Rs 6,320 Crore Order Book: Multibagger Railway Wagons Company Secures Rs 255 Crore Order from Braithwaite & Company
The company has a market cap of Rs 12,845 crore with a PE of 33.38x, and the industry PE is trading at 33x, showing small premium valuations.
Jupiter Tatravagonka Railwheel Factory Pvt. Ltd, the specialized wheelset manufacturing arm of Jupiter Wagons Limited (JWL), has been awarded a prestigious contract worth Rs 255 crore from Braithwaite & Co. for the supply of 9,140 wheelsets of 840 mm diameter for 25-ton axle load applications.
This order further strengthens Jupiter’s position as a leading domestic manufacturer of highperformance railway wheelsets, contributing to India's growing need for self-reliant and advanced mobility solutions. With this latest win; The Company’s total order book now stands at ₹560 crore, reflecting the company’s growing influence in the railway infrastructure sector.
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As part of its strategic expansion plans, Jupiter is targeting Rs 600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities.
To support this vision, Jupiter is executing a major expansion of its manufacturing capabilities. The company is setting up a world-class production facility in Odisha, which will increase its capacity from the current 20,000 forged wheels and axles annually to an impressive 1,00,000 forged wheelsets per year. The expansion is backed by a Rs 2,500 crore investment, aligning with India's vision to bolster domestic manufacturing and reduce reliance on imports.
The project is progressing as per the planned timeline, with the Commercial Operation Date (COD) for axle production expected by December 2026, while the complete wheel and axle production unit is targeted for completion by December 2027.
Commenting on the development, Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, said:"This order from Braithwaite & Co. underscores the trust in Jupiter Tatravagonka Railwheel Factory's manufacturing excellence and our ability to meet the evolving demands of India's railway sector. With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale. Our Odisha facility will be a game-changer in this space, ensuring India’s self-sufficiency in wheelset manufacturing while also positioning us as a global supplier. This milestone aligns with our commitment to strengthening the railway supply chain, reducing import dependency, and driving innovation in railway mobility solutions”
In addition to its railway manufacturing expertise, Jupiter Electric Mobility Pvt. Ltd (JEM), the commercial EV arm of JWL, is gearing up for the commercial launch of JEM TEZ on March 3, 2025, in Indore. This marks a key step in the company’s broader strategy to diversify into sustainable and future-ready mobility solutions.
Jupiter Tatravagonka Railwheel Factory remains committed to driving innovation, strengthening India’s railway ecosystem, and contributing to the nation’s transportation growth through continued investments in advanced manufacturing.
About the Company
Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components.
The company has a market cap of Rs 12,845 crore with a PE of 33.38x, and the industry PE is trading at 33x, showing small premium valuations. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.