Industrial Manufacturing
Valuation | |
|---|---|
| Market Cap | 12.89 kCr |
| Price/Earnings (Trailing) | 46 |
| Price/Sales (Trailing) | 3.82 |
| EV/EBITDA | 26.07 |
| Price/Free Cashflow | -33.95 |
| MarketCap/EBT | 33.79 |
| Enterprise Value | 13.25 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -5.8% |
| Price Change 1M | -10.8% |
| Price Change 6M | -13.9% |
| Price Change 1Y | -36% |
| 3Y Cumulative Return | 40% |
| 5Y Cumulative Return | 67% |
| 7Y Cumulative Return | 44.1% |
| 10Y Cumulative Return | 29.8% |
| Revenue (TTM) |
| 3.37 kCr |
| Rev. Growth (Yr) | -21.9% |
| Earnings (TTM) | 275.42 Cr |
| Earnings Growth (Yr) | -49.3% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 11% |
| Return on Equity | 9.83% |
| Return on Assets | 6.66% |
| Free Cashflow Yield | -2.95% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -607.77 Cr |
| Cash Flow from Operations (TTM) | 104.19 Cr |
| Cash Flow from Financing (TTM) | 821.8 Cr |
| Cash & Equivalents | 364.37 Cr |
| Free Cash Flow (TTM) | -403.95 Cr |
| Free Cash Flow/Share (TTM) | -9.52 |
Balance Sheet | |
|---|---|
| Total Assets | 4.14 kCr |
| Total Liabilities | 1.34 kCr |
| Shareholder Equity | 2.8 kCr |
| Current Assets | 2.61 kCr |
| Current Liabilities | 1.25 kCr |
| Net PPE | 716.01 Cr |
| Inventory | 1.12 kCr |
| Goodwill | 94.27 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.17 |
| Debt/Equity | 0.26 |
| Interest Coverage | 4.81 |
| Interest/Cashflow Ops | 2.63 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.3 |
| Dividend Yield | 0.86% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 9.6% |
Past Returns: Outperforming stock! In past three years, the stock has provided 40% return compared to 11.4% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 8% is a good sign.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.8% in last 30 days.
Past Returns: Outperforming stock! In past three years, the stock has provided 40% return compared to 11.4% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 8% is a good sign.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.8% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.86% |
| Dividend/Share (TTM) | 2.3 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 6.6 |
Financial Health | |
|---|---|
| Current Ratio | 2.09 |
| Debt/Equity | 0.26 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.13 |
| RSI (5d) | 20.19 |
| RSI (21d) | 38.82 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of JUPITER WAGONS's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY26 earnings call for Jupiter Wagons Limited, management provided an optimistic outlook highlighting improved operations and strong financial recovery. They reported a consolidated revenue from operations of INR 786 crore for Q2 FY26, reflecting a significant sequential growth of 71%. EBITDA increased to INR 104 crore with a margin of 13.2%, while profit after tax rose to INR 45 crore, corresponding to a PAT margin of 5.8%. For H1 FY26, consolidated revenue totaled INR 1,245 crore, with EBITDA at INR 163 crore.
Management emphasized a strong order book of INR 5,538 crore, indicating robust visibility for future periods. They noted specific operational achievements, such as securing a contract worth INR 113 crore for 9,000 LHB axles and an additional INR 215 crore order for wheelsets for the Vande Bharat project. The management mentioned the acceleration of their battery energy storage systems (BESS) initiatives, with a launched capacity of 40-50 megawatts per month and a focus on scaling up their electric mobility division expected to reach near INR 100 crore in revenue this fiscal.
As for future expectations, management stated that while they aimed for INR 5,000 crore in revenue for FY26, due to previous headwinds, they might fall short of this target but remain committed to maintaining their margin guidance. They also expect improvement in their wagon deliveries as substantial tenders from Indian Railways are anticipated, enhancing overall performance moving into FY27. The ongoing expansions in sectors like electric mobility and energy storage reflect management's goal to diversify and increase overall revenue streams, aiming for non-wagon businesses to eventually contribute 50% of revenue.
