Trishakti Scales Fleet With Rs 1.9 bn CapEx In FY26

28 Mar 2026 CW Team

Trishakti Industries deployed approximately Rs 1.9 billion (bn), including taxes, in capital expenditure during FY26, 90 per cent ahead of its guided Rs 1 bn target and raising cumulative fleet investment to about Rs 2.4 bn. The company expanded its fleet to 138 machines, all operating at 100 per cent utilisation across more than 20 live projects.

The accelerated CapEx was driven by strong project visibility, a favourable macroeconomic environment for infrastructure and renewable energy, and the company's ability to quickly onboard high capacity equipment. Procurement included advanced crawler cranes, mobile lifting systems, boom lifters and specialised industrial equipment from original equipment manufacturers such as XCMG Group and Sany. The expansion increased total assets to over Rs 2.4 bn, approximately 60 per cent of the Rs 4 bn plan through FY28.

Key investor metrics showed total CapEx over FY25 and FY26 at Rs 2.4 bn with a fleet size of 138 and utilisation at 100 per cent across more than 20 projects. The annualised revenue run rate after nine months of FY26 was about Rs 600 million (mn) and Q3 FY26 EBITDA margin stood at 70.05 per cent. Expected return on capital employed was projected at between 22 and 25 per cent, with roughly 60 per cent of the Rs 4 bn plan completed.

Management indicated the deployment marked an inflection point and that executing about Rs 1.9 bn against a Rs 1 bn guidance demonstrates demand and positions the company for rapid revenue acceleration and compounding growth. Trishakti Industries, established in 1985, provides hired heavy earth moving equipment to large scale projects in sectors such as steel, cement, railways and construction while focusing on operational excellence and safety.

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