Titagarh Rail Systems Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 4, 2025, 11:20 pm

Market Cap	12,144 Cr.
Current Price	902
High / Low	1,897/781
Stock P/E	39.9
Book Value	175
Dividend Yield	0.09 %
ROCE	25.0 %
ROE	18.1 %
Face Value	2.00
PEG Ratio	0.44

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Titagarh Rail Systems Ltd

Competitors of Titagarh Rail Systems Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Titagarh Rail Systems Ltd	12,144 Cr.	902	1,897/781	39.9	175	0.09 %	25.0 %	18.1 %	2.00
Industry Average	12,144.00 Cr	902.00		39.90	175.00	0.09%	25.00%	18.10%	2.00

All Competitor Stocks of Titagarh Rail Systems Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	342	379	422	432	607	766	974	911	935	955	1,052	903	1,057
Expenses	304	336	376	392	554	701	882	805	821	844	935	806	932
Operating Profit	38	43	46	40	53	65	92	106	115	111	118	97	125
OPM %	11%	11%	11%	9%	9%	9%	9%	12%	12%	12%	11%	11%	12%
Other Income	-8	-12	-44	-13	29	11	7	4	7	14	12	12	10
Interest	13	17	16	16	20	23	22	19	20	18	16	13	17
Depreciation	4	5	6	5	5	5	6	7	7	7	7	7	8
Profit before tax	13	9	-19	6	57	48	70	84	95	100	108	90	111
Tax %	57%	83%	33%	101%	21%	32%	31%	27%	25%	25%	27%	26%	27%
Net Profit	6	1	-25	-0	45	33	48	62	71	75	79	67	81
EPS in Rs	0.48	0.12	-2.09	0.10	4.03	2.72	4.03	5.17	5.55	5.56	5.86	4.98	5.99

Last Updated: January 4, 2025, 11:36 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: January 4, 2025, 11:36 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	782	624	761	959	1,714	1,268	1,559	1,766	1,521	1,468	2,780	3,853	3,967
Expenses	736	619	721	929	1,605	1,365	1,550	1,740	1,440	1,303	2,529	3,404	3,516
Operating Profit	46	5	40	30	108	-97	9	27	81	165	251	449	451
OPM %	6%	1%	5%	3%	6%	-8%	1%	2%	5%	11%	9%	12%	11%
Other Income	27	20	-0	20	24	25	25	34	25	-61	34	38	50
Interest	22	14	18	17	31	44	65	88	81	57	81	73	64
Depreciation	15	18	26	46	52	51	24	29	30	18	22	27	29
Profit before tax	36	-7	-4	-13	50	-167	-56	-57	-6	29	181	386	408
Tax %	38%	58%	177%	52%	45%	-12%	-59%	-36%	237%	102%	31%	26%
Net Profit	22	-10	-10	-20	27	-147	-23	-36	-19	-1	126	286	301
EPS in Rs	2.35	-0.89	-0.33	-1.69	2.33	-12.43	-2.47	-2.96	-1.26	-0.03	10.89	21.25	22.39
Dividend Payout %	34%	-90%	-48%	-47%	34%	-2%	-12%	0%	0%	0%	5%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-145.45%	0.00%	-100.00%	235.00%	-644.44%	84.35%	-56.52%	47.22%	94.74%	12700.00%	126.98%
Change in YoY Net Profit Growth (%)	0.00%	145.45%	-100.00%	335.00%	-879.44%	728.80%	-140.88%	103.74%	47.51%	12605.26%	-12573.02%

Titagarh Rail Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	20%
5 Years:	20%
3 Years:	36%
TTM:	11%

Compounded Profit Growth
10 Years:	51%
5 Years:	84%
3 Years:	181%
TTM:	43%

Stock Price CAGR
10 Years:	26%
5 Years:	82%
3 Years:	98%
1 Year:	-13%

Return on Equity
10 Years:	2%
5 Years:	7%
3 Years:	12%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:32 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	20	20	20	23	23	23	23	23	24	24	24	27	27
Reserves	656	642	669	930	944	832	793	743	817	818	940	2,191	2,327
Borrowings	128	128	125	233	372	624	896	730	847	920	353	166	498
Other Liabilities	278	289	246	1,493	1,356	1,210	975	775	775	903	710	832	709
Total Liabilities	1,082	1,080	1,060	2,678	2,695	2,689	2,687	2,272	2,462	2,664	2,027	3,216	3,561
Fixed Assets	272	323	416	977	933	958	935	872	871	966	732	748	975
CWIP	26	11	27	13	15	27	36	0	41	61	12	174	8
Investments	33	33	1	21	82	83	87	29	31	30	32	198	241
Other Assets	751	712	616	1,666	1,665	1,621	1,630	1,371	1,518	1,607	1,251	2,097	2,338
Total Assets	1,082	1,080	1,060	2,678	2,695	2,689	2,687	2,272	2,462	2,664	2,027	3,216	3,561

