loader2
Partner With Us NRI

Titagarh Rail Systems Ltd share Price Today

Company details

1,448.00
1,548.00
432.90
1,594.25
6M Return 45.08%
1Y Return 257.40%
Mkt Cap.(Cr) 19,972.83
Volume 6,613,167
Div Yield 0.05%
OI
-
OI Chg %
-
Volume 6,613,167

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Commercial Vehicles company Titagarh Rail Systems announced Q3FY24 results:

  • Revenue: Standalone net revenues reached Rs 954.68 crore in Q3FY24, marking a year-over-year growth of 24.57%.
  • EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 110.67 crore, with an EBITDA margin of 11.59%. This reflects a significant increase of 52.30% compared to the same quarter in the previous fiscal year.
  • Profit: Profit after tax (PAT) for Q3FY24 soared to Rs 75.03 crore, exhibiting a sharp rise of 91% over Q3FY23.
  • Wagon Production: A historic industry-leading milestone of 1,021 wagons was achieved in December 2023, marking the highest-ever monthly production by any manufacturer in the sector.
  • The company has a diversified order book valued at Rs 27,466 crore across both business segments – Freight Rolling Stock and Passenger Rolling Stock.

Commenting on the results, Umesh Chowdhary, Vice Chairman and Managing Director, Titagarh Rail Systems said, “The Company’s robust performance in Q3FY24 is a reflection of our sustained operational momentum. On a year-over-year basis, the Freight Rolling Stocks / Passenger Rolling Stocks recorded substantial growth. The Government's unwavering emphasis on the building of world-class rail infrastructure in India makes us enthusiastic about higher and sustained growth in the upcoming quarters.”

Result PDF

View Other Company Results

Titagarh Rail Systems Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • Promoters increased pledged shares QoQ

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,538.0
R2 1,593.0
R3 1,638.0
Pivot

1,493.02

S1 1,438.0
S2 1,393.0
S3 1,338.0
EMA SMA
1,299.9
1,184.4
1,088.4
950.5
1,307.6
1,141.9
1,055.0
969.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-29 1355.81 753820 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-29 1357.11 753820 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-17 1265.16 680151 NSE
Name Category Shares
Rashmi Chowdhary PROMOTER 9.52%
TITAGARH CAPITAL MANAGEMENT SERVICES PRIVATE LIMITED PROMOTER 17.87%
JAGDISH PRASAD CHOWDHARY (TRUSTEE OF CHOWDHARY FOUNDATION) PROMOTER 13.52%
TITAGARH LOGISTICS INFRASTRUCTURES PRIVATE LIMITED PROMOTER 1.42%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Titagarh Rail Systems Ltd Stocks COMPARISON

Financials( in Cr) Titagarh Rail Systems Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 1,483.05 3,825.60 5,311.90 1,773.95 2,714.65
% Change 2.59 3.05 -0.57 2.10 0.11
Mcap Cr 19,972.83 106,045.63 63,294.48 33,750.82 30,056.60
Revenue TTM Cr 2,779.59 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 125.72 1,228.15 450.70 441.70 295.08
PE TTM 69.20 61.66 107.46 73.17 78.30
1 Year Return 257.40 107.55 127.03 48.45 28.74
ROCE 16.82 26.89 14.53 20.69 27.49
ROE 13.93 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 963.55 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05
Titagarh commences production of trainsets for Bangalore Metro

