Transindia Real Estate Limited (TREL)
₹25.83 +1.18% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Transindia Real's revenue was ₹21.9 Cr (+4.2% year on year, +1.3% on the previous quarter), and net profit ₹11.5 Cr (+54.1% year on year); the operating margin was 54.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹21.9 | +4.2% | +1.3% |
| Operating profit | ₹12.0 | -13.9% | -4.6% |
| Net profit | ₹11.5 | +54.1% | +16.4% |
| EPS (₹) | 0.47 | +51.6% | +17.5% |
| Operating margin | 54.9% | — | — |
TREL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 61.72% of the TREL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.68%. That is close to its usual level. Turnover was only ₹18 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 61.4% · 70.8% · 57.5% · 53.8% · 61.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Transindia Real Estate Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. The certificate verifies that share certificates received for dematerialisation were processed, confirmed or rejected, and cancelled within the prescribed timelines. This is a routine quarterly regulatory filing with no financial or operational impact.
- Compliance certificate filed under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 03, 2026
- Company filing submitted to BSE and NSE on October 08, 2026
Transindia Real Estate Limited reported the voting results of its 5th Annual General Meeting held on September 21, 2026. Shareholders approved all agenda items with an overwhelming majority, including the adoption of FY26 financial statements (99.9956% votes in favour) and the re-appointment of Managing Director Jatin Chokshi (99.9199% votes in favour). A total of 19.68 crore votes were polled representing 80.08% of total outstanding shares, with promoter and institutional participants voting 100% and 98.71% of their holdings, respectively.
- AGM voting concluded with 19,67,56,015 votes polled, representing 80.0812% of total outstanding shares
- Adoption of FY26 financial statements approved with 99.9956% votes in favour (19,67,47,342 votes)
- Re-appointment of Mr. Jatin Chokshi as Managing Director passed with 99.9199% votes in favour
- Promoter group polled 100% of their 17,60,04,415 shares, unanimously voting in favour of both resolutions
Transindia Real Estate Limited has issued the notice for its 5th Annual General Meeting to be held on September 21, 2026, alongside its FY2025-26 Annual Report. For FY26, the company reported revenue from operations of ₹8,375 Lakhs (₹83.75 Cr) and a profit after tax of ₹3,696 Lakhs (₹36.96 Cr). Operational highlights include holding ~300 acres of strategic land reserves, starting development on the 52.31-acre Mubarikpur PFT project, and expanding its commercial office portfolio to ~1.55 lakh sq. ft. through a 36,670 sq. ft. acquisition in Andheri East, Mumbai.
- 5th Annual General Meeting convened for September 21, 2026, via Video Conferencing.
- FY26 Revenue from Operations reported at ₹8,375 Lakhs with Profit After Tax of ₹3,696 Lakhs.
- Development activities commenced at the 52.31-acre Mubarikpur PFT project aligned with the Dedicated Freight Corridor.
- Commercial real estate portfolio expanded to ~1.55 lakh sq. ft. after acquiring 36,670 sq. ft. in Andheri East, Mumbai.
- Portfolio backed by ~300 acres of strategic land reserves and 59.80 acres of CFS/ICD land assets.
Transindia Real Estate Limited (TREL) has provided an update regarding its Framework Agreement with Vantrock Ventures LLP, originally announced on May 14, 2026. As of August 7, 2026, discussions have not yet culminated in a definitive agreement. The company stated it continues to evaluate strategic opportunities and explore collaborations with other partners to support its long-term growth. TREL currently operates with a TTM revenue of ₹84 Cr and a substantial net worth of ₹1,296 Cr, though ROCE remains low at 3.0%.
- Framework Agreement with Vantrock Ventures LLP was initiated on May 14, 2026
- No definitive agreement has been executed as of the update date, August 7, 2026
- Company is currently deploying ₹116.49 Cr in capital advances for new assets
- Promoter holding remains stable and high at 71.36% as of June 2026
Transindia Real Estate Limited (TREL) reported a standalone PAT of ₹10.92 Cr for Q1 FY27, a 47% increase from ₹7.42 Cr in the previous year's quarter, despite a 4.5% decline in operational revenue to ₹11.87 Cr. Profitability was significantly bolstered by 'Other Income' of ₹9.88 Cr. The company is aggressively restructuring, having approved the merger of five wholly-owned subsidiaries and completing the acquisition of a 48.28% stake (with 100% voting rights) in Comptech Solutions for ₹23.59 Cr. Additionally, TREL received a ₹5 Cr deposit for a proposed Private Freight Terminal development.
- Standalone PAT increased 47% YoY to ₹10.92 Cr in Q1 FY27.
- Acquired 48.28% stake in Comptech Solutions Private Limited for ₹23.59 Cr, representing ~28% of TTM revenue.
