- Valuation
- ₹21,320 Cr

About Jupiter Wagons Limited
Data last updated:
Jupiter Wagons Limited is a public limited company based in Jabalpur, Madhya Pradesh, India. It operates in the railway equipment and supply segment of the transport and logistics sector. It was incorporated on 28 September 1979 and has been in existence for over 47 years.
Jupiter Wagons is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L28100MP1979PLC049375. Its GSTIN is 23AAACC5823E1Z7 (Madhya Pradesh). The company holds 9 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533272 and NSE: JWL.
The company has an authorised share capital of ₹476.85 Cr and a paid-up capital of ₹427.37 Cr. It was formerly known as Commercial Engineers & Body Builders Co Limited and Commercial Engineers & Body Builders Co Limited. It is led by directors including Vivek Lohia (Managing Director) and Vikash Lohia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 48 Vandana Vihar Narmada Road Gorakhpur, Jabalpur, Madhya Pradesh, India – 482001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,915.7 Cr, a decline of 26.4% compared to the previous year. For the same year it recorded a net profit of ₹183.15 Cr (net margin 6.3%) and EBITDA of ₹335.93 Cr (EBITDA margin 11.5%). The net worth stands at ₹2,978.47 Cr (up 8.1% YoY). Total assets are valued at ₹4,005.69 Cr (up 22.3% YoY).
Its group structure includes 2 subsidiaries and 3 joint ventures.
The company is associated with 3 brands: Cebbco, Jupiter Wagons And Alloys and Jupiter Wagons. As per MCA filings, the company has open charges of ₹2,693.73 Cr and satisfied charges of ₹3,734.02 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jupiterwagons.com.
Company details
Name history
Jupiter Wagons has undergone 3 name changes throughout its history. The company was previously known as Commercial Engineers & Body Builders Co Limited, Commercial Engineers & Body Builders Co Limited, and Commercial Engineers & Body Builders Co Private Limited. The current legal name is Jupiter Wagons Limited.
| Company Name | Status |
|---|---|
| Jupiter Wagons Limited | Current |
| Commercial Engineers & Body Builders Co Limited | Previous |
| Commercial Engineers & Body Builders Co Limited | Previous |
| Commercial Engineers & Body Builders Co Private Limited | Previous |
CIN history
Jupiter Wagons has 5 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28100MP1979PLC049375, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28100MP1979PLC049375 | Current |
| L24231MP1979PLC049375 | Previous |
| L24231UP1979PLC004837 | Previous |
| U24231UR1979PTC004837 | Previous |
| U24231UP1979PLC004837 | Previous |
| U24231UP1979PTC004837 | Previous |
Recognitions & Rankings of Jupiter Wagons
Contact details
Jupiter Wagons Limited's registered office is in Jabalpur, Madhya Pradesh. Its website is jupiterwagons.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address48 Vandana Vihar Narmada Road Gorakhpur, Jabalpur, Madhya Pradesh, India – 482001
- IndustryTransport and Logistics, Railway Equipment & Supply
To see the full contact details of Jupiter Wagons Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Jupiter Wagons operates multiple associated brands including CEBBCO, Jupiter Wagons And Alloys, and Jupiter Wagons. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for manufacturing bodies for transport vehicles and railway coaches | cebbco.com | |
| Railway wagons, passenger coaches, and components are manufactured. | jupiterwagon.in | |
| Manufacturer of railway wagons, wagon accessories, brake systems, and commercial vehicle load bodies | jupiterwagons.com |
Business activity
The main business activity of Jupiter Wagons is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 29 | Manufacture of motor vehicles, trailers and semi-trailers |
To see the full business activity and turnover split of Jupiter Wagons Limited, buy the company report.
