About Titagarh Rail Systems Limited
Data last updated: 25 September 2026
Titagarh Rail Systems Limited is a public limited company based in Kolkata, West Bengal, India. It specialises in railway equipment and supply, a part of the broader transport and logistics sector. Incorporated on 03 July 1997, the company has been in operation for over 29 years.
Registered with ROC Kolkata under CIN L27320WB1997PLC084819. Listed on BSE: 532966 and NSE: TWL.
Capital: an authorised share capital of ₹385.1 Cr and a paid-up capital of ₹26.93 Cr. It is led by directors including Umesh Chowdhary and Rashmi Chowdhary.
Last AGM: 15 September 2025. Financial statements filed for year ended 31 March 2025. Office: Poddar Point 10Th Floor 113 Park Street Kolkata – 700016, West Bengal, India – 700016.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,185.82 Cr, a decline of 17.63% compared to the previous year. The net worth stands at ₹2,455.76 Cr (up 7.02% YoY). Total assets are valued at ₹3,197.47 Cr (up 7.65% YoY).
The company has a workforce of approximately 796 employees as per the latest available data. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand - Titagarh Rail Systems. As per MCA filings, the company has open charges of ₹6,703.93 Cr and satisfied charges of ₹7,305.2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website titagarh.in.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressPoddar Point 10Th Floor 113 Park Street Kolkata – 700016, West Bengal, India – 700016
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IndustryTransport and Logistics, Railway Equipment & Supply, Shipbuilding & Repair Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited has one previous CIN (Corporate Identification Number): U27320WB1997PLC084819. The current CIN is L27320WB1997PLC084819, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27320WB1997PLC084819 | Current |
| U27320WB1997PLC084819 | Previous |
Associated Brands with Titagarh Rail Systems Limited
Titagarh Rail Systems Limited operates one associated brand: Titagarh Rail Systems. These brands represent Titagarh Rail Systems Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Freight wagons are manufactured by Titagarh in India. | titagarh.in |
Business Activity of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles, plastic products, non-metallic mineral products, rubber products, fabricated metal products. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details for Titagarh Rail Systems Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited is audited by Price waterhouse & Co Chartered Accountants LLP for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price waterhouse & Co Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for Titagarh Rail Systems Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited is currently managed by 11 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Umesh Chowdhary
Also directs:
Titagarh Rail Systems Limited, Titagarh Naval Systems Limited, Shivaliks Mercantile Limited and 3 more
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Managing Director | 03 Jul 1997 | 29 Years 2 Months | Current |
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Rashmi Chowdhary
Also directs:
