Titagarh Rail Systems Ltd
TITAGARHTitagarh Rail Systems Ltd
TITAGARH


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Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
39.56 | 5.16 | 0.09% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
40.87 | 5.89 | 0.66% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Titagarh Rail Systems, formerly Titagarh Wagons, is a supplier of passenger rolling stock including metro coaches.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,000.03 | 1,742.62 | 1,298.07 | 1,591.92 | 1,800.34 | 1,545.50 | 1,485.23 | 2,822.17 | 3,893.11 | 3,975.21 | ||||||||||
Raw Materials | 558.68 | 915.20 | 692.40 | 999.77 | 1,192.30 | 1,045.66 | 1,037.26 | 2,165.30 | 2,951.70 | 3,482.95 | ||||||||||
Power & Fuel Cost | 27.58 | 28.59 | 27.68 | 35.04 | 45.58 | 34.22 | 33.26 | 43.70 | 50.46 | |||||||||||
Employee Cost | 168.16 | 212.13 | 239.32 | 176.13 | 151.77 | 210.57 | 45.42 | 56.53 | 66.29 | |||||||||||
Selling & Administrative Expenses | 58.11 | 71.87 | 89.12 | 108.04 | 56.44 | 55.52 | 24.46 | 30.59 | 44.64 | |||||||||||
Operating & Other expenses | 137.10 | 382.30 | 321.83 | 239.30 | 293.50 | 94.04 | 240.67 | 241.61 | 293.18 | |||||||||||
EBITDA | 50.40 | 132.53 | -72.28 | 33.64 | 60.75 | 105.49 | 104.16 | 284.44 | 486.84 | 492.26 | ||||||||||
Depreciation/Amortization | 45.92 | 51.52 | 50.84 | 23.99 | 29.13 | 29.87 | 18.38 | 22.50 | 27.10 | 28.14 | ||||||||||
PBIT | 4.48 | 81.01 | -123.12 | 9.65 | 31.62 | 75.62 | 85.78 | 261.94 | 459.74 | 464.12 | ||||||||||
Interest & Other Items | 17.29 | 31.31 | 44.06 | 65.18 | 88.27 | 81.20 | 57.27 | 80.75 | 73.45 | 66.92 | ||||||||||
PBT | -12.81 | 49.70 | -167.18 | -55.53 | -56.65 | -5.58 | 28.51 | 181.19 | 386.29 | 397.20 | ||||||||||
Taxes & Other Items | 6.71 | 22.79 | -23.56 | -27.00 | -22.46 | 9.42 | 28.83 | 50.98 | 100.14 | 107.78 | ||||||||||
Net Income | -19.52 | 26.91 | -143.62 | -28.53 | -34.19 | -15.00 | -0.32 | 130.21 | 286.15 | 289.42 | ||||||||||
EPS | -1.81 | 2.33 | -12.44 | -2.47 | -2.96 | -1.28 | -0.03 | 10.89 | 22.51 | 21.49 | ||||||||||
DPS | 0.80 | 0.80 | 0.30 | 0.30 | 0.00 | 0.00 | 0.00 | 0.50 | 0.80 | 0.80 | ||||||||||
Payout ratio | — | 0.34 | — | — | 0.00 | 0.00 | 0.00 | 0.05 | 0.04 | 0.04 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
IndustrialsRail
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Titagarh Rail Systems Ltd | 40.01 | 5.16 | 0.09% |
Jupiter Wagons Ltd | 41.73 | 8.48 | 0.18% |
BEML Ltd | 43.43 | 4.59 | 0.70% |
Ramkrishna Forgings Ltd | 35.16 | 4.47 | 0.30% |
Price Comparison
Compare TITAGARH with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.82%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 2.66%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Titagarh Rail Systems Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 3.7379% | Percentage of the fund’s portfolio invested in the stock 0.45% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 29/306 (-4) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.1719% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/93 (-2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.1329% | Percentage of the fund’s portfolio invested in the stock 0.92% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 42/100 (+20) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 20, 2024
Dividend/Share
₹0.80
Ex DateEx Date
Aug 20, 2024
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateSep 11, 2019
Dividend/Share
₹0.30
Ex DateEx Date
Sep 11, 2019
Cash Dividend
Ex DateEx DateJul 20, 2017
Dividend/Share
₹0.80
Ex DateEx Date
Jul 20, 2017
Cash Dividend
Ex DateEx DateMar 28, 2016
Dividend/Share
₹0.80
Ex DateEx Date
Mar 28, 2016
Net profit of Titagarh Rail Systems declined 16.11% to Rs 62.77 crore in the quarter ended December 2024 as against Rs 74.82 crore during the previous quarter ended December 2023. Sales declined 5.50% to Rs 902.18 crore in the quarter ended December 2024 as against Rs 954.68 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales902.18954.68 -5 OPM %10.3611.59 - PBDT94.88107.00 -11 PBT88.52100.21 -12 NP62.7774.82 -16 Powered by Capital Market - Live
