TEXRAIL

Texmaco Rail & Engineering Limited

Rail and infrastructure engineering company with freight wagons and rail systems

Industrials›Capital Goods›Industrial Manufacturing›Railway Wagons

texmaco.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹109.27
Market cap
4,445 Cr
Stock P/E
20.7
P/B
1.87
Dividend yield
0.7%
ROE (FY26)
8.1%
ROCE (FY26)
12.2%
Operating margin (FY26)
7.8%
Debt / equity (FY26)
0.37
OCF / EBITDA (FY26)
92.9%
OCF / EBITDA (3Y)
36.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Texmaco Rail (Texmaco Rail & Engineering) makes freight wagons and foundry castings for Indian Railways, private operators and export customers, and also builds rail electrification and other rail infrastructure.

Company snapshot

3rdBy market cap

Ranked among 4 companies in Railway Wagons.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 85.7% of revenue

SegmentRevenue shareRevenuePBTAssets
FREIGHT CAR DIVISION
85.7%
3,223 Cr315 Cr—
INFRA ELECTRICAL
6.1%
230 Cr28 Cr—
INFRA RAIL & GREEN ENERGY
8.2%
308 Cr-30 Cr—
OTHER UNALLOCATED—0 Cr25 Cr—

What we see

Concerns
  • ✗Only 37% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales805 Cr896 Cr1,145 Cr892 Cr1,346 Cr1,326 Cr1,346 Cr911 Cr1,258 Cr1,042 Cr1,167 Cr757 Cr
Operating expenses (approx.)729 Cr814 Cr1,061 Cr821 Cr1,214 Cr1,196 Cr1,249 Cr840 Cr1,134 Cr953 Cr1,061 Cr700 Cr
EBITDA76 Cr82 Cr84 Cr70 Cr132 Cr131 Cr98 Cr71 Cr124 Cr89 Cr106 Cr57 Cr
OPM %9.5%9.2%7.3%7.9%9.8%9.8%7.2%7.8%9.9%8.5%9.1%7.5%
Other income5 Cr9 Cr20 Cr16 Cr16 Cr8 Cr17 Cr8 Cr8 Cr13 Cr8 Cr19 Cr
Interest37 Cr34 Cr28 Cr24 Cr40 Cr35 Cr34 Cr31 Cr30 Cr31 Cr30 Cr25 Cr
Depreciation9 Cr9 Cr9 Cr8 Cr11 Cr11 Cr11 Cr11 Cr11 Cr12 Cr13 Cr12 Cr
Profit before tax41 Cr53 Cr70 Cr60 Cr104 Cr100 Cr73 Cr44 Cr115 Cr63 Cr72 Cr43 Cr
Tax %39.4%42.9%35.6%40.5%28.9%23.3%46.2%32.8%44.3%33.0%19.9%-17.8%
Net profit25 Cr30 Cr45 Cr36 Cr74 Cr76 Cr39 Cr29 Cr64 Cr42 Cr58 Cr50 Cr
EPS (₹)₹0.76₹0.92₹1.32₹0.91₹1.82₹1.92₹1.00₹0.75₹1.62₹1.07₹1.42₹1.23

