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Texmaco Rail & Engineering Ltd

Q3 FY26Industrial Manufacturing

Texmaco Rail & Engineering Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹104
Market cap₹4.3K Cr
P/E19.6
Updated25 Aug 2026
Read6 min read

The short version

Texmaco aims to double its size (2x growth) over the next 3 to 5 years, termed as "Texmaco 2.0." - The company expects wagon numbers to remain stable with new wagon orders in pipeline for at least next 6 months. - Growth expected from special efforts to expand Foundry business and profitable export orders. - Expansion planned into nonconventional segments including propulsion systems, urban mobility (metro, EMU coaches), and safety systems. - Infrastructure and electrical infra divisions projected to contribute positively starting next financial year. - Focus on improving leasing business and capturing private sector demand (cement, steel, auto sectors). - Awaiting large government wagon tenders expected soon, supporting consistent order flow over next 5-7 years. - New business areas like iron pellets and mining are also expected to generate revenue. - Order book robust at Rs. Texmaco aims to double its top line and achieve higher EBITDA margins within 3 to 5 years, under the "Texmaco 2.0" plan. - Focus remains on expanding freight rolling stock business with design innovations to enhance competitiveness and profitability. - Growth in Foundry business expected to double in 3-4 quarters, supported by export resumption. - Infrastructure and new business segments like leasing, propulsion systems, urban mobility, wheelset, iron pellets, and mining are expected to contribute positively. - Operating cash flow anticipated to improve going forward as turnover grows and integration benefits from acquisitions materialize. - Consistent order book of Rs.

From Texmaco Rail & Engineering Ltd's Q3 FY26 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

  • Texmaco aims to double its size (2x growth) over the next 3 to 5 years, termed as "Texmaco 2.0."
  • The company expects wagon numbers to remain stable with new wagon orders in pipeline for at least next 6 months.
  • Growth expected from special efforts to expand Foundry business and profitable export orders.
  • Expansion planned into nonconventional segments including propulsion systems, urban mobility (metro, EMU coaches), and safety systems.
  • Infrastructure and electrical infra divisions projected to contribute positively starting next financial year.
  • Focus on improving leasing business and capturing private sector demand (cement, steel, auto sectors).
  • Awaiting large government wagon tenders expected soon, supporting consistent order flow over next 5-7 years.

2 more points from Texmaco Rail & Engineering Ltd's call on revenue

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Profitability & Margins

See what Texmaco Rail & Engineering Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex spent in 9 months of the current year is about Rs. 40 crores, with a total projected spend of Rs. 75-80 crores for the full year. (Page 13)
  • Future capex and investments will be sensible, robust, and within the company’s capacity to ensure value creation and EBITDA improvement. (Page 8)
  • Texmaco is actively working on building capabilities in propulsion systems, EMUs, brakes, and passenger mobility segments—likely through partnerships/JVs. (Page 7)
  • Investments in new businesses such as a global capability center (design and service hub) expected to start generating income within two quarters. (Page 7)
  • Strategic focus on expansion of Foundry business, aiming to double volumes in 3-4 quarters. (Page 6)

2 more points from Texmaco Rail & Engineering Ltd's call on capex

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Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

Guidance-ranked
1ICE Make Refrig.
Rev 1Mar 2
2Taurian MPS
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • As of December 31, 2025, Texmaco's order book stood at Rs. 5,661 crores.
  • The order book includes approximately 4,900 wagons: around 3,000 for Indian Railways, 1,400 private sector, and 600 for export.
  • Rail electrification orders are around Rs. 1,800 crores.
  • Rail infrastructure orders stand at approximately Rs. 511 crores.
  • Foundry business is expected to grow with export orders in the pipeline, including U.S. and European opportunities.
  • Incoming wagon orders are expected to cover nearly two quarters of production capacity, with new orders anticipated soon.
  • Tenders for wagons are delayed but expected soon, possibly in early FY27.

2 more points from Texmaco Rail & Engineering Ltd's call on order book

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Texmaco Rail & Engineering Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net profit ₹58 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Texmaco Rail's management said in earlier quarters

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Frequently Asked Questions

What were Texmaco Rail & Engineering Ltd Q3 FY26 results?

Texmaco aims to double its size (2x growth) over the next 3 to 5 years, termed as "Texmaco 2.0." - The company expects wagon numbers to remain stable with new wagon orders in pipeline for at least next 6 months. - Growth expected from special efforts to expand Foundry business and profitable export orders. - Expansion planned into nonconventional segments including propulsion systems, urban mobility (metro, EMU coaches), and safety systems. - Infrastructure and electrical infra divisions projected to contribute positively starting next financial year. - Focus on improving leasing business and capturing private sector demand (cement, steel, auto sectors). - Awaiting large government wagon tenders expected soon, supporting consistent order flow over next 5-7 years. - New business areas like iron pellets and mining are also expected to generate revenue. - Order book robust at Rs. Texmaco aims to double its top line and achieve higher EBITDA margins within 3 to 5 years, under the "Texmaco 2.0" plan. - Focus remains on expanding freight rolling stock business with design innovations to enhance competitiveness and profitability. - Growth in Foundry business expected to double in 3-4 quarters, supported by export resumption. - Infrastructure and new business segments like leasing, propulsion systems, urban mobility, wheelset, iron pellets, and mining are expected to contribute positively. - Operating cash flow anticipated to improve going forward as turnover grows and integration benefits from acquisitions materialize. - Consistent order book of Rs.

What is Texmaco Rail & Engineering Ltd share price analysis?

Texmaco Rail & Engineering Ltd currently shows a neutral. The stock trades at a P/E of 19.6 with a market cap of ₹4,255 Cr. Investors should review the full earnings analysis for detailed insights.

Is Texmaco Rail & Engineering Ltd planning capital expenditure?

Capex spent in 9 months of the current year is about Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.