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    Producer manufacturing

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Titagarh Rail Systems Ltd

Titagarh Rail Systems Ltd

662.85
INR
-32.00
(-4.61%)
13.98EPS
62.07P/E
118.63BMarket Cap
Nov 18Next Earn
Titagarh Rail Systems Ltd
BSE:TITAGARH
(Bombay Stock Exchange)

Recent

price

662.85

P/E

ratio

62.07

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
77.03
82.17
72.45
54.59
14.75
85.7
146.89
108.02
132.69
152.16
128.01
120.68
230.43
298.66
282.54
234.7
242.46
Revenue per Share
7.71
8.84
2.35
-0.89
-0.07
-1.48
2.33
-12.44
-2.47
-2.96
-1.28
-0.03
10.89
22.46
6.54
9.13
14.19
Basic EPS, GAAP
0.48
8.56
-7.85
2.07
1.21
-15.84
-17.24
-13.72
-16.25
10.23
0.66
-3.98
0.35
-6.1
-24.76
-3.45
- -
Free Cash Flow per Basic Share
1.17
1.86
1.86
0.93
0.19
1.99
- -
0.96
0.36
0.36
- -
- -
- -
0.5
0.8
1
- -
Dividend per Share
61.29
70.62
67.43
66.06
68.69
82.56
83.84
74
70.65
66.31
70.41
70.43
80.58
164.72
170.39
182.35
- -
Book Value per Share
58.41
67.43
64.27
61.48
60.84
79.47
79.76
70.63
66.8
63.02
65.92
65.02
80.45
159.71
159.11
167.42
- -
Tangible Book Value per Share
94
94
100
100
501
111
115
115
116
116
117
119
120
127
135
135
135
Basic Weighted Avg Shares
7,244
7,732
7,267
5,475
7,398
9,518
16,952
12,470
15,328
17,589
14,977
14,421
27,553
38,053
38,051
31,609
32,716
Sales/Revenue/Turnover
17.34
6.59
0.73
-9.77
4.32
-0.26
4
-10.97
4.03
5.64
3.9
12.54
9.79
11.21
10.61
9.57
9.59
Operating Margin (%)
83
108
146
183
257
459
515
508
361
291
299
333
225
271
296
511
- -
Depreciation Expense
725
832
236
-89
-33
-165
269
-1,436
-285
-342
-150
-3
1,302
2,861
881
1,230
1,915
Net Income, GAAP
34.49
32.28
38.11
- -
- -
- -
44.8
- -
- -
- -
- -
27.29
29.18
25.77
42.03
36.91
28.8
Effective Tax Rate (%)
10.01
10.76
3.25
-1.63
-0.45
-1.73
1.59
-11.52
-1.86
-1.94
-1
-0.02
4.73
7.52
2.31
3.89
5.85
Profit Margin (%)
3,579
4,323
3,743
3,157
2,616
3,544
2,259
832
3,829
5,193
5,003
2,352
2,519
12,568
9,206
9,751
- -
Working Capital
526
461
361
232
427
1,641
1,598
1,873
5,756
5,535
5,386
5,522
1,491
1,311
1,144
2,603
- -
LT Debt
5,958
6,930
7,018
6,840
7,253
10,315
10,464
9,182
8,888
8,455
8,406
8,423
9,636
22,183
22,958
24,568
- -
Total Equity
12.28
13.84
2.49
- -
- -
- -
1.97
- -
- -
- -
- -
6.71
11.17
17.13
5.4
4.9
- -
Return on Invested Capital (%)
11.91
11.04
4.05
- -
- -
- -
2.77
- -
- -
- -
- -
1.98
11.73
17.69
4.51
5.17
- -
Return on Capital (%)
14.08
13.41
3.52
-1.33
-0.49
-2.01
2.8
-15.76
-3.41
-4.32
-1.87
-0.04
14.42
17.99
3.9
5.18
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,629
- -
LT Borrowings
- -
1,700
- -
LT Finance Leases
- -
903
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
135
135
Market Capitalization
120,089
77,309
118,627

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
21,839
- -
Cash, Cash Equivalents & STI
- -
2,169
- -
Accounts Receivable, Net
- -
6,298
- -
Inventories
- -
5,882
- -
Total Current Liabilities
- -
12,088
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,629
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.58%
31.06%
7.01%
Free Cash Flow
-279.09%
-509.11%
-86.07%
Net Income, GAAP
-4,076.93%
-7,951.11%
39.62%
Sales/Revenue/Turnover
18.3%
21.71%
-16.93%
Total Cash Common Dividend
- -
5,598.18%
24.88%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
9,031
10,570
9,022
10,056
38,051
2026
6,793
7,990
8,321
8,754
31,609
2027
7,651
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.98
5.99
4.66
-9.2
6.54
2026
-1.71
2.73
3.58
3.97
9.13
2027
3.91
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -
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Business
Titagarh Rail Systems Limited manufactures rolling stock for freight and passenger rail systems, propulsion equipment, and related components primarily for Indian Railways and international markets. Headquartered in Kolkata, West Bengal, India, and founded in 1997, the company operates manufacturing facilities in India and Italy through its associate Titagarh Firema SpA; its product portfolio encompasses freight wagons including container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons; passenger systems such as semi high-speed trains including Vande Bharat trainsets, urban metros, EMU/MEMU coaches, light rail transports, and body shells; components like bogies, couplers, locomotive shells, gears, traction motors, and vehicle control systems; shipbuilding for naval vessels, tugs, coastal research vessels, and inland vessels; defence equipment including Bailey bridges and missile launchers; and safety & signaling solutions for train control and condition monitoring. Titagarh serves domestic customers through major contracts with Indian Railways, metro corporations such as BMRCL, GMRC, and MahaMetro, and defence entities, alongside exports via its Italian operations. In recent developments, Titagarh formed a consortium with BHEL to secure a Rs 24,000 crore contract for manufacturing and 35-year maintenance of 80 Vande Bharat trainsets and related upgrades; partnered with Ramkrishna Forgings Limited via a joint venture for supplying 1.54 million forged wheels over 20 years; won orders for metro coaches including 72 cars for Surat Metro, 30 for Ahmedabad Metro Phase-II, and driverless trainsets for Bengaluru Metro's Yellow Line; expanded production capacity with a 40-acre facility acquisition in West Bengal for Rs 126 crore featuring a 1.6 km test track to scale to 850 coaches annually by FY28; raised Rs 200 crore via preferential warrants to promoters and completed prior fundraises including a Rs 700 crore QIP in 2023; ramped up traction motor output to 50 units monthly; launched five 25T Bollard Pull Tugs for the Indian Navy; and initiated dedicated lines for Vande Bharat sleeper trains and Ahmedabad Metro Phase-II while pursuing a JV for its defence and bridge segments. As of mid-2025, Titagarh's consolidated order book stands at Rs 11,200 crore, with 62% from passenger rolling stock.