Company research / Focus view

Titagarh Rail Systems

TITAGARH · Capital Goods & Engineering · small cap · Smallcap 50

Revenue · FY26

₹3,161 cr

-16.9% YoY

What the business sold

Net profit · FY26

₹123 cr

+39.6% YoY

What it kept after tax

Operating profit · FY26

₹303 cr

-25.0% YoY

Profit from operations

Operating cash flow · FY26

₹322 cr

+431.0% YoY

Cash the operations produced

Total debt · FY26

₹623 cr

-0.6% YoY

Borrowings against the business

Dividend per share · FY26

—

Paid out per share · not collected yet

Five years in perspective

Price index · Start = 100 · Dividends excluded · ₹842.15 today (-1.98%)

+804.6% · 5Y

2021 · 10020222023202420252026 · 893.5

1M -0.3%6M +28.4%1Y -6.5%3Y +2.8%5Y +804.6%

Market cap

₹10,096 Cr

As of 13 Sept 2026

Price to earnings

57.8

Price to book 4.7

Dividend yield

12.00%

Trailing twelve months

52-week range

₹569 – ₹971

Closing prices

The financial record

₹ crore · Consolidated where reported · Indian fiscal years (April–March)

Reported metric	FY23	FY24	FY25	FY26
Revenue	2,755	3,805	3,805	3,161
Operating profit	270	427	404	303
Net profit	130	286	88	123
Operating cash flow	41	86	-97	322
Free cash flow	4	-78	-333	-46
Capital expenditure	-37	-164	-236	-369
Tax expense	55	100	63	71
Total debt	353	166	627	623
Cash and equivalents	55	329	25	162
Shareholders equity	964	2,218	2,295	2,456
Earnings per share (₹)	10.89	22.46	6.42	9.11

Not collected yet for this company: Dividend per share. These come from the filings, not the daily price feed.

Recent quarters

₹ crore · Most recent first

Quarter ended	Revenue	Operating profit	Net profit	EPS (₹)
30 Jun 2026	765	80	53	3.84
31 Mar 2026	875	83	54	3.97
31 Dec 2025	832	80	48	3.58
30 Sept 2025	799	71	37	2.73
30 Jun 2025	679	63	-23	-1.71

Developments

0 positive · 0 negative

NeutralEarningsyesterday

Titagarh Rail Systems releases Q4 & FY26 earnings call transcript

Titagarh Rail Systemssmall cap

scanx.trade13 Sept 2026, 11:14 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral4 days ago

Siemens and Titagarh to work together on international metro train markets

Siemenslarge cap Titagarh Rail SystemsMentioned

rollingstockworld.com10 Sept 2026, 8:53 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral4 days ago

Railway sector stocks rise today, September 10: Texmaco Rail jumps 3%, Titagarh Rail gains 2%, IRCON up 1%

Titagarh Rail Systemssmall cap

Business Upturn10 Sept 2026, 10:18 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral4 days ago

Explained: 2 key developments driving RVNL, Ircon and other railway stocks higher

Titagarh Rail Systemssmall cap

The Economic Times10 Sept 2026, 9:25 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralEarnings5 days ago

IRFC, RVNL, IRCON, RITES, BEML, Jupitar Wagons, IRCTC, Concor: Are Railway Stocks Attractive Before Q1 Results

Titagarh Rail Systemssmall cap Container Corporation of IndiaMentioned Indian Railway Finance CorpMentioned

goodreturns.in9 Sept 2026, 12:30 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

Titagarh, AIA, HBL பங்குகளில் திடீர் மாற்றம்! அனலிஸ்ட்களின் அதிரடி கணிப்பு என்ன?

Titagarh Rail Systemssmall cap

Whalesbook9 Sept 2026, 9:25 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement5 days ago

Titagarh Rail Systems confirms no new encumbrance on promoter shares in FY26

Titagarh Rail Systemssmall cap

scanx.trade9 Sept 2026, 9:12 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Titagarh Rail Systems: Update Your KYC Now

Titagarh Rail Systemssmall cap

InvestyWise8 Sept 2026, 7:46 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Titagarh Rail Systems files FY26 BRSR with Grant Thornton assurance

Titagarh Rail Systemssmall cap

scanx.trade8 Sept 2026, 7:10 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralDividend6 days ago

