T

Titagarh Rail Systems Ltd
NSE:TITAGARH

Watchlist Manager
Titagarh Rail Systems Ltd
NSE:TITAGARH
Watchlist
Price: 859.4 INR -2.67% Market Closed
Market Cap: 115.7B INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+136%
5Y
+125%
10Y
+804%
Operating Income
+
3Y
+84%
5Y
+374%
10Y
-
Net Income
+
3Y
+658%
5Y
-
10Y
-

Earnings Waterfall
Titagarh Rail Systems Ltd

Revenue
33.9B INR
Cost of Revenue
-25.1B INR
Gross Profit
8.8B INR
Operating Expenses
-5.6B INR
Operating Income
3.2B INR
Other Expenses
-1.2B INR
Net Income
2B INR

Income Statement
Titagarh Rail Systems Ltd

Rotate your device to view
Income Statement
Currency: INR
Mar-2009 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
55
0
0
0
131
0
0
0
186
0
0
0
286
0
0
0
0
0
0
0
725
0
0
0
633
0
0
0
469
0
0
0
647
0
0
0
555
0
0
0
518
0
0
Revenue
6 859
N/A
1 708
-75%
3 747
+119%
6 544
+75%
9 748
+49%
10 900
+12%
12 974
+19%
13 978
+8%
17 392
+24%
17 821
+2%
17 379
-2%
16 319
-6%
12 714
-22%
12 241
-4%
11 660
-5%
12 689
+9%
15 593
+23%
17 616
+13%
18 685
+6%
19 458
+4%
17 663
-9%
15 010
-15%
15 078
+0%
15 030
0%
15 206
+1%
18 095
+19%
17 286
-4%
16 587
-4%
14 675
-12%
11 711
-20%
14 361
+23%
18 230
+27%
27 796
+52%
32 585
+17%
35 868
+10%
37 751
+5%
38 533
+2%
38 456
0%
39 671
+3%
39 146
-1%
38 678
-1%
36 440
-6%
33 861
-7%
Gross Profit
Cost of Revenue
(5 514)
(1 171)
(2 488)
(4 397)
(6 374)
(6 980)
(8 650)
(9 461)
(12 187)
(12 100)
(11 456)
(10 340)
(8 594)
(7 482)
(6 961)
(7 389)
(9 358)
(11 235)
(12 054)
(12 893)
(13 453)
(9 408)
(9 602)
(9 673)
(10 926)
(11 895)
(11 465)
(11 236)
(11 529)
(9 674)
(11 998)
(15 349)
(23 317)
(25 389)
(27 873)
(29 280)
(31 978)
(29 728)
(30 502)
(29 905)
(31 784)
(27 141)
(25 052)
Gross Profit
1 344
N/A
537
-60%
1 259
+134%
2 146
+70%
3 374
+57%
3 920
+16%
4 324
+10%
4 516
+4%
5 204
+15%
5 721
+10%
5 923
+4%
5 979
+1%
4 120
-31%
4 760
+16%
4 699
-1%
5 300
+13%
6 235
+18%
6 380
+2%
6 631
+4%
6 565
-1%
4 210
-36%
5 602
+33%
5 476
-2%
5 358
-2%
4 281
-20%
6 200
+45%
5 822
-6%
5 351
-8%
3 146
-41%
2 037
-35%
2 363
+16%
2 881
+22%
4 479
+55%
7 196
+61%
7 995
+11%
8 471
+6%
6 555
-23%
8 728
+33%
9 169
+5%
9 241
+1%
6 893
-25%
9 299
+35%
8 809
-5%
Operating Income
Operating Expenses
(465)
(511)
(1 335)
(2 321)
(3 499)
(4 077)
(4 176)
(4 133)
(4 638)
(5 089)
(5 491)
(6 064)
(5 375)
(6 399)
(6 202)
(6 240)
(5 642)
(5 641)
(5 672)
(5 556)
(3 273)
(4 950)
(4 798)
(4 761)
(3 754)
(5 263)
(4 795)
(4 138)
(1 647)
(441)
(615)
(841)
