Rs 14,750 crore order book and 1,900 per cent returns: This multibagger railway stock begins export of traction converters order worth EUR 7.18 million!

Shares of the company gained more than 40 per cent in the last six months.

Titagarh Rail Systems Limited (TRSL) has initiated the export of traction converters, marking a significant milestone. The first shipment of eight converters was sent to Titagarh Firema S.p.A, Italy, as part of a EUR 7.18 million order. These converters are destined for trainsets being manufactured for Regione Lazio, Italy. The production of these converters in India demonstrates TRSL's growing capabilities and its commitment to indigenization. The company plans to further expand its production capacity to meet increasing demand. This achievement underscores Titagarh's strong foothold in the global rail market and its ability to deliver complex components.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 1052.41 crore which grew by 8.03 per cent YoY. The operating profit of the company stood at Rs 134.75 crore, while the PAT of the company stood at Rs 83.35 crore, representing an impressive growth of 61.22 per cent YoY. The stock has delivered multibagger returns of over 1,900 per cent in last three years. The company has an order book of Rs 14,750 crore.

Titagarh Rail Systems is a leading comprehensive mobility solution provider with a strong presence in India and Italy. With state-of-the-art factories in both countries, we are committed to meeting the diverse requirements of passenger and freight rolling stock. At Titagarh, we specialize in crafting cutting-edge transportation solutions, including semi high-speed trains, urban metros, passenger coaches, propulsion systems, and a wide array of wagons, including specialized ones.

The stock has shown impressive growth, and investors should keep a close eye on this stock.  

Disclaimer: The article is for informational purposes only and not investment advice.