Titagarh Rail Systems Ltd

Titagarh Rail Systems Ltd

₹ 859 4.37%
12 Jun - close price
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

Market Position
It is the only Indian company that manufactures both wagons and coaches. It commands a 25% market share in the wagon manufacturing industry. [1]

  • Market Cap 11,564 Cr.
  • Current Price 859
  • High / Low 970 / 569
  • Stock P/E 57.2
  • Book Value 184
  • Dividend Yield 0.12 %
  • ROCE 11.7 %
  • ROE 8.09 %
  • Face Value 2.00

Pros

  • Company's median sales growth is 25.3% of last 10 years

Cons

  • Company has a low return on equity of 12.4% over last 3 years.
  • Dividend payout has been low at 5.67% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -7.38%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
974 911 935 955 1,052 903 1,049 902 998 674 788 823 859
879 805 820 844 932 801 914 802 883 597 700 724 755
Operating Profit 95 106 115 111 120 102 134 100 116 77 89 99 104
OPM % 10% 12% 12% 12% 11% 11% 13% 11% 12% 11% 11% 12% 12%
8 10 7 14 15 12 6 22 -249 10 10 -7 18
Interest 22 19 20 18 16 13 17 21 22 18 18 17 17
Depreciation 6 7 7 7 7 7 7 6 8 12 12 12 14
Profit before tax 75 90 95 100 112 94 115 95 -163 57 68 63 90
Tax % 29% 25% 25% 25% 26% 25% 26% 28% -9% 25% 31% 26% 25%
53 68 71 75 83 71 85 69 -148 43 47 47 68
EPS in Rs 4.43 5.65 5.57 5.57 6.19 5.30 6.32 5.12 -10.99 3.17 3.51 3.46 5.05
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
376 311 349 314 1,060 1,484 1,026 1,496 2,781 3,853 3,866 3,144
346 315 331 316 999 1,355 906 1,327 2,516 3,401 3,427 2,775
Operating Profit 30 -4 18 -2 62 129 119 168 264 452 439 369
OPM % 8% -1% 5% -1% 6% 9% 12% 11% 10% 12% 11% 12%
1 7 24 23 -93 -144 16 -30 -2 46 75 -24
Interest 6 5 4 9 39 65 55 57 81 73 73 70
Depreciation 9 12 12 13 16 18 16 18 22 27 30 50
Profit before tax 15 -14 26 -1 -87 -98 64 63 159 397 412 224
Tax % 34% -35% 27% -468% -36% -19% 22% 47% 35% 25% 26% 33%
10 -9 19 3 -55 -80 50 33 103 297 303 151
EPS in Rs 0.98 -0.78 1.67 0.25 -4.79 -6.91 4.21 2.80 8.65 22.05 22.53 11.19
Dividend Payout % 16% -103% 48% 119% -6% 0% 0% 0% 6% 4% 4% 9%
Compounded Sales Growth
10 Years: 26%
5 Years: 25%
3 Years: 4%
TTM: -19%
Compounded Profit Growth
10 Years: 35%
5 Years: 34%
3 Years: 15%
TTM: -33%
Stock Price CAGR
10 Years: 25%
5 Years: 71%
3 Years: 27%
1 Year: -4%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 20 23 23 23 23 23 24 24 24 27 27 27
Reserves 610 852 872 867 873 793 848 846 939 2,201 2,493 2,456
15 13 43 99 299 212 104 198 353 166 627 612
117 121 140 194 448 409 442 617 710 832 650 949
Total Liabilities 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,026 3,226 3,797 4,044
113 299 307 302 590 586 575 678 732 748 991 1,351
CWIP 2 2 5 16 19 0 16 0 12 175 123 70
Investments 216 233 363 384 158 104 133 60 45 213 343 422
430 475 403 481 877 747 693 947 1,238 2,090 2,339 2,202
Total Assets 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,026 3,226 3,797 4,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
91 -44 -28 28 -94 296 226 35 62 93 -101 311
-45 -75 3 -67 22 -143 -39 -59 -77 -531 -581 -126
-63 115 28 37 70 -145 -147 -22 50 724 373 -51
Net Cash Flow -18 -4 3 -2 -1 8 40 -46 34 286 -310 134
Free Cash Flow 82 -47 -54 16 -122 298 206 -37 25 -71 -331 -56
CFO/OP 334% 1,007% -146% -1,176% -149% 236% 188% 27% 48% 43% -1% 103%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 73 84 115 122 64 39 46 48 37 50 63 72
Inventory Days 222 258 278 272 152 70 99 106 78 64 65 90
Days Payable 65 67 68 76 162 72 67 78 55 39 29 51
Cash Conversion Cycle 230 274 325 318 54 37 79 77 60 75 99 111
Working Capital Days 157 223 214 212 62 72 89 28 20 61 58 70
ROCE % 6% 1% 3% 0% 7% 11% 11% 16% 24% 25% 17% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Wagon Manufacturing Capacity
Units per annum

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Casting Manufacturing Capacity (Liquid Metal)
Metric Tonnes
Actual Casting Production
Metric Tonnes
Total Order Book
INR Crores
Wagon Production Volume
Units
Passenger Coach Capacity
Coaches per annum
Wagon Manufacturing Market Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
47.82% 44.97% 42.47% 42.46% 40.46% 40.46% 40.46% 40.46% 40.46% 40.46% 40.46% 40.46%
7.05% 16.85% 20.04% 17.27% 19.56% 16.32% 13.67% 11.63% 9.49% 9.56% 10.66% 10.67%
9.68% 10.45% 12.27% 13.72% 14.13% 13.94% 15.01% 13.40% 11.67% 12.77% 12.60% 12.46%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
35.43% 27.73% 25.22% 26.53% 25.83% 29.25% 30.86% 34.49% 38.35% 37.19% 36.28% 36.42%
No. of Shareholders 1,41,5611,91,9102,24,2052,92,3953,62,2034,61,4425,15,6385,87,4226,17,5055,91,4885,71,5035,59,860

* 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.

Click on the line-items to see the names of individual entities.

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