A company’s order book can provide insights into its operational performance, goodwill, future prospects, and many more that can help it gain a competitive advantage over its competitors and grow further thereby building a name for itself.
Here are some of the railway stocks with an order book of up to Rs. 30,000 Crores as of Q3FY24.
Titagarh Rail Systems
Titagarh Rail Systems Limited (TRSL) is one of the largest private-sector manufacturers 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.
With a market capitalization of Rs. 12,882 Crores, the shares of Titagarh Rail Systems Limited closed at Rs. 956, up 0.82 percent from its previous day’s close price of Rs. 949.25
As of Q3FY24, Titagarh Rail Systems Limited has an order book of Rs. 27,466 Crores, which consists of Freight Rail Systems and Passenger Rail Systems
Its revenue from operations grew by 89 percent from Rs. 1,468 Crores in FY22 to Rs. 2,780 Crores in FY23, accompanied by a loss of Rs. 1 Crore to a Profit of Rs. 126 Crores.
Jupiter Wagons
Jupiter Wagons Limited is engaged in the business of manufacturing metal fabrication, railway wagons, wagon components, castings, and many more comprising load bodies for commercial vehicles, rail freight wagons, and components.
With a market capitalization of Rs. 15,199 Crores, the shares of Jupiter Wagons Limited closed at Rs. 368, up 0.06 percent from its previous day’s close price of Rs. 367.75.
As of Q3FY24 Jupiter Wagons has an order book of Rs. 7,076.31 Crores, which consists of Railway Wagons, CMS Crossing, Commercial Vehicle Bodies & Components, Containers, Hubs, Brake Disc Assemblies, and others.
Its revenue from operations grew by 76 percent from Rs. 1,178 Crores in FY22 to Rs. 2,068 Crores in FY23, accompanied by increasing profits of Rs. 50 Crores to Rs. 125 Crores.
Ircon International
Ircon International is a specialized construction organization under the Ministry of Railways, it covers the entire spectrum of construction activities and services in the Infrastructure sector including railways, bridges, sub-stations, and many more with operations in domestic as well as foreign countries.
With a market capitalization of Rs. 21,232 Crores, the shares of Ircon International Limited closed at Rs. 225.75, down 2.65 percent from its previous day’s close price of Rs. 231.90.
As of Q3FY24, Ircon International Limited has an order book of Rs. 29,436 Crores, which consists of 72 percent of work related to railways, 20.7 percent to Highways, and 7 percent to others.
Its revenue from operations grew by 40.49 percent from Rs. 7,380 Crores in FY22 to Rs. 10,368 Crores in FY23, accompanied by increasing profits of Rs. 592 Crores to Rs. 765 Crores.
BEML
Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces, and aluminum wagons, coaches for the metro, and many more for the Railways.
As of Q3FY24, Bharat Earth Movers Limited has an order book of Rs. 12,230 Crores.
With a market capitalization of Rs. 13,084 Crores, the shares of Bharat Earth Movers Limited closed at Rs. 3,138.80, up 1 percent from its previous day’s close price of Rs. 3,107.65.
Its revenue from operations declined by 10.11 percent from Rs. 4,337 Crores in FY22 to Rs. 3,899 Crores in FY23, accompanied by increasing profits of Rs. 129 Crores to Rs. 158 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