Jun 15, 2024 l BSE Announcement

TITAGARH RAIL SYSTEMS LIMITED - Press Release

Jun 14, 2024 l NSE Announcement

TITAGARH RAIL SYSTEMS LIMITED - Loss of Share Certificates

Jun 13, 2024 l NSE Announcement

Date Action Type Ratio
Sep 22, 2023 Dividend 25

Titagarh Rail Systems Ltd Information

Stock PE (TTM)
69.2
Promoter Holding
42.46%
Book Value
165.6636
ROCE
16.82%
ROE
13.93%
Description
  • Titagarh Wagons Limited (TWL) was established on July 03, 1997. The Company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Heavy Earthmoving and Mining Equipments, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, Bailey Bridges, EMU, etc. The above said products and services are structured along five broad business lines, Wagon Manufacture, Heavy Earth Moving & Mining Equipment, Foundry Division, Rail Coach Division and Special Projects. The company also entered into production of special purpose wagons to suit the varying needs of customers, such as the Merry-Go-Round ("MGR") wagons and Special Wagons for Defence etc. TWL, is the only private company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. The company`s Wheel-on-Wheels ("WoW") wagon has specifically been designed, to enable it to carry various types of trucks, catering to the needs of the logistics industry by providing a Roll-on - Roll-off service. TWL have a subsidiary company named as Titagarh Biotec Private Limited, incorporated on July 20, 2004. Titagarh Biotec Private Limited is primarily engaged in the business of cultivating, producing, buying and selling all kinds of agricultural and 2 forests produce and engaged in biotech activities for processing and preservation of agriculture and forest produce. The company acquired the Heavy Engineering Division of Hyderabad Industries Limited under the Business Transfer Agreement dated April 4, 2005. The purchase included a manufacturing unit in Uttarpara, West Bengal spread over an area of approximately 35 acres with a steel foundry, a fabrication cum machining facility and access to a rail siding along with some specified liabilities ("Uttarpara unit"). During the year 2006, the company has supplied 88 Bailey bridges as well as related spares. TWL have one of the highest manufacturing capacity ratings given by Ministry of Defence (CQAE), being 72 bridges per annum. The company and JP Morgan Mauritius entered into a cooperation and funding agreement for acquisition, revival and rehabilitation of the sick Cimmco Birla Ltd (CBL) part of the S.K. Birla Group to BIFR Cimmco with the consideration of Rs 35 crore and also entered into a `compromise deed` with the unions of Cimmco. TWL entered a Joint Venture Agreement with FreightCar Inc; America entered into for a Joint Venture Company for manufacture of Aluminium Rail Cars. As of March 2008, Titagarh Wagon was entered into the capital market with its Initial Public Offering (IPO) of 23,83,768 shares. TWL is in the process of expanding its capacities, including setting up Rs 18.7-crore EMU manufacturing unit with a capacity to produce two rakes of EMUs per month. It also plans to invest another Rs 18.84 crore to modernise and expand its two existing plants at Titagarh and Uttarpara in West Bengal, apart from setting up an axle machining and wheel-set assembly facility at a cost of Rs 12.93 crore. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector, to be known as a dependable and preferred partner for growth in line with a national perspective plan. Pursuant to Order dated May 17, 2016 of the Hon?ble High Court of Calcutta becoming effective on and from July 13, 2016, the wholly owned subsidiaries, Cimco Equity Holdings Private Limited, Titagarh Marine Limited, Corporated Shipyard Private Limited and Times Marine Enterprises Private Limited were amalgamated with Company. During the year 2016, the Company along with its wholly owned subsidiary company, Titagarh Singapore Pte Limited formed a subsidiary company in Italy in the name of Titagarh Firema Adler SpA (TFA) and consequently, acquired the business of Firema Trasporti SpA, a designer and manufacturer of metro coaches and semi / high speed trains. On 22 April, 2017 the Company launched a first wagon, special freight train operation (SFTO) carrying steel coils at Uttarpara unit in West Bengal. It launched the first weighing 1000 Tonnes fuel