Titagarh Rail Systems Limited
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Director | 14 Aug 2014 | 12 Years 1 Months | Current |
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Atul Ravishanker Joshi
Also directs:
Titagarh Rail Systems Limited, Oyster Capital Management & Advisory Llp, Lumina Datamatics Limited and 3 more
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Director | 24 Jan 2018 | 8 Years 8 Months | Current |
| Anil Kumar Agarwal | Whole-Time Director | 29 May 2019 | 7 Years 3 Months | Current |
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Nayantara Palchoudhuri
Also directs:
Titagarh Rail Systems Limited, Rossell India Limited, Jay Shree Tea And Industries Limited and 5 more
|
Director | 22 Jun 2020 | 6 Years 3 Months | Current |
| Krishan Kumar Jalan | Director | 13 Aug 2020 | 6 Years 1 Months | Current |
Financials of Titagarh Rail Systems Limited FY 2025-26 filings available
Titagarh Rail Systems Limited reported revenue of ₹3,185.82 Cr (down 17.63% 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 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,186 | 3,868 | 3,853 | 2,780 | 1,468 | 1,521 | 1,766 |
| Revenue growth | -15.6% | +1.5% | +34.2% | +83.8% | -4.1% | -17.2% | +11.6% |
| EBITDA | 266 | 409 | 447 | 242 | 86.43 | 80.64 | 26.74 |
| EBITDA margin | +8.4% | +10.6% | +11.6% | +8.7% | +5.9% | +5.3% | +1.5% |
| Profit before tax | 194 | 382 | 386 | 181 | 28.51 | (5.57) | (56.64) |
| Net profit | 160 | 276 | 288 | 130 | (0.24) | (15.61) | (36.74) |
| Net profit margin | +5.0% | +7.1% | +7.5% | +4.7% | -0.0% | -1.0% | -2.1% |
| EPS (₹) | 9.11 | 20.53 | 21.25 | 10.89 | (0.03) | (1.26) | (2.96) |
| Balance sheet | |||||||
| Total assets | 3,197 | 2,970 | 2,510 | 1,349 | 1,765 | 1,866 | 1,723 |
| Net worth | 2,456 | 2,295 | 2,218 | 964 | 842 | 841 | 767 |
| Total debt | 623 | 627 | 166 | 353 | 920 | 847 | 730 |
| Cash & bank | 317 | 467 | 609 | 99.98 | 42.06 | 124 | 56.06 |
| Net working capital | 1,341 | 1,437 | 1,291 | 456 | 603 | 809 | 696 |
| Cash flow | |||||||
| Cash from operations | 322 | (97.40) | 85.79 | 40.92 | 54.59 | 67.69 | 154 |
| Cash from investing | (134) | (579) | (537) | (61.00) | (72.62) | (60.19) | 3.67 |
| Cash from financing | (51.68) | 372 | 724 | 66.53 | (52.71) | 43.22 | (227) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 765 | 875 | 832 | 799 | 679 | 1,006 | 902 | 1,057 |
| Revenue growth (YoY) | +12.6% | -12.9% | -7.8% | -24.4% | -24.8% | -4.5% | -5.5% | +13.0% |
| Other income | 6.64 | 13.51 | 10.78 | 14.44 | 11.65 | 29.86 | 22.89 | 10.72 |
| EBITDA | 94.28 | 92.24 | 80.03 | 73.51 | 63.52 | (140) | 93.50 | 125 |
| EBITDA margin | +12.3% | +10.5% | +9.6% | +9.2% | +9.4% | -13.9% | +10.4% | +11.8% |
| Depreciation | 14.96 | 14.20 | 12.53 | 12.42 | 11.92 | 8.43 | 6.36 | 7.65 |
| Interest | 15.10 | 16.88 | 17.79 | 18.25 | 17.84 | 22.06 | 21.10 | 17.47 |
| Profit before tax | 70.86 | 74.67 | 60.49 | 57.28 | 45.41 | (140) | 88.93 | 111 |
| Tax | 18.28 | 21.17 | 15.21 | 20.28 | 14.47 | (16.31) | 26.16 | 29.89 |
| Net profit | 52.58 | 53.50 | 45.28 | 37.00 | 30.94 | (124) | 62.77 | 80.69 |
| EPS (₹) | 3.84 | 3.97 | 3.58 | 2.73 | 2.30 | (9.18) | 4.66 | 5.99 |
| 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 | 3,144 | 3,747 | 3,853 | 2,781 | 1,496 | 1,026 | 1,484 |
