# Jupiter Wagons share price today (Jupiter Wagons Ltd, NSE: JWL)

> Jupiter Wagons share price today: ₹192.18 at the NSE close on 3 November 2026, down 40.4% in a year. Jupiter Wagons (NSE: JWL) is worth ₹8,204 crore, trades at a P/E of 46.1 and has closed between ₹173.40 and ₹347.55 over the past 52 weeks. > Jupiter Wagons Ltd's P/E is near the low end of its own history, higher than only 34% of past readings, and its quarterly results are still getting worse. JWL · Railways · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jupiter-wagons-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹192.18 (−40.4% in a year)
- P/E: 46.1× (lower than 66% of the last 4.4 years)
- Revenue (Jun 2026): ₹671 Cr (+46.2% on a year ago)
- Profit (Jun 2026): ₹26.0 Cr (−16.1% on a year ago)
- Operating margin: 10.0% (−3.0 points on a year ago)
- ROCE: 9%, FY26
- Profit that came in as cash: 11%, last 3 years

The main question: the P/E is near the low end of its own history, higher than only 34% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Jupiter Wagons share price today? Jupiter Wagons Ltd's share price was ₹192.18 at the close on 3 November 2026. It has been falling for 92 weeks. That is 26.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹173 and ₹348, and at that close it sat 11% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running. Over the last 11 years the share price moved +992% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Jupiter Wagons this quarter? Three changes stood out: revenue grew again in the June 2026 quarter, profit down on a year earlier for 6 quarters in a row and foreign funds (FIIs) cut their stake for 3 quarters in a row. 1. Revenue grew again in the June 2026 quarter Revenue was ₹671 crore, +46.2% on a year earlier (₹459 crore), after 5 quarters of decline. 2. Profit down on a year earlier for 6 quarters in a row In the June 2026 quarter profit was ₹26 crore, -16.1% on a year earlier. Why: Profit fell mainly because the company's margin, the share of sales left after costs, was weaker. Management put this down to lower volume and fixed costs spread over fewer units. Next results: check whether profit improves as BESS work and private wagon orders pick up, since management expects Q3 and Q4 to be better. From the earnings call on 30 Sep 2026. 3. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 4.5% to 3% of the company by the September 2026 quarter. ## What are Jupiter Wagons' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Jupiter Wagons reported revenue of ₹671 crore, up 46.2% from ₹459 crore a year earlier, and a profit of ₹26.0 crore, down 16.1% from ₹31.0 crore. ### Jupiter Wagons results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹671 crore | ₹459 crore | +46.2% |
| Profit | ₹26.0 crore | ₹31.0 crore | −16.1% |
| Earnings per share | ₹0.66 | ₹0.77 | −14.3% |
| Operating margin | 10.0% | 13.0% | −3.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Jupiter Wagons' management discussed these results on a call held on 30 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Jupiter Wagons share price history? Jupiter Wagons closed at ₹192.18 on 3 November 2026, down 40.4% from ₹322.65 a year earlier (31 October 2025) and up 457.9% over five years. Its highest weekly close since March 2016 was ₹730.00 on 5 July 2024. ### Jupiter Wagons share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹173.40 | +10.8% |
| 1 month ago · 1 Oct 2026 | ₹223.75 | −14.1% |
| 6 months ago · 30 Apr 2026 | ₹283.73 | −32.3% |
| 1 year ago · 31 Oct 2025 | ₹322.65 | −40.4% |
| 3 years ago · 3 Nov 2023 | ₹307.50 | −37.5% |
| 5 years ago · 4 Nov 2021 | ₹34.45 | +457.9% |
| 10 years ago · 4 Nov 2016 | ₹13.95 | +1,277.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹17.60 | +991.9% |
| Highest weekly close since March 2016 · 5 Jul 2024 | ₹730.00 | −73.7% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹7.35 | +2,514.7% |
| 52-week high (weekly close) · 26 Dec 2025 | ₹347.55 | −44.7% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹173.40 | +10.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Jupiter Wagons? 3 Nov 2026: Jupiter Wagons closed at ₹192.18, up 10.8% on the week and down 14.1% on the month. 30 Sep 2026: Jupiter Wagons held its results call for April to June 2026. Management guided: Current-year consolidated turnover around ₹3,000 crore and wagon sales approximately 5,500. ### Earlier