Financials of Jupiter Wagons Limited
FY 2025-26 filings availableJupiter Wagons Limited reported revenue of ₹2,915.7 Cr (down 26.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 2,916 | 3,963 | 3,644 | 2,068 | 1,178 | 996 |
| Revenue growth | -26.4% | +8.8% | +76.2% | +75.5% | +18.3% | - |
| EBITDA | 336 | 566 | 487 | 249 | 114 | 106 |
| EBITDA margin | +11.5% | +14.3% | +13.4% | +12.1% | +9.7% | +10.7% |
| Profit before tax | 245 | 496 | 442 | 200 | 75.62 | 65.79 |
| Net profit | 183 | 380 | 331 | 121 | 49.54 | 53.39 |
| Net profit margin | +6.3% | +9.6% | +9.1% | +5.8% | +4.2% | +5.4% |
| EPS (₹) | 4.02 | 9.00 | 8.04 | 3.12 | 1.28 | 1.38 |
| Balance sheet | ||||||
| Total assets | 4,006 | 3,274 | 1,984 | 1,096 | 825 | 774 |
| Net worth | 2,978 | 2,754 | 1,616 | 803 | 683 | 633 |
| Total debt | 996 | 502 | 349 | 288 | 139 | 138 |
| Cash & bank | 442 | 594 | 213 | 167 | 68.90 | 71.36 |
| Net working capital | 1,833 | 1,726 | 986 | 576 | 321 | 269 |
| Cash flow | ||||||
| Cash from operations | 9.45 | 104 | (19.10) | 77.65 | 59.52 | 67.38 |
| Cash from investing | (688) | (628) | (464) | (122) | (49.11) | (60.20) |
| Cash from financing | 454 | 842 | 489 | 121 | (16.76) | 22.39 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 671 | 780 | 890 | 786 | 459 | 1,045 | 1,030 | 1,009 |
| Revenue growth (YoY) | +46.0% | -25.3% | -13.5% | -22.1% | -47.8% | - | - | - |
| Other income | 9.91 | 9.30 | 9.22 | 10.26 | 16.88 | 11.97 | 14.82 | 9.71 |
| EBITDA | 64.93 | 71.31 | 113 | 92.68 | 59.24 | 147 | 143 | 139 |
| EBITDA margin | +9.7% | +9.1% | +12.7% | +11.8% | +12.9% | +14.1% | +13.9% | +13.8% |
| Depreciation | 18.67 | 17.80 | 16.64 | 16.42 | 16.23 | 14.89 | 13.53 | 12.77 |
| Interest | 17.49 | 16.48 | 18.46 | 18.62 | 15.94 | 16.65 | 14.47 | 16.68 |
| Profit before tax | 38.68 | 46.33 | 86.82 | 67.90 | 43.95 | 127 | 130 | 119 |
| Tax | 12.49 | 19.14 | 24.48 | 22.56 | 12.88 | 24.88 | 33.17 | 29.82 |
| Net profit | 26.19 | 27.19 | 62.34 | 45.34 | 31.07 | 103 | 96.42 | 89.36 |
| EPS (₹) | 0.66 | 0.67 | 1.33 | 1.10 | 0.77 | 2.44 | 2.29 | 2.12 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,539 | 3,871 | 3,641 | 2,068 | 1,178 | 996 | 126 |
| Revenue growth | -34.4% | +6.3% | +76.1% | +75.5% | +18.3% | +691.9% | - |
| EBITDA | 300 | 548 | 491 | 254 | 114 | 106 | 2.09 |
| EBITDA margin | +11.8% | +14.2% | +13.5% | +12.3% | +9.7% | +10.7% | +1.7% |
| Profit before tax | 246 | 498 | 444 | 205 | 76.00 | 65.91 | (2.56) |
| Net profit | 183 | 371 | 332 | 125 | 49.90 | 53.51 | (6.70) |
| Net profit margin | +7.2% | +9.6% | +9.1% | +6.1% | +4.2% | +5.4% | -5.3% |
| EPS (₹) | 4.29 | 8.79 | 8.07 | 3.24 | 1.29 | 1.38 | (0.02) |
| Balance sheet | |||||||
| Total assets | 3,591 | 3,151 | 1,964 | 1,101 | 826 | 774 | 147 |
| Net worth | 2,993 | 2,752 | 1,622 | 809 | 683 | 633 | 104 |
| Total debt | 590 | 394 | 338 | 288 | 139 | 138 | 41.84 |
| Cash & bank | 355 | 418 | 180 | 166 | 68.88 | 71.36 | 4.50 |