| Revenue growth | -20.3% | +5.2% | +32.6% | +86.6% | +51.7% | -40.2% | +34.7% |
| EBITDA | 291 | 168 | 452 | 215 | 120 | 119 | (32.48) |
| EBITDA margin | +9.3% | +4.5% | +11.7% | +7.7% | +8.1% | +11.6% | -2.2% |
| Profit before tax | 224 | 141 | 397 | 159 | 62.74 | 64.49 | (98.51) |
| Net profit | 188 | 247 | 297 | 133 | 57.44 | 46.41 | 78.86 |
| Net profit margin | +6.0% | +6.6% | +7.7% | +4.8% | +3.8% | +4.5% | +5.3% |
| EPS (₹) | 11.19 | 5.72 | 22.05 | 8.64 | 2.80 | 4.21 | (6.91) |
| Balance sheet | |||||||
| Total assets | 3,212 | 2,980 | 2,520 | 1,349 | 1,071 | 1,155 | 1,176 |
| Net worth | 2,483 | 2,293 | 2,228 | 963 | 870 | 872 | 816 |
| Total debt | 612 | 627 | 166 | 353 | 198 | 104 | 212 |
| Cash & bank | 295 | 459 | 607 | 85.37 | 39.43 | 92.27 | 37.39 |
| Net working capital | 1,232 | 1,327 | 1,285 | 442 | 241 | 345 | 395 |
| Cash flow | |||||||
| Cash from operations | 311 | (101) | 92.80 | 61.97 | 34.94 | 226 | 296 |
| Cash from investing | (126) | (581) | (531) | (77.47) | (58.62) | (38.95) | (143) |
| Cash from financing | (50.98) | 373 | 724 | 49.96 | (22.05) | (147) | (145) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 735 | 859 | 823 | 788 | 674 | 998 | 902 | 1,049 |
| Revenue growth (YoY) | +9.1% | -14.0% | -8.8% | -24.8% | -25.4% | -5.1% | -5.5% | +12.1% |
| Other income | 6.31 | 17.57 | 10.71 | 14.45 | 11.64 | 29.76 | 22.48 | 10.72 |
| Total expenses | 641 | 755 | 741 | 704 | 599 | 1,161 | 802 | 919 |
| EBITDA | 94.02 | 104 | 81.66 | 84.15 | 74.99 | (163) | 100 | 129 |
| EBITDA margin | +12.8% | +12.1% | +9.9% | +10.7% | +11.1% | -16.3% | +11.1% | +12.3% |
| Depreciation | 14.86 | 14.10 | 12.19 | 12.22 | 11.71 | 8.17 | 6.35 | 7.47 |
| Interest | 15.09 | 16.78 | 17.49 | 18.27 | 17.83 | 22.05 | 21.10 | 17.47 |
| Profit before tax | 70.38 | 90.50 | 62.69 | 68.11 | 57.09 | (163) | 95.10 | 115 |
| Tax | 18.39 | 22.48 | 16.09 | 20.82 | 14.34 | (15.14) | 26.16 | 30.09 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 765 | 875 | 832 | 799 | 679 | 1,006 | 902 | 1,057 |
| Revenue growth (YoY) | +12.6% | -12.9% | -7.8% | -24.4% | -24.8% | -4.5% | -5.5% | +13.0% |
| Other income | 6.64 | 13.51 | 10.78 | 14.44 | 11.65 | 29.86 | 22.89 | 10.72 |
| EBITDA | 94.28 | 92.24 | 80.03 | 73.51 | 63.52 | (140) | 93.50 | 125 |
| EBITDA margin | +12.3% | +10.5% | +9.6% | +9.2% | +9.4% | -13.9% | +10.4% | +11.8% |
| Depreciation | 14.96 | 14.20 | 12.53 | 12.42 | 11.92 | 8.43 | 6.36 | 7.65 |
| Interest | 15.10 | 16.88 | 17.79 | 18.25 | 17.84 | 22.06 | 21.10 | 17.47 |
| Profit before tax | 70.86 | 74.67 | 60.49 | 57.28 | 45.41 | (140) | 88.93 | 111 |
| Tax | 18.28 | 21.17 | 15.21 | 20.28 | 14.47 | (16.31) | 26.16 | 29.89 |
| Net profit | 52.58 | 53.50 | 45.28 | 37.00 | 30.94 | (124) | 62.77 | 80.69 |
| EPS (₹) | 3.84 | 3.97 | 3.58 | 2.73 | 2.30 | (9.18) | 4.66 | 5.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,186 | 3,868 | 3,853 | 2,780 | 1,468 | 1,521 | 1,766 |
| Revenue growth | -15.6% | +1.5% | +34.2% | +83.8% | -4.1% | -17.2% | +11.6% |
| Other income | 49.71 | 75.35 | 39.81 | 42.58 | 17.73 | 24.86 | 34.02 |
| Total expenses | 2,920 | 3,459 | 3,406 | 2,538 | 1,381 | 1,440 | 1,740 |
| Employee cost | 0.00 | 86.89 | 66.29 | 56.53 | 45.42 | 211 | 152 |