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,357 Cr1,151 Cr1,858 Cr1,832 Cr1,689 Cr1,622 Cr2,243 Cr3,503 Cr5,107 Cr4,377 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,283 Cr1,087 Cr1,688 Cr1,672 Cr1,570 Cr1,482 Cr2,098 Cr3,239 Cr4,639 Cr3,987 CrSign in free for the trailing twelve months
EBITDA74 Cr64 Cr170 Cr160 Cr119 Cr140 Cr145 Cr264 Cr467 Cr390 CrSign in free for the trailing twelve months
OPM %5.5%5.5%9.1%8.7%7.0%8.6%6.5%7.5%9.2%8.9%Sign in free for the trailing twelve months
Other income46 Cr48 Cr15 Cr21 Cr25 Cr22 Cr26 Cr70 Cr58 Cr37 CrSign in free for the trailing twelve months
Interest58 Cr61 Cr70 Cr97 Cr103 Cr100 Cr116 Cr133 Cr137 Cr123 CrSign in free for the trailing twelve months
Depreciation22 Cr25 Cr29 Cr36 Cr37 Cr36 Cr35 Cr38 Cr43 Cr47 CrSign in free for the trailing twelve months
Profit before tax42 Cr25 Cr88 Cr-98 Cr12 Cr35 Cr35 Cr179 Cr368 Cr277 CrSign in free for the trailing twelve months
Tax %29.5%49.0%14.6%33.6%-2.3%40.9%25.6%36.9%32.4%30.2%Sign in free for the trailing twelve months
Net profit29 Cr13 Cr75 Cr-65 Cr12 Cr21 Cr26 Cr113 Cr249 Cr194 CrSign in free for the trailing twelve months
EPS (₹)₹1.24₹0.58₹3.43₹-2.88₹0.53₹0.75₹0.81₹3.29₹6.24₹4.84Sign in free for the trailing twelve months
Dividend payout %————19.7%12.2%12.5%4.3%8.0%15.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital22 Cr22 Cr22 Cr22 Cr25 Cr32 Cr32 Cr40 Cr40 Cr41 Cr
Reserves983 Cr995 Cr1,117 Cr1,005 Cr1,116 Cr1,298 Cr1,360 Cr2,493 Cr2,757 Cr2,333 Cr
Borrowings427 Cr545 Cr574 Cr750 Cr763 Cr710 Cr982 Cr630 Cr925 Cr873 Cr
Other liabilities526 Cr667 Cr938 Cr1,111 Cr740 Cr626 Cr1,013 Cr1,025 Cr1,081 Cr1,769 Cr
Total liabilities1,978 Cr2,252 Cr2,651 Cr2,888 Cr2,642 Cr2,664 Cr3,385 Cr4,185 Cr4,837 Cr5,054 Cr
Fixed assets (net)366 Cr370 Cr391 Cr404 Cr375 Cr359 Cr401 Cr428 Cr883 Cr909 Cr
CWIP2 Cr5 Cr14 Cr7 Cr4 Cr2 Cr9 Cr22 Cr64 Cr165 Cr
Investments390 Cr253 Cr143 Cr131 Cr161 Cr106 Cr132 Cr452 Cr272 Cr398 Cr
Loans & advances——5 Cr15 Cr19 Cr23 Cr15 Cr5 Cr4 Cr4 Cr
Inventories232 Cr291 Cr450 Cr537 Cr309 Cr361 Cr676 Cr724 Cr852 Cr868 Cr
Trade receivables548 Cr674 Cr820 Cr645 Cr611 Cr570 Cr785 Cr882 Cr1,367 Cr1,248 Cr
Cash & bank13 Cr16 Cr22 Cr17 Cr23 Cr56 Cr31 Cr27 Cr57 Cr90 Cr
Other assets428 Cr643 Cr806 Cr1,132 Cr1,139 Cr1,187 Cr1,335 Cr1,645 Cr1,338 Cr1,373 Cr
Total assets1,978 Cr2,252 Cr2,651 Cr2,888 Cr2,642 Cr2,664 Cr3,385 Cr4,185 Cr4,837 Cr5,054 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-34 Cr-236 Cr4 Cr10 Cr40 Cr27 Cr-103 Cr96 Cr-47 Cr363 Cr
Cash from investing40 Cr175 Cr47 Cr-99 Cr-23 Cr20 Cr-76 Cr-633 Cr-96 Cr-231 Cr
Cash from financing-15 Cr65 Cr-47 Cr96 Cr-13 Cr-12 Cr151 Cr533 Cr172 Cr-101 Cr
Net cash flow-9 Cr3 Cr5 Cr6 Cr6 Cr33 Cr-25 Cr-4 Cr30 Cr33 Cr
Free cash flow (OCF − Capex)-94 Cr-272 Cr—-69 Cr40 Cr11 Cr-156 Cr14 Cr-579 Cr196 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.9%5.4%9.3%-0.1%6.0%6.6%6.4%9.9%13.5%12.2%
ROE %2.6%1.2%6.6%-6.3%1.2%1.5%1.9%4.5%8.8%8.1%
Debtor days1472131611281321281279297104
Inventory days9711611013397106128927689
Days payable12412813613713591108865762
Cash conversion cycle1192001351249414214898116131
OCF / EBITDA %-46.1%-370.3%2.6%6.5%34.0%19.4%-70.7%36.3%-10.0%92.9%
OCF / EBITDA % (3 years)——-86.4%-56.3%12.3%18.6%-8.7%3.7%-6.1%36.7%
Debt / equity0.420.540.500.730.670.530.710.250.330.37
Current ratio1.641.531.451.401.521.831.572.612.281.64
Net debt / EBITDA5.59—3.254.596.234.666.552.291.862.01