Titagarh Rail Systems Ltd

Titagarh Rail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Titagarh Rail Systems Ltd

₹ 783 -2.57%
21 Feb - close price
titagarh.in BSE: 532966 NSE: TITAGARH
About

Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited), incorporated in 1997, is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets.[1]

Key Points

Market Position
It is the only Indian company that manufactures both wagons and coaches. It commands a market share of 25-30% in the wagon manufacturing industry. [1]

Website BSE NSE
  • Market Cap ₹ 10,546 Cr.
  • Current Price ₹ 783
  • High / Low ₹ 1,897 / 748
  • Stock P/E 34.2
  • Book Value ₹ 176
  • Dividend Yield 0.10 %
  • ROCE 25.4 %
  • ROE 18.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 33.4% CAGR over last 5 years
  • Company's median sales growth is 38.6% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -6.55%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

Part of BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE Capital Goods Nifty Smallcap 100 Nifty Smallcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
386 422 434 606 766 974 911 935 955 1,052 903 1,057 902
340 378 393 551 694 879 805 820 844 932 801 928 802
Operating Profit 46 45 41 55 73 95 106 115 111 120 102 129 100
OPM % 12% 11% 9% 9% 9% 10% 12% 12% 12% 11% 11% 12% 11%
2 -10 9 -30 10 8 10 7 14 15 12 11 22
Interest 17 16 16 20 23 22 19 20 18 16 13 17 21
Depreciation 5 6 5 5 5 6 7 7 7 7 7 8 6
Profit before tax 26 13 29 -0 55 75 90 95 100 112 94 115 95
Tax % 28% 49% 21% 6,506% 28% 29% 25% 25% 25% 26% 25% 26% 28%
19 7 23 -12 39 53 68 71 75 83 71 85 69
EPS in Rs 1.55 0.55 1.93 -0.99 3.28 4.43 5.65 5.57 5.57 6.19 5.30 6.32 5.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
499 261 376 311 349 314 1,060 1,484 1,026 1,496 2,781 3,853 3,915
469 268 346 315 331 316 999 1,355 906 1,327 2,516 3,401 3,463
Operating Profit 30 -6 30 -4 18 -2 62 129 119 168 264 452 451
OPM % 6% -2% 8% -1% 5% -1% 6% 9% 12% 11% 10% 12% 12%
29 25 1 7 24 23 -93 -144 16 -30 -2 46 60
Interest 15 6 6 5 4 9 39 65 55 57 81 73 67
Depreciation 7 7 9 12 12 13 16 18 16 18 22 27 28
Profit before tax 37 6 15 -14 26 -1 -87 -98 64 63 159 397 417
Tax % 36% 37% 34% -35% 27% -468% -36% -19% 22% 47% 35% 25%
24 4 10 -9 19 3 -55 -80 50 33 103 297 309
EPS in Rs 2.38 0.37 0.98 -0.78 1.67 0.25 -4.79 -6.91 4.21 2.80 8.65 22.05 22.93
Dividend Payout % 34% 213% 16% -103% 48% 119% -6% 0% 0% 0% 6% 4%
Compounded Sales Growth
10 Years: 31%
5 Years: 29%
3 Years: 55%
TTM: 4%
Compounded Profit Growth
10 Years: 55%
5 Years: 33%
3 Years: 86%
TTM: 16%
Stock Price CAGR
10 Years: 21%
5 Years: 77%
3 Years: 106%
1 Year: -21%
Return on Equity
10 Years: 8%
5 Years: 12%
3 Years: 14%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 20 23 23 23 23 23 24 24 24 27 27
Reserves 619 613 610 852 872 867 873 793 848 846 939 2,201 2,346
56 64 15 13 43 99 299 212 104 198 353 166 498
136 99 117 121 140 194 448 409 442 617 710 832 709
Total Liabilities 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,026 3,226 3,580
100 117 113 299 307 302 590 586 575 678 732 748 828
CWIP 18 4 2 2 5 16 19 0 16 0 12 175 156
Investments 145 177 216 233 363 384 158 104 133 60 45 213 264
569 498 430 475 403 481 877 747 693 947 1,238 2,090 2,331
Total Assets 832 796 762 1,009 1,078 1,183 1,643 1,437 1,418 1,685 2,026 3,226 3,580

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12 24 91 -44 -28 28 -94 296 226 35 62 93
45 -13 -45 -75 3 -67 22 -143 -39 -59 -77 -531
-56 -4 -63 115 28 37 70 -145 -147 -22 50 724
Net Cash Flow -22 7 -18 -4 3 -2 -1 8 40 -46 34 286

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 68 73 84 115 122 64 39 50 48 37 50
Inventory Days 274 535 222 258 278 272 152 70 99 106 78 64
Days Payable 69 45 65 67 68 76 162 72 67 78 55 39
Cash Conversion Cycle 283 559 230 274 325 318 54 37 82 77 60 75
Working Capital Days 225 357 171 239 260 327 133 88 90 49 47 64
ROCE % 7% 2% 6% 1% 3% 0% 7% 11% 11% 16% 24% 25%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
47.05% 47.26% 47.26% 47.82% 47.82% 47.82% 44.97% 42.47% 42.46% 40.46% 40.46% 40.46%
4.85% 4.63% 4.82% 5.27% 6.07% 7.05% 16.85% 20.04% 17.27% 19.56% 16.32% 13.67%
7.73% 7.37% 7.00% 6.78% 6.61% 9.68% 10.45% 12.27% 13.72% 14.13% 13.94% 15.01%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
40.36% 40.73% 40.91% 40.10% 39.48% 35.43% 27.73% 25.22% 26.53% 25.83% 29.25% 30.86%
No. of Shareholders 1,09,7731,08,8391,04,8311,04,9001,07,8451,41,5611,91,9102,24,2052,92,3953,62,2034,61,4425,15,638

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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