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Transline Technologies Limited Unlisted Shares
DRHP Status : Not Filed
Trending
165
Fundamentals About Transline Technologies Limited
Current Price
165
Market Cap
1221 Cr
ISIN
INE0OR401022
Face Value
10
P/E Ratio
25.41
EPS
.20
P/B Ratio
6.46
Book Value
21.35
Debt to Equity Ratio
.48
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of Transline Technologies Limited
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 40 | 114 | 228 | 371 |
| Cost of Material Consumed | 34.4 | 96 | 152 | 282 |
| Change in Inventory | -4 | -7 | 4 | -21 |
| Gross Margins | 24 | 21.93 | 31.58 | 29.65 |
| Employee Benefit Expenses | 5.3 | 7 | 12 | 19 |
| Other Expenses | 5 | 4 | 7 | 12 |
| EBITDA | -0.7 | 14 | 53 | 79 |
| OPM | -1.75 | 12.28 | 23.25 | 21.29 |
| Other Income | 3 | 0.8 | 0.4 | 0.8 |
| Finance Cost | 0.7 | 1.3 | 2.6 | 7 |
| D&A | 1.1 | 1 | 1.5 | 4 |
| EBIT | -1.8 | 13 | 51.5 | 75 |
| EBIT Margins | -4.5 | 11.4 | 22.59 | 20.22 |
| PBT | 0.8 | 12 | 49 | 68 |
| PBT Margins | 2 | 10.53 | 21.49 | 18.33 |
| Tax | 0.2 | 2 | 13 | 20 |
| PAT | 0.6 | 10 | 36 | 48 |
| NPM | 1.5 | 8.77 | 15.79 | 12.94 |
| EPS | 1.75 | 13.33 | 22.22 | 26.82 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | -1.75 | 12.28 | 23.25 | 21.29 |
| Net Profit Margin | 1.5 | 8.77 | 15.79 | 12.94 |
| Earning Per Share (Diluted) | 1.75 | 13.33 | 22.22 | 26.82 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 4.5 | 6 | 14 | 16 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 4.2 | 0 | 0 | 0 |
| Trade Receivables | 31 | 52 | 150 | 189 |
| Inventory | 6 | 13 | 9 | 30 |
| Other Assets | 11.3 | 14 | 45 | 162 |
| Total Assets | 57 | 85 | 218 | 397 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 3.43 | 7.5 | 16.2 | 17.9 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 17 | 23 | 68 | 161 |
| Borrowings | 6 | 7 | 41 | 86 |
| Trade Payables | 24 | 32 | 71 | 107 |
| Other Liabilities | 6.57 | 15.5 | 21.8 | 25.1 |
| Total Liabilities | 57 | 85 | 218 | 397 |
About Company
The following table shows a 10-point analysis of Transline Technologies Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | FY25 Revenue ~₹371–372 Cr · PAT ~₹48 Cr · PAT margin ~13% | Leading provider of AI-powered surveillance, biometrics, facial recognition, IoT applications, system integration and security solutions. Focused on government, PSU and enterprise clients with strong expertise in identity and digital AI technologies. 24+ years of experience with pan-India and international presence. |
| Industry & Market Position | Mid-tier security tech player · Strong Govt/PSU exposure | Competitive within organized surveillance and biometric technology space; benefits from Digital India, smart cities and security infrastructure push. Differentiates through domain expertise, certifications and customized solutions; exposed to project cycles and competitive intensity. |
| Revenue Growth Trend | FY23–FY25 CAGR ~50%+ · ~64% YoY growth in FY25 | Revenue expanded sharply from ~₹114 Cr (FY23) to ~₹371–372 Cr (FY25), driven by strong order wins and execution. Momentum supported by digital security demand and infrastructure spending tailwinds. |
| Profitability & Margins | EBITDA strong · ROE positive · PAT margin ~13% | Margin expansion from operating leverage and cost control. PAT growth aligned with revenue surge; earnings quality strong relative to peers in security technology segment. |
| Cash Flow Quality | OCF positive · Dividend payouts noted | Healthy cash generation from project milestones and advances; low capex intensity supports free cash flow. Cash flows adequate to fund growth and shareholder payouts. |
| Balance Sheet Strength | Net worth strong · Debt low/moderate | Comfortable leverage position with adequate liquidity buffers. Strong equity base following growth phase; downside partly protected by diversified client base and order book. |
| Valuation Comfort | Unlisted price ~₹165–175 (Feb 2026) · P/E ~31–35x · Market cap ~₹1,500–1,600 Cr | Reasonable valuation for high-growth security and AI tech company. Multiple justified by strong revenue expansion and IPO anticipation; attractive positioning in pre-listing phase. |
| Management & Governance | Professional management · Clean disclosures | Proven execution track record in surveillance and system integration. Transparent reporting practices with no significant governance concerns observed. |
| Growth Triggers & Catalysts | Strong order book · AI/security demand · IPO (DRHP filed 2025) | Upside from continued digital security expansion, contract execution and technological capability enhancement. IPO filing (2025) and planned OFS act as major liquidity and valuation re-rating catalysts. |
| Liquidity & Exit Visibility | OTC liquidity · IPO pending | Moderate unlisted market liquidity currently; significant improvement expected post-listing. IPO expected to enhance exit visibility and unlock valuation gains. |
Transline Technologies Limited is a technology services and electronics manufacturing company founded in 2001.
