Trinity Touch Private Limited, incorporated in Delhi in 1970 , is an unlisted, founder-led manufacturer and distributor of electrical infrastructure products — a 55-year-old business that has remained entirely self-funded . The company generates revenue across wiring ducts, DIN rails, cable glands, enclosures, solderless terminals, and ESE lightning protection , serving panel builders, machine builders, and industrial corporations across solar, wind, railways, telecom, and petrochemicals . Geographic reach spans India and the United Kingdom through Trinity Touch EUROPE Ltd , underscoring a deliberate international distribution strategy built on sourcing market-leading products globally for local customers .
Trinity Touch delivered sharp top-line growth through FY2022, though margin compression signals a cost structure that warrants scrutiny before capital deployment.
Revenue surged 43.8% from Rs 201 crore in FY2021 to Rs 289 crore in FY2022 , propelled by accelerating demand across the solar and EIC segments in both domestic and export markets . With H1 FY2023 revenue at Rs 157 crore , full-year FY2023 was projected to exceed Rs 320 crore , implying continued momentum. Medium-term growth is anchored by EIC demand and the nascent EV solutions segment .
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EBITDA margins, however, compressed from 9.62% in FY2021 to 7.59% in FY2022 , driven by employee costs expanding from 11.56% to 13.72% of revenue — a structural cost creep that partially offsets operating leverage from volume growth. CRISIL projects margin recovery to 8–9% over the medium term as raw material pricing softens and pass-through mechanisms take hold .
The balance sheet reflects conservative leverage: gearing stood at 0.19x as of March 31, 2022 , with promoter unsecured loans of Rs 33.29 crore treated as quasi-equity . Interest coverage of 4.43x and a net cash accrual-to-debt ratio of 0.76x confirm adequate debt serviceability. Net worth of Rs 145 crore , projected to reach Rs 160–200 crore over the medium term with gearing held below 0.2x , points to a capital-efficient operating model with meaningful headroom for leverage-funded growth — a key value creation lever for a PE acquirer.