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TARACHAND - Tara Chand Infra

📊 NSE: TARACHAND 🏢 Diversified - Medium / Small 📅 Last Updated: 12/14/2025 14:07

📢 Recent Corporate Announcements

Tara Chand InfraLogistic Independent Director Ashok Kumar Goel Retires After 3-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Mar 2026, 12:50 PM

Tara Chand InfraLogistic Solutions Limited has announced that Mr. Ashok Kumar Goel will step down as an Independent Director effective March 9, 2026. This cessation is due to the completion of his three-year tenure, which originally commenced on March 10, 2023. The transition is a routine administrative matter following the expiration of his appointed term. The company has filed the necessary disclosures under SEBI Regulation 30 to confirm the board change.

Mr. Ashok Kumar Goel (DIN: 00888960) completes his 3-year tenure as Independent Director.
The cessation is effective from the close of business hours on March 9, 2026.
The director was originally appointed for a consecutive term starting March 10, 2023.
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a scheduled retirement. Investors should monitor future filings for the appointment of a new independent director to ensure continued board compliance.

Tara Chand InfraLogistic to Attend Arihant Capital Investor Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 12:00 PM

Tara Chand InfraLogistic Solutions Limited has announced its participation in the Arihant Capital Bharat Connect Conference: Rising Stars. The meeting is scheduled for Monday, March 9, 2026, at 03:00 P.M. and will be held virtually on a group basis. The company stated that discussions will be based on publicly available documents and no unpublished price sensitive information (UPSI) will be shared. This interaction is part of the company's routine investor relations activities under SEBI regulations.

Participation in Arihant Capital Bharat Connect Conference: Rising Stars on March 9, 2026
The meeting is scheduled for 03:00 P.M. IST via virtual mode
Interaction will be conducted on a group basis with institutional investors and analysts
Company confirms only publicly available information will be discussed during the session

💡 Investors should monitor for any post-event presentations or transcripts that may be uploaded to the exchange for insights into the company's growth outlook. No immediate trading action is required as this is a standard regulatory disclosure.

Tara Chand Q3 FY26: EBITDA Up 24%, EBITDA Margin Hits Record 37.16%, Targets ₹100Cr Q4 Revenue

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 05 Feb 2026, 01:56 PM

Tara Chand Infralogistic reported a steady Q3 FY26 with revenue growing 8% YoY to ₹69.27 crores and EBITDA rising 24% to ₹25.74 crores. The company achieved its highest-ever EBITDA margins of 37.16% and has already surpassed its annual capex target, investing ₹121.34 crores in equipment. Management is optimistic about Q4, targeting a record top line of over ₹100 crores driven by high demand in the equipment rental segment. Promoters have also shown confidence by increasing their stake to 71.14% from 69.6%.

Q3 EBITDA margins expanded by 478 bps to 37.16%, driven by high-margin equipment rentals.
Surpassed FY26 capex target of ₹100 crores by investing ₹121.34 crores to expand the fleet to 403 machines.
Order book stands at ₹96.90 crores as of January 2026, with 66% from the equipment rental segment.
Promoters increased their equity stake to 71.14%, signaling strong internal confidence in the growth trajectory.
Management expects Q4 FY26 revenue to exceed ₹100 crores, a historical milestone for the company.

💡 Investors should monitor the execution of the ₹96.9 crore order book and the stabilization of the new metal processing subsidiary. The significant capex and promoter stake increase suggest a strong growth outlook for the infrastructure services provider.

Tara Chand Infra Q3 FY26 Net Revenue Up 6.5% YoY to ₹68.56 Cr; PAT Steady at ₹5.22 Cr

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 06:38 PM

Tara Chand InfraLogistic Solutions reported a 6.5% YoY increase in net revenue from operations to ₹6,856.25 Lacs for the quarter ended December 31, 2025. Despite the revenue growth, Profit After Tax (PAT) remained flat at ₹521.65 Lacs compared to ₹523.80 Lacs in the previous year's quarter, primarily due to higher finance and depreciation costs. For the nine-month period, the company showed stronger performance with PAT growing 12.7% YoY to ₹1,915.40 Lacs. The company clarified that this filing is a revision for typographical errors only, with no changes to the previously disclosed financial figures.

