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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Titagarh Rail Systems Limited is an India-based company that offers mobility solutions through its presence in both passenger and freight rail systems, including railway wagons, components, passenger coaches (EMU/MEMU), and metro coaches. Its segments include Freight Rail…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced.
Titagarh Rail Systems is scored on the general / industrial framework. It keeps a thin 3.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.63× reported profit. Free cash flow is worth about 2.1% of its market value.
Over the last 3 years revenue compounded at 5%/yr and profit at -1%/yr. Book value itself has compounded 37%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.5%. In the latest quarter profit fell 2% versus the prior quarter.
At 74× earnings, the stock sits at the 44th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~21%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of B, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 48.48 | 30.8 | worse |
| P/B | 3.8 | 2.2 | worse |
| EV/EBITDA | 24.76 | 17.03 | worse |
| ROE | 6.51 | 10.18 | worse |
| ROCE | 10.3 | 10.06 | better |
| ROA | 4.66 | 5.01 | worse |
| Quick Ratio | 1.32 | 1.1 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue is on a 2-year growth streak. 5% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (5% vs -1%) — costs are rising faster than the top line. The latest year saw a +42% swing — check if it's a one-off or structural.
Operating margins have been stable around 6% — no major structural shift.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 9pp.
Profit grew faster than EPS (-1% vs -6%) — share dilution is eroding per-share value. -6% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 2.6× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 13% QoQ — could be seasonality or a genuine slowdown.
Quarterly net margins are expanding (5% → 7%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 40.5% — dispersed ownership; institutional flows drive the stock. MF holding up 3.3pp — domestic institutional discovery underway. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.