Synopsis: A Kolkata-based rail and infrastructure engineering company has received two orders in quick succession a Rs.253.28 crore contract from a private rail logistics firm for manufacture and supply of wagon rakes, and a Rs.11.65 crore turnkey contract from a state power transmission utility taking the combined order intake to approximately Rs.265 crore.
With new victories in power transmission infrastructure and freight rolling stock, the rail-focused engineering firm has bolstered its order pipeline. The contracts demonstrate ongoing demand from the utility and industrial sectors, supporting the company’s diversified business model and providing greater revenue visibility as it works to increase execution momentum across key operating segments.
With a market capitalization of Rs.4,636 crore, the shares of Texmaco Rail & Engineering Limited were trading at Rs.115. The stock rose 5 percent and is trading at a P/E of approximately 24x.
Order Update
Texmaco Rail & Engineering Limited has received two separate orders within two days, with a combined value of approximately Rs.264.93 crore. The first and larger order is a Letter of Intent from JSW (South) Rail Logistics Pvt. Ltd. for the manufacture and supply of BFNSM1 Rakes along with BVCM Wagons, valued at Rs.253.28 crore.
The contract is domestic in nature, with an execution timeline of 13.5 months from the effective date or commencement of works. BFNSM1 rakes are high-capacity flat wagons widely used for bulk freight movement, and the JSW Rail Logistics mandate reflects the private sector’s growing investment in dedicated freight rolling stock as India’s logistics infrastructure expands.
The second order comes from Odisha Power Transmission Corporation Limited (OPTCL), covering two packages for Engineering, Supply, Installation, Testing and Commissioning works for the construction of a 2nd Circuit SC line on a DC tower, on a turnkey contract basis. The combined value of these two packages stands at Rs.11.65 crore (including taxes), to be executed within 12 months from the date of the Letters of Award. Both orders are from domestic entities with no related-party involvement from Texmaco’s promoter or promoter group.
Together, the two wins add fresh order visibility across Texmaco’s Freight Cars and Infrastructure & Electrical segments, broadening its near-term revenue pipeline at a time when the company is working to recover execution momentum.
Financial Snapshot & Business Overview
Texmaco Rail & Engineering Limited is a Kolkata based engineering infrastructure company and a part of the Adventz Group, which has operations in freight car manufacturing, rail EPC, steel foundry and infrastructure and electrical works. It serves Indian Railways, metro projects, state utilities and private sector customers including large industrial conglomerates.
On a consolidated basis for FY26, Texmaco reported revenue from operations of Rs.4,377 crore, down from Rs.5,107 crore in FY25. Operating profit stood at Rs.390 crore with an OPM of 9%, while net profit declined to Rs.194 crore from Rs.249 crore in FY25, with EPS of Rs.4.80.
Interest costs came in at Rs.123 crore and depreciation at Rs.47 crore, with profit before tax at Rs.277 crore against a 30% tax rate. On a quarterly basis, Q4 FY26 revenue stood at Rs.1,167 crore with net profit of Rs.72 crore, reflecting a meaningful sequential recovery.
The combined Rs.265 crore order intake signals improving commercial momentum across both Texmaco’s wagon manufacturing and infrastructure electrical verticals. But with FY26 revenues under pressure and execution scale still rebuilding, can the company translate fresh order wins into a sustained top-line recovery?
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