Rs 14,750 crore order book and Promoters sold 5.37 per cent stake: This multibagger railway wagons company inaugurates New Engineering Centre in Bangalore

The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 2,000 per cent returns in 3 years.

Today, shares of Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited) surged 4.29 per cent to Rs 1,220.75 per share from its previous closing of Rs 1,120.10. The shares of the company spurt in volume by more than 1.36 times on BSE.  

Titagarh Rail Systems Limited (TRSL), the prominent Indian rolling stock manufacturer, inaugurates a new engineering centre in Bangalore, furthering its innovation and design journey. The state-of-the-art facility will be dedicated to new product development for Train Control & Monitoring Systems (TCMS) and advanced Propulsion Systems, revolutionizing the future of rail transportation in the country. The Engineering Centre will also play a key role in executing TRSL’s current and upcoming rolling stock & propulsion projects like Surat & Ahmedabad Metro, Vande Bharat, ICF EMU/MEMU etc. demonstrating the Company’s unwavering commitment to the ‘Make-in-India’ and ‘Atmanirbhar Bharat’ initiative towards a Viksit Bharat.

Outfitted with cutting-edge technology and infrastructure, the new Centre is designed to foster creativity and collaboration among TRSL’s engineers and designers. The Company anticipates hiring many experienced engineers in several rolling stock disciplines at this facility. The centre will function as an innovation hub, where ideas are transformed into tangible solutions that tackle the complexities of modern rail transportation. This strategic expansion underscores the Company’s commitment to building a brighter and more connected tomorrow.

"We are incredibly proud to inaugurate our new engineering centre in Bangalore. It is a hub of exciting engineering talent that will serve as a perfect opportunity for aspiring young engineers to support ever growing vision of Titagarh. The facility reaffirms our commitment to pushing the envelope in implementing cutting-edge rail technology while contributing to building an enhanced connectivity in the country. The Centre is a step towards our vision to offer completely made-in-India metro coaches to strengthen the country’s local transportation, and also ensure that we are at the forefront of the rail industry's evolution" said Mr Umesh Chowdhary, Vice Chairman and Managing Director, Titagarh Rail Systems Limited.

Also Read: 4:1 bonus shares in FY24; Rs 2,460 crore order book & FIIs bought 3.27 per cent stake: Multibagger engineering stock under Rs 21 surges over 4 per cent!

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 15,000 crore.

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).

The promoters of the company sold a 5.37 per cent stake in the company and decreased their stake to 42.46 per cent in March 2024 compared to 47.82 per cent in March 2023. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 2,000 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