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Titagarh Rail Systems Limited TITAGARH NIFTY_SMALLNSEINFRA

Industrials · Railroads · India
https://www.titagarh.in

Titagarh Rail Systems Limited engages in the manufacture and sale of freight and passenger rail systems in India and internationally. The company offers forged wheel set, loco shells, couplers, draft gears, cast bogies, and cast manganese steel crossing products; automobile-carrying, flat, hopper, tank, box, covered, and special purpose wagons; and brake vans. It also provides passenger rolling stock products, including high speed electric loco, electric multiple unit train sets, metros, semi high-speed trains, light rail transport, diesel electric multiple units, body shells, and bogies; and propulsion and electrical equipment, such as traction converters and power electronics, propulsion systems, auxiliary power supply products, electronic equipment, traction motors, train control and monitoring systems, and hardware and software products. In addition, the company offers maintenance, assistance and global, repair, inspection and refurbishing, systems and electrical equipment upgrade, exteriors and interiors face-lift, and power upgrading services. Further, it engages in the shipbuilding business comprising coastal research vessels, naval vessels, passenger ships, tugs, and inland water transport vessels. Additionally, the company manufactures modular panel bridges, bailey bridges, unibridges, and matière X bridges; and defense products, such as shelters, specialized wagons, EMI/EMS containers, CBRNe equipment, mine ploughs, pressure vessels, and specialized canopies. The company was formerly known as Titagarh Wagons Limited and changed its name to Titagarh Rail Systems Limited in May 2023. Titagarh Rail Systems Limited was incorporated in 1997 and is based in Kolkata, India.

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₹826.15
-9.23% 1Y

Market & Price

Market Cap
₹11,126.07 Cr
Current Price
₹826.15
High / Low (52W)
₹962.60 / ₹574.85
Beta
0.78

Valuation

Stock P/E
61.33
Industry PE
27.78
Forward P/E
28.85
PEG Ratio
-
Book Value
₹187.79
Price to Book
4.40
P/S
3.36
EV/EBITDA
35.05
Dividend Yield
0.12%

Profitability & Returns

ROCE
16.29%
ROE
-
ROA
-
Profit Margin
5.48%
Op Margin
9.56%
EPS (Latest Qtr)
₹3.58
EPS (TTM)
₹13.47

Balance Sheet & Liquidity

Debt/Equity
0.25
Quick Ratio
-
Current Ratio
-
Debt
₹637.22 Cr
Total Assets
₹3,762.29 Cr
Current Assets
₹2,179.18 Cr
Working Capital
₹1,078.15 Cr

Ownership

Promoter Holding
40.59%
Chg in Prom Hold
-
FII / Inst Holding
16.74%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹11,462.23 Cr
Total Revenue (TTM)
₹3,315.96 Cr
EBITDA
₹326.99 Cr
Free Cash Flow
-
Operating Cash Flow
-
Shares Outstanding
₹13.47 Cr
Gross Margin
26.60%
Payout Ratio
7.43%

Growth (CAGR)

Revenue 5Y
38.18%
Profit 5Y
28,087.54%
Revenue (YoY)
-7.80%
Earnings (YoY)
-23.20%

PROS

  • Compounding revenue at 38.2% over 5 years.
  • Profit CAGR of 28087.5% over 5 years.

CONS

  • Trading at a high P/E of 61.3.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TITAGARH Titagarh Rail Systems Limited NIFTY_SMALLNSEINFRA 826.15 61.33 ₹11,126.07 Cr 0.12% 16.29% - 38.18% 28,087.54%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue -902.18 Cr942.90 Cr679.30 Cr799.03 Cr832.06 Cr
Cost of Revenue -715.54 Cr1,068.41 Cr520.21 Cr627.94 Cr650.85 Cr
Gross Profit -186.64 Cr-125.51 Cr159.09 Cr171.09 Cr181.21 Cr
Operating Expenses -92.92 Cr-219.00 Cr95.91 Cr99.88 Cr101.70 Cr
Operating Income -93.72 Cr93.49 Cr63.18 Cr71.21 Cr79.51 Cr
EBITDA -109.62 Cr92.95 Cr63.80 Cr75.55 Cr82.94 Cr
Interest Expense -21.10 Cr70.00 L17.84 Cr18.25 Cr17.79 Cr
Pretax Income -88.52 Cr92.25 Cr45.96 Cr57.30 Cr65.15 Cr
Tax Provision -26.16 Cr27.48 Cr14.47 Cr20.27 Cr16.91 Cr
Net Income -62.77 Cr65.92 Cr30.86 Cr36.90 Cr48.03 Cr
Diluted EPS 5.994.66-2.302.733.58