| Net working capital | 1,555 | 1,424 | 957 | 581 | 322 | 269 | 27.48 |
| Cash flow | |||||||
| Cash from operations | 54.37 | 200 | (6.35) | 72.90 | 59.51 | 67.38 | (14.75) |
| Cash from investing | (395) | (803) | (487) | (119) | (49.11) | (60.20) | (12.54) |
| Cash from financing | 202 | 762 | 489 | 121 | (16.76) | 22.39 | 7.08 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 619 | 645 | 776 | 707 | 411 | 1,002 | 1,000 | 974 |
| Revenue growth (YoY) | +50.6% | -35.6% | -22.4% | -27.4% | -54.1% | - | - | - |
| Other income | 8.29 | 8.53 | 8.21 | 7.51 | 13.92 | 8.74 | 10.64 | 7.59 |
| Total expenses | 553 | 578 | 682 | 619 | 360 | 857 | 859 | 840 |
| EBITDA | 65.75 | 67.12 | 93.60 | 88.03 | 50.75 | 145 | 141 | 133 |
| EBITDA margin | +10.6% | +10.4% | +12.1% | +12.4% | +12.4% | +14.4% | +14.1% | +13.7% |
| Depreciation | 9.70 | 9.14 | 8.89 | 8.73 | 8.62 | 8.11 | 7.76 | 7.55 |
| Interest | 12.90 | 12.40 | 15.04 | 15.62 | 13.25 | 13.81 | 12.54 | 14.90 |
| Profit before tax | 51.44 | 54.11 | 77.88 | 71.19 | 42.80 | 131 | 131 | 118 |
| Tax | 13.40 | 15.51 | 19.55 | 18.47 | 9.94 | 34.11 | 33.60 | 29.82 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 671 | 780 | 890 | 786 | 459 | 1,045 | 1,030 | 1,009 |
| Revenue growth (YoY) | +46.0% | -25.3% | -13.5% | -22.1% | -47.8% | - | - | - |
| Other income | 9.91 | 9.30 | 9.22 | 10.26 | 16.88 | 11.97 | 14.82 | 9.71 |
| EBITDA | 64.93 | 71.31 | 113 | 92.68 | 59.24 | 147 | 143 | 139 |
| EBITDA margin | +9.7% | +9.1% | +12.7% | +11.8% | +12.9% | +14.1% | +13.9% | +13.8% |
| Depreciation | 18.67 | 17.80 | 16.64 | 16.42 | 16.23 | 14.89 | 13.53 | 12.77 |
| Interest | 17.49 | 16.48 | 18.46 | 18.62 | 15.94 | 16.65 | 14.47 | 16.68 |
| Profit before tax | 38.68 | 46.33 | 86.82 | 67.90 | 43.95 | 127 | 130 | 119 |
| Tax | 12.49 | 19.14 | 24.48 | 22.56 | 12.88 | 24.88 | 33.17 | 29.82 |
| Net profit | 26.19 | 27.19 | 62.34 | 45.34 | 31.07 | 103 | 96.42 | 89.36 |
| EPS (₹) | 0.66 | 0.67 | 1.33 | 1.10 | 0.77 | 2.44 | 2.29 | 2.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 2,916 | 3,963 | 3,644 | 2,068 | 1,178 | 996 |
| Revenue growth | -26.4% | +8.8% | +76.2% | +75.5% | +18.3% | - |
| Other income | 45.66 | 44.36 | 24.55 | 5.09 | 3.39 | 1.83 |
| Total expenses | 2,580 | 3,398 | 3,157 | 1,819 | 1,065 | 889 |
| Employee cost | 0.00 | 76.64 | 51.41 | 41.95 | 33.83 | 26.20 |
| EBITDA | 336 | 566 | 487 | 249 | 114 | 106 |
| EBITDA margin | +11.5% | +14.3% | +13.4% | +12.1% | +9.7% | +10.7% |
| Depreciation | 67.09 | 53.64 | 28.16 | 24.98 | 23.38 | 21.18 |
| Interest | 69.50 | 60.42 | 41.00 | 28.89 | 18.17 | 21.12 |
| Profit before tax | 245 | 496 | 442 | 200 | 75.62 | 65.79 |
| Tax | 79.04 | 116 | 111 | 79.82 | 25.99 | 12.40 |
| Net profit | 183 | 380 | 331 | 121 | 49.54 | 53.39 |
| Net profit margin | +6.3% | +9.6% | +9.1% | +5.8% | +4.2% | +5.4% |
| EPS (₹) | 4.02 | 9.00 | 8.04 | 3.12 | 1.28 | 1.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 427 | 424 | 412 | 387 | 387 | 387 |
