Titagarh Rail Systems Ltd Share Price

Capital Goods-Non Electrical Equipment

NSE: TITAGARH Small Cap ISIN: INE615H01020

As on 18 November 2025 at 23:48 IST

₹869.40

-10.45

(-1.19%)

Sell Buy

Titagarh Rail Systems Q1 FY26 Results:

Profit for the period declined 40% to ₹42.8 crores in Q1 FY26, from ₹71.3 crores in Q1 FY25. Total income for the quarter decreased 24.5% year-on-year to ₹690.9 crores from ₹915.3 crores.

About Titagarh Rail Systems Ltd

Titagarh Rail Systems Ltd. is a prominent Indian company that manufactures rolling stock and metro trains. Operating within the railway and defence sectors, TRSL has become a critical player in these industries. The company was founded in 1984, initially as a rolling stock foundry unit. The headquarters of TRSL is in Kolkata, West Bengal. This location helps the company manage its operations in domestic and international markets. Over the years, it has grown significantly, diversifying its product range. The company also produces electric equipment such as traction motors and vehicle control systems. +

Over 1 Month

1.50%

Over 6 Months

-6.10%

Over 1 Year

-19.91%

Over 3 Years

420.16%

Titagarh Rail Systems Ltd Summary

Close ₹879.85

Open ₹869.90

High ₹901.85

Low ₹868.05

Volume 17,95,004

Net Turnover (in Cr) ₹159.33

52Wk High ₹1,370

52Wk Low ₹654.55

52Wk High / Low

654.55

1,370

Titagarh Rail Systems Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹11,849.27

EPS (TTM) 18.10

Book Value (BV) 192.80

Div. Yield 0.11 %

P/E (TTM) 50.02

Price/Book Value 4.57

Delivery % 24.06 %

Face Value 2

Key Ratios

PE Ratio 35.35

PB Ratio 4.26

EV to Sales 2.82

PEG Ratio 16.24

ROA 9.50

ROE 12.78

Debt-Equity 0.17

Net Profit Margin 7.85

Operating Profit Margin 13.30

Titagarh Rail Systems Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	3,943.10	3,893.11	2,822.17	1,485.23	1,545.50
Total Expenses	3,537.44	3,501.93	2,619.35	1,378.24	1,551.07
Profit Before Tax	381.74	388.57	190.10	106.99	-5.58
Profit After Tax	275.06	288.43	134.63	77.80	-18.79
Operating Profit After Depreciation	478.81	464.64	283.57	164.26	75.63

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,065.96	805.77	723.54	1,003.56	888.16
Total Non Current Assets	1,583.11	1,229.60	905.91	1,177.24	1,069.12
Total Current Assets	2,179.18	1,986.81	1,342.16	1,501.67	1,404.58
Total Assets	3,762.29	3,216.41	2,248.07	2,678.91	2,473.70
Total Shareholder's Fund	2,482.98	2,218.33	963.55	842.13	840.55

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	-97.41	85.79	40.92	54.59	67.69
Net Cash Used In Investing Activities	-578.65	-536.60	-61	-72.62	-60.19
Net Cash Used In Financing Activities	372.35	724.39	66.53	-52.71	43.22

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	3,941.07	3,898.97	2,824.51	1,513.57	1,037.16
Total Expenses	3,529.51	3,501.92	2,619.47	1,402.81	977.02
Profit Before Tax	411.56	397.05	158.77	62.74	64.49
Profit After Tax	303.43	296.91	103.37	33.49	50.28
Operating Profit After Depreciation	484.70	470.50	285.79	168.03	114.92

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,066.57	806.95	723.57	669.98	567.22
Total Non Current Assets	1,625.85	1,246.11	920.53	844.52	820.17
Total Current Assets	2,170.78	1,980.18	1,105.90	840.48	597.60
Total Assets	3,796.63	3,226.29	2,026.43	1,684.99	1,417.77
Total Shareholder's Fund	2,519.74	2,228.22	962.92	869.76	871.65

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	-101.18	92.80	61.97	34.94	225.70
Net Cash Used In Investing Activities	-580.87	-531.08	-77.47	-58.62	-38.95
Net Cash Used In Financing Activities	372.52	724.38	49.96	-22.05	-146.92

