Titagarh Wagons Ltd.
Snapshot View

79.50 -1.60 ▼-2.0%

30 July 2021, 04:00:00 P.M.
Volume: 195,039

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Railways Wagons Compare with Industry peers
Website https://titagarh.in/
Financial Indicators
Market Cap 949.13 Cr.
Earnings per share (EPS) -1.26 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 70.41 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.13 Calculated using Price: 79.50
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 11.94 Cr. 119,387,589 Shares
FaceValue 2
Company Profile

Titagarh Wagons, incorporated in 1997, is primarily engaged in the manufacturing of railway wagons. It is one of the leading private sector wagon manufacturers in India. The company has received certifications for its quality management such as ISO 9001: 2000 and BS EN ISO 9001:2000. The rating agency CRISIL has upgraded the rating of TWL from 'A 1' to 'A 1+' i.e. 'Positive'.

Currently, the company is engaged in manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration. The company also manufactures products for the Indian defence establishment, such as special wagons, shelters and other engineering equipments.

In its initial year, the company started the development of the prototype of BOXN Wagon. Immediately next year the company was awarded an order from Indian Railway to manufacture BOXN and BCNA type wagons. In 2000 there was addition of new type of wagon i.e. BOBYN.

In the year 2001, Titagarh Wagons started its Bailey bridge division. The company started manufacturing of BOBRN type wagon. In 2002 the company despatched its first set of components of Bailey bridges.

Products

Wagon- The company manufactures range of wagons such as hopper wagon, covered wagon, open top wagon, container flat wagon, tank wagon, flat wagon and special purpose wagon.

Heavy Earth Moving and Mining Equipment- Under this the company manufactures hydraulic excavator and crawler mounted crane.

Foundry- Under this company manufactures bogies and couplers.

Rail Coach- Titagarh Wagons manufactures rail coaches for metro systems. It is planning to develop coaches for metro systems setting up at Mumbai, Hyderabad and Bangalore.

The company is also engaged in undertaking special projects such as developing Bailey bridges, other modular steel bridges and equipments for nuclear power and defence sector.

Milestones

  • 1997 -  Year of Incorporation : Development of the Proto Type of BOXN Wagon
  • 1998 -  1st Order from the Indian Railways [For BOXN & BCNA Type Wagons
  • 2000 -  ISO:9002 Certification from Lloyds UK
  • 2000 -  Addition of new type of wagon (BOBYN) in the order book
  • 2001 -  Bailey Bridge Division : Only Pvt. Sector Unit Registered with the Ministry of Defence, Government of India.
  • 2001 -  Commencement of Manufacturing BOBRN Type Wagon
  • 2002 -  Recognition from the Minstry of Defence, Government of India as an ‘Industry Partner’ for wagons and Bridges
  • 2002 -  First order for manufacture and supply of Bailey Bridge
  • 2002 -  Upgradation of Quality Certification to ISO: 9001-1994 from Lloyd’s Register Quality Assurance, United Kingdom
  • 2002 -  Despatch of the first set of components for Bailey Bridge
  • 2003 -  Commencement of two new types of wagons BOST and BFNS in the order book
  • 2003 -  First order received for supply of Container Flat wagons from CONCOR
  • 2003 -  First order for supply of Special Purpose Wagons for the Ministry of Defence
  • 2003 -  Upgradation of Quality Certification to ISO: 9001-2000 from Lloyd’s Register Quality Assurance, United Kingdom
  • 2003 -  Recognition of In-House R&D unit by the by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. Of India
  • 2003 -  Registered Supplier for United Nations Procurement Division for the manufacture and supply of fabricated engineering items
  • 2004 -  Received registration from the Ministry Of Defence, Government Of India to be a licensed manufacture of Integrated Field Shelter (NBC Shelter)
  • 2004 -  1st Export Order from Africa
  • 2005 -  Order for the MGR Type Wagon from NTPC
  • 2005 -  Commencement of Manufacturing BRNAHS Type Wagon
  • 2005 -  1st Private Sector Order of BOXN-HS wagon under OYWS
  • 2005 -  Execution of BTA with Hyderabad Industries Limited for Acquisition of Heavy Engineering Division
  • 2005 -  Investment in Equity Share of the Company by Strategic Venture (Mauritius) Limited
  • 2006 -  Investment in Equity Share of the company by 2i Capital PCC
  • 2006 -  Investment in Equity Share of the company by Goya Limited
  • 2006 -  Received Quality Certification from ISO: 9001-2000 from Indian Register Quality System (Indian Register of Shipping) for the Heavy Engineering Division
  • 2006 -  Roll out first ever wagon manufacture under WIS
  • 2006 -  First order from Private Sector for supply of Food Grain Wagon
  • 2006 -  First order under Privatisation of Container Freight Traffic for Supply Container Flat Wagon
  • 2006 -  Addition of new type of wagon (BOXN-LW) in the order book
  • 2006 -  First order for supply of tank wagons (BTPN)
  • 2006 -  Entered into a memorandum of understanding with M/s Kawada, Inc, Japan, for development of double lane modular bridges, called Kawada System Truss Bridges
  • 2007-  Entered into a Share Subscription Agreement with GE. Received first order for EMU Coaches from Indian Railway Entered into an agreement for revival of Cimmco 
  • 2008-  Initial Public Offering of shares. Listing at BSE and NSE, Joint venture for Air Brake Systems & Slack AdjustersSet up a wholly owned subsidiary in Singapore
  • 2009-  Delivered 1st rake of EMUs to Indian Railways , Titagarh Biotec P Ltd. (wholly owned subsidiary) and Titagarh Steels Limited were merged with the Company 
  • 2010-  Set up a subsidiary (Titagarh Wagons AFR (TWA)) in France and acquired assets and business of a Wagon/Rolling Stock manufacturing unit in France with capacity to manufacture 5000 wagons.  TWA has strong design, research & development competencies
  • 2012- Titagarh Marine Ltd (TML) has become a subsidiary of Titagarh Wagons Ltd.
  • 2013 -
    • Titagarh-FreightCar Joint Venture Company to be Wound Up
    • Titagarh Wagons Ltd has informed that the Company has acquired 100% stake in Titagarh Marine Limited (TML) and accordingly TML has become a wholly owned subsidiary of the Company with effect from March 25, 2013.
    • Titagarh Wagons Ltd 100% stake in Titagarh FreightCar Private Limited
    2014
    • Titagarh Wagons Ltd has informed that the Companys Registered Office has been shifted from Premlata, 4th floor, 39 Shakespeare Sarani, Kolkata - 700017 to Flat 1B, Aster Court, 3 Loudon Street, Kolkata - 700017 with effect from January 15, 2014.
    • Titagarh Wagons Ltd 99.23% stake in Cimco Equity Holdings Private Limited (CEHPL)
    • Titagarh Wagons gains on winning contract
    2015
    • Titagarh Wagons receives industrial license from GoI
    • Titagarh Wagons has completed the acquisition of Railway Rolling Stock Manufacturing business of Firema Transporti, S.p.a. Italy
    • Titagarh Wagons acquires business of Firema Transporti
    2016
    • Titagarh's subsidiary in Italy acquires a new order of about Euro 65 Million for Double Deck Trains
    • The Company has changed the place of its Registered office from ''1B Aster Court, 3 Loudon Street Koikata-700017'' to ''756 Anandapur, E.M Bypass Kolkata-700107
    • The company won an order for construction of two fuel barges for the Indian Navy in its recently added ''Ship-building'' vertical

