TITAGARH RAIL SYSTEMS LTD (TITAGARH) financials

TITAGARH RAIL SYSTEMS LTD (TITAGARH) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited), incorporated in 1997, is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets.[1]

Market Cap: ₹10,249Cr.
Current Price: ₹761
Stock P/E: 45.0
ROE: 7.86%
ROCE: 12.1%
Book Value: ₹184
Dividend Yield: 0.13%
52W High / Low: ₹971/569

In Jun 2026, TITAGARH RAIL SYSTEMS LTD (TITAGARH) reported sales ₹735 Cr and net profit ₹52 Cr.

Annual TTM: sales ₹3,205 Cr, net profit ₹214 Cr.

Shareholding: Promoters 40.46% (Sep 2026), FIIs 11.39% (Sep 2026), DIIs 15.95% (Sep 2026), Government 0.01% (Sep 2026), Public 32.21% (Sep 2026).

TITAGARH quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,049	902	998	674	788	823	859	735
Expenses	914	802	883	597	700	724	755	641
Operating Profit	134	100	116	77	89	99	104	94
OPM %	13%	11%	12%	11%	11%	12%	12%	13%
Other Income	6	22	-249	10	10	-7	18	6
Interest	17	21	22	18	18	17	17	15
Depreciation	7	6	8	12	12	12	14	15
Profit before tax	115	95	-163	57	68	63	90	70
Tax %	26%	28%	-9%	25%	31%	26%	25%	26%
Net Profit	85	69	-148	43	47	47	68	52
EPS in Rs	6.32	5.12	-10.99	3.17	3.51	3.46	5.05	3.86
Raw PDF	—	—	—	—	—	—	—	—

TITAGARH profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,484	1,026	1,496	2,781	3,853	3,747	3,144	3,205
Expenses	1,355	906	1,327	2,516	3,401	3,296	2,775	2,819
Operating Profit	129	119	168	264	452	452	369	386
OPM %	9%	12%	11%	10%	12%	12%	12%	12%
Other Income	-144	16	-30	-2	46	-209	-24	27
Interest	65	55	57	81	73	73	70	68
Depreciation	18	16	18	22	27	29	50	53
Profit before tax	-98	64	63	159	397	141	224	292
Tax %	-19%	22%	47%	35%	25%	45%	33%	—
Net Profit	-80	50	33	103	297	77	151	214
EPS in Rs	-6.91	4.21	2.80	8.65	22.05	5.72	11.19	15.88
Dividend Payout %	0%	0%	0%	6%	4%	17%	9%	—

TITAGARH balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	24	24	24	27	27	27
Reserves	873	793	848	846	939	2,201	2,266	2,456
Borrowings	299	212	104	198	353	166	627	612
Other Liabilities	448	409	442	617	710	832	789	949
Total Liabilities	1,643	1,437	1,418	1,685	2,026	3,226	3,709	4,044
Fixed Assets	590	586	575	678	732	748	979	1,228
CWIP	19	0	16	0	12	175	123	192
Investments	158	104	133	60	45	213	230	422
Other Assets	877	747	693	947	1,238	2,090	2,376	2,202
Total Assets	1,643	1,437	1,418	1,685	2,026	3,226	3,709	4,044

TITAGARH cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-94	296	226	35	62	93	-101	311
Cash from Investing Activity	22	-143	-39	-59	-77	-531	-581	-126
Cash from Financing Activity	70	-145	-147	-22	50	724	373	-51
Net Cash Flow	-1	8	40	-46	34	286	-310	134
Free Cash Flow	-122	298	206	-37	25	-71	-331	-56
CFO/OP	-149%	236%	188%	27%	48%	43%	-1%	103%

