Archive · 3 Sep 2025
Beyond IRCTC: Small-Cap Railway Stocks to Watch
Imagine India's trains are getting a huge makeover, with lots more money being spent!
This means the companies that help build and run the trains are doing well.
Instead of just looking at the big, well-known companies like IRCTC, it's worth checking out some smaller companies.
Three such companies are Kernex Microsystems (safety systems), Hind Rectifiers (electrical equipment), and HBL Engineering (batteries).
These companies are growing and have been receiving many orders.
The article highlights how these companies' stocks performed in recent years.
Though there are opportunities, investors must carefully analyze the financial standings of the companies before investing.
Indian Railways is undergoing a significant transformation with a focus on high-speed trains and infrastructure.
Kernex Microsystems manufactures safety systems for the railway industry and recently secured significant contracts.
Hind Rectifiers produces railway transportation and power electronic equipment; has also expanded into AI and IT solutions.
HBL Engineering specializes in electronic solutions and batteries, with a focus on the Kavach train protection system.
Investors are advised to adopt a balanced approach, considering the growth potential and financial stability of railway sector companies.
- Who
- Investors and railway sector stakeholders.
- What
- Focus on small-cap railway stocks beyond IRCTC.
- When
- Current financial year and beyond.
- Where
- Indian railway sector.
- Why
- To highlight investment opportunities in the growing railway sector
- Budget Allocation (Indian Railways)
- ₹3.02 lakh crore (2025)
- Projected Railway Revenue
- ₹2.7 lakh crore (current FY)
- Projected Investment in Railway Infrastructure
- ₹50 lakh crore
- Kernex Microsystems LoA (DFCCI)
- ₹209.8 crore
- Hind Rectifiers Revenue (June Quarter FY26)
- ₹215 crore
- HBL Engineering Revenue (June Quarter FY26)
- ₹602 crore