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	799.03	679.30	1,005.57	902.18	1,056.95
Total Expenses	725.52	615.78	913.01	808.68	931.97
Profit Before Tax	57.28	45.41	91.93	88.93	110.58
Profit After Tax	37	30.94	64.45	62.77	80.69
Operating Profit after Depreciation	87.95	75.17	122.42	116.39	135.70

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	788.32	674	1,003.64	902.18	1,048.58
Total Expenses	704.17	599.01	896.01	802.11	919.15
Profit Before Tax	68.11	57.09	106.99	95.10	115.21
Profit After Tax	47.29	42.75	78.06	68.94	85.12
Operating Profit after Depreciation	98.60	86.63	137.39	122.55	140.15

Titagarh Rail Systems Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 864.65

S2 849.45

S3 830.85

Pivot 883.25

R1 898.45

R2 917.05

R3 932.25

Moving Average

20 SMA 877.59

50 SMA 891.35

100 SMA 888.39

200 SMA 855.08

Titagarh Rail Systems Ltd Corporate Actions

Titagarh Rail Systems Ltd

₹1.0/Share

Announcement Date 08 Sep 2025

Record Date 09 Sep 2025

Div Yield 50%

AGM Date: 30 Dec 2020

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR'), we wish to inform you that: (i) The 23rd Annual General Meeting (AGM) of the members of the Company will be held on Wednesday, 30th December, 2020. (ii) Register of Members and Share Transfer Books of the Company will remain closed from 24th December, 2020 to 30th December, 2020 (both days inclusive) for the purpose of AGM. (iii) The Cut-off date for reckoning the voting rights of the members for remote e-voting and voting at the AGM is Wednesday, 23rd December, 2020. (iv) The Company has appointed National Securities Depository Limited (NSDL) for providing remote e-voting facility. Further, pursuant to Regulation 34 of the LODR, we submit herewith Notice of 23rd Annual General Meeting of the Company, along with Annual Report 2019-20, as dispatched to the Members of the Company through permitted modes. Please take the above on record. The 23rd Annual General Meeting (AGM) of the Company was held on Wednesday, the 30'' day of December, 2020 and the businesses as mentioned In the Notice dated 11i' November, 2020 was transacted. Please find enclosed summary of the proceedings of AGM as required under Regulation 30(6), Part A of Schedule Ill of LODR. Please take the above information on record (As per BSE Announcement Dated on 30/12/2020) Pursuant to Regulation 44(3) of LODR, we enclose herewith the voting results and Scrutinizer''s Report in respect of the business conducted at the 23rd Annual General Meeting of the Company held on Wednesday, the 30th day of December, 2020. Please take the same on records. Titagarh Wagons Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here (As per BSE Announcement Dated on 31/12/2020)

AGM Date: 27 Sep 2021

AGM 27/09/2021 Madam/Sir, The 24th Annual General Meeting (AGM) of the Company was held on Monday, the 27th day of September, 2021 and the businesses as mentioned in the Notice dated 10th August, 2021 was transacted. Please find enclosed summary of the proceedings of AGM as required under Regulation 30(6), Part A of Schedule Ill of LODR. Please take the above information on record. (As per BSE Announcement Dated on 27/09/2021) Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of Titagarh Wagons Limited ('the Company') will remain closed from Tuesday, the 21st day of September, 2021 to Monday, the 27th day of September, 2021 (both days inclusive) for taking Record of the Members of the Company for the purpose of the 24th Annual General Meeting (AGM) scheduled on Monday, the 27th day of September, 2021. Madam/Sir Re: Submission of voting results under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we enclose herewith the voting results and Scrutinizers Report in respect of the business conducted at the 24th Annual General Meeting of the Company held on Monday the 27th day of September 2021. All the resolutions have been approved by members with requisite majority. Voting results along with Scrutinizers Report can also be accessed on the Companys website at www.titagarh.in. Please take the above on record. (As Per BSE Announcement Dated on 9/28/2021 7:42:33 AM) Pursuant to Regulation 44(3) of LODR we enclose herewith the voting results and Scrutinizers Report in respect of the business conducted at the 24th Annual General Meeting of Titagarh Wagons Limited (the Company) held on Monday the 27th day of September 2021 through video conferencing (VC) / other audio visual means (OAVM). The aforesaid voting results along with Scrutinizers Report were earlier submitted by the Company to your Exchange on 28th September 2021 however inadvertently Yes was mentioned in place of No in the field viz. Whether promoter/ promoter group are interested in the agenda/resolution? in all the resolutions shown under the voting results submitted under PDF format. In view of the above we are re-submitting the subject voting results along with Scrutinizers Report. Kindly note that apart from the correction of the aforesaid inadvertent typographical error there is no other changes in the voting results enclosed herewith. (As Per BSE Announcement Dated on 9/29/2021 6:35:11 AM)