- Specialises in electronics manufacturing, IT solutions, and security systems.
- Offers products and services in surveillance, biometric identification, HR management software, and IoT-enabled solutions.
- Provides end-to-end solutions, from design and manufacturing to operations, with a focus on emerging technologies like IoT and cloud computing.
- Pan-India presence, catering to public sector organisations and private enterprises.
- Notable clients include Indian Oil Corporation Ltd., Indian Railways, Delhi Police, Tamil Nadu Police Department, and other corporate and government entities.
Business Model & Offerings
- Operates as a B2B technology and electronics solutions provider.
- Electronics System Design and Manufacturing (ESDM):
- Complete lifecycle services from design to production and integration.
- Serves industries such as automotive, industrial, and telecommunications.
- Specialises in IP surveillance, biometric attendance systems, and vehicle scanning systems.
- Human Identity and Security Solutions:
- Fingerprint, iris, and face recognition systems.
- Advanced surveillance products like baggage scanners, metal detectors, and under-vehicle scanning systems.
- IT Infrastructure & Cloud Solutions:
- Client solutions, server & storage systems, and security services.
- Cloud computing, digitisation, and AMC services.
- Software Solutions:
- Custom software for HR management, transport ERP, and biometric attendance systems.
- Telecom & Other Services:
- Digitisation, OEM services, and installation services for public and private sector clients.
Growth, Reach & Clients
- Pan-India operations with a significant presence in the surveillance and biometric sectors.
- Custom-designed solutions for clients in automotive, IT, and government sectors.
- Works with Indian Oil Corporation Ltd., Indian Railways, Delhi Police, Tamil Nadu Police Department, and other large enterprises.
- Known for technology-driven solutions in video management, data analytics, and real-time threat detection.
Recent Developments
- Surveillance System Contract with IOCL (2024):
- Implementing IP-based CCTV surveillance in Telangana and Andhra Pradesh.
- Features advanced analytics, explosion-proof cameras, and integrated monitoring systems.
- Launch of SmartCAMSTORE+ (Feb 2024):
- Cloud-based storage solution for surveillance data.
- Reduces storage requirements by up to 90% and simplifies footage retrieval for schools, malls, hospitals, and corporate offices.
Future Outlook
- Plans to invest further in IoT and AI-driven applications.
- Secured orders worth INR 522 crores for FY24.
- Identified contracts valued at INR 1,750 crores for FY25, focusing on cutting-edge video management and analytics solutions.
Funding & IPO Status
- April 2024: Raised capital via 5,95,800 shares.
- May 2024: Additional funds via 8,87,824 shares.
- December 2024: Reduced face value from ₹10 to ₹2 per share.
- Total outstanding shares: 8,84,70,000.
- Currently unlisted, providing an opportunity for private investors.
Quick Summary
Transline Technologies Limited is a leading electronics and technology solutions company with expertise in security, surveillance, biometric systems, IT infrastructure, and software solutions.
- Operates across public and private sectors, with pan-India reach.
- Offers custom solutions in surveillance, biometric identification, and IT infrastructure.
- Recent cloud-based innovation (SmartCAMSTORE+) demonstrates a commitment to digital transformation.
- Fundraising and shareholding structure indicate readiness for potential future listing.
Click here to view the official website of Transline Technologies Ltd.
Shareholding Pattern of Transline Technologies Limited
| Name | Holding |
|---|---|
| RKG Enterprises Private Limited | 41.58% |
| Amita Gupta | 16.11% |
| Arun Gupta | 9.50% |
| Others | 32.81% |
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Frequently Asked Questions
Equity shares of Transline Technologies Limited, a technology services and electronics manufacturing company, are not listed on NSE or BSE.
Verified shares can be purchased through UnlistedKraft.
Electronics manufacturing, surveillance systems, biometric identification, HR software, IT infrastructure, cloud solutions, and telecom services.
Indian Oil Corporation Ltd., Indian Railways, Delhi Police, Tamil Nadu Police Department, and other corporate/government entities.
Yes, SmartCAMSTORE+, a cloud-based surveillance data storage solution launched in Feb 2024.
Yes, the company plans to invest further in IoT and AI-driven solutions.
Yes, a demat account is mandatory for holding unlisted shares.
Yes, shares can be sold in the private market, depending on buyer availability.
There are 8,84,70,000 shares outstanding after recent funding and face value reduction.
+91-9599071664
amit@unlistedkraft.in