Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Railways Stocks in India

Railways: Indian Railway Finance Corporation Ltd owns the largest revenue base; Cosmic CRF Ltd has the fastest current growth.

01 · the index people search for

Nifty Railways Index — Constituents & Performance

The Railways companies below are the listed Indian Railways universe this page tracks — the same constituent set people search for as the Nifty Railways index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Railways moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 50% behind NIFTY 500. Earnings across its companies grew 1% on average over the last four reported quarters — close to flat.

FADING · −3 in 4w✓Price down, no fundamental support1 of 9 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 1/9 >200d (+0) · 1/9 lead (−3) · EPS 6/8↑

2005001000200020262025202420232022 978333 TRAILING 12-MONTH EPS · 100 AT THE START0100176Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · up 45.1% on a year ago · 5 reportingSep 2022 · trailing 12-month earnings per share at 108, against 100 at the start · up 8.7% on a year ago · 5 reportingDec 2022 · trailing 12-month earnings per share at 114, against 100 at the start · down 7.9% on a year ago · 5 reportingMar 2023 · trailing 12-month earnings per share at 113, against 100 at the start · down 3.0% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 129, against 100 at the start · down 1.0% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 129, against 100 at the start · up 12.8% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 161, against 100 at the start · up 18.0% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 169, against 100 at the start · up 57.0% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 173, against 100 at the start · up 28.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 176, against 100 at the start · up 28.2% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 174, against 100 at the start · up 12.3% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 107, against 100 at the start · up 1.6% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 136, against 100 at the start · down 9.4% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 115, against 100 at the start · up 0.8% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 7.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 115, against 100 at the start · up 6.3% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two115 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000200020262025202420232022 978333 TRAILING 12-MONTH EPS · 100 AT THE START0100176Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · up 45.1% on a year ago · 5 reportingSep 2022 · trailing 12-month earnings per share at 108, against 100 at the start · up 8.7% on a year ago · 5 reportingDec 2022 · trailing 12-month earnings per share at 114, against 100 at the start · down 7.9% on a year ago · 5 reportingMar 2023 · trailing 12-month earnings per share at 113, against 100 at the start · down 3.0% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 129, against 100 at the start · down 1.0% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 129, against 100 at the start · up 12.8% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 161, against 100 at the start · up 18.0% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 169, against 100 at the start · up 57.0% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 173, against 100 at the start · up 28.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 176, against 100 at the start · up 28.2% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 174, against 100 at the start · up 12.3% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 107, against 100 at the start · up 1.6% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 136, against 100 at the start · down 9.4% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 115, against 100 at the start · up 0.8% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 7.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 115, against 100 at the start · up 6.3% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two115No earnings on file this far back — the price series reaches further than the filings do
Railways, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Railways outperforming NIFTY 500?

Railways has underperformed NIFTY 500 by 12.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.3%. 2 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Cosmic CRF Ltd is the strongest against the sector itself at +31.4%. Readings are as of 2026-07-19.

+0.3%Sector vs NIFTY 500 · 13 weeks
-12.8%Sector vs NIFTY 500 · 52 weeks
2/9Stocks leading NIFTY 500
7/9Stocks leading sector

Sector metric: 34.4 as of 2026-07-19 · LEADERS · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Railways has underperformed NIFTY 500 by 12.8% over 52 weeks and 0.3% over 13 weeks. 2 of 9 covered companies beat NIFTY on Mansfield relative strength, while 7 of 9 beat the sector itself. Indian Railway Finance Corporation Ltd leads with revenue of ₹28,630 crore, based on 9 of 9 comparable companies through Jun 2026.

