Titagarh Rail Systems TITAGARH
Railways / Vande Bharat & Metro Rolling Stock: Vande Bharat/metro coaches, EMUs, freight wagons, forged wheels
Mapped in 2 themes: Railways / Vande Bharat & Metro Rolling Stock and Naval Shipbuilding & Defence Shipyards.
Where Titagarh Rail Systems sits in the supply chain
Titagarh Rail Systems appears in 2 supply-chain layers across 2 themes: Railways / Vande Bharat & Metro Rolling Stock and Naval Shipbuilding & Defence Shipyards.
Railways / Vande Bharat & Metro Rolling Stock › Rolling Stock Integration & Coach Fabrication
Direct supplierVande Bharat/metro coaches, EMUs, freight wagons, forged wheels
Other companies in this layer
Naval Shipbuilding & Defence Shipyards › Warship & Submarine Construction (Shipyards)
OwnerOwns Titagarh Naval Systems (Titagarh Shipyard, Kolkata) - Diving Support Craft, Bhishm-class tugboats
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,853 | 3,868 | 3,186 |
| Net profit | 286 | 87 | 123 |
Latest-year revenue ₹3,186 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Railways / Vande Bharat & Metro Rolling Stock
- One of India's few fully integrated coach-wagon-wheel manufacturers, and anchor partner (with Ramkrishna Forgings) in the dedicated 80,000-wheels/yr plant that gives it captive, import-substituting wheel supply
Risks · in Railways / Vande Bharat & Metro Rolling Stock
- Order-book and revenue depend heavily on large, lumpy government tenders
- Faces competitive tendering against other coach/wagon OEMs on price
Common questions
What does Titagarh Rail Systems do?
In Railways / Vande Bharat & Metro Rolling Stock: Vande Bharat/metro coaches, EMUs, freight wagons, forged wheels. NextResearch maps it in 2 supply chains: Railways / Vande Bharat & Metro Rolling Stock and Naval Shipbuilding & Defence Shipyards.
Where does Titagarh Rail Systems sit in the supply chain?
Titagarh Rail Systems (NSE: TITAGARH) is mapped in 2 supply-chain layers: Rolling Stock Integration & Coach Fabrication (Railways / Vande Bharat & Metro Rolling Stock) and Warship & Submarine Construction (Shipyards) (Naval Shipbuilding & Defence Shipyards).
Who are Titagarh Rail Systems' peers?
In the Rolling Stock Integration & Coach Fabrication layer of Railways / Vande Bharat & Metro Rolling Stock: Texmaco Rail & Engineering, BEML and Jupiter Wagons Ltd.
What is Titagarh Rail Systems' market cap and valuation?
As of 30 Oct 2026: market cap ₹8,797 Cr, P/E 45.3x, ROCE 10.9%, ROE 6.8%, dividend yield 0.15%.