About Titagarh Rail Systems Limited
Data last updated: 13 March 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 U27320WB1997PLC084819. 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 Rashmi Chowdhary and Prithish 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 financials filed for FY 2025, the company reported a revenue of ₹3,943.1 Cr, a growth of 1% compared to the previous year.
The company has a workforce of approximately 796 employees as per the latest available data.
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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Email**************
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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 | ********* |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | ********* |
Board of Directors of Titagarh Rail Systems Limited
Titagarh Rail Systems Limited is currently managed by 13 directors, with 39 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 |
|---|---|---|---|---|
| Rashmi Chowdhary | Director | 14 Aug 2014 | 11 Years 10 Months | Current |
| Prithish Chowdhary | Whole-Time Director | 01 Jan 2021 | 5 Years 6 Months | Current |
| Debanjan Mandal | Director | 04 Sep 2023 | 2 Years 10 Months | Current |
|
Nayantara Palchoudhuri
Also directs:
Rossell India Limited, Jay Shree Tea And Industries Limited, International Combustion (India) Ltd and 5 more
|
Director | 22 Jun 2020 | 6 Years 0 Months | Current |
|
Bontha Prasada Rao
Also directs:
Havells India Limited, Power Mech Projects Limited, Steel Infra Solutions Company Limited and 1 more
|
Director | 04 Sep 2023 | 2 Years 10 Months | Current |
| Sushil Kumar Roongta | Director | 01 Jan 2021 | 5 Years 6 Months | Current |
Financials of Titagarh Rail Systems Limited FY 2026 filings available
Titagarh Rail Systems Limited reported revenue of ₹3,185.82 Cr (down 17.63% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,185.82 Cr | ₹3,867.75 Cr | ₹3,853.3 Cr | ₹1,930.79 Cr | ₹1,520.64 Cr | ₹1,766.32 Cr |
| Other Income | ₹48.44 Cr | ₹75.35 Cr | ₹39.81 Cr | ₹35.84 Cr | ₹24.86 Cr | ₹34.02 Cr |
| Total Income | ₹3,234.26 Cr | ₹3,943.1 Cr | ₹3,893.11 Cr | ₹1,966.63 Cr | ₹1,545.5 Cr | ₹1,800.35 Cr |
| Cost of Materials Consumed | ₹2,348.91 Cr | ₹2,964.91 Cr | ₹2,951.7 Cr | ₹1,226.25 Cr | ₹1,045.66 Cr | ₹1,192.3 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹27.88 Cr | -₹36.06 Cr | ₹36.38 Cr | -₹17.97 Cr | -₹52.24 Cr | -₹40.81 Cr |
