TITAGARH - TITAGARH RAIL SYSTEMS LIMITED Share Price

Industrial Manufacturing

₹776.65-1.90(-0.24%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does TITAGARH RAIL SYSTEMS LIMITED do?

Railway Wagons•Capital Goods•Small Cap

Titagarh Rail Systems Limited engages in the manufacture and sale of freight and passenger rail systems in India and internationally. It operates in two segments, Freight Rail Systems and Passenger Rail Systems. The company offers 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, urban metro rail systems, 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 re-design, 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 matiÃƒÆ’Ã‚Â¨re 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 founded in 1983 and is based in Kolkata, India.

Industry Group:Industrial Manufacturing

Employees:870

Website:www.titagarh.in

Income Statement for TITAGARH RAIL SYSTEMS

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-14.7%	902	1,057	903	1,052	955	935
Other Income	110%	22	11	12	15	14	6.77
Total Income	-13.4%	925	1,068	915	1,067	969	942
Cost of Materials	-13.6%	698	808	690	807	739	680
Employee Expense	10.5%	22	20	17	18	15	17
Finance costs	25%	21	17	13	16	18	20
Depreciation and Amortization	-19.4%	6.36	7.65	7.14	6.99	6.79	6.69
Other expenses	-14.8%	93	109	87	107	82	82
Total Expenses	-12.9%	830	953	821	955	869	847
Profit Before exceptional items and Tax	-17.5%	95	115	94	112	100	95
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-17.5%	95	115	94	112	100	95
Current tax	-23.3%	24	31	24	26	28	26
Deferred tax	157.3%	2.41	-1.46	-1.27	2.68	-2.56	-1.97
Total tax	-13.8%	26	30	23	29	25	24
Total profit (loss) for period	-19%	69	85	71	83	75	71
Other comp. income net of taxes	124.5%	1.51	-1.08	-0.02	0.04	-0.57	-0.44
Total Comprehensive Income	-16.9%	70	84	71	83	74	70
Earnings Per Share, Basic	-22.6%	5.12	6.32	5.3	6.55	5.83	5.6
Earnings Per Share, Diluted	-22.6%	5.12	6.32	5.3	6.55	5.83	5.6

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	38.6%	3,853	2,781	1,475	-	-	-
Other Income	4.7%	46	44	23	-	-	-
Total Income	38%	3,899	2,825	1,498	-	-	-
Cost of Materials	36.4%	2,952	2,165	1,055	-	-	-
Employee Expense	16.1%	66	57	45	-	-	-
Finance costs	-10%	73	81	56	-	-	-
Depreciation and Amortization	23.8%	27	22	18	-	-	-
Other expenses	12%	347	310	206	-	-	-
Total Expenses	33.7%	3,502	2,619	1,390	-	-	-
Profit Before exceptional items and Tax	94.1%	397	205	107	-	-	-
Exceptional items before tax	97.9%	0	-46.28	0	-	-	-
Total profit before tax	150.6%	397	159	107	-	-	-
Current tax	96.2%	103	53	25	-	-	-
Deferred tax	-385.2%	-2.85	2.35	2.84	-	-	-
Total tax	83.3%	100	55	28	-	-	-
Total profit (loss) for period	190.2%	297	103	79	-	-	-
Other comp. income net of taxes	91.6%	0.06	-10.2	5.71	-	-	-
Total Comprehensive Income	221.7%	297	93	85	-	-	-
Earnings Per Share, Basic	191.9%	23.3	8.64	6.65	-	-	-
Earnings Per Share, Diluted	191.9%	23.3	8.64	6.65	-	-	-

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-14.7%	902	1,057	903	1,052	955	935
Other Income	110%	22	11	12	15	14	6.77
Total Income	-13.4%	925	1,068	915	1,067	969	942
Cost of Materials	-13.6%	698	808	690	807	739	680
Employee Expense	10.5%	22	20	17	18	15	17
Finance costs	25%	21	17	13	16	18	20
Depreciation and Amortization	-19.4%	6.36	7.65	7.14	6.99	6.79	6.69
Other expenses	-14.8%	93	109	87	107	82	82
Total Expenses	-12.9%	830	953	821	955	869	847
Profit Before exceptional items and Tax	-17.5%	95	115	94	112	100	95
Exceptional items before tax	-	0	0	0	-2.21	0	0
Total profit before tax	-17.5%	95	115	94	110	100	95
Current tax	-23.3%	24	31	24	26	28	26
Deferred tax	157.3%	2.41	-1.46	-1.27	2.68	-2.56	-1.97
Total tax	-13.8%	26	30	23	29	25	24
Total profit (loss) for period	-22.5%	63	81	67	79	75	71
Other comp. income net of taxes	110.7%	1.19	-0.77	-0.09	-0.26	0.02	-0.56
Total Comprehensive Income	-20.3%	64	80	67	79	75	70
Earnings Per Share, Basic	-26.7%	4.66	5.99	4.97	6.2	5.82	5.58
Earnings Per Share, Diluted	-26.7%	4.66	5.99	4.97	6.2	5.82	5.58

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	38.6%	3,853	2,780	1,931	1,521	1,766	1,711
Other Income	-7.1%	40	43	36	25	34	53
Total Income	38%	3,893	2,822	1,967	1,546	1,800	1,764
Cost of Materials	36.4%	2,952	2,165	1,226	1,046	1,192	1,098
Employee Expense	16.1%	66	57	224	211	152	225
Finance costs	-10%	73	81	93	81	88	68
Depreciation and Amortization	23.8%	27	22	33	30	29	36
Other expenses	12%	347	310	366	236	342	397
Total Expenses	33.7%	3,502	2,619	1,925	1,551	1,763	1,781
Profit Before exceptional items and Tax	93.1%	391	203	42	-5.57	38	-17.13
Exceptional items before tax	-	-2.61	0	-13.13	0	0	-38.36
Total profit before tax	92.1%	389	203	29	-5.57	38	-55.49
Current tax	96.2%	103	53	28	1.77	1.84	1.77
Deferred tax	-373%	-2.85	2.41	2.13	11	-22.34	-34.74
Total tax	83.3%	100	55	30	13	-20.51	-32.97
Total profit (loss) for period	128%	286	126	-0.69	-18.79	-36.14	-22.53
Other comp. income net of taxes	93.8%	0.32	-10	5.72	8.14	5.28	-7.25
Total Comprehensive Income	147.8%	286	116	5.04	-10.64	-30.86	-29.78
Earnings Per Share, Basic	134.8%	22.46	10.14	-0.03	-1.28	-2.96	4.94
Earnings Per Share, Diluted	117%	22.46	10.89	-0.03	-1.28	-2.96	4.94

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: TITAGARH vs Industrial Manufacturing

Comprehensive comparison against sector averages

Comparative Metrics

TITAGARH metrics compared to Industrial

Category	TITAGARH	Industrial
PE	36.23	32.83
PS	2.64	4.70
Growth	4.4 %	8.8 %

Performance Comparison

TITAGARH vs Industrial (2021 - 2025)

Key Insights

1. TITAGARH is among the Top 10 Industrial Manufacturing companies but not in Top 5.
2. The company holds a market share of 4.7% in Industrial Manufacturing.
3. In last one year, the company has had a below average growth that other Industrial Manufacturing companies.

Description	Share	Value
Freight Rail Systems	94.5%	852.8 Cr
Passenger Rail Systems	5.5%	49.4 Cr
Total		902.2 Cr

Balance Sheet for TITAGARH RAIL SYSTEMS

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-80.1%	66	327	94	41	124	4.52
Loans, current	-	0	0	0	0	0	24
Total current financial assets	15.2%	1,328	1,153	819	371	555	387
Inventories	10.5%	579	524	403	461	440	311
Current tax assets	-	-	-	-	271	-	0
Total current assets	12.2%	2,222	1,980	1,763	1,327	1,183	831
Property, plant and equipment	-0.8%	643	648	614	620	610	608
Capital work-in-progress	44.9%	156	108	58	12	4.59	0
Investment property	0%	8.21	8.21	8.21	8.21	8.21	8.21
Goodwill	-	0	0	0	102	57	60
Non-current investments	24.1%	264	213	45	45	43	134
Total non-current financial assets	13.5%	303	267	102	105	89	172
Total non-current assets	9%	1,358	1,246	970	920	841	918
Total assets	11%	3,580	3,226	2,733	2,247	2,024	1,749
Borrowings, non-current	-16.7%	31	37	44	50	24	33
Total non-current financial liabilities	-51%	125	254	140	149	79	90
Provisions, non-current	15%	3.92	3.54	3.56	3.44	3.39	3.41
Total non-current liabilities	-6.7%	250	268	297	194	93	107
Borrowings, current	1200%	365	29	217	200	258	86
Total current financial liabilities	1.7%	708	696	514	1,073	642	321
Provisions, current	6.2%	18	17	7.48	7.72	8.54	8.05
Current tax liabilities	183.3%	35	13	26	5.28	18	15
Total current liabilities	31.1%	957	730	1,046	1,089	1,058	683
Total liabilities	21%	1,207	998	1,343	1,284	1,151	791
Equity share capital	0%	27	27	25	24	24	24
Total equity	6.5%	2,373	2,228	1,390	963	872	958
Total equity and liabilities	11%	3,580	3,226	2,733	2,247	2,024	1,749

