Titagarh Rail Systems Ltd (IN:TITAGARH)
:TITAGARH
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Titagarh Rail Systems Ltd
(TITAGARH)
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Rating:61Neutral
Price Target:
₹627.00
▼(-28.96% Downside)
Action:ReiteratedDate:03/24/26
The score is supported primarily by solid profitability and balance-sheet strength, but it is pulled down by weak cash flow quality. Technicals are also unfavorable with the stock trading below key moving averages and negative MACD, while valuation is a further headwind due to the high P/E and minimal dividend yield.
Positive Factors
Diversified Revenue Streams
Titagarh’s business model spans manufacturing of rolling stock, turnkey project execution, after-sales services and exports. This mix provides durable revenue visibility from long-term contracts, recurring service income and geographic expansion optionality that supports steady cash generation over cycles.
Negative Factors
Weak Cash Conversion
Negative operating cash flow and falling free cash flow driven by increased capital expenditures create persistent liquidity pressure. For a capital‑intensive rail manufacturer, weak cash conversion can force reliance on external financing and constrain bidding, capex and working capital for contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
Titagarh’s business model spans manufacturing of rolling stock, turnkey project execution, after-sales services and exports. This mix provides durable revenue visibility from long-term contracts, recurring service income and geographic expansion optionality that supports steady cash generation over cycles.
Read all positive factors
Titagarh Rail Systems Ltd (TITAGARH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹82.82B
Dividend Yield0.12%
Average Volume (3M)83.08K
Price to Earnings (P/E)62.5
Beta (1Y)1.61
Revenue Growth-14.65%
EPS Growth-36.95%
CountryIN
Employees870
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)3.60
Shares Outstanding134,673,770
10 Day Avg. Volume80,708
30 Day Avg. Volume83,083
Financial Highlights & Ratios
PEG Ratio-4.53
Price to Book (P/B)4.33
Price to Sales (P/S)2.78
P/FCF Ratio-29.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)26.33
Revenue Forecast (FY)₹49.06B
Titagarh Rail Systems Ltd Business Overview & Revenue Model
Company Description
Titagarh Rail Systems Limited manufactures and sells freight and passenger rail systems in India and internationally. It operates through Freight Rail Systems and Passenger Rail Systems segments. The company offers loco shells, couplers, draft gea...
How the Company Makes Money
Titagarh Rail Systems Ltd makes money primarily by executing manufacturing and supply contracts for rail transportation equipment. Key revenue streams typically include: (1) Sale of rolling stock and rail equipment: revenue from producing and deli...
Titagarh Rail Systems Ltd Financial Statement Overview
Summary
Income Statement
80
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.86B | 38.68B | 38.53B | 27.80B | 14.68B | 15.21B |
| Gross Profit | 7.40B | 8.22B | 5.07B | 3.20B | 2.14B | 1.49B |
| EBITDA | 4.16B | 5.08B | 4.71B | 3.06B | 1.83B | 1.05B |
| Net Income | 1.95B | 2.76B | 2.86B | 1.30B | -3.28M | -149.97M |
Balance Sheet | ||||||
| Total Assets | 38.01B | 37.62B | 32.16B | 23.29B | 26.79B | 24.74B |
| Cash, Cash Equivalents and Short-Term Investments | 5.23B | 4.88B | 6.09B | 999.83M | 418.26M | 1.24B |
| Total Debt | 6.37B | 6.27B | 1.66B | 3.53B | 9.20B | 8.47B |
| Total Liabilities | 12.61B | 12.78B | 9.98B | 13.65B | 18.37B | 16.33B |
| Stockholders Equity | 25.38B | 24.83B | 22.18B | 9.64B | 8.42B | 8.41B |
Cash Flow | ||||||
| Free Cash Flow | -177.40M | -3.67B | -777.30M | -418.85M | -1.06B | -533.66M |
| Operating Cash Flow | 1.85B | -1.31B | 857.93M | -51.44M | -38.75M | 66.27M |
| Investing Cash Flow | -1.32B | -6.08B | -5.37B | -506.57M | -731.11M | -745.24M |
| Financing Cash Flow | -391.40M | 4.36B | 7.24B | 665.26M | -527.06M | 432.15M |
Titagarh Rail Systems Ltd Technical Analysis
Negative
882.65
Price Trends
713.66
Negative
772.86
Negative
831.01
Negative
Market Momentum
-32.82
Negative
41.32
Neutral
39.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TITAGARH, the sentiment is Negative. The current price of 882.65 is above the 20-day moving average (MA) of 631.82, above the 50-day MA of 713.66, and above the 200-day MA of 831.01, indicating a bearish trend. The MACD of -32.82 indicates Negative momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 39.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TITAGARH.
Titagarh Rail Systems Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹140.71B | 38.53 | ― | 0.74% | 12.21% | 56.50% | |
64 Neutral | ₹91.77B | 28.60 | ― | 3.24% | -5.23% | 3.21% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹117.52B | 41.51 | ― | 1.56% | -13.85% | -34.81% | |
62 Neutral | ₹123.47B | -173.04 | ― | 0.29% | -1.31% | 3.61% | |
62 Neutral | ₹36.37B | 32.08 | ― | 0.56% | 13.15% | 6.26% | |
61 Neutral | ₹82.82B | 62.52 | ― | 0.12% | -14.65% | -36.95% |
* Industrials Sector Average
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Titagarh Rail Systems Ltd Corporate Events
Titagarh Rail Systems Wins Railway Board Nod to Enter Wagon Leasing Business
Feb 10, 2026
Titagarh Rail Systems Ltd has secured approval from India’s Ministry of Railways, via the Railway Board, to be registered as a Wagon Leasing Company under the Indian Railways Wagon Leasing Scheme. This status allows the company to own railwa...
Titagarh Deepens ABB Alliance to Localise 25kV Metro Propulsion Under Make in India
Jan 27, 2026
Titagarh Rail Systems Limited has signed a milestone agreement with ABB India to develop and supply propulsion systems for 25kV AC metro applications, including technology transfer for Train Control and Monitoring Systems for driverless metro proj...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.