This Railway stock is engaged in manufacturing railway wagons, brake systems, and electric mobility solutions, expanding into defence, rail components, and advanced transportation technologies, jumped 6 percent after securing an order worth Rs. 600 crores from Ambuja Cements and ACC Limited
Stock Price Movement
In Wednesday’s trading session, Jupiter Wagons Limited’s share reached an intraday high of Rs. 335.70 per equity share, rising 5.55 percent from its previous day’s close price of Rs. 318.05. The stock opened at Rs. 321.05 and is currently trading at Rs. 327.75. The market capitalization now stands at approximately Rs. 13,912.92 crore.
What Happened
Jupiter Wagons Limited has received a Letter of Acceptance (LOA) from Ambuja Cements and ACC Limited, part of Adani Cement, for the manufacture and supply of BCFCM Rakes Wagon with BVCM Wagon for a consideration of Rs. 600 crore.
Additionally, Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited, is strengthening its EV ecosystem for eLCV growth. It launched JEM Saathi, an app for vehicle service, local business discovery, and charging infrastructure, in partnership with Pulse Energy, offering more than 1300 fast chargers. JEM has expanded its service network with Automovill and Battwheels, adding more than 140 service stations across India.
Management Guidance
Jupiter Wagons aims to achieve Rs. 5,000 crore revenue by FY26, with 10 percent to 15 percent growth in its wagon business. Its subsidiary, Jupiter Tatravagonka, earned Rs. 225 crore in revenue in nine months, aiming for Rs. 300 crore by year-end. By FY28, the company targets Rs. 8,000-10,000 crore in revenue, with strong growth in non-wagon segments.
Also read: PSU stock in green after winning multiple hydro projects from Mizoram Govt
Capital Raising and Fund Utilization
The company has approved a Rs. 3,000 crore QIP as an enabling resolution, ensuring readiness for future growth opportunities rather than immediate fundraising. Previously, the company raised Rs. 800 crore, which was utilized for wheel project advancements, with ongoing assessments for additional funding needs.
Electric Mobility Expansion
Jupiter Wagons has increased its stake in Jupiter Electric Mobility from 60 percent to 75 percent and acquired Log9 Technology for advanced battery technology, strengthening its position in electric trucks and railways.
The company introduced battery-as-a-service (BaaS) for TEZ vehicles, offering a cost-effective per-kilometer leasing model. Additionally, through the JEM Udaan program with Porter, it has secured more than 500 TEZ vehicle orders to accelerate adoption.
Business Highlights
Jupiter Wagons successfully commercialized its Tatravagonka Railwheel Factory, expecting to double revenue compared to last year. The company delivered 13,000 brake discs and exported 10,000 axle boxes to Indian Railways, along with supplying 230 brake systems for passenger coaches, showcasing precision engineering. As of December 31, 2024, its order book stood at Rs. 6,320 crore, ensuring strong future revenue visibility.
Recent quarter results
Jupiter Wagons Limited’s revenue has increased from Rs. 896 crore in Q3 FY24 to Rs. 1,030 crore in Q3 FY25, which has grown by 14.96 percent. The net profit has also grown by 18.52 percent from Rs. 81 crore in Q3 FY24 to Rs. 98 crore in Q3 FY25.
Written By – Nikhil Naik
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