The Indian railway sector has seen significant growth in recent years, driven by government support, technological advancements, and rising demand. Further, investing in the best railway stocks in India offers several benefits, such as exposure to a growing sector, government support, diverse projects, and long-term growth opportunities.
Additionally, the modernization of railways through technological advancements and the revamping of rail bogies to Vande Bharat standards are expected to enhance passenger comfort and satisfaction, further driving demand.
Moreover, 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.
Listed below are such railway stocks with an order book of up to Rs. 85,000 crores:
Jupiter Wagons Ltd
With a market capitalization of Rs. 28,861 crores, the shares of Jupiter Wagons started Friday’s trading session on a flatter note at Rs. 699.85 compared to its previous close of Rs. 700. During the trading session, the shares hit a high of Rs. 703.10, gaining around 1 percent and are currently trading at Rs. 698 apiece.
Looking at the company’s financial performance, the revenue increased by 25 percent from Rs. 895.84 crores during the December quarter to Rs. 1,115.41 crores in the March quarter. In addition, the net profits zoomed by 28 percent from Rs. 81.46 crores to Rs. 104.63 crores during the same period.
As of 31st March 2024, the company has an order book of Rs. 7,10,166 lakh ( Rs. 7,101.60 crores). The company won orders from both public and private sector customers including the Ministry of Railways and the Ministry of Defence.
Earlier, in March 2024, the company secured a contract from the Ministry of Railways for the manufacturing and supply of 2,237 BOSM Wagons aggregating to Rs. 957 crores.
Titagarh Rail Systems Ltd
With a market capitalization of Rs. 19,621 crores, the shares of Titagarh Rail Systems started Friday’s trading session on a higher note at Rs. 1,459.85 compared to its previous close of Rs. 1,445.65. During the trading session, the shares hit a high of Rs. 1,523.70, gaining around 5 percent and are currently trading at Rs. 1,503 apiece.
Coming onto the company’s financial statements, the revenue jumped by 10 percent from Rs. 954.68 crores during the December quarter to Rs. 1,052.41 crores in the March quarter. On the other hand, the net profits increased by 6 percent from Rs. 74.82 crores to Rs. 78.95 crores during the same timeframe.
As of March 31, 2024, the total order book of the company amounted to Rs. 28,076 crores. Within this figure, orders totalling Rs. 14,750 crores were directly received by the company, while the remaining Rs. 13,326 crores represent the company’s share of the order book within joint ventures.
Ircon International Ltd
With a market capitalization of Rs. 25,135 crores, the shares of Ircon International Ltd started Friday’s trading session on a higher note at Rs. 269 compared to its previous close of Rs. 267.85. During the trading session, the shares hit a low of Rs. 265.05, losing around 1 percent and are currently trading at Rs. 265.30 apiece.
Looking at the company’s financial statements, the revenue zoomed by 30 percent from Rs. 2,884.22 crores during Q3FY24 to Rs. 3,742.71 crores in Q4FY24. In addition, the net profits increased marginally by around 1 percent from Rs. 244.7 crores to Rs. 246.66 crores during the same timeframe.
As of March 31, 2024, the company’s order book stood at Rs. 27,208 crores, out of which 77 percent of orders were received from the railway segment, and the remaining 23 percent of orders were received from the highway and other segments.
Rail Vikas Nigam Ltd
With a market capitalization of Rs. 81,212 crores, the shares of Rail Vikas Nigam Ltd (RVNL) started Friday’s trading session on a flatter note at Rs. 391.25 compared to its previous close of Rs. 390.15. During the trading session, the shares hit a low of Rs. 386.65, losing around 1 percent and are currently trading at Rs. 388 apiece.
Looking at the company’s financial statements, the revenue zoomed by 43 percent from Rs. 4,689.33 crores in the December quarter to Rs. 6,714.01 in the March quarter. In addition, the net profits jumped by 33 percent from Rs. 358.57 crores to Rs. 478.4 crores during the same period.
Rail Vikas Nigam has achieved a significant milestone with its order book reaching around Rs. 85,000 crores, out of this, Rs. 40,000 crores belongs to the bid portion and Rs. 45,000 crores to the nomination portion. As per the latest data, for FY 2025, the company aims to clock Rs. 23,000 crores in revenue and end the year with an order book between Rs. 92,000 crores to Rs. 1 lakh crore.
Written By Vaibhav Patil
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