TITAGARH shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%
FIIs	13.67%	11.63%	9.49%	9.56%	10.66%	10.67%	10.87%	11.39%
DIIs	15.01%	13.40%	11.67%	12.77%	12.60%	12.46%	15.38%	15.95%
Government	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	30.86%	34.49%	38.35%	37.19%	36.28%	36.42%	33.28%	32.21%
No. of Shareholders	5,15,638	5,87,422	6,17,505	5,91,488	5,71,503	5,59,860	5,24,155	5,03,947

TITAGARH key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	64	39	46	48	37	50	65	72
Inventory Days	152	70	99	106	78	64	64	90
Days Payable	162	72	67	78	55	39	29	51
Cash Conversion Cycle	54	37	79	77	60	75	100	111
Working Capital Days	62	72	89	28	20	61	35	67
ROCE %	7%	11%	11%	16%	24%	25%	19%	12%

TITAGARHUpdated 15 Oct 2026, 6:12

Titagarh Rail Systems Ltd

TITAGARHUpdated 15 Oct 2026, 6:12

Market Cap

₹10,249Cr.

Current Price

₹761

High / Low

₹971/569

Stock P/E

45.0

ROE7.86%

ROCE12.1%

Book Value₹184

Face Value₹2.00

Dividend Yield0.13%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	911	19	805	10	7	90	25	68	5.65
Sep 2023	935	20	820	7	7	95	25	71	5.57
Dec 2023	955	18	844	14	7	100	25	75	5.57
Mar 2024	1052	16	932	15	7	112	26	83	6.19
Jun 2024	903	13	801	12	7	94	25	71	5.3
Sep 2024	1049	17	914	6	7	115	26	85	6.32
Dec 2024	902	21	802	22	6	95	28	69	5.12
Mar 2025	998	22	883	-249	8	-163	-9	-148	-10.99
Jun 2025	674	18	597	10	12	57	25	43	3.17
Sep 2025	788	18	700	10	12	68	31	47	3.51
Dec 2025	823	17	724	-7	12	63	26	47	3.46
Mar 2026	859	17	755	18	14	90	25	68	5.05
Jun 2026	735	15	641	6	15	70	26	52	3.86

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	376	6	346	1	9	15	34	10	0.98
Mar 2016	311	5	315	7	12	-14	-35	-9	-0.78
Mar 2017	349	4	331	24	12	26	27	19	1.67
Mar 2018	314	9	316	23	13	-1	-468	3	0.25
Mar 2019	1060	39	999	-93	16	-87	-36	-55	-4.79
Mar 2020	1484	65	1355	-144	18	-98	-19	-80	-6.91
Mar 2021	1026	55	906	16	16	64	22	50	4.21
Mar 2022	1496	57	1327	-30	18	63	47	33	2.8
Mar 2023	2781	81	2516	-2	22	159	35	103	8.65
Mar 2024	3853	73	3401	46	27	397	25	297	22.05
Mar 2025	3747	73	3296	-209	29	141	45	77	5.72
Mar 2026	3144	70	2775	-24	50	224	33	151	11.19
TTM	3205	68	2819	27	53	292	—	214	15.88

