Archive · 5 Sep 2025
SMIFS Sees Upside for Railway Wagon Manufacturers
Imagine India is building a lot of new trains and tracks!
A company called SMIFS thinks this is a great idea.
They believe that three companies that make train parts (Titagarh Rail, Jupiter Wagons, and Texmaco Rail) will do very well.
SMIFS thinks these companies' stocks could go up a lot in value, as much as 40%!
India is spending a huge amount of money to improve its railways.
They want to make it easier and cheaper to transport goods by train.
They are also working on high-speed trains and other improvements.
This means more business for the companies that make the trains and train parts!
SMIFS initiated coverage on Titagarh Rail, Jupiter Wagons, and Texmaco Rail.
Brokerage sees 30-40% upside potential in the stocks.
Indian Railways is the fourth-largest rail network globally.
India's railway sector has a record-high capital outlay of over Rs 2,400 billion annually.
The National Rail Plan aims to raise freight modal share to 45% by 2030.
- Who
- SMIFS, Titagarh Rail, Jupiter Wagons, Texmaco Rail
- What
- SMIFS initiated coverage on railway wagon manufacturers and sees upside potential.
- When
- FY26E – FY28E
- Where
- India
- Why
- Due to attractive valuations and a robust growth outlook.
- Companies Covered
- Titagarh Rail Systems, Jupiter Wagons, Texmaco Rail
- Brokerage Firm
- SMIFS
- Upside Potential (SMIFS)
- 30-40%
- Titagarh Rail Target Price
- Rs 1,183
- Jupiter Wagons Target Price
- Rs 406
- Texmaco Rail Target Price
- Rs 178
- Investment (Indian Railways)
- Rs 2,400 billion annually
- Railway Freight Share Goal
- 45% by 2030
