Rs 27,890 crore order book: Multibagger railways wagon stock hits 52-week high as the company reports a 5,000 per cent jump in net profit!

The stock gave multibagger returns of 190 per cent in just 6 months whereas BSE small-cap Index is up by 21.37 per cent and gained over 1,400 per cent in 3 years.

On Monday, shares of Titagarh Rail Systems Ltd surged 9.32 per cent to make a new 52-week high of Rs 672.15 per share from its previous closing of Rs 614.85. At the closing bell, shares of the company ended the day in green, up 3.11 per cent to Rs 634 per share.

Titagarh Rail Systems Limited (TRSL) announced Quarterly Results (Q1FY24) for the period ending June 30, 2023. Details below:

• Revenue from Operations grew by 110.89 per cent from Rs 431.86 crore in Q1FY23 to Rs 910.76 crore in Q1FY24.
• Operating profit increased by 123.73 per cent from Rs 49.17 crore in Q1FY23 to Rs 110 crore in Q1FY24.  
• Net profit increased by 5,039.60 per cent from Rs 1.20 crore in Q1FY23 to Rs 61.78 crore in Q1FY24.
• The order book stands at Rs 27,890 crore as of June 30, 2023. (Passenger Rolling Stocks order amounting to Rs 12,716 crore and Freight Rolling Stocks order amounting to Rs 6,300 crore)

The company has received a Letter of Acceptance from Gujarat Metro Rail Corporation Limited for designing, manufacturing, and supplying standard gauge metro coaches for Surat Metro Rail Phase-I. The company secured wagon orders worth Rs 443 crore, increasing the wagon order book from private players to 20 per cent of the FTRS order book.

The Titagarh-BHEL Truly Aatma-Nirbhar consortium signed a contract to manufacture and maintain 80 Vande Bharat trainsets worth Rs 24,000 crore. The Ramkrishna Titagarh Rail Wheels Limited (RTRWL) was incorporated on June 9, 2023, with Titagarh Rail Systems Limited and Ramkrishna Forgings Limited as joint ventures. The company plans to expand capacity and set up component facilities in both operating segments.

Titagarh Rail Systems Ltd also known as Titagarh Wagons Ltd, is a leading railways wagon company in India that mainly manufactures and sells freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment & bridges, ships, etc.

The stock gave multibagger returns of 190 per cent in just 6 months whereas BSE Small-Cap Index is up by 21.37 per cent and gained over 1,400 per cent in 3 years. Do you own this railways wagon stock in your portfolio?

Disclaimer: The article is for informational purposes only and not investment advice.