(2 069)
(4 140)
(4 352)
(4 462)
(2 307)
(4 527)
(4 835)
(5 008)
(2 846)
(5 580)
(5 595)
Selling, General & Administrative
(436)
(265)
(768)
(1 354)
(2 669)
(2 327)
(2 335)
(2 354)
(3 606)
(2 391)
(2 400)
(2 413)
(3 679)
(2 248)
(2 113)
(1 920)
(1 761)
(1 658)
(1 636)
(1 618)
(2 710)
(1 519)
(1 641)
(1 815)
(3 146)
(2 359)
(1 982)
(1 524)
(1 297)
925
903
884
(1 644)
(599)
(641)
(650)
(1 845)
(678)
(703)
(770)
(2 282)
(959)
(1 017)
Research & Development
0
0
0
0
(23)
0
0
0
(9)
0
0
0
(23)
0
0
0
0
0
0
0
(33)
0
0
0
(21)
0
0
0
(22)
0
0
0
(5)
0
0
0
(8)
0
0
0
(26)
0
0
Depreciation & Amortization
(29)
(68)
(172)
(279)
(459)
(511)
(530)
(540)
(515)
(519)
(521)
(532)
(508)
(445)
(385)
(321)
(240)
(241)
(244)
(243)
(291)
(319)
(296)
(316)
(299)
(288)
(281)
(247)
(184)
(142)
(157)
(161)
(225)
(237)
(251)
(265)
(271)
(276)
(286)
(281)
(296)
(344)
(391)
Other Operating Expenses
0
(177)
(396)
(688)
(349)
(1 239)
(1 312)
(1 240)
(507)
(2 179)
(2 569)
(3 119)
(1 165)
(3 705)
(3 705)
(3 999)
(3 640)
(3 742)
(3 792)
(3 695)
(239)
(3 112)
(2 860)
(2 629)
(289)
(2 616)
(2 532)
(2 367)
(143)
(1 225)
(1 361)
(1 563)
(196)
(3 303)
(3 460)
(3 547)
(183)
(3 574)
(3 846)
(3 957)
(243)
(4 277)
(4 187)
Operating Income
879
N/A
27
-97%
(76)
N/A
(175)
-130%
(125)
+29%
(157)
-26%
148
N/A
383
+159%
567
+48%
632
+11%
433
-32%
(85)
N/A
(1 254)
-1 379%
(1 639)
-31%
(1 503)
+8%
(940)
+37%
593
N/A
740
+25%
959
+30%
1 010
+5%
937
-7%
652
-30%
678
+4%
597
-12%
527
-12%
938
+78%
1 027
+9%
1 213
+18%
1 499
+24%
1 595
+6%
1 748
+10%
2 041
+17%
2 410
+18%
3 056
+27%
3 643
+19%
4 009
+10%
4 248
+6%
4 200
-1%
4 334
+3%
4 233
-2%
4 047
-4%
3 720
-8%
3 214
-14%
Pre-Tax Income
Interest Income Expense
65
(35)
(69)
(113)
123
(199)
(228)
(274)
(5)
(343)
(397)
(407)
(450)
(451)
(508)
(566)
(652)
(758)
(775)
(838)
(689)
(878)
(889)
(860)
(584)
(819)
(751)
(726)
(427)
(374)
(454)
(592)
(682)
(970)
(962)
(840)
(331)
(738)
(747)
(842)
(60)
(1 091)
(1 158)
Non-Reccuring Items
0
0
(30)
(13)
(209)
(209)
(211)
(228)
(45)
(45)
(13)
(13)
(51)
0
(86)
(86)
(78)
0
(43)
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
0
0
Gain/Loss on Disposition of Assets
(7)
0
0
0
2
0
0
0
(2)
0
0
0
37
0
0
0
0
0
0
0
2
0
0
0
6
0
0
0
29
0
0
0
2
0
0
0
0
0
0
0
2
0
0
Total Other Income
34
62
138
194
81
440
425
427
(19)
248
247
241
47
260
254
220
326
448
480
528
127
228
172
163
(5)
319
352
310
(33)
166
264
360
171
375
280
314
(32)
482
522
602
(181)
747
784
Pre-Tax Income
971
N/A
53
-95%
(39)