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-78%	73	329	97	55	128	8.96
Loans, current	-	0	0	0	0	0	0
Total current financial assets	15.1%	1,334	1,159	828	385	567	788
Inventories	10.5%	579	524	403	461	440	504
Current tax assets	-	0	0	-	-	-	0
Total current assets	12.2%	2,229	1,987	1,772	1,341	1,195	1,502
Property, plant and equipment	-0.8%	643	648	614	620	610	879
Capital work-in-progress	44.9%	156	108	58	12	4.59	15
Investment property	0%	8.21	8.21	8.21	8.21	8.21	8.21
Goodwill	-	0	0	0	102	57	60
Non-current investments	-26.5%	37	50	32	32	30	30
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	-26.5%	76	103	89	92	77	68
Total non-current assets	7.3%	1,333	1,242	955	906	838	1,177
Total assets	10.3%	3,561	3,229	2,728	2,248	2,033	2,679
Borrowings, non-current	-16.7%	31	37	44	50	24	496
Total non-current financial liabilities	-4.6%	125	131	140	149	79	552
Provisions, non-current	15%	3.92	3.54	3.56	3.44	3.39	3.41
Total non-current liabilities	-6.7%	250	268	297	194	93	570
Borrowings, current	1200%	365	29	217	200	258	365
Total current financial liabilities	86.5%	708	380	514	530	641	818
Provisions, current	6.2%	18	17	7.48	7.72	8.54	88
Current tax liabilities	183.3%	35	13	26	5.28	18	16
Total current liabilities	31.1%	957	730	1,046	1,089	1,057	1,267
Total liabilities	21%	1,207	998	1,343	1,285	1,150	1,837
Equity share capital	0%	27	27	25	24	24	24
Non controlling interest	-	0	0	0	-	-	0.14
Total equity	5.5%	2,354	2,231	1,385	964	883	842
Total equity and liabilities	10.3%	3,561	3,229	2,728	2,248	2,033	2,679

Share Holdings

Understand TITAGARH RAIL SYSTEMS ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Titagarh Capital Management Services Private Limited	17.87%
Jagdish Prasad Chowdhary(Trustee of Chowdhary foundation)	13.52%
Rashmi Chowdhary	7.52%
HDFC LARGE AND MID CAP FUND	3.76%
Titagarh Logistics Infrastructures Private Limited	1.42%
THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE OF HSBC INDIA INFRASTRUCTURE EQU	1.19%
MIRAE ASSET LARGE CAP FUND	1.01%
Clearing Members	0.42%
Umesh Chowdhary	0.06%
Jagdish Prasad Chowdhary	0.05%
Vinita Bajoria	0.02%
Prithish Chowdhary Family Trust	0%
Gaurav Kajaria	0%
Savitri Devi Chowdhary	0%
Sumita Kandoi	0%
Prithish Chowdhary	0%
Bimla Dev Kajaria	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Cash Flow for TITAGARH RAIL SYSTEMS

