
Transline Technologies Limited
vs. prev. close ₹165
52W High
₹178
52W Low
₹124
Price History
52W High
₹178
52W Low
₹124
About Transline Technologies Limited
Transline Technologies is a 23-year-old technology solutions provider spanning video surveillance, biometrics, IT infrastructure, and managed services, built on proprietary software including StorePulse, CheckCam, and CamStore. It serves government bodies, public sector units, and private enterprises across IT, railways, and oil and gas. FY26 revenue grew 31.6% to ₹488.46 Cr, with PAT up 45.4% to ₹70.28 Cr and EPS of ₹7.84. SEBI has approved its IPO; the RHP is yet to be filed.
Why It Trades Where It Does
As of 8th August 2026, Transline traded at roughly 21.4x FY26 diluted earnings, a discount to Allied Digital Services (24.1x), its cleanest listed comparable on business model and scale. Orient Technologies and Nelco traded far higher, at 260x and 567x respectively, but both multiples were distorted by sharply depressed current-year earnings rather than genuine premium demand, making the earnings comparison unreliable for those two. On book value, Transline's multiple sat above Allied Digital's and Orient's, a premium supported by a return-on-net-worth near 33%, well above any of the three peers. The earnings-multiple discount is the more dependable read of the two.
Top Risks
Trade receivables of ₹218.07 Cr equal roughly 45% of FY26 revenue, and over 66% of FY25 revenue came from government and PSU customers, concentrating both collection risk and payment-timing risk in a small, slow-paying customer base.
Order book stood at ₹198.69 Cr as of March 2025 per the DRHP; the FY26 figure has not yet been officially disclosed, and execution delays or cancellations flow straight through to revenue recognition.
Current borrowings rose to ₹103.69 Cr in FY26 from ₹79.82 Cr in FY25, reflecting a working-capital-intensive model that scales debt alongside revenue growth.
Top Opportunities
India's video surveillance and biometrics market is sized at ₹43,109 Cr in FY25 and is projected to grow at a 16.5% CAGR through FY30, per Frost & Sullivan estimates cited in the DRHP.
FY26 revenue grew 31.6% and PAT grew 45.4%, both accelerating well ahead of the three listed peers, whose earnings compressed sharply this year.
SEBI approved the company's IPO in January 2026; a public listing would improve liquidity and institutional visibility and could help close the current valuation gap versus peers.
Disclaimer
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Company Details
Industry
Information Technology
Founded
2001
Headquarters
New Delhi, India
Min Lot Size
100
Face Value
₹10.00
Total Shares
89675000
Regulatory Information
Corporate Identity Number (CIN)
U72900DL2001PTC109496
PAN Number
AABCT3687J
ISIN
INE0OR401022
Depository
NSDL & CDSL
Key Valuation Ratios
Valuation
Market Cap
₹1,497.57 Cr
P/E Ratio
21.31×
P/S Ratio
3.07×
P/B Ratio
6.01×
EV / EBITDA
14.72×
Returns & Per Share
ROE
28.21%
EPS
₹7.84
Book Value / Share
₹27.78
Solvency
Debt / Equity
0.44×
Interest Coverage
9.58×
Company Fundamentals
As of FY2026 Annual · updated 11 Aug 2026Gross Profit
₹488.46 Cr
EBITDA
₹109.23 Cr
Revenue Growth
31.66%
Profit Margin
14.39%
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Current Price
₹167Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
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