Titagarh Rail Systems Ltd

Titagarh Rail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Titagarh Rail Systems Ltd

₹ 1,275 4.15%
18 May 12:50 p.m.
titagarh.in BSE: 532966 NSE: TITAGARH
About

Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited), incorporated in 1997, is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets.[1]

Key Points

Business Segments
Freight Rolling Stock - Consists of manufacturing of Wagons, Loco Shells, bogies, couplers, and their components.
Passenger Rolling Stock - Designing and manufacturing of Metro, Passenger Coaches, EMUs, Train Sets, Mono Rail, Propulsion equipment, Traction Motors, and its components. Shipbuilding, Bridges & Defence - Designing and Construction of Warships, Passenger Vessels, Tug, and other specialized self-propelled vessels and their components; and specialized equipment for Indian Defence Sector and Modular Bridging solutions. [1]

Website BSE NSE
  • Market Cap ₹ 17,173 Cr.
  • Current Price ₹ 1,275
  • High / Low ₹ 1,310 / 321
  • Stock P/E 57.8
  • Book Value ₹ 165
  • Dividend Yield 0.04 %
  • ROCE 25.4 %
  • ROE 18.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.4% CAGR over last 5 years
  • Company's median sales growth is 38.6% of last 10 years

Cons

  • Stock is trading at 7.71 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
269 338 345 386 422 434 606 766 974 911 935 955 1,052
236 301 306 340 378 393 551 694 879 805 820 844 932
Operating Profit 33 37 39 46 45 41 55 73 95 106 115 111 120
OPM % 12% 11% 11% 12% 11% 9% 9% 9% 10% 12% 12% 12% 11%
3 7 -27 2 -10 9 -30 10 8 10 7 14 15
Interest 11 11 13 17 16 16 20 23 22 19 20 18 16
Depreciation 4 4 4 5 6 5 5 5 6 7 7 7 7
Profit before tax 21 28 -5 26 13 29 -0 55 75 90 95 100 112
Tax % 17% 27% -153% 28% 49% 21% -6,506% 28% 29% 25% 25% 25% 26%
17 21 -13 19 7 23 -12 39 53 68 71 75 83
EPS in Rs 1.44 1.73 -1.08 1.55 0.55 1.93 -0.99 3.28 4.43 5.65 5.57 5.57 6.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
499 261 376 311 349 314 1,060 1,484 1,026 1,496 2,781 3,853
469 268 346 315 331 316 999 1,355 906 1,327 2,516 3,401
Operating Profit 30 -6 30 -4 18 -2 62 129 119 168 264 452
OPM % 6% -2% 8% -1% 5% -1% 6% 9% 12% 11% 10% 12%
29 25 1 7 24 23 -93 -144 16 -30 -2 46
Interest 15 6 6 5 4 9 39 65 55 57 81 73
Depreciation 7 7 9 12 12 13 16 18 16 18 22 27
Profit before tax 37 6 15 -14 26 -1 -87 -98 64 63 159 397
Tax % 36% 37% 34% 35% 27% 468% 36% 19% 22% 47% 35% 25%
24 4 10 -9 19 3 -55 -80 50 33 103 297
EPS in Rs 2.38 0.37 0.98 -0.78 1.67 0.25 -4.79 -6.91 4.21 2.80 8.65 22.05
Dividend Payout % 34% 213% 16% -103% 48% 119% -6% 0% 0% 0% 6% 2%
Compounded Sales Growth
10 Years: 31%
5 Years: 29%
3 Years: 55%
TTM: 39%
Compounded Profit Growth
10 Years: 55%
5 Years: 33%
3 Years: 86%
TTM: 123%
Stock Price CAGR
10 Years: 39%
5 Years: 80%
3 Years: 194%
1 Year: 272%
Return on Equity
10 Years: 8%
5 Years: 12%
3 Years: 14%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 20 20 20 23 23 23 23 23 24 24 24 27
Reserves 619 613 610 852 872 867 873 793 848 846 939 2,201
56 64 15 13 43 99 299 212 104 198 353 166
136 99 117 121 140 194 448 409 442 617 931 832
Total Liabilities 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,247 3,226
100 117 113 299 307 302 590 586 575 678 732 815
CWIP 18 4 2 2 5 16 19 0 16 0 12 108
Investments 145 177 216 233 363 384 158 104 133 60 45 213
569 498 430 475 403 481 877 747 693 947 1,459 2,090
Total Assets 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,247 3,226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12 24 91 -44 -28 28 -94 296 226 35 62 93
45 -13 -45 -75 3 -67 22 -143 -39 -59 -77 -531
-56 -4 -63 115 28 37 70 -145 -147 -22 50 724
Net Cash Flow -22 7 -18 -4 3 -2 -1 8 40 -46 34 286

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 68 73 84 115 122 64 39 50 48 37 50
Inventory Days 274 535 222 258 278 272 152 70 99 106 78 64
Days Payable 69 45 65 67 68 76 162 72 67 78 55 39
Cash Conversion Cycle 283 559 230 274 325 318 54 37 82 77 60 75
Working Capital Days 225 357 171 239 260 327 133 88 90 49 47 64
ROCE % 7% 2% 6% 1% 3% 0% 7% 11% 11% 16% 24%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.23% 45.77% 47.00% 47.05% 47.26% 47.26% 47.82% 47.82% 47.82% 44.97% 42.47% 42.46%
4.34% 5.37% 4.94% 4.85% 4.63% 4.82% 5.27% 6.07% 7.05% 16.85% 20.04% 17.27%
9.14% 9.34% 8.53% 7.73% 7.37% 7.00% 6.78% 6.61% 9.68% 10.45% 12.27% 13.72%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
41.28% 39.51% 39.51% 40.36% 40.73% 40.91% 40.10% 39.48% 35.43% 27.73% 25.22% 26.53%
No. of Shareholders 1,14,2121,14,9451,11,7391,09,7731,08,8391,04,8311,04,9001,07,8451,41,5611,91,9102,24,2052,92,395

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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