| Employee Benefit Expense | ₹110.31 Cr | ₹86.89 Cr | ₹66.29 Cr | ₹223.51 Cr | ₹210.57 Cr | ₹151.77 Cr |
| Finance Costs | ₹70.77 Cr | ₹73.15 Cr | ₹73.45 Cr | ₹93.4 Cr | ₹81.2 Cr | ₹88.27 Cr |
| Depreciation & Amortisation | ₹51.07 Cr | ₹29.58 Cr | ₹27.1 Cr | ₹33.27 Cr | ₹29.87 Cr | ₹29.13 Cr |
| Other Expenses | ₹406.47 Cr | ₹418.97 Cr | ₹347 Cr | ₹366.08 Cr | ₹236.01 Cr | ₹342.12 Cr |
| Total Expenses | ₹2,959.65 Cr | ₹3,537.44 Cr | ₹3,501.93 Cr | ₹1,924.54 Cr | ₹1,551.07 Cr | ₹1,762.79 Cr |
| Profit Before Exceptional Items & Tax | ₹274.61 Cr | ₹405.66 Cr | ₹391.18 Cr | ₹42.09 Cr | -₹5.57 Cr | ₹37.56 Cr |
| Exceptional Items | -₹64.79 Cr | ₹0 | -₹2.61 Cr | -₹13.13 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹209.82 Cr | ₹405.66 Cr | ₹388.57 Cr | ₹28.96 Cr | -₹5.57 Cr | ₹37.56 Cr |
| Total Tax Expense | ₹71.12 Cr | ₹106.68 Cr | ₹100.14 Cr | ₹29.64 Cr | ₹13.21 Cr | -₹20.51 Cr |
| Net Profit | ₹122.82 Cr | ₹274.92 Cr | ₹286.14 Cr | -₹68.55 Lakh | -₹18.79 Cr | -₹36.14 Cr |
| attributable to Owners | - | - | ₹286.14 Cr | -₹32.84 Lakh | -₹15 Cr | ₹0 |
| attributable to NCI | - | - | ₹0 | -₹35.71 Lakh | -₹3.79 Cr | ₹0 |
| Other Comprehensive Income | ₹16 Lakh | -₹1.32 Cr | ₹32.07 Lakh | ₹5.72 Cr | ₹8.14 Cr | ₹5.28 Cr |
| Total Comprehensive Income | ₹122.98 Cr | ₹273.6 Cr | ₹286.46 Cr | ₹5.04 Cr | -₹10.64 Cr | -₹30.86 Cr |
| EBITDA (computed) | ₹396.45 Cr | ₹508.39 Cr | ₹491.74 Cr | ₹168.76 Cr | ₹105.5 Cr | ₹154.96 Cr |
| Basic EPS | ₹9.03 | ₹20.42 | ₹22.64 | ₹-0.03 | ₹-1.28 | ₹5.18 |
| Diluted EPS | ₹9.02 | ₹20.40 | ₹22.64 | ₹-0.03 | ₹-1.28 | ₹5.18 |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹4,039.15 Cr | ₹3,762.29 Cr | ₹3,229.14 Cr |
| Non-current Assets | ₹1,833.24 Cr | ₹1,583.11 Cr | ₹1,242.33 Cr |
| Current Assets | ₹2,182.71 Cr | ₹2,179.18 Cr | ₹1,986.81 Cr |
| Property, Plant & Equipment | ₹1,083.66 Cr | ₹830.82 Cr | ₹647.64 Cr |
| Inventories | ₹588.16 Cr | ₹523.33 Cr | ₹523.72 Cr |
| Trade Receivables | ₹629.75 Cr | ₹670.85 Cr | ₹532.52 Cr |
| Cash & Equivalents | ₹161.86 Cr | ₹25.27 Cr | ₹328.98 Cr |
| Equity (Net Worth) | ₹2,456.73 Cr | ₹2,484.15 Cr | ₹2,231.06 Cr |
| Equity Share Capital | ₹26.93 Cr | ₹26.93 Cr | ₹26.93 Cr |
| Borrowings (Non-current) | ₹169.95 Cr | ₹24.93 Cr | ₹37.36 Cr |
| Borrowings (Current) | ₹351.91 Cr | ₹504.41 Cr | ₹28.9 Cr |
| Total Debt (computed) | ₹521.86 Cr | ₹529.34 Cr | ₹66.26 Cr |
| Current Liabilities | ₹1,204.58 Cr | ₹1,097.61 Cr | ₹730.04 Cr |
