Rs 25,533 Crore Order Book: Metro Rail Engineering Company Delivers Driverless Made-in-India Trainset to Bengaluru Metro’s Yellow Line

The stock gave multibagger returns of 375 per cent in just 2 years and a whopping 2,170 per cent returns in 5 years.

Titagarh Rail Systems Ltd. has achieved a significant milestone by delivering its first driverless, Made-in-India trainset to the Bengaluru Metro Rail Corporation's Yellow Line. This stainless-steel trainset is the first of its kind to operate on this crucial 18-km stretch, connecting the Electronics City tech hub to the rest of the city. This handover underscores Titagarh's position as a leader in manufacturing cutting-edge railway technology and highlights India's growing prominence in the global rail manufacturing sector. The event was celebrated virtually with the presence of Shri. Manohar Lal, the Hon'ble Minister for Housing and Urban Affairs.

The driverless trainset incorporates advanced automation, marking a significant step forward in Indian rail technology. It is the first Metro train entirely manufactured in India for the Bangalore Metro's Yellow Line and the first stainless steel trainset produced by Titagarh Rail Systems Ltd. This achievement reflects India's progress in indigenization and its growing role as a global rail manufacturing hub, aligning with the Hon'ble Prime Minister's vision of a "Viksit Bharat" (Developed India). These trainsets operate in Driverless (GOA4) mode, enhancing efficiency with advanced automation and offering a seamless and secure passenger experience with modern interiors, reduced power consumption, and enhanced sustainability.

Titagarh is committed to delivering two more trainsets to the Yellow Line by April 2025 and plans to ramp up production to two trains per month by September 2025. This signifies a significant step towards improving urban mobility in India and showcases Titagarh's growing manufacturing capabilities and innovative approach within the railway sector.

Shri. Manohar Lal, Honourable Minister for Housing and Urban Affairs, said, “As we inaugurate Bengaluru Metro’s new trainset and surpass 1,000 kilometres of operational metro rail, we celebrate a significant milestone in India’s urban mobility journey. Bengaluru, a global hub of IT and innovation, continues to address urban challenges with enhanced metro connectivity, benefiting millions. Guided by PM Shri Narendra Modi Ji’s vision of a ‘Viksit Bharat’ by 2047, metro projects are transforming our cities, boosting economic growth, and creating jobs. With India now ranking third globally in metro rail, we aim to surpass the United States within five years. I commend Titagarh Rail Systems Ltd. for their exceptional ‘local for global’ manufacturing, delivering world-class trainsets, and contributing to Atmanirbhar Bharat.”

About the Company

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 14,000 crore.

According to the Quarterly Results, the net sales increased by 13 per cent to Rs 1,056.95 crore, operating profit increased by 15 per cent to Rs 140.13 crore and net profit increased by 19 per cent to Rs 84.84 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 6 per cent to Rs 1,960 crore, operating profit increased by 10 per cent to Rs 254.25 crore and net profit increased by 18 per cent to Rs 156.20 crore in H1FY25 compared to H1FY24.

Order Book: The order book stands at Rs 25,533 crore as of September 30, 2024. Where Rs 12,207 crore order book stands for the company and Rs 13,326 crore order book share from the joint venture. As of September 30, 2024, its order book consists of orders for 14,560 wagons and 1,592 Metro and Vande Bharat coaches.

In September 2024, FIIs & DIIs decreased their stake to 16.32 per cent and 13.94 per cent respectively compared to June 2024. The stock gave multibagger returns of 375 per cent in just 2 years and a whopping 2,170 per cent returns in 5 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.