Understand JUPITER WAGONS ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| KARISMA GOODS PRIVATE LIMITED | 20.96% |
| TATRAVAGONKA A.S. | 19.24% |
| JUPITER METAL SPRING PRIVATE LIMITED | 10.15% |
| ANISH CONSULTANTS & CREDITS PVT LTD | 3.59% |
| MURARI LAL LOHIA | 3.57% |
| JUPITER FORGINGS & STEEL PVT. LTD. | 3.5% |
| GOTHIC CORPORATION | 3.06% |
Detailed comparison of JUPITER WAGONS against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BEML | BEML | 13.7 kCr | 4.03 kCr | -11.90% | -10.20% | 46.32 | 3.4 | - | - |
| TITAGARH | TITAGARH RAIL SYSTEMS | 10.59 kCr | 3.46 kCr |
Comprehensive comparison against sector averages
JWL metrics compared to Industrial
| Category | JWL | Industrial |
|---|---|---|
| PE | 46.00 | 41.27 |
| PS | 3.82 | 3.94 |
| Growth | -14.3 % | 5 % |
Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally. It offers open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also provides passenger and metro coaches, and train sets; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; commercial vehicles; commercial electric vehicles; and containers, such as marine, refrigerated, and truck mounted containers, as well as cold chain transport solution. Further, the company engages in letting out of property; and manufacturing of electrical equipment, as well as provides drone delivery services. The company serves railway engineering company, the Indian Railway, private wagon aggregators, commercial vehicles OEMs, Indian defence and logistics companies. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. Jupiter Wagons Limited was incorporated in 1979 and is based in Kolkata, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
JWL vs Industrial (2021 - 2026)
Question 1: "Could you please quantify the tender size and specify the wagon types and what kind of opportunities we have and why the tender has been delayed for a long time?"
Answer: The timing of the tender release is at the discretion of Indian Railways, and we cannot control it. Indian Railways needs approximately 50,000 wagons to meet their revenue goals. The delay is primarily due to the substantial existing order book, which they want to reduce before issuing new tenders.
Question 2: "What is the strategy for localizing the supply of key components like battery management systems?"
Answer: We have localized our battery management systems (BMS) and energy management systems (EMS). Our EMS is in-house, and while we import battery cells from China, we handle the design and integration of our BESS systems internally. This gives us confidence for sustained growth in the BESS sector.
Question 3: "What is the lead time improvement for supplying wheelsets? What volume and margin are required for the EV division to break even?"
Answer: Supply disruptions for wheelsets have been resolved, which is promising. For the EV division, we are expanding our dealership network and see about 20% to 30% monthly sales growth. We expect to break even by the end of this fiscal year and anticipate EBITDA positivity in FY27.
Question 4: "Could you shed some light on the container business growth?"
Answer: Our container business has seen growth due to the increasing demand, particularly in the battery storage and data center segments. Collaborating with major clients like General Electric and Tata Solar, we are expanding our capabilities to meet both Indian and global demand, projecting significant growth ahead.
Question 5: "Are we on track to achieve INR 100 crore revenue from the eLCV segment?"
Answer: Yes, we are on track to reach our revenue target for the Electric Mobility segment. Next year, we aim to double these revenues as we introduce more products and operational capabilities, benefiting from partnerships and market growth.
Question 6: "Can we expect the second half of FY26 to be as good as, or better than, Q1?"
Answer: We expect the second half to mirror or improve upon Q1's performance, with revenues and margins both on the rise. While volumes may not spike as high due to current complexities, we anticipate significant margin improvements as new orders are fulfilled.
Question 7: "What is the current status of our wheel manufacturing facility in Odisha?"
Answer: The axle line in Odisha will commence in FY26, and the wheel line is slated to be operational by the calendar year 2027. This expansion is integral to boosting our production capabilities.
Question 8: "What is the current backlog for the wagon order book?"
Answer: Our current wagon order book backlog stands at roughly 12,000 wagons, valued at around INR 4,000 crore, which provides a solid foundation for ongoing operations.
Question 9: "What is the expected revenue guidance for FY26 and what challenges do you foresee?"
Answer: While we had previously aimed for INR 5,000 crore in FY26, significant disruptions have made this unlikely. Despite challenges, we are working to recover ground in the coming months while maintaining our margins.
Question 10: "Are we considering export opportunities for wagons or focusing on components?"