| Reserves & surplus | 2,551 | 2,296 | 1,204 | 416 | 295 | 246 |
| Shareholders' funds (net worth) | 2,978 | 2,754 | 1,616 | 803 | 683 | 633 |
| Minority interest | 8.10 | 13.28 | 15.42 | 0.06 | 0.18 | 0.19 |
| Secured loans | 817 | 437 | 205 | 146 | 122 | 128 |
| Unsecured loans | 180 | 64.18 | 144 | 142 | 17.44 | 9.18 |
| Total debt | 996 | 502 | 349 | 288 | 139 | 138 |
| Total liabilities | 4,006 | 3,274 | 1,984 | 1,096 | 825 | 774 |
| Assets | ||||||
| Gross block | 1,434 | 1,225 | 1,032 | 579 | 519 | 487 |
| Net block | 1,115 | 972 | 831 | 464 | 428 | 418 |
| Capital work in progress | 270 | 66.11 | 53.77 | 27.48 | 22.20 | 20.72 |
| Investments | 236 | 164 | 92.86 | 11.32 | 8.02 | 2.03 |
| Inventories | 1,079 | 769 | 984 | 491 | 319 | 244 |
| Sundry debtors | 757 | 815 | 491 | 213 | 70.99 | 72.12 |
| Cash & bank balances | 442 | 594 | 213 | 167 | 68.90 | 71.36 |
| Loans & advances | 223 | 250 | 223 | 212 | 109 | 98.48 |
| Total current assets | 2,500 | 2,428 | 1,910 | 1,084 | 569 | 486 |
| Total current liabilities | 667 | 701 | 924 | 508 | 247 | 217 |
| Net working capital | 1,833 | 1,726 | 986 | 576 | 321 | 269 |
| Total assets | 4,006 | 3,274 | 1,984 | 1,096 | 825 | 774 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 441 | 123 | 117 | 40.70 | 47.05 | 17.48 |
| Net cash from operating activities | 9.45 | 104 | (19.10) | 77.65 | 59.52 | 67.38 |
| Net cash from investing activities | (688) | (628) | (464) | (122) | (49.11) | (60.20) |
| Net cash from financing activities | 454 | 842 | 489 | 121 | (16.76) | 22.39 |
| Net change in cash | (224) | 318 | 5.38 | 76.43 | (6.35) | 29.57 |
| Closing cash | 442 | 594 | 213 | 167 | 68.90 | 71.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -26.4% | +8.8% | +76.2% | +75.5% | +18.3% | - |
| EBITDA growth | -40.6% | +16.3% | +95.2% | +119.1% | +7.1% | - |
| PBT growth | -50.6% | +12.2% | +120.4% | +165.1% | +14.9% | +9997.0% |
| Net income growth | -51.8% | +14.8% | +174.9% | +143.3% | -7.2% | - |
| Revenue CAGR (3Y) | +12.1% | +49.8% | +54.1% | - | - | - |
| EBITDA CAGR (3Y) | +10.5% | +70.7% | +66.1% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +5.7% | +9.6% | +9.1% | +5.8% | +4.2% | +5.4% |
| Return on capital employed | - | +21.3% | +31.5% | +23.9% | +11.7% | +11.2% |
| Return on net worth | - | +17.4% | +27.4% | +16.2% | +7.6% | +8.4% |
| Debt / equity | - | 0.19 | 0.26 | 0.29 | 0.21 | 0.22 |
| Long-term debt / equity | - | 0.01 | 0.02 | 0.03 | 0.05 | 0.05 |
| Interest cover | 25.85 | 11.80 | 8.94 | 12.88 | 20.10 | 24.82 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 3.51 | 4.52 | 3.77 | 2.34 | 2.05 |
| Inventory turnover | - | 4.52 | 4.94 | 5.10 | 4.18 | 4.08 |
| Debtors turnover | - | 6.07 | 10.35 | 14.55 | 16.47 | 13.81 |
| EPS (₹) | 4.02 | 9.00 | 8.04 | 3.12 | 1.28 | 1.38 |
