Railway stock in focus after receiving two orders worth Rs 78.5 crore from central railway and Maharashtra Metro Rail Corporation Limited
Synopsis: The shares of this Engineering company was in the news following its announcement of receiving two orders with a combined value of Rs 78.5 crore from Rail and Metro companies.
The shares of the company which is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures were in focus today as the company bagged two orders with a combined value of Rs 78.5 Crore from Central railway and Maha metro ltd.
With the market cap of Rs 5,506 crore ,the shares of Texmaco Rail & Engineering Ltd gave a closing price of Rs 136.6 and made a high of Rs141.50 compared to its previous day closing price of Rs 136.85 which is a jump of 3.4 percent in today’s trading session. The share PE is at 25.6 which is half of its median PE of 51.3. The share has given a return of 540 percent over the last 5 years.
About the order
First order is received from the central railway for Design, manufacture, supply of associated equipments, erection, testing & commissioning of 132kV/55kV (2*25kV System) Scott Connected transformer along with sectioning & Paralleling Post (SP) and Sub-sectioning & Paralleling Post (SSP) in Beed-Parli section in connection with Ahmadnagar-Beed-Parli New BG Line of Central Railway. The order has to be completed within 12 months from the date of issuance of the letter of acceptance and the size of the order is Rs 33.89 crore.
Second order is received from the Maharashtra Metro Rail Corporation Limited (Maha-Metro) for the Design, Supply, Installation, Testing & Commissioning of 25kV Flexible Overhead Catenary System, associated 25kV Sectioning Posts, 33kV Auxiliary SubStation (ASS), associated Cabling and SCADA Systems for PCMC-Nigdi Elevated Extension of Pune Metro Rail Project. The project has to be completed within 110 weeks from the date of commencement and the size of the order is Rs 44.61 crore .
Financials and others.
The Revenue from operations stands at Rs 911 crore in Q1 FY26 compared to Q1 FY25 Rs 1,088 crore which is a decrease of 16.32 percent YoY basis . Similarly, the net profit stood at Rs 29 crore in Q1 FY26 from Rs 59 crore in Q1 FY25 falling about 12.25 percent.
Current order book of the company stands at Rs 7,053 crore out of which 51.1 percent comes from Freight car division , 24.9 percent comes from the electrical infrastructure, 13.8 percent comes from other subsidiaries and JV’s and the remaining 10.2 percent comes from rail and green energy infrastructure .
TEXMACO has been a freight car manufacturer for 8 decades. Its Freight Cars serve a host of core industries like Cement, Steel, Defence, Fertilizer, Oil, Alumina, Thermal Power Projects, Chemical Plants, etc. These include Custom-built Special Purpose Freight Cars for movement of large oversize consignments. Besides the domestic market the company has made significant progress in overseas markets.
The company is a well-known name in the field of design, fabrication, supply, erection, and commissioning of Hydro-mechanical Equipment for mega Hydro-power projects. It is also well-known for the fabrication of Heavy Steel Structures for Thermal Power Stations, Flyovers, Railway Bridges, Cranes and Equipment for steel plants, Naval Ship Structures for Indian Navy etc.
Written by Leon Mendonca.
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