Answer: Exporting complete wagons is challenging due to size and logistics. Nevertheless, we are focusing on exporting components, such as brake systems and wheelsets, which present lucrative revenue opportunities.
| VIKASH LOHIA | 2.67% |
| ATYANT CAPITAL INDIA FUND - I | 2.35% |
| VIVEK LOHIA | 1.82% |
| MURARI LAL LOHIA HUF | 1.71% |
| VANDERBILT UNIVERSITY | 1.19% |
| GOTHIC HSP CORPORATION | 1.17% |
| THE DUKE ENDOWMENT | 1.17% |
| USHA LOHIA | 0.45% |
| RITU LOHIA | 0.34% |
| SHRADHA LOHIA | 0.17% |
| RIDDLES MARKETING PRIVATE LIMITED | 0.13% |
Distribution across major stakeholders
Distribution across major institutional holders
| -20.40% |
| 54.32 |
| 3.06 |
| - |
| - |
| TEXRAIL | Texmaco Rail & Engineering | 4.76 kCr | 4.88 kCr | -11.10% | -36.60% | 22.54 | 0.98 | - | - |
| HIRECT | Hind Rectifiers | 2.08 kCr | 797.11 Cr | -17.30% | -2.00% | 43.47 | 2.6 | - | - |
| KERNEX | Kernex Microsystems (India) | 1.91 kCr | 224.73 Cr | -10.40% | -10.10% | 35.56 | 8.5 | - | - |
| 77.3% |
| 79 |
| 45 |
| 133 |
| 135 |
| 120 |
| 119 |
| Exceptional items before tax | - | -10.4 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 52.3% | 68 | 45 | 133 | 135 | 120 | 119 |
| Current tax | 141.1% | 18 | 8.05 | 32 | 32 | 29 | 29 |
| Deferred tax | -2.6% | 4.73 | 4.83 | -7.4 | 0.78 | 0.36 | -1.3 |
| Total tax | 83.3% | 23 | 13 | 25 | 33 | 30 | 28 |
| Total profit (loss) for period | 46.7% | 45 | 31 | 103 | 96 | 89 | 92 |
| Other comp. income net of taxes | -1.4% | -0.45 | -0.43 | -2.25 | 0.16 | 0.16 | 0.16 |
| Total Comprehensive Income | 46.7% | 45 | 31 | 100 | 97 | 90 | 92 |
| Earnings Per Share, Basic | 143.5% | 1.1 | 0.77 | 2.44 | 2.293 | 2.12 | 2.229 |
| Earnings Per Share, Diluted | 143.5% | 1.1 | 0.77 | 2.44 | 2.293 | 2.12 | 2.229 |
| 30% |
| 53 |
| 41 |
| 29 |
| 18 |
| 6.91 |
| 6.17 |
| Depreciation and Amortization | 11.1% | 31 | 28 | 25 | 23 | 8.63 | 8.32 |
| Other expenses | 10.7% | 300 | 271 | 199 | 134 | 30 | 15 |
| Total Expenses | 5.8% | 3,407 | 3,219 | 1,868 | 1,106 | 352 | 138 |
| Profit Before exceptional items and Tax | 12.2% | 498 | 444 | 205 | 76 | 12 | -9.11 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 6.55 |
| Total profit before tax | 12.2% | 498 | 444 | 205 | 76 | 12 | -2.56 |
| Current tax | 11.9% | 123 | 110 | 23 | 0 | 0.13 | -2.42 |
| Deferred tax | 200% | 2.11 | 1.37 | 57 | 26 | 0 | 0 |
| Total tax | 12.7% | 125 | 111 | 80 | 26 | 0.13 | -2.42 |
| Total profit (loss) for period | 12% | 373 | 333 | 125 | 50 | 12 | -0.14 |
| Other comp. income net of taxes | -539% | -1.62 | 0.59 | -0.1 | 0.02 | -0.36 | -0.27 |
| Total Comprehensive Income | 11.4% | 371 | 333 | 125 | 50 | 12 | -0.41 |
| Earnings Per Share, Basic | 8.1% | 8.86 | 8.27 | 3.24 | 1.29 | 1.37 | -0.02 |
| Earnings Per Share, Diluted | 8.1% | 8.86 | 8.27 | 3.24 | 1.29 | 1.37 | -0.02 |
| Debt equity ratio | - | - | - | - | 002 | 033 | - |
| Debt service coverage ratio | - | - | - | - | 0.0847 | 0.04 | - |
| Interest service coverage ratio | - | - | - | - | 0.1201 | 0.0648 | - |
| -0.2% |
| 554 |
| 555 |
| 496 |
| 488 |
| 460 |
| 433 |
| Capital work-in-progress | 61.4% | 72 | 45 | 49 | 29 | 14 | 26 |
| Goodwill | 0% | 20 | 20 | 20 | 20 | 20 | 20 |
| Non-current investments | 0.2% | 965 | 963 | 886 | 399 | 69 | 16 |