Profit before tax for the quarter stood at Rs 95.10 crore, down by 5% from Rs 95.10 crore in the same quarter last year. Total expense declined 5% year on year to Rs 95.10 crore during the quarter. The cost of materials consumed was at Rs 697.99 crore (down 5.51% YoY), while employee benefits expenses stood at Rs 21.80 crore (up 44.66% YoY) during the period under review. On the segmental front, revenue from the passenger rail system was at Rs 49.39 crore (down 51.06% YoY), while the freight rail system stood at Rs 852.79 crore (down 0.11% YoY) during the period under review. On a 9-month basis, the company's net profit increased 5.56% to Rs 225.37 crore on 2.19% rises in revenue from operations to Rs 2,862.18 crore in 9M FY24 over 9M FY23. Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches.Powered by Capital Market - Live
Titagarh Rail Systems announced that the Company has received Letter of Acceptance (LOA) from Ambuja Cements and ACC, which are group companies of Adani Cement, for 'Manufacture and Supply of 16 nos. of BCFCM Rakes Wagon with BVCM Wagon'. The order value is about Rs 537.11 crore.Powered by Capital Market - Live
Titagarh Rail Systems will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live
The Board of Titagarh Rail Systems at its meeting held on 03 February 2025 has approved the addition of following new business verticals namely: a. 'Shipbuilding and Maritime Systems' wherein the Company will undertake marine business including shipbuilding, ship repair and other maritime business activities. b. 'Signalling and Safety Systems' wherein the Company will subject to compliances, if any applicable undertake activities relating to railway signalling and safety including but not limited to train control & condition monitoring, vehicular & train mounted solutions etc. This segment focuses on railway operations, particularly in ensuring safety and efficiency and will involve development and installation of products that enables smooth and secure train operations.Powered by Capital Market - Live
The Board of Titagarh Rail Systems at its meeting held on 03 February 2025 has approved the following: The designation of Anil Kumar Agarwal, Deputy Managing Director and CEO of Freight Rail Systems vertical of the Company, has been changed to Deputy Managing Director (DMD) of the Company w.e.f. 3 February, 2025. In this expanded role, Agarwal will now oversee the performance of both the Freight Rail Systems (FRS) and Passenger Rail Systems (PRS) verticals, under the overall supervision and guidance of the Vice Chairman and Managing Director, as well as the Board of Directors. This strategic enhancement of Agarwal's responsibilities will further strengthen the Company's operations and drive continued success in both the verticals. The common corporate functions of the Company will be jointly looked after by Anil Kumar Agarwal and Prithish Chowdhary, two Deputy Managing Directors of the Company. Saket Kandoi, Director (Freight Rolling Stock) of the Company, has been given the responsibility of the Maritime business of the Company, designated as Director & CEO (Maritime) w.e.f. 3 February 2025 and additionally he will also be acting as ad interim CEO of FRS vertical.Powered by Capital Market - Live
Titagarh will deliver two more trainsets to the Yellow Line by April this year. The company will then ramp up production, delivering two trains a month by September 2025, it added. The company built the trainset in its metro manufacturing facility in Uttarpara in West Bengal. The automated train with a stainless steel body, designed for state-of-the-art performance, will operate on the 18-km stretch linking electronics city to the rest of the city. Manohar Lal, Honourable Minister, Housing and Urban Affairs, said, 'As we inaugurate Bengaluru Metro's new trainset and surpass 1,000 kilometers of operational metro rail, we celebrate a significant milestone in India's urban mobility journey. Bengaluru, a global hub of IT and innovation, continues to