Titagarh Rail Systems Limited
Titagarh Rail Systems Limited engages in the manufacture and sale of freight and passenger rail systems in India and internationally. The company offers forged wheel set, loco shells, couplers, draft gears, cast bogies, and cast manganese steel crossing products; automobile-carrying, flat, hopper, tank, box, covered, and special purpose wagons; and brake vans. It also provides passenger rolling s… Read more
Titagarh Rail Systems Limited (TITAGARH) - Net Assets
Latest net assets as of September 2025: ₹25.40 Billion INR
Based on the latest financial reports, Titagarh Rail Systems Limited (TITAGARH) has net assets worth ₹25.40 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹38.01 Billion) and total liabilities (₹12.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹25.40 Billion |
| % of Total Assets | 66.82% |
| Annual Growth Rate | 12.68% |
| 5-Year Change | 195.54% |
| 10-Year Change | 140.83% |
| Growth Volatility | 31.62 |
Titagarh Rail Systems Limited - Net Assets Trend (2008–2025)
This chart illustrates how Titagarh Rail Systems Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Titagarh Rail Systems Limited (2008–2025)
The table below shows the annual net assets of Titagarh Rail Systems Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹24.84 Billion | +11.98% |
| 2024-03-31 | ₹22.18 Billion | +130.22% |
| 2023-03-31 | ₹9.64 Billion | +14.40% |
| 2022-03-31 | ₹8.42 Billion | +0.20% |
| 2021-03-31 | ₹8.41 Billion | -0.58% |
| 2020-03-31 | ₹8.45 Billion | -4.87% |
| 2019-03-31 | ₹8.89 Billion | -3.21% |
| 2018-03-31 | ₹9.18 Billion | -12.25% |
| 2017-03-31 | ₹10.46 Billion | +1.44% |
| 2016-03-31 | ₹10.32 Billion | +42.22% |
| 2015-03-31 | ₹7.25 Billion | +6.03% |
| 2014-03-31 | ₹6.84 Billion | -2.53% |
| 2013-03-31 | ₹7.02 Billion | +1.26% |
| 2012-03-31 | ₹6.93 Billion | +16.33% |
| 2011-03-31 | ₹5.96 Billion | +31.17% |
| 2010-03-31 | ₹4.54 Billion | +16.15% |
| 2009-03-31 | ₹3.91 Billion | +19.75% |
| 2008-03-31 | ₹3.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Titagarh Rail Systems Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 935640000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹9.36 Billion | 37.68% |
| Common Stock | ₹269.30 Million | 1.08% |
| Other Comprehensive Income | ₹1.38 Billion | 5.56% |
| Other Components | ₹13.82 Billion | 55.67% |
| Total Equity | ₹24.83 Billion | 100.00% |
Titagarh Rail Systems Limited Competitors by Market Cap
The table below lists competitors of Titagarh Rail Systems Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Power HF Co Ltd
SHG:605100
|
$601.42 Million |
|
WEB Travel Group Ltd
AU:WEB
|
$601.69 Million |
|
GCS Holdings
TWO:4991
|
$601.84 Million |
|
Sercomm Corp
TW:5388
|
$602.02 Million |
|
Groupe Dynamite Inc
TO:GRGD
|
$601.34 Million |
|
POSEIDA THERAP. DL-0001
F:2RZ
|
$600.99 Million |
|
Pozavarovalnica Sava, d.d.
F:I69
|
$600.61 Million |
|
Wuxi Best Precision Machinery Co Ltd
SHE:300580
|
$600.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Titagarh Rail Systems Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,183,328,000 to 24,829,800,000, a change of 2,646,472,000 (11.9%).
- Net income of 2,763,900,000 contributed positively to equity growth.
