Titagarh Rail Systems Ltd

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

Titagarh Rail Systems Ltd

₹ 1,042 -0.36%
26 Apr - 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 ₹ 14,030 Cr.
  • Current Price ₹ 1,042
  • High / Low ₹ 1,249 / 321
  • Stock P/E 55.0
  • Book Value ₹ 103
  • Dividend Yield 0.05 %
  • ROCE 17.6 %
  • ROE 13.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Debtor days have improved from 76.9 to 36.7 days.
  • Company's working capital requirements have reduced from 117 days to 46.8 days

Cons

  • Stock is trading at 10.1 times its book value
  • Company has a low return on equity of 4.36% 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

Consolidated Figures in Rs. Crores / View Standalone

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
449 430 507 342 379 422 432 607 766 974 911 935 955
422 410 463 304 336 376 392 554 701 882 805 821 844
Operating Profit 28 20 44 38 43 46 40 53 65 92 106 115 111
OPM % 6% 5% 9% 11% 11% 11% 9% 9% 9% 9% 12% 12% 12%
6 14 9 -8 -12 -44 -13 29 11 7 4 7 14
Interest 19 22 20 13 17 16 16 20 23 22 19 20 18
Depreciation 8 8 8 4 5 6 5 5 5 6 7 7 7
Profit before tax 6 4 25 13 9 -19 6 57 48 70 84 95 100
Tax % 113% 81% 31% 57% 83% -33% 101% 21% 32% 31% 27% 25% 25%
-1 1 17 6 1 -25 -0 45 33 48 62 71 75
EPS in Rs -0.02 0.06 1.46 0.48 0.12 -2.09 0.10 4.03 2.72 4.03 5.17 5.55 5.56
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
891 782 624 761 959 1,714 1,268 1,559 1,766 1,521 1,468 2,780 3,775
754 736 619 721 929 1,605 1,365 1,550 1,740 1,440 1,303 2,529 3,352
Operating Profit 137 46 5 40 30 108 -97 9 27 81 165 251 423
OPM % 15% 6% 1% 5% 3% 6% -8% 1% 2% 5% 11% 9% 11%
14 27 20 -0 20 24 25 25 34 25 -61 34 32
Interest 16 22 14 18 17 31 44 65 88 81 57 81 80
Depreciation 11 15 18 26 46 52 51 24 29 30 18 22 26
Profit before tax 124 36 -7 -4 -13 50 -167 -56 -57 -6 29 181 349
Tax % 32% 38% -58% -177% -52% 45% 12% 59% 36% -237% 102% 31%
84 22 -10 -10 -20 27 -147 -23 -36 -19 -1 126 255
EPS in Rs 8.29 2.35 -0.89 -0.33 -1.69 2.33 -12.43 -2.47 -2.96 -1.26 -0.03 10.89 20.31
Dividend Payout % 19% 34% -90% -48% -47% 34% -2% -12% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: 14%
5 Years: 17%
3 Years: 16%
TTM: 69%
Compounded Profit Growth
10 Years: 19%
5 Years: 24%
3 Years: 76%
TTM: 135%
Stock Price CAGR
10 Years: 40%
5 Years: 76%
3 Years: 181%
1 Year: 214%
Return on Equity
10 Years: -1%
5 Years: 1%
3 Years: 4%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 644 656 642 669 930 944 832 793 743 817 818 940 1,359
148 128 128 125 233 372 624 896 730 847 920 353 362
235 278 289 246 1,493 1,356 1,210 975 775 775 903 931 981
Total Liabilities 1,047 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,248 2,728
254 272 323 416 977 933 958 935 872 871 966 732 720
CWIP 16 26 11 27 13 15 27 36 0 41 61 12 58
Investments 33 33 33 1 21 82 83 87 29 31 30 32 32
743 751 712 616 1,666 1,665 1,621 1,630 1,371 1,518 1,607 1,472 1,918
Total Assets 1,047 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,248 2,728

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
109 -40 68 102 -154 -177 -121 -124 154 68 55 41
-70 41 -34 -25 -50 44 -45 -49 4 -60 -73 -61
18 -36 -17 -69 216 111 191 214 -227 43 -53 67
Net Cash Flow 57 -34 18 8 11 -22 25 40 -70 51 -71 46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 40 86 81 54 87 50 79 81 52 136 58 37
Inventory Days 180 249 313 176 471 182 213 203 119 142 176 78
Days Payable 69 85 84 75 248 150 148 209 111 146 153 55
Cash Conversion Cycle 151 250 310 155 310 82 145 75 60 131 81 60
Working Capital Days 126 164 162 80 77 77 115 131 132 164 139 47
ROCE % 19% 7% 2% 5% 2% 6% -8% 1% 2% 5% 9% 18%

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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