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Titagarh Rail Systems

Freight wagons + metro trains + naval boats. FY26 revenue dip on wagon order gap; Vande Bharat + metro pipeline is the story.

Order book · ₹12K Cr+ order book incl. metro + wagons

Sell / Avoid
₹873
Mkt cap ₹11.8K Cr
P/E
73.6x
P/B
4.8x
ROCE
10.6%
ROE
6.5%
Div yield
0.12%
52W high
₹971
52W low
₹569
Promoter
40.5%
Score bridge (derived from real data)
Fundamental
35
Valuation
59
Technical
67
Moat (curated)
60

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹569now ₹873₹971
76/100
Technical rating B+
Price · 2 years · SMA 50/200 · as of 2026-07-20
UpMACD BearishGolden cross
RSI-14
RSI-14
52
vs SMA-50
2.6%
vs SMA-200
8.0%
1Y return
-7.5%
Ann. vol
36%
Max DD 1Y
-40%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Rail & Mobility
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Titagarh Rail Systems ◄₹11.8K Cr73.6x10%10.6%4.6%-0.8%0.25x52
Jupiter Wagons₹10.8K Cr58.7x12%9.2%12.1%11.1%0.33x46

Financial statements

Source: Screener.in
Sales 3Y CAGR
4.6%
PAT 3Y CAGR
-0.8%
OPM (latest)
10.0%
PAT margin
3.9%
D / E
0.25x
CFO / PAT
2.62x
EV / EBITDA
37.4x
FCF yield
1.6%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—89.4%38.6%0.4%-17.6%
PAT growth YoY %—12,700.0%127.0%-3.8%-55.3%
OPM %11%9%12%11%10%
PAT margin %-0.1%4.5%7.4%7.1%3.9%
ROE % (PAT / net worth)-0.1%13.1%12.9%11.1%5.0%
D / E (x)1.090.370.070.250.25
Asset turnover (x)0.551.241.201.030.79
CFO / PAT (x)—0.330.30-0.352.62
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales1,4682,7803,8533,8683,186
Operating profit165251449409331
OPM %11%9%12%11%10%
Net profit-1126286275123
EPS ₹-0.0310.8921.2520.529.13
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales9021,006679799
OPM %10%2%9%9%
PAT63-1243137
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity2424272727
Reserves8189402,1912,4562,429
Borrowings920353166627623
Total assets2,6642,2483,2163,7614,039
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating554186-97322
Investing-73-61-537-579-133
Financing-5367724372-52
Shareholding
Promoters
40.5%
FII
10.9%
DII
15.4%
Public
33.3%
Mkt cap
₹11.8K Cr
P/E
73.6x
52W range
₹569–971