# Titagarh Rail share price today (Titagarh Rail Systems Ltd, NSE: TITAGARH)

> Titagarh Rail share price today: ₹683.75 at the NSE close on 3 November 2026, down 22.7% in a year. Titagarh Rail Systems (NSE: TITAGARH) is worth ₹9,211 crore, trades at a P/E of 47.5 and has closed between ₹595.60 and ₹922.45 over the past 52 weeks. > Titagarh Rail Systems Ltd's earnings have grown faster than its share price. Earnings per share grew +39.6% in a year while the price moved −22.7%. TITAGARH · Railways · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/titagarh-rail-systems-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹683.75 (−22.7% in a year)
- P/E: 47.5× (lower than 69% of the last 10 years)
- Revenue (Jun 2026): ₹765 Cr (+12.7% on a year ago)
- Profit (Jun 2026): ₹53.0 Cr (+71.0% on a year ago)
- Operating margin: 12.0% (+3.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 8.2%, against a 12.0% cost of capital: −3.8 points

The main question: yearly earnings per share moved +39.6% while the share price moved −22.7%. ## What is the Titagarh Rail share price today? Titagarh Rail Systems Ltd's share price was ₹683.75 at the close on 3 November 2026. It has been falling for 2 weeks. That is 15.5% 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 27% 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 16 weeks running. Over the last 11 years the share price moved +648% 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. ## What changed at Titagarh Rail this quarter? 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%. ## What are Titagarh Rail's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹765 crore | ₹679 crore | +12.7% |
| Profit | ₹53.0 crore | ₹31.0 crore | +71.0% |
| Earnings per share | ₹3.90 | ₹2.29 | +70.3% |
| Operating margin | 12.0% | 9.0% | +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). 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.)

## What is the Titagarh Rail share price history? Titagarh Rail closed at ₹683.75 on 3 November 2026, down 22.7% from ₹884.55 a year earlier (31 October 2025) and up 619.4% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹662.85 | +3.2% |
| 1 month ago · 1 Oct 2026 | ₹805.50 | −15.1% |
| 6 months ago · 30 Apr 2026 | ₹768.40 | −11.0% |
| 1 year ago · 31 Oct 2025 | ₹884.55 | −22.7% |
| 3 years ago · 3 Nov 2023 | ₹786.55 | −13.1% |
| 5 years ago · 4 Nov 2021 | ₹95.05 | +619.4% |
| 10 years ago · 4 Nov 2016 | ₹109.20 | +526.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹91.40 | +648.1% |
| Highest weekly close since March 2016 · 28 Jun 2024 | ₹1,859.85 | −63.2% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹24.00 | +2,749.0% |
| 52-week high (weekly close) · 19 Jun 2026 | ₹922.45 | −25.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹595.60 | +14.8% |

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. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Titagarh Rail? 3 Nov 2026: Titagarh Rail closed at ₹683.75, up 3.2% on the week and down 15.1% 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. ## What dividend does Titagarh Rail pay? Titagarh Rail paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.15% at the ₹683.75 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 23 September 2026. ### Titagarh Rail dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 23 Sep 2026 | ₹1 | Dividend | same day |
| 8 Sep 2025 | ₹1 | Dividend | 9 Sep 2025 |
| 20 Aug 2024 | ₹0.80 | Dividend | n/a |
| 22 Sep 2023 | ₹0.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Titagarh Rail management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/4936-14-Aug-2026.pdf). (From the call for April to June 2026, 14 August 2026.)

## What to watch in Titagarh Rail's next results? 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. - What to check (from the call)
- Indian Railways wagon tender or private-sector bookings - check whether freight visibility improves beyond the current delivery program. - Passenger coach output and Bangalore/Gujarat execution - check whether the ramp stays on schedule without further spillover. - Mumbai and Vande Bharat prototypes - check completion within the stated late-year windows. - Wheel JV samples, trials and approvals - check progression toward commercial invoicing and phase-two readiness. ## Which stock lists is Titagarh Rail on? Titagarh Rail is not on any of our India lists this week. ## Is Titagarh Rail profitable? 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. 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. ## How much revenue does Titagarh Rail make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Titagarh Rail keep? 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. 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. ## Is Titagarh Rail's profit turning into cash? 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. 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. ## Where does Titagarh Rail's cash go? 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. 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. ## What is Titagarh Rail's P/E ratio, and how does it compare with its own history? 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 55.8×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +39.6% while the price moved −22.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +48.4% a year; about +50.0% a year came from earnings growth and about −1.6 percentage points from the multiple (the market paying less); over 10 years the price moved +20.1% a year; about +37.9% a year came from earnings growth and about −17.8 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. ## Is the Titagarh Rail business getting better or worse? Titagarh Rail Systems Ltd's business is turning around. Profit growth has swung from −97.7% at its low to +270.6%, improving for 2 quarters in a row, with ROCE rising at 12.5%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Titagarh Rail earn on its capital? Titagarh Rail Systems Ltd earned a ROCE of 11% in FY26. That is up from a low of −8% in FY18. Its return on capital used (ROIC) is 3.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.9% net margin and 0.79× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.9% net margin × 0.79× asset turnover × 1.64× leverage (assets divided by equity) ≈ 5.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.2% − 12.0% = −3.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Titagarh Rail have too much debt? Titagarh Rail Systems Ltd has total debt of ₹623 Cr against shareholder equity of ₹2,457 Cr as of Jun 2026, so its debt is 0.25× its equity, which is very little. Year by year, that ratio went from 1.09 in FY22 to 0.25 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Titagarh Rail shareholding pattern? Foreign institutions cut their stake in Titagarh Rail Systems Ltd by 4.9 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 11.4% of the company. Domestic institutions moved +2.0 points over the same period, to 15.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −4.9 points over 8 quarters, to 11.4%; Domestic institutions: +2.0 points over 8 quarters, to 15.9%; Promoters: +0.0 points over 8 quarters, to 40.5%. Why the owners changed: foreign institutions moved −4.9 points and domestic institutions +2.0 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Titagarh Rail from balance-sheet trouble? For Titagarh Rail Systems 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 Titagarh Rail rank in its industry? 54.2 out of 100, rank 4 of 9 in Railways, with 96% of the evidence available. Titagarh Rail Systems Ltd scores 54.2 out of 100 against the 9 companies it is compared with in Railways, ranking 4. 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: 25.5 + 10.6 + 10 + 8.1 = 54.2. 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 Titagarh Rail compared with? Titagarh Rail ranks 4 of 9 Railways companies on the 4-Factor Sector Score, with 54.2 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 this page 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](https://www.sectoralpha.in/stocks/jupiter-wagons-ltd) 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 Titagarh Rail in size? Titagarh Rail is the 4th largest of 9 Railways companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Indian Railway Finance Corporation, Indian Railway Catering & Tourism Corporation and Rites. Just below it: Jupiter Wagons, Railtel Corporation of India and Texmaco Rail & Engineering. ### Railways companies close in size

