Capital Goods · NIFTY 500

TITAGARH RAIL SYSTEMS LIMITED

NSETITAGARH BSE532966 ISININE615H01020 SeriesEQ Listed on NSE · BSE

₹731.30 +0.70 (+0.10%) Updated 12 Nov, 8:49 pm IST

Open chart Back to screener

Price, daily close-22.91% in a year

Today

Open: ₹736.00
Prev close: ₹730.60
Day high: ₹744.00
Day low: ₹727.00
Volume: 6.62 L
Value traded: ₹48.69 Cr
Upper circuit: ₹876.70
Lower circuit: ₹584.50
52W high: ₹971.00
52W low: ₹568.70
1 month: -12.87%
6 months: -16.86%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹9,847 Cr

P/E (TTM)45.68

P/B3.83

Book value / share₹191.09

EPS (TTM)₹16.01

ROE8.5%

Dividend yield0.14%

Dividend (12m)₹1.00 / share

Net margin (TTM)6.7%

Operating margin13.5%

Debt / equity0.30

Current ratio1.83

EV / EBITDA26.80

Sales growth (YoY qtr)-0.81%

Profit growth (YoY qtr)+70.81%

Sales CAGR 3Y+18.17%

Profit CAGR 3Y—

Shares13.47 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

9550.0

Dec 23

1,05278.9

Mar 24

9030.0

Jun 24

1,05780.7

Sep 24

90262.8

Dec 24

1,00664.5

Mar 25

67930.9

Jun 25

79937.0

Sep 25

83248.2

Dec 25

87553.5

Mar 26

76552.6

Jun 26

79363.2

Sep 26

Revenue · QoQ (vs last quarter)

—+10%-14%+17%-15%+11%-32%+18%+4.1%+5.2%-13%+3.6%

Revenue · YoY (vs a year ago)

————-5.5%-4.5%-25%-24%-7.8%-13%+13%-0.8%

Net profit · QoQ (vs last quarter)

——-100%—-22%+2.7%-52%+20%+30%+11%-1.7%+20%

Net profit · YoY (vs a year ago)

—————-18%—-54%-23%-17%+70%+71%

RevenueNet profitLine = trend

5.82

Dec 23

6.20

Mar 24

4.97

Jun 24

5.99

Sep 24

4.66

Dec 24

4.78

Mar 25

2.30

Jun 25

2.73

Sep 25

3.58

Dec 25

3.97

Mar 26

3.84

Jun 26

4.62

Sep 26

EPS (₹) · YoY (vs a year ago)

————-20%-23%-54%-54%-23%-17%+67%+69%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	955	1,052	903	1,057	902	1,006	679	799	832	875	765	793
Other income	14.5	14.7	12.3	10.7	22.5	29.9	11.7	14.4	10.8	11.6	6.6	7.2
Total income	969	1,067	915	1,068	925	1,035	691	813	843	887	772	800
Raw material	739	807	690	808	698	770	500	565	643	640	572	577
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	15.1	18.1	17.3	19.8	21.8	28.0	26.3	25.5	30.6	27.8	28.5	30.2
Other expenses	81.8	107	87.2	109	92.9	130	95.9	99.9	102	109	79.0	90.5
Total expenses	869	955	821	953	830	934	634	746	770	809	700	717
Operating profit	111	118	102	129	100	102	75.1	83.6	92.0	97.2	94.9	107
OPM %	11.6%	11.2%	11.3%	12.2%	11.1%	10.1%	11.1%	10.5%	11.1%	11.1%	12.4%	13.5%
Finance cost	18.2	15.8	12.5	17.5	21.1	22.1	17.8	18.3	17.8	16.9	15.1	15.9
Depreciation	6.8	7.0	7.1	7.7	6.4	8.4	11.9	12.4	12.5	14.2	15.0	15.6
Exceptional items	—	-2.2	—	—	—	—	—	—	—	0.0	—	—
Profit before tax	100	110	94.5	115	95.1	101	57.0	67.4	72.5	77.7	71.5	82.7
Tax	25.1	28.6	23.2	29.9	26.2	27.5	14.5	20.3	16.9	21.2	18.3	18.8
Net profit	74.8	78.9	67.0	80.7	62.8	64.5	30.9	37.0	48.2	53.5	52.6	63.2
Profit to shareholders	0.0	78.9	0.0	—	—	—	—	—	—	—	—	—
EPS (₹)	5.82	6.20	4.97	5.99	4.66	4.78	2.30	2.73	3.58	3.97	3.84	4.62