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-40	68	102	-154	-177	-121	-124	154	68	55	41	86
Cash from Investing Activity +	41	-34	-25	-50	44	-45	-49	4	-60	-73	-61	-537
Cash from Financing Activity +	-36	-17	-69	216	111	191	214	-227	43	-53	67	724
Net Cash Flow	-34	18	8	11	-22	25	40	-70	51	-71	46	274

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-82.00	-123.00	-85.00	-203.00	-264.00	-721.00	-887.00	-703.00	-766.00	-755.00	-102.00	283.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	86	81	54	87	50	79	81	52	136	58	37	50
Inventory Days	249	313	176	471	182	213	203	119	142	176	78	64
Days Payable	85	84	75	248	150	148	209	111	146	153	55	39
Cash Conversion Cycle	250	310	155	310	82	145	75	60	131	81	60	75
Working Capital Days	164	162	80	77	77	115	131	132	164	139	47	65
ROCE %	7%	2%	5%	2%	6%	-8%	1%	2%	5%	9%	18%	25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	47.00%	47.05%	47.26%	47.26%	47.82%	47.82%	47.82%	44.97%	42.47%	42.46%	40.46%	40.46%
FIIs	4.94%	4.85%	4.63%	4.82%	5.27%	6.07%	7.05%	16.85%	20.04%	17.27%	19.56%	16.32%
DIIs	8.53%	7.73%	7.37%	7.00%	6.78%	6.61%	9.68%	10.45%	12.27%	13.72%	14.13%	13.94%
Government	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	39.51%	40.36%	40.73%	40.91%	40.10%	39.48%	35.43%	27.73%	25.22%	26.53%	25.83%	29.25%
No. of Shareholders	1,11,739	1,09,773	1,08,839	1,04,831	1,04,900	1,07,845	1,41,561	1,91,910	2,24,205	2,92,395	3,62,203	4,61,442

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Balanced Advantage Fund - Regular Plan	6,151,556	0.87	672.27	510,566	2025-02-03	1104.85%
Canara Robeco Small Cap Fund	1,832,500	2.09	200.26	510,566	2025-02-03	258.92%
HDFC Large and Mid Cap Fund - Regular Plan	699,942	0.48	76.49	510,566	2025-02-03	37.09%
HSBC Small Cap Fund - Regular Plan	666,100	0.52	72.79	510,566	2025-02-03	30.46%
Canara Robeco ELSS Tax Saver Fund	631,930	0.97	69.06	510,566	2025-02-03	23.77%
Mahindra Manulife Multi Cap Fund	630,823	2.35	68.94	510,566	2025-02-03	23.55%
Bandhan Flexi Cap Fund	596,824	0.97	65.22	510,566	2025-02-03	16.89%
Franklin India Smaller Companies Fund	513,808	0.47	56.15	510,566	2025-02-03	0.63%
HSBC Aggressive Hybrid Fund	510,566	1.08	55.8	510,566	2025-02-03	0%
UTI Small Cap Fund	353,068	1.03	38.59	510,566	2025-02-03	-30.85%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	22.46	10.89	-0.03	-1.28	-2.96
Diluted EPS (Rs.)	22.46	10.89	-0.03	-1.28	-2.96
Cash EPS (Rs.)	23.45	13.46	2.73	0.92	-0.59
Book Value[Excl.RevalReserv]/Share (Rs.)	164.72	80.58	70.44	70.41	73.13
Book Value[Incl.RevalReserv]/Share (Rs.)	164.72	80.58	70.44	70.41	73.13
Revenue From Operations / Share (Rs.)	286.12	232.46	161.48	127.37	152.79
PBDIT / Share (Rs.)	36.51	25.60	14.11	8.84	13.40
PBIT / Share (Rs.)	34.50	23.72	11.33	6.33	10.88
PBT / Share (Rs.)	29.05	16.96	2.42	-0.46	3.25
Net Profit / Share (Rs.)	21.44	11.58	-0.05	-1.57	-3.12
NP After MI And SOA / Share (Rs.)	21.25	10.89	-0.02	-1.26	-2.96
PBDIT Margin (%)	12.76	11.01	8.74	6.93	8.77
PBIT Margin (%)	12.05	10.20	7.01	4.97	7.12
PBT Margin (%)	10.15	7.29	1.49	-0.36	2.12
Net Profit Margin (%)	7.49	4.98	-0.03	-1.23	-2.04
NP After MI And SOA Margin (%)	7.42	4.68	-0.01	-0.98	-1.93
Return on Networth / Equity (%)	12.89	13.51	-0.03	-1.78	-4.45
Return on Capital Employeed (%)	18.68	24.49	9.59	4.81	8.13
Return On Assets (%)	8.89	5.79	-0.01	-0.60	-1.50
Long Term Debt / Equity (X)	0.01	0.05	0.58	0.63	0.72
Total Debt / Equity (X)	0.02	0.25	1.02	1.00	0.95
Asset Turnover Ratio (%)	1.41	1.13	0.69	0.55	0.71
Current Ratio (X)	2.72	1.23	1.19	1.55	1.72
Quick Ratio (X)	2.00	0.80	0.78	1.13	1.20
Inventory Turnover Ratio (X)	5.99	4.49	3.03	2.50	2.95
Interest Coverage Ratio (X)	6.69	3.79	1.81	1.30	1.76
Interest Coverage Ratio (Post Tax) (X)	4.96	2.82	1.13	0.76	1.66
Enterprise Value (Cr.)	11821.58	3285.09	2031.07	1252.37	1039.98
EV / Net Operating Revenue (X)	3.07	1.18	1.05	0.82	0.58
EV / EBITDA (X)	24.04	10.73	12.04	11.87	6.71
MarketCap / Net Operating Revenue (X)	3.21	1.13	0.62	0.34	0.16
Price / BV (X)	5.57	3.25	1.44	0.63	0.37
Price / Net Operating Revenue (X)	3.21	1.13	0.62	0.34	0.16
EarningsYield	0.02	0.04	0.00	-0.02	-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Titagarh Rail Systems Ltd as of February 5, 2025 is: ₹1,011.98

