₹855.6
▼ -18.89 -2.16%
18 Jul 2026
BSE Listed · Capital Goods-Non Electrical Equipment
Titagarh Rail Systems Limited (532966)
Volume: 11,370Avg Vol 1W: 26,735Avg Vol 1M: 60,28352W Range:₹568.65₹970.05
Key Ratios
Checked 8h agoMarket Cap₹11,523 Cr
Current Price₹855.6
Previous Close₹874.49
High / Low (52w)₹970.05 / ₹568.65
Volume11,370
Avg Vol (1W)26,735
Avg Vol (1M)60,283
Stock P/E72.08
Book Value₹182.35
Dividend Yield11%
ROE6.51%
ROA412.76%
Revenue (TTM)—
Revenue Growth0.37%
Profit Margin5.24%
Total Debt₹25 Cr
Shares Outstanding13 Cr
Face Value₹2
EPS (TTM)₹11.87
P/B4.69
Debt / Equity0.17
50 DMA₹842.68
200 DMA₹804.03
Day change-2.16%
Price Chart
₹855.6▼ 9.47% · 1Y
2025-07-172026-07-17
20-day avg volume: 42K shares
Pros
- Pays a dividend yield of 11.0%.
- Company is almost debt-free.
Cons
- Stock trades at a high P/E of 72.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹903 Cr | ₹1,057 Cr | ₹902 Cr | ₹1,006 Cr | ₹679 Cr | ₹799 Cr | ₹832 Cr | ₹875 Cr |
| EBITDA | ₹107 Cr | ₹132 Cr | ₹116 Cr | ₹123 Cr | ₹75 Cr | ₹86 Cr | ₹90 Cr | ₹95 Cr |
| Net Profit | ₹67 Cr | ₹81 Cr | ₹63 Cr | ₹-122 Cr | ₹31 Cr | ₹37 Cr | ₹45 Cr | ₹54 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,298 Cr | ₹1,592 Cr | ₹1,800 Cr | ₹1,545 Cr | ₹1,485 Cr | ₹2,822 Cr | ₹3,893 Cr | ₹3,943 Cr |
| EBITDA | ₹-133 Cr | ₹92 Cr | ₹126 Cr | ₹76 Cr | ₹164 Cr | ₹284 Cr | ₹465 Cr | ₹479 Cr |
| Net Profit | ₹-144 Cr | ₹-29 Cr | ₹-34 Cr | ₹-15 Cr | ₹0 Cr | ₹130 Cr | ₹286 Cr | ₹276 Cr |
| EPS | -12.39 | -2.47 | -2.96 | -1.28 | -0.03 | 10.89 | 22.46 | 20.39 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹2,720 Cr | ₹2,716 Cr | ₹2,272 Cr | ₹2,474 Cr | ₹2,679 Cr | ₹2,248 Cr | ₹3,216 Cr | ₹3,762 Cr |
| Total Liabilities | ₹1,801 Cr | ₹1,827 Cr | ₹1,426 Cr | ₹1,633 Cr | ₹1,837 Cr | ₹1,285 Cr | ₹998 Cr | ₹1,278 Cr |
| Equity | ₹918 Cr | ₹889 Cr | ₹845 Cr | ₹841 Cr | ₹842 Cr | ₹964 Cr | ₹2,218 Cr | ₹2,484 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-101 Cr | ₹-103 Cr | ₹164 Cr | ₹66 Cr | ₹66 Cr | ₹107 Cr | ₹186 Cr | ₹-2 Cr |
| Investing | ₹-26 Cr | ₹-48 Cr | ₹-10 Cr | ₹-72 Cr | ₹-69 Cr | ₹-61 Cr | ₹-537 Cr | ₹-579 Cr |
| Financing | ₹191 Cr | ₹214 Cr | ₹-227 Cr | ₹43 Cr | ₹-53 Cr | ₹67 Cr | ₹724 Cr | ₹372 Cr |
| Free Cash Flow | ₹-101 Cr | ₹-103 Cr | ₹164 Cr | ₹66 Cr | ₹66 Cr | ₹107 Cr | ₹186 Cr | ₹-2 Cr |
Shareholding
Promoter 40.46% Institutions 26.26% Public 33.28%
Efficiency & Working Capital
ROCE10.3%
Interest Coverage6.2
Dividend Payout—
Debtor Days63 d
Inventory Days49 d
Payable Days22 d
Cash Conversion Cycle91 d
Working Capital Days113 d
Shareholding Details
As of 2026-06-30
Promoter40.5%
FII10.9%
DII15.4%
Institutions26.3%
Public33.3%
Promoter Pledge0.1%
No. of Shareholders5,24,155
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45% | 42.5% | 42.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% | 40.5% |
| FIIs | 16.8% | 20% | 17.3% | 19.6% | 16.3% | 13.7% | 11.6% | 9.5% | 9.6% | 10.7% | 10.7% | 10.9% |
| DIIs | 10.5% | 12.3% | 13.7% | 14.1% | 13.9% | 15% | 13.4% | 11.7% | 12.8% | 12.6% | 12.5% | 15.4% |
| Public | 27.7% | 25.2% | 26.5% | 25.9% | 29.3% | 30.9% | 34.5% | 38.4% | 37.2% | 36.3% | 36.4% | 33.3% |
| Promoter Pledge | 0% | 0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| No. of Shareholders | 1,91,910 | 2,24,205 | 2,92,395 | 3,62,203 | 4,61,442 | 5,15,638 | 5,87,422 | 6,17,505 | 5,91,488 | 5,71,503 | 5,59,860 | 5,24,155 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Titagarh Capital Management Services Private Limited | Shareholding of Promoter and Promoter Group | 17.9% | 2.41 Cr |
| Jagdish Prasad Chowdhary(trustee Of Chowdhury Foundation) | Shareholding of Promoter and Promoter Group | 13.5% | 1.82 Cr |
| Rashmi Chowdhary | Shareholding of Promoter and Promoter Group | 7.5% | 1.01 Cr |