- Results for April to June 2026: Revenue up 46.2% and profit down 16.1% on a year earlier. ## What dividend does Jupiter Wagons pay? Jupiter Wagons paid no dividend in the 12 months to 4 November 2026. The last was an interim dividend of ₹1 a share, ex-date 30 May 2025. ### Jupiter Wagons dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 30 May 2025 | ₹1 | Interim |
| 7 Oct 2024 | ₹1 | Interim |
| 5 Sep 2024 | ₹0.30 | Dividend |
| 29 Feb 2024 | ₹0.30 | Interim |
| 12 Sep 2023 | ₹0.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Jupiter Wagons Ltd paid out 25% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 6 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Jupiter Wagons management say on the latest results call? On the call for April to June 2026, held on 30 September 2026, Jupiter Wagons' management guided: Current-year consolidated turnover around ₹3,000 crore and wagon sales approximately 5,500. > “The axle line will come up by March 27, and the wheel line will be operational by March 28.”
> Vinod Agarwal, CFO, on the call for April to June 2026

### What management guided

- FY28-FY29 consolidated turnover goal ₹8,000-9,000 crore; non-wagon revenue 50% and blended operating margin 15-16%. - Odisha wheelset project: ₹2,500 crore capital spending, 1 lakh annual capacity, 35% equity/65% debt; axle line March 27, wheel line March 28, half of capacity planned for exports. - Indian Railways tender expected end Q3/start Q4; company expects close to 7,000 wagons annually as its share. - BESS order book planned at ₹1,000 crore by year-end. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/6441-30-Sep-2026.pdf). (From the call for April to June 2026, 30 September 2026.)

