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Titagarh Railsystems Overview

Titagarh Wagons Ltd is an totally India-based holding organisation. The Company is engaged in the manufacturing and selling of railway wagons, metallic castings, heavy earth moving and mining device, bailey bridges, electric multiple unit (EMU) and non-ferrous metallic alloys, among others. It operates through commercial enterprise segments: Wagons & Coaches, and Others. The Company is also engaged in finance, lease purchase and leasing, and ship building, ship breaking, delivery, marine engineering, naval architecture and ocean engineering. I...Read More

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Titagarh Railsystems Key Financials

Market Cap ₹8471 Cr.

Stock P/E 31.3

P/B 3.3

Current Price ₹629

Book Value ₹ 192.6

Face Value 2

52W High ₹974.1

Dividend Yield 0.16%

52W Low ₹ 637.8

Titagarh Railsystems Share Price

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Volume
Price

Titagarh Railsystems Quarterly Price

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Titagarh Railsystems Peer Comparison

Titagarh Railsystems Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 935 955 1052 903 1057 902 1006 679 799 832
Other Income 7 14 15 12 11 22 30 12 14 11
Total Income 942 969 1067 915 1068 925 1035 691 813 843
Total Expenditure 820 844 932 801 928 802 904 604 715 740
Operating Profit 122 125 135 114 140 123 132 87 98 103
Interest 20 18 16 13 17 21 22 18 18 18
Depreciation 7 7 7 7 8 6 8 12 12 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 95 100 112 94 115 95 101 57 67 73
Provision for Tax 24 25 29 23 30 26 27 14 20 17
Profit After Tax 71 75 83 71 85 69 74 43 47 56
Adjustments -0 -0 -4 -4 -4 -6 -9 -12 -10 -8
Profit After Adjustments 71 75 79 67 81 63 64 31 37 48
Adjusted Earnings Per Share 5.6 5.6 5.9 5 6 4.7 4.8 2.3 2.7 3.6

Titagarh Railsystems Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 761 959 1714 1268 1559 1766 1521 1468 2780 3853 3868 3316
Other Income 43 43 78 45 46 54 44 26 43 43 76 67
Total Income 804 1002 1792 1313 1605 1821 1564 1493 2822 3897 3944 3382
Total Expenditure 736 931 1655 1380 1489 1666 1459 1311 2516 3405 3435 2963
Operating Profit 68 71 137 -67 116 155 105 183 306 492 508 420
Interest 18 17 31 44 65 88 81 57 81 73 73 76
Depreciation 26 46 52 51 24 29 30 18 23 27 30 45
Exceptional Income / Expenses -28 -21 -4 -5 -8 0 0 0 0 0 0 0
Profit Before Tax -4 -13 50 -167 19 37 -6 107 190 389 382 298
Provision for Tax 6 7 22 -20 -33 -21 13 29 55 100 107 78
Profit After Tax -10 -20 27 -147 52 58 -19 78 135 288 275 220
Adjustments 7 3 -1 4 -80 -92 4 -78 -4 -2 1 -39
Profit After Adjustments -3 -16 27 -144 -29 -34 -15 -0 130 286 276 180
Adjusted Earnings Per Share -0.3 -1.4 2.3 -12.4 -2.5 -3 -1.3 -0 10.9 21.3 20.5 13.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 38% 17% 18%
Operating Profit CAGR 3% 41% 27% 22%
PAT CAGR -5% 52% 37% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% 37% 65% 21%
ROE Average 12% 15% 10% 4%
ROCE Average 17% 21% 15% 8%

Titagarh Railsystems Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 689 953 968 855 816 767 841 842 964 2218 2483
Minority's Interest 36 79 79 64 73 79 0 0 0 0 1
Borrowings 43 164 160 187 576 552 537 496 50 37 25
Other Non-Current Liabilities 6 221 102 175 85 316 364 247 380 519 549
Total Current Liabilities 284 1261 1387 1625 1298 726 904 1277 917 820 1188
Total Liabilities 1058 2678 2695 2906 2848 2440 2646 2862 2311 3595 4246
Fixed Assets 416 977 925 949 927 863 863 958 724 740 984
Other Non-Current Assets 96 85 158 248 240 332 378 392 418 778 993
Total Current Assets 546 1616 1612 1708 1681 1245 1405 1512 1169 2077 2270
Total Assets 1058 2678 2695 2906 2848 2440 2646 2862 2311 3595 4246

Titagarh Railsystems Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 36 45 56 34 58 99 29 80 9 55 329
Cash Flow from Operating Activities 102 -154 -177 -121 -124 154 68 55 41 86 -97
Cash Flow from Investing Activities -31 -54 68 -26 -48 -10 -72 -69 -61 -537 -579
Cash Flow from Financing Activities -69 216 111 191 214 -227 43 -53 67 724 372
Net Cash Inflow / Outflow 2 7 3 44 41 -83 39 -68 46 273 -304
Closing Cash & Cash Equivalent 45 56 34 58 99 29 80 9 55 329 25