| Total Liabilities | ₹1,582.42 Cr | ₹1,278.14 Cr | ₹998.08 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ₹322.43 Cr | -₹97.41 Cr | ₹85.79 Cr | ₹54.59 Cr |
| Investing Cash Flow | -₹133.44 Cr | -₹578.8 Cr | -₹536.86 Cr | -₹69.48 Cr |
| Financing Cash Flow | -₹51.68 Cr | ₹372.35 Cr | ₹724.39 Cr | -₹52.71 Cr |
| Capital Expenditure | -₹7.31 Cr | ₹219.53 Cr | ₹163.52 Cr | ₹102.18 Cr |
| Free Cash Flow (computed) | ₹315.12 Cr | -₹316.94 Cr | -₹77.73 Cr | -₹47.59 Cr |
| Dividends Paid | ₹48.98 Cr | ₹10.77 Cr | ₹6.38 Cr | ₹2.73 Lakh |
| Net Change in Cash | ₹136.59 Cr | -₹303.71 Cr | ₹273.58 Cr | -₹70.74 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹875.43 Cr | ₹832.06 Cr | ₹799.03 Cr | ₹679.3 Cr | ₹1,005.57 Cr | ₹902.18 Cr | ₹1,056.95 Cr | ₹903.05 Cr | ₹1,052.41 Cr | ₹954.68 Cr | ₹935.45 Cr | ₹910.76 Cr |
| Other Income | ₹11.57 Cr | ₹10.78 Cr | ₹14.44 Cr | ₹11.65 Cr | ₹29.86 Cr | ₹22.48 Cr | ₹10.72 Cr | ₹12.29 Cr | ₹14.67 Cr | ₹14.47 Cr | ₹6.77 Cr | ₹3.89 Cr |
| Total Income | ₹887 Cr | ₹842.84 Cr | ₹813.47 Cr | ₹690.95 Cr | ₹1,035.43 Cr | ₹924.66 Cr | ₹1,067.67 Cr | ₹915.34 Cr | ₹1,067.09 Cr | ₹969.15 Cr | ₹942.22 Cr | ₹914.65 Cr |
| Cost of Materials Consumed | ₹639.84 Cr | ₹643.33 Cr | ₹565.41 Cr | ₹500.33 Cr | ₹769.58 Cr | ₹697.99 Cr | ₹807.83 Cr | ₹689.51 Cr | ₹806.68 Cr | ₹738.69 Cr | ₹679.64 Cr | ₹726.69 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹1.53 Cr | -₹35.62 Cr | ₹24.57 Cr | -₹18.36 Cr | -₹23.75 Cr | -₹10.61 Cr | -₹8.95 Cr | ₹7.25 Cr | ₹79.79 Lakh | ₹8.41 Cr | ₹41.82 Cr | -₹14.65 Cr |
| Employee Benefit Expense | ₹27.84 Cr | ₹30.61 Cr | ₹25.54 Cr | ₹26.32 Cr | ₹28.02 Cr | ₹21.8 Cr | ₹19.78 Cr | ₹17.29 Cr | ₹18.14 Cr | ₹15.07 Cr | ₹17.28 Cr | ₹15.8 Cr |
| Finance Costs | ₹16.88 Cr | ₹17.79 Cr | ₹18.26 Cr | ₹17.84 Cr | ₹22.06 Cr | ₹21.1 Cr | ₹17.47 Cr | ₹12.52 Cr | ₹15.83 Cr | ₹18.23 Cr | ₹20.28 Cr | ₹19.1 Cr |
| Depreciation & Amortisation | ₹14.2 Cr | ₹12.53 Cr | ₹12.42 Cr | ₹11.92 Cr | ₹8.43 Cr | ₹6.36 Cr | ₹7.65 Cr | ₹7.14 Cr | ₹6.99 Cr | ₹6.79 Cr | ₹6.69 Cr | ₹6.63 Cr |
| Other Expenses | ₹108.99 Cr | ₹101.7 Cr | ₹99.88 Cr | ₹95.91 Cr | ₹130 Cr | ₹92.92 Cr | ₹108.88 Cr | ₹87.17 Cr | ₹106.72 Cr | ₹81.84 Cr | ₹81.63 Cr | ₹76.81 Cr |
| Total Expenses | ₹809.28 Cr | ₹770.34 Cr | ₹746.08 Cr | ₹633.96 Cr | ₹934.34 Cr | ₹829.56 Cr | ₹952.66 Cr | ₹820.88 Cr | ₹955.16 Cr | ₹869.04 Cr | ₹847.34 Cr | ₹830.39 Cr |