- Dividend payments of 107,700,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,099,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.76 Billion | +11.13% |
| Dividends Paid | ₹107.70 Million | -0.43% |
| Other Comprehensive Income | ₹5.10 Million | +0.02% |
| Other Changes | ₹-14.83 Million | -0.06% |
| Total Change | ₹- | 11.93% |
Book Value vs Market Value Analysis
This analysis compares Titagarh Rail Systems Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.88x to 3.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ₹43.63 | ₹649.15 | x |
| 2009-03-31 | ₹42.51 | ₹649.15 | x |
| 2010-03-31 | ₹48.23 | ₹649.15 | x |
| 2011-03-31 | ₹60.73 | ₹649.15 | x |
| 2012-03-31 | ₹69.51 | ₹649.15 | x |
| 2013-03-31 | ₹67.43 | ₹649.15 | x |
| 2014-03-31 | ₹66.06 | ₹649.15 | x |
| 2015-03-31 | ₹68.69 | ₹649.15 | x |
| 2016-03-31 | ₹85.51 | ₹649.15 | x |
| 2017-03-31 | ₹83.61 | ₹649.15 | x |
| 2018-03-31 | ₹74.03 | ₹649.15 | x |
| 2019-03-31 | ₹70.65 | ₹649.15 | x |
| 2020-03-31 | ₹66.32 | ₹649.15 | x |
| 2021-03-31 | ₹71.84 | ₹649.15 | x |
| 2022-03-31 | ₹70.48 | ₹649.15 | x |
| 2023-03-31 | ₹80.58 | ₹649.15 | x |
| 2024-03-31 | ₹174.11 | ₹649.15 | x |
| 2025-03-31 | ₹184.33 | ₹649.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Titagarh Rail Systems Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.15%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.52x
- Recent ROE (11.13%) is above the historical average (4.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 18.55% | 10.82% | 1.05x | 1.63x | ₹279.10 Million |
| 2009 | 16.39% | 9.35% | 1.30x | 1.35x | ₹250.00 Million |
| 2010 | 13.26% | 10.86% | 0.71x | 1.73x | ₹148.07 Million |
| 2011 | 12.58% | 10.01% | 0.77x | 1.64x | ₹148.96 Million |
| 2012 | 12.52% | 10.76% | 0.74x | 1.58x | ₹167.55 Million |
| 2013 | 3.49% | 3.25% | 0.67x | 1.61x | ₹-440.44 Million |
| 2014 | -1.35% | -1.63% | 0.51x | 1.63x | ₹-751.85 Million |
| 2015 | -0.48% | -0.45% | 0.70x | 1.54x | ₹-721.98 Million |
| 2016 | -1.73% | -1.73% | 0.36x | 2.81x | ₹-1.12 Billion |
| 2017 | 2.78% | 1.57% | 0.63x | 2.79x | ₹-698.55 Million |
| 2018 | -16.80% | -11.33% | 0.47x | 3.18x | ₹-2.29 Billion |
| 2019 | -3.49% | -1.83% | 0.57x | 3.33x | ₹-1.10 Billion |
| 2020 | -4.46% | -1.94% | 0.78x | 2.96x | ₹-1.11 Billion |
| 2021 | -1.78% | -0.99% | 0.61x | 2.94x | ₹-990.52 Million |
| 2022 | -0.04% | -0.02% | 0.55x | 3.18x | ₹-845.41 Million |
| 2023 | 13.51% | 4.68% | 1.19x | 2.42x | ₹338.49 Million |
| 2024 | 12.90% | 7.43% | 1.20x | 1.45x | ₹643.08 Million |
| 2025 | 11.13% | 7.15% | 1.03x | 1.52x | ₹280.92 Million |
Industry Comparison
This section compares Titagarh Rail Systems Limited's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $27,768,365,500
- Average return on equity (ROE) among peers: -6.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Titagarh Rail Systems Limited (TITAGARH) | ₹25.40 Billion | 18.55% | 0.50x | $601.37 Million |
| Container Corporation of India Limited (CONCOR) | $80.73 Billion | 11.96% | 0.18x | $1.82 Billion |
| Jupiter Wagons Limited (JWL) | $2.06 Billion | -34.16% | 1.05x | $469.31 Million |
| QUADFUTURE (QUADFUTURE) | $2.98 Billion | -6.60% | 0.35x | $38.31 Million |
| Texmaco Rail & Engineering Limited (TEXRAIL) | $25.30 Billion | 4.47% | 0.65x | $229.73 Million |