Is Titagarh Railsystems a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Titagarh Railsystems Ltd is a below average quality company .

Is Titagarh Railsystems undervalued or overvalued?

The key valuation ratios of Titagarh Railsystems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Titagarh Railsystems share price return in the past 10 years?

Titagarh Railsystems Ltd share price has appreciated 33.3% annually (CAGR) over the past ten years.

Is Titagarh Railsystems a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Titagarh Railsystems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Titagarh Railsystems Ltd - Stock Valuation and Financial Performance

Name: Titagarh Railsystems
Brand: Titagarh Railsystems

BSE: 532966 | NSE: TITAGARH | Railways Wagons | Small Cap

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Titagarh Railsystems Share Price

₹1,188 -4.45 -0.37%
as on 03-Dec'24 16:59

10 Year X-Ray of Titagarh Railsystems:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.2%	-1.1%	3.4%	0.8%	-4.3%	-3%	11.9%	12.1%	21.6%	26.8%	-
Value Creation Index ⓘ	-0.8	-1.1	-0.8	-0.9	-1.3	-1.2	-0.2	-0.1	0.5	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	376	312	349	314	1,060	1,484	1,026	1,496	2,781	3,853	3,967
Sales YoY Gr.	-	-17%	11.9%	-10.1%	237.8%	40%	-30.9%	45.8%	85.9%	38.6%	-
Adj EPS ⓘ	2.7	-0.1	1.4	-0.1	1.6	1.1	4	2.4	9.7	21.5	23.4
YoY Gr.	-	-103.8%	NA	-103.5%	NA	-33.5%	281.9%	-39.7%	301.7%	121.6%	-
BVPS (₹) ⓘ	62.2	75.8	77.4	76.8	77.2	70.4	72.9	72.7	80.5	165.5	176.2
Adj Net Profit ⓘ	26.7	-1.2	16.5	-0.5	18.2	12.1	47.8	29	116	290	315
Cash Flow from Ops. ⓘ	90.9	-44.2	-27.7	28.4	-93.7	296	226	34.9	62	92.8	-
Debt/CF from Ops. ⓘ	0.2	-0.3	-1.6	3.5	-3.2	0.7	0.5	4	4	0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	29.5%	29.4%	55.5%	38.6%
Adj EPS ⓘ	26.2%	68.6%	75.1%	121.6%
BVPSⓘ	11.5%	16.5%	31.4%	105.5%
Share Price	33.3%	93.1%	137.2%	21.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	4.2	-0.2	1.9	-0.1	2	1.4	5.7	3.3	12.7	18.2	13.7
Op. Profit Mgn % ⓘ	8.4	-1.7	3.4	-2.5	5.5	8.6	11.8	11	9.5	11.6	11.6
Net Profit Mgn % ⓘ	7.1	-0.4	4.7	-0.2	1.7	0.8	4.7	1.9	4.2	7.5	7.9
Debt to Equity ⓘ	0	0	0.1	0.1	0.3	0.3	0.1	0.2	0.3	0	0
Working Cap Days ⓘ	324	365	418	694	293	238	307	237	168	156	90
Cash Conv. Cycle ⓘ	184	192	190	240	58	32	54	52	41	50	54

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.70%

Sales growth is growing at healthy rate in last 3 years 55.45%

Net Profit is growing at healthy rate in last 3 years 75.13%

Sales growth is good in last 4 quarters at 11.19%

No data to display

Latest Financials - Titagarh Railsystems Ltd.

