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<ul><li><keyword id="2964277" type="General" weightage="20" keywordseo="jupiter-wagons" source="Orion">Jupiter Wagons</keyword> is ramping up its manufacturing capacity as it preps for large orders from the government. </li><li>Its order book of ₹5,818 crore gives robust revenue visibility for the next 18 months, says a Sharekhan report. </li><li>It’s expected to start producing commercial EVs later this year. </li></ul>Jupiter Wagons is the current darling of a lot of mutual funds — thanks to the strong growth path this wagon manufacturer is on. After delivering a strong performance in the last financial year (FY23) when its net profit grew by 143% and revenue by 76% — it’s looking to chart it's next journey ahead with capacity expansion and more. The company, which makes rail wagons, passenger coach components, alloy steel casting for rolling stocks and tracks, also produces load bodies for commercial vehicles, marine containers and refrigerated containers. One of its key clients, Indian Railways, is on a capacity expansion spree and Jupiter Wagons is set to benefit. “Jupiter Wagons is increasing its manufacturing capacity from 600 wagons per month in Q4FY23 to 700 wagons per month by Q4FY24 to meet the growing demand from Indian Railways. The company has a robust order book of ₹5,818 crore, which gives Jupiter Wagons revenue visibility for the next 18 months,” said a research report by Sharekhan. Railway contracts also provide a good visibility ahead for profits, and are less affected by vagaries of commodity prices. “Railway wagon contracts are pass-through to customers. Steel and labour cost is pass-through based on wholesale price inflation (WPI),” says a report by Arihant Capital. A few contracts allow the impact of changes in commodity prices or others to be passed on to the clients. It’s also expanding its scope of railway orders. The company has commenced disc brake production, and received an initial order of ₹80 crore to supply brakes for passenger coaches. The company expects substantial disc brake orders from Indian Railways, and aspires to generate revenues of ₹100 crore in FY24 and ₹250 crore in FY25 from braking systems. Riding the EV boom The company — which also has other clients like commercial vehicles OEMs or original equipment manufacturers, Indian defence and logistics companies — is also eyeing the fast-growing electric vehicle (EV) market. It has launched two electric light commercial vehicles, and hopes to capture 7-10% market share. “Production of these vehicles is scheduled to commence in the Q4FY24. JWL can clock higher margins as compared to competitors as the company has integrated operation(s) and bid selectively on new orders,” said brokerage Sharekhan, adding that it expects operating margins to improve to around 14.5% by FY25 from 12.2% in FY23. What’s the upside ahead? For the above reasons and more, the stock has been a multibagger with returns to the tune of 153% in the last one year, as per data on BSE. In the month of May, it was the most preferred small cap stock for multiple mutual funds according to reports by ICICI Direct as well as IDBI Capital. There has been a shift from commercial vehicles to railways for transportation, and a demand for freight and passenger wagons has been going up. “The government is coming up with 50,000 wagons in global tenders and each wagon costs around ₹70 lakh to ₹1 crore. It will be a game changer in the wagons business. The wagon manufacturers are in full swing mode for manufacturing and operating at full 70-90% capacity compared to 40% in past years,” said Arihant Capital. Jupiter Wagons, apart from other listed entities like <keyword id="112351" type="General" weightage="20" keywordseo="titagarh-wagons" source="Orion">Titagarh Wagons</keyword> and <keyword id="599279" type="General" weightage="20" keywordseo="texmaco-rail" source="Orion">Texmaco Rail</keyword>, is expected to be a key beneficiary of this good demand. “Its leading position in domestic wagon manufacturing along with focus in growing its railway brakes and light commercial electric vehicles business will give a decent medium to long-term growth prospects,” says Sharekhan as it expects a 33% upside from the current market price. The key risks going ahead are lower spending by railway on wagon procurement, volatility in the prices of key raw materials like coal, sluggish demand from private wagon aggregators and lack of order for new business segments. <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[]]></cdata></div>

This multibagger railway stock is up 153% in 12 months, but there’s more steam left thanks to its EV play

New Delhi, Stocks of companies related to railways were trading in the positive territory on Thursday morning ahead of the presentation of the interim Budget. Shares of IRCON International rallied 3.26 per cent, Texmaco Rail &amp; Engineering jumped 2.71 per cent, Indian Railway Finance Corporation climbed 2.58 per cent and <keyword id="20241377" type="General" weightage="20" keywordseo="rail-vikas-nigam" source="keywords">Rail Vikas Nigam</keyword> advanced 1.52 per cent on the <keyword id="19895774" type="General" weightage="20" keywordseo="bse" source="keywords">BSE</keyword>. The stock of Jupiter Wagons went up 1.46 per cent, Indian Railway Catering and Tourism Corporation (IRCTC) (0.88 per cent) and <keyword id="20328612" type="General" weightage="20" keywordseo="titagarh-rail-systems" source="keywords">Titagarh Rail Systems</keyword> (0.71 per cent). "In railways, we anticipate a surge in investment, unveiling transformative projects and introducing 300-400 Vande Bharat trains," <keyword id="20412017" type="General" weightage="20" keywordseo="suman-bannerjee" source="keywords">Suman Bannerjee</keyword>, CIO of Paris-based hedge fund Hedonova, said. In the equity market, the 30-share BSE Sensex rose 118.59 points to 71,870.70 points and the Nifty quoted 68.20 points up at 21,789.90 points. Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> will present the interim Budget at 11 am in the Parliament.

