Texmaco Rail & Engineering Limited (TEXRAIL)

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Texmaco Rail & Engineering Limited (TEXRAIL) · mywealthgrid

About

Texmaco Rail & Engineering manufactures railway wagons for India's rail sector. With a market cap of ₹4,266 Cr and recent quarterly revenues ranging from ₹750–1,250 Cr, it operates as a mid-cap player in the capital-intensive railway equipment segment. Operating margins of 8–10% reflect typical industrial manufacturing returns in this cyclical, infrastructure-dependent business.

Face value: ₹1

Market cap

₹5,162 Cr

P/E

24.0×

P/B

2.2×

Dividend yield

1.2%

ROE

7.5%

ROCE

12.5%

Debt / equity

0.37

OPM

8.9%

EPS (TTM)

₹5.3

Book value

₹58.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin operating margins (8.92% OPM) combined with volatile quarterly revenues (₹1,257 Cr in Sep 2025 to ₹752 Cr in Jun 2026) create high earnings sensitivity to volume changes
PE ratio of 19.83 appears elevated relative to ROE of 7.55%; verify whether earnings growth can justify the current valuation
Foreign institutional investors reduced holdings from 7.22% to 5.01% in three months; verify reasons for the institutional exit
Railway wagon demand depends on government railway capex; verify current capex allocations and order pipeline trends

Generated analysis · source review pending

Growth drivers

Operating margins of 8–10% in Sep 2025–Mar 2026 demonstrate the cost structure supports profitability at volumes above Q1's ₹752 Cr; verify whether demand can stabilize at historical levels
Low D/E ratio of 0.37 provides financial flexibility for capacity investments or strategic growth initiatives
Verify government railway capex pipeline and current order backlog to assess volume growth prospects

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹126.9+0.9%1Y

Quick read

rule-based

Pros

+Profit CAGR of 69% over the last 5 years
+Revenue CAGR of 21% over the last 5 years
+Dividend payout of 28.4% of profit

Cons

−Low return on equity of 7.6% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 29
Growth: 75
Valuation: 64

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Swan Defence And Heavy Industries LimitedSWANDEFSWANDEF	₹14,325 Cr	₹17,050 Cr	₹312 Cr	₹-299 Cr	-109.8%	₹-237 Cr	-80.1%	-7.9%	-123.7%	725

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,832	1,689	1,622	2,243	3,503	5,107	4,377
COGS	1,390	1,327	1,222	1,799	2,865	4,182	3,555
Gross profit	441	362	399	444	638	925	822
	277	235	251	285	357	434	409
	164	127	149	160	280	491	413
OPM %	9%	7.5%	9.2%	7.1%	8%	9.6%	9.4%
Depreciation	36	37	36	35	38	43	47
Interest	97	103	100	116	133	137	123
	-129	25	22	26	70	58	34
Profit before tax	-98	12	35	35	179	368	277
Tax	-33	-0	14	9	66	119	84
Tax %	-33.6%	-2.3%	40.9%	25.6%	36.9%	32.4%	30.2%
	-65	12	21	26	113	249	194
PAT margin %	-3.5%	0.7%	1.3%	1.2%	3.2%	4.9%	4.4%
EPS (₹)	-2.9	0.5	0.8	0.8	3.3	6.2	4.8
EPS adjusted (₹)	—	0.6	0.6	0.8	2.8	6.2	4.8
	—	18.9%	13.3%	18.5%	15.2%	12%	15.5%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	22	22	22	25	32	32	40	40	41
Reserves	983	1,035	1,050	1,116	1,298	1,360	2,493	2,757	2,333
Minority interest	—	—	—	—	—	—	—	33	38
	427	397	515	779	710	982	630	925	873
	546	522	663	721	624	1,011	1,022	1,081	1,769
Total equity & liabilities	1,978	1,976	2,251	2,642	2,664	3,385	4,185	4,837	5,054
	369	341	344	376	360	403	433	967	997
CWIP	2	2	5	4	2	9	22	64	165
Investments	390	391	253	161	106	132	452	272	398
	1,218	1,243	1,647	2,101	2,195	2,840	3,278	3,535	3,494
Total assets	1,978	1,976	2,251	2,642	2,664	3,385	4,185	4,837	5,054