Net Revenue from operations grew 6.5% YoY to ₹6,856.25 Lacs in Q3 FY26.
Profit After Tax (PAT) for 9M FY26 increased by 12.7% to ₹1,915.40 Lacs compared to ₹1,699.92 Lacs in 9M FY25.
Segment A (Infra work) remains the largest contributor with ₹4,318.08 Lacs in quarterly revenue.
Finance costs rose significantly to ₹302.23 Lacs in Q3 FY26 from ₹185.40 Lacs in Q3 FY25.
Basic and Diluted EPS for the quarter stood at ₹0.66, unchanged from the previous year's quarter.

💡 Investors should monitor the rising finance and depreciation costs which are currently offsetting revenue gains at the bottom-line level. The healthy 9-month growth trend suggests stable long-term demand in the infrastructure logistics segment.

Tara Chand Q3 Revenue Rises 8% to ₹693 Mn; EBITDA Margins Expand to 37.2%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 02:16 PM

Tara Chand InfraLogistic Solutions reported a steady Q3FY26 with total income rising 8% YoY to ₹693 Mn and EBITDA growing 24% to ₹257 Mn. The company has already surpassed its full-year capex target, deploying ₹121.3 crore to expand its fleet with 35 new equipment. A significant strategic development is the incorporation of Tarachand Metallix Limited to enter high-frequency beam manufacturing. With a robust order book of ₹969 Mn, management is targeting its first-ever ₹100 crore revenue quarter in Q4FY26.

9MFY26 EBITDA grew 28% YoY to ₹752 Mn with margins expanding by 390 bps to 38%
Capex of ₹121.3 crore executed in 9MFY26, exceeding the original full-year FY26 plan of ₹100 crore
Order book stands at ₹969 Mn as of January 2026, including a ₹24.14 crore win from JSW Energy
CRISIL Ratings revised the outlook to 'Positive' from 'Stable' reflecting improved liquidity
Incorporated 100% subsidiary Tarachand Metallix Ltd for value-added metal processing and manufacturing

💡 Investors should monitor the execution of the new manufacturing subsidiary and the company's ability to hit its 20-25% annual growth guidance. The aggressive capex and improving credit rating suggest a strong growth trajectory in the infrastructure and renewable energy sectors.

Tara Chand InfraLogistic Solutions Implements New SEBI Fair Disclosure Code

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 29 Jan 2026, 02:13 PM

Tara Chand InfraLogistic Solutions Limited has formally adopted a new Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) effective January 29, 2026. This policy, approved by the Board of Directors, aligns with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The code establishes clear guidelines for the transparent and timely dissemination of material information to the public. It specifically identifies financial results, dividends, and structural changes as key price-sensitive information requiring strict disclosure protocols.

Board of Directors approved the Fair Disclosure Code on January 29, 2026
Policy adheres to Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015
Compliance Officer is required to maintain disclosure records for at least 5 years
Defines UPSI to include mergers, acquisitions, and changes in Key Managerial Personnel

💡 Investors should view this as a standard corporate governance update that ensures information parity. No specific trading action is required based on this regulatory filing.

Tara Chand Q3 Net Profit Flat at ₹5.21 Cr; Revenue Up 6.5% YoY

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 02:07 PM

Tara Chand InfraLogistic Solutions reported a net revenue of ₹68.56 crore for Q3 FY26, a 6.5% increase from ₹64.36 crore in Q3 FY25. Despite the revenue growth, Net Profit remained stagnant at ₹5.21 crore compared to ₹5.24 crore in the year-ago period. On a sequential basis, profit dropped significantly from ₹7.48 crore in Q2 FY26, primarily due to higher finance costs and employee expenses. Segment-wise, Infrastructure services led the growth, while the Transportation and Handling segment saw a decline in revenue.

Net Revenue increased 6.5% YoY to ₹68.56 crore from ₹64.36 crore.
Net Profit (PAT) remained flat at ₹5.21 crore vs ₹5.24 crore in the same quarter last year.
Finance costs surged to ₹3.02 crore from ₹1.85 crore YoY, impacting the bottom line.
Infrastructure segment revenue grew to ₹43.18 crore, contributing the majority of the top line.
Earnings Per Share (EPS) declined to ₹0.66 from ₹0.95 in the preceding quarter.

💡 The flat YoY profit despite revenue growth indicates margin compression from rising interest and operational costs. Investors should monitor management's ability to control finance costs and debt levels before increasing positions.

