Rs 27,890 crore order book & FIIs increase stake: Akash Bhanshali’s portfolio multibagger railway wans stock reports a 185 per cent jump in net profit!

The stock gave multibagger returns of 150 per cent in just 6 months, 400 per cent in 1 year and a whopping 1,850 per cent returns in 3 years.

Titagarh Rail Systems Ltd (formerly known as Titagarh Wagons Limited) announced its Quarterly Results (Q2FY24), half-year results (H1FY24) and FIIs update for the fiscal year 2024. Here are the details:

Quarterly Results: The net sales increased by 54.08 per cent to Rs 935.45 crore, operating profit increased by 70.87 per cent to Rs 121.86 crore and net profit increased by 52.38 per cent to Rs 71.08 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 62.56 per cent to Rs 1,846.21 crore, operating profit increased by 110.79 per cent to Rs 231.85 crore and net profit increased by 185.21 per cent to Rs 132.67 crore in H1FY24 compared to H1FY23.

FIIs Update: In the June 2023 quarter, foreign institutional investors (FIIs) held 7.05 per cent of the company's stock. In the September 2023 quarter, FIIs increased their stake to 16.85 per cent of the company's stock. The number of FII/FPI investors increased from 92 to 178 in September 2023.

Order Book: The order book stands at Rs 27,890 crore as of June 30, 2023 (Passenger Rolling Stocks orders amounting to Rs 12,716 crore and Freight Rolling Stocks orders amounting to Rs 6,300 crore).

On Thursday, shares of Titagarh Rail Systems Ltd plunged 2.96 per cent to Rs 798 per share from its previous closing of Rs 797.20. The stock traded at an intraday high of Rs 848.10 and an intraday low of Rs 791.

In FY23, net sales increased by 44 per cent to Rs 2,780 crore compared to FY22. The company reported a net profit of Rs 126 crore in FY23, compared to a net loss of Rs 1 crore in FY22. The company has reduced its debt and delivered a strong profit growth of 24.1 per cent CAGR over the last 5 years. An ace investor, Akash Bhanshali owns 12,95,079 shares or 1.08 per cent stake in the company as of June 2023.

 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 stock gave multibagger returns of 150 per cent in just 6 months, 400 per cent in 1 year and a whopping 1,850 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.