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

1,271-1020.0

FY18

1,711-4.3-28.5

FY19

1,7661210.0

FY20

1,52180.6-15.0

FY21

1,931120-0.3

FY22

3,853449286

FY24

3,868433275

FY25

3,186283123

FY26

Revenue · YoY (vs a year ago)

—+35%+3.2%-14%+27%—+0.4%-18%

Net profit · YoY (vs a year ago)

——+100%—+98%—-3.9%-55%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY18	FY19	FY20	FY21	FY22	FY24	FY25	FY26
Revenue	1,271	1,711	1,766	1,521	1,931	3,853	3,868	3,186
Other income	29.9	53.4	34.0	24.9	35.8	39.8	75.4	48.4
Total expenses	1,463	1,781	1,763	1,551	1,925	3,502	3,537	2,960
Employee cost	239	225	152	211	224	66.3	86.9	110
Operating profit	-102	-4.3	121	80.6	120	449	433	283
OPM %	-8.0%	-0.3%	6.8%	5.3%	6.2%	11.7%	11.2%	8.9%
Finance cost	44.1	68.4	88.3	81.2	93.4	73.5	73.2	70.8
Depreciation	50.8	36.1	29.1	29.9	33.3	27.1	29.6	51.1
Profit before tax	-167	-55.5	37.6	-5.6	29.0	389	406	210
Tax	-19.9	-33.0	-20.5	13.2	29.6	100	107	71.1
Tax rate %	—	—	-54.6%	—	102.4%	25.8%	26.3%	33.9%
Net profit	-147	-22.5	-36.1	-18.8	-0.7	286	275	123
Profit to shareholders	0.0	-28.5	0.0	-15.0	-0.3	286	—	—
Net margin %	0.0%	-1.7%	0.0%	-1.0%	0.0%	7.4%	7.1%	3.9%
EPS (₹)	24.88	4.94	-2.96	-1.28	-0.03	22.46	20.39	9.11

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

2,23166.3329

Mar 24

2,48352925.3

Mar 25

2,456522162

Mar 26

2,573766130

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+11%-1.1%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	2,231	2,483	2,456	2,573
Long-term borrowings	37.4	24.9	170	352
Short-term borrowings	28.9	504	352	414
Total borrowings	66.3	529	522	766
Current liabilities	730	1,098	1,205	1,241
Fixed assets (PPE)	648	831	1,084	1,089
Inventories	524	523	588	612
Trade receivables	533	671	630	584
Cash & equivalents	329	25.3	162	130
Current assets	1,987	2,179	2,183	2,278
Total assets	3,229	3,762	4,039	4,345
Debt / equity	0.03	0.21	0.21	0.30

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

54.6-69.5-52.7

FY22

85.8-537724

FY24

-97.4-579372

FY25

322-133-51.7

FY26

Operations · YoY (vs a year ago)

——-214%+431%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY24	FY25	FY26
Cash from operations	54.6	85.8	-97.4	322
Cash from investing	-69.5	-537	-579	-133
Cash from financing	-52.7	724	372	-51.7
Spent on fixed assets	-102	-164	-220	-7.3
Free cash flow	-47.6	-77.7	-317	315
Net cash flow	-67.6	273	-304	137

