Texmaco Rail & Engineering Ltd
About
Established in 1939, Texmaco Rail & Engineering Ltd. (TEXMACO) is an engineering and infrastructure company, flagship of the Adventz Group. With six manufacturing units covering 6.78 million sq. ft., it specializes in rolling stock, railway electrification, signaling, and steel structures for bridges and power plants.TEXMACO has collaborated with companies from Japan, the USA, the UK, Germany, Australia, Austria, and the Netherlands to expand its product portfolio. It operates joint ventures with Wabtec (USA) and Touax Rail (France) and is the only Indian foundry certified to export railway castings to North America. Strengthened by acquisitions of Kalindee Rail Nirman and Bright Power, the company plays a key role in India's rail and infrastructure sector, serving Indian Railways and industries like cement, steel, and defense while expanding globally.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3587 49.9% | 2393 28.7% | 1860 20.4% | 1545 -20.2% | 1938 0.0% | 1938 56.7% | 1237 -4.3% | 1292 9.2% | 1183 152.5% | 469 -1.1% | 474 -46.2% | 880 8.9% | 808 -17.7% | 982 - | 0 - | 0 - |
| Net Operating Income (INR Cr) | 3503 56.15% | 2243 23.64% | 1814 7.44% | 1689 -7.80% | 1832 -1.42% | 1858 63.69% | 1135 -14.23% | 1324 20.06% | 1102 0.00% | 439 -1.75% | 446 -46.18% | 829 8.08% | 767 -18.23% | 939 0.00% | 0 0.00% | 0 0.00% |
| Profit (INR Cr) | 113 334.9% | 26 27.0% | 21 44.8% | 14 - | -65 - | 75 496.4% | 13 -51.9% | 26 38.7% | 19 38.0% | 14 -19.0% | 17 -82.0% | 94 1.3% | 93 -23.4% | 121 - | 0 - | 0 - |
| Assets (INR Cr) | 3240 31.0% | 2473 14.4% | 2162 5.6% | 2047 3.7% | 1974 2.4% | 1927 20.5% | 1599 9.3% | 1463 2.3% | 1430 41.8% | 1009 43.3% | 704 1.6% | 693 17.4% | 590 8.3% | 545 - | 5 - | 0 - |
| Net Worth (INR Cr) | 2496 84.2% | 1355 1.9% | 1331 16.6% | 1141 11.1% | 1027 -9.8% | 1139 6.3% | 1071 6.6% | 1005 3.1% | 975 0.0% | 885 52.3% | 581 2.1% | 570 14.7% | 497 17.1% | 424 - | 5 0.0% | 0 0.0% |
| Employee Cost (INR Cr) | 139 6.7% | 130 3.2% | 126 7.8% | 117 -8.7% | 128 13.0% | 113 16.2% | 97 1.4% | 96 17.5% | 82 80.4% | 45 3.4% | 44 -0.5% | 44 -1.4% | 45 12.6% | 40 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 133 | 116 | 100 | 103 | 97 | 70 | 61 | 58 | 50 | 12 | 10 | 12 | 14 | 11 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 407 | 153 | 173 | 105 | 84 | 47 | 35 | 51 | 67 | 40 | 14 | 29 | 2 | 3 | 0 | 0 |
| Total Debt (INR Cr) | 631 | 984 | 710 | 779 | 760 | 575 | 522 | 433 | 432 | 107 | 102 | 102 | 71 | 97 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.2% | 1.1% | 1.1% | 0.9% | - | 3.9% | 1.0% | 2.0% | 1.6% | 2.9% | 3.6% | 10.7% | 11.5% | 12.4% | - | - |
| Profit As % Of Assets | 3.5% | 1.1% | 1.0% | 0.7% | - | 3.9% | 0.8% | 1.8% | 1.3% | 1.4% | 2.4% | 13.6% | 15.8% | 22.3% | - | - |
| Profit As % Of Networth | 4.5% | 1.9% | 1.5% | 1.2% | - | 6.6% | 1.2% | 2.6% | 1.9% | 1.6% | 2.9% | 16.6% | 18.7% | 28.6% | - | - |
| Interest Cost to EBITDA % | 50.4% | 79.9% | 71.5% | 86.7% | 970.8% | 41.5% | 95.4% | 78.5% | 99.3% | 61.7% | 56.8% | 9.5% | 10.6% | 6.2% | - | - |
| Debt to Equity Ratio | 0.25 | 0.73 | 0.53 | 0.68 | 0.74 | 0.51 | 0.49 | 0.43 | 0.44 | 0.12 | 0.17 | 0.18 | 0.14 | 0.23 | - | - |
| RONW | 5.0% | 0.9% | 1.0% | 0.3% | - | 6.6% | 1.3% | 1.7% | 0.7% | 0.9% | 1.7% | 17.7% | 20.2% | 56.6% | - | - |
| ROCE | 10.5% | 5.9% | 6.0% | 5.3% | 7.4% | 8.9% | 5.7% | 5.6% | 4.1% | 2.2% | 2.7% | 23.3% | 27.1% | 69.4% | 0.0% | 0.0% |