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Company details

6M Return 128.71%
1Y Return 254.78%
Mkt Cap.(Cr) 12,842.96
Volume 4,008,428
Div Yield 0.15%
OI Chg %
Volume 4,008,428

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Commercial Vehicles company Jupiter Wagons announced Q1FY24 results:

  • Revenue for Q1FY24 stood at Rs 75,319 lakh, up 155% YoY
  • EBITDA for Q1FY24 at Rs 9,956 lakh, up 217% YoY, EBITDA margin improves to 13.2% from 10.6%
  • Continued to deliver an industry-leading margin of 13.2%
  • PAT for Q1FY24 stood at Rs 6,360 lakh, up 374% YoY, PAT margin 8.4%
  • EPS for Q1FY24 is Rs 1.62 per share of Rs 10 each

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, “We are delighted to commence FY24 on a strong note, with several exciting developments in the first quarter. The company's business momentum remained robust, as we reported revenues of Rs 75,319 lakh, growing 155% on a YoY basis.

EBITDA was Rs 9,956 lakh, reflecting 217% growth YoY. Due to an improved product mix and the introduction of value-added products, we reported an EBITDA margin of 13.2%, representing an expansion of 260 bps YoY and further embellishing our industry-leading margins. Additionally, profit after tax was Rs 6,360 lakh, higher by 374% YoY.

Looking beyond the strong financial performance during the quarter, we are delighted to share that our bid for Stone India has received NCLT approval. We see several synergies from the addition of this entity to our group and will endeavor to rapidly restore the operational momentum.

We have stepped into the global markets for freight wagons through our long-term MoU with RITES Ltd. following which we participated in global tenders in Zimbabwe and Mozambique. We have received our first order for Weldable CMS crossings and are set to roll out production shortly. We have commenced delivery of Brake Disc assemblies this quarter and foresee strong traction for these products going forward.

The container business is witnessing high interest in specialized products, and we are engaging with marquee international customers and are poised to further elevate the business performance. Progress has also been made on upcoming business lines of braking systems and eLCVs. The overall outlook remains favorable, and the company's primary focus is on creating enduring value for all stakeholders.”


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Operating Profit
Profit after Tax
Reserves and Surplus
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Profit after Tax

Jupiter Wagons Ltd Stocks COMPARISION


Equity Capital: 803.39 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,819.21 39,849.27
LAST 3M 59,182.99 17,912.96
LAST 6M 101,166.54 92,564.27
LAST 12M 166,925.45 138,096.90

