Titagarh Rail Systems Ltd

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

Titagarh Rail Systems Ltd

₹ 942 -1.22%
10 Jun 12:57 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

Market Position
It is the only Indian company that manufactures both wagons and coaches. It commands a market share of 25-30% in the wagon manufacturing industry. [1]

Website BSE NSE
  • Market Cap ₹ 12,688 Cr.
  • Current Price ₹ 942
  • High / Low ₹ 1,897 / 655
  • Stock P/E 46.1
  • Book Value ₹ 184
  • Dividend Yield 0.08 %
  • ROCE 16.6 %
  • ROE 11.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 56.9% CAGR over last 5 years

Cons

  • Debtor days have increased from 50.1 to 63.3 days.
  • Promoter holding has decreased over last 3 years: -6.60%
  • Working capital days have increased from 72.6 days to 106 days

* 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

Industrials Capital Goods Industrial Manufacturing Railway Wagons

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
422 432 607 766 974 911 935 955 1,052 903 1,057 902 1,006
376 392 554 701 882 805 821 844 935 806 932 809 913
Operating Profit 46 40 53 65 92 106 115 111 118 97 125 94 93
OPM % 11% 9% 9% 9% 9% 12% 12% 12% 11% 11% 12% 10% 9%
-44 -13 29 11 7 4 7 14 12 12 10 23 30
Interest 16 16 20 23 22 19 20 18 16 13 17 21 22
Depreciation 6 5 5 5 6 7 7 7 7 7 8 6 8
Profit before tax -19 6 57 48 70 84 95 100 108 90 111 89 92
Tax % 33% 101% 21% 32% 31% 27% 25% 25% 27% 26% 27% 29% 30%
-25 -0 45 33 48 62 71 75 79 67 81 63 64
EPS in Rs -2.09 0.10 4.03 2.72 4.03 5.17 5.55 5.56 5.86 4.98 5.99 4.66 4.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
624 761 959 1,714 1,268 1,559 1,766 1,521 1,468 2,780 3,853 3,868
619 721 929 1,605 1,365 1,550 1,740 1,440 1,303 2,529 3,404 3,459
Operating Profit 5 40 30 108 -97 9 27 81 165 251 449 409
OPM % 1% 5% 3% 6% -8% 1% 2% 5% 11% 9% 12% 11%
20 -0 20 24 25 25 34 25 -61 34 38 75
Interest 14 18 17 31 44 65 88 81 57 81 73 73
Depreciation 18 26 46 52 51 24 29 30 18 22 27 30
Profit before tax -7 -4 -13 50 -167 -56 -57 -6 29 181 386 382
Tax % 58% 177% 52% 45% -12% -59% -36% 237% 102% 31% 26% 28%
-10 -10 -20 27 -147 -23 -36 -19 -1 126 286 275
EPS in Rs -0.89 -0.33 -1.69 2.33 -12.43 -2.47 -2.96 -1.26 -0.03 10.89 21.25 20.52
Dividend Payout % -90% -48% -47% 34% -2% -12% 0% 0% 0% 5% 4% 5%
Compounded Sales Growth
10 Years: 18%
5 Years: 17%
3 Years: 38%
TTM: 0%
Compounded Profit Growth
10 Years: 34%
5 Years: 57%
3 Years: 881%
TTM: -5%
Stock Price CAGR
10 Years: 25%
5 Years: 96%
3 Years: 105%
1 Year: -29%
Return on Equity
10 Years: 5%
5 Years: 10%
3 Years: 14%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20 20 23 23 23 23 23 24 24 24 27 27
Reserves 642 669 930 944 832 793 743 817 818 940 2,191 2,456
128 125 233 372 624 896 730 847 920 353 166 627
289 246 1,493 1,356 1,210 975 775 775 903 710 832 652
Total Liabilities 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,027 3,216 3,762
323 416 977 933 958 935 872 871 966 732 748 1,106
CWIP 11 27 13 15 27 36 0 41 61 12 174 8
Investments 33 1 21 82 83 87 29 31 30 32 198 299
712 616 1,666 1,665 1,621 1,630 1,371 1,518 1,607 1,251 2,097 2,349
Total Assets 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,027 3,216 3,762

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
68 102 -154 -177 -121 -124 154 68 55 41 86 -97
-34 -25 -50 44 -45 -49 4 -60 -73 -61 -537 -579
-17 -69 216 111 191 214 -227 43 -53 67 724 372
Net Cash Flow 18 8 11 -22 25 40 -70 51 -71 46 274 -304

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 81 54 87 50 79 81 52 136 58 37 50 63
Inventory Days 313 176 471 182 213 203 119 142 176 78 64 65
Days Payable 84 75 248 150 148 209 111 146 153 55 39 29
Cash Conversion Cycle 310 155 310 82 145 75 60 131 81 60 75 99
Working Capital Days 162 80 77 77 115 131 132 164 139 47 65 106
ROCE % 2% 5% 2% 6% -8% 1% 2% 5% 9% 18% 25% 17%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.26% 47.26% 47.82% 47.82% 47.82% 44.97% 42.47% 42.46% 40.46% 40.46% 40.46% 40.46%
4.63% 4.82% 5.27% 6.07% 7.05% 16.85% 20.04% 17.27% 19.56% 16.32% 13.67% 11.63%
7.37% 7.00% 6.78% 6.61% 9.68% 10.45% 12.27% 13.72% 14.13% 13.94% 15.01% 13.40%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
40.73% 40.91% 40.10% 39.48% 35.43% 27.73% 25.22% 26.53% 25.83% 29.25% 30.86% 34.49%
No. of Shareholders 1,08,8391,04,8311,04,9001,07,8451,41,5611,91,9102,24,2052,92,3953,62,2034,61,4425,15,6385,87,422

* 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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