Titagarh Rail share price today

Titagarh Rail Systems Ltd's share price was ₹685.80 at the close on 5 November 2026. It has been falling for 2 weeks. That is 14.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹596 and ₹922, and at that close it sat 28% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Titagarh Rail Systems Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 11 years the share price moved +650% 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 17 July 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.

Three changes stood out: revenue grew again in the June 2026 quarter, foreign funds (FIIs) raised their stake for 5 quarters in a row and operating margin up 3 points on a year earlier.

1. Revenue grew again in the June 2026 quarter

   Revenue was ₹765 crore, +12.7% on a year earlier (₹679 crore), after 6 quarters of decline.

   Why: Revenue rose because the passenger rail business brought in more money as it made and delivered more coaches.

   Next results: check whether passenger coach output in Bangalore and Gujarat stays on schedule without slipping further.

   From the earnings call on 14 Aug 2026.

2. Foreign funds (FIIs) raised their stake for 5 quarters in a row

   From 9.5% to 11.4% of the company by the September 2026 quarter.

3. Operating margin up 3 points on a year earlier

   12% in the June 2026 quarter, from 9%.

For April to June 2026 (the quarter ended 30 June 2026), Titagarh Rail reported revenue of ₹765 crore, up 12.7% from ₹679 crore a year earlier, and a profit of ₹53.0 crore, up 71.0% from ₹31.0 crore.

Titagarh Rail results: April to June 2026 against a year earlier

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).

Titagarh Rail's management discussed these results on a call held on 14 August 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.

Titagarh Rail closed at ₹685.80 on 5 November 2026, down 18.7% from ₹843.30 a year earlier (7 November 2025) and up 621.5% over five years. Its highest weekly close since March 2016 was ₹1,859.85 on 28 June 2024.

Titagarh Rail share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 5 November 2026.

5 Nov 2026: Titagarh Rail closed at ₹685.80, up 4.9% on the week and down 11.8% on the month. 23 Sep 2026: ex-date for a dividend of ₹1 a share.

Earlier

• 14 Aug 2026: Titagarh Rail held its results call for April to June 2026. Management guided: FRS wagon production at 600-650 per month until larger Indian Railways tender clarity.
• Results for April to June 2026: Revenue up 12.7% and profit up 71.0% on a year earlier.

Titagarh Rail paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.15% at the ₹685.80 close on 5 November 2026. The last was a dividend of ₹1 a share, ex-date 23 September 2026.

Titagarh Rail dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Titagarh Rail Systems Ltd paid out 11% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 13 reported years. 5 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Titagarh Rail's management guided: FRS wagon production at 600-650 per month until larger Indian Railways tender clarity.

“The encouraging part is that, despite the full utilization of wagon capacity that will occur in the years to come, we still believe that Passenger Rail will overtake the freight business and become the dominant part of the business.”Umesh Chowdhary, on the call for April to June 2026

What management guided

• FY27 PRS output goal approximately 200 coaches, with plus or minus 10% tolerance.
• FY27 PRS coach production at 45-50 per quarter.
• 850+ annual passenger-coach capacity by 2028-29, with 2029-30 also cited; potential revenue ₹8,500-9,000 crore; 1,200-wagon capacity and potential ₹4,000-4,500 crore, not forecasts.
• Vande Bharat and Metro orders span 5 and 2 years; Bangalore/Gujarat bulk completion this FY with slight next-year spillover; Mumbai/Vande Bharat prototypes in late-year windows; Pune line Q1 next FY, 12 trains Q3/Q4 next FY, MEMU sets by quarter-end or next quarter.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

When Titagarh Rail reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Indian Railways wagon tender or private-sector bookings - check whether freight visibility improves beyond the current delivery program.

Titagarh Rail is not on any of our India lists this week.

Titagarh Rail Systems Ltd earned ₹53.0 Cr of net profit in the Jun 2026 quarter, +71.0% on the same quarter a year earlier. Full-year FY26 profit was ₹123 Cr. That is 6.9% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹123 Cr (+41.4% on the year before).

Why profit moved: revenue changed +12.7% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −4.0% and revenue −8.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Titagarh Rail Systems Ltd reported ₹765 Cr of revenue in the Jun 2026 quarter, +12.7% on the same quarter a year earlier. Over 10 years it has grown 12.8% a year on average. The last full year, FY26, came in at ₹3,186 Cr. The last four reported quarters add to ₹3,271 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹3,186 Cr, −17.6% on the year before.

Recent pace: the last four quarters grew −8.1% on average, against 12.8% 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 −10.2%, against −7.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +270.6%, against −19.5% a year (accelerating).

Titagarh Rail Systems Ltd's operating margin was 12.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −8.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed −2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 63% of Titagarh Rail Systems Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹322 Cr of operating cash against ₹123 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹403 Cr of spending on assets, free cash was −₹81.0 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 63% of profit came in as cash: the cash cycle got 18 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 7.7× depreciation over three years. The next section checks what that spending is building.

Titagarh Rail Systems Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 113 days in FY26, down from 131 days in FY21. It spent ₹830 Cr on assets over the last 3 years. Customers take 72 days to pay, and stock sits for 92 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,186 Cr, each day of that cycle ties up about ₹8.7 Cr, so roughly ₹986 Cr is tied up in the business at any time.

FY26: customers took 72 days to pay and stock sat for 92 days, about 3.0 months of sales sitting as stock, for a full cycle of 113 days, shorter than FY21's 131.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 92 days. Customers pay about 72 days after that. Suppliers are paid at 52 days. Together that makes the 113-day cycle.

Spending on assets: ₹830 Cr over the last 3 years, against ₹108 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 ₹192 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Titagarh Rail Systems Ltd's P/E is 47.5×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 55.9×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

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 ₹14.00.