Companies
9
complete canonical membership
Combined market value
₹2.0 L Cr
Indian Railway Finance Corporation Ltd
Revenue growing
5/9
positive TTM year-on-year growth
Beating NIFTY 500
2/9
positive Mansfield relative strength
Comparing 5 of 9
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Cosmic CRF Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.6% evidence confidence.
Texmaco Rail & Engineering Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Cosmic CRF Ltd543928 66.7/100Thin evidence · provisional59% evidence BREAKING OUT 23.5/35 Revenue 100% · PAT 100% · OPM change 0 pp 48% evidence 13.2/25 ROCE 13.6% · OPM 10% 76% evidence 10.0/20 P/E 26× · PEG — 15% evidence 20.0/20 RS sector 31.4% · RS bench 27.8% · 1Y -7.8%9 of 12 weeks ahead 100% evidence
Exact sum: 23.5 + 13.2 + 10 + 20 = 66.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Railtel Corporation of India LtdRAILTEL 59.7/100Mixed-positive evidence90% evidence ASLEEP 21.4/35 Revenue 31.7% · PAT 6.5% · OPM change 0.4 pp 88% evidence 16.6/25 ROCE 16.2% · OPM 11% 100% evidence 11.4/20 P/E 48.7× · PEG 1.76 100% evidence 10.3/20 RS sector 5.3% · RS bench -15.2% · 1Y -27.9%3 of 11 weeks ahead 70% evidence
Exact sum: 21.4 + 16.6 + 11.4 + 10.3 = 59.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Rites LtdRITES 52.1/100Mixed-positive evidence90% evidence ASLEEP 14.6/35 Revenue 9.6% · PAT 7.6% · OPM change -9 pp 88% evidence 18.1/25 ROCE 22% · OPM 22% 100% evidence 6.4/20 P/E 25.1× · PEG 2.34 100% evidence 13.0/20 RS sector 7.4% · RS bench -7.3% · 1Y -19.1%0 of 10 weeks ahead 70% evidence
Exact sum: 14.6 + 18.1 + 6.4 + 13 = 52.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
4Indian Railway Catering & Tourism Corporation LtdIRCTC 50.5/100Mixed-positive evidence83% evidence ASLEEP 13.2/35 Revenue 11.5% · PAT 5.9% · OPM change -3 pp 88% evidence 22.3/25 ROCE 46.1% · OPM 27% 100% evidence 6.5/20 P/E 28.4× · PEG 2.43 65% evidence 8.5/20 RS sector 4.2% · RS bench -21.5% · 1Y -34.3%0 of 10 weeks ahead 70% evidence
Exact sum: 13.2 + 22.3 + 6.5 + 8.5 = 50.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5Indian Railway Finance Corporation LtdIRFC 47.7/100Mixed-negative evidence85% evidence ASLEEP 18.1/35 Revenue 4.9% · PAT 7.8% · OPM change 0.2 pp 74% evidence 7.2/25 ROCE 5.6% · OPM 99.5% 100% evidence 11.8/20 P/E 16.2× · PEG 2.24 100% evidence 10.6/20 RS sector 7.1% · RS bench -20.3% · 1Y -32.5%0 of 10 weeks ahead 70% evidence
Exact sum: 18.1 + 7.2 + 11.8 + 10.6 = 47.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Texmaco Rail & Engineering LtdTEXRAIL 46.2/100Mixed-negative evidence89% evidence FADING 14.0/35 Revenue -14.3% · PAT -22.2% · OPM change 2 pp 88% evidence 7.9/25 ROCE 11.4% · OPM 9% 100% evidence 15.5/20 P/E 23× · PEG 0.81 65% evidence 8.8/20 RS sector -5.9% · RS bench -8.4% · 1Y -27.1%7 of 12 weeks ahead 100% evidence
Exact sum: 14 + 7.9 + 15.5 + 8.8 = 46.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7Oriental Rail Infrastructure Ltd531859 46.0/100Mixed-negative evidence71% evidence ASLEEP 23.1/35 Revenue -4.8% · PAT 48.3% · OPM change 3 pp 83% evidence 11.8/25 ROCE 12.2% · OPM 15% 76% evidence 11.1/20 P/E 17.4× · PEG — 15% evidence 0.0/20 RS sector -22.7% · RS bench -24.6% · 1Y -33.6%6 of 12 weeks ahead 100% evidence
Exact sum: 23.1 + 11.8 + 11.1 + 0 = 46 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is -33.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
8Titagarh Rail Systems LtdTITAGARH 45.1/100Mixed-negative evidence88% evidence BREAKING OUT 14.2/35 Revenue -17.7% · PAT 92% · OPM change 9.2 pp 65% evidence 8.9/25 ROCE 10.6% · OPM 11% 100% evidence 9.5/20 P/E 69.5× · PEG 1.69 100% evidence 12.5/20 RS sector 3.1% · RS bench 0.6% · 1Y -5.7%9 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 8.9 + 9.5 + 12.5 = 45.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Jupiter Wagons LtdJWL 25.8/100Adverse evidence90% evidence ASLEEP 4.8/35 Revenue -26.5% · PAT -56.6% · OPM change -4 pp 88% evidence 7.2/25 ROCE 9.2% · OPM 10% 100% evidence 0.9/20 P/E 60.5× · PEG 3.78 100% evidence 12.9/20 RS sector 8.4% · RS bench -13.2% · 1Y -26.5%1 of 10 weeks ahead 70% evidence
Exact sum: 4.8 + 7.2 + 0.9 + 12.9 = 25.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Titagarh Rail Systems Ltd has the strongest one-year price move in Railways at -5.7%. Cosmic CRF Ltd leads on Mansfield relative strength against NIFTY at +27.8%. 2 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

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.

06 · compare level, then change

Revenue Scale & Growth Durability

Indian Railway Finance Corporation Ltd has the highest Revenue among the 9 Railways companies compared here, at ₹28,630 crore. Indian Railway Catering & Tourism Corporation Ltd is next at ₹5,215 crore. Cosmic CRF Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Indian Railway Finance Corporation Ltd is the scale leader at ₹28,630 crore, 449% ahead of Indian Railway Catering & Tourism Corporation Ltd. Cosmic CRF Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 197.9% from a ₹1,117 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderIndian Railway Finance Corporation Ltd · ₹28,630 crore
Gap449% versus #2 · Indian Railway Catering & Tourism Corporation Ltd
Persistence6/8 recent comparable periods
Coverage9/9 companies · 155 observations

Investor read: Indian Railway Finance Corporation Ltd is the scale benchmark; Cosmic CRF Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Indian Railway Finance Corporation Ltd's growth falls below Cosmic CRF Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Indian Railway Finance Corporation Ltd IRFC₹28.6K Cr
2Indian Railway Catering & Tourism Corporation Ltd IRCTC₹5.2K Cr
3Texmaco Rail & Engineering Ltd TEXRAIL₹4.4K Cr
4Titagarh Rail Systems Ltd TITAGARH₹3.2K Cr
5Jupiter Wagons Ltd JWL₹2.9K Cr
Revenue growthfastest growers
1Cosmic CRF Ltd 543928100%
2Railtel Corporation of India Ltd RAILTEL32%
3Indian Railway Catering & Tourism Corporation Ltd IRCTC12%
4Rites Ltd RITES9.6%
5Indian Railway Finance Corporation Ltd IRFC4.9%
Revenue · company comparison
9/9 level · 9/9 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyRevenueRevenue growthReported
Indian Railway Finance Corporation Ltd IRFC₹8.3K Cr19%Jun 2026
Railtel Corporation of India Ltd RAILTEL₹1.7K Cr28%Mar 2026
Indian Railway Catering & Tourism Corporation Ltd IRCTC₹1.5K Cr15%Mar 2026
Texmaco Rail & Engineering Ltd TEXRAIL₹1.2K Cr-13%Mar 2026
Titagarh Rail Systems Ltd TITAGARH₹875 Cr-13%Mar 2026
Jupiter Wagons Ltd JWL₹780 Cr-25%Mar 2026
Rites Ltd RITES₹768 Cr28%Mar 2026
Cosmic CRF Ltd 543928₹412 Cr78%Mar 2026
Oriental Rail Infrastructure Ltd 531859₹153 Cr9.3%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
₹13 Cr
—
₹109 Cr
—
₹123 Cr
—
₹130 Cr
—
₹169 Cr
—
₹232 Cr
—
₹304 Cr
—
₹412 Cr
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