| Dividend per share (₹) | 1.00 | 1.30 | 0.60 | 0.50 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 64.09 | 39.20 | 20.74 | 17.62 | 16.34 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 619 | 645 | 776 | 707 | 411 | 1,002 | 1,000 | 974 |
| Revenue growth (YoY) | +50.6% | -35.6% | -22.4% | -27.4% | -54.1% | - | - | - |
| Other income | 8.29 | 8.53 | 8.21 | 7.51 | 13.92 | 8.74 | 10.64 | 7.59 |
| Total expenses | 553 | 578 | 682 | 619 | 360 | 857 | 859 | 840 |
| EBITDA | 65.75 | 67.12 | 93.60 | 88.03 | 50.75 | 145 | 141 | 133 |
| EBITDA margin | +10.6% | +10.4% | +12.1% | +12.4% | +12.4% | +14.4% | +14.1% | +13.7% |
| Depreciation | 9.70 | 9.14 | 8.89 | 8.73 | 8.62 | 8.11 | 7.76 | 7.55 |
| Interest | 12.90 | 12.40 | 15.04 | 15.62 | 13.25 | 13.81 | 12.54 | 14.90 |
| Profit before tax | 51.44 | 54.11 | 77.88 | 71.19 | 42.80 | 131 | 131 | 118 |
| Tax | 13.40 | 15.51 | 19.55 | 18.47 | 9.94 | 34.11 | 33.60 | 29.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,539 | 3,871 | 3,641 | 2,068 | 1,178 | 996 | 126 |
| Revenue growth | -34.4% | +6.3% | +76.1% | +75.5% | +18.3% | +691.9% | - |
| Other income | 38.17 | 34.24 | 20.99 | 5.09 | 3.39 | 1.83 | 9.84 |
| Total expenses | 2,240 | 3,323 | 3,150 | 1,814 | 1,064 | 889 | 124 |
| Employee cost | 0.00 | 58.54 | 50.79 | 41.17 | 33.80 | 26.20 | 9.02 |
| EBITDA | 300 | 548 | 491 | 254 | 114 | 106 | 2.09 |
| EBITDA margin | +11.8% | +14.2% | +13.5% | +12.3% | +9.7% | +10.7% | +1.7% |
| Depreciation | 35.39 | 30.70 | 27.53 | 24.94 | 23.35 | 21.14 | 8.32 |
| Interest | 56.30 | 53.10 | 40.81 | 28.89 | 18.17 | 21.12 | 6.17 |
| Profit before tax | 246 | 498 | 444 | 205 | 76.00 | 65.91 | (2.56) |
| Tax | 63.47 | 125 | 111 | 79.82 | 25.99 | 12.40 | (2.42) |
| Net profit | 183 | 371 | 332 | 125 | 49.90 | 53.51 | (6.70) |
| Net profit margin | +7.2% | +9.6% | +9.1% | +6.1% | +4.2% | +5.4% | -5.3% |
| EPS (₹) | 4.29 | 8.79 | 8.07 | 3.24 | 1.29 | 1.38 | (0.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 427 | 424 | 412 | 387 | 387 | 387 | 97.84 |
| Reserves & surplus | 2,565 | 2,294 | 1,210 | 421 | 296 | 246 | 5.96 |
| Shareholders' funds (net worth) | 2,993 | 2,752 | 1,622 | 809 | 683 | 633 | 104 |
| Secured loans | 471 | 312 | 205 | 146 | 136 | 128 | 36.55 |
| Unsecured loans | 119 | 82.47 | 133 | 142 | 3.14 | 9.18 | 5.29 |
| Total debt | 590 | 394 | 338 | 288 | 139 | 138 | 41.84 |
| Total liabilities | 3,591 | 3,151 | 1,964 | 1,101 | 826 | 774 | 147 |
| Assets | |||||||
| Gross block | 846 | 752 | 659 | 577 | 517 | 485 | 146 |
| Net block | 641 | 582 | 518 | 463 | 426 | 416 | 111 |
| Capital work in progress | 67.81 | 45.01 | 29.47 | 26.34 | 22.20 | 20.72 | 5.75 |
| Investments | 1,316 | 1,093 | 452 | 16.45 | 10.04 | 3.89 | 0.00 |
| Inventories | 971 | 696 | 907 | 491 | 319 | 244 | 47.57 |
| Sundry debtors | 672 | 809 | 469 | 213 | 70.97 | 72.12 | 11.11 |
| Cash & bank balances | 355 | 418 | 180 | 166 | 68.88 | 71.36 | 4.50 |
| Loans & advances | 138 | 189 | 202 | 218 | 110 | 98.63 | 17.26 |
