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Titagarh Rail Systems Ltd
(TITAGARH)
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Rating:59Neutral
Price Target:
₹911.00
▲(11.13% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by improving but uneven financial performance—profitability has turned positive and leverage is manageable, but FY2026 margins/ROE weakened and free cash flow remains negative. Technicals are supportive with price above major moving averages and moderate momentum. Valuation is the main drag due to a high P/E and very low dividend yield.
Positive Factors
Diversified rail manufacturing model
The company operates across passenger and freight rolling stock and related rail systems, giving it more than one product avenue within railway equipment. Its contract-based manufacturing model can support repeat project activity and follow-on lifecycle services where applicable.
Negative Factors
Recent revenue contraction
The recent revenue decline shows that the company’s earlier scale-up has not translated into a consistently rising top line. Continued contraction would reduce operating leverage, make capacity utilization harder to sustain, and increase dependence on the timing of large rail contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified rail manufacturing model
The company operates across passenger and freight rolling stock and related rail systems, giving it more than one product avenue within railway equipment. Its contract-based manufacturing model can support repeat project activity and follow-on lifecycle services where applicable.
Read all positive factors
Titagarh Rail Systems Ltd (TITAGARH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹115.69B
Dividend Yield0.12%
Average Volume (3M)55.44K
Price to Earnings (P/E)59.4
Beta (1Y)1.88
Revenue Growth-10.22%
EPS Growth-19.79%
CountryIN
Employees870
SectorGeneral
Sector StrengthN/A
IndustryRailroads
Share Statistics
EPS (TTM)14.17
Shares Outstanding134,673,770
10 Day Avg. Volume95,362
30 Day Avg. Volume55,437
Financial Highlights & Ratios
PEG Ratio-1.13
Price to Book (P/B)3.16
Price to Sales (P/S)2.43
P/FCF Ratio-142.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19.93
Revenue Forecast (FY)₹41.26B
Titagarh Rail Systems Ltd Business Overview & Revenue Model
Company Description
Titagarh Rail Systems Limited, an Indian company established in 1983 and based in Kolkata, is a global manufacturer and supplier of comprehensive rail transportation solutions for both freight and passenger sectors. The company operates through tw...
How the Company Makes Money
Titagarh Rail Systems makes money primarily by executing manufacturing and supply contracts for rail rolling stock and associated components/systems. Its core revenue streams typically include (1) sale of freight wagons and related wagon component...
Titagarh Rail Systems Ltd Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.72B | 31.86B | 38.68B | 38.53B | 27.80B | 14.68B |
| Gross Profit | 7.03B | 7.03B | 8.22B | 5.07B | 3.20B | 2.14B |
| EBITDA | 3.84B | 3.48B | 5.08B | 4.71B | 3.06B | 1.83B |
| Net Income | 1.91B | 1.23B | 2.76B | 2.86B | 1.30B | -3.28M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 40.39B | 37.62B | 32.16B | 23.29B | 26.79B |
| Cash, Cash Equivalents and Short-Term Investments | 3.17B | 2.17B | 4.88B | 6.09B | 999.83M | 418.26M |
| Total Debt | 0.00 | 6.23B | 6.27B | 1.66B | 3.53B | 9.20B |
| Total Liabilities | -24.57B | 15.82B | 12.78B | 9.98B | 13.65B | 18.37B |
| Stockholders Equity | 24.57B | 24.56B | 24.83B | 22.18B | 9.64B | 8.42B |
Cash Flow | ||||||
| Free Cash Flow | -177.40M | -545.80M | -3.67B | -777.30M | -418.85M | -1.06B |
| Operating Cash Flow | 1.85B | 3.14B | -1.31B | 857.93M | -51.44M | -38.75M |
| Investing Cash Flow | -1.32B | -1.86B | -6.08B | -5.37B | -506.57M | -731.11M |
| Financing Cash Flow | -391.40M | 90.20M | 4.36B | 7.24B | 665.26M | -527.06M |
Titagarh Rail Systems Ltd Technical Analysis
Negative
819.75
Price Trends
843.47
Negative
836.27
Positive
796.15
Positive
Market Momentum
6.13
Negative
48.24
Neutral
49.07
Neutral
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 819.75 is below the 20-day moving average (MA) of 845.29, below the 50-day MA of 843.47, and above the 200-day MA of 796.15, indicating a neutral trend. The MACD of 6.13 indicates Negative momentum. The RSI at 48.24 is Neutral, neither overbought nor oversold. The STOCH value of 49.07 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹101.29B | 24.12 | ― | 3.80% | 10.62% | 8.14% | |
61 Neutral | ₹14.51B | 160.62 | ― | 0.13% | 5.51% | ― | |
59 Neutral | ₹115.69B | 59.43 | ― | 0.12% | -10.22% | -19.79% | |
59 Neutral | ₹169.07B | 94.42 | ― | 0.27% | 12.78% | -40.29% | |
56 Neutral | ₹47.91B | 22.06 | ― | 0.64% | -14.32% | -2.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹103.21B | 63.72 | ― | 0.41% | -11.73% | -48.71% |
* General Sector Average
IN:TITAGARH
Titagarh Rail Systems Ltd
842.85
-104.85
-11.06%
IN:BEML
BEML Limited
2,024.05
-159.08
-7.29%
IN:JWL
Jupiter Wagons Limited
239.35
-105.30
-30.55%
IN:RITES
RITES Ltd.
209.10
-57.28
-21.50%
IN:TEXINFRA
Texmaco Infrastructure & Holdings Limited
115.85
19.26
19.93%
IN:TEXRAIL
Texmaco Rail & Engineering Limited
117.90
-31.00
-20.82%
Titagarh Rail Systems Ltd Corporate Events
Titagarh Rail Systems Opens New Design and Operations Hub in West Bengal
Aug 21, 2026
Titagarh Rail Systems Limited has inaugurated a new Design Operations Centre at its Passenger Rail Systems facility in Uttarpara, West Bengal, in the presence of senior state ministers for industry, commerce, labour and transport. The centre is i...
Titagarh Rail Systems Publishes Q1 FY2026 Unaudited Results
Aug 14, 2026
Titagarh Rail Systems Ltd has published its unaudited financial results for the quarter ended 30 June 2026 and has released the figures via newspaper advertisements. The disclosure, carried in the Financial Express and Bengali daily Ekdin and mirr...
Titagarh Rail Notifies Shareholders on Transfer of Unclaimed Shares to IEPF
Jun 23, 2026
Titagarh Rail Systems Ltd has notified stock exchanges that it has published newspaper notices to shareholders regarding the transfer of shares to the Investor Education and Protection Fund Authority. The transfer relates to shares associated with...
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.