₹405 Cr
₹540 Cr
₹690 Cr
₹853 Cr
₹806 Cr
₹918 Cr
₹965 Cr
₹1.0K Cr
₹991 Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.1K Cr
₹1.4K Cr
₹1.5K Cr
—

Indian Railway Finance Corporation Ltd · IRFC

₹4.7K Cr
₹97 Cr
₹5.9K Cr
₹5.6K Cr
₹5.8K Cr
₹6.2K Cr
₹6.2K Cr
₹6.7K Cr
₹6.8K Cr
₹6.7K Cr
₹6.5K Cr
₹6.8K Cr
₹6.9K Cr
₹6.8K Cr
₹6.7K Cr
₹6.9K Cr
₹6.4K Cr
₹6.7K Cr
₹7.3K Cr
₹8.3K Cr

Jupiter Wagons Ltd · JWL

₹96 Cr
₹116 Cr
₹911 Cr
₹295 Cr
₹417 Cr
₹644 Cr
₹712 Cr
₹753 Cr
₹879 Cr
₹896 Cr
₹1.1K Cr
₹880 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹459 Cr
₹786 Cr
₹890 Cr
₹780 Cr
—

Oriental Rail Infrastructure Ltd · 531859

—
—
—
—
—
₹106 Cr
₹120 Cr
₹93 Cr
₹115 Cr
₹147 Cr
₹172 Cr
₹123 Cr
₹186 Cr
₹153 Cr
₹140 Cr
₹118 Cr
₹133 Cr
₹169 Cr
₹153 Cr
—

Railtel Corporation of India Ltd · RAILTEL

₹358 Cr
₹418 Cr
₹466 Cr
₹377 Cr
₹429 Cr
₹454 Cr
₹704 Cr
₹468 Cr
₹599 Cr
₹668 Cr
₹833 Cr
₹558 Cr
₹843 Cr
₹768 Cr
₹1.3K Cr
₹744 Cr
₹951 Cr
₹913 Cr
₹1.7K Cr
—

Rites Ltd · RITES

₹755 Cr
₹775 Cr
₹766 Cr
₹605 Cr
₹659 Cr
₹677 Cr
₹687 Cr
₹544 Cr
₹582 Cr
₹683 Cr
₹643 Cr
₹486 Cr
₹541 Cr
₹576 Cr
₹602 Cr
₹490 Cr
₹549 Cr
₹609 Cr
₹768 Cr
—

Texmaco Rail & Engineering Ltd · TEXRAIL

₹374 Cr
₹470 Cr
₹447 Cr
₹299 Cr
₹484 Cr
₹625 Cr
₹835 Cr
₹657 Cr
₹805 Cr
₹896 Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹911 Cr
₹1.3K Cr
₹1.0K Cr
₹1.2K Cr
—

Titagarh Rail Systems Ltd · TITAGARH

₹460 Cr
₹483 Cr
—
₹529 Cr
₹607 Cr
₹766 Cr
₹974 Cr
₹911 Cr
₹935 Cr
₹955 Cr
₹1.1K Cr
₹903 Cr
₹1.1K Cr
₹902 Cr
₹1.0K Cr
₹679 Cr
₹799 Cr
₹832 Cr
₹875 Cr
—

Revenue growth · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
—
—
—
—
846%
—
19%
—
37%
—
78%
—
80%
—
78%
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

—
—
—
251%
99%
70%
40%
17%
23%
22%
20%
12%
7.4%
9.6%
9.9%
3.8%
7.7%
18%
15%
—

Indian Railway Finance Corporation Ltd · IRFC

—
—
—
23%
24%
6,310%
4.4%
19%
16%
8.4%
4.5%
1.3%
2.1%
0.4%
3.8%
2.2%
-7.7%
-1.5%
9.1%
19%

Jupiter Wagons Ltd · JWL

—
—
—
427%
334%
455%
-22%
155%
111%
39%
57%
17%
15%
15%
-6.3%
-48%
-22%
-14%
-25%
—

Oriental Rail Infrastructure Ltd · 531859

—
—
—
—
—
—
—
—
—
39%
43%
32%
62%
4.1%
-19%
-4.1%
-28%
10%
9.3%
—

Railtel Corporation of India Ltd · RAILTEL

27%
1.7%
8.4%
23%
20%
8.6%
51%
24%
40%
47%
18%
19%
41%
15%
57%
33%
13%
19%
28%
—

Rites Ltd · RITES

—
—
—
70%
-13%
-13%
-10%
-10%
-12%
0.9%
-6.4%
-11%
-7.0%
-16%
-6.4%
0.8%
1.5%
5.7%
28%
—

Texmaco Rail & Engineering Ltd · TEXRAIL

—
—
—
-9.7%
29%
33%
87%
120%
66%
43%
37%
66%
67%
48%
18%
-16%
-6.5%
-21%
-13%
—

Titagarh Rail Systems Ltd · TITAGARH

—
—
—
4.3%
32%
59%
—
72%
54%
25%
8.0%
-0.9%
13%
-5.6%
-4.4%
-25%
-24%
-7.8%
-13%
—
07 · compare level, then change

Operating Economics & Margin Trend

Indian Railway Finance Corporation Ltd has the highest OPM among the 9 Railways companies compared here, at 99.5%. Indian Railway Catering & Tourism Corporation Ltd is next at 27%. Titagarh Rail Systems Ltd has the highest Margin change at +9.2 percentage points, so level and change sit with different companies.