| Total current assets | 2,136 | 2,111 | 1,758 | 1,089 | 569 | 486 | 80.44 |
| Total current liabilities | 582 | 687 | 801 | 508 | 247 | 217 | 52.96 |
| Net working capital | 1,555 | 1,424 | 957 | 581 | 322 | 269 | 27.48 |
| Total assets | 3,591 | 3,151 | 1,964 | 1,101 | 826 | 774 | 147 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 271 | 112 | 116 | 40.69 | 47.05 | 17.48 | 23.03 |
| Net cash from operating activities | 54.37 | 200 | (6.35) | 72.90 | 59.51 | 67.38 | (14.75) |
| Net cash from investing activities | (395) | (803) | (487) | (119) | (49.11) | (60.20) | (12.54) |
| Net cash from financing activities | 202 | 762 | 489 | 121 | (16.76) | 22.39 | 7.08 |
| Net change in cash | (139) | 159 | (3.95) | 75.13 | (6.36) | 29.57 | (20.21) |
| Closing cash | 355 | 418 | 180 | 166 | 68.88 | 71.36 | 4.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -34.4% | +6.3% | +76.1% | +75.5% | +18.3% | +691.9% | - |
| EBITDA growth | -45.3% | +11.6% | +93.4% | +122.5% | +7.3% | +4988.0% | - |
| PBT growth | -50.6% | +12.3% | +116.2% | +170.0% | +15.3% | +9998.0% | - |
| Net income growth | -50.8% | +11.6% | +165.7% | +150.7% | -6.8% | +898.7% | - |
| Revenue CAGR (3Y) | +7.1% | +48.7% | +54.1% | +154.3% | +76.1% | +117.2% | +5.9% |
| EBITDA CAGR (3Y) | +5.7% | +68.7% | +66.5% | +395.3% | - | +1110.2% | +32.4% |
| Profitability & leverage | |||||||
| Net income margin | +7.2% | +9.6% | +9.1% | +6.1% | +4.2% | +5.4% | -0.1% |
| Return on capital employed | - | +21.6% | +31.6% | +24.3% | +11.8% | +18.9% | 0.0% |
| Return on net worth | - | +17.1% | +27.4% | +16.8% | +7.6% | +14.7% | 0.0% |
| Debt / equity | - | 0.17 | 0.26 | 0.29 | 0.21 | 0.24 | 0.37 |
| Long-term debt / equity | - | 0.00 | 0.01 | 0.03 | 0.05 | 0.07 | 0.22 |
| Interest cover | 21.32 | 10.27 | 8.80 | 12.62 | 20.02 | 24.79 | -99.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 5.49 | 5.89 | 3.78 | 2.35 | 3.15 | 0.88 |
| Inventory turnover | - | 4.83 | 5.21 | 5.10 | 4.18 | 6.82 | 4.06 |
| Debtors turnover | - | 6.06 | 10.67 | 14.55 | 16.47 | 23.93 | 8.71 |
| EPS (₹) | 4.29 | 8.79 | 8.07 | 3.24 | 1.29 | 1.38 | (0.02) |
| Dividend per share (₹) | 1.00 | 1.30 | 0.60 | 0.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 64.03 | 39.34 | 20.87 | 17.64 | 16.34 | 10.67 |
To see the full year-wise statements and ratios of Jupiter Wagons Limited, buy the company report.
Board of directors of Jupiter Wagons Limited
Jupiter Wagons has 11 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhuchhanda Chatterjee | Director | 22 May 2019 | 7 Years 5 Months | Current |
| Vikash Lohia Also directs: Jupiter Tatravagonka Railwheel Factory Private Limited, Stone India Ltd, JWL Dako-Cz (India) Private Limited and 1 more | Whole-Time Director | 30 May 2022 | 4 Years 5 Months | Current |
| Avinash Gupta Also directs: Stove Kraft Limited, Transport Corporation of India Limited, Keventer Agro Ltd. and 2 more | Director | 30 May 2022 | 4 Years 5 Months | Current |