AGM Date: 15 Sep 2022

AGM 15/09/2022 We hereby inform you that the 25th Annual General Meeting (''AGM'') of Titagarh Wagons Limited (''the Company'') will be held through video conferencing/other audio visual means on Thursday, the 15th September, 2022 at 10:30 A.M. (I.S.T.), we wish to inform you that: (i) Register of Members and Share Transfer Books of the Company will remain closed from Friday, 9th September, 2022 to Thursday, 15th September, 2022 (both days inclusive) for the purpose of AGM. (ii) The Cut-off date for reckoning the voting rights of the members for remote e-voting and voting at the AGM is Thursday, 8th September, 2022. (iii) The Company has appointed National Securities Depository Limited (NSDL) for providing e-voting facility. Further, pursuant to Regulation 34 of the LODR, we submit herewith Notice of 25th Annual General Meeting of the Company, along with Annual Report 2021-22. (As Per BSE Announcement Dated on 24.08.2022) The 25th Annual General Meeting (AGM) of Titagarh Wagons Limited (the 'Company') was held on Thursday, the 15th day of September, 2022 at 10:30 A.M through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM') and the businesses as mentioned in the Notice dated 13th August, 2022 was transacted. Please find enclosed summary of the proceedings of AGM as required under Regulation 30(6) read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please take the above information on record. (As Per BSE Announcement dated on 16.09.2022) Pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the voting results and Scrutinizer''s Report in respect of the businesses conducted at the 25th Annual General Meeting of Titagarh Wagons Limited ('the Company') held on Thursday, the 15th day of September, 2022 through video conferencing (VC) / other audio visual means (OAVM). All the resolutions have been approved by members with requisite majority. The voting results along with Scrutinizer''s Report can also be accessed on the Company''s website at www.titagarh.in. (As Per BSE Announcement Dated on 17.09.2022)

AGM Date: 29 Sep 2023

AGM 29/09/2023 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we enclose herewith the summary of proceedings of the 26th Annual General Meeting of the Company held today, 29th September, 2023 through Video Conferencing/ Other Audio Visual Means. In furtherance to our letter dated 29th September, 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, we wish to inform you that at the 26th Annual General Meeting, the members have approved alteration of Articles of Associations of the Company (As Per BSE Announcement dated on 29.09.2023)

AGM Date: 27 Aug 2024

We hereby enclose, copies of the newspaper advertisement published today i.e. 4th August, 2024, regarding the completion of dispatch of notice of the 27th Annual General Meeting Proceedings of the 27th Annual General Meeting of the Company held today i.e. 27th August 2024 through Video Conferencing. (As per BSE Announcement Dated on 27/08/2024) Revised Summary of Proceedings of 27th Annual General Meeting (AGM) of the Company. (As per BSE Announcement Dated on 28/08/2024) Submission of Voting Results and Scrutinizer''s Report of the 27th Annual General Meeting (AGM) of the Company held on August 27, 2024 through video conferencing. (As Per BSE Announcement Dated on 29.08.2024)

AGM Date: 15 Sep 2025

Decided to convene the 28 th Annual General Meeting (AGM) on Monday, 15 th September 2025 at 11.30 AM (IST) through VC/OAVM, notice of which we will be circulated within statutory timelines. We enclose herewith the Summary of Proceedings of the 28th Annual General Meeting of the Company held on 15th September, 2025 (As per BSE Announcement dated on: 15.09.2025)