Jupiter Wagons Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Jupiter Wagons Limited (JWL) (Erstwhile Commercial Engineers & Body Builders Co Limited) is the most integrated railway engineering company for freight wagons and passenger coach items for Indian Railways. It is duly diversified into manufacturing of application-based load bodies on commercial vehicles and ISO marine containers for domestic and international use. The Company has unique and fully integrated railway rolling stock manufacturing facility in Kolkata wherein alloy steel foundry is equipped to deliver all essential casting components required for construction of railway wagons. The facility is also equipped with cold roll-forming mills to cater to the requirements of complete range of Indian Railway wagons. This facility has more than 4km of railway siding connected to Bandel Junction under Eastern Railway. The wagon fabrication facility in the same factory is distributed into three sections of clientele namely Indian Railways, Defence and Non-Railway Customers. The second railway engineering unit in Jabalpur is equipped with adequate railway siding and two sections of clientele namely and Indian Railways and Non-Railway Customers. The in-house foundry and CRF mill cater to both the rolling stock fabrication units. Application based commercial vehicles are situated in Jabalpur (two units), Indore and Jamshedpur. The product portfolio includes wagons, wagon accessories, passenger coach, passenger coach accessories, complete track solutions, among others. The Company caters to Commercial Vehicles, Railways and Power sectors through manufacturing of tippers, load bodies, wagons and components. The company`s business comprises of manufacturing vehicle bodies for commercial vehicles, refurbishment of railway wagons and manufacture of components for railway wagons, coaches and locomotives. The company operates in five factories, in which four of their factories are located in the state of Madhya Pradesh and the fifth is located in the state of Jharkhand. The company`s products in the commercial vehicles division cater to the needs of a broad spectrum of industries and sectors, including mining, road construction, goods transportation, solid waste management, municipal applications and the Indian Defense. Their current range of product and service offerings in the railways division comprises of refurbishment of BOXN Wagons and the manufacture of components for wagons, coaches and locomotives. Commercial Engineers & Body Builders Company Ltd was incorporated on September 28, 1979 as a private limited company with the name Commercial Engineers & Body Builders Company Pvt Ltd. In the year 1979, the company commenced their business activities. In January 29, 1996, the company executed an agreement with Madhya Pradesh Windfarm Ltd for the setting up of a single wind electricity generating unit. During the year 2005-06, the company commenced commercial production at the Mandla Factory, then leased from Kailash Auto Builders. They entered into Technical Know-How Agreement with a Thai company called Cho Thavee Dollasien Co Ltd for the production of bodies for heavy vehicles such as tippers, dumpers and trailers under the combined trademark "CTVCEBBCO". In August 18, 2008, as per the scheme of arrangement, the Mandla Factory was de-merged from Kailash Auto Builders Pvt Ltd and transferred to the company with effect from March 31, 2007. During the year 2007-08, the company began expansion and modernization of the Richhai Factory I and the Mandla Factory. During the year 2008-09, the company commenced activities in the railways division. They commissioned robotic welding lines at Richhai Factory I. Also, the company accorded ISO/TS 16949:2002 accreditation by TUV SUD Management Service GmbH. In November 2008, the company commenced commercial production at the Indore Factory. They received their fist order for supply of trailers from Asia MotorWorks Ltd. In December 12, 2008, the company obtained their first purchase order from the Indian Railways for supply of 290 Side-Walls and End-Walls. In February 6, 2009, they received their first order for supply of refrigerated containers from Hino Motors Sales India Pvt Ltd, a group company of the Toyota Group. In March 22, 2009, they commenced commercial production at Richhai Factory II. In April 27, 2009, the company received a purchase order for supply of "long hood structures" from Diesel Locomotive Works. In May 27, 2009, they entered into a Technical Know-How Agreement with a French company by the name of Le Capitaine for the manufacture of refrigerated bodies for vehicles fitted with refrigerated bodies and refrigerated containers. In August 10, 2009, the company obtained an order from the Indian Railways for the upgradation of 250 BOXN wagons. In September 2, 2009, the company obtained an order from the Indian Railways for supply of 200 Side-Walls and End-Walls. In September 23, 2009, they received performance certificate from Wagon Repair Shop, Kota for successfully supplying Side-Walls, End-Walls within the due date of delivery and in accordance with specifications. In September 28, 2009, the company entered into the Joint Project Agreement with Mithila Motors for operation of the Jamshedpur Factory. In November 6, 2006, the company obtained an order from the Indian Railways for the upgradation of 200 BOXN wagons. They entered into a power purchase and wheeling agreement with M P Power Trading Co Ltd and M P Wind Farms Ltd for captive use of the energy generated from their wind electricity generating unit of 225 KW located at Jamgodrani, District Dewas. In December 2009, the company commenced commercial production at the Jamshedpur Factory. They set up refrigerated van manufacturing facility at the Richhai Factory II. Also, they received approval for their Quality Assurance Plan from the RDSO for fabrication of End -Walls, Side-Walls and flap doors of BOXNR Wagons. In January 18, 2010, they received their first order for supply of tippers from Man Force Trucks Pvt Ltd. In March 25, 2010, the company was converted into a public limited company and the name was changed to Commercial Engineers & Body Builders Company Ltd. In April 2010, the company received an award at the "Supplier Conference 2010" held at Indore from the Eicher group for their outstanding contribution to the supply chain management. In June 2, 2010, the company entered into an agreement with Bouvier Resources Ltd for supply of panels and components for railway wagons. During the year 2021-22, the Board of Directors at its meeting held on 28 September, 2020 had approved the Scheme of Arrangement / Amalgamation of Jupiter Wagons Limited (JWL/ Amalgamating Company/ Transferor Company) into and with the Commercial Engineers & Body Builders Co Limited (Company/ Amalgamated Company/ Transferee Company) and their respective shareholders and creditors with the Appointed Date, 1 October, 2019, which accordingly, was made effective from 18th May, 2022.

Registered Address

48 Vandana Vihar Narmada Road, Gorakhpur, Jabalpur, Madhya Pradesh, 482001

Email : cs:jupiterwagons.com
Website : http://www.jupiterwagons.com

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AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533272
NSE Code : JWL
Book Closure Date (Month) :
BSE Group : B
ISIN : INE209L01016

FAQ’s on Jupiter Wagons Ltd Shares

You can buy Jupiter Wagons Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jupiter Wagons Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 03:59 PM the closing price of Jupiter Wagons Ltd was ₹ 311.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 03:59 PM, the market cap of Jupiter Wagons Ltd stood at ₹ 12,842.96.

The latest PE ratio of Jupiter Wagons Ltd as of Dec 08, 2023 03:59 PM is 56.45

The latest PB ratio of Jupiter Wagons Ltd as of Dec 08, 2023 03:59 PM is 0.11

The 52-week high of Jupiter Wagons Ltd is ₹ 411.00 while the 52-week low is ₹ 82.65

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