	Standalone	Consolidated
TTM EPS (₹)	23.4	22.4
TTM Sales (₹ Cr.)	3,967	3,967
BVPS (₹.) ⓘ	176.2	174.8
Reserves (₹ Cr.) ⓘ	2,346	2,327
P/BV ⓘ	6.77	6.82
PE ⓘ	51.00	53.27

From the Market
52 Week Low / High (₹)	782.10 / 1896.50
All Time Low / High (₹)	13.97 / 1896.50
Market Cap (₹ Cr.)	16,059
Equity (₹ Cr.)	26.9
Face Value (₹)	2
Industry PE ⓘ	54.2

Management X-Ray of Titagarh Railsystems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.06

* Pledged shares as % of Promoter's holding (%)

Valuation of Titagarh Railsystems

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Titagarh Railsystems

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	376	312	349	314	1,060	1,484	1,026	1,496	2,781	3,853
Operating Expenses ⓘ	352	317	337	322	1,002	1,357	907	1,335	2,516	3,405
Manufacturing Costs	63	67	72	67	149	196	107	145	233	266
Material Costs	231	197	197	178	756	1,078	731	1,074	2,150	2,988
Employee Cost	18	20	23	29	33	35	28	45	57	66
Other Costs ⓘ	40	34	45	48	64	48	39	71	77	85
Operating Profit ⓘ	24	-5	12	-8	58	127	119	160	264	449
Operating Profit Margin (%)	6.5%	-1.7%	3.4%	-2.5%	5.5%	8.6%	11.6%	10.7%	9.5%	11.6%
Other Income ⓘ	23	28	30	29	37	19	11	26	44	49
Interest ⓘ	6	5	4	9	39	65	55	57	81	73
Depreciation ⓘ	9	12	12	13	16	18	16	18	23	27
Exceptional Items ⓘ	-17	-20	0	0	-127	-161	4	-48	-46	0
Profit Before Tax ⓘ	15	-14	26	-1	-87	-98	64	63	159	397
Tax ⓘ	5	-5	7	-4	-31	-19	14	29	55	100
Profit After Tax	10	-9	19	3	-55	-80	50	33	103	297
PAT Margin (%)	2.6%	-2.9%	5.5%	0.9%	-5.2%	-5.4%	4.9%	2.2%	3.7%	7.7%
Adjusted EPS (₹)	1.0	-0.8	1.7	0.3	-4.8	-6.9	4.2	2.8	8.6	22.1
Dividend Payout Ratio (%)	81%	-103%	48%	119%	-6%	0%	0%	0%	6%	4%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	630	874	894	887	892	814	870	870	963	2,228
Share Capital ⓘ	20	23	23	23	23	23	24	24	24	27
Reserves ⓘ	610	851	871	864	869	791	846	846	939	2,201
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	15	13	43	99	292	211	102	112	216	54
Long Term Debt	0	0	0	0	86	147	102	53	50	37
Short Term Debt	15	13	43	99	206	63	0	59	167	17
Trade Payables	40	36	37	37	335	212	134	230	323	319
Others Liabilities ⓘ	77	85	239	376	290	405	522	695	807	1,003
Total Liabilities ⓘ	762	1,009	1,212	1,399	1,809	1,642	1,628	1,906	2,310	3,605
Fixed Assets
Gross Block	198	309	328	335	655	669	666	787	862	905
Accumulated Depreciation	85	10	21	33	67	85	93	111	132	159
Net Fixed Assetsⓘ	113	299	307	302	587	584	573	676	730	746
CWIP ⓘ	3	2	5	16	19	0	16	0	12	175
Investmentsⓘ	216	233	363	384	158	104	133	60	45	213
Inventories	135	139	150	133	316	206	199	312	461	524
Trade Receivables	75	71	110	105	186	159	139	199	279	533
Cash Equivalents	105	149	16	15	23	37	92	39	85	607
Others Assetsⓘ	115	116	261	445	521	552	475	619	697	807
Total Assets ⓘ	762	1,009	1,212	1,399	1,809	1,642	1,628	1,906	2,310	3,605