| Profit Before Exceptional Items & Tax | ₹77.72 Cr | ₹72.5 Cr | ₹67.39 Cr | ₹56.99 Cr | ₹101.09 Cr | ₹95.1 Cr | ₹115.01 Cr | ₹94.46 Cr | ₹111.93 Cr | ₹100.11 Cr | ₹94.89 Cr | ₹84.26 Cr |
| Exceptional Items | ₹1 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹2.21 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹77.73 Cr | ₹72.5 Cr | ₹67.39 Cr | ₹56.99 Cr | ₹101.09 Cr | ₹95.1 Cr | ₹115.01 Cr | ₹94.46 Cr | ₹109.72 Cr | ₹100.11 Cr | ₹94.89 Cr | ₹84.26 Cr |
| Total Tax Expense | ₹21.17 Cr | ₹16.91 Cr | ₹20.27 Cr | ₹14.47 Cr | ₹27.48 Cr | ₹26.16 Cr | ₹29.89 Cr | ₹23.15 Cr | ₹28.58 Cr | ₹25.09 Cr | ₹23.99 Cr | ₹22.48 Cr |
| Net Profit | ₹53.5 Cr | ₹48.15 Cr | ₹37 Cr | ₹30.94 Cr | ₹64.45 Cr | ₹62.77 Cr | ₹80.69 Cr | ₹67.01 Cr | ₹78.95 Cr | ₹74.82 Cr | ₹70.59 Cr | ₹61.78 Cr |
| attributable to Owners | - | - | - | - | - | - | - | ₹0 | ₹78.95 Cr | ₹0 | ₹70.03 Cr | ₹61.78 Cr |
| attributable to NCI | - | - | - | - | - | - | - | ₹0 | ₹0 | ₹0 | - | ₹0 |
| Other Comprehensive Income | -₹2.04 Cr | ₹1.61 Cr | ₹14 Lakh | ₹45 Lakh | -₹1.64 Cr | ₹1.19 Cr | -₹77 Lakh | -₹9 Lakh | -₹25.55 Lakh | ₹2.12 Lakh | -₹56.08 Lakh | ₹1.12 Cr |
| Total Comprehensive Income | ₹51.46 Cr | ₹49.76 Cr | ₹37.14 Cr | ₹31.39 Cr | ₹62.81 Cr | ₹63.96 Cr | ₹79.92 Cr | ₹66.92 Cr | ₹78.69 Cr | ₹74.84 Cr | ₹70.03 Cr | ₹62.89 Cr |
| EBITDA (computed) | ₹108.8 Cr | ₹102.82 Cr | ₹98.07 Cr | ₹86.75 Cr | ₹131.58 Cr | ₹122.56 Cr | ₹140.13 Cr | ₹114.12 Cr | ₹134.75 Cr | ₹125.14 Cr | ₹121.86 Cr | ₹110 Cr |
| Basic EPS | ₹3.83 | ₹3.58 | ₹2.73 | ₹2.34 | ₹4.81 | ₹4.63 | ₹6.01 | ₹4.97 | ₹6.37 | ₹5.84 | ₹5.56 | ₹5.17 |
| Diluted EPS | ₹3.83 | ₹3.58 | ₹2.73 | ₹2.34 | ₹4.80 | ₹4.63 | ₹6.01 | ₹4.97 | ₹6.37 | ₹5.84 | ₹5.56 | ₹5.17 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Freight Rail Systems | ₹685.21 Cr | ₹88.63 Cr | ₹1,566.22 Cr | ₹371.84 Cr |
| Passenger Rail Systems | ₹173.33 Cr | ₹32.85 Cr | ₹1,363.69 Cr | ₹408.62 Cr |
| Shipbuilding | ₹16.89 Cr | -₹5.82 Cr | ₹160.85 Cr | ₹75.24 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Freight Rail Systems | ₹2,604.25 Cr | ₹317.93 Cr | - | - |
| Passenger Rail Systems | ₹539.33 Cr | ₹77.03 Cr | - | - |
| Shipbuilding | ₹42.24 Cr | -₹20.64 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|---|
| Revenue from Operations | ₹3,143.58 Cr | ₹3,865.82 Cr | ₹3,853.3 Cr | ₹1,474.79 Cr |
| Other Income | ₹47.17 Cr | ₹75.25 Cr | ₹45.67 Cr | ₹22.88 Cr |
| Total Income | ₹3,190.75 Cr | ₹3,941.07 Cr | ₹3,898.97 Cr | ₹1,497.68 Cr |
