Titagarh Rail Systems Ltd
Titagarh Rail Systems Ltd (TITAGARH) last reported results for the quarter ended Jun 2026, with sales of ₹765 crore and net profit of ₹53 crore. The stock last traded at ₹807, a market capitalisation of ₹10,865 crore, on a P/E of 56.0. Over the past 52 weeks the stock has ranged between ₹569 and ₹971. Figures are as of 6 Oct 2026 and are not real time.
Titagarh Rail Systems Ltd share price and key metrics
- Current price
- ₹807
- Market cap
- ₹10,865 cr
- Stock P/E
- 56.0
- Book value
- ₹182
- ROE
- 6.78%
- ROCE
- 10.9%
- Dividend yield
- 0.12%
- 52w high / low
- 971/569
Metrics as of 6 Oct 2026. Not real time.
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Titagarh Rail Systems Ltd growth and returns
- 10 Years
- 13%
- 5 Years
- 16%
- 3 Years
- 5%
- TTM
- -10%
- 10 Years
- 27%
- 5 Years
- 65%
- 3 Years
- 7%
- TTM
- 3%
- 10 Years
- 22%
- 5 Years
- 51%
- 3 Years
- 2%
- 1 Year
- -10%
- 10 Years
- 4%
- 5 Years
- 9%
- 3 Years
- 10%
- Last Year
- 7%
Titagarh Rail Systems Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹765 cr, up 12.7% from ₹679 cr a year earlier. Net profit was ₹53 cr, up 71.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,057 | 902 | 1,006 | 679 | 799 | 832 | 875 | 765 |
| Expenses | 932 | 809 | 987 | 615 | 725 | 741 | 783 | 671 |
| Operating profit | 125 | 94 | 18 | 64 | 74 | 91 | 92 | 94 |
| OPM % | 12% | 10% | 1.8% | 9% | 9% | 11% | 11% | 12% |
| Other income | 10 | 23 | -128 | 11 | 14 | -0 | 14 | 7 |
| Interest | 17 | 21 | 22 | 18 | 18 | 18 | 17 | 15 |
| Depreciation | 8 | 6 | 8 | 12 | 12 | 13 | 14 | 15 |
| Profit before tax | 111 | 89 | -140 | 45 | 57 | 60 | 75 | 71 |
| Tax % | 27% | 29% | -12% | 32% | 35% | 25% | 28% | 26% |
| Net profit | 81 | 63 | -124 | 31 | 37 | 45 | 54 | 53 |
| EPS (₹) | 5.99 | 4.66 | -9.09 | 2.29 | 2.74 | 3.35 | 4.01 | 3.90 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Titagarh Rail Systems Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,714 | 1,268 | 1,559 | 1,766 | 1,521 | 1,468 | 2,780 | 3,853 | 3,868 | 3,186 | 3,272 |
| Operating profit | 108 | -97 | 9 | 121 | 81 | 165 | 251 | 449 | 335 | 331 | 351 |
| OPM % | 6% | -8% | 0.6% | 7% | 5% | 11% | 9% | 12% | 9% | 10% | 11% |
| Net profit | 27 | -147 | -23 | -36 | -19 | -1 | 126 | 286 | 87 | 123 | 188 |
| EPS (₹) | 2.33 | -12.43 | -2.47 | -2.96 | -1.26 | -0.03 | 10.89 | 21.25 | 6.54 | 9.13 | 14.00 |
TTM is the trailing twelve months to the most recent quarter.
Titagarh Rail Systems Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 27 | 27 | 27 |
| Reserves | 944 | 832 | 793 | 743 | 817 | 818 | 940 | 2,191 | 2,268 | 2,429 |
| Borrowings | 372 | 624 | 896 | 730 | 847 | 920 | 353 | 166 | 627 | 623 |
| Other liabilities | 1,356 | 1,210 | 975 | 775 | 775 | 903 | 931 | 832 | 791 | 960 |
| Total liabilities | 2,695 | 2,689 | 2,687 | 2,272 | 2,462 | 2,664 | 2,248 | 3,216 | 3,713 | 4,039 |
| Fixed assets | 933 | 958 | 935 | 872 | 871 | 966 | 732 | 748 | 992 | 1,274 |
| CWIP | 15 | 27 | 36 | 0 | 41 | 61 | 12 | 174 | 122 | 192 |
| Investments | 82 | 83 | 87 | 29 | 31 | 30 | 32 | 198 | 225 | 279 |
| Other assets | 1,665 | 1,621 | 1,630 | 1,371 | 1,518 | 1,607 | 1,472 | 2,097 | 2,374 | 2,295 |
| Total assets | 2,695 | 2,689 | 2,687 | 2,272 | 2,462 | 2,664 | 2,248 | 3,216 | 3,713 | 4,039 |
As reported by the company. Total assets equal total liabilities by construction.