| EBITDA | 266 | 409 | 447 | 242 | 86.43 | 80.64 | 26.74 |
| EBITDA margin | +8.4% | +10.6% | +11.6% | +8.7% | +5.9% | +5.3% | +1.5% |
| Depreciation | 51.07 | 29.58 | 27.10 | 22.50 | 18.38 | 29.87 | 29.13 |
| Interest | 70.77 | 73.15 | 73.45 | 80.75 | 57.27 | 81.20 | 88.27 |
| Profit before tax | 194 | 382 | 386 | 181 | 28.51 | (5.57) | (56.64) |
| Tax | 71.12 | 107 | 100 | 55.47 | 29.19 | 13.21 | (20.51) |
| Net profit | 160 | 276 | 288 | 130 | (0.24) | (15.61) | (36.74) |
| Net profit margin | +5.0% | +7.1% | +7.5% | +4.7% | -0.0% | -1.0% | -2.1% |
| EPS (₹) | 9.11 | 20.53 | 21.25 | 10.89 | (0.03) | (1.26) | (2.96) |
| 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 | 26.93 | 26.93 | 26.93 | 23.91 | 23.91 | 23.88 | 23.12 |
| Reserves & surplus | 2,379 | 2,268 | 2,191 | 940 | 818 | 812 | 743 |
| Shareholders' funds (net worth) | 2,456 | 2,295 | 2,218 | 964 | 842 | 841 | 767 |
| Minority interest | 1.02 | 1.18 | 0.00 | 0.00 | 0.14 | 0.00 | 78.87 |
| Secured loans | 522 | 529 | 66.26 | 249 | 756 | 743 | 730 |
| Unsecured loans | 101 | 97.67 | 99.46 | 104 | 164 | 104 | 0.00 |
| Total debt | 623 | 627 | 166 | 353 | 920 | 847 | 730 |
| Total liabilities | 3,197 | 2,970 | 2,510 | 1,349 | 1,765 | 1,866 | 1,723 |
| Assets | |||||||
| Gross block | 1,517 | 1,184 | 913 | 869 | 1,187 | 1,062 | 1,038 |
| Net block | 1,274 | 992 | 748 | 732 | 966 | 871 | 872 |
| Capital work in progress | 192 | 122 | 174 | 12.28 | 61.11 | 41.32 | 0.00 |
| Investments | 279 | 225 | 198 | 31.80 | 30.15 | 31.28 | 28.88 |
| Inventories | 588 | 523 | 524 | 461 | 504 | 385 | 376 |
| Sundry debtors | 630 | 671 | 533 | 279 | 233 | 567 | 252 |
| Cash & bank balances | 317 | 467 | 609 | 99.98 | 42.06 | 124 | 56.06 |
| Loans & advances | 648 | 518 | 321 | 502 | 723 | 328 | 560 |
| Total current assets | 2,183 | 2,179 | 1,987 | 1,342 | 1,502 | 1,405 | 1,245 |
| Total current liabilities | 842 | 743 | 695 | 886 | 899 | 596 | 549 |
| Net working capital | 1,341 | 1,437 | 1,291 | 456 | 603 | 809 | 696 |
| Total assets | 3,197 | 2,970 | 2,510 | 1,349 | 1,765 | 1,866 | 1,723 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 25.27 | 329 | 55.41 | 8.96 | 79.69 | 28.97 | 98.65 |
| Net cash from operating activities | 322 | (97.40) | 85.79 | 40.92 | 54.59 | 67.69 | 154 |
| Net cash from investing activities | (134) | (579) | (537) | (61.00) | (72.62) | (60.19) | 3.67 |
| Net cash from financing activities | (51.68) | 372 | 724 | 66.53 | (52.71) | 43.22 | (227) |
| Net change in cash | 137 | (304) | 274 | 46.45 | (70.74) | 50.72 | (69.68) |
| Closing cash | 317 | 467 | 609 | 99.98 | 42.06 | 124 | 56.06 |
| 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 | -17.6% | +0.4% | +38.6% | +89.4% | -3.5% | -13.9% | +13.3% |
| EBITDA growth | -34.9% | -8.5% | +84.8% | +179.8% | +7.2% | +201.6% | +2547.5% |
| PBT growth | -49.2% | -1.2% | +113.2% | +535.5% | +9998.0% | +90.2% | -2.0% |
| Net income growth | -42.2% | -4.2% | +121.7% | +9998.0% | +98.5% | +57.5% | -75.7% |
| Revenue CAGR (3Y) | +4.7% | +38.1% | +36.3% | +16.3% | -2.0% | +6.2% | +1.0% |
| EBITDA CAGR (3Y) | +3.2% | +67.9% | +77.0% | +108.4% | +340.7% | - | -36.3% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +7.1% | +7.4% | +4.5% | -0.1% | -1.2% | -2.1% |