Rail stocks trade higher ahead of the Interim Budget

New Delhi, Jan 31 () Texmaco Rail &amp; Engineering Ltd on Friday reported a 29.8 per cent decline in consolidated net profit at Rs 14.75 crore for the quarter ended on December 31, 2019.
 The company had posted a net profit of Rs 21.02 crore in the year-ago period, Texmaco Rail &amp; Engineering Ltd said in a BSE filing.
 However, total income of the company during the December quarter increased to Rs 533.31 crore, over Rs 469.90 crore in same period last year.
 Texmaco Rail &amp; Engineering Ltd is an engineering and infrastructure company with five manufacturing units in the outskirts of Kolkata. SID 
 

 RUJ

Texmaco Rail & Engineering Q3 net profit drops 30 pc to Rs 15 cr

<ul><li>Stocks related to rail sector like Titagarh wagons, Texmac, Rail Vikas Nigam have been rallying in the last one month on expectation of significant hike in budget for railways.</li><li>In the last year’s budget, finance minister Nirmala Sitharaman had announced ₹1.10 lakh crore for railways.</li><li>As of November 2021, 61% of the budgeted amount had been spent.</li></ul>The government’s efforts towards infrastructure development is expected to continue aggressively in this <keyword id="6360189" type="General" weightage="20" keywordseo="union-budget" source="Orion">Union Budget</keyword> as well. Railway is among the core infrastructure assets for the country and all eyes are on the budget allocation towards it. In the last year’s budget, India’s Finance Minister Nirmala Sitharaman had announced ₹1.10 lakh crore for railways for FY 2021-22. As of November 2021, 61% of the budgeted amount had been spent. Further, it is expected that the government would allocate ₹1.3 lakh crore for railways under the national infrastructure pipeline from expected capital expenditure of ₹7 lakh crore for FY23. <a href="https://www.livemint.com/budget/expectations/railways-likely-to-get-a-booster-shot-in-union-budget-11642530605223.html">Reportedly</a>, the government is planning to raise the fund allocation to ₹2.5 lakh crore for railways. Since the government has reportedly suffered a loss of ₹26,338 crore last year due to COVID-19, thus it may increase train fares as well. The expectations of strong funds coming into the railway sector have led to huge buying in shares of some railway companies. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Railway companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last one month’s stock price change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Texmaco Rail &amp; Engineering </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+36% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titagarh Wagons </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+29% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rail Vikas Nigam </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+7% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RITES </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+4% </td></tr></tbody></table>Railway sector includes the government’s ambitious projects like high-speed rail including bullet trains and analysts expect special allocation to these segments in the upcoming budget. “The government should provide some dedicated allocations towards these projects (bullet trains, sagar mala, smart cities, inland waterways developments) in the budget,” said analysts at KR Choksey. Analysts believe Indian railways require an estimated ₹50 trillion between 2018-2030 to strengthen its infrastructure, electrification and signaling process. “We expect capital expenditure allocation for railways to be increased substantially,” said analysts at KR Choksey. In the FY22 budget, the government had increased the <keyword id="12026484" type="General" weightage="20" keywordseo="railway-budget" source="Orion">railway budget</keyword> by 52%. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Railway budget in last few years </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.10 lakh crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹72,220 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹69,972 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹55,140 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY18 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹45,230 crore </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/the-indian-government-has-spent-less-than-half-the-money-it-had-budgeted-for-capital-investments-so-far/articleshow/88852518.cms">The Indian government has spent less than half the money it had budgeted for capital investments, so far</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/looking-to-buy-new-age-tech-stocks-like-zomato-heres-what-experts-are-suggesting/articleshow/89165999.cms">Tempted to buy new age tech stocks — Zomato, Paytm, Nykaa? Here’s what experts are suggesting</a>

Railway stocks have been buzzing for the last one month on expectation of significant budget allocation

<ul><li><keyword id="7706673" type="UNKNOWN" weightage="20" keywordseo="finance-minister-nirmala-sitharaman">Finance Minister Nirmala Sitharaman</keyword> said that the government has shortlisted projects.</li><li>Centre will spend 39% of the investment, 39% will come from state governments, and the rest will come from private sector.</li><li>43% of the projects are already in various stages are in various stages of implementation.</li></ul>Hours before the year 2019 came to a close with horrid economic data, Finance Minister Nirmala Sitharaman said that the government has shortlisted infrastructure projects worth ₹102 lakh crores (over $1.4 trillion) that it will be spending on in the next five years. These announcements are likely to find allocations in the upcoming budget on February 1. Watch the full video here 
 