Tara Chand Q3 FY26 Results: Revenue Up 6.5% YoY to ₹68.56 Cr, Net Profit Flat at ₹5.22 Cr

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 02:05 PM

Tara Chand InfraLogistic Solutions reported a modest 6.5% YoY growth in net revenue to ₹68.56 crore for Q3 FY26. However, net profit remained stagnant at ₹5.22 crore compared to ₹5.24 crore in the previous year, primarily due to a sharp rise in finance costs and depreciation. Sequentially, the performance was weaker, with profit before tax declining 30% from ₹10.00 crore in Q2 FY26. The company also announced the retirement of Independent Director Ashok Kumar Goel effective March 2026.

Net Revenue from operations increased 6.5% YoY to ₹68.56 crore.
Net Profit (PAT) remained flat at ₹5.22 crore compared to ₹5.24 crore in Q3 FY25.
Finance costs surged 63% YoY to ₹3.02 crore from ₹1.85 crore.
Infra work and Tangible Goods segment remains the largest contributor with ₹43.18 crore in revenue.
Earnings Per Share (EPS) for the quarter stood at ₹0.66, unchanged from the year-ago period.

💡 The stagnation in profit despite revenue growth indicates margin pressure from rising debt costs and depreciation. Investors should monitor the company's ability to pass on costs and manage its leverage in the coming quarters.

Tara Chand InfraLogistic Solutions to Host Q3 & 9MFY26 Earnings Call on January 30, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Jan 2026, 03:33 PM

Tara Chand InfraLogistic Solutions Limited has scheduled a conference call for investors and analysts on Friday, January 30, 2026, at 12:00 PM IST. The call is intended to discuss the company's unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Mr. Himanshu Aggarwal, the Whole Time Director and CFO, will represent the management. This is a routine regulatory disclosure providing a platform for stakeholders to understand the company's recent performance and growth trajectory.

Earnings call scheduled for January 30, 2026, at 12:00 PM IST to discuss Q3 and 9MFY26 results.
Management will be represented by Mr. Himanshu Aggarwal, Whole Time Director and CFO.
The discussion will focus on unaudited standalone financial results for the period ending December 31, 2025.
Universal dial-in numbers for the call are +91 22 6280 1361 and +91 22 7115 8084.
The company has confirmed that no unpublished price sensitive information (UPSI) will be discussed.

💡 Investors should attend the call or review the transcript to understand management's outlook on the infrastructure logistics sector and specific project execution timelines. Monitor the financial results release prior to the call for any significant deviations in revenue or margins.

Tara Chand Submits Revised Auditor Report for Q2 FY26; Net Profit at ₹748.28 Lacs

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 19 Jan 2026, 05:35 PM

Tara Chand InfraLogistic Solutions has addressed a regulatory query from the NSE regarding its Q2 FY26 financial results. The clarification pertains to a formatting error in the initial Independent Auditor's Report, which failed to explicitly mention 'quarterly' results alongside 'half-yearly' results. The company has now submitted a revised report in the prescribed SEBI format. Financial performance remains unchanged, with Q2 Net Profit at ₹748.28 Lacs and H1 Net Profit showing growth at ₹1,393.75 Lacs compared to ₹1,176.12 Lacs in the previous year.

Net Revenue for Q2 FY26 rose to ₹6,566.60 Lacs from ₹5,616.38 Lacs in the year-ago period.
Net Profit for the quarter ended September 30, 2025, stood at ₹748.28 Lacs.
Half-year (H1 FY26) Net Profit increased to ₹1,393.75 Lacs from ₹1,176.12 Lacs YoY.
The clarification was purely administrative, correcting the terminology in the Auditor's Limited Review Report.
Segment-A (Infra work) remains the largest contributor with Q2 revenue of ₹3,798.41 Lacs.

💡 The announcement is a routine regulatory correction and does not impact the company's reported financial performance. Investors should continue to monitor the company's execution in its core infrastructure and logistics segments.

Tara Chand Infralogistic Incorporates New Subsidiary Tarachand Metallix with ₹25 Lakh Investment

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 07 Jan 2026, 04:16 PM

Tara Chand InfraLogistic Solutions Limited has announced the successful incorporation of its wholly-owned subsidiary, Tarachand Metallix Limited, as of January 06, 2026. The parent company has invested ₹25,00,000 to acquire a 100% stake in the new entity. This subsidiary will focus on the manufacturing of high-frequency beams and metal processing services, including fabrication and slitting. The move is strategically designed to expand the company's existing business operations and drive future profitability.

