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NSE:JWL

JUPITER WAGONS LIMITED

Capital Goods › Industrial Manufacturing·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹184.00
at close · 28 Oct 2026
▲ 7.30 (+4.13%)
ThemesRailways· coreBatteries & Energy Storage· growingDefence· growingElectric Vehicles· growingDrones & UAVs· announced

Latest filings

  1. JWL and PESA to explore passenger train manufacturing in India · Compliance
  2. Jupiter Wagons signs non-binding agreement with Poland's PESA · Strategic Transactions
  3. Compliance certificate for dematerialization of shares for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures railway wagons and metal-fabricated components for commercial vehicles and rail freight, posting FY26 consolidated revenue of ₹2,915.7 crore. Operations span wagon assembly, a wheelset subsidiary JTRF with over ₹500 crore revenue at 16% EBITDA margins, brake systems through Stone India now RDSO-approved for freight brake systems, and a battery/BESS vertical via Jupiter Electric Mobility. FY26 performance was hit by wheelset supply shortages in the first half and LPG-related disruptions in Q4 from geopolitical tensions, driving consolidated profit after tax down 56% to ₹166 crore. Raw materials dominate the cost structure at 75.7% of revenue, with employees, other operating expenses and depreciation accounting for the rest. Forward plans include a long-term Tatravagonka supply agreement for wheelsets and entry into passenger mobility.

Operating scale
Order book entering FY27
₹4,675 croreFY27
Recent order wins (Jun 2026)
₹264.32 crore — 5 BFNSM1 rakes with BVCM wagons plus 2 BFNV wagons for JSW South Rail Logistics (₹122.88 crore, 7-month delivery) and 8 BLSS rakes for Central Warehousing Corporation (₹141.44 crore, 12-month delivery)Jun 2026
Wheelset subsidiary JTRF revenue
Over ₹500 croreFY26
Tatravagonka wheelset supply agreement
20,000-30,000 wheelsets annuallyFY26
BESS orderbook (Jupiter Electric Mobility / JEM Energy)
110 MWhFY26
BESS vertical revenue target
₹1,000 crore within 3-4 yearsForward
Who pays it
Railway freight operators across both public and private sectors, including Central Warehousing Corporation and JSW South Rail Logistics.
Biggest cost
Raw materials at 75.7% of revenue
Kind of business
Cyclical, asset-heavy industrial manufacturing in railway wagons and metal fabrication
Where it sits
Operates as a single-segment metal fabricator for commercial vehicles and rail freight wagons per its audited results; vertical integration spans wagon assembly, wheelsets, brake systems and battery storage
Market Cap
₹7,864 Cr
P / E (TTM)
48.9×
EV / EBITDA
22.1×
Div Yield
0.54%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
20.0%▲
ROCE (5y median)
ROE 13.7% (5y median) · margin 13.4%
Leverage
0.31·
Debt / Equity · low
Net debt ₹721 Cr
Revenue FY22→FY26
2.5×▲
Margin +2.1 pts
₹1,178 Cr → ₹2,916 Cr
Cash conversion
0.22×▼
Operating cash ÷ profit · 5 yrs
₹232 Cr on ₹1,065 Cr
Moves on a normal day
1.19%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 154 Industrial Manufacturing peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#96/139
P/B#57/120
ROCE#103/151
ROE#84/121
Debt / Equity#81/121
EBITDA margin#69/117
Revenue growth#27/122
Profit growth#77/117

Scorecard

Measured from the filed financials, judged against its Industrial Manufacturing peers · as of FY26 — not investment advice

Strengths
Returns on capital 20.0% (5-year median)
#103 of 151 in Industrial Manufacturing on the latest reported figures · down from 13.2% in FY22
Pays out 23% of profit as dividend
Concerns
Over 5 years it reported ₹1,065 Cr of profit and ₹232 Cr of operating cash — 0.22×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 180 days of cash tied up
Customers are taking longer to pay — 22 → 95 days of receivables
FY22 → FY26

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from JUPITER WAGONS LIMITED's filed financials and exchange disclosures

What does JUPITER WAGONS LIMITED do?

JUPITER WAGONS LIMITED is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol JWL.

Is JUPITER WAGONS LIMITED profitable?

Yes. Over the trailing twelve months JUPITER WAGONS LIMITED reported a net profit of ₹161 Cr on revenue of ₹3,127 Cr.

Does JUPITER WAGONS LIMITED pay a dividend?

Yes. The dividend yield is 0.54% at the current price. It paid out 23% of its profit as dividend in FY26.

Is JUPITER WAGONS LIMITED debt-free?

No. It reported borrowings of ₹938 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹721 Cr after cash. Debt stands at 0.31× equity. That is higher than 67% of its 121 Industrial Manufacturing peers.

Is JUPITER WAGONS LIMITED expensive compared with its peers?

On trailing P/E, JUPITER WAGONS LIMITED ranks 96 of 139 in Industrial Manufacturing — cheaper than 31% of them, against an industry median of 26.5×. This is a position, not a valuation judgement.

How much does the JUPITER WAGONS LIMITED share price move in a day?

On a typical session JUPITER WAGONS LIMITED moves 1.19% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track JUPITER WAGONS LIMITED's announcements?

Every NSE and BSE filing by JUPITER WAGONS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.