What the business is, and whether it's a good one at a fair price.
Designs and manufactures railway rolling stock in India, split between freight wagons and passenger coaches. The Freight Rail Systems segment contributed 82.8% of FY26 segment revenue at Rs. 2,604.25 crore with a 12.2% segment EBIT margin, while Passenger Rail Systems made up the remaining 17.2% at Rs. 539.33 crore with a higher 14.3% segment EBIT margin. The company's wholly-owned subsidiary Titagarh Naval Systems Ltd (TNSL) carries out naval and shipbuilding work, including the launch of the fifth and final Diving Support Craft (YARD 329) for the Indian Navy in August 2026 as part of a 5-vessel series built with about 70% indigenous content, and operates a 50-acre shipyard under construction at Falta, West Bengal. Raw materials form the dominant input cost at 73.7% of revenue, followed by other operating expenses at 12.8%. Standalone FY26 revenue was Rs. 3,143.58 crore, down 16% YoY, and the company fully exited its European operations by writing off its Italian associate Titagarh Firema SpA. The Shipbuilding & Maritime Systems business was transferred to TNSL for Rs. 114.88 crore as a going concern during the year.
Measured from the filed financials, judged against its Industrial Manufacturing peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from TITAGARH RAIL SYSTEMS LTD's filed financials and exchange disclosures
TITAGARH RAIL SYSTEMS LTD is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol TITAGARH.
Yes. Over the trailing twelve months TITAGARH RAIL SYSTEMS LTD reported a net profit of ₹191 Cr on revenue of ₹3,272 Cr.
Yes. The dividend yield is 0.43% at the current price. It paid out 40% of its profit as dividend in FY26.
No. Debt stands at 0.21× equity, and it carries net debt of ₹360 Cr. That is lower than 39% of its 125 Industrial Manufacturing peers.
On trailing P/E, TITAGARH RAIL SYSTEMS LTD ranks 111 of 147 in Industrial Manufacturing — cheaper than 25% of them, against an industry median of 26.9×. This is a position, not a valuation judgement.
On a typical session TITAGARH RAIL SYSTEMS LTD moves 1.33% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by TITAGARH RAIL SYSTEMS LTD 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.