Trishakti Industries Ltd has spent approximately Rs 74 crore (including taxes) in the first half of FY 2025–26 toward capital expenditure—close to its full-year target of Rs 100 crore. 

The investments are focused on expanding and upgrading its fleet of construction, lifting, and allied equipment for infrastructure contracts.

However, the company is coming off a period of sharply declining revenues. In FY 2025, its standalone net sales plunged to about Rs 2.20 crore, down nearly 95% year-on-year, with consolidated figures showing similar declines. The capex push may signal confidence in a rebound in infrastructure demand or an effort to better compete in project execution.

Trishakti’s balance sheet shows rising equity and debt: total equity in FY 2024 stood at about Rs 26.24 crore (versus ₹10.92 crore in FY 2023), while total debt ballooned to Rs 32.92 crore. The key challenge ahead will be converting these heavy investments into sustainable growth and restoring revenue stability.