address urban challenges with enhanced metro connectivity, benefiting millions. Guided by PM Shri Narendra Modi's vision of a 'Viksit Bharat' by 2047, metro projects are transforming our cities, boosting economic growth, and creating jobs. With India now ranking third globally in metro rail, we aim to surpass the United States within five years. I commend Titagarh Rail Systems Ltd. for their exceptional 'local for global' manufacturing, delivering world-class trainsets, and contributing to Atmanirbhar Bharat.' Umesh Chowdhary, vice chairman & MD, Titagarh Rail Systems, said, 'Today marks a significant milestone in our journey at Titagarh as we proudly deliver the trainset for Bengaluru Metro's Yellow Line. This achievement is a testament to our commitment to excellence and innovation and speaks of the ability, expertise, and engineering we have built up locally. We are honoured to support Bangalore's vision of becoming a global city with world-class urban mobility solutions. Our team is dedicated to delivering advanced, sustainable, and efficient rolling stock that will redefine the commuting experience for millions of passengers in Karnataka. Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches. The company's standalone net profit jumped 20.07% to Rs 85.12 crore in Q2 FY25 as opposed to Rs 70.89 crore posted in Q2 FY24. Revenue from operations increased by 12.98% to Rs 1,056.95 crore in the second quarter of FY25, compared to Rs 935.45 crore recorded in the corresponding quarter of the previous year.Powered by Capital Market - Live
Titagarh Rail Systems today officially handed over its first driverless Made in India trainset to the Bengaluru Metro Rail Corporation's (BMRCL) Yellow Line. The stainless steel, automated trainset is the first Made-in-India passenger rolling stock set to run on the key 18-km stretch, linking the Electronics City technology and business hub to the rest of the city. The official handover reinforces Titagarh's stature as a leading manufacturer of cutting-edge, worldclass trains while spotlighting India's ascent as a global hub for railway manufacturing. It celebrated the rollout of the Bengaluru Metro Yellow Line and also again demonstrated the capability of Titagarh's Metro Manufacturing Facility in Uttarpara, West Bengal. These milestones underscore the Company's unwavering commitment to advancing urban mobility in India and showcase its growing manufacturing capabilities and innovative approach within the railway sector.Powered by Capital Market - Live
Revenue from operations increased by 12.98% to Rs 1,056.95 crore in the second quarter of FY25, compared to Rs 935.45 crore recorded in the corresponding quarter of the previous year. profit before tax for the quarter stood at Rs 115.01 crore, up by 21.21% from Rs 94.88 crore in same quarter last year. During the quarter, EBITDA was at Rs 129.41 crore, up 12.45% YoY. EBITDA margin came in at 12.45% in Q2 FY25 as against 12.30% posted in Q2 FY24. On segmental front, revenue from freight rail system was at 1,000.03 crore (up 24.86% YoY) while passenger rail system stood at Rs 56.92 crore (down 57.70% YoY) during the period under review. On half year basis the company's standalone net profit increased to Rs 156.43 crore in H1 FY25 as against Rs 138.46 crore posted in H1 FY24. The company's revenue from operation jumped 6.16% YoY to Rs 1,960 crore in H1 FY25. Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches. Powered by Capital Market - Live
Net profit of Titagarh Rail Systems rose 14.31% to Rs 80.69 crore in the quarter ended September 2024 as against Rs 70.59 crore during the previous quarter ended September 2023. Sales rose 12.99% to Rs 1056.95 crore in the quarter ended September 2024 as against Rs 935.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1056.95935.45 13 OPM %11.8512.25 - PBDT118.51101.08 17 PBT110.8694.40 17 NP80.6970.59 14 Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.58%, vs industry avg of 12.21%
Increasing Market Share
Over the last 5 years, market share increased from 17.08% to 19.7%