| Cost of Materials Consumed | ₹2,318.21 Cr | ₹2,964.91 Cr | ₹2,951.7 Cr | ₹1,055.01 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹27.88 Cr | -₹36.06 Cr | ₹36.38 Cr | ₹10.32 Cr |
| Employee Benefit Expense | ₹101.84 Cr | ₹85.89 Cr | ₹66.29 Cr | ₹44.67 Cr |
| Finance Costs | ₹70.37 Cr | ₹73.14 Cr | ₹73.45 Cr | ₹55.82 Cr |
| Depreciation & Amortisation | ₹50.22 Cr | ₹29.5 Cr | ₹27.1 Cr | ₹18.38 Cr |
| Other Expenses | ₹382.77 Cr | ₹412.13 Cr | ₹347 Cr | ₹206 Cr |
| Total Expenses | ₹2,895.53 Cr | ₹3,529.51 Cr | ₹3,501.93 Cr | ₹1,390.2 Cr |
| Profit Before Exceptional Items & Tax | ₹295.22 Cr | ₹411.56 Cr | ₹397.05 Cr | ₹107.48 Cr |
| Exceptional Items | -₹57.58 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹237.64 Cr | ₹411.56 Cr | ₹397.05 Cr | ₹107.48 Cr |
| Total Tax Expense | ₹73.73 Cr | ₹108.13 Cr | ₹100.14 Cr | ₹28.07 Cr |
| Net Profit | ₹150.7 Cr | ₹303.43 Cr | ₹296.91 Cr | ₹79.41 Cr |
| Other Comprehensive Income | ₹1.02 Cr | -₹1.47 Cr | ₹6.14 Lakh | ₹5.71 Cr |
| Total Comprehensive Income | ₹151.72 Cr | ₹301.96 Cr | ₹296.97 Cr | ₹85.11 Cr |
| EBITDA (computed) | ₹415.81 Cr | ₹514.2 Cr | ₹497.6 Cr | ₹181.68 Cr |
| Basic EPS | ₹12.17 | ₹22.53 | ₹23.30 | ₹6.65 |
| Diluted EPS | ₹12.16 | ₹22.51 | ₹23.30 | ₹6.65 |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹4,044.39 Cr | ₹3,796.63 Cr | ₹3,226.29 Cr |
| Non-current Assets | ₹1,949.59 Cr | ₹1,625.85 Cr | ₹1,246.12 Cr |
| Current Assets | ₹2,064.39 Cr | ₹2,170.78 Cr | ₹1,980.17 Cr |
| Property, Plant & Equipment | ₹1,072.47 Cr | ₹830.52 Cr | ₹647.67 Cr |
| Inventories | ₹563.33 Cr | ₹523.33 Cr | ₹523.72 Cr |
| Trade Receivables | ₹620.93 Cr | ₹671.09 Cr | ₹532.52 Cr |
| Cash & Equivalents | ₹151.78 Cr | ₹17.36 Cr | ₹326.88 Cr |
| Equity (Net Worth) | ₹2,482.93 Cr | ₹2,519.74 Cr | ₹2,228.21 Cr |
| Equity Share Capital | ₹26.93 Cr | ₹26.93 Cr | ₹26.93 Cr |
| Borrowings (Non-current) | ₹169.95 Cr | ₹24.93 Cr | ₹37.36 Cr |
| Borrowings (Current) | ₹351.91 Cr | ₹504.41 Cr | ₹28.9 Cr |
| Total Debt (computed) | ₹521.86 Cr | ₹529.34 Cr | ₹66.26 Cr |
| Current Liabilities | ₹1,194.55 Cr | ₹1,096.74 Cr | ₹730.04 Cr |
| Total Liabilities | ₹1,561.46 Cr | ₹1,276.89 Cr | ₹998.08 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ₹311.28 Cr | -₹101.19 Cr | ₹92.78 Cr | ₹27.15 Cr |
| Investing Cash Flow | -₹125.88 Cr | -₹580.86 Cr | -₹531.07 Cr | -₹55.26 Cr |
| Financing Cash Flow | -₹50.98 Cr | ₹371 Cr | ₹724.39 Cr | -₹17.51 Cr |
