1. India Stocks

  2. •

    Industrials

  3. •

    Railroads
Jupiter Wagons Limited

Jupiter Wagons Limited

JWL.BO
Jupiter Wagons LimitedIN flagBombay Stock Exchange
247.70
INR
-6.50
- -
106.43BMarket Cap
Jupiter Wagons Limited
JWL.BO
(Bombay Stock Exchange)

Recent

price

247.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
39.45
83.95
90.32
23.74
20.05
19.69
18.92
17.45
34.61
13.81
27.65
30.08
52.93
87.89
94.14
68.51
66.57
Revenue per Share
1.04
7.43
3.37
-12.82
-18.66
-19.07
-6.48
-6.72
14.42
-0.02
1.49
1.28
3.12
8.04
9.08
4.02
3.91
Basic EPS, GAAP
-11.76
-18.32
-2.56
3.06
-0.11
0.75
0.98
-0.18
1.3
-3.01
1.05
0.59
0.13
-3.49
-9.6
-12.34
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.78
1.31
1
- -
Dividend per Share
10
23.58
26.48
14.13
-2.9
-23.61
-30.55
-37.26
-13.26
-9.16
17.2
17.16
20.28
26.94
10.08
10.04
9.76
Book Value per Share
39.53
46.97
49.84
37.49
20.48
0.95
-5.52
-12.23
15.55
10.6
16.78
16.81
19.96
35.23
60.77
65.48
63.62
Tangible Book Value per Share
55
55
55
55
55
55
55
55
61
89
358
387
387
412
421
426
438
Basic Weighted Avg Shares
2,167
4,612
4,962
1,304
1,102
1,082
1,039
959
2,127
1,236
9,890
11,653
20,507
36,238
39,633
29,157
29,157
Sales/Revenue/Turnover
3.35
14.06
9.93
-39.22
-36.08
-24.9
-8.41
-9.98
1.13
-2.78
8.7
7.93
11.08
12.72
13.22
10.14
10.14
Operating Margin (%)
39
64
167
301
203
145
104
104
104
83
212
234
250
282
536
671
- -
Depreciation Expense
57
408
185
-704
-1,025
-1,048
-356
-369
887
-1
534
497
1,208
3,316
3,823
1,711
1,711
Net Income, GAAP
19.21
28.14
44.76
- -
- -
- -
- -
- -
- -
- -
18.84
34.36
39.81
25.09
23.32
32.26
32.26
Effective Tax Rate (%)
2.63
8.85
3.73
-54.01
-93.09
-96.86
-34.26
-38.5
41.68
-0.11
5.4
4.26
5.89
9.15
9.65
5.87
5.87
Profit Margin (%)
949
465
168
-265
-563
-830
-1,286
-1,919
171
46
1,644
2,100
3,069
7,085
13,972
13,544
13,544
Working Capital
3
297
560
550
689
639
433
57
340
273
331
279
192
185
424
3,087
3,087
LT Debt
2,173
2,581
2,740
2,062
1,126
53
-303
-672
959
954
6,332
6,829
8,034
16,316
27,676
29,866
29,866
Total Equity
3.42
15.77
6.68
- -
- -
- -
- -
- -
2.21
- -
15.43
7.56
13.98
22.03
15.14
5.5
5.52
Return on Invested Capital (%)
17.25
31.47
9.71
- -
- -
- -
- -
- -
-305.39
- -
18.92
7.47
14.34
28.47
35.66
18.83
18.83
Return on Capital (%)
11.65
44.24
13.46
-63.14
- -
- -
- -
- -
- -
- -
- -
7.76
16.65
34.96
49.79
40.17
40.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7,015
- -
6,878
LT Borrowings
238
- -
2,553
LT Finance Leases
232
- -
534
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
424
- -
427
Market Capitalization
142,251
148,026
104,258

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
26,103
- -
27,090
Cash, Cash Equivalents & STI
7,216
- -
6,733
Accounts Receivable, Net
5,613
- -
7,567
Inventories
11,189
- -
10,786
Total Current Liabilities
12,456
- -
13,546
Payables & Accruals
- -
- -
- -
ST Debt
7,015
- -
6,878
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.54%
41.22%
7.91%
Free Cash Flow
-456.93%
-581.32%
30%
Net Income, GAAP
-3,855.41%
54.15%
-55.24%
Sales/Revenue/Turnover
92.22%
30.69%
-26.43%
Total Cash Common Dividend
- -
- -
-23.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,532
8,793
8,958
10,955
36,238
2025
8,799
10,090
10,298
10,445
39,633
2026
4,593
7,858
8,904
7,802
29,157

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.6
2.05
2.03
- -
8.04
2025
2.23
2.12
2.29
2.44
9.08
2026
0.77
1.1
1.33
0.67
4.02

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.78
2025
- -
- -
- -
- -
1.31
2026
- -
- -
- -
- -
1
Similar Companies
CRCC High-Tech Equipment Corporation Limited (1786.HK)
Jiangxi Changyun Co., Ltd. (600561.SS)
Globaltrans Investment Plc (GLTR.IL)
Jiangsu Bide Science and Technology Co., Ltd. (605298.SS)
Chunil Express Co., Ltd. (000650.KS)
Stagecoach Group plc (SGC.L)
Business
Jupiter Wagons Limited manufactures railway wagons, components and castings for Indian Railways and private freight operators; produces load bodies for commercial vehicles, ISO marine and refrigerated containers; offers railway engineering products including high-speed bogies, couplers, draft gears and turnouts; and develops electric light commercial vehicles through subsidiary Jupiter Electric Mobility Pvt. Ltd. The Kolkata-headquartered company, founded in 1979, operates integrated production facilities across India and exports to North American and European markets, serving railway engineering firms, commercial vehicle OEMs, defence and logistics sectors. In recent developments, it completed a reverse merger with Commercial Engineers & Body Builders Co in 2022 and renamed to Jupiter Wagons Limited; acquired Stone India for pantograph manufacturing and 94.25% of Bonatrans India (now Jupiter Tatravagonka Railwheel Factory) for INR 2.7 billion in 2024 to produce forged wheelsets; announced a Rs 2,500 crore expansion in Odisha to scale wheelset capacity from 20,000 to 100,000 units annually by 2027 with 50% for exports; increased stake in Jupiter Electric Mobility to 75% in late 2024; acquired Log9 Materials' railway and electric truck battery technology and Bangalore facility in October 2024 for e-LCV backward integration; launched Tez electric LCV in March 2025 with plans for additional 1-tonne and 2-tonne models; and partnered with Pickkup in May 2025 to deploy 300 Tez vehicles for last-mile deliveries.