| Loans, non-current | 28.6% | 0.8 | 0.72 | 0.69 | 0.53 | 0.55 | 0.53 |
| Total non-current financial assets | 0.8% | 989 | 981 | 902 | 414 | 93 | 50 |
| Total non-current assets | 3% | 1,679 | 1,630 | 1,501 | 985 | 611 | 550 |
| Total assets | 2.2% | 3,957 | 3,871 | 3,811 | 2,796 | 2,082 | 1,639 |
| Borrowings, non-current | -85.2% | 1.44 | 3.97 | 5.36 | 7.64 | 9.59 | 19 |
| Total non-current financial liabilities | -75.6% | 1.82 | 4.36 | 5.75 | 8.03 | 9.99 | 19 |
| Provisions, non-current | 42.8% | 6.27 | 4.69 | 3.58 | 3.54 | 4.22 | 4.44 |
| Total non-current liabilities | 12.2% | 47 | 42 | 40 | 43 | 45 | 54 |
| Borrowings, current | 50.9% | 588 | 390 | 394 | 330 | 364 | 269 |
| Total current financial liabilities | 15.4% | 960 | 832 | 849 | 779 | 691 | 472 |
| Provisions, current | 11.1% | 3.7 | 3.43 | 2.89 | 2.37 | 1.58 | 1.92 |
| Current tax liabilities | -89.9% | 3.94 | 30 | 19 | 20 | 19 | 20 |
| Total current liabilities | 3.6% | 1,116 | 1,077 | 1,212 | 1,131 | 980 | 777 |
| Total liabilities | 3.9% | 1,163 | 1,119 | 1,253 | 1,174 | 1,025 | 830 |
| Equity share capital | 0% | 424 | 424 | 424 | 412 | 399 | 387 |
| Total equity | 1.5% | 2,794 | 2,752 | 2,559 | 1,622 | 1,056 | 809 |
| Total equity and liabilities | 2.2% | 3,957 | 3,871 | 3,811 | 2,796 | 2,082 | 1,639 |
| 209.9% |
| 314 |
| 102 |
| 82 |
| 61 |
| - |
| - |
| Income taxes paid (refund) | 5.6% | 114 | 108 | 9.35 | 1.58 | - | - |
| Net Cashflows From Operating Activities | 2807.5% | 200 | -6.35 | 73 | 60 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 47 | 0 | - | - |
| Cash payment for investment in partnership firm or association of persons or LLP | - | 564 | 0 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 88.9% | 0.96 | 0.64 | 4.15 | 1.09 | - | - |
| Purchase of property, plant and equipment | 21.1% | 110 | 91 | 69 | 37 | - | - |
| Proceeds from sales of investment property | - | 1,835 | 0 | 0 | 0 | - | - |
| Purchase of investment property | - | 1,985 | 0 | 0 | 0 | - | - |
| Proceeds from sales of long-term assets | -257.1% | 0 | 0.72 | 0 | 0 | - | - |
| Purchase of other long-term assets | -102% | 0 | 50 | 0 | 0 | - | - |
| Dividends received | 0% | 0.02 | 0.02 | 0.02 | 0.01 | - | - |
| Interest received | 90% | 20 | 11 | 2.11 | 0.91 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -0.01 | -14.43 | - | - |
| Net Cashflows From Investing Activities | -64.8% | -803 | -486.72 | -118.99 | -49.11 | - | - |
| Proceeds from issuing shares | 52.4% | 780 | 512 | 0 | 0 | - | - |
| Proceeds from issuing other equity instruments | - | 34 | 0 | 0 | 0 | - | - |
| Proceeds from borrowings | -10.4% | 61 | 68 | 164 | 1.43 | - | - |
| Repayments of borrowings | -77.4% | 4.84 | 18 | 15 | 0 | - | - |
| Payments of lease liabilities | 5.1% | 0.06 | 0.01 | 0.06 | 0.06 | - | - |
| Dividends paid | 74.2% | 55 | 32 | 0 | 0 | - | - |
| Interest paid | 30% | 53 | 41 | 0 | 18 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -27.64 | 0 | - | - |
| Net Cashflows from Financing Activities | 55.9% | 762 | 489 | 121 | -16.76 | - | - |
| Effect of exchange rate on cash eq. | - | 0 | 0 | 41 | 0 | - | - |
| Net change in cash and cash eq. | 3291.9% | 159 | -3.95 | 116 | -6.36 | - | - |