Rs 7,000 Crore Order Book! Is This Railway Stock the Next Big Growth Story?
With a strong order pipeline and new infrastructure plans, this company is positioned for growth.
Jupiter Wagons has secured an order worth Rs 600 crore from Ambuja Cement and ACC Limited, both part of the Adani Cement Group. The contract involves the manufacture and supply of BCFCM RAKES wagons, further strengthening the company’s position in the rail freight sector. This latest order boosts the company’s total order book to Rs 7,000 crore.
Strong Financial Performance in Q3 FY25
Jupiter Wagons reported revenue of Rs 1,029 crore in Q3 FY25, marking a 15 per cent year-on-year growth. EBITDA increased by 19.5 per cent to Rs 148 crore, with EBITDA margins expanding to 14.4 per cent from 13.9 per cent in Q3 FY24. Net profit surged by 18.4 per cent to Rs 97 crore, with a PAT margin of 9.2 per cent.
Expansion in Electric Mobility and Rail Components
The company has increased its stake in Jupiter Electric Mobility to 75 per cent and acquired Log9 Technology for proprietary battery solutions. It has also launched Battery-as-a-Service for TEZ vehicles and collaborated with Porter to accelerate EV adoption. Additionally, Jupiter Wagons has successfully commercialized its Tatravagonka Railwheel Factory and delivered 13,000 brake discs and 10,000 axle boxes to Indian Railways.
Growth Outlook and Sector Trends
With the upcoming Union Budget expected to allocate over Rs 3 lakh crore towards infrastructure, Jupiter Wagons is poised to benefit from increased railway modernization and wagon procurement. The company projects Rs 5,000 crore revenue for FY26, with a long-term target of Rs 8,000-10,000 crore by FY28, driven by both wagon and non-wagon segments.
Stock Valuation and Market Performance
Jupiter Wagons has a market capitalization of Rs 13,824 crore, trading at a P/E ratio of 36.3, in line with the industry average of 36. The company boasts a return on capital employed (ROCE) of 31.7 per cent and a return on equity (ROE) of 27.4 per cent. With a low debt-to-equity ratio of 0.16 and a PEG ratio of 0.45, the stock has delivered an 83.9 per cent profit growth over the last three years.
Disclaimer: This article is for informational purposes only and not an investment advice.