| Revenue growth | FY26 revenue down 16% YoY; Passenger segment up 111%. |
|---|---|
| Margins | Passenger EBIT margin improved significantly to 14.27% from 8.27%. |
| Order book | Standalone: ₹14,240cr; JV share: ₹13,300cr. |
| Demand visibility | Strong; Total order book at ₹27,540cr (including JVs). |
| Management confidence | Strong outlook for FY27 coach ramp-up and Vande Bharat. |
Growth
FY26 Consolidated Revenue down ~16% YoY to ₹3,143cr; Passenger Rail segment revenue surged 111% YoY to ₹539cr.
Outlook
Targeting 200+ coaches in FY27; Vande Bharat deliveries start FY27. ₹600cr capex for Falta shipyard brownfield expansion.
Risks
Supply chain constraints in wheelsets and West Asia issues impacted Freight segment delivery and revenue.
Earnings Call filed with BSE, NSE: TITAGARH. Summary written with AI assistance from the document.
Titagarh Rail Systems Ltd: key numbers
- Share price
- ₹822.60
- Market cap
- ₹11,078 Cr
- Revenue (annual)
- ₹3,186 Cr
- Net profit (annual)
- ₹122.8 Cr
- P/E (TTM)
- 58.0×Sector 33.6×
- Promoter holding
- 40.46%+0.00% QoQ
- FII holding
- 10.87%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Titagarh Rail Systems Ltd
All →Titagarh Rail Systems Merger & Restructuring Worth ₹0.5 Cr
Titagarh Rail Systems is forming a 50:50 Joint Venture with BHEL to maintain Vande Bharat trainsets. The JV has an initial paid-up capital of ₹0.50 Crore.
- Value
- ₹0.50 Cr
Titagarh Rail Systems Merger & Restructuring
Titagarh Rail Systems and BHEL signed a Joint Venture Agreement to form a company for maintaining 80 Vande Bharat trainsets for Indian Railways.
- Execution
- 35 years
Titagarh Rail Systems Other Announcement
Titagarh Rail Systems informed the exchange that it has dispatched letters to shareholders providing the web-link to the Annual Report 2025-26 and requesting KYC updates.
Titagarh Rail Systems Annual General Meeting
Titagarh Rail Systems convened its 29th AGM for September 30, 2026, to approve FY25-26 results and a Re. 1 dividend. Director re-appointments also feature.
Titagarh Rail Systems Annual Report
Titagarh Rail Systems filed its Annual Report for FY 2025-26 along with the 29th AGM notice. No new transaction is announced in this filing.
Titagarh Rail Systems Board Meeting Outcome
Titagarh Rail Systems approved its Deputy MD's re-appointment, scheduled its 29th AGM, fixed a dividend record date, and decided to close a non-operational joint venture.