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Freight Car Division	3,419.25	283.74	3,046.9	1,476.8	1,570.1	18.07
Infra-Electrical	609.68	65.93

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.1%	21.4%	24.6%	19.8%	18.2%	18.1%	18.8%
EBITDA margin %	8.7%	7%	8.7%	6.5%	7.5%	9.2%	8.9%
EBIT margin %	6.8%	4.8%	6.4%	4.9%	6.4%	8.3%	7.8%
PAT margin %	-3.5%	0.7%	1.3%	1.2%	3.2%	4.9%	4.4%
Working capital
Receivable days	—	132	128	128	92	98	104
Inventory days	—	85	108	137	92	74	89
Payable days	—	118	93	115	86	56	62
NWC days	—	99	143	150	98	116	131
Leverage
Current ratio	—	1.54	1.8	1.57	2.61	2.28	1.64
Debt to EBITDA	—	6.56	5.06	6.76	2.39	1.98	2.24
Debt to equity	—	0.68	0.53	0.71	0.25	0.33	0.37
Interest coverage	1.5	1	1.3	1.2	2.2	3.5	3.1
Asset turnover	—	0.64	0.61	0.66	0.84	1.06	0.87
Return ratios
Return on assets %	—	0.5%	0.8%	0.8%	2.7%	5.1%	3.8%
Return on capital employed %	—	8%	9%	8.7%	13.1%	15.7%	12.5%
Return on equity %	—	1.1%	1.5%	1.9%	4.5%	8.9%	8.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.7%	50.16%	48.14%	48.14%	48.14%	48.14%	48.26%	48.26%	48.26%	48.34%	48.34%	48.34%
	2.3%	9.57%	11.05%	9.09%	7.87%	8.09%	8.14%	8.14%	7.03%	7.07%	7.22%	5.01%
	6.16%	8.82%	8.32%	8.95%	8.72%	8.51%	7.9%	7.37%	7.21%	6.25%	5.79%	5.13%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.84%	31.45%	32.49%	33.82%	35.27%	35.26%	35.7%	36.23%	37.5%	38.34%	38.65%	41.52%
No. of shareholders	—	—	—	—	—	—	—	—	3,91,153	3,83,011	3,76,192	3,83,307

Promoter holding down 10.36 percentage points since Sep 2023.

31 deals · 24 Jul 2023 – 14 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	29,79,129	₹127.11	₹37.87 Cr
14 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	29,79,129	₹127.04	₹37.85 Cr
14 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	28,99,570	₹127.19	₹36.88 Cr
14 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	28,97,216	₹127.26	₹36.87 Cr
14 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	22,56,094	₹126.95	₹28.64 Cr
14 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	22,56,094	₹127.02	₹28.66 Cr
13 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	68,54,083	₹119.64	₹82.00 Cr
13 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	68,54,083	₹119.57	₹81.95 Cr
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	29,18,838	₹118.80	₹34.68 Cr
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	29,18,838	₹118.75	₹34.66 Cr

1–10 of 31

1 / 4

Mr. Saroj Kumar PoddarExecutive Director-Chairperson related to Promoter
Mr. Utsav ParekhNon-Executive - Independent Director
Mr. Virendra SinhaNon-Executive - Independent Director
Mr. Partha Sarathi BhattacharyyaNon-Executive - Independent Director
Mrs. Rusha MitraNon-Executive - Independent Director
Mr. Akshay PoddarNon-Executive - Non Independent Director
Mr. Indrajit MookerjeeExecutive Director
Mr. Sudipta MukherjeeExecutive Director-MD
Mr. Ashok Kumar VijayExecutive Director
Mr. Udyavar Vittal KamathExecutive Director
Mr. Hemant BangurNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

