Titagarh Wagons Ltd Stock Analysis

BSE: 532966 | NSE: TWL | Railways Wagons | Small Cap

BSE Share Price 06-Dec-2022 18:01
202.20 -5.85 (-2.81%)

DeciZen - Make an Informed Decision on Titagarh Wagons

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Titagarh Wagons Price Chart

P/E Ratio (SA) :
49.10
Market Cap :
2,487.7 Cr.
52-wk low :
75.8
52-wk high :
208.1
Bole Toh?

1. Is Titagarh Wagons Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Titagarh Wagons Ltd is a below average quality company.

2. Is Titagarh Wagons Ltd undervalued or overvalued?

The key valuation ratios of Titagarh Wagons Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Titagarh Wagons Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Titagarh Wagons Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Titagarh Wagons:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Titagarh Wagons Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.2%0.5%4.6%0.2%1.9%0.6%3.9%5.2%8.6%11.1%-
Value Creation Index -0.6-1.0-0.7-1.0-0.9-1.0-0.7-0.6-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4992613763123493141,0601,4841,0261,4751,836
YoY Gr. Rt. %--47.7%44%-17%11.9%-10.1%237.8%40%-30.9%43.8%-
Adj EPS 2.6-0.12.7-0.21.3-0.11.31.146.34.2
YoY Gr. Rt. %--102.3%NA-107.9%NA-104.7%NA-20.5%281.9%56.1%-
BVPS (₹) 6362.462.275.877.476.877.270.472.980.173
Adj Net Profit 25.7-0.626.7-2.414.6-0.715.312.147.874.851
Cash Flow from Ops. -11.824.290.9-44.2-27.728.4-93.729622627.2-
Debt/CF from Ops. -4.72.60.2-0.3-1.63.5-3.20.70.54.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%33.4%11.6%43.8%
Adj EPS 10.5%37.6%68%56.1%
BVPS 2.70.71.29.9
Share Price 11.2% 3.5% 68.7% 129.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.1-0.14.2-0.31.7-0.11.71.45.78.25.5
Op. Profit Mgn % 5.4-38.4-1.73.4-2.55.58.611.810.49.8
Net Profit Mgn % 5.2-0.27.1-0.84.2-0.21.40.84.75.12.8
Debt to Equity 0.10.1000.10.10.30.30.10.10
Working Cap Days 315551324365418694293238307239176
Cash Conv. Cycle 1733441841921902405832546418

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.50%

Sales growth is growing at healthy rate in last 3 years 11.62%

Net Profit is growing at healthy rate in last 3 years 68.01%

Sales growth is good in last 4 quarters at 43.67%

No data to display

Latest Financials - Titagarh Wagons Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 2.2
TTM Sales (₹ Cr.) 1,836 2,099
BVPS (₹.) 73 73.8
Reserves (₹ Cr.) 848 859
P/BV 2.85 2.82
PE 49.10 95.91
From the Market
52 Week Low / High (₹) 75.75 / 208.05
All Time Low / High (₹) 13.97 / 199.20
Market Cap (₹ Cr.) 2,488
Equity (₹ Cr.) 23.9
Face Value (₹) 2
Industry PE 49.1

Management X-Ray of Titagarh Wagons :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Titagarh Wagons

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Titagarh Wagons Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Titagarh Wagons on 06-Dec-2022 18:01 is : 202.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Titagarh Wagons stood at ₹ 2,487.7.
The latest PE ratio of Titagarh Wagons as of 06-Dec-2022 18:01 is 49.10.
The latest PB ratio of Titagarh Wagons as of 06-Dec-2022 18:01 is 2.85
The 52-week high of Titagarh Wagons is ₹ 208.1 and the 52-week low is ₹ 75.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Titagarh Wagons is ₹ 1,836 ( Cr.) .

About Titagarh Wagons Ltd

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. The company has received certifications for its quality management such as ISO 9001: 2000 and BS EN ISO 9001:2000. The rating agency CRISIL has upgraded the rating of TWL from 'A 1' to 'A 1+' i.e. 'Positive'.

Currently, the company is engaged in manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, 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 equipments.

In its initial year, the company started the development of the prototype of BOXN Wagon. Immediately next year the company was awarded an order from Indian Railway to manufacture BOXN and BCNA type wagons. In 2000 there was addition of new type of wagon i.e. BOBYN.

In the year 2001, Titagarh Wagons started its Bailey bridge division. The company started manufacturing of BOBRN type wagon. In 2002 the company despatched its first set of components of Bailey bridges.

