Founded in 1985, Trishakti Industries Ltd. has emerged as a premier infrastructure solutions provider in India, specializing in heavy earth-moving equipment. Over the years, the company has garnered significant industry experience, collaborating with leading corporations such as Tata Steel, Larsen & Toubro, RVNL, and ONGC, among others. The company's fleet of advanced machinery plays a pivotal role in supporting large-scale projects in sectors like steel, cement, railways, and construction.

Strategic Shift and Expansion
In Q1 FY25, Trishakti made a strategic shift to further tap into the growing infrastructure sector by introducing crane hiring services. This shift marked the company’s exit from supplying drilling equipment for oil and gas exploration to ONGC, a significant pivot towards more lucrative infrastructure projects. This transition is expected to significantly boost the company's market position, aligning with the increasing demand for crane services in India’s rapidly expanding infrastructure landscape.

Key Projects and Partnerships
Trishakti Industries has successfully partnered with major industry players like Tata Steel, Jindal Group, and Adani Group. These collaborations have allowed the company to deliver critical machinery and equipment for projects across various sectors, including construction, telecommunications, energy, and railways. With over 1,500 satisfied clients and more than 100 ongoing projects, Trishakti has firmly established itself as a trusted name in the infrastructure space.

Product Portfolio
Trishakti Industries offers a diverse fleet of machinery to meet the specific needs of large infrastructure projects. The product portfolio includes:

• Crawler Cranes: Ranging from 45MT to 750MT, known for high lifting capacity and 360° rotation.
• Truck Mounted Cranes: Mobile and versatile, with capacities from 45MT to 750MT.
• All Terrain Cranes: With tonnage from 250MT to 750MT, ideal for challenging terrains.
• Piling Rigs: Used for versatile pile installation and high-powered equipment.
• Manlifter / Boomlifter: Extending from 60 feet to 220 feet for vertical lifting applications.

Business Operations and Flow
The business model of Trishakti focuses on providing high-quality machinery while ensuring minimal downtime. The company follows a client-centric approach to secure large-scale contracts, focusing on medium to large-sized projects, where competition is limited. The machinery used by Trishakti has a long lifespan of 15-20 years, and the company plans to resell equipment after 8-10 years, retaining 40-50% of its market value.

Current and Future CAPEX Investment
Trishakti Industries is in the midst of a robust CAPEX initiative worth Rs 400 crore from FY25 to FY27. As of H1 FY25, the company has already procured machinery worth Rs 115 million, with plans to further expand its fleet to meet India’s growing infrastructure demands. This expansion includes high-capacity machinery aimed at reducing operational costs and enhancing the efficiency of the company’s operations.

Financial Outlook
The company’s financial trajectory is positive, with expectations of generating a return on capital employed (ROCE) of 22-25% from its ongoing CAPEX investments. For FY25, the company predicts crane hiring revenue of INR 50-55 million, with a significant growth forecast to INR 900-1,000 million by FY28. With an anticipated EBITDA margin of 60-65% and a monthly yield of 2.7%, Trishakti is well-positioned to achieve strong financial returns in the coming years.

Key Financial Highlights (Q2 FY25)

• Revenue: INR 29 million
• EBITDA: INR 15 million
• EBITDA Margin: 52.63%
• PAT: INR 9 million
• PAT Margin: 30.53%
• EPS: INR 0.58

These figures reflect the strong financial health of the company, with profitability showing steady growth.

Leadership Team
Trishakti Industries is led by an experienced and dynamic management team, including:

• Dhruv Jhanwar (CEO): With expertise in quantitative finance and a strategic approach to business, Dhruv is instrumental in the company's expansion efforts.
• Pranav Jhanwar (CFO): Overseeing both financial strategies and operational processes, Pranav’s leadership ensures efficient project execution.
• Suresh Jhanwar (MD): The visionary behind Trishakti's success, Suresh brings over 25 years of experience in the infrastructure and oil & gas sectors, driving the company’s growth and market prominence.

Conclusion
Trishakti Industries Ltd. is poised for significant growth with its ongoing CAPEX investments, strategic sector shifts, and strong partnerships. The company’s ability to secure large-scale contracts, combined with its high-quality machinery and seasoned team, positions it as a leader in India’s infrastructure sector. As it continues to expand its capabilities, Trishakti is on track to achieve remarkable financial results, including a projected revenue of INR 900-1,000 million by FY28, with EBITDA margins surpassing 60%.

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