: Five Years of Results

Transrail Lighting grew revenue from Rs 2,357 crore in FY22 to Rs 6,929 crore in FY26, a compound annual growth rate of 30.9%. Net profit grew faster, from Rs 65.20 crore to Rs 403.59 crore (57.7% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	2,357.21	65.20	58.10	0.00
FY23	3,172.03	107.57	9.45	0.00
FY24	4,130.00	233.20	19.59	1.50
FY25	5,353.20	328.68	25.72	0.80
FY26	6,928.83	403.59	29.90	2.00

FY26 revenue growth was 29.4%, close to the four-year average of 30.9%, and net profit moved up 22.8%. EPS rose from Rs 19.59 in FY24 to Rs 29.90 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Transrail Lighting converted 5.8% of FY26 revenue into net profit, against 6.1% in FY25, within a five-year range of 2.8% to 6.1%. EBITDA margin was 12.3% in FY26 versus 13.5% in FY25.

In the September 2026 quarter, revenue was Rs 2,070 crore, up 31.4% from the same quarter a year earlier, while net profit of Rs 103.94 crore was up 12.5%. EBITDA came in at Rs 250.20 crore, up 26.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.31, and shareholders' equity grew from Rs 662.96 crore in FY22 to Rs 2,281 crore in FY26. Operating cash flow in FY26 was Rs 642.92 crore against capital expenditure of Rs 248.75 crore, leaving free cash flow of Rs 394.17 crore, or 6.6% of the current market capitalisation. In FY25 free cash flow was Rs 145.49 crore.

Valuation Check for the Transrail Lighting Stock Target: PE, Price to Book and ROE

At a PE of 14.24 against an industry PE of 22.67, Transrail Lighting trades at a discount to its industry. Price to book is 2.44 on a book value of Rs 181.62 per share, and return on equity is 17.11%. A PE of 14.24 equals an earnings yield of 7.0%, and the FY26 dividend of Rs 2.00 per share gives a yield of 0.45%.

Shareholding Pattern and Institutional Holding

Promoters held 71.12% of Transrail Lighting in September 2026, and promoter holding has stayed near 71.12% since September 2025. Foreign institutional investors (FII) held 1.85% and domestic institutions (DII) held 5.95%, which puts total institutional holding at 7.80%. FII holding rose from 1.15% in September 2025 to 1.85% in September 2026. Public shareholders own the remaining 21.08%.

Transrail Lighting Share Price Targets for the Short Term and 12 Months

Short Term Transrail Lighting Stock Target Levels: Technical Setup

At Rs 436.50 on 6 November 2026, Transrail Lighting trades below its 50-day simple moving average of Rs 445.55 and below its 200-day exponential moving average of Rs 500.97. The 14-day RSI reads 39.9, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 445.55 (50-day simple moving average) and the nearest support is Rs 400.65 (52-week low). A sustained move above Rs 445.55 would improve the short-term setup, while a close below Rs 400.65 would shift attention to the next support.

12 Month Transrail Lighting Target Price for 2027

The 12-month target of Rs 531 means a move of 21.6% up from Rs 436.50 over the next 12 months. It would still leave the stock 25.6% below its 52-week high of Rs 714.05.

How EPS Growth and PE Multiple Change the Transrail Lighting Target Price

EPS Growth	PE 11.39	PE 14.24	PE 16.38
0.0% (EPS Rs 31.08)	Rs 354	Rs 443	Rs 509
20.0% (EPS Rs 37.30)	Rs 425	Rs 531	Rs 611
25.0% (EPS Rs 38.85)	Rs 443	Rs 553	Rs 636

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Transrail Lighting price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Transrail Lighting Stock Target in 2027

Bull Case Rs 636

The bull case Transrail Lighting price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 38.85, and a PE multiple that rises 15% to 16.38. That gives Rs 636, 45.7% above the current price and below the 52-week high of Rs 714.05.