 
 
 
 
 
 
 
 
 
 
 <div type="Youtube" id="puhVE_GBgZY" title="Press Conference by Union Minister Nirmala Sitharaman" thumbUrl="https://i.ytimg.com/vi/puhVE_GBgZY/mqdefault_live.jpg"></div>

























 This will be a big opportunity for construction companies like Larsen and Toubro, GMR Group, IRB Infrastructure, companies in the Adani Group, road construction companies Dilip Buildcon, Sadbhav Infra, cement majors like Ultratech, Shree Cement etc, to name a few. This will include projects of the India Railways and that will benefit stocks like Kalindee Rail, Texmaco, and Titagarh Wagons. This is part of the promise made by the Prime Minister Narendra Modi at the peak of the election campaign. While the manifesto of the Modi-led political outfit, the Bharatiya Janata Party (BJP), lacked details, <a href="https://www.businessinsider.in/narendra-modi-led-bjp-manifestos-infrastructure-promise/articleshow/68795743.cms" data-type="tilCustomLink" target="_blank">data showed that projects worth nearly half that amount</a>, over $600 billion, are already in various stages of planning or implementation. The money spent in each subsequent year, including the current one will be as follows: <table style="width: 167pt;"> </colgroup></colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:50pt">FY20</td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 117pt;">₹13.6 lakh crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">FY21</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹19.5 lakh crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">FY22</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹19 lakh crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">FY23</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹13.8 lakh crore</td> </tr> <tr> <td class="xl69" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">FY24</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹12.8 lakh crore</td> </tr></tbody></table> Sitharaman confirmed the same saying that, even according to the latest government estimate, 43% of the projects are already under various stages of implementation. "Centre will spend 39% of the investment, 39% will come from state governments, and the rest will come from private sector," she added. 
 
 
 
 
 
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 An online dashboard will be set up for everyone to monitor the progress of each project. There will also be an annual supplementary report that will be released with updates on the projects. The steps taken by the government have come at a time when economic growth has fallen to a six-year low, largely due to lack of risk appetite and credit flow in the private sector. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 The minister said that a big part of the thrust now will be to improve financing for these projects including setting up of a financing institution as well as deepening India's bond market. "The spending from the budget will also increase in consonance with the resources available," Atanu Chakraborty, the Secretary at the Department of Expenditure, said in a bid to assure the market that the fiscal deficit will remain under control. His 'broad' estimate is that by 2025, the expenditure on these projects will be 1.1% of GDP, which is a 'fairly doable outflow from the budget', according to him. 
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On New Year's eve, India lists out $1.4 trillion infrastructure projects it will be spending on in the next five years

The <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> and the <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> were unable to hold on to their early morning gains on Tuesday even as losses were minor on benchmarks and sector specific indices. Action on the long side was concentrated on defensive shares such as FMCG and pharma while mid caps dominated trade on the futures and options market. Here is a snapshot of what is happening in the derivatives space before noon. 
 
BENCHMARKS 
Nifty fell 0.4% to 7,843 points; 
Sensex dropped 77 points at 25,779 
 
TOP PRICE GAINERS 
McLeod Russel 
Kaveri Seed 
Voltas 
 
TOP PRICE LOSERS 
Bharat Forge <keyword id="6357147" type="CITY" weightage="100" keywordseo="Tata-Steel">Tata Steel</keyword> 
JSW Steel 
 
TOP OI GAINERS 
Colgate 
Bharat Forge 
Arvind Mills 
 
TOP OI LOSERS 
JSW Energy 
Wockhardt 
UltraTech 
 
TOP TRADED FUTURES 
Larsen 
State Bank of India 
Tata Steel 
 
TOP TRADED CALLS 
HPCL 780 Oct 
Reliance 880 Sept 
Larsen 1,600 Sept 
 
TOP TRADED PUTS 
Hind Zinc 140 Sept 
Tata Steel 230 Sept 
Reliance 860 Sept 
 
VOLUME BUZZERS 
Texmaco Rail 
Lovable Lingerie Tube <keyword id="6362476" type="ORGANIZATION" weightage="100" keywordseo="investments">Investments</keyword> 
 
(Image credits: Indiatimes)

You Searched For "texmaco rail" and got 6 results

This multibagger railway stock is up 153% in 12 months, but there’s more steam left thanks to its EV play

Katya Naidu

Rail stocks trade higher ahead of the Interim Budget

PTI

Texmaco Rail & Engineering Q3 net profit drops 30 pc to Rs 15 cr

PTI

Railway stocks have been buzzing for the last one month on expectation of significant budget allocation

Bhakti Makwana

On New Year's eve, India lists out $1.4 trillion infrastructure projects it will be spending on in the next five years

Sriram Iyer

Here's a snapshot of what is happening in the derivatives space before noon

Shailendra Bhatnagar

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