## What to watch in Jupiter Wagons' next results? When Jupiter Wagons reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Railway tender award and backlog rebuild - check whether the expected announcement arrives within the indicated window. - What to check (from the call)
- Railway tender award and backlog rebuild - check whether the expected announcement arrives within the indicated window. - Odisha construction and certification - verify progress toward axle-line commissioning before wheel-line ramp. - BESS execution and order intake - check West Bengal delivery progress and new customer wins toward the year-end goal. - Stone freight-brake ramp - check volumes after the first commercial approval and second-product trials. ## Which stock lists is Jupiter Wagons on? Jupiter Wagons is not on any of our India lists this week. ## Is Jupiter Wagons profitable? Jupiter Wagons Ltd earned ₹26.0 Cr of net profit in the Jun 2026 quarter, −16.1% on the same quarter a year earlier. Full-year FY26 profit was ₹166 Cr. Over 5 years profit has grown 25.7% a year on average. That is 3.9% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr. For the full year, FY26 profit was ₹166 Cr (−56.3% on the year before). Why profit moved: revenue changed +46.2% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −43.7% and revenue −3.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Jupiter Wagons make, and is it growing? Jupiter Wagons Ltd reported ₹671 Cr of revenue in the Jun 2026 quarter, +46.2% on the same quarter a year earlier. Over 5 years it has grown 24.0% a year on average. The last full year, FY26, came in at ₹2,916 Cr. The last four reported quarters add to ₹3,127 Cr. FY26 revenue was ₹2,916 Cr, −26.4% on the year before. Recent pace: the last four quarters grew −3.7% on average, against 24.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −11.7%, against −8.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −49.8%, against −33.3% a year (rolling over). ## How much of every ₹100 of sales does Jupiter Wagons keep? Jupiter Wagons Ltd's operating margin was 10.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 6 years it has been between 10.0% and 14.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed −8.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Jupiter Wagons' profit turning into cash? Over the last 3 years, 11% of Jupiter Wagons Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹9.0 Cr of operating cash against ₹166 Cr of profit. After ₹414 Cr of spending on assets, free cash was −₹405 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 11% of profit came in as cash: the cash cycle got 136 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 136 days longer. The next section looks at where the cash is stuck. ## Where does Jupiter Wagons' cash go? Jupiter Wagons Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 213 days in FY26, up from 77 days in FY21. It spent ₹1,043 Cr on assets over the last 3 years. Customers take 95 days to pay, and stock sits for 188 days on average. At FY26 sales of ₹2,916 Cr, each day of that cycle ties up about ₹8.0 Cr, so roughly ₹1,702 Cr is tied up in the business at any time. FY26: customers took 95 days to pay and stock sat for 188 days, about 6.2 months of sales sitting as stock, for a full cycle of 213 days, longer than FY21's 77. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 188 days. Customers pay about 95 days after that. Suppliers are paid at 69 days. Together that makes the 213-day cycle. Spending on assets: ₹1,043 Cr over the last 3 years, against ₹149 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹270 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Jupiter Wagons' P/E ratio, and how does it compare with its own history? Jupiter Wagons Ltd's P/E is 46.1×, near the low end of its own history: it has been lower only 34% of the time. Its usual P/E (the middle reading) is 55.1×, over 4.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹3.90. Why the multiple is where it is: over the past year earnings per share moved −55.6% while the price moved −40.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved −14.5% a year; about −0.9% a year came from earnings growth and about −13.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.7% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Jupiter Wagons business getting better or worse? Jupiter Wagons Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −11.7% in the latest quarter, against +30.5% at its best in 12 quarters, with ROCE falling at 9.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Jupiter Wagons earn on its capital? Jupiter Wagons Ltd earned a ROCE of 9% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 5.7% net margin and 0.62× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.7% net margin × 0.62× asset turnover × 1.58× leverage (assets divided by equity) ≈ 5.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.7% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Jupiter Wagons have too much debt? Jupiter Wagons Ltd had ₹996 Cr of borrowings against ₹2,978 Cr of equity in FY26, so its debt is 0.33× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹138 Cr to ₹996 Cr. Over the last 3 of those years it spent ₹1,043 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 6.7% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Jupiter Wagons shareholding pattern? Domestic institutions cut their stake in Jupiter Wagons Ltd by 1.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.8% of the company. Foreign institutions moved −0.4 points over the same period, to 3.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.2 points over 8 quarters, to 0.8%; Foreign institutions: −0.4 points over 8 quarters, to 3.0%; Promoters: +0.2 points over 8 quarters, to 68.3%. Why the owners changed: domestic institutions drove it (−1.2 points). They reduced their stake. ## How far is Jupiter Wagons from balance-sheet trouble? For Jupiter Wagons Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Jupiter Wagons rank in its industry? 30.2 out of 100, rank 9 of 9 in Railways, with 63% of the evidence available. Jupiter Wagons Ltd scores 30.2 out of 100 against the 9 companies it is compared with in Railways, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 5.9 + 9 + 7.8 + 7.5 = 30.