Titagarh Rail Systems Ltd

Titagarh Rail Systems Ltd

₹ 1,494 0.72%
18 Jun 10:33 a.m.
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]

  • Market Cap 20,117 Cr.
  • Current Price 1,494
  • High / Low 1,597 / 457
  • Stock P/E 69.8
  • Book Value 166
  • Dividend Yield 0.03 %
  • ROCE 24.9 %
  • ROE 18.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 84.5% CAGR over last 5 years
  • Company's median sales growth is 22.0% of last 10 years
  • Company's working capital requirements have reduced from 83.6 days to 64.6 days

Cons

  • Stock is trading at 8.95 times its book value
  • Company has a low return on equity of 12.4% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
430 507 342 379 422 432 607 766 974 911 935 955 1,052
410 463 304 336 376 392 554 701 882 805 821 844 935
Operating Profit 20 44 38 43 46 40 53 65 92 106 115 111 118
OPM % 5% 9% 11% 11% 11% 9% 9% 9% 9% 12% 12% 12% 11%
14 9 -8 -12 -44 -13 29 11 7 4 7 14 12
Interest 22 20 13 17 16 16 20 23 22 19 20 18 16
Depreciation 8 8 4 5 6 5 5 5 6 7 7 7 7
Profit before tax 4 25 13 9 -19 6 57 48 70 84 95 100 108
Tax % 81% 31% 57% 83% -33% 101% 21% 32% 31% 27% 25% 25% 27%
1 17 6 1 -25 -0 45 33 48 62 71 75 79
EPS in Rs 0.06 1.46 0.48 0.12 -2.09 0.10 4.03 2.72 4.03 5.17 5.55 5.56 5.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
782 624 761 959 1,714 1,268 1,559 1,766 1,521 1,468 2,780 3,853
736 619 721 929 1,605 1,365 1,550 1,740 1,440 1,303 2,529 3,404
Operating Profit 46 5 40 30 108 -97 9 27 81 165 251 449
OPM % 6% 1% 5% 3% 6% -8% 1% 2% 5% 11% 9% 12%
27 20 -0 20 24 25 25 34 25 -61 34 38
Interest 22 14 18 17 31 44 65 88 81 57 81 73
Depreciation 15 18 26 46 52 51 24 29 30 18 22 27
Profit before tax 36 -7 -4 -13 50 -167 -56 -57 -6 29 181 386
Tax % 38% -58% -177% -52% 45% 12% 59% 36% -237% 102% 31% 26%
22 -10 -10 -20 27 -147 -23 -36 -19 -1 126 286
EPS in Rs 2.35 -0.89 -0.33 -1.69 2.33 -12.43 -2.47 -2.96 -1.26 -0.03 10.89 21.25
Dividend Payout % 34% -90% -48% -47% 34% -2% -12% 0% 0% 0% 5% 4%
Compounded Sales Growth
10 Years: 20%
5 Years: 20%
3 Years: 36%
TTM: 39%
Compounded Profit Growth
10 Years: 51%
5 Years: 84%
3 Years: 181%
TTM: 130%
Stock Price CAGR
10 Years: 37%
5 Years: 89%
3 Years: 199%
1 Year: 217%
Return on Equity
10 Years: 2%
5 Years: 7%
3 Years: 12%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 656 642 669 930 944 832 793 743 817 818 940 2,204
128 128 125 233 372 624 896 730 847 920 353 166
278 289 246 1,493 1,356 1,210 975 775 775 903 931 832
Total Liabilities 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,248 3,229
272 323 416 977 933 958 935 872 871 966 732 914
CWIP 26 11 27 13 15 27 36 0 41 61 12 8
Investments 33 33 1 21 82 83 87 29 31 30 32 210
751 712 616 1,666 1,665 1,621 1,630 1,371 1,518 1,607 1,472 2,097
Total Assets 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,248 3,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-40 68 102 -154 -177 -121 -124 154 68 55 41 86
41 -34 -25 -50 44 -45 -49 4 -60 -73 -61 -537
-36 -17 -69 216 111 191 214 -227 43 -53 67 724
Net Cash Flow -34 18 8 11 -22 25 40 -70 51 -71 46 273

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 86 81 54 87 50 79 81 52 136 58 37 50
Inventory Days 249 313 176 471 182 213 203 119 142 176 78 64
Days Payable 85 84 75 248 150 148 209 111 146 153 55 39
Cash Conversion Cycle 250 310 155 310 82 145 75 60 131 81 60 75
Working Capital Days 164 162 80 77 77 115 131 132 164 139 47 65
ROCE % 7% 2% 5% 2% 6% -8% 1% 2% 5% 9% 18%

Shareholding Pattern

Numbers in percentages

8 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.

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

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