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 5, 2025, Titagarh Rail Systems Ltd is Undervalued by 12.19% compared to the current share price ₹902.00

Intrinsic Value of Titagarh Rail Systems Ltd as of February 5, 2025 is: ₹1,921.04

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 5, 2025, Titagarh Rail Systems Ltd is Undervalued by 112.98% compared to the current share price ₹902.00

Last 5 Year EPS CAGR: 89.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,023.23 cr) compared to borrowings (463.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (241.54 cr) and profit (60.00 cr) over the years.	The stock has a low average ROCE of 6.17%, which may not be favorable. The stock has a high average Working Capital Days of 112.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 144.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Titagarh Rail Systems Ltd:
1. Net Profit Margin: 7.49%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.68% (Industry Average ROCE: 25%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 12.89% (Industry Average ROE: 18.1%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.96
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 39.9 (Industry average Stock P/E: 39.9)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest intrinsic value of Titagarh Rail Systems Ltd?

The latest intrinsic value of Titagarh Rail Systems Ltd as on 05 February 2025 is ₹1011.98, which is 12.19% higher than the current market price of ₹902.00, indicating the stock is undervalued by 12.19%. The stock has a market capitalization of 12,144 Cr. and recorded a high/low of 1,897/781 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,327 Cr and total liabilities of 3,561 Cr.

What is the Market Cap of Titagarh Rail Systems Ltd?

The Market Cap of Titagarh Rail Systems Ltd is 12,144 Cr..

What is the current Stock Price of Titagarh Rail Systems Ltd as on 05 February 2025?

The current stock price of Titagarh Rail Systems Ltd as on 05 February 2025 is 902.

What is the High / Low of Titagarh Rail Systems Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Titagarh Rail Systems Ltd stocks is 1,897/781.

What is the Stock P/E of Titagarh Rail Systems Ltd?

The Stock P/E of Titagarh Rail Systems Ltd is 39.9.

What is the Book Value of Titagarh Rail Systems Ltd?

The Book Value of Titagarh Rail Systems Ltd is 175.

What is the Dividend Yield of Titagarh Rail Systems Ltd?

The Dividend Yield of Titagarh Rail Systems Ltd is 0.09 %.

What is the ROCE of Titagarh Rail Systems Ltd?

The ROCE of Titagarh Rail Systems Ltd is 25.0 %.

What is the ROE of Titagarh Rail Systems Ltd?

The ROE of Titagarh Rail Systems Ltd is 18.1 %.

What is the Face Value of Titagarh Rail Systems Ltd?

The Face Value of Titagarh Rail Systems Ltd is 2.00.