# Railway Equipment Stocks and Companies in India (1 company) > There is 1 listed Railway Equipment stock in India: Airfloa Rail Technology (₹1,163 crore), at prices of 6 November 2026. 1 of the 1 company we track is beating the Nifty 500 on share price over recent months. Data as of 7 November 2026. Prices as of 6 November 2026. Page: https://www.sectoralpha.in/sectors/railway-equipment The main question: the lead sits with a few companies, so how long it lasts matters more than the rank. Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Companies, largest first - Airfloa Rail Technology Ltd (544516): https://www.sectoralpha.in/stocks/airfloa-rail-technology-ltd ## Which are the biggest Railway Equipment stocks 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. ## Is there a Nifty Railway Equipment index, and what is in it? 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. ## How many Railway Equipment companies are listed in India? 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. ## Is Railway Equipment outperforming NIFTY 500? 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. Sector vs NIFTY 500 · 13 weeks Sector vs NIFTY 500 · 52 weeks 1 of 1 Stocks leading NIFTY 500 Relative-strength score for the industry: 59.5 as of 6 November 2026 (leaders, rising). ## What is the bottom line on Railway Equipment? 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). ## How does each Railway Equipment stock score? 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. Growth & earnings · 35% Capital efficiency · 25% Valuation · 20% Relative strength · 20% Airfloa Rail Technology Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 42.5% evidence confidence. 1. Airfloa Rail Technology Ltd breaking out · provisional · 43% evidence 59.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue n/a · PAT n/a · OPM change −6 pp · 14% evidence Capital efficiency 20.1/25 · ROCE 25.6% · OPM 18% · 95% evidence Valuation 10.0/20 · P/E 29.4× · PEG n/a · 0% evidence Relative strength 12.5/20 · RS sector 0% · RS bench 40.2% · 1Y 24.8% · 70% evidence · 11 of 12 weeks ahead Exact sum: 16.6 + 20.1 + 10 + 12.5 = 59.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. How this score is built, and what the marks mean Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. ## How have Railway Equipment share prices moved? 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. ## What did Railway Equipment managements say about January to March 2026? 1 of 1 Railway Equipment companies held a results call for January to March 2026. Airfloa Rail Technology guided: FY27 revenue ₹500 crore. Airfloa Rail Technology call 3 June 2026 > “While the opportunity landscape remained robust, we stayed disciplined in our approach and chose not to pursue growth at the expense of profitability. In several instances, we requested customers to re-tender projects where the economics no longer met our return expectations” > Manikandan Dakshinamurthy, Joint Managing Director Guided: FY27 revenue ₹500 crore. (From the results calls for January to March 2026.) ## Which Railway Equipment companies have the most revenue, and which grow fastest? 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. ## Which Railway Equipment companies keep the most from each ₹100 of sales? 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. ## Which Railway Equipment companies earn the most profit? 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. ## Which Railway Equipment companies earn the best return on capital? 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. ## How are Railway Equipment stocks valued against growth and quality? 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. ## Which stock lists do Railway Equipment companies appear on? Railway Equipment companies show up on one of our India lists. The most are on the momentum stocks list (1 company). Momentum stocks 1 company: Airfloa Rail Technology ## What can make this comparison misleading? 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. ## How was this comparison built? 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. ## What else do people ask about Railway Equipment stocks? ### Is the Railway Equipment sector outperforming NIFTY 500? 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). ### Which Railway Equipment company has the strongest 4-Factor Sector Score? Airfloa Rail Technology Ltd ranks first at 59.2 out of 100, with 42.5% of the evidence available. The score ranks published data; it is not a recommendation. ### How much history does this Railway Equipment comparison include? The page compares up to 4 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four parts add up directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or old evidence moves only that part toward the middle. ### Is there a Nifty Railway Equipment index? NSE runs Nifty indices for several broad sectors, such as Nifty Bank, Nifty IT and Nifty Pharma, but not for every smaller group on this site. Whether or not an official Nifty index covers Railway Equipment, this page builds its own equal-weight basket of 1 listed Railway Equipment company: one company, one vote, whatever its size, so no single large company dominates. Figures are as of Mar 2026. ### Which are the best Railway Equipment stocks in India? Ranked by this page's four-factor score, Airfloa Rail Technology Ltd comes first among 1 listed Railway Equipment company. That is a ranking of published data (earnings, quality, valuation and share-price behaviour as of Mar 2026), not a recommendation. ### How many Railway Equipment stocks are listed in India? This comparison covers 1 listed Railway Equipment company in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026. ### Which Railway Equipment company has the best profit margins? Airfloa Rail Technology Ltd has the highest operating margin at 18%, from 1 of 1 comparable companies. Airfloa Rail Technology Ltd shows the biggest recent improvement, at −6 percentage points. A high margin matters most when it is steady or rising, not when it is at a peak. ### Which Railway Equipment company earns the highest return on capital? Airfloa Rail Technology Ltd leads on return on capital employed at 25.6%, across 1 of 1 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year. ### Which Railway Equipment stock has the strongest price momentum? Airfloa Rail Technology Ltd has the strongest relative strength against the NIFTY 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them. ### How many Railway Equipment companies does this comparison cover, and over what period? This comparison covers 1 listed company over up to 4 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list, nothing is dropped for having thin data. ### What is the total market cap of the Railway Equipment sector? The 1 Railway Equipment companies on this page carry ₹1,152 crore of combined market value. Airfloa Rail Technology Ltd is the largest at ₹1,152 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 6 November 2026. ### How is the Railway Equipment sector performing? 1 of the 1 Railway Equipment companies we track is doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months). A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 6 November 2026. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad. ### Is this advice? No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser. This is research, not advice. We’re not SEBI-registered.