Rs 27,546 crore order book: Multibagger railways wagon stock delivers stellar quarterly and annual results!

The stock gave multibagger returns of 240 per cent in just 1 year whereas BSE small-cap Index is up by 17.50 per cent.

Titagarh Rail Systems Ltd also known as Titagarh Wagons Ltd, a leading automobile company in India announced its quarterly and annual results for the year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

• Total Revenue stood at Rs 974.22 crore, up 130.75 per cent over Q4FY22. 
• Operating profit stood at Rs 102.49 crore, up 105.14 per cent over Q4FY22.  
• Profit After Tax stood at Rs 51.94 crore, compared to a net loss of Rs 25.31 crore in Q4FY22.  
• The EPS for Q4FY23 stood at Rs 4.03.  

Financial Highlights for FY23:  

• Total Revenue stood at Rs 2,779.59 crore, up 89.51 per cent over FY22. 
• Operating profit stood at Rs 306.07 crore, up 67.58 per cent over FY22.  
• Profit After Tax stood at Rs 138.44 crore, compared to a net loss of Rs 0.68 crore in FY22.  
• The EPS for Q4FY23 stood at Rs 10.89.  

Order Book Update: The company has a total order book of Rs 27,546 crore as of March 31, 2023. The company secured a record-breaking order of 24,177 wagons worth Rs 7,800 crore from Indian Railways. In collaboration with BHEL, they also won a Rs 23,100 crore contract for 80 Vande Bharat trainsets (TWL share is 51 per cent). Another consortium secured a contract with Ramkrishna Forgings Ltd for manufacturing 2 lakh forged wheels, valued at Rs 12,600 crore, with guaranteed off-take from Indian Railways.

DSIJ offers a service  'multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

On Friday, shares of Titagarh Wagons Ltd surged 1.25 per cent to an intraday high of Rs 356.85 per share. At the closing bell, shares of the company ended the day in red down 1.74 per cent to Rs 346.30 per share. The shares of the company saw a spurt in volume by more than 1.16 times on BSE.

Titagarh Wagons Limited 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 240 per cent in just 1 year whereas BSE Small-Cap Index is up by 17.50 per cent. Do you own this railways wagon stock in your portfolio?