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Texmaco Rail & Engineering Ltd share Price Today

Company details

206.00
222.27
74.50
231.80
6M Return 31.96%
1Y Return 192.71%
Mkt Cap.(Cr) 8,600.13
Volume 10,278,281
Div Yield 0.23%
OI
-
OI Chg %
-
Volume 10,278,281

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Construction & Engineering company Texmaco Rail & Engineering declares Q3FY22 result:

  • The Gross Revenue for the 3rd quarter ended 31 st December 2021 stood at Rs. 479.72 Cr, EBIDTA at Rs. 45.13 Cr, Profit before Tax (PBT) at Rs. 10.71 Cr and after a provision of Rs. 9.13 Cr for Defened Tax Liability, a net profit at Rs. 1.58 Cr as against Gross Revenue of Rs. 463.01 Cr, EBIDTA ofRs.53.66 Cr, PBT ofRs. 17.87 Cr and net profit of Rs. 18.08 Cr respectively in the corresponding quarter of FY 20-21.
  • For the nine months ended 31st December, 2021 the Gross Revenue stood at Rs.1196.08 Cr, EBIDTA at Rs. 130.74 Cr, Profit before Tax (PBT) at Rs. 26.51 Cr and net profit ar Rs. 12.14 Cr as against Cross Revenue of Rs. 1100.99 Cr, EBIDTA of Rs. 85.82 Cr, Loss Before Tax of Rs. 20.52 Cr and net loss ofRs. 7.77 Cr respectively in the corresponding quarter of FY 20-21.
  • While the Company was coming out ofthe Covid related disruptions in the firsr 2 Quarters, due to a sudden surge of 3rd wave of Covid which seriously impacted the large part of the Country with positive rate on days going as high as >50%  and restrictions imposed by the State Govemment from time to time, intemittent disruptions in operational activities could not be avoided. The situation however is fast easing out and Govemment has eased the restrictions with lot of relaxations leading to expscted normal operations in Q4 ofthe financial year.
  • The Railway Budget as announced this year is promising with the Government's revised capital expenditure outlay of Rs 2.45 Lakh Cr for Railway infrastructure and development. The Govemrnent's plan to pdoritise the multi-modal connectivity between mass urban transport and Rail network, as part of "PM Gati Shakti" scheme would open new opportunities both in Railway manufacturing & service sectors. This would certainly boost the prospects ofthe Company, which is present in most ofthe Rail related segments.

 

 

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Texmaco Rail & Engineering Ltd shares SWOT Analysis

Strengths (17)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (1)

  • Promoter holding decreased by more than -2% QoQ

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength
  • High Volume, High Gain

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 223.0
R2 230.8
R3 239.3
Pivot

214.52

S1 206.8
S2 198.3
S3 190.5
EMA SMA
200.4
190.8
182.3
163.3
199.3
186.1
185.3
167.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-23 203.59 2002013 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-23 203.8 2002013 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-20 217.48 3263340 NSE
Name Category Shares
SAROJ KUMAR PODDAR (as an Individual) PROMOTER 6.15%
SAROJ KUMAR PODDAR (as a Trustee - SAROJ AND JYOTI PODDAR HOLDINGS PRIVATE TRUST) PROMOTER 0.95%
ZUARI INTERNATIONAL LIMITED PROMOTER 15.96%
TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED PROMOTER 14.64%
ADVENTZ FINANCE PRIVATE LIMITED PROMOTER 6.95%
DUKE COMMERCE LIMITED PROMOTER 1.88%
ADVENTZ SECURITIES ENTERPRISES LIMITED PROMOTER 0.95%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Debt/Equity
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Texmaco Rail & Engineering Ltd Stocks COMPARISON

Financials( in Cr) Texmaco Rail & Engineering Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 215.29 3,899.95 5,038.55 1,697.40 2,736.85
% Change 4.84 1.11 -1.98 -2.95 -0.60
Mcap Cr 8,600.13 108,106.61 60,037.35 32,294.39 30,302.40
Revenue TTM Cr 2,600.24 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 11.53 1,228.15 450.70 441.70 295.08
PE TTM 76.13 62.74 101.90 69.94 78.67
1 Year Return 192.71 105.31 114.21 39.96 23.25
ROCE 5.89 26.89 14.53 20.69 27.49
ROE 0.85 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,392.19 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,826.63 8,630.44
LAST 3M 107,380.98 -11,529.23
LAST 6M 184,073.87 -1,796.10
LAST 12M 296,057.08 99,791.83