Titagarh Railsystems Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.33 -1.43 2.33 -12.43 -2.47 -2.96 -1.26 -0.03 10.89 21.25 20.53
CEPS(Rs) 1.58 2.29 6.84 -8.35 6.57 7.53 0.93 8.04 13.14 23.43 22.62
DPS(Rs) 0.8 0.8 0.8 0.3 0.3 0 0 0 0.5 0.8 1
Book NAV/Share(Rs) 57.84 82.51 83.73 73.76 70.33 66.1 70.27 70.43 80.58 164.75 184.39
Core EBITDA Margin(%) 3.18 2.93 3.39 -8.76 4.51 5.7 4.06 10.68 9.47 11.64 11.18
EBIT Margin(%) 1.81 0.46 4.66 -9.68 5.39 7.12 4.97 11.19 9.74 11.99 11.76
Pre Tax Margin(%) -0.45 -1.31 2.86 -13.15 1.21 2.12 -0.37 7.29 6.84 10.08 9.87
PAT Margin (%) -1.26 -2 1.58 -11.58 3.33 3.28 -1.24 5.3 4.84 7.49 7.11
Cash Profit Margin (%) 2.03 2.71 4.54 -7.58 4.87 4.93 0.73 6.55 5.65 8.19 7.88
ROA(%) -0.92 -1.05 1.02 -5.26 1.81 2.19 -0.74 2.83 5.21 9.77 7.02
ROE(%) -1.66 -2.55 2.86 -16.19 6.24 7.35 -2.34 9.26 14.91 18.13 11.7
ROCE(%) 1.96 0.47 6.42 -8.74 5.27 7.84 4.75 9.69 18.58 26.42 17.18
Receivable days 58.86 64.17 48.68 73.23 72.59 61.62 98.36 99.46 33.6 38.44 56.78
Inventory Days 124.5 176.1 131.54 140.5 112.69 92.74 91.39 110.56 63.37 46.66 49.41
Payable days 68.05 155.66 133.84 173.62 164.1 140.47 137.62 145.77 64.67 39.24 34.55
PER(x) 0 0 49.91 0 0 0 0 0 24.08 43.2 38.8
Price/Book(x) 1.99 1.15 1.39 1.49 1 0.38 0.63 1.44 3.25 5.57 4.32
Dividend Yield(%) 0.69 0.84 0.69 0.27 0.43 0 0 0 0.19 0.09 0.13
EV/Net Sales(x) 1.49 1.17 0.97 1.44 1.02 0.54 0.82 1.38 1.18 3.07 2.79
EV/Core EBITDA(x) 16.76 15.78 12.17 -27.22 13.67 6.21 11.88 11.12 10.73 24.04 21.21
Net Sales Growth(%) 21.95 26.02 78.66 -25.99 22.95 13.28 -13.91 -3.49 89.41 38.63 0.38
EBIT Growth(%) 101.8 -68.23 1707.39 -251.88 168.32 49.48 138.35 117.21 64.89 70.59 -1.55
PAT Growth(%) 6.39 -98.69 240.51 -635.62 135.27 11.62 47.87 514.11 73.06 114.23 -4.64
EPS Growth(%) 62.99 -332.86 263.38 -633.45 80.15 -19.78 57.53 97.81 0 95.15 -3.41
Debt/Equity(x) 0.22 0.24 0.38 0.73 1.1 0.96 1.01 1.02 0.26 0.03 0.21
Current Ratio(x) 1.92 1.28 1.16 1.05 1.29 1.71 1.55 1.18 1.27 2.53 1.91
Quick Ratio(x) 1.13 0.71 0.78 0.78 0.89 1.2 1.13 0.79 0.77 1.89 1.47
Interest Cover(x) 0.8 0.26 2.59 -2.79 1.29 1.42 0.93 2.87 3.35 6.29 6.22
Total Debt/Mcap(x) 0.11 0.21 0.28 0.49 1.11 2.53 1.59 0.71 0.08 0.01 0.05

Titagarh Railsystems Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 44.97 42.46 42.46 40.46 40.46 40.46 40.46 40.46 40.46 40.46
FII 16.84 20.04 17.27 19.56 16.33 13.67 11.63 9.49 9.56 10.66
DII 10.47 12.28 13.73 14.13 13.95 15.01 13.42 11.69 12.78 12.6
Public 27.72 25.21 26.54 25.84 29.26 30.87 34.5 38.36 37.19 36.28
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Titagarh Railsystems News

Titagarh Railsystems Pros & Cons

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years
  • Debtor days have improved from 39.24 to 34.55days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.46%.
  • Stock is trading at 3.3 times its book value.
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