Titagarh Rail Systems Ltd

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

Titagarh Rail Systems Ltd

₹ 1,089 1.92%
14 May - close price
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 ₹ 14,661 Cr.
  • Current Price ₹ 1,089
  • High / Low ₹ 1,249 / 321
  • Stock P/E 55.0
  • Book Value ₹ 103
  • Dividend Yield 0.05 %
  • ROCE 24.0 %
  • ROE 14.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 150% CAGR over last 5 years
  • Company's working capital requirements have reduced from 61.9 days to 46.8 days

Cons

  • Stock is trading at 10.6 times its book value
  • Company has a low return on equity of 9.02% over last 3 years.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
327 269 338 345 386 422 434 606 766 974 911 935 955
291 236 301 306 340 378 393 551 694 879 805 820 844
Operating Profit 36 33 37 39 46 45 41 55 73 95 106 115 111
OPM % 11% 12% 11% 11% 12% 11% 9% 9% 9% 10% 12% 12% 12%
9 3 7 -27 2 -10 9 -30 10 8 10 7 14
Interest 12 11 11 13 17 16 16 20 23 22 19 20 18
Depreciation 4 4 4 4 5 6 5 5 5 6 7 7 7
Profit before tax 29 21 28 -5 26 13 29 -0 55 75 90 95 100
Tax % 24% 17% 27% -153% 28% 49% 21% -6,506% 28% 29% 25% 25% 25%
22 17 21 -13 19 7 23 -12 39 53 68 71 75
EPS in Rs 1.86 1.44 1.73 -1.08 1.55 0.55 1.93 -0.99 3.28 4.43 5.65 5.57 5.57
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
644 499 261 376 311 349 314 1,060 1,484 1,026 1,496 2,781 3,775
543 469 268 346 315 331 316 999 1,355 906 1,327 2,516 3,348
Operating Profit 101 30 -6 30 -4 18 -2 62 129 119 168 264 427
OPM % 16% 6% -2% 8% -1% 5% -1% 6% 9% 12% 11% 10% 11%
28 29 25 1 7 24 23 -93 -144 16 -30 -2 39
Interest 9 15 6 6 5 4 9 39 65 55 57 81 80
Depreciation 6 7 7 9 12 12 13 16 18 16 18 22 26
Profit before tax 115 37 6 15 -14 26 -1 -87 -98 64 63 159 360
Tax % 33% 36% 37% 34% 35% 27% 468% 36% 19% 22% 47% 35%
77 24 4 10 -9 19 3 -55 -80 50 33 103 266
EPS in Rs 7.64 2.38 0.37 0.98 -0.78 1.67 0.25 -4.79 -6.91 4.21 2.80 8.65 21.22
Dividend Payout % 21% 34% 213% 16% -103% 48% 119% -6% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: 19%
5 Years: 55%
3 Years: 23%
TTM: 69%
Compounded Profit Growth
10 Years: 19%
5 Years: 150%
3 Years: 19%
TTM: 168%
Stock Price CAGR
10 Years: 39%
5 Years: 78%
3 Years: 182%
1 Year: 233%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 9%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 20 20 23 23 23 23 23 24 24 24 25
Reserves 606 619 613 610 852 872 867 873 793 848 846 939 1,365
82 56 64 15 13 43 99 299 212 104 198 353 362
153 136 99 117 121 140 194 448 409 442 617 931 981
Total Liabilities 861 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,247 2,733
102 100 117 113 299 307 302 590 586 575 678 732 720
CWIP 8 18 4 2 2 5 16 19 0 16 0 12 58
Investments 145 145 177 216 233 363 384 158 104 133 60 45 45
606 569 498 430 475 403 481 877 747 693 947 1,459 1,910
Total Assets 861 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,247 2,733

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
34 -12 24 91 -44 -28 28 -94 296 226 35 62
-23 45 -13 -45 -75 3 -67 22 -143 -39 -59 -77
23 -56 -4 -63 115 28 37 70 -145 -147 -22 50
Net Cash Flow 34 -22 7 -18 -4 3 -2 -1 8 40 -46 34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 78 68 73 84 115 122 64 39 50 48 37
Inventory Days 183 274 535 222 258 278 272 152 70 99 106 78
Days Payable 78 69 45 65 67 68 76 162 72 67 78 55
Cash Conversion Cycle 152 283 559 230 274 325 318 54 37 82 77 60
Working Capital Days 154 225 357 171 239 260 327 133 88 90 49 47
ROCE % 18% 7% 2% 6% 1% 3% 0% 7% 11% 11% 16% 24%

Shareholding Pattern

Numbers in percentages

1 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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