What the numbers say: Indian Railway Finance Corporation Ltd leads opm at 99.5%; Titagarh Rail Systems Ltd leads margin change at +9.2 percentage points.

LeaderIndian Railway Finance Corporation Ltd · 99.5%
Gap268.5% versus #2 · Indian Railway Catering & Tourism Corporation Ltd
Persistence1/8 recent comparable periods
Coverage9/9 companies · 161 observations

Investor read: Indian Railway Finance Corporation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
OPMhighest
1Indian Railway Finance Corporation Ltd IRFC100%
2Indian Railway Catering & Tourism Corporation Ltd IRCTC27%
3Rites Ltd RITES22%
4Oriental Rail Infrastructure Ltd 53185915%
5Railtel Corporation of India Ltd RAILTEL11%
Margin changefastest expanders
1Titagarh Rail Systems Ltd TITAGARH+9.2 pp
2Oriental Rail Infrastructure Ltd 531859+3.0 pp
3Texmaco Rail & Engineering Ltd TEXRAIL+2.0 pp
4Railtel Corporation of India Ltd RAILTEL+0.4 pp
5Indian Railway Finance Corporation Ltd IRFC+0.2 pp
Operating margin · company comparison
9/9 level · 9/9 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Indian Railway Finance Corporation Ltd IRFC99%+0.2 ppJun 2026
Indian Railway Catering & Tourism Corporation Ltd IRCTC27%−3.0 ppMar 2026
Rites Ltd RITES22%−9.0 ppMar 2026
Oriental Rail Infrastructure Ltd 53185915%+3.0 ppMar 2026
Titagarh Rail Systems Ltd TITAGARH11%+9.2 ppMar 2026
Railtel Corporation of India Ltd RAILTEL11%+0.4 ppMar 2026
Cosmic CRF Ltd 54392810%0.0 ppMar 2026
Jupiter Wagons Ltd JWL10%−4.0 ppMar 2026
Texmaco Rail & Engineering Ltd TEXRAIL9.0%+2.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
10%
—
10%
—
9.0%
—
8.0%
—
13%
—
10%
—
12%
—
10%
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

52%
52%
40%
38%
38%
35%
34%
34%
37%
35%
31%
34%
35%
34%
30%
34%
35%
32%
27%
—

Indian Railway Finance Corporation Ltd · IRFC

99%
100%
99%
100%
99%
100%
99%
100%
100%
99%
99%
100%
99%
99%
99%
99%
99%
98%
98%
99%

Jupiter Wagons Ltd · JWL

14%
7.5%
8.6%
10%
12%
12%
13%
13%
14%
14%
13%
16%
14%
14%
14%
13%
13%
13%
10%
—

Oriental Rail Infrastructure Ltd · 531859

18%
17%
19%
24%
21%
8.0%
-4.6%
14%
15%
16%
7.0%
11%
12%
11%
12%
12%
16%
15%
15%
—

Railtel Corporation of India Ltd · RAILTEL

31%
17%
21%
18%
23%
16%
14%
16%
19%
12%
15%
12%
11%
10%
11%
9.7%
11%
9.3%
11%
—

Rites Ltd · RITES

30%
25%
27%
30%
27%
29%
28%
30%
24%
25%
27%
22%
20%
20%
31%
23%
24%
23%
22%
—

Texmaco Rail & Engineering Ltd · TEXRAIL

10%
7.8%
6.3%
-3.1%
9.0%
9.0%
7.0%
3.2%
9.0%
9.0%
7.0%
10%
10%
10%
7.0%
8.0%
10%
9.0%
9.0%
—

Titagarh Rail Systems Ltd · TITAGARH

11%
11%
11%
9.3%
8.8%
9.0%
9.0%
12%
12%
12%
11%
11%
12%
10%
1.8%
9.0%
9.0%
11%
11%
—

Margin change · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
—
—
—
—
−1.0 pp
—
−2.0 pp
—
+4.0 pp
—
+2.0 pp
—
−1.0 pp
—
0.0 pp
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

+58.5 pp
+9.5 pp
−2.5 pp
−8.2 pp
−14.4 pp
−16.2 pp
−6.3 pp
−3.6 pp
−0.8 pp
−0.5 pp
−3.0 pp
0.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
0.0 pp
0.0 pp
−2.0 pp
−3.0 pp
—

Indian Railway Finance Corporation Ltd · IRFC

−0.1 pp
+0.0 pp
−0.3 pp
−0.3 pp
+0.0 pp
−0.3 pp
+0.6 pp
−0.0 pp
+0.1 pp
−0.0 pp
+0.2 pp
−0.0 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.2 pp
−0.2 pp
−1.0 pp
−1.0 pp
+0.2 pp

Jupiter Wagons Ltd · JWL

+7.6 pp
+1.2 pp
+0.2 pp
+0.2 pp
−1.8 pp
+4.5 pp
+4.4 pp
+3.0 pp
+2.2 pp
+2.0 pp
0.0 pp
+3.0 pp
0.0 pp
0.0 pp
+1.0 pp
−3.0 pp
−1.0 pp
−1.0 pp
−4.0 pp
—

Oriental Rail Infrastructure Ltd · 531859

+3.8 pp
+3.6 pp
+5.8 pp
+8.8 pp
+2.9 pp
−8.8 pp
−23.4 pp
−10.3 pp
−5.8 pp
+8.0 pp
+11.6 pp
−3.0 pp
−3.0 pp
−5.0 pp
+5.0 pp
+1.0 pp
+4.0 pp
+4.0 pp
+3.0 pp
—

