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Jupiter Wagons, Texmaco, Titagarh: Best railway stock for freight boom?

Jupiter Wagons, Texmaco, Titagarh: Best railway stock for freight boom?
Jupiter Wagons Vs Texmaco Rail Vs Titagarh: Which railway stock is best placed for the freight boom? · financialexpress.com

Trains are like giant trucks that carry coal, iron ore, food and other goods across the country.

In July 2026, Indian trains carried more freight than they did a year earlier.

Indian Railways, the organisation that runs these trains, needs wagons - the big cars that hold the cargo - to carry the goods.

Three companies that build these wagons are Jupiter Wagons, Texmaco Rail and Titagarh Rail Systems.

All three had a slow year because parts for wagons were hard to find.

Now they are waiting to see whether Indian Railways will place big new orders for wagons.

Titagarh also builds passenger coaches, and that business grew very fast and now makes up most of its order book.

Jupiter is making wheels and other products too, so it does not depend only on wagons.

Texmaco sells most of its wagons to private companies and other countries instead of only to Indian Railways.

Each company hopes the next big order will help it grow even more.

Key facts

July 2026 freight loading
141.3 million tonnes, up 9% year-on-year
Freight revenue growth
+8% in July 2026
Iron ore loading growth
+22.2%; coal and food grains +11.5% each
Jupiter Wagons FY26
Revenue Rs 2,961 crore; PAT Rs 166 crore; order book Rs 4,675 crore
Texmaco Rail FY26
Revenue Rs 4,377 crore; net debt Rs 444 crore; order book Rs 5,408 crore
Titagarh FY26
Revenue Rs 3,143.58 crore; EBIT margin 12.56%
Largest order book
Titagarh: Rs 14,240 crore standalone; Rs 27,540 crore including JVs
Texmaco order mix
79% of FY26 freight car orders from private customers and exports

Sources

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