Texmaco Rail & Engineering Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,247 Cr
- P/E
- 19.55
- ROE
- 7.30%
- PEG
- 0.21
- Price to sales
- 1.00
- Debt to equity
- 0.38
- 52W high / low
- ₹140 / ₹78.8
- Sales growth (5Y)
- 20.98%
- EBITDA margin
- 8.91%
- Net profit margin
- 4.28%
- Promoter holding
- 48.34%
- Sales (last year)
- ₹4,223 Cr
Texmaco Rail & Engineering Ltd is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. [1] [2]
Guidance scorecard · Q1 FY27 call
What Texmaco Rail & Engineering Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
10–20%- Texmaco expects strong revenue growth driven by private and export orders, with a target of 15-20% growth in 1-2 years (FY27/FY28).
- Incremental top-line growth of 20-50% annually possible from new business initiatives alongside core rolling stock.
- The company aims to double its top-line from INR5,000-6,000 crores to approximately INR10,000-12,000 crores by 2030 through diversification and expansion.
- Focus on quality and profitability rather than just volume, with a shift to specialized wagons and complementary businesses.
- Order inflow remains robust, with over 6,000 wagons in the order book plus large export orders (e.g., South Africa).
2 more points from Texmaco Rail & Engineering Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Texmaco Rail & Engineering Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Texmaco is considering investments in defense and Kavach areas, but these will not involve major capital allocation.
- Plans are underway to potentially establish locomotive and wagon manufacturing plants in South Africa, which might entail investments of around INR 200-300 crores to support export business and localize manufacturing.
- Leasing platform expansion involves near-term investment to start around 100 additional rakes for wagon leasing, enhancing market share from 15% to 50%.
- Core business investments will continue, including in signaling, electrification, and infrastructure projects like Dedicated Freight Corridor (DFC).
2 more points from Texmaco Rail & Engineering Ltd's call on capex
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FundraisingQ1 FY27 call
See what Texmaco Rail & Engineering Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of Q1 FY27, Texmaco has over 6,000 wagons on order pending execution.
- The total order book stands at approximately INR 9,923 crores, providing multi-year execution visibility.
- Recent orders include a major South African wagon order worth slightly over INR 2,000 crores, forming part of the total INR 4,100 crores order from South Africa which also includes long-term maintenance contracts.
- The order book is increasingly diversified with 96.4% from private sector and exports as of Q1 FY27, up from 79% in FY26.
- The company secured orders worth INR 5,200 crores in the recent quarter, with execution timelines stretching over the coming financial years.
2 more points from Texmaco Rail & Engineering Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Texmaco Rail & Engineering Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Texmaco Rail & Engineering Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 835 | 657 | 805 | 896 | 1,145 | 1,088 | 1,346 | 1,326 | 1,346 | 911 | 1,258 | 1,042 | 1,167 |
| Expenses + | 780 | 636 | 729 | 814 | 1,061 | 981 | 1,214 | 1,196 | 1,249 | 840 | 1,134 | 953 | 1,061 |
| Operating Profit | 55 | 21 | 76 | 82 | 84 | 107 | 132 | 131 | 98 | 71 | 124 | 89 | 106 |
| OPM % | 7% | 3% | 9% | 9% | 7% | 10% | 10% | 10% | 7% | 8% | 10% | 9% | 9% |
| Other Income + | 8 | 36 | 5 | 9 | 20 | 23 | 23 | 8 | 20 | 14 | 15 | 18 | 10 |
| Interest | 31 | 35 | 37 | 34 | 28 | 28 | 40 | 35 | 34 | 31 | 30 | 31 | 30 |
| Depreciation | 9 | 12 | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 13 |
| Profit before tax | 23 | 11 | 36 | 49 | 67 | 91 | 104 | 93 | 73 | 44 | 98 | 63 | 72 |
| Tax % | 35% | 20% | 44% | 47% | 38% | 35% | 29% | 25% | 46% | 33% | 35% | 33% | 20% |
