Texmaco Rail gains on inking agreements to acquire Jindal Rail Infrastructure for Rs 615 crore

Texmaco Rail & Engineering Ltd. | Railways Wagons/Coaches | Automobiles | BSE: 533326 | NSE: TEXRAIL

26 Jul 2024 Evaluate

Texmaco Rail & Engineering is currently trading at Rs. 276.95, up by 0.75 points or 0.27% from its previous closing of Rs. 276.20 on the BSE.

The scrip opened at Rs. 289.00 and has touched a high and low of Rs. 291.15 and Rs. 274.55 respectively. So far 589610 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 296.60 on 12-Jul-2024 and a 52 week low of Rs. 95.45 on 27-Jul-2023.

Last one week high and low of the scrip stood at Rs. 291.15 and Rs. 250.00 respectively. The current market cap of the company is Rs. 11091.21 crore.

The promoters holding in the company stood at 48.14%, while Institutions and Non-Institutions held 18.03% and 33.83% respectively.

Texmaco Rail & Engineering (Texmaco) has entered into definitive agreements with Jindal Rail & Infrastructure (JRIL), JITF Urban Infrastructure Services, and Siddeshwari Tradex for the acquisition of 100 percent of the share capital of JRIL on a fully diluted basis. The transaction is subject to certain adjustments at closing specified in the definitive agreements.

Texmaco has agreed to acquire the entire shareholding of JRIL for a cash consideration of Rs 615 crore which is subject to certain closing adjustments. The Enterprise Value of JRIL is Rs 687 crore and the transaction represents an acquisition FY 2024 EV/ EBITDA multiple of 8.1x. While definitive agreements have been executed on July 25, 2024, the transaction is subject to certain conditions precedent for closing which are expected to be completed within 45 days.

This acquisition marks a significant milestone in Texmaco’s journey to expand its strategic capabilities and market presence, positioning the Company for sustained growth and innovation in the railway manufacturing industry.

Texmaco Rail & Engineering is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services.

Texmaco Rail & Eng. Share Price

115.10 0.20 (0.17%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Texmaco Rail & Eng.	115.10
Jupiter Wagons	299.10
Titagarh Railsystems	839.65
Jessop & Co
Acme India Industrie
View more..

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