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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532966 | NSE: TITAGARH

Titagarh Rail Systems Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:41 am

Market Cap 14,840 Cr.
Current Price 1,102
High / Low 1,897/781
Stock P/E48.8
Book Value 175
Dividend Yield0.07 %
ROCE25.0 %
ROE18.1 %
Face Value 2.00
PEG Ratio0.55

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

View Share Price Target for Titagarh Rail Systems Ltd

Competitors of Titagarh Rail Systems Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Titagarh Rail Systems Ltd 14,840 Cr. 1,102 1,897/78148.8 1750.07 %25.0 %18.1 % 2.00
Industry Average14,840.00 Cr1,102.0048.80175.000.07%25.00%18.10%2.00

All Competitor Stocks of Titagarh Rail Systems Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales449430507342379422432607766974911935955
Expenses422410463304336376392554701882805821844
Operating Profit28204438434640536592106115111
OPM %6%5%9%11%11%11%9%9%9%9%12%12%12%
Other Income6149-8-12-44-13291174714
Interest19222013171616202322192018
Depreciation8884565556777
Profit before tax6425139-1965748708495100
Tax %113%81%31%57%83%-33%101%21%32%31%27%25%25%
Net Profit-111761-25-0453348627175
EPS in Rs-0.020.061.460.480.12-2.090.104.032.724.035.175.555.56

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8917826247619591,7141,2681,5591,7661,5211,4682,7803,775
Expenses7547366197219291,6051,3651,5501,7401,4401,3032,5293,352
Operating Profit1374654030108-9792781165251423
OPM %15%6%1%5%3%6%-8%1%2%5%11%9%11%
Other Income142720-0202425253425-613432
Interest16221418173144658881578180
Depreciation11151826465251242930182226
Profit before tax12436-7-4-1350-167-56-57-629181349
Tax %32%38%-58%-177%-52%45%12%59%36%-237%102%31%
Net Profit8422-10-10-2027-147-23-36-19-1126255
EPS in Rs8.292.35-0.89-0.33-1.692.33-12.43-2.47-2.96-1.26-0.0310.8920.31
Dividend Payout %19%34%-90%-48%-47%34%-2%-12%0%0%0%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-73.81%-145.45%0.00%-100.00%235.00%-644.44%84.35%-56.52%47.22%94.74%12700.00%
Change in YoY Net Profit Growth (%)0.00%-71.65%145.45%-100.00%335.00%-879.44%728.80%-140.88%103.74%47.51%12605.26%

Titagarh Rail Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

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:33%
5 Years:84%
3 Years:128%
1 Year:6%
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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital20202023232323232424242727
Reserves6566426699309448327937438178189402,1912,327
Borrowings128128125233372624896730847920353166498
Other Liabilities2782892461,4931,3561,210975775775903710832709
Total Liabilities1,0821,0801,0602,6782,6952,6892,6872,2722,4622,6642,0273,2163,561
Fixed Assets272323416977933958935872871966732748975
CWIP2611271315273604161121748
Investments333312182838729313032198241
Other Assets7517126161,6661,6651,6211,6301,3711,5181,6071,2512,0972,338
Total Assets1,0821,0801,0602,6782,6952,6892,6872,2722,4622,6642,0273,2163,561

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-4068102-154-177-121-12415468554186
Cash from Investing Activity +41-34-25-5044-45-494-60-73-61-537
Cash from Financing Activity +-36-17-69216111191214-22743-5367724
Net Cash Flow-3418811-222540-7051-7146274

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow137.00-82.00-123.00-85.00-203.00-264.00-721.00-887.00-703.00-766.00-755.00-102.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days8681548750798152136583750
Inventory Days2493131764711822132031191421767864
Days Payable8584752481501482091111461535539
Cash Conversion Cycle250310155310821457560131816075
Working Capital Days1641628077771151311321641394765
ROCE %7%2%5%2%6%-8%1%2%5%9%18%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters45.77%47.00%47.05%47.26%47.26%47.82%47.82%47.82%44.97%42.47%42.46%40.46%
FIIs5.37%4.94%4.85%4.63%4.82%5.27%6.07%7.05%16.85%20.04%17.27%19.56%
DIIs9.34%8.53%7.73%7.37%7.00%6.78%6.61%9.68%10.45%12.27%13.72%14.13%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public39.51%39.51%40.36%40.73%40.91%40.10%39.48%35.43%27.73%25.22%26.53%25.83%
No. of Shareholders1,14,9451,11,7391,09,7731,08,8391,04,8311,04,9001,07,8451,41,5611,91,9102,24,2052,92,3953,62,203