| Net Profit + | 18 | 13 | 25 | 30 | 45 | 59 | 74 | 76 | 39 | 29 | 64 | 42 | 58 |
| EPS in Rs | 0.57 | 0.40 | 0.77 | 0.80 | 1.13 | 1.50 | 1.82 | 1.92 | 1.00 | 0.75 | 1.62 | 1.05 | 1.42 |
Financials of Texmaco Rail & Engineering Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,102 | 1,324 | 1,135 | 1,858 | 1,832 | 1,689 | 1,814 | 2,243 | 3,503 | 5,107 | 4,377 |
| Expenses + | 1,052 | 1,249 | 1,071 | 1,688 | 1,672 | 1,570 | 1,674 | 2,098 | 3,239 | 4,639 | 3,987 |
| Operating Profit | 50 | 74 | 64 | 170 | 160 | 119 | 140 | 145 | 264 | 467 | 390 |
| OPM % | 5% | 6% | 6% | 9% | 9% | 7% | 8% | 6% | 8% | 9% | 9% |
| Other Income + | 44 | 46 | 48 | 15 | -129 | 25 | 22 | 26 | 70 | 58 | 57 |
| Interest | 50 | 58 | 61 | 70 | 97 | 103 | 100 | 116 | 133 | 137 | 123 |
| Depreciation | 17 | 22 | 25 | 29 | 36 | 37 | 36 | 35 | 38 | 43 | 47 |
| Profit before tax | 27 | 39 | 26 | 86 | -102 | 3 | 26 | 20 | 162 | 345 | 277 |
| Tax % | 28% | 31% | 48% | 15% | -32% | -8% | 54% | 44% | 41% | 35% | 30% |
| Net Profit + | 20 | 29 | 13 | 75 | -65 | 12 | 21 | 26 | 113 | 249 | 194 |
| EPS in Rs | 0.59 | 0.78 | 0.38 | 2.24 | -1.88 | 0.44 | 0.64 | 0.81 | 2.83 | 6.24 | 4.80 |
| Dividend Payout % | 28% | 21% | 44% | 10% | -3% | 18% | 16% | 19% | 18% | 12% | 16% |
Financials of Texmaco Rail & Engineering Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 22 | 22 | 22 | 25 | 32 | 32 | 40 | 40 | 41 |
| Reserves | 954 | 983 | 1,048 | 1,116 | 1,005 | 1,116 | 1,298 | 1,360 | 2,493 | 2,757 | 2,333 |
| Borrowings + | 432 | 433 | 522 | 575 | 760 | 779 | 710 | 984 | 631 | 948 | 895 |
| Other Liabilities + | 584 | 540 | 656 | 979 | 1,099 | 721 | 624 | 1,009 | 1,021 | 1,092 | 1,785 |
| Total Liabilities | 1,991 | 1,978 | 2,249 | 2,693 | 2,887 | 2,642 | 2,664 | 3,385 | 4,185 | 4,837 | 5,054 |
| Fixed Assets + | 329 | 370 | 372 | 393 | 437 | 406 | 389 | 431 | 460 | 993 | 1,023 |
| CWIP | 4 | 2 | 5 | 14 | 7 | 4 | 2 | 9 | 22 | 66 | 165 |
| Investments | 432 | 390 | 253 | 143 | 101 | 131 | 77 | 104 | 425 | 246 | 373 |
| Other Assets + | 1,226 | 1,217 | 1,618 | 2,144 | 2,342 | 2,100 | 2,195 | 2,840 | 3,278 | 3,532 | 3,494 |
| Total Assets | 1,991 | 1,978 | 2,249 | 2,693 | 2,887 | 2,642 | 2,664 | 3,385 | 4,185 | 4,837 | 5,054 |
Financials of Texmaco Rail & Engineering Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -84 | -34 | -175 | 4 | 10 | 40 | 27 | -103 | 96 | -47 | 363 |
| Cash from Investing Activity + | 77 | 40 | 161 | 38 | -101 | -21 | 18 | -73 | -633 | -96 | -231 |
| Cash from Financing Activity + | 18 | -15 | 18 | -47 | 96 | -13 | -12 | 151 | 533 | 172 | -101 |
| Net Cash Flow | 10 | -9 | 3 | -5 | 6 | 6 | 33 | -25 | -4 | 30 | 31 |
| Free Cash Flow | -108 | -94 | -205 | -57 | -69 | 32 | 11 | -156 | 14 | -579 | 196 |
| CFO/OP | -171% | -26% | -253% | 17% | 17% | 42% | 35% | -67% | 32% | -0% | 107% |
Financials of Texmaco Rail & Engineering Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 159 | 151 | 219 | 160 | 128 | 132 | 115 | 128 | 92 | 98 | 104 |
| Inventory Days | 161 | 89 | 140 | 127 | 161 | 96 | 120 | 153 | 99 | 79 | 89 |
| Days Payable | 168 | 114 | 159 | 157 | 166 | 133 | 104 | 128 | 93 | 59 | 62 |
| Cash Conversion Cycle | 151 | 126 | 200 | 130 | 123 | 95 | 131 | 152 | 98 | 117 | 131 |
| Working Capital Days | 43 | 54 | 125 | 147 | 105 | 123 | 153 | 137 | 151 | 123 | 100 |
| ROCE % | 6% | 6% | 9% | 8% | 6% | 6% | 6% | 11% | 14% | 11% |
Guidance history
How Texmaco Rail & Engineering Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −23.9% | 31% |
| Last 6 months | −1.2% | 52% |
| Last 3 months | −5.6% | 52% |
The price is 63.8% below its all-time high of ₹287.55 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 44 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Texmaco Rail & Engineering Ltd: 0.4 × 31 + 0.4 × 52 + 0.2 × 52 = 44, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Texmaco Rail & Engineering Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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