This railway wagon manufacturer delivered over 236% returns in a year; do you hold it?

Multi-bagger Stocks

by Tanushree Jaiswal Last Updated: Sep 07, 2023 - 05:09 pm 858 Views
Listen icon

An investment of Rs 1 lakh in the shares of this company 1 year ago would have turned to Rs 3.36 lakh today.  

Titagarh Wagon Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 102.1 on 5 May 2022 to Rs 343.6 on 6 May 2023, an increase of 236% in the one-year holding period.  

Recent performance highlights  

In the recent quarter Q3FY23, on a consolidated basis, the company’s net profit increased by 156.63% YoY to Rs 39.92 crore. The company’s net sales increased by 101.98% YoY to Rs 766.40 crore from Rs 379.45 crore. 

The company is currently trading at a PE of 59.2X against the industry PE of 26X. In FY23, the company delivered an ROE and ROCE of -0.05% and 7.67%, respectively. The company is a constituent of Group B stocks and commands a market capitalization of Rs 4,125 crore.

Company Profile 

Titagarh Wagons, incorporated in 1997, is primarily engaged in the manufacturing of railway wagons. It is one of the leading private-sector wagon manufacturers in India. In its initial year, the company started the development of the prototype of BOXN Wagon. Immediately the next year the company was awarded an order from Indian Railway to manufacture BOXN and BCNA-type wagons. In 2000 there was the addition of a new type of wagon i.e., BOBYN.

Growth Drivers 

The company is engaged in the manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, and steel and SG iron castings of moderate to complex configuration. The company also manufactures products for the Indian defence establishment, such as special wagons, shelters, and other engineering equipment. 

Share price movements 

Today, the share of Titagarh Wagon Ltd opened at Rs 344 and has touched a high and low of Rs 346.95 and Rs 343.40, respectively. So far 2,110 shares have been traded on the bourses. 

At the time of writing, the shares of Titagarh Wagon Ltd were trading at Rs 345, an increase of 1% from the previous day’s closing price of Rs 343.60 on BSE. The stock has a 52-week high and low of Rs 358 and Rs 93.35 respectively on BSE.

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Outlook on Copper - 01 December 2023

Copper prices saw a modest 0.33% gain, reaching 722 on Thursday, as worries about a slowdown in Chinese manufacturing loomed large. The November's NBS Manufacturing PMI slipped to 49.4, the second consecutive monthly decline, heightened concerns, emphasizing the need for additional government support to fortify China's economic growth. The NBS Non-Manufacturing PMI at 50.2, reflecting the 11th month of service sector expansion, hinted at a softer pace.

Swing Trading Stocks: Week of 04 December 2023

Swing Trading Stocks for the Week

Weekly Market Outlook for 04 December to 08 December

Our markets started the truncated week on a positive note and it rallied higher throughout the week. The first day of the December month infact witnessed a new record as the Nifty surpassed its previous high and ended in uncharted territory above 20250 with weekly gains of almost two and a half percent.