2.94%

of the company's equity

All mutual funds

4.74%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	1.14 Cr	124.3	0.15%	2.804%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	5.31 L	5.78	0.23%	0.13%	-11,616
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	3,632	0.04	0.01%	0.001%	+17
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	603	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit rating2 Jul 2026

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

16

Dividend dividend11 Sept 2026 · ex-date₹0.75
Dividend dividend15 Sept 2025 · ex-date₹0.75
Dividend dividend19 Sept 2024 · ex-date₹0.5
Dividend dividend18 Sept 2023 · ex-date₹0.15
Dividend dividend22 Sept 2022 · ex-date₹0.1
Dividend dividend16 Sept 2021 · ex-date₹0.1
Final dividend23 Sept 2020 · ex-date₹0.1
Dividend dividend22 Aug 2019 · ex-date₹0.35
Dividend dividend28 Aug 2018 · ex-date₹0.25
Dividend dividend7 Sept 2017 · ex-date₹0.25
Dividend dividend16 Sept 2016 · ex-date₹0.25
Dividend dividend18 Sept 2015 · ex-date₹0.25
Dividend dividend27 Aug 2014 · ex-date₹0.25
Dividend dividend29 Aug 2013 · ex-date₹1
Dividend dividend27 Aug 2012 · ex-date₹1
Dividend dividend24 Aug 2011 · ex-date₹1

1

Board meeting to consider results3 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

151 announcementsExport CSV

30 Sept 2026, 5:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

19 Sept 2026, 5:25 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 4:04 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

18 Sept 2026, 3:59 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

17 Sept 2026, 4:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

10 Sept 2026, 4:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

5 Sept 2026, 9:29 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

5 Sept 2026, 6:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:15 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
19 Sept 2026, 5:25 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	24.1%	21.4%	24.6%	19.8%	18.2%	18.1%	18.8%
EBITDA margin %	8.7%	7%	8.7%	6.5%	7.5%	9.2%	8.9%
EBIT margin %	6.8%	4.8%	6.4%	4.9%	6.4%	8.3%	7.8%
PAT margin %	-3.5%	0.7%	1.3%	1.2%	3.2%	4.9%	4.4%
Working capital
Receivable days	—	132	128	128	92	98	104
Inventory days	—	85	108	137	92	74	89
Payable days	—	118	93	115	86	56	62
NWC days	—	99	143	150	98	116	131
Leverage
Current ratio	—	1.54	1.8	1.57	2.61	2.28	1.64
Debt to EBITDA	—	6.56	5.06	6.76	2.39	1.98	2.24
Debt to equity	—	0.68	0.53	0.71	0.25	0.33	0.37
Interest coverage	1.5	1	1.3	1.2	2.2	3.5	3.1
Asset turnover	—	0.64	0.61	0.66	0.84	1.06	0.87
Return ratios
Return on assets %	—	0.5%	0.8%	0.8%	2.7%	5.1%	3.8%
Return on capital employed %	—	8%	9%	8.7%	13.1%	15.7%	12.5%
Return on equity %	—	1.1%	1.5%	1.9%	4.5%	8.9%	8.2%

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-65	-23	10	40	27	-103	96	-47	363
	66	63	-99	-23	20	-76	-633	-96	-231
	8	-52	96	-13	-12	151	533	172	-101
Net cash flow	10	-11	6	4	36	-28	-4	30	31
Free cash flow	-86	-54	—	40	11	-156	14	-579	196
CFO / Operating profit %	—	—	6.5%	34%	19.4%	-70.7%	36.4%	-10%	92.9%

Texmaco Rail & Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

16

1

Announcements

16

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

FREIGHT CAR DIVISION · revenue

Texmaco Rail & Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends16

Board meetings1

Announcements

Dividends16

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

FREIGHT CAR DIVISION · revenue

16

1

16

1