- Other income contributed ₹9.88 Cr, accounting for nearly 45% of total income for the quarter.
- Board approved the merger of 5 wholly-owned subsidiaries (including Avvashya Inland Park and Dankuni Industrial Parks) into TREL.
- Received a ₹5 Cr deposit from Allcargo Terminals Limited for a Private Freight Terminal project at Farukhnagar.
Transindia Real Estate Limited (TREL) is proceeding with the amalgamation of its wholly-owned subsidiary, Madanahatti Logistics and Industrial Parks Private Limited, into itself. The NCLT Mumbai Bench issued an order on July 15, 2026, directing the company to notify shareholders while dispensing with the requirement for a formal meeting. Shareholders have a 30-day window from the notice date (July 28, 2026) to submit any representations. As the target is a 100% subsidiary, this is a procedural restructuring to simplify the corporate hierarchy.
- NCLT Mumbai Bench passed the order for the Scheme of Amalgamation on July 15, 2026
- Individual notices were issued to equity shareholders on July 28, 2026
- The cut-off date for identifying eligible shareholders was July 17, 2026
- Shareholders have 30 days to file representations with the Tribunal regarding the merger
- NCLT has dispensed with the requirement of convening a formal meeting of equity shareholders
Transindia Real Estate Limited (TREL) 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 the processing of share dematerialization requests for the quarter ended June 30, 2026. This is a standard administrative filing required for all listed entities to ensure the integrity of electronic shareholding records. It has no impact on the company's financial performance or its ₹613 Cr market capitalization.
- Compliance certificate submitted for the quarter ended June 30, 2026.
- Certificate issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Filing submitted to BSE and NSE on July 10, 2026.
- Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Transindia Real Estate Limited (TREL) has finalized the acquisition of 7,00,000 Class A Equity Shares in Comptech Solutions Private Limited (CSPL) for approximately ₹24 crore. Although the equity stake is 48.28%, TREL has obtained 100% voting rights, resulting in CSPL becoming a subsidiary effective July 09, 2026. The acquisition is significant for the company, with the ₹24 crore consideration representing roughly 28.6% of its TTM revenue of ₹84 crore. This transaction is a related-party deal and follows an initial announcement made on May 14, 2026.
- Acquisition of 7,00,000 Class A Equity Shares for a total of ₹24 crore
- Secured 100% voting rights despite holding only 48.28% of the equity
- Deal value is equivalent to ~28.6% of TREL's TTM revenue of ₹84 crore
- CSPL officially became a subsidiary of TREL on July 09, 2026
Transindia Real Estate Limited (TREL) has announced that its wholly-owned subsidiary, Allcargo Group Services Private Limited (AGSPL), has allotted equity shares to promoter group entities via a preferential allotment. As a result, TREL's ownership in AGSPL has decreased from 100% to 25%, changing its status from a subsidiary to an associate company effective July 01, 2026. The financial impact is negligible, as AGSPL reported zero turnover and a net worth of just ₹1.62 Lakhs for FY26, representing only 0.001% of TREL's consolidated net worth. The buyers include promoter entities Allcargo Global Limited, Allcargo Logistics Limited, and Allcargo Terminals Limited.
- TREL's shareholding in AGSPL reduced from 100% to 25% effective July 01, 2026.
- AGSPL reported a turnover of Nil and a net worth of ₹1.62 Lakhs for the financial year ended March 31, 2026.
- The subsidiary's contribution to TREL's consolidated net worth is minimal at 0.001%.
- Shares were allotted to promoter group entities including Allcargo Logistics Limited and Allcargo Terminals Limited.
- AGSPL has ceased to be a wholly-owned subsidiary and is now classified as an Associate Company.
Transindia Real Estate Limited (TREL) has announced the results of its postal ballot, where shareholders approved two key resolutions. A material related party transaction (RPT) with Contech Logistics Solutions Private Limited, a promoter group entity, was passed with 98.54% of votes in favor. Notably, the promoter group (holding ~71% stake) abstained from voting on the RPT resolution due to being interested parties. Additionally, the appointment of Mr. Mahendra Kumar Chouhan as an Independent Director was approved with near-unanimous support (99.95%).
- Material Related Party Transaction with Contech Logistics Solutions approved with 98.54% of votes cast in favor
- Promoter group holding 17.43 crore shares abstained from voting on the RPT resolution as per regulatory requirements
- Appointment of Mr. Mahendra Kumar Chouhan as Independent Director passed with 99.95% majority
- Public institutional participation was high at 98.69% turnout, with 100% of their votes in favor of both resolutions
- Non-institutional public dissent on the RPT resolution stood at 7.78% of the votes polled by that category
Transindia Real Estate Limited (TREL) has announced the closure of its trading window for all designated persons and their relatives starting July 1, 2026. This routine regulatory measure is in compliance with SEBI Insider Trading regulations ahead of the company's Q1 FY2026-27 financial results. The window will remain closed until 48 hours after the declaration of the Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these results will be communicated at a later time.