Railtel Corporation of India Ltd · RAILTEL

+5.0 pp
−13.0 pp
+4.0 pp
−1.0 pp
−8.0 pp
−1.0 pp
−7.0 pp
−2.0 pp
−4.0 pp
−4.3 pp
+0.9 pp
−4.2 pp
−8.4 pp
−1.5 pp
−4.3 pp
−2.1 pp
+0.7 pp
−0.9 pp
+0.4 pp
—

Rites Ltd · RITES

+0.5 pp
−4.1 pp
−1.6 pp
+2.3 pp
−2.1 pp
+3.8 pp
+1.3 pp
+0.4 pp
−3.5 pp
−4.0 pp
−1.0 pp
−8.0 pp
−4.0 pp
−5.0 pp
+4.0 pp
+1.0 pp
+4.0 pp
+3.0 pp
−9.0 pp
—

Texmaco Rail & Engineering Ltd · TEXRAIL

+1.8 pp
−3.1 pp
−1.7 pp
−14.2 pp
−1.4 pp
+1.2 pp
+0.7 pp
+6.3 pp
+0.1 pp
0.0 pp
0.0 pp
+6.8 pp
+1.0 pp
+1.0 pp
0.0 pp
−2.0 pp
0.0 pp
−1.0 pp
+2.0 pp
—

Titagarh Rail Systems Ltd · TITAGARH

+4.1 pp
+5.2 pp
+6.2 pp
+0.6 pp
−2.4 pp
−2.3 pp
−1.9 pp
+2.7 pp
+3.2 pp
+3.0 pp
+2.0 pp
−1.0 pp
0.0 pp
−2.0 pp
−9.2 pp
−2.0 pp
−3.0 pp
+1.0 pp
+9.2 pp
—
08 · compare level, then change

Profit Scale & Acceleration

Indian Railway Finance Corporation Ltd has the highest Net profit among the 9 Railways companies compared here, at ₹7,190 crore. Indian Railway Catering & Tourism Corporation Ltd is next at ₹1,393 crore. Cosmic CRF Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Indian Railway Finance Corporation Ltd leads with ₹7,190 crore of TTM profit, 416.2% above Indian Railway Catering & Tourism Corporation Ltd. Cosmic CRF Ltd shows ≥100% on the scoring scale (295% uncapped) growth from a ₹79 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderIndian Railway Finance Corporation Ltd · ₹7,190 crore
Gap416.2% versus #2 · Indian Railway Catering & Tourism Corporation Ltd
Persistence7/8 recent comparable periods
Coverage9/9 companies · 155 observations

Investor read: Indian Railway Finance Corporation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

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.
Net profitlargest
1Indian Railway Finance Corporation Ltd IRFC₹7.2K Cr
2Indian Railway Catering & Tourism Corporation Ltd IRCTC₹1.4K Cr
3Rites Ltd RITES₹454 Cr
4Railtel Corporation of India Ltd RAILTEL₹214 Cr
5Texmaco Rail & Engineering Ltd TEXRAIL₹193 Cr
Profit growthfastest growers
1Cosmic CRF Ltd 543928100%
2Oriental Rail Infrastructure Ltd 53185948%
3Indian Railway Finance Corporation Ltd IRFC7.8%
4Rites Ltd RITES7.6%
5Railtel Corporation of India Ltd RAILTEL6.5%
Net profit · company comparison
9/9 level · 8/9 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Indian Railway Finance Corporation Ltd IRFC₹1.9K Cr10%Jun 2026
Indian Railway Catering & Tourism Corporation Ltd IRCTC₹326 Cr-8.9%Mar 2026
Railtel Corporation of India Ltd RAILTEL₹142 Cr26%Mar 2026
Rites Ltd RITES₹139 Cr-1.4%Mar 2026
Texmaco Rail & Engineering Ltd TEXRAIL₹58 Cr49%Mar 2026
Titagarh Rail Systems Ltd TITAGARH₹54 Cr-29%Mar 2026
Jupiter Wagons Ltd JWL₹27 Cr-74%Mar 2026
Cosmic CRF Ltd 543928₹26 Cr136%Mar 2026
Oriental Rail Infrastructure Ltd 531859₹12 Cr140%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
₹1 Cr
—
₹6 Cr
—
₹7 Cr
—
₹6 Cr
—
₹18 Cr
—
₹11 Cr
—
₹24 Cr
—
₹26 Cr
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

₹159 Cr
₹209 Cr
₹210 Cr
₹246 Cr
₹226 Cr
₹256 Cr
₹279 Cr
₹232 Cr
₹295 Cr
₹300 Cr
₹284 Cr
₹308 Cr
₹308 Cr
₹341 Cr
₹358 Cr
₹331 Cr
₹342 Cr
₹394 Cr
₹326 Cr
—

Indian Railway Finance Corporation Ltd · IRFC

₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.3K Cr
₹1.6K Cr
₹1.5K Cr
₹1.6K Cr
₹1.7K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.8K Cr
₹1.8K Cr
₹1.7K Cr
₹1.9K Cr

Jupiter Wagons Ltd · JWL

₹2 Cr
₹2 Cr
₹49 Cr
₹13 Cr
₹24 Cr
₹45 Cr
₹39 Cr
₹63 Cr
₹82 Cr
₹81 Cr
₹105 Cr
₹92 Cr
₹89 Cr
₹96 Cr
₹103 Cr
₹31 Cr
₹45 Cr
₹62 Cr
₹27 Cr
—

Oriental Rail Infrastructure Ltd · 531859

—
—
—
—
—
₹2 Cr
₹-8 Cr
₹5 Cr
₹8 Cr
₹13 Cr
₹4 Cr
₹6 Cr
₹10 Cr
₹8 Cr
₹5 Cr
₹6 Cr
₹11 Cr
₹14 Cr
₹12 Cr
—