| Capital Expenditure | ₹299.62 Cr | ₹219.59 Cr | ₹163.52 Cr | ₹66.15 Cr |
| Free Cash Flow (computed) | ₹11.66 Cr | -₹320.78 Cr | -₹70.75 Cr | -₹39 Cr |
| Dividends Paid | ₹13.45 Cr | ₹10.77 Cr | ₹6.38 Cr | ₹2.73 Lakh |
| Net Change in Cash | ₹134.42 Cr | -₹311.05 Cr | ₹286.09 Cr | -₹45.61 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹858.54 Cr | ₹822.72 Cr | ₹788.32 Cr | ₹679.3 Cr | ₹1,003.64 Cr | ₹902.18 Cr | ₹1,056.95 Cr | ₹903.05 Cr | ₹1,052.41 Cr | ₹954.68 Cr | ₹935.45 Cr | ₹910.76 Cr |
| Other Income | ₹10.37 Cr | ₹10.71 Cr | ₹14.45 Cr | ₹11.64 Cr | ₹29.76 Cr | ₹22.48 Cr | ₹10.72 Cr | ₹12.29 Cr | ₹14.74 Cr | ₹14.47 Cr | ₹6.77 Cr | ₹9.68 Cr |
| Total Income | ₹868.91 Cr | ₹833.43 Cr | ₹802.77 Cr | ₹690.94 Cr | ₹1,033.4 Cr | ₹924.66 Cr | ₹1,067.67 Cr | ₹915.34 Cr | ₹1,067.16 Cr | ₹969.15 Cr | ₹942.22 Cr | ₹920.44 Cr |
| Cost of Materials Consumed | ₹624.01 Cr | ₹635.11 Cr | ₹559.47 Cr | ₹500.33 Cr | ₹769.58 Cr | ₹697.99 Cr | ₹807.83 Cr | ₹689.51 Cr | ₹806.68 Cr | ₹738.69 Cr | ₹679.64 Cr | ₹726.69 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹1.53 Cr | -₹35.62 Cr | ₹24.57 Cr | -₹18.36 Cr | -₹23.75 Cr | -₹10.61 Cr | -₹8.95 Cr | ₹7.25 Cr | ₹79.79 Lakh | ₹8.41 Cr | ₹41.82 Cr | -₹14.65 Cr |
| Employee Benefit Expense | ₹26.53 Cr | ₹27.74 Cr | ₹23.56 Cr | ₹26.17 Cr | ₹27.02 Cr | ₹21.8 Cr | ₹19.78 Cr | ₹17.29 Cr | ₹18.14 Cr | ₹15.07 Cr | ₹17.28 Cr | ₹15.8 Cr |
| Finance Costs | ₹16.78 Cr | ₹17.49 Cr | ₹18.27 Cr | ₹17.83 Cr | ₹22.05 Cr | ₹21.1 Cr | ₹17.47 Cr | ₹12.52 Cr | ₹15.83 Cr | ₹18.23 Cr | ₹20.28 Cr | ₹19.1 Cr |
| Depreciation & Amortisation | ₹14.1 Cr | ₹12.19 Cr | ₹12.22 Cr | ₹11.92 Cr | ₹8.35 Cr | ₹6.36 Cr | ₹7.65 Cr | ₹7.14 Cr | ₹6.99 Cr | ₹6.79 Cr | ₹6.69 Cr | ₹6.63 Cr |
| Other Expenses | ₹102.66 Cr | ₹96.47 Cr | ₹92.01 Cr | ₹95.91 Cr | ₹123.16 Cr | ₹92.92 Cr | ₹108.88 Cr | ₹87.17 Cr | ₹106.72 Cr | ₹81.84 Cr | ₹81.63 Cr | ₹76.81 Cr |
| Total Expenses | ₹785.61 Cr | ₹753.38 Cr | ₹730.1 Cr | ₹633.8 Cr | ₹926.41 Cr | ₹829.56 Cr | ₹952.66 Cr | ₹820.88 Cr | ₹955.16 Cr | ₹869.04 Cr | ₹847.34 Cr | ₹830.39 Cr |
| Profit Before Exceptional Items & Tax | ₹83.3 Cr | ₹80.05 Cr | ₹72.67 Cr | ₹57.14 Cr | ₹106.99 Cr | ₹95.1 Cr | ₹115.01 Cr | ₹94.46 Cr | ₹112 Cr | ₹100.11 Cr | ₹94.89 Cr | ₹90.05 Cr |
| Exceptional Items | ₹7.2 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹90.5 Cr | ₹80.05 Cr | ₹72.67 Cr | ₹57.14 Cr | ₹106.99 Cr | ₹95.1 Cr | ₹115.01 Cr | ₹94.46 Cr | ₹112 Cr | ₹100.11 Cr | ₹94.89 Cr | ₹90.05 Cr |