| Abhishek Jaiswal Also directs: Signature Developers &Builders LLP | Whole-Time Director | 14 Sep 2017 | 9 Years 1 Months | Current |
| Ganesan Raghuram | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Vivek Lohia Also directs: Habitation Realestate LLP, JWL Kovis (India) Private Limited, JWL Talegria (India) Private Limited and 1 more | Managing Director | 25 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Jupiter Wagons Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Commercial Vehicles, Railway Equipment and Products), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Force Motors Limited | ₹8,128.29 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Volvo Group India Private Limited | ₹5,487.9 Cr (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| Jupiter Wagons Limitedthis company | ₹2,915.7 Cr (FY 2026) | ₹183.15 Cr | 6.3% | -26.4% | Jabalpur, Madhya Pradesh, India | |
| Wabtec Locomotive Private Limited | ₹2,445.45 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Jupiter Wagons Limited, buy the company report.
Auditor
Jupiter Wagons Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2025 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 68.30%, foreign institutional investors hold 3.50%, domestic institutional investors hold 0.80% and retail and other public shareholders hold 27.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 68.30% | 68.30% | 68.30% | 68.10% |
| Public | 31.70% | 31.70% | 31.70% | 31.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2026 | 101405935 | Others | ₹25 Cr | Open | |
| 26 Nov 2024 | 101023397 | Axis Bank Limited | ₹1.11 Cr | Open | |
| 10 Aug 2023 | 100808255 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 11 Jan 2019 | 100237054 | Others | ₹2,241.35 Cr | Open | |
| 02 Jun 2018 | 100193441 | Others | ₹10 Cr | Open |
To see the full charge records of Jupiter Wagons Limited, buy the company report.
Total charge records: 50 View all charges
Legal cases
Jupiter Wagons Limited has 21 court cases on record: 9 filed by Jupiter Wagons, 12 filed against it. 3 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 0 |
| High courts | 10 | 4 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Container Corporation of India Ltd. | Disposed |
| Allahabad High Court | Court case (IAPL) | Filed against the company by Principal Commissioner of Income Tax and Another | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Secretary Union of India | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Madhya Pradesh | Court case (MCC) | Filed by the company against Commercial Taxes Department | Disposed |
To see the full case history of Jupiter Wagons Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Jupiter Wagons Limited was last rated by Icra on 27 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Jan 2021 |
To see the full credit ratings and regulatory alerts of Jupiter Wagons Limited, buy the company report.
