Railway Equipment Stocks and Companies in India

The largest Railway Equipment stock in India by market value is Airfloa Rail Technology (₹1,163 crore), at prices of 6 Nov 2026.

• Airfloa Rail Technology: ₹484.90 | market value ₹1,163 crore | P/E 29.7

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

All 1 listed Indian Railway Equipment company is named here, largest first. This is the set of company people mean when they search for a Nifty Railway Equipment index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Airfloa Rail Technology Ltd₹1,150 cr

One Railway Equipment company has a page on Sector Alpha, as of 6 November 2026: Airfloa Rail Technology, with a market value of ₹1,152 crore.

Download this Railway Equipment company (CSV)

The 52-week comparison of Railway Equipment against NIFTY 500 is not available from the current market series. The one company we track passes the weekly momentum test (5+ points ahead of the NIFTY over 3 months, within 20% of its 52-week high). Readings are as of 6 November 2026.

Relative-strength score for the industry: 59.5 as of 6 November 2026 (leaders, rising).

The 52-week comparison for the industry is not available. 1 of 1 companies we track is currently doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months).

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Airfloa Rail Technology Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 42.5% evidence confidence.

Airfloa Rail Technology Ltd is the only company we track in Railway Equipment; its price moved +24.8% over one year. Against the NIFTY it is 40.2% ahead on relative strength. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Railway Equipment itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1 of 1 Railway Equipment companies held a results call for January to March 2026. Airfloa Rail Technology guided: FY27 revenue ₹500 crore.

From the results calls for January to March 2026.

No company in this Railway Equipment comparison reports revenue on a comparable basis, so there is nothing to rank here, 0 of 1 company has a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Airfloa Rail Technology Ltd is the only Railway Equipment company on this page, with OPM of 18%. The same company also has the highest Margin change, at −6 percentage points. That is the only usable OPM reading on this page, current through Mar 2026. Its OPM series carries 4 reported observations across the 4-quarter window.

What the numbers say: Airfloa Rail Technology Ltd leads both opm at 18% and margin change at −6 percentage points.

What this means: Airfloa Rail Technology Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM

Airfloa Rail Technology Ltd: 18%

Margin change

Airfloa Rail Technology Ltd: −6.0 pp

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

No company in this Railway Equipment comparison reports net profit on a comparable basis, so there is nothing to rank here, 0 of 1 company has a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Airfloa Rail Technology Ltd is the only Railway Equipment company on this page, with ROCE of 25.6%. That is the only usable ROCE reading on this page, current through Mar 2026.

What the numbers say: A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Airfloa Rail Technology Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

No quarter-by-quarter ROCE chart yet: the company has too few comparable reported quarters. The latest figures are in the table below.

ROCE

Airfloa Rail Technology Ltd: 26%

All-company data · latest reported quarter

ROCE change is left out: no company here reports it on a comparable basis.

No company in this Railway Equipment comparison reports a valuation figure this section can compare, so the PEG rank is empty. Airfloa Rail Technology Ltd's P/E is 29.4× at the latest share price; the chart and table below show it at each quarter end.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

P/E at the latest share price

Airfloa Rail Technology Ltd: 29.4×

All-company data · latest reported quarter

PEG is left out: no company here reports it on a comparable basis.

Railway Equipment companies show up on one of our India lists. The most are on the momentum stocks list (1 company).

This Railway Equipment comparison names 5 specific ways its own evidence can mislead, all listed below. The one company here reports on comparable dates, so no rank carries a stale marker. 3 of the 5 ranked sections have fewer than three usable current readings. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 1 Railway Equipment company, normalized to a common ₹ scale and a shared quarter axis of up to 4 quarters each. Fundamentals run through Mar 2026 and market data through 6 November 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 15 answers restate the Railway Equipment comparison above in question form. Every one is computed from the same 1 company and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 6 November 2026. Nothing here is estimated, and none of it is a recommendation.