EGM Date: 10 May 2022

We write to inform you the following: By an order dated 16th March, 2022, the Hon''ble National Company Law Tribunal, Kolkata Bench ('NCLT') has directed meetings to be held of the equity shareholders, secured creditors and unsecured creditors of the Company. In pursuance of the NCLT Order and as directed therein and in compliance with the applicable provisions of the Companies Act, 2013 ('the Act') and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), further notice is hereby given that meetings of the equity shareholders, secured creditors and unsecured creditors of the Company will be held through video conferencing ('VC') / other audio visual means ('OAVM') in the attached letter. We request you to take the above on record and disseminate the above intimation on your website. Madam/Sir, Further to our letter dated 8th April, 2022 submitted to your office and pursuant to Regulation 30 and 47 of SEBI (LODR) Regulations, 2015, we enclose herewith copies of the newspaper advertisement(s) published in 'Financial Express' (English version) (all India) and 'Aajkaal' (Bengali version) on 10th April, 2022 regarding completion of dispatch the notices of meetings of equity shareholders, secured creditors and unsecured creditors of Titagarh Wagons Limited ('the Company'), scheduled on Tuesday, the 10th day of May, 2022, convened as directed by the Hon'ble National Company Law Tribunal, Kolkata bench, by its Order dated 16th March, 2022 in connection with the Scheme of Amalgamation of Titagarh Bridges and International Private Limited with the Company. We would request you to please take the above on record. We refer to the Company's letter dated 8th April, 2022 earlier submitted to your Exchange regarding the meetings of the equity shareholders, secured creditors and unsecured creditors of Titagarh Wagons Limited ('the Company') scheduled on 10th May, 2022. We write to inform you that the day of the meetings were inadvertently mentioned in the said letter as 'Friday, 10th May, 2022' in place of 'Tuesday, 10th May, 2022'. While we regret the said inadvertent error, we hereby inform that the other content and enclosure submitted with the said letter shall remain unchanged. Please take the above on record. We refer to the meeting(s) of the Equity Shareholders, Secured Creditors and Unsecured Creditors of Titagarh Wagons Limited ('the Company') held on Tuesday, the 10th day of May, 2022 at 12 Noon, 1:00 P.M. and 1:30 P.M. respectively, through video conference/ other audio visual means, in compliance with the directions issued by the Hon''ble National Company Law Tribunal, Kolkata Bench ('NCLT') by its Order dated 16th March, 2022, and enclose herewith the Scrutinizer's Report on e-voting (remote e-voting and e-voting at the meetings) conducted for the said meeting(s). We also submit herewith the voting results in respect of meeting of the Equity Shareholders of the Company held on 10th May, 2022 at 12 Noon in the format prescribed under Regulation 44(3) of SEBI LODR Regulations, 2015. You are requested to take the same on record and disseminate on your website. The voting results along with Scrutinizer''s Reports can also be accessed on the Company''s website at www.titagarh.in. We wish to inform you that the meeting(s) of the Equity Shareholders, Secured Creditors and Unsecured Creditors of Titagarh Wagons Limited ('the Company') were held on Tuesday, the 10th day of May, 2022 at 12 Noon, 1:00 P.M. and 1:30 P.M. respectively, through video conference/ other audio visual means, in compliance with the directions issued by the Hon''ble National Company Law Tribunal, Kolkata Bench ('NCLT') by its Order dated 16th March, 2022. Mr. Soumitra Lahiri, appointed Chairman by the NCLT chaired the meetings, pursuant to the said Order. The Resolution as set out in the Notice dated 7th April, 2022 viz. Scheme of Amalgamation of Titagarh Bridges and International Private Limited ('Transferor Company') with Titagarh Wagons Limited ('Transferee Company') was transacted at the said meetings duly held, and voting took place through remote e-voting as well as through electronic means in accordance with the applicable provisions of the Companies Act, 2013 -------------- (As per BSE Announcement Dated on 12/5/2022) Titagarh Wagons Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 13.05.2022)