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	40.46%
FIIs	11.39%
DIIs	15.95%
Government	0.01%
Public	32.21%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	42.47%	20.04%	12.27%	0.01%	25.22%
Mar 2024	42.46%	17.27%	13.72%	0.01%	26.53%
Jun 2024	40.46%	19.56%	14.13%	0.01%	25.83%
Sep 2024	40.46%	16.32%	13.94%	0.01%	29.25%
Dec 2024	40.46%	13.67%	15.01%	0.01%	30.86%
Mar 2025	40.46%	11.63%	13.4%	0.01%	34.49%
Jun 2025	40.46%	9.49%	11.67%	0.01%	38.35%
Sep 2025	40.46%	9.56%	12.77%	0.01%	37.19%
Dec 2025	40.46%	10.66%	12.6%	0.01%	36.28%
Mar 2026	40.46%	10.67%	12.46%	0.01%	36.42%
Jun 2026	40.46%	10.87%	15.38%	0.01%	33.28%
Sep 2026	40.46%	11.39%	15.95%	0.01%	32.21%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	20	610	15	117	762	113	2	216	430	762
Mar 2016	23	852	13	121	1009	299	2	233	475	1009
Mar 2017	23	872	43	140	1078	307	5	363	403	1078
Mar 2018	23	867	99	194	1183	302	16	384	481	1183
Mar 2019	23	873	299	448	1643	590	19	158	877	1643
Mar 2020	23	793	212	409	1437	586	0	104	747	1437
Mar 2021	24	848	104	442	1418	575	16	133	693	1418
Mar 2022	24	846	198	617	1685	678	0	60	947	1685
Mar 2023	24	939	353	710	2026	732	12	45	1238	2026
Mar 2024	27	2201	166	832	3226	748	175	213	2090	3226
Mar 2025	27	2266	627	789	3709	979	123	230	2376	3709
Mar 2026	27	2456	612	949	4044	1228	192	422	2202	4044

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	91	-45	-63	-18
Mar 2016	-44	-75	115	-4
Mar 2017	-28	3	28	3
Mar 2018	28	-67	37	-2
Mar 2019	-94	22	70	-1
Mar 2020	296	-143	-145	8
Mar 2021	226	-39	-147	40
Mar 2022	35	-59	-22	-46
Mar 2023	62	-77	50	34
Mar 2024	93	-531	724	286
Mar 2025	-101	-581	373	-310
Mar 2026	311	-126	-51	134

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	73	84	115	122	64	39	46	48	37	50	65	72
Inventory Days	222	258	278	272	152	70	99	106	78	64	64	90
Days Payable	65	67	68	76	162	72	67	78	55	39	29	51
Cash Conversion Cycle	230	274	325	318	54	37	79	77	60	75	100	111
Working Capital Days	157	223	214	212	62	72	89	28	20	61	35	67
ROCE %	6%	1%	3%	0%	7%	11%	11%	16%	24%	25%	19%	12%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of TITAGARH RAIL SYSTEMS LTD (TITAGARH)?

The reported market capitalisation for TITAGARH RAIL SYSTEMS LTD (TITAGARH) is ₹10,249Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of TITAGARH?

The current price shown for TITAGARH RAIL SYSTEMS LTD (TITAGARH) on Fincrux is ₹761 with a 52-week high/low of ₹971/569.

What is the P/E ratio of TITAGARH RAIL SYSTEMS LTD (TITAGARH)?

The stock P/E for TITAGARH RAIL SYSTEMS LTD (TITAGARH) is 45.0 on Fincrux, with ROE at 7.86% and ROCE at 12.1%.

What were TITAGARH latest quarterly results?

For Jun 2026, TITAGARH RAIL SYSTEMS LTD (TITAGARH) reported sales ₹735 Cr and net profit ₹52 Cr (figures in ₹ crore unless noted).

What are TITAGARH annual sales and net profit?

For TTM, TITAGARH RAIL SYSTEMS LTD (TITAGARH) shows sales of ₹3,205 Cr and net profit of ₹214 Cr on the Fincrux profit & loss statement.

Who owns TITAGARH RAIL SYSTEMS LTD (TITAGARH)?

Latest shareholding for TITAGARH RAIL SYSTEMS LTD (TITAGARH) on Fincrux: Promoters 40.46% (Sep 2026), FIIs 11.39% (Sep 2026), DIIs 15.95% (Sep 2026), Government 0.01% (Sep 2026), Public 32.21% (Sep 2026).

Where can I find TITAGARH RAIL SYSTEMS LTD (TITAGARH) financials?

TITAGARH RAIL SYSTEMS LTD (TITAGARH) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show TITAGARH balance sheet and cash flow?

Yes. The TITAGARH RAIL SYSTEMS LTD (TITAGARH) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 15 October 2026 at 6:12