Is Titagarh Rail Systems (TITAGARH) overvalued or fairly valued?

MarketChacha shows Titagarh Rail Systems's valuation in context — a forward P/E of about 23.7, a price-to-book of about 4.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Titagarh Rail Systems's revenue?

Titagarh Rail Systems reported revenue of ₹3,144 Cr for FY2026, with net profit of ₹151 Cr, per official filings.

What is the share price of Titagarh Rail Systems (TITAGARH)?

Titagarh Rail Systems last traded at ₹804.85 (-0.6% on the day), as of 10/6/2026 — a delayed quote shown for education, not investment advice.

Titagarh Rail Systems

TITAGARH · NSE · Railways/Wagons · India

Snapshot

TickerTITAGARH

ExchangeNSE

SectorRailways/Wagons

IndustryRailroads

CountryIndia

CEOMr. Devendra Kumar Vyas ACA, B. COM.

Employees1,052

HeadquartersKolkata, India

Websitewww.titagarh.in

Filings tracked13

About Titagarh Rail Systems

Titagarh Rail Systems Limited manufactures and sells freight and passenger rail systems in India and internationally. The company offers forged wheel set, cast bogies, couplers, draft gear, loco shells, and cast manganese steel crossing products; flat, hopper, tank, box, automobile-carrying, covered, and special purpose wagons; and brake vans. It also provides passenger rolling stock products, including semi high-speed trains, electric multiple unit train sets, urban metro rail system - aluminum and stainless steel; and propulsion and electrical equipment, such as propulsion systems, traction motors, auxiliary power supply products, electronic equipment, traction converters and power electronics, train control and monitoring systems, and hardware and software products. In addition, the company offers redesign, 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 naval vessels, tugs, inland water transport vessels, coastal research vessel, and passenger ships. Additionally, the company manufactures unibridges, modular panel bridges, and matière X bridges; and defense products, such as shelters, specialized wagons, EMI/EMS containers, CBRNe equipment, mine ploughs, pressure vessels, and specialized canopies. It 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 founded in 1983 and is based in Kolkata, India.

Who owns it

Promoters40.6%
Institutions20.5%
Public & other38.9%

56 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend3.7% → 4.8%

Margin has expanded by about 1.1 points — the business is getting more profitable.

Growth qualityrev 3% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹6,781 Cr · EPS 34.00

Est. earnings growth +59.0%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 5

Revenue (FY2026)

₹3,144 Cr

Net margin

4.8%

Revenue CAGR (3y)

+4.2%

Profit CAGR (3y)

+13.4%

Net profit (FY2026)

₹151 Cr

Ask MarketChacha about TITAGARH

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On MarketChacha

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹3,144 Cr	₹151 Cr	4.8%
FY2025	₹3,866 Cr	₹303 Cr	7.8%
FY2024	₹3,853 Cr	₹297 Cr	7.7%
FY2023	₹2,781 Cr	₹103 Cr	3.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
Q1 FY27	₹735 Cr	₹52 Cr	3.86	7.1%
Q4 FY26	₹859 Cr	—	—	—
Q3 FY26	₹832 Cr	—	—	—
Q2 FY26	₹788 Cr	₹47 Cr	—	6.0%
Q4 FY25	₹1,004 Cr	—	—	—

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Press Release / Media Release
Please find enclosed herewith Press Release dated 15th September, 2026
BSE9/15/2026
Memorandum of Understanding /Agreements
Signing of Joint Venture Agreement with Bharat Heavy Electricals Ltd
BSE9/15/2026
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
We enclose herewith letters sent to shareholders in pursuance to Regulation 36(1)(b) and 30 of SEBI (LODR) Regulation, 2015
BSE9/8/2026
Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed Business Responsibility and Sustainability Report along with reasonable assurance certificate for FYE 31st March, 2026
BSE9/8/2026
29Th Annual General Meeting Of The Company To Be Held On 30Th September, 2026
This is to inform that the 29th Annual General Meeting of the Company will be held on 30th September, 2026 at 01:30 P.M. through video conferencing/ other audio-visual means
BSE9/8/2026material
Reg. 34 (1) Annual Report.
Annual Report of Titagarh Rail Systems Limited for the financial year 2025-26
BSE9/8/2026
Board Meeting Outcome for Outcome Of Board Meeting
Outcome of the Board Meeting held today i.e. 7th September, 2026
BSE9/7/2026
General Update - Signing Of Memorandum Of Undertaking
Please find enclosed herewith non-binding Memorandum of Undertaking between Titagarh Rail Systems Limited and Siemens
BSE8/26/2026
Press Release / Media Release
Please find enclosed herewith Press Release dated 21st August, 2026.
BSE8/21/2026
General Update
Upgradation of Vendor status for 3-Phase Locomotive Traction Motor (6FRA-6068)
BSE8/19/2026
Earnings Call Transcript
We enclose transcript of Q1 & FY27 Earnings Call held on Friday, 14th August, 2026.
BSE8/19/2026
Change in Directorate
Reappointment of Executive Chairman of the Company w.e.f. 8th January, 2027 subject to shareholders approval
BSE8/13/2026
Press Release / Media Release
Please find enclosed herewith Press Release dated 1st August, 2026
BSE8/1/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.