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Revenue 1,442.07 Cr2,755.31 Cr3,805.31 Cr3,805.08 Cr
Cost of Revenue 1,239.75 Cr2,458.69 Cr3,317.63 Cr3,331.45 Cr
Gross Profit 202.31 Cr296.62 Cr487.68 Cr473.63 Cr
Operating Expenses 21.48 Cr27.00 Cr60.98 Cr69.97 Cr
Operating Income 180.83 Cr269.62 Cr426.70 Cr403.66 Cr
EBITDA 187.21 Cr277.29 Cr471.14 Cr463.11 Cr
Interest Expense 46.94 Cr64.68 Cr55.47 Cr51.79 Cr
Pretax Income 106.99 Cr190.10 Cr388.57 Cr381.74 Cr
Tax Provision 29.19 Cr55.46 Cr100.14 Cr106.68 Cr
Net Income -32.84 L130.20 Cr286.14 Cr276.39 Cr
Diluted EPS -0.0310.8922.4620.39

Compounded Sales Growth

5 Years:38.18%
1 Year:-7.80%

Compounded Profit Growth

5 Years:28,087.54%
1 Year:-23.20%

Stock Price Performance

1 Year:-9.23%
6 Months:-1.31%
3 Months:+12.57%
1 Month:+7.52%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets 2,678.91 Cr2,027.14 Cr3,216.41 Cr3,762.29 Cr
Current Assets 1,501.67 Cr1,121.23 Cr1,986.81 Cr2,179.18 Cr
Cash & Equivalents 8.96 Cr55.41 Cr328.98 Cr25.27 Cr
Inventory 503.86 Cr461.37 Cr523.72 Cr523.33 Cr
Receivables 232.57 Cr279.14 Cr532.52 Cr670.85 Cr
Total Liabilities 1,836.64 Cr1,063.58 Cr998.08 Cr1,278.13 Cr
Current Liabilities 1,266.51 Cr869.33 Cr730.05 Cr1,101.03 Cr
Long Term Debt 495.58 Cr49.62 Cr37.36 Cr24.93 Cr
Total Debt 919.79 Cr353.26 Cr165.72 Cr627.01 Cr
Total Equity 842.13 Cr963.55 Cr2,218.33 Cr2,482.98 Cr
Shares Outstanding 11.96 Cr11.96 Cr13.47 Cr13.47 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow 54.59 Cr40.92 Cr85.78 Cr-97.41 Cr
Investing Cash Flow -69.48 Cr-61.35 Cr-536.86 Cr-578.80 Cr
Financing Cash Flow -52.71 Cr66.53 Cr724.38 Cr372.35 Cr
Capital Expenditure -102.18 Cr-36.74 Cr-163.52 Cr-236.02 Cr
Free Cash Flow -47.59 Cr4.18 Cr-77.74 Cr-333.43 Cr
Net Change in Cash -67.60 Cr46.09 Cr273.30 Cr-303.86 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025
Gross Margin % 14.0%10.8%12.8%12.4%
Operating Margin % 12.5%9.8%11.2%10.6%
Net Margin % -0.0%4.7%7.5%7.3%
ROE % -0.0%13.5%12.9%11.1%
ROCE % 12.8%23.3%17.2%15.2%

Shareholding Pattern

Insiders
40.59%
Institutions
16.74%
Public Float
28.18%

Analyst View

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