EGM Date: 04 Jul 2023

Further to our letter dated 10th June, 2023 and pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations & SEBI Circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015, we hereby submit the Notice of Extra-Ordinary General Meeting dated 10th June, 2023, of the Company, scheduled to be held on Tuesday, 4th July, 2023 at 11.00 A.M. through Video Conferencing (VC) or Other Audio Visual Means (OAVM) for seeking necessary approval of the members for issuance of up to 76,00,000 Equity Shares of face value Rs. 2/- each, on a preferential basis for cash at a price of Rs. 380/- per Share aggregating upto Rs. 288,80,00,000/- , including premium of Rs. 378/- per Equity Share to SMALLCAP WORLD FUND INC., to be passed through the mode of remote e-voting and e-voting at the EGM through electronic voting system. In continuation of our letter dated June 19, 2023, we are submitting herewith the Second Corrigendum to the Notice of Extra-Ordinary General Meeting ('EGM') scheduled to be held on Tuesday, July 04, 2023 at 11.00 A.M. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The EGM Notice was amended pursuant to the Corrigendum dated June 17, 2023 issued by the Company on June 19, 2023 ('First Corrigendum'). Copy of the said Second Corrigendum to the EGM Notice is also uploaded on the website of the Company at www.titagarh.in. (As per BSE Announcement Dated on 24/06/2023) In continuation to our letters dated June 19 and June 23, 2023, we are submitting herewith the Third Corrigendum to the Notice of Extra-Ordinary General Meeting (EGM) scheduled to be held on 4th July, 2023 at 11.00 A.M. through VC/AOVM. The EGM Notice was amended pursuant to First Corrigendum and Second Corrigendum. (As Per BSE Announcement Dated on 01.07.2023) Further to our letter dated 1st July, 2023 and in terms of the provisions of Regulation 30 and 47 read with part A of Schedule III of the SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015, please find enclosed herewith copies of the newspaper advertisements of Third Corrigendum to notice of Extra-Ordinary General Meeting published today, i.e. , 2nd July, 2023 in the following newspapers : 1. Financial Express (English) 2. Dainik Statesman (Bengali). The Advertisement is also available on the website of the company at www.titagarh.in. Kindly take the above information on record. (As Per BSE Announcement Dated on 02.07.2023) Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 we enclose herewith the summary of the proceedings of the Extra-Ordinary General Meeting of the company held today, the 4th of July, 2023 through Video Conferencing / Other Audio Visual Means. Kindly take the same on record (As Per BSE Announcement dated on 04.07.2023) Further to our letter dated July 04, 2023. Please find enclosed herewith: (1) Voting Results as required under Regulation 44 of the SEBI (Listing Obligation Disclosure Requirements) Regulations, 2015 as Annexure-1 . (2) Report of the Scrutinizer dated 5th July, 2023, pursuant of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 as Annexure-2. (As per BSE Announcement Dated on 05/07/2023)

EGM Date: 02 Dec 2023

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby enclose the Notice dated 8th November, 2023, convening Extra-Ordinary General Meeting (EGM) of the shareholders of the Company, to be held on Saturday, 2nd December, 2023 at 11:00AM through Video Conferencing or Other Audio Visual Means(VC/OAVM), seeking approval of the Members, in respect of the Resolution set out in the EGM Notice. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the summary of proceedings of the Extra-Ordinary General Meeting of the Company held today, the 2nd of December, 2023 through video conferencing/ Other Audio Visual Means. Further to our letter dated December 02, 2023. Please find enclosed herewith: (1) Voting Results as required under Regulation 44 of the SEBI (Listing Obligations Disclosure Requirement) Regulations, 2015 as Annexure -1. (2) Report of the Scrutinizer dated 2nd December 2023, pursuant to section 108 of the Companies Act, 2013 and Rule 20 of the Companies( Management and Administration) Rules, 2014 as Annexure-2. (As Per BSE Announcement Dated on 02.12.2023) Outcome of the Qualified Institutions Placement Committee meeting held today i.e. 7th December, 2023 (As Per BSE Announcement Dated on 07/12/2023)

EGM Date: 06 Aug 2025

The Extra Ordinary General Meeting ('EGM') of the Company will be held on August 06, 2025 at 04:00 P.M. at the registered office of the Company situated at ALTF 101, TR-442, Ohla - 4th Floor, 101, NH-19, CRRI, Ishwar Nagar, Okhla, Tugalkabad, South Delhi, Delhi 110044.

