Titagarh Rail Systems Key Ratios
NSE: TITAGARH | BSE: 532966
₹763.75
As on 12-Oct-2026IST
Market cap
₹10,293 Cr
Revenue (TTM)
₹3,272 Cr
P/E Ratio
53.8
P/B Ratio
4.2
Div. Yield
0.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -12.61 | 12.63 | -10.22 | 0.13 | 12.57 |
| EBIT | -3.75 | 26.50 | -15.67 | 0.87 | 27.32 |
| Net Profit | 1.11 | 112.12 | 367.04 | 2.23 | 52.89 |
| EPS | -2.56 | 327.61 | 9,529.51 | -3.77 | 49.33 |
| Book Value | -- | -- | 4.78 | 30.37 | 20.50 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.22 | 9.75 | 9.59 | 9.32 | 10.42 |
| Net Margin
| 4.45 | 4.67 | 6.41 | 3.76 | 2.20 |
| Return on equity
| 9.05 | 10.26 | 7.60 | 5.17 | 3.84 |
| Return on Capital
| 14.74 | 14.50 | -- | 9.08 | 8.72 |
| Return on Assets
| 4.93 | 4.56 | 5.45 | 2.79 | 2.23 |
| Debt to Equity (x)
| -- | -- | 0.07 | 0.22 | 0.23 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
9.08
|
8.72
|
26.42
|
18.58
|
|
Peer Median
|
--
|
18.65
|
22.61
|
21.28
|
--
|
ROE
7.60
Lower than Peers by 2.42
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
7.60
|
5.17
|
3.84
|
18.13
|
14.91
|
|
Peer Median
|
10.01
|
15.00
|
17.56
|
15.58
|
--
|
ROA
5.45
Lower than Peers by 1.73
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
5.45
|
2.79
|
2.23
|
9.77
|
5.21
|
|
Peer Median
|
7.18
|
7.89
|
10.45
|
8.08
|
--
|
EBIT Margin
9.59
Lower than Peers by 0.92
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
9.59
|
9.32
|
10.42
|
10.93
|
8.66
|
|
Peer Median
|
10.51
|
17.10
|
15.00
|
12.62
|
--
|
Net Margin
6.41
Lower than Peers by 1.12
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
6.41
|
3.76
|
2.20
|
7.40
|
4.77
|
|
Peer Median
|
7.53
|
8.92
|
9.17
|
6.26
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
5.42
|
3.01
|
8.19
|
5.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-10.22
Lower than Peers by 20.82
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
-10.22
|
-17.63
|
0.38
|
38.63
|
89.41
|
|
Peer Median
|
10.60
|
8.42
|
26.57
|
47.39
|
--
|
EBIT Growth
-15.67
Lower than Peers by 33.85
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
-15.67
|
-26.32
|
-4.34
|
74.94
|
74.05
|
|
Peer Median
|
18.18
|
13.41
|
51.48
|
91.70
|
--
|
Net Profit Growth
367.04
Higher than Peers by 326.92
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
367.04
|
40.12
|
-69.92
|
114.23
|
73.06
|
|
Peer Median
|
40.12
|
72.67
|
68.70
|
133.90
|
--
|
EPS Growth
9,529.51
Higher than Peers by 9,512.18
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
9,529.51
|
39.62
|
-69.22
|
95.15
|
--
|
|
Peer Median
|
17.33
|
182.49
|
55.04
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
4.78
|
3.43
|
130.22
|
14.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.07
Higher than Peers by 0.05
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
0.07
|
0.22
|
0.23
|
0.03
|
0.26
|
|
Peer Median
|
0.02
|
0.30
|
0.23
|
0.34
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
0.14
|
0.21
|
0.01
|
0.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.81
Lower than Peers by 0.35
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
1.81
|
1.77
|
1.69
|
2.53
|
1.27
|
|
Peer Median
|
2.16
|
1.94
|
2.08
|
1.48
|
--
|
Quick Ratio
1.32
Lower than Peers by 0.11
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
1.32
|
1.31
|
1.30
|
1.89
|
0.77
|
|
Peer Median
|
1.43
|
1.84
|
1.52
|
1.53
|
--
|
Interest Coverage
5.25
Lower than Peers by 0.83
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
5.25
|
3.72
|
3.05
|
6.29
|
3.35
|
|
Peer Median
|
6.07
|
5.74
|
9.03
|
5.65
|
--
|
Operating Efficiency
Debtors to sales
19.25
Higher than Peers by 0.50
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
19.25
|
19.77
|
17.34
|
13.82
|
10.04
|
|
Peer Median
|
18.75
|
26.87
|
24.20
|
20.77
|
--
|
Asset Turnover
0.84
Lower than Peers by 0.19
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
0.84
|
0.73
|
1.00
|
1.31
|
1.07
|
|
Peer Median
|
1.03
|
1.27
|
1.16
|
1.34
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
74.51
|
56.78
|
38.44
|
33.60
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
63.67
|
49.41
|
46.66
|
63.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
44.42
|
34.55
|
39.24
|
64.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
--
|
93.75
|
71.64
|
45.86
|
32.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
53.76
Lower than Peers by 0.91
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
53.76
|
62.85
|
121.75
|
43.20
|
24.08
|
|
Peer Median
|
54.67
|
35.10
|
40.76
|
64.92
|
--
|
Price / Book Value
4.19
Higher than Peers by 1.14
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
4.19
|
3.22
|
4.67
|
5.57
|
3.25
|
|
Peer Median
|
3.05
|
4.96
|
5.09
|
8.48
|
--
|
Dividend Yield
0.13
Lower than Peers by 0.34
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
0.13
|
0.17
|
0.13
|
0.09
|
0.19
|
|
Peer Median
|
0.47
|
0.09
|
--
|
0.06
|
--
|
EV/EBITDA
25.53
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
25.53
|
20.01
|
21.21
|
24.04
|
10.73
|
|
Peer Median
|
--
|
27.55
|
32.37
|
75.60
|
--
|
Market Cap
10,293
Higher than Peers by 1,126
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Titagarh Rail Systems
|
10,293
|
7,729
|
10,723
|
12,362
|
3,136
|
|
Peer Median
|
9,167
|
3,069
|
3,951
|
4,540
|
--
|