The global rail freight market size grew from $258.77 billion in 2022 to $273.23 billion in 2023 at a CAGR of 5.6%. India has the fourth largest railway system in the world that moves 33 percent of the total freight in the country.
It is rapidly progressing to accomplish 100 percent electrification and become the largest green railway network in the world. The Indian railways consists of a total track length of 1,26,366 km with 7,335 stations.
Multibagger stocks are the companies that have delivered returns of more than 100 percent in a span of one year.
There are 3 railway stocks that have delivered multibagger returns in a year.
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Ltd is Large-cap stock with a market capitalization of Rs. 99,451 Cr. At 12:00 p.m the shares of the company were trading at Rs. 76 up by 6.80 percent from its previous day close price.
The company has delivered multibagger returns of 175 percent in the last six months and 255 percent in a year. A shareholders investment of Rs. 1 lakh would be worth 3.55 lakh in a year.
The company’s revenue increased by 17.69 percent from 20,299 Cr in FY22 to 23,891 Cr in FY23, accompanied by increasing profits of 6,089 Cr to 6,337 Cr.
Indian Railway Finance Corporation is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas Capital Markets for supporting infrastructure development of Indian Railways, to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease.
IRCON International Limited
Ircon International Limited is a small-cap stock with a market capitalization of Rs. 12,900 Cr. At 12:30 p.m the shares of the company were trading at Rs. 137 up by 3 percent from its previous day close price.
The company has delivered multibagger returns of 137 percent in six months and 210 percent in a year. A shareholders investment of Rs. 1 lakh would be worth 3.10 lakh in a year.
The company’s revenue increased by 40.49 percent from 7,379.67 Cr in FY22 to 10,367.93 Cr in FY23, accompanied by increasing profits of 592.27 Cr to 765.23 Cr.
IRCON International is a specialised Constructions organisation under the ministry of railways, it covers the entire spectrum of construction activities and services in the Infrastructure sector. It has its operations in domestic as well as foreign countries.
Texmaco Rail & Engineering
Texmaco Rail & Engineering is a small-cap stock with a market capitalization of Rs. 4,121 Cr. At 12:35 p.m the shares of the company were trading at Rs. 128 up by 3 percent from its previous day close price.
The company has delivered multibagger returns of 180 percent in the last six months and 157 percent in a year. A shareholder’s investment of Rs. 1 lakh would be worth 2.57 lakh in a year.
The company’s revenue increased by 38.33 percent from 1,621.74 Cr in FY22 to 2,243.28 Cr in FY23, accompanied by decreasing profits of 12.22 Cr to 11.53 Cr.
Texmaco Rail & Engineering Ltd is an engineering infrastructure company, it is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures.
Written by: Bharath K.S
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