Rs 14,750 crore order book and FIIs & DIIs increase stake: Multibagger railway wagons company’s PAT zooms over 100 per cent; details inside!

The stock gave multibagger returns of 290 per cent in just 1 year and a whopping 2,500 per cent returns in 3 years.

Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited) announced stellar Quarterly Results (Q4FY24) and annual results (FY24). Here are the details: -

According to the quarterly results, the net sales increased by 8 per cent to Rs 1,052.41 crore, operating profit increased by 31.5 per cent to Rs 134.75 crore and net profit increased by 56.3 per cent to Rs 81.16 crore in Q4FY24 compared to Q4FY23.

In its annual results, the net sales increased by 38.6 per cent to Rs 3,853.30 crore, operating profit increased by 60.7 per cent to Rs 491.74 crore and net profit increased by 108.6 per cent to Rs 288.75 crore in FY24 compared to FY23.

Order Book: The order book stands at Rs 14,750 crore as of March 31, 2023 (Passenger Rolling Stocks orders amounting to Rs 6,750 crore and Freight Rolling Stocks orders amounting to Rs 8,000 crore).

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The company also raised Rs 700 crore by issuing 75,02,679 new shares to qualified institutional buyers (QIBs). These shares were priced at Rs. 933 each, representing a premium of Rs 931 per share. Notably, this price reflects a slight discount of Rs. 43.10 (4.42 per cent) from the initial floor price set by SEBI regulations. The company plans to use the funds for debt repayment, working capital, and general corporate purposes which demonstrates investor confidence in TRSL's future and its position as a leading railway rolling stock manufacturer.

Titagarh Rail Systems Ltd a leading railway wagon company in India, mainly manufactures and sells freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment and bridges, ships, etc. The company is also expanding its capacity and setting up component facilities in both operating segments. The company has a market cap of over Rs 17,000 crore. FIIs increased their stake to 17.27 per cent and DIIs have increased their stake to 13.72 per cent in March 2024 compared to 6.07 per cent and 6.61 per cent, respectively in March 2023.

On Saturday, shares of Titagarh Rail Systems Ltd (TRSL) gained 5 per cent to Rs 1,285 per share from its previous closing of Rs 1,224.30. The stock’s 52-week high is Rs 1,308.95 and its 52-week low is Rs 321. The stock gave multibagger returns of 290 per cent in just 1 year and a whopping 2,500 per cent returns in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: This article is for informational purposes only and not intended as investment advice.