Titagarh Rail Systems Ltd

About Titagarh Rail Systems Share Price 

Titagarh Rail Systems Ltd, previously known as Titagarh Wagons Limited, is a famous company functioning within the railways and infrastructure marketplace, incorporated in the year 1997. The company is involved with the provision of a complete product and services portfolio, which includes the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, and bridges. Titagarh Rail Systems is bipartisan: it has its presence in both the infrastructure and transportation sectors in both domestic and international markets. The Titagarh Rail Systems share price and detailed financials can be viewed from the investors' corner on the homepage of the National Stock Exchange. Before investing, one must keep a track of Titagarh share price constantly. 

History of Titagarh Rail Systems

Incorporated in 1997, over the years, Titagarh Rail Systems had substantial development. The company, much focused on freight wagons, went on to diversify into passenger rolling stock, metro trains, and advanced infrastructure solutions. For the last couple of years, the company has seen substantive growth coming its way through capacity up-gradation and strategic acquisitions. Of late, notable events include its merger with an Italian firm, Titagarh Firema S.p.A., in 2018 and the acquisition of Precision Shipyard in Falta, West Bengal, which has helped it set up its shipbuilding capability.

Business Segments of Titagarh Rail Systems

The key business segments in which Titagarh Rail Systems operates are:

• Freight Rolling Stock: It includes wagons, loco shells, bogies, couplers, and components thereof. This is the core business area for the company and contributes quite a substantial amount to the revenues.
• Passenger Rolling Stock: The company focuses on designing and manufacturing metro trains, passenger coaches, electric multiple units, train sets, and monorails. This segment also involves the manufacture of propulsion equipment and traction motors.
• Shipbuilding, Bridges & Defence: Titagarh Rail Systems designs and constructs warships, passenger vessels, tugs, and other specialized vessels. We are also into providing modular bridging solutions and equipment for the Indian Defence Sector.

Subsidiaries & Joint Ventures of Titagarh Rail Systems 

Titagarh Rail Systems has several subsidiaries and joint ventures that enhance its capabilities and market reach:

• Titagarh Bridges and International Pvt Ltd: Incorporated as a joint venture with Matiere SAS, France, amalgamated with the parent company in April 2021.
• Ramkrishna Titagarh Rail Wheels Limited (RTRWL): It is a joint venture with Ramkrishna Forgings Limited for manufacturing and supply of forged wheels.
• Titagarh Firema S.p.A. (TFA): This is a subsidiary based in Italy. It has been restructured into a maintenance-centric business. As a consequence of this restructuring, the company's holding in Titagarh Firema has been reduced to 49.7% from 99.
• Precision Shipyard: Taken over in 2020, this facility at Falta in West Bengal is along the lines of the company's existing shipbuilding facilities and supports the enhanced shipbuilding efforts.

Financial Performance of Titagarh Rail Systems

• Net profit of Titagarh Rail Systems surged 8.4% to ₹67 crore for the quarter, compared with ₹61.79 crore in the year-ago period.
• This profit growth has come despite of a minor drop in revenues by almost 1% to ₹903 crore from ₹910.80 crore in the same quarter a year ago.
• EBITDA was down 4.1% to ₹101.7 crore from ₹106.1 crore year on year.
• This EBITDA decline occurred in the wake of a 50-basis-point contraction to 11.2% in the EBITDA margin.

Key Personnel of Titagarh Rail Systems

• Mr. JP Chowdhary is the Executive Chairman.
• Mr. Umesh Chowdhary is the Vice Chairman and Managing Director.
• Mr. Anil Kumar Agarwal is the Director of Finance and Chief Financial Officer.
• Mr. Atul Joshi is an Independent Director.
• Mr. Manoj Mohanka is an Independent Director.
• Mr. Ramsebak Bandyopadhyay is an Independent Director.
• Ms. Rashmi Chowdhary is a Non-Executive Director w.e.f. 14/08/2014.
• Mr. Sudipta Mukherjee is a Whole-time Director.
• Mr. Sunirmal Talukdar is an Independent Director.