The shares of this multibagger railway stock was up by 3 percent after it bagged orders worth 857 Cr from gujarat metro rail corporation (GMRC).
At 9:40 a.m the shares of Titagarh Rail Systems were trading at Rs. 775 up by 3 percent from its previous day close price and the market capitalization of the company is 9,901 Cr.
As per the company’s filing, Titagarh Rail Systems has signed a contract with Gujarat Metro Rail Corporation Limited (GMRC) for Design, Manufacture, Supply, Testing, Commissioning and Training of 72 standard gauge cars for the Surat Metro Rail Phase I Project.
The order value for the contract is approximately 857 Cr, the execution of the contract is slated to commence 76 weeks after signing the contract and is expected to be completed in 132 weeks thereafter. The Surat Metro Rail Project encompasses two corridors spanning a total of 40.45 kilometres with 38 stations and an estimated cost of INR 12,020 crores.
Titagarh Rail systems has delivered a multibagger returns of 184 percent in the last six months and 400 percent in one year. A shareholder’s investment of 1 lakh in the company would be worth 5 lakh in one year.
The company’s revenue has increased by 89.41 percent from 1,467.5 Cr in FY22 to 2,779.59 Cr in FY23, accompanied by increasing profits of 77.8 Cr to 134.63 Cr.
The company has reported a return on equity (ROE) of 14.91 percent and return on capital employed (ROCE) of 18.58 percent , this indicates that the company is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 47.82 percent stake, the Domestic Institutional Investors hold 9.69 percent and the Foreign Institutional Investors (FII) hold 7.05 percent.
Titagarh Rail Systems Limited (TRSL) is one of the largest private sector manufacturer of railway wagons and an established player in passenger coaches, it offers mobility solutions with its prominent presence in both the Passenger and Freight Rail Systems including railway wagons, components, passenger coaches (EMU/MEMU) and Metro Coaches.
Written by: Bharath K.S
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