Titagarh Rail Systems Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -177 | -121 | -124 | 154 | 68 | 55 | 41 | 86 | -97 | 322 |
| Cash from investing | 44 | -45 | -49 | 4 | -60 | -73 | -61 | -537 | -579 | -134 |
| Cash from financing | 111 | 191 | 214 | -227 | 43 | -53 | 67 | 724 | 372 | -52 |
| Net cash flow | -22 | 25 | 40 | -70 | 51 | -71 | 46 | 274 | -304 | 137 |
| Free cash flow | -199 | -150 | -188 | 129 | 9 | -41 | 4 | -78 | -328 | -45 |
| CFO / operating profit | -154% | 104% | -1,161% | 136% | 82% | 40% | 43% | 41% | -0% | 118% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Titagarh Rail Systems Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 6% | -8% | 1% | 7% | 5% | 9% | 18% | 25% | 14% | 11% |
| Debtor days | 50 | 79 | 81 | 52 | 136 | 58 | 37 | 50 | 63 | 72 |
| Inventory days | 182 | 213 | 203 | 119 | 142 | 176 | 78 | 64 | 65 | 92 |
| Days payable | 150 | 148 | 209 | 111 | 146 | 153 | 55 | 39 | 29 | 52 |
| Cash conversion cycle | 82 | 145 | 75 | 60 | 131 | 81 | 60 | 75 | 99 | 113 |
| Working capital days | 38 | 3 | 62 | 96 | 90 | 48 | 20 | 61 | 43 | 76 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Titagarh Rail Systems Ltd shareholding pattern
Promoters held 40.46% at Jun 2026, broadly unchanged since Jun 2025. FIIs 10.87% and DIIs 15.38%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% |
| FIIs | 16.32% | 13.67% | 11.63% | 9.49% | 9.56% | 10.66% | 10.67% | 10.87% |
| DIIs | 13.94% | 15.01% | 13.40% | 11.67% | 12.77% | 12.60% | 12.46% | 15.38% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 29.25% | 30.86% | 34.49% | 38.35% | 37.19% | 36.28% | 36.42% | 33.28% |
| No. of shareholders | 4,61,442 | 5,15,638 | 5,87,422 | 6,17,505 | 5,91,488 | 5,71,503 | 5,59,860 | 5,24,155 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Titagarh Rail Systems Ltd corporate filings
- Pursuant to Regulation 74(5) of SEBI (DP) Regulations 2018, please find enclosed certificate from RTA of the Company for quarter ended 30th September 2026Company Updatelow impact
- Corporate Voting Results Confirm Shareholder Support for Key Resolutions at Titagarh Rail Systems Limited's 29th AGMAGM/EGMmedium impact
Cruxal's analysis: Titagarh Rail Systems Limited held its 29th AGM on 30th September 2026 via video…
Read the full analysis - Titagarh Rail Systems Limited holds AGM on 30th September 2026; no major financial disclosures or strategic events announcedAGM/EGMlow impact
Cruxal's analysis: Titagarh Rail Systems Limited conducted its 29th AGM via video conferencing on 30th…
Read the full analysis - Intimation of Closure of Trading WindowInsider Trading / SASTlow impact
- Titagarh Rail Systems Ltd releases press release dated 15th September 2026Company Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Ltd has filed a press release dated 15th September 2026 with the…
Read the full analysis - Titagarh Rail Systems signs Joint Venture Agreement with BHELCompany Updatemedium impact
Cruxal's analysis: Titagarh Rail Systems Ltd has entered into a formal Joint Venture Agreement with Bharat…
Read the full analysis - Titagarh Rail Systems Ltd announces completion of dispatch of notice for 29th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Ltd has published a newspaper advertisement on September 9, 2026…
Read the full analysis - Titagarh Rail Systems Ltd: Routine shareholder communication regarding regulatory complianceCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Ltd has filed a disclosure regarding letters sent to shareholders…
Read the full analysis - Titagarh Rail Systems Limited issues mandatory TDS communication for upcoming dividend payoutCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Limited has issued a formal communication to shareholders regarding…
Read the full analysis - Titagarh Rail Systems Limited schedules 29th Annual General Meeting for September 30, 2026, and sets September 23, 2026, as record date for dividendCorp. Actionlow impact
Cruxal's analysis: Titagarh Rail Systems Limited has announced that its 29th Annual General Meeting will be…
Read the full analysis - Titagarh Rail Systems Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Titagarh Rail Systems Ltd has submitted its Business Responsibility and Sustainability…
Read the full analysis - Titagarh Rail Systems Limited announces 29th AGM for September 30, 2026, and proposes re-appointment and remuneration revisions for key management personnelAGM/EGMlow impact
Cruxal's analysis: Titagarh Rail Systems Limited has issued a notice for its 29th Annual General Meeting to…
Read the full analysis - Titagarh Rail Systems Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Titagarh Rail Systems Limited has filed its Annual Report for the financial year 2025-26…
Read the full analysis - Titagarh Rail Systems to dissolve non-operational joint venture with Mermec S.p.A; announces AGM and dividend record dateOtherslow impact
Cruxal's analysis: Titagarh Rail Systems Limited has announced the closure of its non-operational joint…
Read the full analysis - Titagarh Rail Systems Announces Senior Management Restructuring in Passenger Rail Systems BusinessCompany Updatemedium impact
Cruxal's analysis: Titagarh Rail Systems Limited has announced a leadership change within its Passenger Rail…
Read the full analysis - Titagarh Rail Systems signs non-binding Memorandum of Undertaking with SiemensCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Limited has entered into a non-binding Memorandum of Undertaking…
Read the full analysis - Titagarh Rail Systems Ltd releases press release dated 21st August 2026Company Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Ltd has filed a routine press release dated 21st August 2026 under…
Read the full analysis - Titagarh Rail Systems receives vendor status upgrade for 3-Phase Locomotive Traction Motor (6FRA-6068)Company Updatemedium impact
Cruxal's analysis: Titagarh Rail Systems has announced an upgrade in its vendor status for the 3-Phase…
Read the full analysis - Titagarh Rail Systems Limited Files Transcript of Q1 FY27 Earnings CallCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Limited has formally filed the transcript of its Q1 FY27 earnings…
Read the full analysis - Titagarh Rail Systems Limited releases audio recording of Q1 FY27 earnings conference callCompany Updatelow impact
Cruxal's analysis: Titagarh Rail Systems Limited has formally disclosed the audio recording link for its Q1…
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