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Jupiter Wagons compared with? Jupiter Wagons ranks 9 of 9 Railways companies on the 4-Factor Sector Score, with 30.2 out of 100. 1. [Oriental Rail Infrastructure Ltd](https://www.sectoralpha.in/stocks/oriental-rail-infrastructure-ltd) ORIRAIL · breaking out · Evidence leans up · 78% evidence 64.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 16.2% · Profit 73.3% · Operating margin change 0 points · 100% evidence Capital efficiency 13.2/25 · ROCE 12% · Operating margin 16% · 100% evidence Valuation 16.1/20 · P/E 14.2× · PEG 0.58 · 65% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -37.5% · 25% evidence · 3 of 5 weeks ahead Exact sum: 26 + 13.2 + 16.1 + 9.5 = 64.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Railtel Corporation of India Ltd](https://www.sectoralpha.in/stocks/railtel-corporation-of-india-ltd) RAILTEL · quiet · Evidence leans up · 85% evidence 61.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 22.5% · Profit 5.9% · Operating margin change -1 points · 100% evidence Capital efficiency 18.0/25 · ROCE 22.8% · Operating margin 15% · 100% evidence Valuation 15.0/20 · P/E 19.2× · PEG 1.4 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -23.4% · 1 year -39.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 18 + 15 + 7.9 = 61.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rites Ltd](https://www.sectoralpha.in/stocks/rites-ltd) RITES · quiet · Evidence leans up · 96% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 11.3% · Profit 9% · Operating margin change -1 points · 88% evidence Capital efficiency 21.6/25 · ROCE 23% · Operating margin 22% · 100% evidence Valuation 3.1/20 · P/E 21.7× · PEG 3.7 · 100% evidence Relative strength 14.8/20 · Lead over its industry 5.6% · Lead over NIFTY 500 -8.7% · 1 year -23.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.9 + 21.6 + 3.1 + 14.8 = 56.4 · What this means: Relative strength against the index is -8.7%, and revenue and profit growth are weak. 4. [Titagarh Rail Systems Ltd](https://www.sectoralpha.in/stocks/titagarh-rail-systems-ltd) TITAGARH · quiet · Evidence leans up · 96% evidence 54.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.5/35 · Revenue -10.2% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 10.6/25 · ROCE 10.9% · Operating margin 12% · 100% evidence Valuation 10.0/20 · P/E 45.4× · PEG 1.7 · 100% evidence Relative strength 8.1/20 · Lead over its industry 0.5% · Lead over NIFTY 500 -13.2% · 1 year -26.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 25.5 + 10.6 + 10 + 8.1 = 54.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Texmaco Rail & Engineering Ltd](https://www.sectoralpha.in/stocks/texmaco-rail-engineering-ltd) TEXRAIL · quiet · Evidence leans down · 89% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.8/35 · Revenue -14.3% · Profit -1.8% · Operating margin change 0 points · 88% evidence Capital efficiency 9.3/25 · ROCE 11.2% · Operating margin 8% · 100% evidence Valuation 14.9/20 · P/E 18.4× · PEG 0.81 · 65% evidence Relative strength 16.9/20 · Lead over its industry 5.9% · Lead over NIFTY 500 -8.7% · 1 year -28% · 100% evidence · 5 of 12 weeks ahead Exact sum: 8.8 + 9.3 + 14.9 + 16.9 = 49.9 · What this means: Relative strength against the index is -8.7%, and revenue and profit growth are weak. 6. [Indian Railway Finance Corporation Ltd](https://www.sectoralpha.in/stocks/indian-railway-finance-corporation-ltd) IRFC · quiet · Evidence leans down · 76% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue 12.5% · Profit 7.8% · Operating margin change 0.2 points · 74% evidence Capital efficiency 8.0/25 · ROCE 5.6% · Operating margin 99.4% · 100% evidence Valuation 10.5/20 · P/E 13× · PEG 1.85 · 100% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.4% · 1 year -40.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 18.9 + 8 + 10.5 + 8.3 = 45.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Indian Railway Catering & Tourism Corporation Ltd](https://www.sectoralpha.in/stocks/indian-railway-catering-tourism-corporation-ltd) IRCTC · basing · Evidence leans down · 89% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 15% · Profit 4% · Operating margin change -6 points · 88% evidence Capital efficiency 19.7/25 · ROCE 46.1% · Operating margin 28% · 100% evidence Valuation 4.6/20 · P/E 25.3× · PEG 3.88 · 65% evidence Relative strength 9.4/20 · Lead over its industry -4.1% · Lead over NIFTY 500 -17.3% · 1 year -39.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.8 + 19.7 + 4.6 + 9.4 = 44.5 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Cosmic CRF Ltd](https://www.sectoralpha.in/stocks/cosmic-crf-ltd) quiet · Too little evidence to rank firmly · 50% evidence 39.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 100% · Profit 100% · Operating margin change 1 points · 27% evidence Capital efficiency 8.2/25 · ROCE 9.1% · Operating margin 11% · 71% evidence Valuation 9.3/20 · P/E 31.2× · PEG n/a · 15% evidence Relative strength 1.4/20 · Lead over its industry -4.4% · Lead over NIFTY 500 -17.6% · 1 year -23.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 8.2 + 9.3 + 1.4 = 39 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. Jupiter Wagons Ltd this page JWL · quiet · Most evidence points down · 63% evidence 30.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.9/35 · Revenue -11.7% · Profit -49.8% · Operating margin change -3 points · 83% evidence Capital efficiency 9.0/25 · ROCE 9.1% · Operating margin 10% · 76% evidence Valuation 7.8/20 · P/E 43.7× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -28.8% · 1 year -43.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 5.9 + 9 + 7.8 + 7.5 = 30.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Railways](https://www.sectoralpha.in/sectors/railways), all 9 compared on one page. ## Which companies are close to Jupiter Wagons in size? Jupiter Wagons is the 5th largest of 9 Railways companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Indian Railway Catering & Tourism Corporation, Rites and Titagarh Rail Systems. Just below it: Railtel Corporation of India, Texmaco Rail & Engineering and Cosmic CRF. ### Railways companies close in size