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

42.5%Dec 23

42.5%Mar 24

40.5%Jun 24

40.5%Sep 24

40.5%Dec 24

40.5%Mar 25

40.5%Jun 25

40.5%Sep 25

40.5%Dec 25

40.5%Mar 26

40.5%Jun 26

40.5%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

40.5%promoter

Promoter & group: 40.46%
Public (FIIs, mutual funds, retail…): 59.54%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Re 1 Per ShareEx 23-Sep-2026
Dividend - Re 1 Per ShareEx 08-Sep-2025
Annual General Meeting/Dividend - Re 0.80 Per ShareEx 20-Aug-2024
Annual General Meeting/Dividend - Re 0.50 Per ShareEx 22-Sep-2023
Annual General MeetingEx 07-Sep-2022
Annual General MeetingEx 17-Sep-2021
Annual General MeetingEx 22-Dec-2020
Annual General Meeting/Dividend - Rs 0.30 Per ShareEx 11-Sep-2019

Board meetings

TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to inter-alia consider and approve the Unaudite…10-Nov-2026
the financial results for the period ended September 30, 202610-Nov-2026
TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudite…29-Oct-2026
TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudite…29-Oct-2026
the financial results for the period ended September 30, 2026 has been cancelled/postponed29-Oct-2026

Filings with NSE

Copy of Newspaper Publication12 Nov
Statement of deviation(s) or variation(s) under Reg. 3210 Nov
Monitoring Agency Report10 Nov
Outcome of Board Meeting10 Nov
Analysts/Institutional Investor Meet/Con. Call Updates10 Nov
Bagging/Receiving of orders/contracts28 Oct
Certificate under SEBI (Depositories and Participants) Regulations, 20186 Oct

Latest news

Latest freight car procurements and supplies: RWS Wagon, Titagarh Rail Systems, Jupiter Wagons, GR, ADYrollingstock · 12 Nov, 1:29 pm Railway stocks rise: Titagarh Rail shares jump 5% post-strong Q2 results; Jupiter Wagons, RVNL, others...Moneycontrol.com · 11 Nov, 12:57 pm Titagarh Rail Systems Q2 FY27 Results | Ashoka Buildcon Wins Major Expressway Construction Contract | Top Buzzing Stocks TodayEquitymaster · 12 Nov, 6:00 am Titagarh Rail Systems Q2FY27 Results: Net profit up 34% YoY to ₹63.44 crorescanx.trade · 10 Nov, 9:16 pm Jupiter Wagons, Titagarh Rail Systems secure fresh orders from Indian Railways; here’s how railway stocks reactedFortune India · 29 Oct, 12:30 pm Titagarh Rail gains 3% as Jefferies sees 5% revenue boost for wagon makerBusiness Standard · 20 Aug, 12:30 pm Titagarh Rail shares rally 16% in two days. Here's why Jefferies is bullish on this railway stockThe Economic Times · 7 Apr, 12:30 pm Q2 Results, Nov 10: Kalyan Jewellers, MRF, Cochin Shipyard, Avanti Feeds, Titagarh Rail Systems, Rentomojo, MMTC, others to post earningsUpstox · 9 Nov, 4:00 pm

About

About TITAGARH RAIL SYSTEMS LIMITED

Titagarh Rail Systems Limited (TRSL) is an Indian manufacturer of railway rolling stock and transportation systems headquartered in Kolkata, West Bengal. The company manufactures freight wagons, metro coaches, passenger trainsets, propulsion and electrical systems, railway components and other transportation equipment.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: TITAGARH RAIL SYSTEMS LIMITED
NSE symbol: TITAGARH
BSE scrip code: 532966
ISIN: INE615H01020
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 21 Apr 2008
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 13.47 crore
Index: NIFTY 500
Sector (NSE): Capital Goods
Industry: Trucks/Construction/Farm Machinery
Chair: Jagdish Prasad Chowdhary
Headquarters: Kolkata
Registered address: Titagarh Towers, 756 Anandapur, E.M Bypass, Kolkata 700107
Founded: 1997
Employees: 5,670
Financial year: April to March
Results basis: Consolidated
Website: titagarh.in

Peers

Other Capital Goods stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

India, Wall Street, crypto and commodities, live.

Every product, one clear workflow.

Built from data, on the record.

A clearer view of the markets.

Calculators and tools that show the maths.

Read the numbers, not the noise.

TITAGARH RAIL SYSTEMS LIMITED

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers