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Titagarh Rail Systems Ltd (IN:TITAGARH)
:TITAGARH
India Market
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Titagarh Rail Systems Ltd (TITAGARH) AI Stock Analysis

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IN:TITAGARH

Titagarh Rail Systems Ltd

(TITAGARH)

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Neutral 64 (OpenAI - 4o)
Rating:64Neutral
Price Target:
₹946.00
▲(6.93% Upside)
Titagarh Rail Systems Ltd's overall stock score is primarily influenced by its strong financial performance, despite cash flow challenges. Technical analysis indicates mixed momentum, and the high P/E ratio suggests potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Titagarh Rail Systems Ltd (TITAGARH) vs. iShares MSCI India ETF (INDA)

Titagarh Rail Systems Ltd Business Overview & Revenue Model

Company DescriptionTitagarh Rail Systems Limited manufactures and sells freight and passenger rail systems in India and internationally. It operates through Freight Rail Systems and Passenger Rail Systems segments. The company offers loco shells, couplers, draft gears, cast bogies, and cast manganese steel crossing products; automobile-carrying, flat, hopper, tank, box, covered, and special purpose wagons; and brake vans. It also provides passenger rolling stock products, including high speed electric loco, electric multiple unit train sets, urban metro rail systems, light rail transport, diesel electric multiple units, body shells, and bogies; and propulsion and electrical equipment, such as traction converters and power electronics, propulsion systems, auxiliary power supply products, electronic equipment, traction motors, train control and monitoring systems, and hardware and software products. In addition, the company offers re-design, maintenance, assistance and global, repair, inspection and refurbishing, systems and electrical equipment upgrade, exteriors and interiors face-lift, and power upgrading services. Further, it engages in the shipbuilding business comprising coastal research vessels, naval vessels, passenger ships, tugs, and inland water transport vessels. Additionally, the company manufactures modular panel bridges, bailey bridges, unibridges, and matière X bridges; and defense products, such as shelters, specialized wagons, EMI/EMS containers, CBRNe equipment, mine ploughs, pressure vessels, and specialized canopies. The company was formerly known as Titagarh Wagons Limited and changed its name to Titagarh Rail Systems Limited in May 2023. Titagarh Rail Systems Limited was founded in 1983 and is based in Kolkata, India.
How the Company Makes MoneyTitagarh Rail Systems Ltd generates revenue through the sale of its railway products, which include freight wagons, passenger coaches, and locomotives. The company secures contracts from both government and private sector clients, including Indian Railways and various international rail operators. Significant revenue streams include manufacturing and selling rail wagons and coaches, providing maintenance and repair services, and fulfilling defense sector contracts. Strategic partnerships and joint ventures with global companies enhance Titagarh's market reach and technological capabilities, further contributing to its earnings.

Titagarh Rail Systems Ltd Financial Statement Overview

Summary
Titagarh Rail Systems Ltd shows strong revenue and profit growth with a stable capital structure. However, cash flow challenges, including negative free cash flow growth and negative operating cash flow, pose risks to future operations.
Income Statement
80
Positive
Titagarh Rail Systems Ltd has shown strong revenue growth over the years, with a notable increase in gross profit margins. The revenue growth rate from 2024 to 2025 is modest. Net profit margin remains solid, indicating effective cost management. However, a slight decline in EBIT and EBITDA margins from 2024 suggests potential cost pressures.
Balance Sheet
75
Positive
The company's balance sheet reflects a healthy equity ratio, suggesting a strong capital structure. The debt-to-equity ratio has increased, indicating a higher leverage but still within manageable levels. Return on equity is strong, reflecting effective use of shareholders' funds.
Cash Flow
60
Neutral
Cash flow analysis reveals a concerning trend with negative free cash flow growth, primarily due to increased capital expenditures. Operating cash flow is negative, which could impact future liquidity. The free cash flow to net income ratio is unfavorable, pointing to cash flow challenges despite profitability.
BreakdownTTMDec 2025Dec 2023Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue39.15B38.68B27.80B38.53B14.68B15.21B
Gross Profit8.19B8.22B3.20B5.07B2.14B1.49B
EBITDA4.99B5.08B3.06B4.71B1.83B1.05B
Net Income2.89B2.76B1.30B2.86B-3.28M-149.97M
Balance Sheet
Total Assets0.0037.62B23.29B32.16B26.79B24.74B
Cash, Cash Equivalents and Short-Term Investments5.71B4.67B999.83M6.09B420.56M1.24B
Total Debt0.006.27B3.53B1.66B9.20B8.47B
Total Liabilities-23.54B12.78B13.65B9.98B18.37B16.33B
Stockholders Equity23.54B24.83B9.64B22.18B8.42B8.41B
Cash Flow
Free Cash Flow0.00-3.67B-418.85M-777.30M-1.06B-533.66M
Operating Cash Flow0.00-1.31B-51.44M857.93M-38.75M66.27M
Investing Cash Flow0.00-6.08B-506.57M-5.37B-731.11M-745.24M
Financing Cash Flow0.004.36B1.02B7.24B93.89M1.07B

Titagarh Rail Systems Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price884.70
Price Trends
50DMA
871.45
Positive
100DMA
887.66
Negative
200DMA
896.70
Negative
Market Momentum
MACD
10.35
Positive
RSI
47.54
Neutral
STOCH
8.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TITAGARH, the sentiment is Negative. The current price of 884.7 is below the 20-day moving average (MA) of 898.96, above the 50-day MA of 871.45, and below the 200-day MA of 896.70, indicating a neutral trend. The MACD of 10.35 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 8.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TITAGARH.

Titagarh Rail Systems Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
₹175.24B58.6310.13%0.50%-2.17%4.39%
69
Neutral
₹225.05B36.8510.67%0.65%10.78%50.46%
68
Neutral
₹119.43B30.9414.57%3.06%-7.20%-9.49%
67
Neutral
₹55.43B25.278.91%0.54%31.87%40.23%
65
Neutral
₹159.61B23.8911.50%1.56%-13.80%-30.87%
64
Neutral
₹118.48B49.600.11%-5.24%-21.43%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:TITAGARH
Titagarh Rail Systems Ltd
884.70
-302.63
-25.49%
IN:BEML
BEML Limited
4,062.35
413.82
11.34%
IN:IRCON
IRCON International Ltd.
169.50
-51.96
-23.46%
IN:KEC
KEC International Ltd.
835.70
-207.81
-19.91%
IN:RITES
RITES Ltd.
248.25
-76.42
-23.54%
IN:TEXRAIL
Texmaco Rail & Engineering Limited
137.30
-71.97
-34.39%

Titagarh Rail Systems Ltd Corporate Events

Titagarh Rail Systems Ltd Announces 28th AGM and Key Business Resolutions
Aug 24, 2025

Titagarh Rail Systems Ltd has announced its 28th Annual General Meeting (AGM) scheduled for September 15, 2025, which will be conducted through video conferencing. The AGM will address key business items including the adoption of audited financial statements, re-appointment of directors, declaration of dividends, and approval of remuneration for non-executive directors. This meeting signifies the company’s commitment to maintaining transparency and engaging with stakeholders, reflecting its strategic focus on governance and operational efficiency.

Titagarh Rail Systems Schedules Virtual AGM and Sets Dividend Record Date
Aug 24, 2025

Titagarh Rail Systems Ltd has announced its 28th Annual General Meeting (AGM) will be held on September 15, 2025, via video conferencing. The company has set September 8, 2025, as the record date for determining shareholder eligibility for dividend payments and voting rights at the AGM, with e-voting facilitated by NSDL.

Titagarh Rail Systems Ltd Announces 28th AGM Details and E-Voting Schedule
Aug 24, 2025

Titagarh Rail Systems Ltd has announced the details of its 28th Annual General Meeting (AGM) for the fiscal year 2024-25, scheduled for September 15, 2025, to be held via video conferencing. The company has also outlined the book closure dates and e-voting details, highlighting its commitment to facilitating shareholder participation and transparency in its operations.

Titagarh Rail Systems Ltd Expands with New Subsidiary and Strategic Initiatives
Aug 11, 2025

Titagarh Rail Systems Ltd announced the establishment of a new wholly-owned subsidiary, Titagarh Naval Systems Private Limited, to enhance its focus on shipbuilding and maritime systems. This strategic move aims to unlock the full potential of its SMS business by creating a dedicated structure and attracting strategic investors. Additionally, the company approved its unaudited financial results for the quarter ended June 30, 2025, and is exploring growth strategies for its Defense and Bridges business, including potential partnerships.

Titagarh Rail Systems Ltd EGM Resolution Passed Successfully
Aug 9, 2025

Titagarh Rail Systems Ltd announced the results of its Extraordinary General Meeting held on August 8, 2025, where a resolution was passed with the requisite majority. The voting results and the scrutinizer’s report are available on the company’s website, indicating a successful conclusion to the meeting, which may impact the company’s strategic decisions and stakeholder interests.

Titagarh Rail Systems Secures Major Mumbai Metro Contract
Aug 3, 2025

Titagarh Rail Systems Ltd has secured a significant contract from NCC Limited for the Mumbai Metro Rail Project, valued at approximately INR 1598.55 Crores. This contract involves the design, manufacture, supply, and commissioning of 108 metro coaches, along with a comprehensive maintenance plan, enhancing Titagarh’s position in the rail industry and potentially impacting its operational growth and market presence.

Titagarh Rail Systems to Raise Rs. 199.99 Crores via Convertible Warrants
Jul 9, 2025

Titagarh Rail Systems Ltd has announced its decision to raise funds by issuing up to 21,16,402 warrants, convertible into equity shares, to its promoter group on a preferential basis, amounting to Rs. 199.99 Crores. This strategic move, subject to necessary approvals, aims to strengthen the company’s capital structure and enhance its market positioning, with an Extra-Ordinary General Meeting scheduled for August 8, 2025, to seek shareholder approval.

Titagarh Rail Systems to Raise Rs. 199.99 Crores via Convertible Warrants
Jul 9, 2025

Titagarh Rail Systems Ltd announced the approval of a preferential issue of 21,16,402 convertible warrants to raise approximately Rs. 199.99 crores. This strategic move is aimed at strengthening the company’s capital base, with the issuance directed towards the promoter category, specifically Mrs. Rashmi Chowdhary and Mr. Prithish Chowdhary. The funds raised are expected to support the company’s growth initiatives and enhance its competitive positioning in the rail industry. An Extra-Ordinary General Meeting is scheduled for August 8, 2025, to seek shareholder approval for this issuance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 27, 2025