Titagarh Rail Systems Ltd
About
Titagarh Rail Systems specialises in providing transportation and mobility solutions in India and Italy. It was established in 1987 as a rolling stock foundry and built its first railway freight wagon in 1997. Through manufacturing facilities situated in both India and Italy, the company manufactures semi-high-speed trains, passenger coaches, urban metros, propulsion equipment, and a variety of wagons. Titagarh’s portfolio, thus, includes traction motors, vehicle control systems, grain hoppers, container flats, and clinker, cement, and tank wagons. The company has entered a consortium with Bharat Heavy Electricals Limited (BHEL) to manufacture and maintain 80 Vande Bharat train sets, while its consortium with Ramkrishna Forgings Limited (RKFL) is concerned with the supply of 1,540,000 wheels over 20 years under the Atma-Nirbhar Bharat scheme.
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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) | 3857 35.9% | 2838 92.4% | 1475 -7.7% | 1598 -13.2% | 1841 11.2% | 1656 34.3% | 1233 -21.9% | 1578 57.2% | 1004 41.5% | 709 4.3% | 680 -21.2% | 862 -5.5% | 912 16.6% | 783 38.5% | 565 -20.1% | 707 - |
| Net Operating Income (INR Cr) | 3853 38.63% | 2780 89.41% | 1468 -3.49% | 1521 -13.91% | 1766 13.28% | 1559 22.95% | 1268 -25.99% | 1714 78.65% | 959 26.02% | 761 21.95% | 624 -20.22% | 782 -12.19% | 891 22.99% | 724 30.71% | 554 -19.20% | 686 23.62% |
| Profit (INR Cr) | 286 119.8% | 130 - | 0 - | -15 - | -34 - | -29 - | -144 - | 27 - | -20 - | -3 - | -9 - | 24 -71.7% | 83 16.7% | 71 18.5% | 60 -6.1% | 64 - |
| Assets (INR Cr) | 2510 86.1% | 1349 -23.6% | 1765 -5.4% | 1866 8.3% | 1723 -4.6% | 1806 13.6% | 1591 9.1% | 1458 3.0% | 1415 64.9% | 858 4.9% | 817 -2.0% | 834 -1.4% | 846 15.1% | 735 20.0% | 612 52.0% | 403 - |
| Net Worth (INR Cr) | 2218 130.2% | 964 14.4% | 842 0.2% | 841 9.7% | 767 -6.1% | 816 -4.5% | 855 -11.7% | 968 1.6% | 953 64.2% | 580 -4.0% | 605 -2.0% | 617 2.3% | 603 18.9% | 507 14.8% | 442 13.0% | 391 19.8% |
| Employee Cost (INR Cr) | 66 17.3% | 57 24.5% | 45 -78.4% | 211 38.7% | 152 -13.8% | 176 -26.4% | 239 12.8% | 212 26.2% | 168 128.8% | 74 -16.0% | 88 19.8% | 73 51.0% | 48 28.5% | 38 133.8% | 16 47.9% | 11 - |
| Interest Cost (INR Cr) | 73 | 81 | 57 | 81 | 88 | 65 | 44 | 31 | 17 | 18 | 14 | 22 | 16 | 9 | 11 | 9 |
| Cash & Bank Balance (INR Cr) | 609 | 100 | 42 | 124 | 56 | 119 | 74 | 46 | 204 | 147 | 139 | 102 | 223 | 98 | 115 | 98 |
| Total Debt (INR Cr) | 166 | 353 | 920 | 847 | 730 | 896 | 624 | 372 | 233 | 125 | 128 | 128 | 148 | 134 | 158 | 12 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.4% | 4.6% | - | - | - | - | - | 1.7% | - | - | - | 2.7% | 9.1% | 9.1% | 10.7% | 9.1% |
| Profit As % Of Assets | 11.4% | 9.7% | - | - | - | - | - | 1.8% | - | - | - | 2.8% | 9.8% | 9.7% | 9.8% | 15.9% |
| Profit As % Of Networth | 12.9% | 13.5% | - | - | - | - | - | 2.8% | - | - | - | 3.8% | 13.8% | 14.1% | 13.6% | 16.4% |
| Interest Cost to EBITDA % | 16.4% | 33.4% | 66.3% | 100.7% | 330.2% | - | - | 30.3% | 181.2% | 145.8% | - | 48.4% | 12.7% | 8.3% | 12.2% | 10.3% |
| Debt to Equity Ratio | 0.07 | 0.37 | 1.09 | 1.01 | 0.95 | 1.10 | 0.73 | 0.38 | 0.24 | 0.22 | 0.21 | 0.21 | 0.25 | 0.26 | 0.36 | 0.03 |
| RONW | 18.0% | 13.9% | - | - | - | - | - | 2.9% | - | - | - | 3.5% | 14.5% | 15.0% | 14.4% | 17.9% |
| ROCE | 23.8% | 16.8% | 8.9% | 4.3% | 1.9% | 1.1% | -8.5% | 6.0% | 2.5% | 5.8% | 2.4% | 7.5% | 19.4% | 19.1% | 20.8% | 27.2% |