1. [Indian Railway Finance Corporation Ltd](https://www.sectoralpha.in/stocks/indian-railway-finance-corporation-ltd) ₹95,884 crore
2. [Indian Railway Catering & Tourism Corporation Ltd](https://www.sectoralpha.in/stocks/indian-railway-catering-tourism-corporation-ltd) ₹34,896 crore
3. [Rites Ltd](https://www.sectoralpha.in/stocks/rites-ltd) ₹9,049 crore
4. Titagarh Rail Systems Ltd ₹8,810 crore
5. [Jupiter Wagons Ltd](https://www.sectoralpha.in/stocks/jupiter-wagons-ltd) ₹7,769 crore
6. [Railtel Corporation of India Ltd](https://www.sectoralpha.in/stocks/railtel-corporation-of-india-ltd) ₹7,138 crore
7. [Texmaco Rail & Engineering Ltd](https://www.sectoralpha.in/stocks/texmaco-rail-engineering-ltd) ₹3,998 crore

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

### Companies close in size in other industries

1. [Tsf Investments Ltd](https://www.sectoralpha.in/stocks/tsf-investments-ltd) ₹8,829 crore · Finance & Investments - CV Finance
2. [Wework India Management Ltd](https://www.sectoralpha.in/stocks/wework-india-management-ltd) ₹8,818 crore · Realty - CoWorking
3. Titagarh Rail Systems Ltd ₹8,810 crore
4. [KEC International Ltd](https://www.sectoralpha.in/stocks/kec-international-ltd) ₹8,775 crore · Power - Transmission/Equipment
5. [Indo Count Industries Ltd](https://www.sectoralpha.in/stocks/indo-count-industries-ltd) ₹8,756 crore · Textiles - Home Textile

## What else do people ask about Titagarh Rail? ### What is Titagarh Rail's share price today? Titagarh Rail Systems Ltd's share price is ₹683.75, −22.7% over the past year. The whole company is worth ₹9,211 Cr on the market. In the last 52 weeks it traded between ₹596 to ₹922; today it is 27% of the way up from the low, 15.5% below its 200-day average (as of 3 November 2026). ### What were Titagarh Rail's latest quarterly results? Titagarh Rail Systems Ltd reported revenue of ₹765 Cr and net profit of ₹53.0 Cr for the Jun 2026 quarter. Revenue rose 12.7% and profit rose 71.0% compared with a year earlier. Earnings per share were ₹3.90. The operating margin was 12.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Titagarh Rail's market cap? Titagarh Rail Systems Ltd's market capitalisation is ₹9,211 Cr at a share price of ₹683.75. 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 Titagarh Rail performing? Titagarh Rail Systems Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 12.7% and profit rose 71.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will Titagarh Rail's share price go up? This page does not forecast Titagarh Rail Systems Ltd's share price. What it shows instead: the share price is ₹683.75, and it has been falling for 2 weeks. Its P/E of 47.5× is higher than 31% of its own last 10 years (as of 3 November 2026). ### Does Titagarh Rail have too much debt? No, Titagarh Rail Systems Ltd has little debt: its debt is 0.25× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹623 Cr against equity of ₹2,456 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Titagarh Rail in its business cycle? Titagarh Rail Systems Ltd's FY26 operating margin was 10.0%, against a 13-year range of −8.0% to 12.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. 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 Titagarh Rail story? The main question: yearly earnings per share moved +39.6% while the share price moved −22.7%. 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 Titagarh Rail a stock worth studying right now? What the numbers show: Titagarh Rail Systems Ltd's earnings have grown faster than its share price. Earnings per share grew +39.6% in a year while the price moved −22.7%. The main open question: whether the price catches up with earnings that have already grown. 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 Titagarh Rail share price forecast for 2026? What management itself guided: FRS wagon production at 600-650 per month until larger Indian Railways tender clarity. This is research, not advice. We’re not SEBI-registered.