In Tuesday’s trading session, shares of one of the leading railway stock, specialising in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Heavy Earthmoving and Mining Equipments and more, jumped 5 percent upon delivery of first driverless “Made in India” trainset to BMRCL’s Yellow Line
Price action
With a market capitalization of Rs. 14,639 crores on Tuesday, the shares of Titagarh Rail Systems Limited were trading at Rs.1,105.90 up by 4.6 percent making a high of Rs. 1,137.95 per share compared to its previous closing price of Rs. 1,087.95 per share.
What happened
Titagarh Rail Systems Limited, specializing in the manufacturing and selling of freight wagons, passenger coaches, metro trains, heavy earthmoving and mining equipment, and more, has handed over its first driverless, Made-in-India trainset to the Bengaluru Metro Rail Corporation (BMRCL) for the Yellow Line.
The trainset is set to operate on an 18-km line, connecting the Electronics City technology and business hub to the rest of the city. This stainless steel, automated trainset is the first Made-in-India passenger rolling stock to run on this stretch.
Titagarh Rail Systems Limited will deliver two more trainsets to the Yellow Line by April this year. The Company will then ramp up production, delivering two trains a month by September, 2025.
The trainset incorporates advanced automation that enables it to operate in driverless mode. These trainsets operate in Driverless (GOA4) mode, boosting efficiency with advanced automation. The sleek design combines modern interiors, reduced power consumption, enhanced sustainability, and world-class safety features for a seamless and secure passenger experience.
About the company
Titagarh Rail Systems Limited, part of the Titagarh Group, is a leading manufacturer and supplier in the Indian rail industry, recognized for its high-quality products and cutting-edge technology. The company specializes in a diverse range of products, including freight wagons, passenger coaches, metro trains, and heavy earthmoving and mining equipment.
The company’s manufacturing facilities are equipped with modern machinery, enabling the production of customized solutions that meet international standards. Additionally, Titagarh Rail Systems is committed to playing a pivotal role in India’s modernization of rail and metro infrastructure, contributing to smart city projects and the development of driverless metro systems.
The company has four Manufacturing Facilities which produces 12,000 wagons and 300 coaches per year and also holds 25 to 30 percent Market share in Wagons Manufacturing.
Orderbook Breakup (H1 FY25)
Titagarh Rail Systems Limited’s total order book stands at Rs 12,207 crore, with Rs 5,359 crore (44 percent) allocated to Freight Rolling Stock and Rs 6,848 crore (56 percent) to Passenger Rolling Stock. This diverse order pipeline underscores the company’s strong presence in both freight and passenger transportation sectors
Shareholding Pattern
Titagarh Rail Systems Limited’s ownership is divided as follows: promoters hold 40.46 percent, Foreign Institutional Investors (FIIs) have 16.33 percent, Domestic Institutional Investors (DIIs) own 13.94 percent, and the public holds 29.27 percent. This diverse ownership reflects strong investor confidence in the company’s growth prospects.
Financials
The company’s revenue rose by 13.3 percent from Rs 942.15 crore to Rs 1,067.67 crore in Q2FY24-25. Meanwhile, Net profit gained from Rs 70.59 crores to Rs 80.69 crore during the same period.
Key Financial ratios
Titagarh Rail Systems Limited has an Return on Equity (RoE) of 12.8 percent and a Return on Capital Employed (RoCE) of 15.93 percent. Furthermore, the company’s debt-to-equity ratio is 0.21.
Written by Sridhar J
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