Titagarh Rail Systems: Dividend Tax Information

Titagarh Rail Systemssmall cap

InvestyWise8 Sept 2026, 5:00 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralDividend6 days ago

Titagarh Rail Systems proposes ₹1 dividend, sets Sep 30 AGM

Titagarh Rail Systemssmall cap

scanx.trade8 Sept 2026, 3:08 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Titagarh Rail Systems: 29th AGM on Sep 30, 2026

Titagarh Rail Systemssmall cap

InvestyWise8 Sept 2026, 2:40 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralDividend6 days ago

Titagarh Rail Systems Limited: FY26 Financials Filed, ₹1 Dividend Declared

Titagarh Rail Systemssmall cap

InvestyWise8 Sept 2026, 2:25 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Jupiter Wagons Surges 13%, IRCON, RVNL, Titagarh, IRFC Shares Climb: Know Why Railway Stocks Are Rising Today

Titagarh Rail Systemssmall cap Indian Railway Finance CorpMentioned

goodreturns.in8 Sept 2026, 1:00 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Titagarh, Apollo Hospitals, Divi’s Labs: இன்று சந்தையில் ட்ரெண்டிங்கில் இருக்கும் 6 பங்குகள்!

Titagarh Rail Systemssmall cap Apollo HospitalsMentioned Divi's LaboratoriesMentioned

Whalesbook8 Sept 2026, 8:33 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Titagarh, Apollo Hospitals, Divi’s Labs सहित ये 6 स्टॉक्स हैं फोकस में

Titagarh Rail Systemssmall cap Apollo HospitalsMentioned Divi's LaboratoriesMentioned

Whalesbook8 Sept 2026, 8:33 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Trade Spotlight: How should you trade Titagarh Rail Systems, AIA Engineering, Apollo Hospitals, Divis...

Apollo Hospitalslarge cap Titagarh Rail SystemsMentioned

Moneycontrol.com8 Sept 2026, 7:59 am IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralM&A6 days ago

Titagarh Rail Systems Discontinues Non-Operational Joint Venture With Mermec

Titagarh Rail Systemssmall cap

Sahi8 Sept 2026, 6:56 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralM&A7 days ago

Titagarh Rail Systems Ends Joint Venture With Mermec In Non-Operational TMPL

Titagarh Rail Systemssmall cap

Sahi7 Sept 2026, 7:53 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralManagement7 days ago

Titagarh Rail Systems Approves Re-Appointment Of Anil Kumar Agarwal As Deputy Managing Director

Titagarh Rail Systemssmall cap

TradingView7 Sept 2026, 7:36 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

About the business

Titagarh Rail Systems Limited engages in the manufacture and sale of freight and passenger rail systems in India and internationally. The company offers forged wheel set, loco shells, couplers, draft gears, cast bogies, and cast manganese steel crossing products; automobile-carrying, flat, hopper, tank, box, covered, and special purpose wagons; and brake vans. It also provides passenger rolling stock products, including high speed electric loco, electric multiple unit train sets, metros, semi high-speed trains, light rail transport, diesel electric multiple units, body shells, and bogies; and propulsion and electrical equipment, such as traction converters and power electronics, propulsion systems, auxiliary power supply products, electronic equipment, traction motors, train control and monitoring systems, and hardware and software products. In addition, the company offers maintenance, assistance and global, repair, inspection and refurbishing, systems and electrical equipment upgrade, exteriors and interiors face-lift, and power upgrading services. Further, it engages in the shipbuilding business comprising coastal research vessels, naval vessels, passenger ships, tugs, and inland water transport vessels. Additionally, the company manufactures modular panel bridges, bailey bridges, unibridges, and matière X bridges; and defense products, such as shelters, specialized wagons, EMI/EMS containers, CBRNe equipment, mine ploughs, pressure vessels, and specialized canopies. Titagarh Rail Systems Limited has a strategic collaboration with TuTr Hyperloop Private Limited to develop hyperloop technology enabled freight transportation solutions. The company was formerly known as Titagarh Wagons Limited and changed its name to Titagarh Rail Systems Limited in May 2023. Titagarh Rail Systems Limited was incorporated in 1997 and is based in Kolkata, India.

Industry: Railroads

www.titagarh.in

Data confidence

Prices, fundamentals and developments last verified 13 Sept 2026. Fundamentals are sourced from public filings feeds; interpretation is shown separately from figures.

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