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.97%
1 Week
+8.16%
1 Month
+13.73%
3 Month
+68.97%
6 Month
+42.47%
1 Year
+100.50%
2 Year
+119.92%
5 Year
-21.83%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 15.33 3.68 -1.72 -1.66 -2.55 2.87 -16.16 -2.70 -4.57
Return on Capital Employed (%) 20.16 7.81 0.94 1.96 0.47 6.42 -8.72 0.81 1.98
Return on Assets (%) 8.47 2.11 -0.97 -0.92 -1.05 1.02 -5.25 -0.78 -1.36

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 664 676 663 689 953 968 855 816 767
Non Curr. Liab. 51 41 30 48 385 262 315 634 869
Curr. Liab. 303 339 365 284 1,261 1,387 1,673 1,325 726
Minority Int. 29 25 21 36 79 79 64 73 79
Equity & Liab. 1,047 1,082 1,080 1,058 2,678 2,695 2,906 2,848 2,440
Non Curr. Assets 311 369 399 512 1,062 1,083 1,197 1,167 1,196
Curr. Assets 735 713 681 546 1,616 1,612 1,708 1,681 1,245
Misc. Exp. not W/O
Total Assets 1,047 1,082 1,080 1,058 2,678 2,695 2,906 2,848 2,440

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 891 782 624 761 959 1,714 1,268 1,711 1,766
Other Income 28 34 33 43 43 78 45 66 54
Total Income 919 816 657 804 1,002 1,792 1,313 1,777 1,821
Total Expenditure -755 -743 -621 -736 -931 -1,655 -1,380 -1,690 -1,760
PBIDT 163 73 37 68 71 137 -67 87 61
Interest -16 -22 -14 -18 -17 -31 -44 -68 -88
Depreciation -11 -15 -18 -26 -46 -52 -51 -36 -29
Taxation -40 -14 -4 -6 -7 -22 20 33 21
Exceptional Items -12 -11 -28 -21 -5 -5 -38
PAT 84 22 -11 -10 -20 27 -147 -22 -36

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 109 -40 68 102 -154 -177 -121 -124 154
Cash Fr. Inv. -71 42 -35 -31 -54 68 -26 -48 -10
Cash Fr. Finan. 18 -55 -17 -69 216 111 191 214 -227
Net Change 56 -52 17 2 7 3 44 41 -83
Cash & Cash Eqvt 71 18 36 45 56 34 58 99 29

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 45.71 45.71 45.70 45.70 45.70 45.70 44.29 44.27 45.22
Public 54.29 54.29 54.30 54.30 54.30 54.30 55.71 55.73 54.78
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 24 Jul 2021
Board Meeting Intimation for Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2021
TITAGARH WAGONS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2021 inter alia to consider and approve Unaudited Financial Results (standalone & consolidated) for the quarter ended 30th June 2021
Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Credit Rating
Madam/Sir

Sub: Credit Rating Revision

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that CRISIL Ratings has upgraded its ratings on the Bank facilities of Titagarh Wagons Limited (TWL) to CRISIL A-/Stable/CRISIL A2+ from CRISIL BBB/Positive/CRISIL A3+. The instrument-wise rating actions are as attached in the letter.

Please take the above on record.
Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
Titagarh Wagons Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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