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/E | 46.31 |
| Book Value | ₹ 103 |
| Dividend | 0.05 % |
| ROCE | 17.6 % |
| ROE | 13.9 % |
| Face Value | ₹ 2.00 |
| P/B Value | 9.32 |
| OPM | 11.2 % |
| EPS | ₹ 20.3 |
| Debt | ₹ 362 Cr. |
| Debt to Equity | 0.26 |
Titagarh Rail Systems Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1300 | ₹ 1800 |
| 2025 | ₹ 2100 | ₹ 2300 |
| 2026 | ₹ 2400 | ₹ 2500 |
| 2027 | ₹ 2700 | ₹ 2770 |
| 2028 | ₹ 2800 | ₹ 2856 |
| 2029 | ₹ 2900 | ₹ 3000 |
| 2030 | ₹ 3100 | ₹ 3245 |
Titagarh Rail Systems Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 47.82% |
| Mar 2023 | 47.82% |
| June 2023 | 47.82% |
| Sept 2023 | 44.97% |
| Dec 2023 | 42.47% |
| FII Holding | |
| Dec 2022 | 5.27% |
| Mar 2023 | 6.07% |
| June 2023 | 7.05% |
| Sept 2023 | 16.85% |
| Dec 2023 | 20.04% |
| DII Holding | |
| Dec 2022 | 6.78% |
| Mar 2023 | 6.61% |
| June 2023 | 9.68% |
| Sept 2023 | 10.45% |
| Dec 2023 | 12.27% |
| Govt. Holding | |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.01% |
| Public Holding | |
| Dec 2022 | 40.10% |
| Mar 2023 | 39.48% |
| June 2023 | 35.43% |
| Sept 2023 | 27.73% |
| Dec 2023 | 25.22% |
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 |
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:
| 2019 | 1.07 |
| 2020 | 0.95 |
| 2021 | 1 |
| 2022 | 1.02 |
| 2023 | 0.26 |
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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