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	91	-44	-28	28	-94	296	226	35	62	93
PBT ⓘ	15	-14	26	-1	-87	-98	64	63	159	397
Adjustment ⓘ	9	-11	0	8	169	213	59	135	149	81
Changes in Working Capital ⓘ	75	-13	-53	22	-174	190	101	-152	-180	-285
Tax Paid ⓘ	-8	-7	-1	-1	-2	-8	1	-11	-66	-101
Cash Flow From Investing Activity ⓘ	-45	-75	3	-67	22	-143	-39	-59	-77	-531
Capex	-9	-3	-26	-12	-29	3	-20	-72	-37	-164
Net Investments	1	-46	78	-4	-5	14	-14	9	-31	-390
Others ⓘ	-38	-26	-49	-51	56	-159	-5	5	-10	22
Cash Flow From Financing Activityⓘ	-63	115	28	37	70	-145	-147	-22	50	724
Net Proceeds from Shares ⓘ	0	145	0	0	2	4	0	1	0	975
Net Proceeds from Borrowing ⓘ	0	0	0	0	11	53	-47	-48	3	-33
Interest Paid ⓘ	-4	-4	-4	-8	-37	-55	-37	-30	-52	-47
Dividend Paid ⓘ	-9	-22	0	-11	-4	-4	0	0	0	-6
Others ⓘ	-49	-5	32	56	97	-143	-63	55	99	-164
Net Cash Flow ⓘ	-18	-4	3	-2	-1	8	40	-46	34	286

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.58	-1.2	2.18	0.33	-6.22	-9.37	5.97	3.85	11.28	18.61
ROCE (%)	3.21	-1.11	3.36	0.82	-4.32	-3.01	11.91	12.1	21.57	26.83
Asset Turnover Ratio	0.51	0.37	0.33	0.24	0.66	0.86	0.63	0.85	1.32	1.3
PAT to CFO Conversion(x)	9.1	N/A	-1.47	9.33	N/A	N/A	4.52	1.06	0.6	0.31
Working Capital Days
Receivable Days	57	82	89	124	50	42	53	41	31	38
Inventory Days	160	154	142	163	77	64	72	62	51	47
Payable Days	44	70	67	75	90	93	86	62	47	39

Titagarh Railsystems Ltd Stock News

Titagarh Railsystems Ltd FAQs

What is the share price of Titagarh Railsystems?

Company share prices are keep on changing according to the market conditions. The closing price of Titagarh Railsystems on 03-Dec-2024 16:59 is ₹1,188.

What is the market cap of Titagarh Railsystems?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Titagarh Railsystems stood at ₹16,059.2.

What is the P/E ratio of Titagarh Railsystems?

The latest P/E ratio of Titagarh Railsystems as of 03-Dec-2024 16:59 is 51.00.

What is the P/B ratio of Titagarh Railsystems?

The latest P/B ratio of Titagarh Railsystems as of 03-Dec-2024 16:59 is 6.77.

What is the 52-week high and low of Titagarh Railsystems?

The 52-week high of Titagarh Railsystems is ₹1,896.5 and the 52-week low is ₹782.1.

What is the TTM revenue of Titagarh Railsystems?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Titagarh Railsystems is ₹3,967 ( Cr.) .

About Titagarh Railsystems Ltd

Titagarh Wagons, incorporated in 1997, is primarily engaged in the manufacturing of railway wagons. It is one of the leading private sector wagon manufacturers in India. The company has received certifications for its quality management such as ISO 9001: 2000 and BS EN ISO 9001:2000. The rating agency CRISIL has upgraded the rating of TWL from 'A 1' to 'A 1+' i.e. 'Positive'.

Currently, the company is engaged in manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration. The company also manufactures products for the Indian defence establishment, such as special wagons, shelters and other engineering equipments.

In its initial year, the company started the development of the prototype of BOXN Wagon. Immediately next year the company was awarded an order from Indian Railway to manufacture BOXN and BCNA type wagons. In 2000 there was addition of new type of wagon i.e. BOBYN.

In the year 2001, Titagarh Wagons started its Bailey bridge division. The company started manufacturing of BOBRN type wagon. In 2002 the company despatched its first set of components of Bailey bridges.

Products

Wagon- The company manufactures range of wagons such as hopper wagon, covered wagon, open top wagon, container flat wagon, tank wagon, flat wagon and special purpose wagon.

Heavy Earth Moving and Mining Equipment- Under this the company manufactures hydraulic excavator and crawler mounted crane.