barge ship for Indian Navy on the 17th May, 2018. The Hon?ble National Company Law Tribunal (NCLT), Kolkata Bench, by an Order passed on 16th October, 2017 sanctioned the Scheme of Amalgamation of Titagarh Agrico Private Limited (TAPL), a wholly owned subsidiary of the Company with Cimmco Limited w.e.f. the Appointed Date: 1st April, 2016. Upon filing the said Order, TAPL , which was earlier the Company?s subsidiary, amalgamated with Cimmco and accordingly, ceased to be a subsidiary of the Company. Titagarh Mermec Private Limited, a Joint Venture was set up in India on 18th July, 2018 with equal stake in its equity of Mermec SpA, Italy (Mermec) and Company, for marketing, manufacturing and selling diagnostic and signalling systems for railway infrastructure and auxiliary products and equipment parts in the Territories of India, Nepal, Bangladesh, Myanmar, Bhutan and Sri Lanka. The Hon`ble National Company Law Tribunal, Kolkata Bench, by an Order dated 30th September, 2020 had sanctioned the Scheme of Amalgamation of Cimmco Limited, the Company`s subsidiary, and Titagarh Capital Private Limited, the Company`s wholly-owned subsidiary, with the Company which became effective from the Appointed Date of the Scheme i.e., 1st April, 2019. During the year 2019, the group de-recognised the entire assets & liabilities of Company`s erstwhile wholly-owned Subsidiary in France, Titagarh Wagons AFR (TWA), w.e.f. 4th June, 2019 being the date when the start of the Rehabilitation Procedure was approved by the said Court. The Company acquired the shares held by Matiere SAS, France, representing 50% of the paid-up share capital of Matiere Titagarh Bridges Private Limited (MTBPL). As a result, the shareholding of the Company in MTBPL changed from 50% to 100% and MTBPL became a wholly-owned subsidiary of the Company w.e.f. 14th July, 2020. During November 2020, the Company transferred the investments held by it in subsidiaries, namely Titagarh Firema S.p.A., Italy (TFA) and Titagarh Singapore Pte Ltd, Singapore (TSPL), to Titagarh Bridges and International Private Limited (Formerly known as Matiere Titagarh Bridges Private Limited) (TBIPL), a wholly owned subsidiary of the Company engaged in the business of manufacture of metallic bridges. The first Aluminium Metro train for Pune Metro was flagged off at TFA, Italy, on 30th July, 2021. The Company along with its subsidiary TFA, had signed the first contract for design, manufacture and supply of 34 trains of 3 coaches each for Pune Metro (Maharashtra Metro Rail Corporation Limited). In 2021-22, the Company launched the first warship vessel for the Indian Coast Guard in co-operation with Garden Reach Shipbuilders and Engineers Ltd. (GRSE). It designed, produced and delivered two prototype metro trains, one for Pune Metro (India) and the other for Catania Metro (Sicily) in 2022. The Company on 10th January, 2022 approved a Draft Scheme for Amalgamation of Titagarh Bridges and International Private Limited (TBIPL), a wholly owned subsidiary with the Company, with 1st April, 2021 as the Appointed Date, which got sanctioned by the Hon`ble National Company Law Tribunal (NCLT). And consequent to merger of TBIPL with the Company, all the assets and liabilities of TBIPL including the shares held by it in Titagarh Singapore Pte. Ltd., Singapore, and Titagarh Firema S.p.A., Italy, stood transferred to the Company.

Registered Address

756 Anandapur, E M Bypass, Kolkata, West Bengal, 700017

Tel : 91-33-40190800
Email : dinesh.arya:titagarh.in; corp:titagarh.in
Website : http://www.titagarh.in
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532966
NSE Code : TITAGARH
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE615H01020

FAQ’s on Titagarh Rail Systems Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Titagarh Rail Systems Ltd was Rs.1,483.05.

The latest PE ratio of Titagarh Rail Systems Ltd as of Jun 14, 2024 03:59 PM is 69.20

The latest PB ratio of Titagarh Rail Systems Ltd as of Jun 14, 2024 03:59 PM is 0.11

The 52-week high of Titagarh Rail Systems Ltd share price is Rs. 1,594.25 while the 52-week low is Rs. 432.90

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 14, 2024 03:59 PM, the market cap of Titagarh Rail Systems Ltd stood at Rs. 19,972.83.

Download App

Download Our App

Play Store App Store
market app