Transline Technologies Ltd
Delhi-based ICT integrator building surveillance, smart-city and data-centre projects for government and enterprise clients.
Market cap
₹397.5 Cr
2.50 Cr shares
P/E ratio
24.09
Sector average 30
Book value
₹38.60
P/B 4.12
1-year return
+11.52%
52w ₹127 – ₹199
Currently 44% of the way through its 52-week range.
Indicative price history
1Y change
+14.30% ₹139 → ₹159
52-week band in this window: ₹139.11 – ₹173.92. Weekly indicative marks, not exchange-traded prices.
Key highlights
- ICT integrator serving safe-city, smart-city and digital-education programmes.
- Estimated FY25 revenue of about ₹230 Cr with a high-teens crore profit.
- Trades at about ₹159 with a 100-share lot.
About Transline
Transline Technologies Limited is a New Delhi-headquartered information and communication technology (ICT) system integrator. It designs, supplies and maintains IP surveillance and command-control systems, city-wide networking, data-centre and cloud infrastructure, smart-classroom and e-governance platforms, and managed IT services, with a client base weighted towards central and state government departments, public-sector undertakings and large enterprises.
Founded in 2008 as a private company and converted to a public limited company ahead of a possible listing, the company has grown its order book on the back of Safe City, Smart City and digital-education tenders. Revenue is project-driven and recognised on delivery milestones, so year-to-year growth depends on tender wins and government payment cycles.
Shares trade in the unlisted market at about ₹159 with a lot of 100 shares. On our estimate of roughly 2.5 Cr shares in issue the company is valued at about ₹400 Cr, or around 20x estimated FY25 earnings.
Registry identifiers and audited statements could not be retrieved for this profile; revenue, profit, share count and balance-sheet line items are reconstructed from dealer-page summaries and should be treated as approximate.
Where the revenue comes from
- Surveillance & safe-city systems45%
IP cameras, command-and-control centres, video analytics
- Networking & data-centre infrastructure30%
Campus and city networks, data-centre build and cloud
- Education & e-governance solutions15%
Smart classrooms, digital content and citizen-service platforms
- Managed services & AMC10%
Operations and maintenance contracts
Products & services
Surveillance & command centres
IP CCTV, video analytics and integrated command-and-control centres for cities and campuses.
Network & data-centre infrastructure
Design, supply and commissioning of enterprise and city networks, data centres and cloud.
Smart classrooms & e-governance
Digital-education hardware and content, and citizen-service platforms for state governments.
What works
- • Established vendor credentials with government and PSU buyers, which are hard for new entrants to replicate.
- • Diversified across surveillance, networking, data centres and education technology, reducing dependence on a single tender stream.
- • Asset-light integration model with growing annual maintenance contracts that add recurring revenue.
What to watch
- • Heavy dependence on government tenders brings lumpy revenue, long receivable cycles and working-capital strain.
- • Thin margins in hardware-led integration projects; competition from large integrators such as L&T, Honeywell and Sterlite.
- • Limited public disclosure as an unlisted company; the share count and financials used here are estimates.