Incorporation of Tarachand Metallix Limited as a 100% wholly-owned subsidiary
Initial cash consideration of ₹25,00,000 for 2,50,000 equity shares at ₹10 each
New entity to focus on manufacturing high-frequency beams and metal fabrication
Strategic expansion aimed at enhancing operational scale and overall profitability
Official Certificate of Incorporation received from the Ministry of Corporate Affairs on January 06, 2026

💡 Investors should view this as a positive step toward vertical integration and business diversification. Monitor future updates regarding the subsidiary's operational commencement and its contribution to the consolidated bottom line.

Tara Chand InfraLogistic Submits Q3 FY26 SEBI Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 11:44 AM

Tara Chand InfraLogistic Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed according to regulatory standards. It verifies that physical security certificates were mutilated and cancelled after verification, and the depositories' names were updated in the register of members. This is a standard administrative filing ensuring the integrity of the company's shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited.
Confirms dematerialization requests were processed and certificates mutilated/cancelled within prescribed timelines.
Ensures the company's register of members is accurately updated with depository names.

💡 No action is required as this is a routine regulatory filing with no impact on the company's financial performance or business operations.

Tara Chand InfraLogistic Completes INR 43.08 Cr Capex with 11 New Equipment Additions

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 01 Jan 2026, 05:42 PM

Tara Chand InfraLogistic Solutions has completed a capital expenditure of approximately INR 43.08 Crores in Q3FY2025-26. The company acquired 11 new units of heavy machinery, including a high-capacity 800MT crawler crane and various tyre-mounted cranes. These assets are designated for deployment in the Renewable Energy sector to fulfill recent order wins. This expansion strengthens Segment A (Equipment Rentals & Infra Projects), which currently contributes 55% to the company's total revenue mix.

Completed capex of approximately INR 43.08 Crores during Q3FY2025-26.
Acquired 11 new machines including one 800MT Crawler Crane and eight Tyre Mounted Cranes.
New equipment is specifically tied to new order wins in the Renewable Energy sector.
Expansion supports Segment A, which accounts for 55% of the company's overall revenue.

💡 Investors should monitor the company's upcoming quarterly results for the revenue contribution from these new assets. The focus on the renewable energy sector provides a positive long-term growth outlook for the equipment rental segment.

Tara Chand InfraLogistic to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 12:16 PM

Tara Chand InfraLogistic Solutions Limited has announced the closure of its trading window effective January 1, 2026. This mandatory regulatory step is taken ahead of the announcement of the company's unaudited financial results for the quarter ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will reopen 48 hours after the financial results are officially declared to the exchanges.

Trading window closure begins on Thursday, January 1, 2026.
Closure is in preparation for the Q3 FY2025-26 unaudited financial results.
Restriction applies to all Designated Persons and their immediate relatives under SEBI regulations.
Trading window will remain closed until 48 hours after the results are announced.

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor for the upcoming Q3 results date to assess the company's performance.

Tara Chand InfraLogistic Bags INR 27.65 Crore Transportation Order from RINL

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 23 Dec 2025, 03:47 PM

Tara Chand InfraLogistic Solutions Limited has secured a significant contract from Rashtriya Ispat Nigam Limited (RINL) for steel product transportation. The contract is valued at INR 27.65 Crores inclusive of taxes. Execution is scheduled for a six-month duration across Q4 FY26 and Q1 FY27. This domestic order strengthens the company's business pipeline and provides revenue visibility for the upcoming fiscal periods.

Contract valued at INR 27.65 Crores for transportation of steel products.
Awarded by Rashtriya Ispat Nigam Limited (RINL), a domestic entity.
Project execution timeline of 6 months starting Q4 FY26.
The order is not a related party transaction, ensuring arm's length terms.

💡 This win enhances revenue visibility; investors should monitor the company's execution efficiency and its impact on upcoming quarterly earnings.

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💰 Financial Performance

Revenue Growth by Segment

Segment A (Equipment Rentals & Infrastructure) grew 33% YoY to INR 69.51 Cr in H1 FY26, contributing 55% of total revenue. Segment B (Warehousing, Handling & Transportation) contributed 45% of H1 FY26 revenue. Segment C (Steel Processing & Distribution) saw a sharp decline to 0.4% of revenue as the company exits low-margin EPC projects.

Geographic Revenue Split

Not disclosed in percentage terms; however, the company operates across the length and breadth of India with significant stockyard operations for SAIL and RINL.

Profitability Margins

Net Profit Margin improved from 9.38% in FY24 to 10.03% in FY25. For H1 FY26, the PAT margin remained stable at 11% despite a 44% increase in depreciation costs, driven by a shift toward higher-margin specialized services.