Texmaco Rail & Engineering Ltd Information

Stock PE (TTM)
76.13
Promoter Holding
48.14%
Book Value
63.4084
ROCE
5.89%
ROE
0.85%
Description
  • Texmaco Rail & Engineering Limited was originally incorporated on June 25, 1998 as a Private Limited Company with the name Texmaco Machines Private Limited. On March 3, 2010, the Company converted into a Public Limited Company and the name was changed to Texmaco Machines Ltd. On April 23, 2010, name of the Company was changed from Texmaco Machines Limited to Texmaco Rail & Engineering Limited. In September 2010, as per the Scheme of Arrangement, the Heavy Engineering and Steel Foundry Divisions of Texmaco Limited got demerged and was transferred to the Company effective April 1, 2010. In consideration of demerger of Heavy Engineering and Steel Foundry businesses of Texmaco Limited as above, the Company as per the Scheme of Arrangement allotted one Equity Share of Re.1/- each fully paid up against one Equity Share of Re.1/- each of Texmaco Limited held by its Members . The Company manufactures a diverse range of products viz. Railway Freight Cars, Hydro-mechanical Equipment & Industrial Structural`s, Loco Components and Loco Shells, Steel Girders for Railway Bridges, Steel Castings, and Pressure Vessels, etc. along with EPC contracts for Execution of Railway Track, Signaling & Telecommunication Projects, Rail Electrification & Automatic Fare Collection etc. on turnkey basis. The Company has strengthen its position as a Total Rail Solution Provider Company. The Company`s major operating divisions are the heavy engineering division consisting of wagon, hydro-mechanical equipment and process equipment manufacturing facilities and the steel foundry division. They have five manufacturing facilities in the outskirts of Kolkata, in Agarpara, Belgharia, Sodepur and Panihati. They have their marketing offices in Mumbai, Chennai and Delhi apart from marketing their products through an established network of agents. Their major customers include the Indian Railways, National Hydroelectric Power Corporation Ltd, National Thermal Power Corporation Ltd, Mitsubishi Heavy Industries, Jaiprakash Industries among others. In November 2010, the company joined hands with Bombardier Transportation India Ltd, a 100% subsidiary of global rail equipment major Bombardier Inc to form a consortium and submit a joint bid to the Ministry of Railways for the manufacture of electric locomotives. In December 2010, the company signed a joint venture agreement with Australia`s UGL Ltd, an engineering maintenance and facilities management company. As part of this arrangement, the company and UGL together will establish a manufacturing facility based at the company`s Belgharia Kolkata site in India. The equity shares of the company were listed on the Bombay Stock Exchange and National Stock Exchange with effect from March 03, 2011. During the year 2012, the Company introduced the latest and most advanced system of Oracle R12 for its operations. The new Coach manufacturing facility at the Company`s Sodepur Works was commissioned in 2013-14. Besides, it acquired Kalindee Rail Nirman (Engineers) Limited, a subsidiary company which does EPC contracts for Railways and Metros. The new Coach manufacturing facility at the Company`s Sodepur Works was commissioned in 2013-14. Besides, it acquired the shares in Kalindee Rail Nirman (Engineers) Limited, a company which does EPC contracts for Railways and Metros and became a subsidiary of the Company with effect from 31st August, 2015. The first rake of EMU Coaches was commissioned during the year 2015. During the year 2015-16, Company acquired 55% majority stake in Bright Power Projects (India) Private Limited, a rail infrastructure company, and it became a subsidiary of the Company effective 4th January, 2016. The Joint Venture (JV), Texmaco Hi-tech Private Limited with UGL Rail Services Ltd. (UGL), Australia, became a wholly owned subsidiary of the Company w.e.f 1st October, 2015, consequent on acquisition of the entire shareholding of UGL by Texmaco. During year 2016-17, Kalindee Rail Nirman (Engineers) Limited, a subsidiary of the Company, got merged with the Company through the Scheme of Amalgamation effective from 1st April 2014. The Company completed fabrication and erection of a major bridge (9 x 102.4 meters) weighing 7800T, at Bhairab in Bangladesh. Belur Engineering Private Limited was incorporated a wholly owned subsidiary in February, 2017. Texmaco Transtrak Private Limited was incorporated a subsidiary in 2018. During the year 2018-19, Texmaco Hi-tech Private Limited and Bright Power Projects (India) Private Limited, subsidiaries of Company were merged into and with the Company through the Scheme of Amalgamation effective from 1st April 2017. Two new designs of yoke castings, new designs of follower, draft gear housing and machined bogie castings of premium quality, 15 new components with improved wear resistance, Bogie casting for Sri Lankan Railways and Explosion Depth Hardened (EDH) cast manganese steel crossing in collaboration with IDL Explosives were developed and launched in 2018. During the year 2019-20, Company acquired a Foundry at Urla unit, in Raipur, which increased its total installed capacity to 42,000 MT per annum. In 2021-22, the Company had issued and allotted 7,15,26,643 Equity Shares of face value of INR 1 each by way of Rights Issue for an amount aggregating INR 164,51,12,789, in the ratio of 2 Equity Shares for every 7 Equity Shares held, to the eligible equity Shareholders of the Company. i.e., 2:7.

Registered Address

Belgharia, , Kolkata, West Bengal, 700056

Tel : 91-33-25691500
Email : texmail:texmaco.in
Website : http://www.texmaco.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 533326
NSE Code : TEXRAIL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE621L01012

FAQ’s on Texmaco Rail & Engineering Ltd Shares

You can buy Texmaco Rail & Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Texmaco Rail & Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 04:13 PM the closing price of Texmaco Rail & Engineering Ltd was Rs.215.29.

The latest PE ratio of Texmaco Rail & Engineering Ltd as of Jun 21, 2024 04:13 PM is 76.13

The latest PB ratio of Texmaco Rail & Engineering Ltd as of Jun 21, 2024 04:13 PM is 0.29

The 52-week high of Texmaco Rail & Engineering Ltd share price is Rs. 231.80 while the 52-week low is Rs. 74.50

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 Jun 21, 2024 04:13 PM, the market cap of Texmaco Rail & Engineering Ltd stood at Rs. 8,600.13 Cr.

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