- Trading window closure effective from Wednesday, July 01, 2026.
- Closure pertains to the financial results for the quarter ended June 30, 2026.
- Restriction applies to all Insiders, Designated Persons, and their immediate relatives.
- Trading window will reopen 48 hours after the financial results are officially declared.
- Board meeting date for result approval to be intimated in due course.
Transindia Real Estate Limited (TREL) has issued a postal ballot notice seeking shareholder approval for the acquisition of a 48.28% stake in Comptech Solutions Private Limited. The transaction involves a total consideration of ₹23.59 crore for 7,00,000 Class A Equity Shares at ₹337 per share. Notably, while the shareholding is 48.28%, TREL will acquire 100% voting rights, making Comptech a subsidiary. Additionally, the company is seeking a special resolution for the appointment of Mr. Mahendra Kumar Chouhan as an Independent Director for a five-year term.
- Acquisition of 7,00,000 Class A Equity Shares of Comptech Solutions Private Limited for ₹23.59 crore.
- The purchase price is set at ₹337 per share, including a premium of ₹327 per share.
- Transaction grants TREL 48.28% shareholding but 100% voting rights in the target entity.
- The deal is a Material Related Party Transaction as the seller is a Promoter Group entity.
- Appointment of Mr. Mahendra Kumar Chouhan as Independent Director for a term from April 2026 to March 2031.
Transindia Real Estate Limited has received a new credit rating from CARE Ratings Limited for its long-term bank facilities totaling ₹250 crore. The agency assigned a 'CARE A-' rating with a 'Stable' outlook, indicating a moderate degree of safety regarding timely servicing of financial obligations. This formal credit assessment provides a benchmark for the company's creditworthiness as it manages its debt profile. The assignment of an investment-grade rating is a positive development for the company's financial standing in the real estate sector.
- CARE Ratings assigned a 'CARE A-' rating to the company's Long-Term Bank Facilities.
- The total value of the bank facilities covered under this rating is ₹250 crore.
- The rating carries a 'Stable' outlook, suggesting consistent financial performance is expected.
- This is a fresh rating assignment, establishing a credit profile for the entity's debt obligations.
Transindia Real Estate Limited (TREL) has received an Income Tax Assessment Order following search proceedings initiated in February 2025. The order pertains to a block period spanning from April 1, 2018, to April 5, 2025. A total tax demand of ₹3,12,000 was raised by the authority, which the company has already settled in full. The company has confirmed that this development has no material impact on its financial or operational performance.
- Assessment order received under Section 143(3) read with Section 158BC(1)(c) of the Income Tax Act, 1961.
- Order covers a block period of seven years from April 1, 2018, to April 5, 2025.
- Total tax demand of ₹3,12,000 raised and successfully paid by the company.
- Management confirms no material impact on financials or business operations.
Transindia Real Estate Limited (TREL) has announced a series of strategic moves including the acquisition of a 48.28% stake in Comptech Solutions Private Limited for approximately ₹24 crore, making it a subsidiary. The company is also streamlining its operations by merging five wholly-owned subsidiaries into the parent entity to improve efficiency. Furthermore, TREL has entered into a framework agreement with Vantrock Ventures LLP for project development and asset management. To lead these initiatives, the company has appointed Manish Kumar Sinha as the new Head of Real Estate.
- Acquisition of 48.28% stake and 100% voting rights in Comptech Solutions for ₹24 crore
- Merger of 5 subsidiaries including Avvashya Inland Park and Dankuni Industrial Parks into TREL
- Framework agreement with Vantrock Ventures LLP for project development and asset management
- Appointment of Manish Kumar Sinha as Head - Real Estate effective May 14, 2026
- Approval of audited FY26 financial results with an unmodified auditor's opinion
Financial Performance
Revenue Growth by Segment
Total revenue for FY 2024-25 was INR 83 Cr, a 15% decrease from INR 97 Cr in FY 2023-24. However, the core Logistics Park and commercial properties segment grew by 13% YoY to INR 77 Cr. The Equipment Hiring (Non-crane) segment saw a significant decline, contributing to the overall revenue drop as the company exits this business.
Geographic Revenue Split
Not disclosed in available documents, though the company maintains a strong presence across major Indian cities with 5.5 million sq. ft. of developed Grade A real estate.
Profitability Margins
Net Profit After Tax (PAT) for FY 2024-25 was INR 53 Cr, a 79% decrease from INR 250 Cr in FY 2023-24, which was inflated by one-time gains from asset exits. Profit before tax from continuing operations stood at INR 54.18 Cr for the year.