| Total Tax Expense | ₹22.48 Cr | ₹17.79 Cr | ₹20.82 Cr | ₹14.39 Cr | ₹28.93 Cr | ₹26.16 Cr | ₹29.89 Cr | ₹23.15 Cr | ₹28.58 Cr | ₹25.09 Cr | ₹23.99 Cr | ₹22.48 Cr |
| Net Profit | ₹68.02 Cr | ₹55.72 Cr | ₹47.29 Cr | ₹42.75 Cr | ₹78.06 Cr | ₹68.94 Cr | ₹85.12 Cr | ₹71.31 Cr | ₹83.41 Cr | ₹75.03 Cr | ₹70.89 Cr | ₹67.57 Cr |
| Other Comprehensive Income | -₹22 Lakh | ₹1.48 Cr | -₹12 Lakh | -₹12 Lakh | -₹1.88 Cr | ₹1.51 Cr | -₹1.08 Cr | -₹2 Lakh | ₹4.45 Lakh | -₹56.92 Lakh | -₹44.01 Lakh | ₹1.03 Cr |
| Total Comprehensive Income | ₹67.8 Cr | ₹57.2 Cr | ₹47.17 Cr | ₹42.63 Cr | ₹76.18 Cr | ₹70.45 Cr | ₹84.04 Cr | ₹71.29 Cr | ₹83.46 Cr | ₹74.46 Cr | ₹70.45 Cr | ₹68.6 Cr |
| EBITDA (computed) | ₹114.18 Cr | ₹109.73 Cr | ₹103.16 Cr | ₹86.89 Cr | ₹137.39 Cr | ₹122.56 Cr | ₹140.13 Cr | ₹114.12 Cr | ₹134.82 Cr | ₹125.14 Cr | ₹121.86 Cr | ₹115.79 Cr |
| Basic EPS | ₹5.05 | ₹4.62 | ₹3.85 | ₹3.17 | ₹5.80 | ₹5.12 | ₹6.32 | ₹5.30 | ₹6.55 | ₹5.83 | ₹5.60 | ₹5.65 |
| Diluted EPS | ₹5.05 | ₹4.62 | ₹3.85 | ₹3.17 | ₹5.80 | ₹5.12 | ₹6.32 | ₹5.30 | ₹6.55 | ₹5.83 | ₹5.60 | ₹5.65 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Freight Rail Systems | ₹685.21 Cr | ₹88.57 Cr | ₹1,566.22 Cr | ₹371.84 Cr |
| Passenger Rail Systems | ₹173.33 Cr | ₹32.63 Cr | ₹1,365.23 Cr | ₹408.18 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Freight Rail Systems | ₹2,604.25 Cr | ₹317.93 Cr | - | - |
| Passenger Rail Systems | ₹539.33 Cr | ₹76.95 Cr | - | - |
Board & Governance of Titagarh Rail Systems Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Titagarh Rail Systems Limited has 12 directors - 6 independent and 5 executive. The board is chaired by JAGDISH PRASAD CHOWDHARY.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| JAGDISH PRASAD CHOWDHARY | Executive Director · Chairperson | 2009-04-24 | 1 |
| UMESH CHOWDHARY | Executive Director · CEO-MD | 1997-07-03 | 1 |
| RASHMI CHOWDHARY | Non-Executive - Non Independent Director | 2014-08-14 | 1 |
| PRITHISH CHOWDHARY | Executive Director | 2021-01-01 | 1 |
| ANIL KUMAR AGARWAL | Executive Director | 2019-05-29 | 1 |
| SAKET KANDOI | Executive Director | 2023-03-17 | 1 |
| NAYANTARA PALCHOUDHURI | Non-Executive - Independent Director | 2020-06-22 | 5 |
| KRISHAN KUMAR JALAN | Non-Executive - Independent Director | 2020-08-13 | 5 |
| SUSHIL KUMAR ROONGTA | Non-Executive - Independent Director | 2021-01-01 | 6 |
