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Huge Order For 250 Special Wagons For Defence Ministry; Share May Jump After News

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Titagarh Rail Systems Ltd (NSE: TITAGARH): Titagarh Rail has received the request for the production and supply of 250 custom wagons from the Defence Ministry. 

The amount of the contract is around Rs 170 crore. The contract will commence 12 months from the date of signing and will be concluded within 36 months.

In the last month, the Kolkata-based company teamed up together with the Delhi-based Amber Group for the Kelway subsystem and component business. 

In the wake of this collaboration, changes are expected to be visible in Titagarh Rail’s share price when it opens for trading on Monday.

The share of Titagarh Railways closed at Rs 953.70 on the NSE on Friday, registering an increase of 0.53 percent. 

The stock has fallen by 11.60 percent in just one month while it has grown by 44.13 percent over the past six months. 

The stock has increased 104.04 percent over one year. The market capitalization for the firm is 12,881.55 crore.

The companies set up a Special Purpose Vehicle (SPV) to expand their operations in India in addition to Europe.

Umesh Chaudhary, Vice Chairman and Director for Titagarh Rail Systems said that the deal was created to create new opportunities for Titagarh Rail Systems in Europe. 

The primary focus will be on manufacturing trains and subsystems within India as well as the European Union (EU).

About Titagarh Rail Systems Ltd 

Titagarh Rail Systems Ltd manufactures and distributes railroad wagons. This includes Freight Wagons and Passenger Coaches. 

It also includes Metro Trains and Train Electricals. It is a leading provider of comprehensive mobile solutions. 

The company specializes in creating cutting-edge transport solutions such as semi-high-speed rails, urban metros, and passenger coaches. 

They also produce propulsion equipment and a variety of wagons. The group is active in India and other parts of the world. 

The company manufactures foundry products such as bogies and couplers as well as big gears up to 4 meters in diameter. 

It also produces automotive and mining castings. The company was founded in 1997 in Kolkata.

Fundamental Analysis of Titagarh Rail Systems Ltd 

Market Cap₹ 12,898 Cr.
Current Price₹ 953.70
52-wk High₹ 1,248.90
52-wk Low₹ 432.90
Stock P/E46.31
Book Value₹ 103
Dividend0.05 %
ROCE17.6 %
ROE13.9 %
Face Value₹ 2.00
P/B Value9.32
OPM11.2 %
EPS₹ 20.3
Debt₹ 362 Cr.
Debt to Equity0.26

Titagarh Rail Systems Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1300₹ 1800
2025₹ 2100₹ 2300
2026₹ 2400₹ 2500
2027₹ 2700₹ 2770
2028₹ 2800₹ 2856
2029₹ 2900₹ 3000
2030₹ 3100₹ 3245
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Titagarh Rail Systems Ltd Shareholding Pattern

Promoters Holding
Dec 202247.82%
Mar 202347.82%
June 202347.82%
Sept 202344.97%
Dec 202342.47%
FII Holding
Dec 20225.27%
Mar 20236.07%
June 20237.05%
Sept 202316.85%
Dec 202320.04%
DII Holding
Dec 20226.78%
Mar 20236.61%
June 20239.68%
Sept 202310.45%
Dec 202312.27%
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Govt. Holding
Dec 20220.01%
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
Public Holding
Dec 202240.10%
Mar 202339.48%
June 202335.43%
Sept 202327.73%
Dec 202325.22%

Titagarh Rail Systems Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,559 Cr
2020₹ 1,766 Cr
2021₹ 1,521 Cr
2022₹ 1,468 Cr
2023₹ 3,775 Cr
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Last 5 Years’ Net Profit:

2019₹ -23 Cr
2020₹ -36 Cr
2021₹ -19 Cr
2022₹ -1 Cr
2023₹ 255 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.07
20200.95
20211
20221.02
20230.26

Last 10 Years’ Profit Growth:

10 Years:19%
5 Years:24%
3 Years:76%
Current Year:135%

Last 10 years’ Return on Equity (ROE):

10 Years:-1%
5 Years:1%
3 Years:4%
Last Year:14%

Sales Growth Over 10 Years:

10 Years:14%
5 Years:17%
3 Years:16%
Current Year:69%

Conclusion

This article is a complete guide about Titagarh Rail Systems Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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