1. [Indian Railway Catering & Tourism Corporation Ltd](https://www.sectoralpha.in/stocks/indian-railway-catering-tourism-corporation-ltd) ₹34,896 crore
2. [Rites Ltd](https://www.sectoralpha.in/stocks/rites-ltd) ₹9,049 crore
3. [Titagarh Rail Systems Ltd](https://www.sectoralpha.in/stocks/titagarh-rail-systems-ltd) ₹8,810 crore
4. Jupiter Wagons Ltd ₹7,769 crore
5. [Railtel Corporation of India Ltd](https://www.sectoralpha.in/stocks/railtel-corporation-of-india-ltd) ₹7,138 crore
6. [Texmaco Rail & Engineering Ltd](https://www.sectoralpha.in/stocks/texmaco-rail-engineering-ltd) ₹3,998 crore
7. [Cosmic CRF Ltd](https://www.sectoralpha.in/stocks/cosmic-crf-ltd) ₹819 crore

[All 9 Railways companies, largest first](https://www.sectoralpha.in/sectors/railways#all-companies)

### Companies close in size in other industries

1. [HEG Advanced Materials Ltd](https://www.sectoralpha.in/stocks/heg-advanced-materials-ltd) ₹7,836 crore
2. [Olectra Greentech Ltd](https://www.sectoralpha.in/stocks/olectra-greentech-ltd) ₹7,807 crore · Auto - Bus/LCVs
3. Jupiter Wagons Ltd ₹7,769 crore
4. [Steel Strips Wheels Ltd](https://www.sectoralpha.in/stocks/steel-strips-wheels-ltd) ₹7,763 crore · Auto Ancillaries - Wheels
5. [Gujarat Pipavav Port Ltd](https://www.sectoralpha.in/stocks/gujarat-pipavav-port-ltd) ₹7,691 crore · Marine Port & Services

## What else do people ask about Jupiter Wagons? ### What is Jupiter Wagons's share price today? Jupiter Wagons Ltd's share price is ₹192.18, −40.4% over the past year. The whole company is worth ₹8,204 Cr on the market. In the last 52 weeks it traded between ₹173 to ₹348; today it is 11% of the way up from the low, 26.4% below its 200-day average (as of 3 November 2026). ### What were Jupiter Wagons's latest quarterly results? Jupiter Wagons Ltd reported revenue of ₹671 Cr and net profit of ₹26.0 Cr for the Jun 2026 quarter. Revenue rose 46.2% and profit fell 16.1% compared with a year earlier. Earnings per share were ₹0.66. The operating margin was 10.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Jupiter Wagons's market cap? Jupiter Wagons Ltd's market capitalisation is ₹8,204 Cr at a share price of ₹192.18. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Jupiter Wagons performing? Jupiter Wagons Ltd's share price has been falling for 92 weeks. In its latest quarter, revenue rose 46.2% and profit fell 16.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 24 weeks running (as of 3 November 2026). ### Will Jupiter Wagons's share price go up? This page does not forecast Jupiter Wagons Ltd's share price. What it shows instead: the share price is ₹192.18, and it has been falling for 92 weeks. Its P/E of 46.1× is higher than 34% of its own last 4 years (as of 3 November 2026). ### Who owns Jupiter Wagons? Promoters own 68.3% of Jupiter Wagons Ltd, foreign institutions 3.0%, domestic institutions 0.8% and the public 27.9% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.2 percentage points over 8 quarters (as of 3 November 2026). ### Where is Jupiter Wagons in its business cycle? Jupiter Wagons Ltd's FY26 operating margin was 12.0%, against a 6-year range of 10.0% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Jupiter Wagons story? The main question: the P/E is near the low end of its own history, higher than only 34% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Jupiter Wagons a stock worth studying right now? What the numbers show: Jupiter Wagons Ltd's P/E is near the low end of its own history, higher than only 34% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Jupiter Wagons share price forecast for 2026? What management itself guided: Current-year consolidated turnover around ₹3,000 crore and wagon sales approximately 5,500. This is research, not advice. We’re not SEBI-registered.