Railtel Corporation of India Ltd · RAILTEL

₹68 Cr
₹66 Cr
₹54 Cr
₹26 Cr
₹55 Cr
₹32 Cr
₹76 Cr
₹38 Cr
₹68 Cr
₹62 Cr
₹78 Cr
₹49 Cr
₹73 Cr
₹65 Cr
₹113 Cr
₹66 Cr
₹76 Cr
₹62 Cr
₹142 Cr
—

Rites Ltd · RITES

₹174 Cr
₹144 Cr
₹142 Cr
₹145 Cr
₹140 Cr
₹147 Cr
₹139 Cr
₹120 Cr
₹110 Cr
₹129 Cr
₹137 Cr
₹90 Cr
₹82 Cr
₹109 Cr
₹141 Cr
₹91 Cr
₹109 Cr
₹115 Cr
₹139 Cr
—

Texmaco Rail & Engineering Ltd · TEXRAIL

₹6 Cr
₹2 Cr
₹5 Cr
₹-21 Cr
₹15 Cr
₹13 Cr
₹18 Cr
₹13 Cr
₹25 Cr
₹30 Cr
₹45 Cr
₹59 Cr
₹74 Cr
₹76 Cr
₹39 Cr
₹29 Cr
₹64 Cr
₹42 Cr
₹58 Cr
—

Titagarh Rail Systems Ltd · TITAGARH

₹6 Cr
₹1 Cr
—
₹0 Cr
₹45 Cr
₹33 Cr
₹48 Cr
₹62 Cr
₹71 Cr
₹75 Cr
₹79 Cr
₹67 Cr
₹81 Cr
₹63 Cr
₹-124 Cr
₹31 Cr
₹37 Cr
₹45 Cr
₹54 Cr
—

Profit growth · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
—
—
—
—
600%
—
0.0%
—
157%
—
83%
—
33%
—
136%
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

—
—
—
196%
42%
22%
33%
-5.7%
31%
17%
1.8%
33%
4.4%
14%
26%
7.5%
11%
16%
-8.9%
—

Indian Railway Finance Corporation Ltd · IRFC

—
—
—
11%
14%
2.5%
-14%
-6.3%
-9.9%
-2.1%
34%
1.3%
4.4%
2.0%
-2.0%
11%
10%
10%
0.1%
10%

Jupiter Wagons Ltd · JWL

—
—
—
—
1,100%
2,150%
-20%
385%
242%
80%
169%
46%
8.5%
19%
-1.9%
-66%
-49%
-35%
-74%
—

Oriental Rail Infrastructure Ltd · 531859

—
—
—
—
—
—
—
—
—
550%
—
20%
25%
-38%
25%
0.0%
10%
75%
140%
—

Railtel Corporation of India Ltd · RAILTEL

134%
-5.7%
100%
24%
-19%
-52%
41%
46%
24%
94%
2.6%
29%
7.4%
4.8%
45%
35%
4.1%
-4.6%
26%
—

Rites Ltd · RITES

—
—
—
86%
-20%
2.1%
-2.1%
-17%
-21%
-12%
-1.4%
-25%
-25%
-16%
2.9%
1.1%
33%
5.5%
-1.4%
—

Texmaco Rail & Engineering Ltd · TEXRAIL

—
—
—
-400%
150%
550%
260%
—
67%
131%
150%
354%
196%
153%
-13%
-51%
-14%
-45%
49%
—

Titagarh Rail Systems Ltd · TITAGARH

—
—
—
-100%
650%
3,200%
—
—
58%
127%
65%
8.1%
14%
-16%
-257%
-54%
-54%
-29%
—
—
09 · compare level, then change

Return On Capital Employed

Indian Railway Catering & Tourism Corporation Ltd has the highest ROCE among the 9 Railways companies compared here, at 46.1%. Rites Ltd is next at 22%. Cosmic CRF Ltd has the highest ROCE change at +5 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Indian Railway Catering & Tourism Corporation Ltd leads ROCE at 46.1%, 24.1 percentage points above Rites Ltd. Cosmic CRF Ltd has the strongest latest improvement at +5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderIndian Railway Catering & Tourism Corporation Ltd · 46.1%
Gap109.5% versus #2 · Rites Ltd
Persistence0/8 recent comparable periods
Coverage9/9 companies · 88 observations

Investor read: Indian Railway Catering & Tourism Corporation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
ROCEhighest
1Indian Railway Catering & Tourism Corporation Ltd IRCTC46%
2Rites Ltd RITES22%
3Railtel Corporation of India Ltd RAILTEL16%
4Cosmic CRF Ltd 54392814%
5Oriental Rail Infrastructure Ltd 53185912%
ROCE changefastest improvers
1Cosmic CRF Ltd 543928+5.0 pp
2Oriental Rail Infrastructure Ltd 531859+1.0 pp
3Railtel Corporation of India Ltd RAILTEL+0.8 pp
4Texmaco Rail & Engineering Ltd TEXRAIL+0.2 pp
5Rites Ltd RITES−0.5 pp
Return on capital · company comparison
9/9 level · 8/9 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Indian Railway Catering & Tourism Corporation Ltd IRCTC35%−2.4 ppMar 2026
Railtel Corporation of India Ltd RAILTEL18%+0.8 ppMar 2026
Rites Ltd RITES15%−0.5 ppMar 2026
Texmaco Rail & Engineering Ltd TEXRAIL12%+0.2 ppMar 2026
Titagarh Rail Systems Ltd TITAGARH11%−4.7 ppMar 2026
Jupiter Wagons Ltd JWL8.8%−9.7 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

