| Management target | Revenue 2028-2029 |
|---|
| Revenue growth | PRS revenue up ~400% YoY; total order book INR 26,635 Cr. |
|---|---|
| Margins | Aiming for steady-state margins in wheel JV similar to standard forging. |
| Order book | INR 13,335 Cr (Standalone); INR 10,395 Cr is PRS segment. |
| Demand visibility | Strong for passenger rail; waiting for larger Indian Railways wagon tender. |
| Management confidence | High confidence in ramping up PRS; confident in meeting execution plans. |
Growth
PRS revenue grew ~400% YoY to INR 230 Cr. Wagon dispatches were muted at 1,284 units due to order visibility.
Outlook
Targeting 45-50 coaches/quarter in FY27; total standalone order book at INR 13,335 Cr; total including JV INR 26,635 Cr.
Risks
Potential delays in Indian Railway wagon tenders and execution of long-term metro prototypes.
Earnings Call Transcript 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.