EGM Date: 08 Aug 2025

Convening of Extra-Ordinary General Meeting (EGM) of the shareholders of the Company on Friday, 8th August, 2025, through video conferencing or other audio-visual means, for seeking necessary approval of the Members for the aforesaid matter. Notice of the Extra-Ordinary General Meeting of the Company to be held on Friday, 8th August 2025 at 11.30 a.m. (As Per BSE Announcement Dated on :16.07.2025) We enclose Newspaper Advertisement for Notice of Extra-Ordinary General Meeting, information on E-voting and Cut-off Date. (As Per BSE Announcement Dated on :17.07.2025) Corrigendum to Notice of Extra-Ordinary General Meeting scheduled on Friday, 8th August 2025. (As Per BSE Announcement Dated on: 30/07/2025) Proceedings of the Extra-Ordinary General Meeting held on Friday, 8th August 2025 (As Per BSE Announcement Dated on:08.08.2025) Please find enclosed the Scrutinisers report and voting results for the Extra-Ordinary General Meeting held on 8th August 2025 (As Per BSE Announcement Dated on: 09/08/2025)

Titagarh Rail Systems Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
Cummins India Ltd	₹4,381.40	₹1,21,452.41
Tube Investments of India Ltd	₹3,091.80	₹59,829.07
APL Apollo Tubes Ltd	₹1,778	₹49,363.69
Welspun Corp Ltd	₹906.40	₹23,893.33
Jyoti CNC Automation Ltd	₹971.60	₹22,096.43

Titagarh Rail Systems Ltd Top Mutal Funds Invested

Fund Name	AUM
HSBC Infrastructure Fund	1.71%
ITI Small Cap Fund	1.07%
HSBC Small Cap Fund	0.87%
Edelweiss Small Cap Fund	0.62%
HSBC Aggressive Hybrid Fund	0.45%

Titagarh Rail Systems Ltd News

Titagarh Rail Systems slumps after Q2 PAT drops 54% YoY to Rs 37 cr

Titagarh Rail Systems tumbled 9.50% to Rs 780 after the company reported 54.26% decline in consolidated net profit to Rs 36.90 crore in Q2 FY26 as against Rs 80.69 crore posted in Q2 FY25.

14 Nov 2025, 09:48 am

Titagarh Rail Systems to convene board meeting

On 13 November 2025

06 Nov 2025, 04:51 pm

Titagarh Rail Systems allots 21.11 lakh convertible warrants

On preferential basis

04 Nov 2025, 02:23 pm

Titagarh Rail bags LoA worth Rs 91 crore order from Banaras Locomotive Works

Titagarh Rail Systems said that it has received a letter of acceptance (LoA) for a Rs 91.12 crore order for the shell assembly for locomotives from the Banaras Locomotive Works.

25 Aug 2025, 10:10 am

Titagarh Rail bags vessel construction contract from Garden Reach Shipbuilders

Titagarh Rail Systems said that it has secured a letter of intent (LOI) from Garden Reach Shipbuilders & Engineers for ship construction of two vessels.

22 Aug 2025, 09:39 am

Titagarh Rail Systems Ltd Stock Analysis

Annual revenue for Titagarh Rail Systems Ltd increased by 1.08% to ₹3,941.07 crore in FY 2025 from ₹3,898.97 crore in FY 2024.
Annual Net Profit for Titagarh Rail Systems Ltd increased by 2.20% to ₹303.43 crore in FY 2025 from ₹296.91 crore in FY 2024.
Promoter Shareholding in Titagarh Rail Systems Ltd remains unchanged by 0.00% in the most recent quarter, from 40.46% in June 2025 to 40.46% in September 2025.
Titagarh Rail Systems Ltd delivered a 1-year return of -19.91% compared to the Nifty 50, which provided a return of 10.91% as of the last trading session.
Titagarh Rail Systems Ltd share price moved down by 1.19% from its previous close of INR ₹879.85. The latest Titagarh Rail Systems Ltd share price is INR ₹869.40.
Titagarh Rail Systems Ltd share price today has been at a low of 867 and a high of 883.90. Over the past 52 weeks, the Titagarh Rail Systems Ltd share price has seen a low of 654.55 and a high of 1,370.