| Return on capital employed | - | +16.1% | +23.8% | +16.8% | +8.9% | +4.3% | +7.3% |
| Return on net worth | - | +11.7% | +18.0% | +13.9% | -0.1% | -2.4% | -4.9% |
| Debt / equity | - | 0.17 | 0.16 | 0.71 | 1.05 | 0.98 | 1.03 |
| Long-term debt / equity | - | 0.05 | 0.09 | 0.39 | 0.65 | 0.68 | 0.71 |
| Interest cover | 32.92 | 19.28 | 17.49 | 36.81 | 84.16 | 159.94 | -3,693.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.74 | 4.33 | 2.70 | 1.31 | 1.45 | 1.61 |
| Inventory turnover | - | 7.39 | 7.82 | 5.76 | 3.30 | 3.99 | 3.94 |
| Debtors turnover | - | 6.43 | 9.49 | 10.86 | 3.67 | 3.71 | 5.92 |
| EPS (₹) | 9.11 | 20.53 | 21.25 | 10.89 | (0.03) | (1.26) | (2.96) |
| Dividend per share (₹) | 1.00 | 1.00 | 0.80 | 0.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 184.40 | 164.72 | 80.58 | 70.43 | 69.97 | 66.31 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 735 | 859 | 823 | 788 | 674 | 998 | 902 | 1,049 |
| Revenue growth (YoY) | +9.1% | -14.0% | -8.8% | -24.8% | -25.4% | -5.1% | -5.5% | +12.1% |
| Other income | 6.31 | 17.57 | 10.71 | 14.45 | 11.64 | 29.76 | 22.48 | 10.72 |
| Total expenses | 641 | 755 | 741 | 704 | 599 | 1,161 | 802 | 919 |
| EBITDA | 94.02 | 104 | 81.66 | 84.15 | 74.99 | (163) | 100 | 129 |
| EBITDA margin | +12.8% | +12.1% | +9.9% | +10.7% | +11.1% | -16.3% | +11.1% | +12.3% |
| Depreciation | 14.86 | 14.10 | 12.19 | 12.22 | 11.71 | 8.17 | 6.35 | 7.47 |
| Interest | 15.09 | 16.78 | 17.49 | 18.27 | 17.83 | 22.05 | 21.10 | 17.47 |
| Profit before tax | 70.38 | 90.50 | 62.69 | 68.11 | 57.09 | (163) | 95.10 | 115 |
| Tax | 18.39 | 22.48 | 16.09 | 20.82 | 14.34 | (15.14) | 26.16 | 30.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,144 | 3,747 | 3,853 | 2,781 | 1,496 | 1,026 | 1,484 |
| Revenue growth | -20.3% | +5.2% | +32.6% | +86.6% | +51.7% | -40.2% | +34.7% |
| Other income | 54.37 | 75.25 | 45.67 | 47.44 | 18.06 | 15.72 | 17.14 |
| Total expenses | 2,853 | 3,579 | 3,401 | 2,566 | 1,375 | 906 | 1,517 |
| Employee cost | 102 | 78.96 | 66.29 | 56.53 | 45.42 | 28.48 | 34.86 |
| EBITDA | 291 | 168 | 452 | 215 | 120 | 119 | (32.48) |
| EBITDA margin | +9.3% | +4.5% | +11.7% | +7.7% | +8.1% | +11.6% | -2.2% |
| Depreciation | 50.22 | 29.03 | 27.10 | 22.50 | 18.38 | 15.73 | 18.14 |
| Interest | 70.37 | 73.14 | 73.45 | 80.75 | 57.27 | 54.79 | 65.03 |
| Profit before tax | 224 | 141 | 397 | 159 | 62.74 | 64.49 | (98.51) |
| Tax | 73.73 | 64.06 | 100 | 55.41 | 29.25 | 14.21 | (18.57) |
| Net profit | 188 | 247 | 297 | 133 | 57.44 | 46.41 | 78.86 |
| Net profit margin | +6.0% | +6.6% | +7.7% | +4.8% | +3.8% | +4.5% | +5.3% |
| EPS (₹) | 11.19 | 5.72 | 22.05 | 8.64 | 2.80 | 4.21 | (6.91) |
| 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 | 26.93 | 26.93 | 26.93 | 23.91 | 23.91 | 23.88 | 23.12 |
| Reserves & surplus | 2,406 | 2,266 | 2,201 | 939 | 846 | 848 | 793 |
| Shareholders' funds (net worth) | 2,483 | 2,293 | 2,228 | 963 | 870 | 872 | 816 |
| Secured loans | 522 | 529 | 66.26 | 249 | 119 | 103 | 212 |
| Unsecured loans | 90.14 | 97.29 | 99.46 | 104 | 79.26 | 1.48 | 0.00 |
| Total debt | 612 | 627 | 166 | 353 | 198 | 104 | 212 |
| Total liabilities | 3,212 | 2,980 | 2,520 | 1,349 | 1,071 | 1,155 | 1,176 |
| Assets | |||||||
| Gross block | 1,469 | 1,170 | 914 | 870 | 795 | 674 | 677 |