| ATUL RAVISHANKER JOSHI | Non-Executive - Independent Director | 2018-01-24 | 1 |
| BONTHA PRASADA RAO | Non-Executive - Independent Director | 2023-09-04 | 4 |
| DEBANJAN MANDAL | Non-Executive - Independent Director | 2023-09-04 | 4 |
| Committee | Members |
|---|---|
| Audit Committee | ATUL RAVISHANKER JOSHI (Chairperson), KRISHAN KUMAR JALAN, BONTHA PRASADA RAO |
| Nomination and remuneration committee | KRISHAN KUMAR JALAN (Chairperson), JAGDISH PRASAD CHOWDHARY, BONTHA PRASADA RAO, SUSHIL KUMAR ROONGTA |
| Stakeholders Relationship Committee | KRISHAN KUMAR JALAN (Chairperson), UMESH CHOWDHARY, NAYANTARA PALCHOUDHURI |
| Risk Management Committee | ATUL RAVISHANKER JOSHI (Chairperson), DEBANJAN MANDAL, SUSHIL KUMAR ROONGTA, PRITHISH CHOWDHARY |
| Corporate Social Responsibility Committee | RASHMI CHOWDHARY (Chairperson), JAGDISH PRASAD CHOWDHARY, NAYANTARA PALCHOUDHURI, KRISHAN KUMAR JALAN |
| MANAGEMENT COMMITTEE | JAGDISH PRASAD CHOWDHARY (Chairperson), UMESH CHOWDHARY, PRITHISH CHOWDHARY, ANIL KUMAR AGARWAL |
| QUALIFIED INSTITUTIONS PLACEMENT COMMITTEE | UMESH CHOWDHARY (Chairperson), ANIL KUMAR AGARWAL, ATUL RAVISHANKER JOSHI |
| FINANCE COMMITTEE | ATUL RAVISHANKER JOSHI (Chairperson), UMESH CHOWDHARY, ANIL KUMAR AGARWAL |
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
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Employee Count & EPFO Data of Titagarh Rail Systems Limited
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GST Compliance of Titagarh Rail Systems Limited
GSTIN & GST Filing Data of Titagarh Rail Systems Limited
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Credit Ratings, Litigation & Regulatory Alerts for Titagarh Rail Systems Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Titagarh Rail Systems Limited
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MSME Payment Delays by Titagarh Rail Systems Limited
MSME Payment Delays by Titagarh Rail Systems Limited
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Subsidiaries & Group Companies of Titagarh Rail Systems Limited
Subsidiaries & Group Companies of Titagarh Rail Systems Limited
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MCA Filings & Documents of Titagarh Rail Systems Limited
MCA Filings & Documents of 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 ₹3,943.1 Cr for FY 2025 (up 1.00% YoY).
The current directors of Titagarh Rail Systems Limited are:
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.