Products

Wagon- The company manufactures range of wagons such as hopper wagon, covered wagon, open top wagon, container flat wagon, tank wagon, flat wagon and special purpose wagon.

Heavy Earth Moving and Mining Equipment- Under this the company manufactures hydraulic excavator and crawler mounted crane.

Foundry- Under this company manufactures bogies and couplers.

Rail Coach- Titagarh Wagons manufactures rail coaches for metro systems. It is planning to develop coaches for metro systems setting up at Mumbai, Hyderabad and Bangalore.

The company is also engaged in undertaking special projects such as developing Bailey bridges, other modular steel bridges and equipments for nuclear power and defence sector.

Milestones

  • 1997 -  Year of Incorporation : Development of the Proto Type of BOXN Wagon
  • 1998 -  1st Order from the Indian Railways [For BOXN & BCNA Type Wagons
  • 2000 -  ISO:9002 Certification from Lloyds UK
  • 2000 -  Addition of new type of wagon (BOBYN) in the order book
  • 2001 -  Bailey Bridge Division : Only Pvt. Sector Unit Registered with the Ministry of Defence, Government of India.
  • 2001 -  Commencement of Manufacturing BOBRN Type Wagon
  • 2002 -  Recognition from the Minstry of Defence, Government of India as an ‘Industry Partner’ for wagons and Bridges
  • 2002 -  First order for manufacture and supply of Bailey Bridge
  • 2002 -  Upgradation of Quality Certification to ISO: 9001-1994 from Lloyd’s Register Quality Assurance, United Kingdom
  • 2002 -  Despatch of the first set of components for Bailey Bridge
  • 2003 -  Commencement of two new types of wagons BOST and BFNS in the order book
  • 2003 -  First order received for supply of Container Flat wagons from CONCOR
  • 2003 -  First order for supply of Special Purpose Wagons for the Ministry of Defence
  • 2003 -  Upgradation of Quality Certification to ISO: 9001-2000 from Lloyd’s Register Quality Assurance, United Kingdom
  • 2003 -  Recognition of In-House R&D unit by the by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. Of India
  • 2003 -  Registered Supplier for United Nations Procurement Division for the manufacture and supply of fabricated engineering items
  • 2004 -  Received registration from the Ministry Of Defence, Government Of India to be a licensed manufacture of Integrated Field Shelter (NBC Shelter)
  • 2004 -  1st Export Order from Africa
  • 2005 -  Order for the MGR Type Wagon from NTPC
  • 2005 -  Commencement of Manufacturing BRNAHS Type Wagon
  • 2005 -  1st Private Sector Order of BOXN-HS wagon under OYWS
  • 2005 -  Execution of BTA with Hyderabad Industries Limited for Acquisition of Heavy Engineering Division
  • 2005 -  Investment in Equity Share of the Company by Strategic Venture (Mauritius) Limited
  • 2006 -  Investment in Equity Share of the company by 2i Capital PCC
  • 2006 -  Investment in Equity Share of the company by Goya Limited
  • 2006 -  Received Quality Certification from ISO: 9001-2000 from Indian Register Quality System (Indian Register of Shipping) for the Heavy Engineering Division
  • 2006 -  Roll out first ever wagon manufacture under WIS
  • 2006 -  First order from Private Sector for supply of Food Grain Wagon
  • 2006 -  First order under Privatisation of Container Freight Traffic for Supply Container Flat Wagon
  • 2006 -  Addition of new type of wagon (BOXN-LW) in the order book
  • 2006 -  First order for supply of tank wagons (BTPN)
  • 2006 -  Entered into a memorandum of understanding with M/s Kawada, Inc, Japan, for development of double lane modular bridges, called Kawada System Truss Bridges
  • 2007-  Entered into a Share Subscription Agreement with GE. Received first order for EMU Coaches from Indian Railway Entered into an agreement for revival of Cimmco 
  • 2008-  Initial Public Offering of shares. Listing at BSE and NSE, Joint venture for Air Brake Systems & Slack AdjustersSet up a wholly owned subsidiary in Singapore
  • 2009-  Delivered 1st rake of EMUs to Indian Railways , Titagarh Biotec P Ltd. (wholly owned subsidiary) and Titagarh Steels Limited were merged with the Company 
  • 2010-  Set up a subsidiary (Titagarh Wagons AFR (TWA)) in France and acquired assets and business of a Wagon/Rolling Stock manufacturing unit in France with capacity to manufacture 5000 wagons.  TWA has strong design, research & development competencies
  • 2012- Titagarh Marine Ltd (TML) has become a subsidiary of Titagarh Wagons Ltd.
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