| Net block | 1,228 | 979 | 748 | 732 | 678 | 575 | 586 |
| Capital work in progress | 192 | 123 | 175 | 12.28 | 0.00 | 16.29 | 0.00 |
| Investments | 422 | 230 | 213 | 44.53 | 60.13 | 133 | 104 |
| Inventories | 563 | 496 | 524 | 461 | 312 | 199 | 206 |
| Sundry debtors | 621 | 671 | 533 | 279 | 199 | 130 | 159 |
| Cash & bank balances | 295 | 459 | 607 | 85.37 | 39.43 | 92.27 | 37.39 |
| Loans & advances | 585 | 430 | 317 | 280 | 290 | 176 | 254 |
| Total current assets | 2,064 | 2,056 | 1,980 | 1,106 | 840 | 598 | 656 |
| Total current liabilities | 833 | 729 | 695 | 664 | 599 | 253 | 262 |
| Net working capital | 1,232 | 1,327 | 1,285 | 442 | 241 | 345 | 395 |
| Total assets | 3,212 | 2,980 | 2,520 | 1,349 | 1,071 | 1,155 | 1,176 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 17.36 | 327 | 40.79 | 6.33 | 52.07 | 10.30 | 2.26 |
| Net cash from operating activities | 311 | (101) | 92.80 | 61.97 | 34.94 | 226 | 296 |
| Net cash from investing activities | (126) | (581) | (531) | (77.47) | (58.62) | (38.95) | (143) |
| Net cash from financing activities | (50.98) | 373 | 724 | 49.96 | (22.05) | (147) | (145) |
| Net change in cash | 134 | (310) | 286 | 34.46 | (45.74) | 39.83 | 8.04 |
| Closing cash | 295 | 459 | 607 | 85.37 | 39.43 | 92.27 | 37.39 |
| 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 | -16.1% | -2.8% | +38.6% | +85.9% | +45.8% | -30.9% | +40.0% |
| EBITDA growth | +73.1% | -62.8% | +110.6% | +78.3% | +0.9% | +9998.0% | +50.4% |
| PBT growth | +59.1% | -64.5% | +150.1% | +153.1% | -2.7% | +9998.0% | -13.8% |
| Net income growth | -24.2% | -16.7% | +122.6% | +132.2% | +23.8% | -41.2% | +12.2% |
| Revenue CAGR (3Y) | +4.2% | +35.8% | +55.5% | +23.3% | +12.1% | +48.4% | +62.0% |
| EBITDA CAGR (3Y) | +10.6% | +11.8% | +55.9% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +4.8% | +2.1% | +7.7% | +3.7% | +2.2% | +4.9% | -5.4% |
| Return on capital employed | +11.8% | +18.1% | +24.3% | +23.6% | +14.8% | +10.2% | +10.6% |
| Return on net worth | +7.9% | +11.0% | +18.6% | +14.6% | +6.6% | +6.0% | +9.2% |
| Debt / equity | 0.26 | 0.18 | 0.16 | 0.30 | 0.17 | 0.19 | 0.30 |
| Long-term debt / equity | 0.08 | 0.05 | 0.09 | 0.14 | 0.12 | 0.15 | 0.14 |
| Interest cover | 29.27 | 52.65 | 17.29 | 42.04 | 56.17 | 52.91 | -128.47 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.38 | 3.60 | 4.32 | 3.34 | 2.04 | 1.52 | 2.21 |
| Inventory turnover | 5.94 | 7.35 | 7.82 | 7.19 | 5.85 | 5.07 | 5.69 |
| Debtors turnover | 4.87 | 6.23 | 9.49 | 11.64 | 9.09 | 7.09 | 8.62 |
| EPS (₹) | 11.19 | 5.72 | 22.05 | 8.64 | 2.80 | 4.21 | (6.91) |
| Dividend per share (₹) | 1.00 | 1.00 | 0.80 | 0.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 180.69 | 170.31 | 165.48 | 80.53 | 72.74 | 73.01 | 70.62 |
Shareholding Pattern of Titagarh Rail Systems Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 40.50%, foreign institutional investors hold 10.90%, domestic institutional investors hold 15.40%, retail and other public shareholders hold 33.30% of Titagarh Rail Systems Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 40.50% | 40.50% | 40.50% | 40.50% |
| Public | 59.50% | 59.50% | 59.50% | 59.50% |