28%
—
40%
—
45%
—
45%
—
43%
54%
41%
52%
39%
49%
38%
49%
34%
46%
35%
—

Jupiter Wagons Ltd · JWL

64%
—
13%
—
21%
—
27%
—
33%
46%
27%
41%
19%
30%
19%
21%
14%
14%
8.8%
—

Railtel Corporation of India Ltd · RAILTEL

13%
15%
11%
18%
11%
14%
13%
16%
14%
—
16%
—
18%
—
17%
—
16%
—
18%
—

Rites Ltd · RITES

22%
—
23%
—
24%
—
23%
—
21%
23%
20%
21%
17%
19%
16%
20%
15%
20%
15%
—

Texmaco Rail & Engineering Ltd · TEXRAIL

10%
—
6.9%
—
3.8%
—
6.5%
—
9.6%
15%
7.9%
16%
10%
20%
12%
15%
11%
12%
12%
—

Titagarh Rail Systems Ltd · TITAGARH

6.4%
—
—
—
10%
—
20%
—
22%
32%
17%
25%
17%
22%
15%
7.1%
12%
3.7%
11%
—

ROCE change · reported quarter history

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

—
—
—
—
+17.5 pp
—
+5.8 pp
—
−2.9 pp
—
−4.6 pp
—
−4.0 pp
−5.2 pp
−3.2 pp
−3.9 pp
−4.4 pp
−2.9 pp
−2.4 pp
—

Jupiter Wagons Ltd · JWL

—
—
—
—
−42.8 pp
—
+13.8 pp
—
+12.4 pp
—
+0.9 pp
—
−13.9 pp
−15.4 pp
−8.9 pp
−19.8 pp
−5.3 pp
−15.8 pp
−9.7 pp
—

Railtel Corporation of India Ltd · RAILTEL

—
—
—
—
−2.3 pp
−1.7 pp
+1.4 pp
−1.7 pp
+2.6 pp
—
+3.5 pp
—
+4.2 pp
—
+0.5 pp
—
−1.5 pp
—
+0.8 pp
—

Rites Ltd · RITES

—
—
—
—
+1.8 pp
—
−0.6 pp
—
−2.5 pp
—
−2.5 pp
—
−4.3 pp
−4.3 pp
−4.5 pp
−1.4 pp
−1.8 pp
+1.1 pp
−0.5 pp
—

Texmaco Rail & Engineering Ltd · TEXRAIL

—
—
—
—
−6.6 pp
—
−0.4 pp
—
+5.8 pp
—
+1.4 pp
—
+0.8 pp
+4.6 pp
+4.1 pp
−1.6 pp
+1.0 pp
−7.4 pp
+0.2 pp
—

Titagarh Rail Systems Ltd · TITAGARH

—
—
—
—
+3.8 pp
—
—
—
+11.5 pp
—
−2.3 pp
—
−5.0 pp
−10.5 pp
−2.0 pp
−18.1 pp
−4.8 pp
−18.0 pp
−4.7 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Texmaco Rail & Engineering Ltd has the lowest PEG among the 9 Railways companies compared here, at 0.81×. Titagarh Rail Systems Ltd is next at 1.69×. Indian Railway Finance Corporation Ltd has the lowest P/E at 16.2×, so level and change sit with different companies. 7 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Texmaco Rail & Engineering Ltd has the lowest comparable PEG at 0.81×, 52.1% below Titagarh Rail Systems Ltd. Only 7 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderTexmaco Rail & Engineering Ltd · 0.81×
Gap52.1% versus #2 · Titagarh Rail Systems Ltd
Persistence0/8 recent comparable periods
Coverage7/9 companies · 48 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

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 recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. 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.
PEGlowest PEG
1Texmaco Rail & Engineering Ltd TEXRAIL0.8
2Titagarh Rail Systems Ltd TITAGARH1.7
3Railtel Corporation of India Ltd RAILTEL1.8
4Indian Railway Finance Corporation Ltd IRFC2.2
5Rites Ltd RITES2.3
P/Elowest P/E
1Indian Railway Finance Corporation Ltd IRFC16.2
2Oriental Rail Infrastructure Ltd 53185917.4
3Texmaco Rail & Engineering Ltd TEXRAIL23.0
4Rites Ltd RITES25.1
5Cosmic CRF Ltd 54392826.0
Valuation · company comparison
7/9 level · 9/9 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Jupiter Wagons Ltd JWL3.842.3Mar 2026
Indian Railway Catering & Tourism Corporation Ltd IRCTC2.429.5Mar 2026
Rites Ltd RITES2.321.4Mar 2026
Indian Railway Finance Corporation Ltd IRFC2.217.1Jun 2026
Railtel Corporation of India Ltd RAILTEL1.844.6Mar 2026
Titagarh Rail Systems Ltd TITAGARH1.759.6Mar 2026
Texmaco Rail & Engineering Ltd TEXRAIL0.818.8Mar 2026
Oriental Rail Infrastructure Ltd 531859—20.4Mar 2026
Cosmic CRF Ltd 543928—15.2Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

—
—
—
—
1.5
2.5
1.4
—
1.7
3.7
—
2.1
—
3.8
1.8
4.4
4.3
3.8
2.4
—

Indian Railway Finance Corporation Ltd · IRFC

0.2
0.1
0.1
0.4
0.2
0.5
0.8
—
—
—
0.7
—
—
3.7
—
—
—
5.1
2.4
2.2

Jupiter Wagons Ltd · JWL

—
—
—
—
—
—
—
—
—
—
—
—
—
4.5
1.0
3.8
—
—
—
—

Railtel Corporation of India Ltd · RAILTEL

—
—
—
0.7
0.4
—
—
—
—
—
—
3.0
12.2
—
1.1
2.1
—
—
1.8
—

Rites Ltd · RITES

—
—
0.5
0.5
0.4
1.1
2.7
3.3
—
—
—
—
—
—
—
—
—
—
2.3
—

Texmaco Rail & Engineering Ltd · TEXRAIL

—
0.6
—
—
—
—
—
—
1.2
—
—
—
—
—
—
—
0.8
—
—
—

Titagarh Rail Systems Ltd · TITAGARH

2.9
—
—
—
—
—
—
—
—
—
0.8
—
1.1
1.7
—
—
—
—
—
—

P/E · reported quarter history

Cosmic CRF Ltd · 543928

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
43.7
—
15.2
—

Indian Railway Catering & Tourism Corporation Ltd · IRCTC

144.7
120.8
94.0
56.0
63.5
54.6
45.6
51.2
51.3
64.2
66.9
68.5
62.1
51.9
47.2
49.0
43.0
42.1
29.5
—

