Titagarh Rail Systems Ltd Share Price ₹859

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Titagarh Rail Systems Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	766	974	911	935	955	1,052	903	1,057	902	1,006	679	799	832
Expenses +	701	882	805	821	844	935	806	932	809	913	615	725	747
Operating Profit	65	92	106	115	111	118	97	125	94	93	64	74	85
OPM %	9%	9%	12%	12%	12%	11%	11%	12%	10%	9%	9%	9%	10%
Other Income +	11	7	4	7	14	12	12	10	23	30	11	14	11
Interest	23	22	19	20	18	16	13	17	21	22	18	18	18
Depreciation	5	6	7	7	7	7	7	8	6	8	12	12	13
Profit before tax	48	70	84	95	100	108	90	111	89	92	45	57	65
Tax %	32%	31%	27%	25%	25%	27%	26%	27%	29%	30%	32%	35%	26%
Net Profit +	33	48	62	71	75	79	67	81	63	64	31	37	48
EPS in Rs	2.72	4.03	5.17	5.55	5.56	5.86	4.98	5.99	4.66	4.89	2.29	2.74	3.57

Financials of Titagarh Rail Systems Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	624	761	959	1,714	1,268	1,559	1,766	1,521	1,468	2,780	3,853	3,868	3,316
Expenses +	619	721	929	1,605	1,365	1,550	1,645	1,440	1,303	2,529	3,404	3,459	3,001
Operating Profit	5	40	30	108	-97	9	121	81	165	251	449	409	315
OPM %	1%	5%	3%	6%	-8%	1%	7%	5%	11%	9%	12%	11%	10%
Other Income +	20	-0	20	24	25	25	-60	25	-61	34	38	75	66
Interest	14	18	17	31	44	65	88	81	57	81	73	73	76
Depreciation	18	26	46	52	51	24	29	30	18	22	27	30	45
Profit before tax	-7	-4	-13	50	-167	-56	-57	-6	29	181	386	382	260
Tax %	58%	177%	52%	45%	-12%	-59%	-36%	237%	102%	31%	26%	28%
Net Profit +	-10	-10	-20	27	-147	-23	-36	-19	-1	126	286	275	181
EPS in Rs	-0.89	-0.33	-1.69	2.33	-12.43	-2.47	-2.96	-1.26	-0.03	10.89	21.25	20.52	13.49
Dividend Payout %	-90%	-48%	-47%	34%	-2%	-12%	0%	0%	0%	5%	4%	5%

Financials of Titagarh Rail Systems Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	20	20	23	23	23	23	23	24	24	24	27	27	27
Reserves	642	669	930	944	832	793	743	817	818	940	2,191	2,456	2,511
Borrowings +	128	125	233	372	624	896	730	847	920	353	166	627	637
Other Liabilities +	289	246	1,493	1,356	1,210	975	775	775	903	931	832	651	625
Total Liabilities	1,080	1,060	2,678	2,695	2,689	2,687	2,272	2,462	2,664	2,248	3,216	3,761	3,801
Fixed Assets +	323	416	977	933	958	935	872	871	966	732	748	992	1,216
CWIP	11	27	13	15	27	36	0	41	61	12	174	122	128
Investments	33	1	21	82	83	87	29	31	30	32	198	299	310
Other Assets +	712	616	1,666	1,665	1,621	1,630	1,371	1,518	1,607	1,472	2,097	2,348	2,146
Total Assets	1,080	1,060	2,678	2,695	2,689	2,687	2,272	2,462	2,664	2,248	3,216	3,761	3,801

Financials of Titagarh Rail Systems Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	68	102	-154	-177	-121	-124	154	68	55	41	86	-97
Cash from Investing Activity +	-34	-25	-50	44	-45	-49	4	-60	-73	-61	-537	-579
Cash from Financing Activity +	-17	-69	216	111	191	214	-227	43	-53	67	724	372
Net Cash Flow	18	8	11	-22	25	40	-70	51	-71	46	274	-304
Free Cash Flow	21	61	-176	-199	-150	-188	129	9	-41	4	-78	-328
CFO/OP	1,417%	280%	-501%	-154%	104%	-1,161%	136%	82%	40%	43%	41%	-0%

Financials of Titagarh Rail Systems Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	81	54	87	50	79	81	52	136	58	37	50	63
Inventory Days	313	176	471	182	213	203	119	142	176	78	64	65
Days Payable	84	75	248	150	148	209	111	146	153	55	39	29
Cash Conversion Cycle	310	155	310	82	145	75	60	131	81	60	75	99
Working Capital Days	103	55	57	38	3	62	96	90	48	20	61	58
ROCE %	2%	5%	2%	6%	-8%	1%	7%	5%	9%	18%	25%	17%