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan6,151,5560.87672.27630,8232024-12-30875.16%
Canara Robeco Small Cap Fund1,832,5002.09200.26630,8232024-12-30190.49%
HDFC Large and Mid Cap Fund - Regular Plan699,9420.4876.49630,8232024-12-3010.96%
HSBC Small Cap Fund - Regular Plan666,1000.5272.79630,8232024-12-305.59%
Canara Robeco ELSS Tax Saver Fund631,9300.9769.06630,8232024-12-300.18%
Mahindra Manulife Multi Cap Fund630,8232.3568.94630,8232024-12-300%
Bandhan Flexi Cap Fund596,8240.9765.22630,8232024-12-30-5.39%
Franklin India Smaller Companies Fund513,8080.4756.15630,8232024-12-30-18.55%
HSBC Aggressive Hybrid Fund510,5661.0855.8630,8232024-12-30-19.06%
UTI Small Cap Fund353,0681.0338.59630,8232024-12-30-44.03%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)22.4610.89-0.03-1.28-2.96
Diluted EPS (Rs.)22.4610.89-0.03-1.28-2.96
Cash EPS (Rs.)23.4513.462.730.92-0.59
Book Value[Excl.RevalReserv]/Share (Rs.)164.7280.5870.4470.4173.13
Book Value[Incl.RevalReserv]/Share (Rs.)164.7280.5870.4470.4173.13
Revenue From Operations / Share (Rs.)286.12232.46161.48127.37152.79
PBDIT / Share (Rs.)36.5125.6014.118.8413.40
PBIT / Share (Rs.)34.5023.7211.336.3310.88
PBT / Share (Rs.)29.0516.962.42-0.463.25
Net Profit / Share (Rs.)21.4411.58-0.05-1.57-3.12
NP After MI And SOA / Share (Rs.)21.2510.89-0.02-1.26-2.96
PBDIT Margin (%)12.7611.018.746.938.77
PBIT Margin (%)12.0510.207.014.977.12
PBT Margin (%)10.157.291.49-0.362.12
Net Profit Margin (%)7.494.98-0.03-1.23-2.04
NP After MI And SOA Margin (%)7.424.68-0.01-0.98-1.93
Return on Networth / Equity (%)12.8913.51-0.03-1.78-4.45
Return on Capital Employeed (%)18.6824.499.594.818.13
Return On Assets (%)8.895.79-0.01-0.60-1.50
Long Term Debt / Equity (X)0.010.050.580.630.72
Total Debt / Equity (X)0.020.251.021.000.95
Asset Turnover Ratio (%)1.411.130.690.550.71
Current Ratio (X)2.721.231.191.551.72
Quick Ratio (X)2.000.800.781.131.20
Inventory Turnover Ratio (X)5.994.493.032.502.95
Interest Coverage Ratio (X)6.693.791.811.301.76
Interest Coverage Ratio (Post Tax) (X)4.962.821.130.761.66
Enterprise Value (Cr.)11821.583285.092031.071252.371039.98
EV / Net Operating Revenue (X)3.071.181.050.820.58
EV / EBITDA (X)24.0410.7312.0411.876.71
MarketCap / Net Operating Revenue (X)3.211.130.620.340.16
Price / BV (X)5.573.251.440.630.37
Price / Net Operating Revenue (X)3.211.130.620.340.16
EarningsYield0.020.040.00-0.02-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Titagarh Rail Systems Ltd as of December 31, 2024 is: 1,546.82

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 December 31, 2024, Titagarh Rail Systems Ltd is Undervalued by 40.36% compared to the current share price 1,102.00

Intrinsic Value of Titagarh Rail Systems Ltd as of December 31, 2024 is: 2,927.21

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 December 31, 2024, Titagarh Rail Systems Ltd is Undervalued by 165.63% compared to the current share price 1,102.00

Last 5 Year EPS CAGR: 89.24%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,023.23 cr) compared to borrowings (463.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (309.85 cr) and profit (35.31 cr) over the years.
  1. The stock has a low average ROCE of 6.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 112.75, which may not be favorable.
  3. 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: 48.8 (Industry average Stock P/E: 48.8)
      • 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

Titagarh Wagons Ltd. is a Public Limited Listed company incorporated on 03/07/1997 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27320WB1997PLC084819 and registration number is 084819. Currently Company is involved in the business activities of Building of ships and floating structures. Company’s Total Operating Revenue is Rs. 1474.79 Cr. and Equity Capital is Rs. 23.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Railway Wagons and WansPoddar Point, 10th Floor, Kolkata West Bengal 700016investors@titagarh.in
http://www.titagarh.in
Management
NamePosition Held
Mr. J P ChowdharyExecutive Chairman
Mr. Umesh ChowdharyVice Chairman & Mng.Director
Mr. Prithish ChowdharyDeputy Managing Director
Mr. Anil Kumar AgarwalDy.Managing Director & CEO
Mr. Saket KandoiDirector
Ms. Nayantara PalchoudhuriIndependent Director
Mr. Atul JoshiIndependent Director
Mr. Sushil Kumar RoongtaIndependent Director
Mr. Krishan Kumar JalanIndependent Director
Mr. Debanjan MandalIndependent Director
Mr. Bontha Prasada RaoIndependent Director
Mrs. Rashmi ChowdharyNon Executive Director

FAQ

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

The latest intrinsic value of Titagarh Rail Systems Ltd as on 31 December 2024 is ₹1546.82, which is 40.36% higher than the current market price of ₹1,102.00. The stock has a market capitalization of 14,840 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 14,840 Cr..

What is the current Stock Price of Titagarh Rail Systems Ltd as on 31 December 2024?

The current stock price of Titagarh Rail Systems Ltd as on 31 December 2024 is 1,102.

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 48.8.

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 0.07 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Titagarh Rail Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE