TARACHAND
Tara Chand InfraLogistic Solutions financials
- Market cap
- ₹391 Cr
- Sector
- Services
- Calls analysed
- 6
Tara Chand InfraLogistic Solutions Limited Q1 FY27
What went well
- Revenue grew 11% year-on-year to INR67.6 crores, or about 14% if adjusted for a INR1.86 crore write-off.
- Cash profit was INR17.6 crores for the quarter, down only 6%, significantly better than reported PAT.
- Net debt to equity reduced to 0.87x from 0.92x, remaining within the 1x ceiling despite heavy investment.
What to watch
- EBITDA margin dropped to 30.7%, below the medium-term band of 37-38%.
- Specialized Services business margin almost halved to about 10% from 18% normally due to a client-led scope change.
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 3 delivered 3 missed 9 open- Renewable Energy Contribution to Equipment Rental delivered said Q4 FY25 Promised: 15% to 20% Q1 FY27: Actual 57% of rental revenue from Renewables & Power, significantly exceeding original and revised targets.
- Receivable Days missed said Q1 FY26 Promised: 60 to 70 days Q1 FY27: Actual 97 days, remains significantly above original target.
- EBITDA Margin at risk said Q4 FY26 Promised: sustained in the 37% to 38% band Q1 FY27: Actual Q1 margin was 30.7%, significantly below the 37-38% band. Management expects H1 to be soft with recovery in H2.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 10.7%, net profit down 74.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56 | 64 | 82 | 61 | 66 +17% | 69 +7% | 90 +10% | 68 +11% |
| EBITDA | 18 | 21 | 25 | 22 | 25 +42% | 25 +20% | 31 +24% | 20 −10% |
| Net profit | 7 | 5 | 8 | 6 | 7 +4% | 5 −0% | 9 +9% | 2 −74% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.7% 1Y
1Y: ₹68.62 on 10 Sept 2025 → ₹46.86. High ₹94.78 (15 Oct 2025), low ₹46.86 (11 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.8%
- 7 Aug
- Q4 FY26
- +5.2%
- 7 May
- Q3 FY26
- −2.1%
- 30 Jan
- Q2 FY26
- −0.4%
- 31 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 26.4% a year over 3 years, FY23 to FY26. Operating margin widened to 36.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹141 Cr | ₹172 Cr | ₹248 Cr | ₹285 Cr |
| Operating profit | ₹38 Cr | ₹55 Cr | ₹78 Cr | ₹103 Cr |
| Operating margin | 27.2% | 32.2% | 31.4% | 36.3% |
| Interest | ₹8 Cr | ₹7 Cr | ₹7 Cr | ₹10 Cr |
| Depreciation | ₹22 Cr | ₹29 Cr | ₹44 Cr | ₹59 Cr |
| Net profit | ₹9 Cr | ₹16 Cr | ₹25 Cr | ₹28 Cr |
| Net margin | 6.6% | 9.4% | 10.0% | 9.7% |
| Cash from operations | ₹42 Cr | ₹46 Cr | ₹56 Cr | ₹69 Cr |
| Free cash flow | ₹16 Cr | ₹-9 Cr | ₹-3 Cr | ₹-11 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹15 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹41 Cr | ₹44 Cr | ₹58 Cr | ₹80 Cr | ₹120 Cr | ₹133 Cr |
| Borrowings | ₹105 Cr | ₹94 Cr | ₹87 Cr | ₹85 Cr | ₹130 Cr | ₹138 Cr |
| Other liabilities | ₹59 Cr | ₹52 Cr | ₹68 Cr | ₹77 Cr | ₹191 Cr | ₹229 Cr |
| Total liabilities | ₹219 Cr | ₹203 Cr | ₹227 Cr | ₹257 Cr | ₹457 Cr | ₹516 Cr |
| Fixed assets | ₹139 Cr | ₹124 Cr | ₹144 Cr | ₹180 Cr | ₹328 Cr | ₹355 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹80 Cr | ₹80 Cr | ₹83 Cr | ₹77 Cr | ₹129 Cr | ₹162 Cr |
| Total assets | ₹219 Cr | ₹203 Cr | ₹227 Cr | ₹257 Cr | ₹457 Cr | ₹516 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.96 pp while the public trimmed −0.95 pp. The shareholder count grew 12% to 16,250.
- Promoters
- 71.6%
- FIIs
- 0.1%
- Public
- 28.2%
Since Jun 2025
- Promoters +0.96 pp
- Public −0.95 pp
- FIIs −0.01 pp
How it drifted, 12 quarters
Over this window promoters fell from 74.4% to 71.6% — −2.8 pp.
Ownership split by quarter, oldest first. Apr '23: Promoters 74.4%, Public 25.6%.Sep '23: Promoters 73.3%, Public 26.7%.Mar '24: Promoters 69.7%, Public 30.3%.Jun '24: Promoters 69.6%, Public 30.4%.Sep '24: Promoters 69.6%, Public 30.4%.Dec '24: Promoters 69.6%, FIIs 0.0%, DIIs 0.5%, Public 29.8%.Mar '25: Promoters 70.7%, FIIs 0.1%, Public 29.2%.Jun '25: Promoters 70.7%, FIIs 0.1%, Public 29.2%.Sep '25: Promoters 70.7%, FIIs 0.1%, Public 29.3%.Dec '25: Promoters 71.1%, FIIs 0.1%, Public 28.8%.Mar '26: Promoters 71.6%, FIIs 0.1%, Public 28.2%.Jun '26: Promoters 71.6%, FIIs 0.1%, Public 28.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Chhatisgarh Investments Limited newly disclosed 1.90% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Tara Chand InfraLogistic Solutions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vinay Kumar | 51.82% | unchanged |
| Ajay Kumar | 11.36% | unchanged |
| Chhatisgarh Investments Limited | 1.90% | newly disclosed |
| Himanshu Aggarwal | 1.64% | unchanged |
| Anju Aggarwal | 1.37% | unchanged |
| Arnav Aggarwal | 1.28% | unchanged |
| Anita Aggarwal | 1.27% | unchanged |
| Ankita Aggarwal | 1.27% | unchanged |
| Prerna Sandeep Agarwal | 0.60% | unchanged |
| Peeyush Vinay Aggarwal | 0.53% | unchanged |
| Tara chand Industries Limited | 0.50% | unchanged |
| Rakesh Mittal | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Tara Chand InfraLogistic Solutions Limited
Guides on how to read this kind of business and the numbers that matter.