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Titagarh Rail Systems Limited

Titagarh Rail Systems Limited

TITAGARH.BO
Titagarh Rail Systems LimitedIN flagBombay Stock Exchange
817.05
INR
-34.25
- -
110.04BMarket Cap
Titagarh Rail Systems Limited
TITAGARH.BO
(Bombay Stock Exchange)

Recent

price

817.05

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
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
298.69
282.35
236.26
236.24
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
6.43
9.12
12.59
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
-24.34
-3.44
- -
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
0.79
1
- -
Dividend per Share
60
30.81
30.09
28.21
5.35
48.95
44.61
31.5
28.67
25.01
23.57
23.12
34.77
54.82
1.97
2
2
Book Value per Share
60.47
70.48
66.81
63.62
12.89
89.67
86.6
76.17
73.1
69.85
67.26
65.08
80.45
168.83
170.27
167.29
167.28
Tangible Book Value per Share
94
94
100
100
501
111
115
115
116
116
117
119
120
127
137
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
38,678
31,858
31,858
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
10.43
9.32
9.32
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
1,698
Net Income, GAAP
34.49
32.28
38.11
- -
- -
- -
44.8
- -
- -
- -
- -
27.29
29.18
25.77
42.03
36.91
30.2
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
2.28
3.86
5.33
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
10,816
9,793
9,793
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
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
24,842
24,568
24,568
Total Equity
12.28
4.4
0.39
- -
- -
- -
2.76
- -
- -
- -
- -
7.59
12.27
17.05
8.48
6.02
6.66
Return on Invested Capital (%)
12.02
14.64
7.35
- -
- -
- -
4.1
- -
- -
- -
- -
2.95
18.37
40.08
17.37
25.69
33.58
Return on Capital (%)
14.25
19.47
7.97
-3.06
-1.2
-4.06
5.08
-32.7
-8.21
-11.02
-5.31
-0.12
37.63
51.36
24.29
456.67
630.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
5,340
- -
3,628
LT Borrowings
187
- -
1,700
LT Finance Leases
846
- -
903
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
- -
135
Market Capitalization
117,155
119,607
77,414

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
20,280
- -
21,839
Cash, Cash Equivalents & STI
5,230
- -
4,813
Accounts Receivable, Net
5,166
- -
6,298
Inventories
6,487
- -
5,882
Total Current Liabilities
10,981
- -
12,045
Payables & Accruals
- -
- -
- -
ST Debt
5,340
- -
3,628
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.62%
31.14%
-1.1%
Free Cash Flow
-279.09%
-509.11%
-86.07%
Net Income, GAAP
-4,076.93%
-7,951.11%
39.62%
Sales/Revenue/Turnover
18.4%
21.9%
-17.63%
Total Cash Common Dividend
- -
5,598.18%
24.88%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,108
9,354
9,547
10,044
38,053
2025
9,030
10,570
9,022
10,056
38,678
2026
6,793
7,990
8,321
8,754
31,858

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.17
5.58
5.82
- -
22.46
2025
4.98
5.99
4.66
-9.2
6.43
2026
2.3
2.73
3.58
3.97
9.12

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.79
2026
- -
- -
- -
- -
1
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Business
Titagarh Rail Systems Limited manufactures railway rolling stock and components, with core operations spanning freight rail systems including wagons such as container flats, grain hoppers, cement wagons, clinker wagons and tank wagons; passenger rail systems encompassing electric locomotives, EMU and DEMU trainsets, metros, light rail transports, passenger coaches, semi high-speed trains and propulsion equipment like traction motors and vehicle control systems; and components such as bogies, couplers, loco shells, forged wheel sets, draft gears and cast manganese steel crossings. The company, founded in 1997 and headquartered in Kolkata, India, maintains manufacturing facilities in India and Italy through its associate Titagarh Firema SpA, serves the Indian Railways and metro projects including Bengaluru, Pune, Surat and Ahmedabad, and extends into shipbuilding for coastal research vessels, naval vessels, tugs and inland vessels as well as defence products like Bailey bridges. Recent developments include a consortium with Bharat Heavy Electricals Limited (BHEL) to manufacture and maintain 80 Vande Bharat sleeper trainsets valued near Rs 24,000 crore over 35 years; a joint venture with Ramkrishna Forgings Limited for supplying 1.54 million forged wheels to Indian Railways over 20 years; securing metro coach orders worth over Rs 2,800 crore for Mumbai, Pune, Bengaluru, Surat and Ahmedabad including the inauguration of stainless-steel trains for Bengaluru Metro in 2025 and delivery of the first driverless trainset for its Yellow Line; a Rs 71 billion order from Indian Railways for over 21,000 wagons; board approval in November 2025 for up to Rs 50 crore investment in wholly-owned subsidiary Titagarh Naval Systems Limited to support expansion; entry into wagon leasing; conversion of its design business into Titagarh Engineering & Technology Centre; and a 99-year lease for 40-acre land expansion in Uttarpara to scale coach production capacity from 300 to up to 1,200 units annually.