Railway Stocks and Companies in India

The largest Railway stocks in India by market value are IRFC (₹1.05 lakh crore), IRCTC (₹36,560 crore) and Titagarh Rail (₹9,120 crore), at prices of 6 Nov 2026.

Financing

• IRFC: ₹80.43 | market value ₹1.05 lakh crore
  IRFC raises money and leases trains, wagons and track to Indian Railways.

Trains, wagons and parts

• Titagarh Rail: ₹677.85 | market value ₹9,120 crore | P/E 46.9
  Titagarh Rail makes freight wagons, passenger coaches and metro cars.
• Jupiter Wagons: ₹197.94 | market value ₹8,460 crore | P/E 47.6
  Jupiter Wagons makes freight wagons and wagon parts.
• Texmaco Rail: ₹104.96 | market value ₹4,275 crore | P/E 19.7
  Texmaco Rail makes freight wagons and builds rail infrastructure.
• Cosmic CRF: ₹906.60 | market value ₹862 crore | P/E 32.8
  Cosmic CRF makes railway wagon parts.
• Oriental Rail Infrastructure: ₹115.20 | market value ₹773 crore | P/E 14.9
  Oriental Rail Infrastructure makes seats and berths for coaches, and wagon parts.

Services

• IRCTC: ₹457 | market value ₹36,560 crore | P/E 26.5
  IRCTC runs online train ticketing, railway catering and tourism.
• RITES: ₹194.72 | market value ₹9,359 crore | P/E 22.4
  RITES gives engineering and consulting services to railways.
• RailTel: ₹241.05 | market value ₹7,737 crore | P/E 20.8
  RailTel runs a telecom network along railway lines.

More railway companies on other industry pages

• Rail Vikas Nigam (RVNL) builds rail lines for Indian Railways.
• IRCON International builds railway and road projects.
• Container Corporation of India (CONCOR) runs container trains and terminals.
• HBL Engineering makes Kavach train-safety systems.
• Kernex Microsystems makes Kavach train-safety systems.

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.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 9 listed Indian Railways companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Railways 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. Indian Railway Finance Corporation Ltd₹95,900 cr
2. Indian Railway Catering & Tourism Corporation Ltd₹34,900 cr
3. Titagarh Rail Systems Ltd₹9,230 cr
4. Rites Ltd₹9,050 cr
5. Jupiter Wagons Ltd₹7,770 cr
6. Railtel Corporation of India Ltd₹7,140 cr
7. Texmaco Rail & Engineering Ltd₹4,220 cr
8. Cosmic CRF Ltd₹819 cr
9. Oriental Rail Infrastructure Ltd₹773 cr

9 Railway companies in the Railways industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 9 are listed below, largest first. The largest is Indian Railway Finance Corporation (₹95,884 crore) and the smallest with a market value is Oriental Rail Infrastructure.

Download all 9 Railway companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 41% behind NIFTY 500. Earnings across its companies grew 8% on average over the last four reported quarters, close to flat.

Price down, no fundamental support. 0 of 9 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 9 companies in the industry index above their 200-day average (2 fewer than four weeks earlier); 0 of those 9 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 7 of the 9 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 7 of 9 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Railways has done worse than the NIFTY 500 by 22.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 11.7%. Texmaco Rail & Engineering Ltd is the strongest against the sector itself at +5.9%.

Railways has done worse than the NIFTY 500 by 22.8% over 52 weeks and by 11.7% over 13 weeks. 0 of 9 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 3 of the 5 with a long enough price history are ahead of the industry itself.

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.

Oriental Rail Infrastructure Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 78% evidence confidence.

Texmaco Rail & Engineering Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Cosmic CRF Ltd has the strongest one-year price move in Railways at −23.1%. Rites Ltd leads on relative strength against the NIFTY, at −8.7%. 0 of 9 companies we track are ahead of the index on that measure. 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 Railways 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.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

3 of 9 Railways companies held a results call for July to September 2026. Railtel Corporation of India guided: Project revenue ₹3,500 crore in FY27 reaffirmed against current order-book conversion pace.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹1,939 crore in the last 12 months, 7% less than a year before.
• Projects still being built grew 83% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 11 Railways companies, in percentage points.

Ownership and spending as of 10 October 2026.

Indian Railway Finance Corporation Ltd has the highest Revenue among the 9 Railways companies compared here, at ₹30,124 crore. Indian Railway Catering & Tourism Corporation Ltd is next at ₹5,425 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 largest at ₹30,124 crore, 455.3% ahead of Indian Railway Catering & Tourism Corporation Ltd. Cosmic CRF Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 197.9% from a ₹1,117 crore base, with 8 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Indian Railway Finance Corporation Ltd is the size to compare against; Cosmic CRF Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Indian Railway Finance Corporation Ltd has the highest OPM among the 9 Railways companies compared here, at 99.4%. Indian Railway Catering & Tourism Corporation Ltd is next at 28%. Titagarh Rail Systems Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies.

What the numbers say: Indian Railway Finance Corporation Ltd leads opm at 99.4%; Titagarh Rail Systems Ltd leads margin change at +3 percentage points.

What this means: Indian Railway Finance Corporation 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 · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Indian Railway Finance Corporation Ltd has the highest Net profit among the 9 Railways companies compared here, at ₹7,371 crore. Indian Railway Catering & Tourism Corporation Ltd is next at ₹1,392 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 earns the most, ₹7,371 crore of profit over the last 12 months, 429.5% above Indian Railway Catering & Tourism Corporation Ltd. Cosmic CRF Ltd shows at least 100% on the scoring scale (295% in full) growth from a profit base of ₹79 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Indian Railway Finance Corporation 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 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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

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 23%. Titagarh Rail Systems Ltd has the highest ROCE change at +5.1 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Indian Railway Catering & Tourism Corporation Ltd leads ROCE at 46.1%, 23.1 percentage points above Rites Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Indian Railway Catering & Tourism Corporation 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.

Return on capital · company comparison

Withheld from this chart: Jupiter Wagons Ltd (JWL): its two data sources disagree by up to 6.7% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Oriental Rail Infrastructure Ltd has the lowest PEG among the 9 Railways companies compared here, at 0.58×. Texmaco Rail & Engineering Ltd is next at 0.81×. Indian Railway Finance Corporation Ltd has the lowest P/E at 13×, so level and change sit with different companies. 7 of 9 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Oriental Rail Infrastructure Ltd has the lowest comparable PEG at 0.58×, 28.4% below Texmaco Rail & Engineering Ltd. That would need today's multiple, the company's own history and steady growth to agree.

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

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Railways companies show up on 5 of our India lists. The most are on the 52 week high & low list (3 companies).

This Railways comparison names 6 specific ways its own evidence can mislead, all listed below. 1 of the 9 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 has second-source figures left out because the two sources disagree. 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.
• 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Sep 2026 and market data through 30 October 2026.

1 of 9 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Jupiter Wagons Ltd (JWL): its two data sources disagree by up to 6.7% on reported income across 15 comparable periods, so its derived ratios are withheld.

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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.