MSME payment delays
Jupiter Wagons Limited has 21 MSME Form 1 returns on record between 2012 and 2024, listing 1,763 overdue payments to 48 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Vijay Steel Centre | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Jupiter Wagons Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Jupiter Wagons has 2 subsidiary companies and 3 joint ventures. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Jupiter Tatravagonka Railwheel Factory Private Limited | U28113WB2013FTC284153 | |
| Jupiter Electric Mobility Private Limited | U29109WB2021PTC249567 |
To see the full group structure of Jupiter Wagons Limited, buy the company report.
GST
Jupiter Wagons has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACC5823E1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
| 20AAACC5823E1ZD | Jharkhand | Active | 01 Jul 2017 |
| 19AAACC5823E2ZV | West Bengal | Active | 18 Mar 2022 |
| 19AAACC5823E3ZU | West Bengal | Active | 22 Feb 2024 |
To see the full GST registrations and return filing status of Jupiter Wagons Limited, buy the company report.
Recent activity
Jupiter Wagons Limited has 60 board changes on record since 1979: 37 appointments and 23 cessations. The latest: Ranjini Roy was appointed as Director on 09 Jul 2026.
158 earlier events are in the company report.
News
Frequently asked questions
Jupiter Wagons is an active public limited company based in Jabalpur, Madhya Pradesh, India. The company works in railway equipment and supply, within the transport and logistics industry. It was incorporated on 28 September 1979 (47+ years old) and is registered under CIN L28100MP1979PLC049375. Listed on BSE: 533272 and NSE: JWL.
Jupiter Wagons reported revenue of ₹2,915.7 Cr for FY 2025-26 (down 26.4% YoY) based on consolidated financials.
Jupiter Wagons has 11 current directors:
- Vivek Lohia - Managing Director
- Vikash Lohia - Whole-Time Director
- Abhishek Jaiswal - Whole-Time Director
- Swapan Kumar Chaudhury - Whole-Time Director
- Madhuchhanda Chatterjee - Director
- Avinash Gupta - Director
- Ganesan Raghuram - Director
- Mark Damian Stevenson - Director
- Navin Nayar - Director
- Siddhi Singhania - Director
- Ranjini Roy - Director
The latest financial statements of Jupiter Wagons on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Jupiter Wagons is 23AAACC5823E1Z7, registered in Madhya Pradesh. The company has 9 GST registrations in all, of which 5 are active and 4 are cancelled or inactive. Other active GSTINs include 20AAACC5823E1ZD (Jharkhand), 19AAACC5823E2ZV (West Bengal), 19AAACC5823E3ZU (West Bengal).
The CIN (Corporate Identification Number) of Jupiter Wagons is L28100MP1979PLC049375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Jupiter Wagons is a listed company as per MCA records. Its shares are listed on both BSE (code: 533272) and NSE (symbol: JWL).
Jupiter Wagons has 21 court cases on record: 9 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Jupiter Wagons was incorporated on 28 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Jupiter Wagons by revenue are Force Motors Limited, Volvo Group India Private Limited, Wabtec Locomotive Private Limited, all in the Transport and Logistics industry (Commercial Vehicles, Railway Equipment and Products), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers).
Ranjini Roy was appointed as Director on 09 Jul 2026. Siddhi Singhania was appointed as Director on 09 Jul 2026. Mark Damian Stevenson was appointed as Director on 15 Dec 2025. Jupiter Wagons has 60 board changes on record in total.
Jupiter Wagons has 21 MSME Form 1 returns on record between 2012 and 2024, listing 1,763 overdue payments to 48 micro and small suppliers. The latest return was filed on 27 Apr 2024.

