Railway stock jumps 4% after receiving ₹187 Cr order from Chhattisgarh Govt.

In Tuesday’s trading session, the shares of one of the leading Railway stock specialised in manufacturing of railway freight cars, locomotives and other related engineering products jumped upto 5 percent after receiving a new work order from Chhattisgarh State Power Transmission Co. Ltd.

Price action

With a market capitalization of 9,151.8 Crores on Tuesday, the shares of Texmaco Rail & Engineering Ltd jumps upto 4.5 percent after making a high of Rs 239.74 compared to its previous closing price of Rs 229.17.

What happened

Texmaco Rail & Engineering Ltd has received a new domestic work order worth Rs 187.41 Crores from Chhattisgarh State Power Transmission Co. Ltd for the construction of nine 132KV transmission lines on a turnkey basis.

The total length of these lines is approximately 291 kilometers and the project is set to be completed over the next 15 months, this order marks an important step in Texmaco’s expansion into the power transmission sector, showcasing its capabilities beyond its traditional focus on railways.

About the company

Texmaco Rail & Engineering Ltd is one of the leading railway stock specialised in manufacturing of freight car, Rail infra, steel foundry, locomotives, and other related engineering products.

The company is known for its significant contribution to India’s railway sector, offering high-quality, reliable products that support the transportation of goods and materials across the country

Texmaco’s product portfolio includes a wide range of railway wagons, coaches, and steel castings, along with providing services such as turnkey project solutions, including railway infrastructure and signaling systems.

It has a strong presence in both domestic and international markets, catering to the growing demand for rail transport solutions. 

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Segment’s Revenue FY23-24

Texmaco Rail & Engineering Ltd segment revenue is distributed across three segments as follows: Freight car division segment revenue grew from Rs. 1,379.7 to Rs. 2,749.9 Crores in FY24-25 and Infra rail & green energy grew from Rs. 661.9 to Rs. 527.2 Crores  in FY24-25 and Infra electrical grew from Rs. 201.54 to Rs. 225.63 Crores  in FY24-25 

Financials 

The company’s revenue rose by 68 percent from Rs 810.41 crore to Rs 1,362.35 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 24.65 crores to Rs 72.86 crore during the same period.

Key Financial ratios

Texmaco Rail & Engineering Ltd  has an Return on Equity (RoE) of  7.78  percent and a Return on Capital Employed (RoCE) of 11.65 percent. Furthermore, the company’s debt-to-equity ratio is 0.35.

Written by Sridhar J

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