Rs 7,115 crore order book: Railway Wagons Company Secures Rs 122.31 Crore Contract to Power Western Railway Project
Despite a 1-year return of -18.7 per cent, Texmaco has delivered an impressive 3-year return of 259.29 per cent
Texmaco Rail & Engineering Limited, a key player in the engineering infrastructure segment and part of the Adventz Group, has secured a significant order worth Rs 122.31 crore from Mumbai Railway Vikas Corporation Limited. This contract entails the design, supply, construction, installation, testing, and commissioning of traction transformers and related work for the Western Railway. The entire project is slated for completion within 30 months, marking another milestone in Texmaco's expanding portfolio of infrastructure achievements.
Established in 1998, Texmaco Rail & Engineering Ltd is engaged in multiple business segments, including rolling stock, rail EPC, steel foundry, traction and coaching, and bridges and other steel structures. Operating from six manufacturing facilities across West Bengal and Chhattisgarh, the company boasts India's largest steel foundry. It also holds the unique distinction of being the only Indian firm certified by the Association of American Railroads, allowing it to export to international markets like the United States and Australia.
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As of June 04, 2025, the company’s stock is trading at Rs 1171.69 on NSE, with a 52-week high of Rs 287.55 and a 52-week low of Rs 124.15. Despite a 1-year return of -18.7 per cent, Texmaco has delivered an impressive 3-year return of 259.29 per cent, placing it firmly in the multibagger stock category. The company has a market capitalisation of Rs 6,451 crore and a price-to-earnings (PE) ratio of 31.48, reflecting investor interest and expectations of long-term value.
Texmaco's current order book stands robust at Rs 8,517 crore, with a significant portion derived from Indian Railways. As Indian Railways plans to procure 1,50,000 freight cars by 2025, Texmaco has already secured its largest-ever order of over 20,000 freight cars. This places the company in a strong position to capitalise on ongoing and upcoming rail infrastructure projects.
Texmaco Rail & Engineering's continued success highlights its importance in both domestic and global railway infrastructure. Its diversified operations, manufacturing strength, and strategic growth in rail EPC and rolling stock production align well with India’s infrastructure development plans.
Disclaimer: The article is for informational purposes only and not investment advice.