Group Structure of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2021. The corporate group structure reflects Titagarh Rail Systems Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Titagarh Bridges And International Private Limited | U28900WB2017PTC218811 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Titagarh Rail Systems Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2025 | Sbicap Trustee Company Limited | ₹500 Cr | Open |
| 04 Jul 2024 | Others | ₹150 Cr | Open |
| 26 Apr 2023 | Others | ₹60 Cr | Open |
| 15 Dec 2021 | Idbi Trusteeship Services Limited | ₹685.68 Cr | Open |
| 25 Sep 2020 | Others | ₹100 Cr | Open |
Total charge records: 137 View all charges
Employees and EPFO Compliance at Titagarh Rail Systems Limited
Titagarh Rail Systems Limited has a workforce of 796 employees as of Apr 04, 2024.
Employee and EPFO history for Titagarh Rail Systems Limited
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GST Compliance of Titagarh Rail Systems Limited
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Credit Ratings, Litigation & Regulatory Alerts for Titagarh Rail Systems Limited
Credit ratings, litigation, and regulatory alerts for Titagarh Rail Systems Limited
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MSME Payment Delays by Titagarh Rail Systems Limited
MSME payment history for Titagarh Rail Systems Limited
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Subsidiaries & Group Companies of Titagarh Rail Systems Limited
Corporate group structure for Titagarh Rail Systems Limited
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MCA Filings & Documents of Titagarh Rail Systems Limited
MCA filings and documents for Titagarh Rail Systems Limited
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Recent Activity on Titagarh Rail Systems Limited
Recent News on Titagarh Rail Systems Limited
Frequently Asked Questions about Titagarh Rail Systems Limited
Titagarh Rail Systems Limited is an active public limited company in the transport and logistics sector based in Kolkata, West Bengal, India. It was incorporated on 03 July 1997 (29+ years old) and is registered under CIN L27320WB1997PLC084819. Listed on BSE: 532966 and NSE: TWL. The company has 796 employees.
Titagarh Rail Systems Limited reported revenue of ₹3,185.82 Cr for FY 2025-26 (down 17.63% YoY) based on consolidated financials.
The current directors of Titagarh Rail Systems Limited are:
- Umesh Chowdhary - Managing Director
- Rashmi Chowdhary - Director
- Atul Ravishanker Joshi - Director
- Anil Kumar Agarwal - Whole-Time Director
- Nayantara Palchoudhuri - Director
- Krishan Kumar Jalan - Director
- Jagdish Prasad Chowdhary - Managing Director
- Sushil Kumar Roongta - Director
- Prithish Chowdhary - Whole-Time Director
- Debanjan Mandal - Director
- Prasada Rao Bontha - Director
The primary industry of Titagarh Rail Systems Limited is transport and logistics. The company specifically operates in railway equipment and supply. The company is currently active in this sector.
Yes. Titagarh Rail Systems Limited is listed on both BSE (code: 532966) and NSE (symbol: TWL).
Titagarh Rail Systems Limited can be reached at the registered office: Poddar Point 10Th Floor 113 Park Street Kolkata – 700016, West Bengal, India – 700016, or through the website titagarh.in.