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| Name | Titagarh Rail Rockets 273% In A Year—Will Rally Continue? |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 17-05-2024 13:27:35 |
| Video Discription | #easynomics #titagarh #titagarhrailsystems #vandebharattrain #elections2024 Multibagger stock Titagarh Rail Systems shares skyrocketed over 170% in the last year. Brokerage houses are bullish on the stock. Nuvama's target price suggests a further 22% upside, while Morgan Stanley forecasts a 28% earnings CAGR from FY24 to FY27 for Titagarh. The wagons and coaches manufacturer logged a 64% year-on-year (YoY) surge in profit, reaching Rs 79 crore in the March quarter, up from Rs 48 crore YoY. Revenue from operations climbed 8% to Rs 1,052 crore in the March quarter, compared to Rs 974 crore in the same quarter last year. EBITDA margin rose by 160 basis points YoY to 11.4%, aided by operating leverage. The Board of Titagarh also declared a dividend of Rs 0.80 per share along with the quarterly results. The company ended the quarter with an order book of Rs 28,100 crore, of which Rs 14,800 crore is to be executed over the next three to five years. Titagarh Rail Systems, a leading manufacturer of railway freight wagons in the private sector, is rapidly diversifying into passenger rail systems, including the development of driverless metro trains. A critical supplier to Indian Railways, the Kolkata-based company's operations have expanded to keep up with its diversification. This includes the manufacture of Vande Bharat train sets, metro coaches, and propulsion systems in the passenger railway segment. Watch BTTV Managing Editor Siddharth Zarabi in conversation with Prithish Chowdhary, Deputy MD, Titagarh Rail Systems. ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ SWkPSi8hvO4 |
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