Titagarh Rail Systems share price
NSE: TITAGARHBSE: 532966Industrial ManufacturingSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹694.30.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹8,934 Cr545th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 Jul 2026
- 3.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.15%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 10.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 14 Jul 2026
- 0.21
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 11,39,44042.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 12 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹765 Crdown 12.61%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹53 Crdown 1.72%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 6.9%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty. From the year to Mar 2020, the company reports a discontinued business.
| ₹ crore | Sep 2024Filed 28 Oct | Dec 2024Filed 14 Feb | Mar 2025Filed 13 Jun | Jun 2025Filed 11 Aug | Sep 2025Filed 13 Nov | Dec 2025Filed 13 Feb | Mar 2026Filed 14 Jul | Jun 2026Filed 12 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,057 | 902 | 1,006 | 679 | 799 | 832 | 875 | 765 |
| Net profit | 81 | 63 | 64 | 31 | 37 | 48 | 54 | 53 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 7.6% | 7.0% | 6.4% | 4.6% | 4.6% | 5.8% | 6.1% | 6.9% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Freight Rail SystemsFreight Rail Systems, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,604 Crdown 27.87%81.7%
- Passenger Rail SystemPassenger Rail System, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹539 Crup 109.46%16.9%
- ShipbuildingShipbuilding, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹42 Cr1.3%
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement. Its history crosses a change of basis in the accounts in the years to Mar 2018 and Mar 2020: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 36% of 1,063 trading days over the last 5 years.
At or below today's level on 47% of 1,063 trading days over the last 5 years.
At or below today's level on 64% of 2,418 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −27.6% | −55.3% | +61.6% | 0.2% |
| 3 years | +30.0% | −5.7% | +37.8% | 0.1% |
| 5 years | +66.9% | – | – | 0.1% |
Mutual funds holding it
88 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 47 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 25
- CutCut. Funds that held fewer shares than at the end of the month before.
- 32
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 31
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 HDFC Balanced Advantage FundHDFC Mutual Fund | 42,00,000 | 0.34% | ₹343.6 Cr |
 HSBC Small Cap FundHSBC Mutual Fund | 16,30,400 | 0.72% | ₹133.4 Cr |
 Mirae Asset Large Cap FundMirae Asset Mutual Fund | 13,16,745 | 0.30% | ₹107.7 Cr |
 Axis Small Cap FundAxis Mutual Fund | 9,49,120 | 0.25% | ₹77.7 Cr |
 Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund | 8,14,965 | 1.02% | ₹66.7 Cr |
| HSBC Large & Mid Cap FundHSBC Mutual Fund | 5,97,961 | 0.85% | ₹48.9 Cr |
| HSBC Multi Asset Allocation FundHSBC Mutual Fund | 5,91,682 | 1.54% | ₹48.4 Cr |
| HDFC Large & Mid Cap FundHDFC Mutual Fund | 5,74,942 | 0.16% | ₹47.0 Cr |
 Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 5,51,112 | 0.84% | ₹45.1 Cr |
| HSBC Infrastructure FundHSBC Mutual Fund | 4,58,200 | 1.58% | ₹37.5 Cr |
Peers and competitors
Industrial Manufacturing, 201 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Titagarh Rail Systems in market cap.