EBITDA Margin
The consolidated EBITDA margin was 44% for FY 2024-25, down from 56% in FY 2023-24. The Logistics Park segment specifically operates at an EBITDA margin of approximately 53% (INR 40 Cr EBITDA on INR 77 Cr revenue), which is lower than the industry standard of 70-80% due to current S&GA and manpower costs being grouped before stabilization.
Capital Expenditure
The company significantly increased its investment activity, with INR 116.49 Cr paid toward the acquisition of rights, interest in target companies, and capital advances in FY 2024-25, compared to INR 52.33 Cr in the previous year.
Credit Rating & Borrowing
Finance costs for FY 2024-25 were INR 2.24 Cr, a decrease from INR 2.87 Cr in FY 2023-24. Specific credit ratings and interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Not applicable as a real estate and logistics infrastructure provider; primary inputs are land and construction materials for Grade A warehousing.
Capacity Expansion
TREL has developed 5.5 million sq. ft. of Grade A real estate and successfully exited 4.95 million sq. ft. The company is currently deploying capital advances for new assets that are yet to start generating revenue.
Raw Material Costs
Not applicable; however, the company focuses on green building practices and international standards which may influence initial development costs.
Manufacturing Efficiency
The company focuses on 'Grade A' standards to maintain high occupancy and premium rentals. Current assets under management include Container Freight Stations and Inland Container Depots.
Strategic Growth
Expected Growth Rate
13%
Growth Strategy
TREL is focusing on the development of new logistics parks and commercial assets while exiting non-core businesses like equipment hiring. Growth is driven by transitioning to higher-rental clients and deploying INR 116.49 Cr in capital advances for new revenue-generating assets.
Products & Services
Grade A Logistics Parks, Container Freight Stations (CFS), Inland Container Depots (ICD), and advanced engineering facilities.
Brand Portfolio
Transindia Real Estate Limited (TREL).
New Products/Services
Development of new Grade A facilities and expansion of the logistics park portfolio are expected to contribute to future revenue as capital advances convert into operational assets.
Market Expansion
The company maintains a strong presence across major Indian cities and is actively seeking new real estate opportunities to build customer-centric infrastructure.
Market Share & Ranking
Ranked among the top 10 'Logistics Champion Companies' in the industrial space category at the ICSM Indian Logistics Strategy Summit.
Strategic Alliances
The company has signed a closure agreement with the buyer of its equipment business to finalize the exit from that segment.
External Factors
Industry Trends
The industry is shifting toward Grade A warehousing and green building practices. TREL is positioning itself by adopting international standards and sustainable development to attract global logistics players.
Competitive Landscape
Operates in a dynamic and competitive landscape against other industrial real estate developers and logistics park operators.
Competitive Moat
The moat is built on strategic site selection (locational benefits) and the high barrier to entry for Grade A infrastructure. This is sustainable because these assets are critical for supply chain efficiency.
Macro Economic Sensitivity
Highly sensitive to the growth of global and domestic supply chains, as its assets serve as critical enablers for logistics.
Consumer Behavior
Increased demand for efficient, tech-enabled logistics spaces driven by the growth of e-commerce and organized retail.
Geopolitical Risks
Exposure to global supply chain fluctuations which impact the demand for Container Freight Stations and Inland Container Depots.
Regulatory & Governance
Industry Regulations
Operations are subject to real estate development norms and international standards for logistics infrastructure.
Environmental Compliance
The company consistently adopts green building practices and sustainability standards, though specific ESG compliance costs are not disclosed.
Taxation Policy Impact
The company incurred a total tax expense of INR 15.88 Cr in FY 2024-25 on a profit before tax of INR 51.84 Cr, representing an effective tax rate of approximately 30.6%.
Legal Contingencies
The company reported an exceptional item loss of INR 2.35 Cr in FY 2024-25. It also manages contractual obligations related to the sale of its equipment business, which resulted in an expense of INR 2.77 Cr.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timing of revenue generation from new capital expenditures (INR 116.49 Cr), which currently drags down EBITDA margins until assets stabilize.
Geographic Concentration Risk
Concentrated in major Indian cities; specific percentage split per city is not disclosed.
Third Party Dependencies
Dependent on high-quality tenants for rental income; the loss of a major tenant can lead to immediate 10% revenue fluctuations.
Technology Obsolescence Risk
Mitigated by the use of digital tools and advanced technology in facility management to ensure 'future-ready' infrastructure.
Credit & Counterparty Risk
The company recognized an impairment loss under the expected credit loss model of INR 2.79 Cr in FY 2024-25, indicating some exposure to receivable risks.
