Titagarh Rail Systems Ltd

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

Titagarh Rail Systems Ltd

₹ 1,308 -2.06%
13 Dec - 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

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 ₹ 17,609 Cr.
  • Current Price ₹ 1,308
  • High / Low ₹ 1,897 / 781
  • Stock P/E 57.9
  • Book Value ₹ 175
  • Dividend Yield 0.06 %
  • ROCE 25.0 %
  • ROE 18.1 %
  • Face Value ₹ 2.00
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Pros

  • 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 7.48 times its book value
  • Company has a low return on equity of 12.4% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.32%

* 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

Part of BSE 250 SmallCap Index BSE Industrials Nifty 500 BSE Allcap Nifty Smallcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
342 379 422 432 607 766 974 911 935 955 1,052 903 1,057
304 336 376 392 554 701 882 805 821 844 935 806 932
Operating Profit 38 43 46 40 53 65 92 106 115 111 118 97 125
OPM % 11% 11% 11% 9% 9% 9% 9% 12% 12% 12% 11% 11% 12%
-8 -12 -44 -13 29 11 7 4 7 14 12 12 10
Interest 13 17 16 16 20 23 22 19 20 18 16 13 17
Depreciation 4 5 6 5 5 5 6 7 7 7 7 7 8
Profit before tax 13 9 -19 6 57 48 70 84 95 100 108 90 111
Tax % 57% 83% 33% 101% 21% 32% 31% 27% 25% 25% 27% 26% 27%
6 1 -25 -0 45 33 48 62 71 75 79 67 81
EPS in Rs 0.48 0.12 -2.09 0.10 4.03 2.72 4.03 5.17 5.55 5.56 5.86 4.98 5.99
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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 TTM
782 624 761 959 1,714 1,268 1,559 1,766 1,521 1,468 2,780 3,853 3,967
736 619 721 929 1,605 1,365 1,550 1,740 1,440 1,303 2,529 3,404 3,516
Operating Profit 46 5 40 30 108 -97 9 27 81 165 251 449 451
OPM % 6% 1% 5% 3% 6% -8% 1% 2% 5% 11% 9% 12% 11%
27 20 -0 20 24 25 25 34 25 -61 34 38 50
Interest 22 14 18 17 31 44 65 88 81 57 81 73 64
Depreciation 15 18 26 46 52 51 24 29 30 18 22 27 29
Profit before tax 36 -7 -4 -13 50 -167 -56 -57 -6 29 181 386 408
Tax % 38% 58% 177% 52% 45% -12% -59% -36% 237% 102% 31% 26%
22 -10 -10 -20 27 -147 -23 -36 -19 -1 126 286 301
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 22.39
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: 11%
Compounded Profit Growth
10 Years: 51%
5 Years: 84%
3 Years: 181%
TTM: 43%
Stock Price CAGR
10 Years: 37%
5 Years: 95%
3 Years: 145%
1 Year: 23%
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 Sep 2024
Equity Capital 20 20 20 23 23 23 23 23 24 24 24 27 27
Reserves 656 642 669 930 944 832 793 743 817 818 940 2,191 2,327
128 128 125 233 372 624 896 730 847 920 353 166 498
278 289 246 1,493 1,356 1,210 975 775 775 903 710 832 709
Total Liabilities 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,027 3,216 3,561
272 323 416 977 933 958 935 872 871 966 732 748 975
CWIP 26 11 27 13 15 27 36 0 41 61 12 174 8
Investments 33 33 1 21 82 83 87 29 31 30 32 198 241
751 712 616 1,666 1,665 1,621 1,630 1,371 1,518 1,607 1,251 2,097 2,338
Total Assets 1,082 1,080 1,060 2,678 2,695 2,689 2,687 2,272 2,462 2,664 2,027 3,216 3,561

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 46 274

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% 25%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.00% 47.05% 47.26% 47.26% 47.82% 47.82% 47.82% 44.97% 42.47% 42.46% 40.46% 40.46%
4.94% 4.85% 4.63% 4.82% 5.27% 6.07% 7.05% 16.85% 20.04% 17.27% 19.56% 16.32%
8.53% 7.73% 7.37% 7.00% 6.78% 6.61% 9.68% 10.45% 12.27% 13.72% 14.13% 13.94%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
39.51% 40.36% 40.73% 40.91% 40.10% 39.48% 35.43% 27.73% 25.22% 26.53% 25.83% 29.25%
No. of Shareholders 1,11,7391,09,7731,08,8391,04,8311,04,9001,07,8451,41,5611,91,9102,24,2052,92,3953,62,2034,61,442

* 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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