About Titagarh Rail Systems Ltd

Titagarh Rail Systems Ltd. (TRSL) is a prominent Indian company that manufactures rolling stock, passenger coaches, and metro trains. The company also produces electric equipment such as traction motors and vehicle control systems. TRSL has expanded its operations to include shipbuilding and defence equipment. This showcases its diverse engineering capabilities.
Operating within the railway and defence sectors, TRSL has become a critical player in these industries. The company was founded in 1984, initially as a rolling stock foundry unit. Over the years, it has grown significantly, diversifying its product range and expanding its market reach.
The headquarters of TRSL is located in Kolkata, West Bengal. This location helps the company manage its operations in domestic and international markets. It also strengthens its position in the global market.
The promoters of TRSL include Titagarh Capital Management Services Private Limited at 17.87% shares. It also has the Chowdhary family, with Jagadish Prasad Chowdhary serving as the Chairman with 13.52% shares. The company has a team of professional managerial promoters who are

Umesh Chowdhary
Prithish Chowdhary
Anil Kumar Agarwal
Saket Kandoi

TRSL’s main products include various rolling stock, including freight wagons, passenger coaches, metro trains, and electric propulsion equipment. The company also manufactures specialised heavy engineering equipment for the defence sector. These include mobile shelters and metallic canisters.
While TRSL is a significant player in the railway manufacturing sector, it has yet to be the #1 stock in its sector. However, it holds a strong market position and is recognised for its quality products and innovative solutions. The company’s market share and cap reflect its stable and growing presence in the industry.
The registered office of TRSL is in Kolkata, West Bengal, and the registrar's office is in R N Mukherjee Road, Kolkata. Titagarh Rail Systems Limited has made significant strides in the railway and defence sectors. Its diverse product range, strong leadership, and commitment to innovation and quality drive it.

Importance of Titagarh Rail Systems Limited

Titagarh Rail Systems Ltd. (TRSL) plays a crucial role in India’s railway and defence sectors. It contributes significantly to the country’s infrastructure and technological advancements. Established in 1984, the company started as a small rolling stock foundry unit. Now, it is one of the significant freight wagons and defence equipment manufacturers. This growth underscores the company’s importance in multiple sectors.
The railway sector in India is vast and complex, requiring a steady supply of high-quality rolling stock to maintain and expand its operations. TRSL meets this demand by producing a wide range of products, including freight wagons and passenger coaches. These products are essential for efficiently transporting goods and passengers across the country. Its ability to deliver reliable and durable rolling stock ensures that the Indian Railways can operate smoothly. It also focuses on meeting the increasing demands of a growing population.
In addition to traditional rolling stock, TRSL has made significant strides in producing metro trains. Urbanisation in India has led to the rapid expansion of metro networks in major cities. TRSL’s metro trains are designed to meet the specific needs of urban transportation. It provides a safe and environmentally friendly mode of transport. The company’s involvement in metro projects helps reduce traffic congestion and pollution in urban areas. This leads to improving the quality of life for millions of city dwellers.
TRSL’s importance extends beyond the railway sector. The company is also a key player in the defence industry. Manufacturing specialised heavy engineering equipment such as mobile shelters and metallic canisters. These products are vital for the defence sector, providing essential support for military operations. TRSL's skills in engineering and manufacturing guarantee high-quality equipment for the defence sector. This expertise ensures that defence organisations have reliable tools for their operations, enhancing the country’s defence capabilities.
Innovation is at the heart of TRSL’s operations. The company continuously invests in research and development to improve its products. This focus on innovation has led to the development of advanced rolling stock that meets the highest standards of quality and safety. TRSL’s commitment to innovation ensures that it remains competitive in the global market. It also focuses on meeting the evolving needs of its customers.
Sustainability is another crucial aspect of TRSL’s operations. The company is committed to reducing its environmental impact through various initiatives. TRSL has adopted energy-efficient manufacturing processes. It also uses eco-friendly materials in its products. These efforts align with global sustainability goals. They also show the company’s commitment to environmental stewardship. TRSL’s sustainable practices benefit the environment and enhance its reputation as a responsible corporate citizen.
TRSL’s contributions to community development are noteworthy. The company undertakes various corporate social responsibility (CSR) initiatives aimed at improving the quality of life for local communities. These include educational programs, healthcare services, and infrastructure development. TRSL’s efforts in these areas help uplift the socio-economic status of the communities around its operations, demonstrating its commitment to social responsibility.
The company’s governance and management practices have played a crucial role in its success. TRSL is managed by experienced professionals who bring in-depth industry knowledge and expertise. The company’s transparent and ethical business practices have earned it the trust of its stakeholders, including customers, employees, and investors. This trust has been vital to TRSL’s sustained growth and success.