Downside Risk Level Rs 354

The downside risk level is not a target. It assumes EPS stays flat at Rs 31.08 and the PE falls 20% to 11.39. That gives Rs 354, 18.9% below the current price and below the 52-week low of Rs 400.65.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	16.38	Rs 636	+45.7%
Base Case	20.0%	14.24	Rs 531	+21.6%
Downside Risk	0.0%	11.39	Rs 354	-18.9%

Key Risks to the Transrail Lighting Target Price for 2027

Growth Slowdown Risk for the Transrail Lighting Price Target

Revenue in the September 2026 quarter was up 31.4% year on year, and FY26 revenue growth was 29.4%. If growth slows from here, the EPS estimate behind the Transrail Lighting stock target will need revising.

Liquidity and Size Risk

Transrail Lighting has a market capitalisation of Rs 5,952 crore. Institutional holding is 7.80%, and promoters hold 71.12%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 5.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 14.24 versus an industry PE of 22.67, a de-rating toward the downside-risk PE of 11.39 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 39.9 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Transrail Lighting

Start with the live price and volume. Any Transrail Lighting share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 436.50 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Transrail Lighting's PE, ROE, debt and shareholding in one place.

Check Transrail Lighting fundamentals on the Univest Screener

Then compare the three Transrail Lighting target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Transrail Lighting live price and get daily stock recommendations.

Conclusion

The Transrail Lighting share price target for 2027 is Rs 531 in the base case, with Rs 636 as the bull case. The support for that view is arithmetic you can check: EPS grew 23.5% a year over FY24 to FY26, and the stock trades at a PE of 14.24. The risks are equally concrete, including a net margin of just 5.8% that leaves profit sensitive to costs and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Transrail Lighting Share Price Target 2027

What is the Transrail Lighting share price target for 2027?

Ans. The base-case Transrail Lighting share price target for 2027 is Rs 531, which is 21.6% above the price of Rs 436.50 on 6 November 2026. The bull case is Rs 636 and the downside risk level, which is not a target, is Rs 354. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Transrail Lighting share price today?

Ans. As of 6 November 2026, 9:57 AM IST, Transrail Lighting (NSE: TRANSRAILL) trades at Rs 436.50, down 1.29% on the day. That is 38.9% below the 52-week high of Rs 714.05 and 8.9% above the 52-week low of Rs 400.65. The market capitalisation of Rs 5,952 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Transrail Lighting a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 23.5% a year over FY24 to FY26 and the base case implies 21.6% upside; on the cautious side, the net margin is a thin 5.8%, and the downside risk level of Rs 354 is 19% below the current price. Whether Transrail Lighting fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Transrail Lighting shares?

Ans. The bull case in the Transrail Lighting share price target for 2027 is Rs 636, which assumes 25.0% EPS growth and a PE of 16.38, a 15% re-rating from today's multiple. That is 45.7% above the current price and below the 52-week high of Rs 714.05. The downside risk level is Rs 354, which assumes flat EPS and a PE of 11.39, 20% lower than today. It sits 18.9% below the current price and below the 52-week low of Rs 400.65, and it marks a risk to watch, not a target.

What are the main risks to the Transrail Lighting price target?

Ans. Four risks matter most for the Transrail Lighting share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 5,952 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 11.39 would cut the price even if earnings hold.

What is the PE ratio of Transrail Lighting and how does it compare with the industry?

Ans. The PE ratio of Transrail Lighting is 14.24, against an industry PE of 22.67, which is a discount to the industry. Price to book is 2.44 and return on equity is 17.11%, and the PE equals an earnings yield of 7.0%. The base case holds the PE unchanged, so the Transrail Lighting share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Transrail Lighting, and what is the promoter holding?

Ans. Promoters held 71.12% of Transrail Lighting in September 2026. FII held 1.85%, DII held 5.95% and the public held 21.08%. Together the two institutional groups hold 7.80%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Transrail Lighting's latest quarterly results?

Ans. In the September 2026 quarter, Transrail Lighting reported revenue of Rs 2,070 crore (up 31.4% year on year) and net profit of Rs 103.94 crore (up 12.5%). For comparison, FY26 full-year revenue growth was 29.4% and net profit moved up 22.8%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.