EBITDA Margin

EBITDA margin rose by more than 300 basis points to 39.20% in H1 FY26 compared to 33% in FY25. This improvement is attributed to the strategic reduction of low-margin steel processing and the deployment of high-yield next-generation equipment.

Capital Expenditure

The company executed its highest-ever annual CAPEX of INR 145 Cr in FY25. For FY26, the planned CAPEX is INR 100 Cr, of which INR 83.30 Cr (83.3%) was already deployed in H1 FY26 primarily for large tonnage cranes and piling rigs.

Credit Rating & Borrowing

CRISIL reaffirmed the rating at 'Crisil BBB-' and revised the outlook to 'Positive' in fiscal 2025. Interest coverage ratio improved 38.37% YoY to 5.59 in FY25, while adjusted debt protection metrics stood at 11 times according to credit reports.

⚙️ Operational Drivers

Raw Materials

Steel coils and products (for processing segment), fuel, and equipment spare parts. Purchase of stock-in-trade represented INR 12.31 Cr (approx. 5% of revenue) in FY25.

Key Suppliers

Steel Authority of India Ltd (SAIL) is a primary partner for warehousing and handling; other equipment vendors for fleet expansion are not specifically named.

Capacity Expansion

Fleet expansion is focused on large tonnage cranes, higher capacity piling rigs, and aerial platforms to serve the Renewable Energy and Cement sectors. INR 145 Cr was invested in new assets in FY25.

Raw Material Costs

Purchase of stock-in-trade was INR 12.31 Cr in FY25, up 2.6% from INR 11.99 Cr in FY24. The company is reducing its exposure to material-heavy steel processing to focus on service-based rentals.

Manufacturing Efficiency

The company maintains 'healthy utilization levels' and focuses on 'quicker deployment of newly added assets' to maximize monthly yields.

Logistics & Distribution

Segment B (Warehousing and Transportation) accounts for 45% of total revenue, focusing on handling and stockyard management for major steel PSUs.

📈 Strategic Growth

Expected Growth Rate

20-25%

Growth Strategy

Growth will be achieved through a conscious shift away from low-margin EPC/Steel segments toward high-margin equipment rentals and specialized services. The company is investing INR 100 Cr in FY26 to expand its fleet of large tonnage cranes and piling rigs to capture demand in the Renewable Energy and Cement sectors.

Products & Services

Heavy equipment rentals (cranes, piling rigs, aerial platforms), warehousing services, handling and transportation, and specialized contractual services for infrastructure projects.

Brand Portfolio

Tarachand Infralogistic Solutions Ltd.

New Products/Services

Next-generation high-capacity equipment and specialized services for industrial sectors, expected to contribute to the 300 bps EBITDA margin improvement.

Market Expansion

Targeting Renewable Energy, Cement, and allied industrial sectors. Secured domestic orders worth INR 58.76 Cr for specialized services commencing Q3 FY26.

Strategic Alliances

Long-term partnership with SAIL (4.5-year Dankuni contract) and ongoing stockyard management for RINL.

🌍 External Factors

Industry Trends

The industry is shifting toward specialized, high-capacity equipment rentals as infrastructure projects become more complex. The company is positioning itself by investing in next-gen fleet assets to meet 20-25% annual growth targets.

Competitive Landscape

Faces 'intense competition' in the general logistics segment, which it mitigates by moving into specialized equipment rentals and long-term warehousing contracts.

Competitive Moat

Durable advantages include a 40-year track record, established relationships with major PSUs like SAIL, and a specialized high-tonnage fleet that acts as a barrier to entry for smaller competitors.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and GDP growth; government capital infusions into PSUs like RINL directly improve the company's stockyard opportunities.

Consumer Behavior

Clients are increasingly preferring specialized contractual services over simple equipment hiring to ensure project efficiency.

Geopolitical Risks

Economic conditions affecting demand and supply in domestic and overseas markets are noted as risk factors in the cautionary statement.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to changes in government regulations, tax laws, and pollution norms affecting heavy machinery and transportation.

Taxation Policy Impact

Current tax expense for FY25 was INR 5.52 Cr on a PBT of INR 33.25 Cr, representing an effective current tax rate of approximately 16.6%.

Legal Contingencies

Management and auditors report no instances of significant fraud or material legal violations during the year; specific case values for pending litigation are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Working capital intensity and the high capital requirement for fleet expansion (INR 100 Cr+ annually) pose risks to the capital structure if asset utilization drops.