Titagarh Rail Systems is not on the chart: it has no P/E or return on equity today
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Swan Defence and Heavy IndustriesSWANDEF | 14,287 | 40.9 | 6.3 | – | +641.7% | – | 27.9% | −11.0% | 0.00% |
 LLOYDS ENGINEERING WORKSLLOYDSENGG | 13,123 | – | 7.9 | 55.8 | – | – | – | 11.8% | 0.30% |
 Tega IndustriesTEGA | 12,948 | 612.8 | 3.8 | 48.2 | +84.9% | −89.4% | 0.9% | 2.3% | 0.12% |
| Bonfiglioli TransmissionsBONFIG | 10,800 | – | – | – | – | – | – | – | 0.00% |
 Dynamatic TechnologiesDYNAMATECH | 8,351 | 196.8 | 10.5 | 44.1 | +17.3% | 0.0% | 5.6% | 9.2% | 0.11% |
 Kennametal IndiaKENNAMET | 8,036 | 41.0 | 9.4 | 26.3 | +29.1% | +90.5% | 24.5% | 30.0% | 1.09% |
 Omnitech EngineeringOMNI | 7,860 | – | 11.6 | – | – | – | – | – | 0.00% |
 Jupiter WagonsJWL | 7,410 | – | 2.5 | 21.5 | −11.7% | – | – | 7.6% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 23 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 8 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 20 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.80 |
| 22 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.50 |
| 11 Sep 2019 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.30 |
| 19 Sep 2018 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.30 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
15 Sep · Arrangements for strategic, technical, manufacturing, or marketing tie up
Titagarh Rail Systems share price by year
Each calendar year to 2025.Titagarh Rail Systems share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 891.95 | −19.3% | 1,120.85 | 675.15 |
| 2024 | 1,104.80 | +5.9% | 1,859.85 | 823.85 |
| 2023 | 1,043.50 | +366.7% | 1,065.80 | 196.70 |
| 2022 | 223.60 | +140.8% | 223.60 | 77.05 |
| 2021 | 92.85 | +59.5% | 108.25 | 44.55 |
| 2020 | 58.20 | +18.5% | 59.85 | 21.65 |
| 2019 | 49.10 | −39.7% | 81.95 | 32.55 |
| 2018 | 81.45 | −51.1% | 177.45 | 62.45 |
| 2017 | 166.50 | +35.1% | 184.65 | 99.45 |
| 2016 | 123.25 | −24.6% | 164.25 | 84.35 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 693.40 | 705.60 | 660.00 | 663.35 | 677.01 | 11,39,440 | 42.6% |
| 22 Oct 2026 | 710.50 | 711.00 | 687.50 | 694.30 | 697.05 | 6,40,030 | 44.5% |
| 21 Oct 2026 | 745.00 | 745.10 | 705.30 | 709.55 | 718.90 | 3,50,414 | 40.0% |
| 19 Oct 2026 | 749.15 | 755.85 | 739.00 | 740.85 | 746.41 | 1,46,388 | 38.3% |
| 16 Oct 2026 | 747.00 | 760.60 | 735.65 | 749.15 | 744.94 | 5,00,053 | 35.5% |
| 15 Oct 2026 | 761.05 | 762.60 | 743.10 | 748.50 | 752.50 | 2,64,325 | 36.2% |
| 14 Oct 2026 | 764.75 | 769.80 | 757.50 | 761.05 | 762.30 | 2,66,145 | 28.8% |
| 13 Oct 2026 | 770.00 | 771.85 | 752.80 | 761.85 | 760.80 | 3,16,522 | 33.9% |
| 12 Oct 2026 | 777.20 | 789.70 | 761.05 | 763.75 | 774.97 | 2,72,594 | 32.5% |
| 9 Oct 2026 | 779.90 | 789.00 | 770.20 | 777.20 | 778.94 | 1,96,581 | 28.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 23 Apr 2015 | Split | 0.2000 | Each share became 5. |
About Titagarh Rail Systems
Titagarh Rail Systems Limited makes rolling stock: wagons, metro coaches and electrical equipment for trains. Its customers include Indian Railways, metro corporations, defence buyers and private freight operators. Its registered office is in Kolkata. It was incorporated in 1997.
The business is reported in two continuing segments. Freight Rail Systems covers wagons, steel castings, bridges and defence. Passenger Rail Systems covers metro coaches, electric multiple units, train electricals and traction motors. Shipbuilding and maritime systems was moved to a wholly owned subsidiary, Titagarh Naval Systems Limited, with effect from 1 January 2026. That subsidiary runs a shipyard at Falta.
Passenger coaches are built at Uttarpara in West Bengal, and wagons at Bharatpur, with a foundry unit for steel castings. An engineering and technology centre operates in Bengaluru. Customers outside India include national railway operators and private clients in Bangladesh, Africa, Myanmar, Australia and Europe.
The company took in Cimmco Limited through a scheme of amalgamation sanctioned by the National Company Law Tribunal, Kolkata, in 2020. It holds 49 per cent of Ramkrishna Titagarh Rail Wheels Limited, a joint venture with Ramkrishna Forgings Limited for forged wheels. Its Italian associate, Titagarh Firema, is under liquidation. Its executive chairman is J. P. Chowdhary, and Smt. Rashmi Chowdhary, a non-executive director, belongs to the promoter group. A promoter is the person or group that set up a company or controls it.
- Legal name
- TITAGARH RAIL SYSTEMS LIMITED
- NSE symbol
- TITAGARH
- BSE code
- 532966
- ISIN
- INE615H01020
- Industry
- Industrial Manufacturing
- Listed
- Apr 2008
- Face value
- ₹2
- Former symbols
- TWL
- CIN
- L27320WB1997PLC084819
- Corporate identity number, the registrar of companies' code for it