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-10%	73	81	93
Change in inventories	54.3%	-78.48	-172.77	-141.82
Depreciation	23.8%	27	22	33
Unrealised forex losses/gains	97.2%	0.56	-14.65	0.2
Adjustments for interest income	321.2%	20	-7.59	0
Share-based payments	-	0	0	0.17
Net Cashflows from Operations	74.5%	186	107	66
Income taxes paid (refund)	53.8%	101	66	12
Net Cashflows From Operating Activities	112.5%	86	41	55
Proceeds from sales of PPE	-29.9%	0	0.23	6.13
Purchase of property, plant and equipment	352.8%	164	37	102
Proceeds from sales of investment property	-	0	0	3.2
Proceeds from sales of long-term assets	-102.5%	0	41	121
Purchase of other long-term assets	341.4%	310	71	102
Interest received	208%	16	5.87	4.49
Other inflows (outflows) of cash	-	84	0	0
Net Cashflows From Investing Activities	-762.6%	-536.86	-61.35	-69.48
Proceeds from issuing shares	-	975	0	0
Proceeds from exercise of stock options	-	0	0	0.81
Proceeds from borrowings	-100.6%	0	158	116
Repayments of borrowings	295.7%	183	47	103
Payments of lease liabilities	69.9%	14	8.65	0
Dividends paid	649%	6.38	0.02	0.03
Interest paid	-9.8%	47	52	63
Other inflows (outflows) of cash	-106.2%	0	17	0.86
Net Cashflows from Financing Activities	995.5%	724	67	-52.71
Effect of exchange rate on cash eq.	-15.6%	0.26	0.36	-3.14
Net change in cash and cash eq.	506.7%	274	46	-70.74

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	-10%
Change in inventories	54.3%
Depreciation	23.8%
Unrealised forex losses/gains	97.2%
Dividend income	-
Adjustments for interest income	-
Share-based payments	-
Net Cashflows from Operations	51.2%
Income taxes paid (refund)	53.8%
Net Cashflows From Operating Activities	50.8%
Cashflows used in obtaining control of subsidiaries	-106.7%
Proceeds from sales of PPE	-29.9%
Purchase of property, plant and equipment	352.8%
Proceeds from sales of investment property	-
Proceeds from sales of long-term assets	107.5%
Purchase of other long-term assets	341.4%
Cash receipts from repayment of advances and loans made to other parties	-
Dividends received	-
Interest received	190.7%
Net Cashflows From Investing Activities	-578.1%
Proceeds from issuing shares	-
Proceeds from exercise of stock options	-
Proceeds from borrowings	-100.6%
Repayments of borrowings	295.7%
Payments of lease liabilities	69.9%
Dividends paid	649%
Interest paid	-9.8%
Net Cashflows from Financing Activities	1375.5%
Net change in cash and cash eq.	763.6%

Investor Care
Dividend Yield	0.17%
Dividend/Share (TTM)	1.3
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	21.82

Financial Health
Current Ratio	2.33
Debt/Equity	0.17
Debt/Cashflow	0.22

Valuation
Market Cap	10.46 kCr
Price/Earnings (Trailing)	36.14
Price/Sales (Trailing)	2.63
EV/EBITDA	20.54
Price/Free Cashflow	-188.71
MarketCap/EBT	25.25

Fundamentals
Revenue (TTM)	3.97 kCr
Rev. Growth (Yr)	-4.59%
Rev. Growth (Qtr)	-13.39%
Earnings (TTM)	289.42 Cr
Earnings Growth (Yr)	-16.11%
Earnings Growth (Qtr)	-22.21%

Profitability
Operating Margin	10.48%
EBT Margin	10.42%
Return on Equity	12.29%
Return on Assets	8.13%
Free Cashflow Yield	-0.53%

TITAGARH - TITAGARH RAIL SYSTEMS LIMITED Share Price

What does TITAGARH RAIL SYSTEMS LIMITED do?

Income Statement for TITAGARH RAIL SYSTEMS

Sector Comparison: TITAGARH vs Industrial Manufacturing

Comparative Metrics

Performance Comparison

Revenue Breakdown

Balance Sheet for TITAGARH RAIL SYSTEMS

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Cash Flow for TITAGARH RAIL SYSTEMS

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Is TITAGARH RAIL SYSTEMS Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

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BEML	BEMLConstruction Vehicles	12.94 kCr	3.91 kCr	-3.47%	-12.30%	49.44	3.31	-2.07%	+43.30%
TEXRAIL	Texmaco Rail & EngineeringIndustrial Products	5.59 kCr	4.77 kCr	+3.92%	-25.02%	24.16	1.17	+46.64%	+169.18%
HIRECT	Hind RectifiersIndustrial Products	1.54 kCr	623.19 Cr	-5.39%	+18.32%	47.77	2.47	+30.33%	+552.83%
KERNEX	Kernex Microsystems (India)Transport Related Services	1.31 kCr	116.52 Cr	+0.07%	+45.49%	269.76	11.22	+967.24%	+121.62%