Foundry- Under this company manufactures bogies and couplers.

Rail Coach- Titagarh Wagons manufactures rail coaches for metro systems. It is planning to develop coaches for metro systems setting up at Mumbai, Hyderabad and Bangalore.

The company is also engaged in undertaking special projects such as developing Bailey bridges, other modular steel bridges and equipments for nuclear power and defence sector.

Milestones

1997 - Year of Incorporation : Development of the Proto Type of BOXN Wagon
1998 - 1st Order from the Indian Railways [For BOXN & BCNA Type Wagons
2000 - ISO:9002 Certification from Lloyds UK
2000 - Addition of new type of wagon (BOBYN) in the order book
2001 - Bailey Bridge Division : Only Pvt. Sector Unit Registered with the Ministry of Defence, Government of India.
2001 - Commencement of Manufacturing BOBRN Type Wagon
2002 - Recognition from the Minstry of Defence, Government of India as an â€˜Industry Partnerâ€™ for wagons and Bridges
2002 - First order for manufacture and supply of Bailey Bridge
2002 - Upgradation of Quality Certification to ISO: 9001-1994 from Lloydâ€™s Register Quality Assurance, United Kingdom
2002 - Despatch of the first set of components for Bailey Bridge
2003 - Commencement of two new types of wagons BOST and BFNS in the order book
2003 - First order received for supply of Container Flat wagons from CONCOR
2003 - First order for supply of Special Purpose Wagons for the Ministry of Defence
2003 - Upgradation of Quality Certification to ISO: 9001-2000 from Lloydâ€™s Register Quality Assurance, United Kingdom
2003 - Recognition of In-House R&D unit by the by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. Of India
2003 - Registered Supplier for United Nations Procurement Division for the manufacture and supply of fabricated engineering items
2004 - Received registration from the Ministry Of Defence, Government Of India to be a licensed manufacture of Integrated Field Shelter (NBC Shelter)
2004 - 1st Export Order from Africa
2005 - Order for the MGR Type Wagon from NTPC
2005 - Commencement of Manufacturing BRNAHS Type Wagon
2005 - 1st Private Sector Order of BOXN-HS wagon under OYWS
2005 - Execution of BTA with Hyderabad Industries Limited for Acquisition of Heavy Engineering Division
2005 - Investment in Equity Share of the Company by Strategic Venture (Mauritius) Limited
2006 - Investment in Equity Share of the company by 2i Capital PCC
2006 - Investment in Equity Share of the company by Goya Limited
2006 - Received Quality Certification from ISO: 9001-2000 from Indian Register Quality System (Indian Register of Shipping) for the Heavy Engineering Division
2006 - Roll out first ever wagon manufacture under WIS
2006 - First order from Private Sector for supply of Food Grain Wagon
2006 - First order under Privatisation of Container Freight Traffic for Supply Container Flat Wagon
2006 - Addition of new type of wagon (BOXN-LW) in the order book
2006 - First order for supply of tank wagons (BTPN)
2006 - Entered into a memorandum of understanding with M/s Kawada, Inc, Japan, for development of double lane modular bridges, called Kawada System Truss Bridges
2007- Entered into a Share Subscription Agreement with GE. Received first order for EMU Coaches from Indian Railway Entered into an agreement for revival of Cimmco
2008- Initial Public Offering of shares. Listing at BSE and NSE, Joint venture for Air Brake Systems & Slack AdjustersSet up a wholly owned subsidiary in Singapore
2009- Delivered 1st rake of EMUs to Indian Railways , Titagarh Biotec P Ltd. (wholly owned subsidiary) and Titagarh Steels Limited were merged with the Company
2010- Set up a subsidiary (Titagarh Wagons AFR (TWA)) in France and acquired assets and business of a Wagon/Rolling Stock manufacturing unit in France with capacity to manufacture 5000 wagons. TWA has strong design, research & development competencies
2012- Titagarh Marine Ltd (TML) has become a subsidiary of Titagarh Wagons Ltd.