| Hdfc Large And Mid Cap Fund | Public Shareholding | 3.8% | 51,76,537 |
| Hsbc Mutual Fund - Hsbc Aggressive Hybrid Fund | Public Shareholding | 2.8% | 37,26,643 |
| Titagarh Logistics Infrastructures Private Limited | Shareholding of Promoter and Promoter Group | 1.4% | 19,08,487 |
| Mirae Asset Infrastructure Fund | Public Shareholding | 1.3% | 17,61,101 |
| The Master Trust Bank Of Japan, Ltd. As Trustee Of Hsbc India Infrastructure Equ | Public Shareholding | 1.1% | 14,54,826 |
| Umesh Chowdhary | Shareholding of Promoter and Promoter Group | 0.1% | 77,530 |
| Jagdish Prasad Chowdhary | Shareholding of Promoter and Promoter Group | 0.1% | 70,700 |
| Vinita Bajoria | Shareholding of Promoter and Promoter Group | 0% | 32,051 |
| Bimla Devi Kajaria | Shareholding of Promoter and Promoter Group | 0% | 2,000 |
| Gaurav Kajaria | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Savitri Devi Chowdhary | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sumita Kandoi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Prithish Chowdhary | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Prithish Chowdhary Family Trust | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Rashmi Chowdhary | 0 | 0% | 2026-06-30 |
| Umesh Chowdhary | 0 | 0% | 2026-06-30 |
| Jagdish Prasad Chowdhary | 0 | 0% | 2026-06-30 |
| Vinita Bajoria | 32,000 | 99.8% | 2026-06-30 |
| Bimla Devi Kajaria | 0 | 0% | 2026-06-30 |
| Gaurav Kajaria | 0 | 0% | 2026-06-30 |
| Savitri Devi Chowdhary | 0 | 0% | 2026-06-30 |
| Sumita Kandoi | 0 | 0% | 2026-06-30 |
| Prithish Chowdhary | 0 | 0% | 2026-06-30 |
| Titagarh Capital Management Services Private Limited | 0 | 0% | 2026-06-30 |
| Titagarh Logistics Infrastructures Private Limited | 0 | 0% | 2026-06-30 |
| Jagdish Prasad Chowdhary(trustee Of Chowdhury Foundation) | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| J P Chowdhary | Chairman/ED & CEO | 2025 |
| Umesh Chowdhary | Vice Chairman, MD & CEO | 2025 |
| Anil K Agarwal | Executive Director/Deputy Managing Director/CEO | 2025 |
| Pritish Chowdhary | Executive Director / Deputy Managing Director | 2025 |
| Rashmi Chowdhary | Non-Exec & Non-Independent Dir | 2025 |
| Atul Joshi | Independent Non Exe. Director | 2025 |
| Krishan Kumar Jalan | Independent Non Exe. Director | 2025 |
| S K Roongta | Independent Non Exe. Director | 2025 |
| Nayantara Palchoudhuri | Independent Non Exe. Director | 2025 |
| B Prasada Rao | Independent Non Exe. Director | 2025 |
| Debanjan Mandal | Independent Non Exe. Director | 2025 |
| Aditya Purohit | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Freight Rail Systems | ₹3,610 Cr | 93.4% |
| Passenger Rail Systems | ₹256 Cr | 6.6% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹3,860 Cr | 99.8% |
| Overseas | ₹6 Cr | 0.2% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 258 | 27 | 27 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-08 | ₹1 (50%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 3 | 16 | 119 | 14 | 19 | 171 |
| 2025 | 2 | 9 | 113 | 0 | 0 | 124 |
| 2025 | 1 | 1 | 6 | 14 | 19 | 41 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Saket KandoiAcquisition · 70,965
Vidushie KandoiDisposal · 70,965
Sidhaant Kandoi RevisedAcquisition · 9,000
Saket KandoiAcquisition · 70,965
Vidushie KandoiDisposal · 70,965
Sanjay Ranganath DeshpandeDisposal · 4,000
Substantial Acquisitions (SAST)
1 disclosure(s)
Market27/02/2024 · 21,94,207
Company Information
Incorporated1997
ChairmanJ P Chowdhary
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Investor Email[email protected]; [email protected]
📍 756 Anandapur, E M Bypass, Kolkata, West Bengal, 700017
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