Indian Railway Finance Corporation Ltd · IRFC

5.6
5.3
4.8
4.2
4.5
6.6
5.3
6.8
16.1
21.6
31.1
35.4
31.8
29.4
24.9
28.1
23.9
25.6
17.2
17.1

Jupiter Wagons Ltd · JWL

5.4
7.4
7.9
9.6
13.0
26.1
25.3
55.7
75.1
55.1
56.5
84.6
58.9
56.9
40.2
42.7
44.2
51.4
42.3
—

Oriental Rail Infrastructure Ltd · 531859

31.9
40.0
46.5
41.3
36.5
23.3
13.6
80.0
97.5
175.6
74.6
48.2
51.8
56.3
34.9
35.6
32.0
38.4
20.4
—

Railtel Corporation of India Ltd · RAILTEL

28.1
20.2
15.7
15.0
16.3
21.2
20.6
25.9
41.2
57.9
62.3
79.7
80.2
68.3
51.8
73.3
64.7
64.8
44.6
—

Rites Ltd · RITES

15.2
13.2
12.3
10.7
13.5
14.9
15.6
16.5
23.1
25.1
34.6
36.5
40.4
33.8
28.4
35.0
30.9
29.6
21.4
—

Texmaco Rail & Engineering Ltd · TEXRAIL

21.7
20.7
38.9
61.4
64.4
945.0
103.5
97.0
70.0
80.3
65.1
80.4
51.4
38.2
21.1
28.6
25.3
26.5
18.8
—

Titagarh Rail Systems Ltd · TITAGARH

49.0
29.4
22.5
15.4
22.1
27.6
27.7
43.3
52.5
60.0
45.3
83.4
55.5
50.8
36.8
56.3
62.9
83.8
59.6
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Railways comparison names 4 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Railways companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 2 unverified · 0 withheld, of 9 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Railways company comparison FAQs

These 24 answers restate the Railways comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Railways sector outperforming NIFTY 500?

Railways has underperformed NIFTY 500 by 12.8% over 52 weeks and 0.3% over 13 weeks. 2 of 9 covered companies beat NIFTY on Mansfield relative strength, while 7 of 9 beat the sector itself.

Which Railways company is largest by revenue?

Indian Railway Finance Corporation Ltd leads with revenue of ₹28,630 crore, based on 9 of 9 comparable companies through Jun 2026.

Which Railways company is growing fastest?

Cosmic CRF Ltd has the fastest current revenue growth at 100%, across 9 of 9 comparable companies.

Which Railways company has the strongest 4-Factor Sector Score?

Cosmic CRF Ltd ranks first at 66.7/100 with 58.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Railways company has the lowest comparable PEG?

Texmaco Rail & Engineering Ltd has the lowest comparable PEG at 0.81, among 7 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Railways comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add 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 stale evidence moves only the affected contribution toward neutral.

What is the Nifty Railways index?

The Nifty Railways index tracks India's listed Railways companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Railways sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Railways stocks in India?

Ranked by this page's four-factor score, Cosmic CRF Ltd places first among 9 listed Railways companies, followed by Railtel Corporation of India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Railways stocks are listed in India?

This comparison covers 9 listed Railways companies 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 Jun 2026.

Which Railways company is the biggest?

Indian Railway Finance Corporation Ltd is the largest, with trailing-twelve-month revenue of ₹28,630 crore, ahead of Indian Railway Catering & Tourism Corporation Ltd at ₹5,215 crore. That covers 9 of 9 companies with comparable reporting through Jun 2026.

Which Railways company has the best profit margins?

Indian Railway Finance Corporation Ltd has the highest operating margin at 99.5%, from 9 of 9 comparable companies. Titagarh Rail Systems Ltd shows the biggest recent improvement, at +9.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Railways company makes the most profit?

Indian Railway Finance Corporation Ltd earns the most, at ₹7,190 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. Cosmic CRF Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Railways company earns the highest return on capital?

Indian Railway Catering & Tourism Corporation Ltd leads on return on capital employed at 46.1%, across 9 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Railways stock is the cheapest?

On PEG — where a LOWER number is cheaper — Texmaco Rail & Engineering Ltd screens cheapest at 0.81×. Only 7 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Railways sector beating the market?

Railways has underperformed NIFTY 500 by 12.8% over the last 52 weeks and 0.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Railways stock has the strongest price momentum?

Cosmic CRF Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Railways company scores highest for research priority?

Cosmic CRF Ltd scores 66.7 out of 100 with 58.6% evidence confidence, from 23.5 points on growth and earnings, 13.2 on capital efficiency, 10 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Railways companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals, ending Jun 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 Railways sector?

The 9 Railways companies on this page carry ₹2,03,883 crore of combined market value. Indian Railway Finance Corporation Ltd is the largest at ₹1,16,506 crore, about 57% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Railways sector's P/E ratio?

The median price-to-earnings ratio across the 9 Railways companies on this page is 26×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Railways sector performing?

2 of the 9 covered Railways companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 12.8% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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 observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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