N/A
(107)
-177%
(128)
-20%
(125)
+3%
133
N/A
308
+131%
497
+61%
492
-1%
271
-45%
(264)
N/A
(1 672)
-534%
(1 830)
-9%
(1 844)
-1%
(1 373)
+26%
189
N/A
429
+127%
621
+45%
701
+13%
375
-46%
1
-100%
(38)
N/A
(100)
-161%
(56)
+44%
438
N/A
628
+44%
797
+27%
1 068
+34%
1 388
+30%
1 558
+12%
1 808
+16%
1 901
+5%
2 461
+29%
2 961
+20%
3 483
+18%
3 886
+12%
3 944
+2%
4 109
+4%
3 992
-3%
3 817
-4%
3 376
-12%
2 840
-16%
Net Income
Tax Provision
(330)
(7)
(11)
(18)
(67)
(103)
(184)
(224)
(223)
(222)
(164)
(86)
199
287
286
148
330
249
230
294
205
265
258
232
(132)
(234)
(257)
(262)
(292)
(284)
(325)
(405)
(555)
(718)
(841)
(937)
(1 001)
(1 008)
(1 067)
(1 078)
(1 067)
(980)
(884)
Income from Continuing Operations
641
46
(50)
(125)
(195)
(228)
(51)
84
274
269
107
(349)
(1 472)
(1 543)
(1 559)
(1 225)
519
678
851
994
580
267
219
131
(188)
204
371
535
776
1 105
1 233
1 403
1 346
1 742
2 120
2 546
2 884
2 936
3 042
2 914
2 751
2 396
1 957
Income to Minority Interest
0
(5)
11
25
31
43
27
7
(5)
(17)
(15)
(0)
36
52
75
54
(60)
(64)
(88)
(77)
20
27
43
51
38
24
6
0
4
16
49
49
45
32
0
0
0
0
0
0
15
14
13
Net Income (Common)
641
N/A
41
-94%
(39)
N/A
(100)
-158%
(165)
-65%
(185)
-12%
(24)
+87%
92
N/A
269
+194%
252
-6%
92
-64%
(350)
N/A
(1 436)
-311%
(1 592)
-11%
(1 688)
-6%
(1 534)
+9%
(285)
+81%
(543)
-91%
(289)
+47%
23
N/A
(342)
N/A
(135)
+60%
(167)
-23%
(247)
-48%
(150)
+39%
227
N/A
237
+4%
254
+7%
(3)
N/A
(165)
-5 410%
259
N/A
570
+120%
1 302
+128%
1 908
+47%
2 132
+12%
2 554
+20%
2 861
+12%
2 914
+2%
3 015
+3%
2 894
-4%
2 764
-5%
2 403
-13%
1 965
-18%
EPS (Diluted)
6.97
N/A
0.36
-95%
-0.34
N/A
-1.06
-212%
-1.48
-40%
-1.6
-8%
-0.2
+88%
0.79
N/A
2.32
+194%
2.17
-6%
0.8
-63%
-3.02
N/A
-12.48
-313%
-13.74
-10%
-14.63
-6%
-13.31
+9%
-2.45
+82%
-4.7
-92%
-2.49
+47%
0.2
N/A
-2.87
N/A
-1.17
+59%
-1.44
-23%
-2.13
-48%
-1.28
+40%
1.91
N/A
1.97
+3%
2.06
+5%
-0.02
N/A
-1.38
-6 800%
2.16
N/A
4.76
+120%
10.85
+128%
15.96
+47%
16.84
+6%
19.86
+18%
22.45
+13%
21.61
-4%
22.37
+4%
21.48
-4%
20.51
-5%
18.17
-11%
14.54
-20%

See Also

Summary
TITAGARH intrinsic value, competitors valuation, and company profile.
DCF Valuation
TITAGARH stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TITAGARH stock valuation using valuation multiples.
Wall Street Estimates
TITAGARH price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TITAGARH stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 307,600+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.