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Jupiter Wagons

JWL NSE
₹197.04 +4.86 (+2.53%)
P/E
50.52
View as Markdown
MCP
Close 4 Nov 2026 ₹197.04 −119.06 −37.7% 1Y
Start ₹316.10

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
9.14%
Debt to Equity
0.33
EPS (TTM)
₹3.90
Book Value
₹69.69
Market Cap
—
P/E (TTM)
50.52
P/B
2.83
ROE
6.37%
Dividend Yield
0.52%
EBITDA
₹408 Cr
52W High
₹358.25
52W Low
₹169.08
Day Range
₹187.96 – ₹197.88
Volume
14,48,194

Peer Comparison

Industrials › Capital Goods › Railway Wagons

Jupiter Wagons peer comparison
Titagarh Rail Systems
₹690.7049.34₹9,333 Cr3.870.15%6.78%10.90%₹3,272 Cr₹189 Cr
Jupiter Wagons (this company)
₹197.0450.52₹8,277 Cr2.830.52%6.37%9.14%₹3,127 Cr₹160 Cr
Texmaco Rail & Engineering
₹107.8920.28₹4,286 Cr1.880.73%7.30%11.20%₹4,223 Cr₹214 Cr
Median 3 companies₹197.0449.34₹8,277 Cr2.830.52%6.78%10.90%₹3,272 Cr₹189 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

32 Poor

Data confidence 100/100

Category scores

Quality
33
Poor
Returns, margins, earnings quality 22% weight
Valuation
38
Weak
Cheap vs sector & own history 24% weight
Growth
8
Poor
Sales & profit trajectory 9% weight
Financial Health
34
Poor
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
39
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Debtor days have increased from 73.0 to 94.7 days.
  • Promoter holding has decreased over last 3 years: -4.06%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.70
Neutral
MACD (12,26,9)
−9.79
Bullish
SMA (50)
219.81
Bearish
SMA (200)
262.15
Bearish

As of

Analyst Rating

Based on 3 analysts
HOLD67%

0 of 3 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
0
0%
HOLD
2
67%
SELL
1
33%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+23.97%
3Y+12.14%
1Y−26.42%
TTM−11.74%

Net profit

Net profit growth by window
5Y+25.65%
3Y+11.12%
1Y−56.32%
TTM−49.84%

Operating cash flow

Operating cash flow growth by window
5Y−33.07%
3Y−51.32%
1Y−91.35%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+1.50 pp
3Y+0.10 pp
1Y−2.14 pp
TTM−2.26 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹996 Cr
Mar 2022₹1,178 Cr
Mar 2023₹2,068 Cr
Mar 2024₹3,644 Cr
Mar 2025₹3,963 Cr
Mar 2026₹2,916 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹53.00 Cr
Mar 2022₹50.00 Cr
Mar 2023₹121 Cr
Mar 2024₹331 Cr
Mar 2025₹380 Cr
Mar 2026₹166 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹450 Cr +10.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Jupiter Wagons Ltd is a mid-cap capital goods company with a market cap of ₹11,159 crore trading at a PE of 66.8x. After delivering strong FY25 results (revenue ₹4,008 crore, PAT ₹380 crore), FY26 saw a sharp reversal with revenue declining to ₹2,961 crore and PAT falling to ₹166 crore. The company is diversifying into wheels, BESS, and electric mobility but faces near-term execution headwinds and working capital deterioration.

Bull Case 7
  • FY25 EBITDA margin expanded to 14.6% from 10.7% in FY21, demonstrating a multi-year structural improvement in operating efficiency
  • 5-year compounded sales CAGR of 24% and profit CAGR of 28% reflect a strong medium-term growth track record
  • Order book of ₹4,675 crore as of FY27 entry provides multi-quarter revenue visibility despite near-term slowdown
  • Wheel and axle business projected to scale from ₹550 crore in FY26 to potentially ₹2,000-3,000 crore by FY28 as Odisha facility comes online, offering a significant new revenue vertical
  • Indian Railways capex allocation of ₹2.77 lakh crore in Union Budget 2026 and a ₹40,000 crore upcoming wagon tender provide a large addressable market
  • 10-year stock CAGR of 33% and 5-year CAGR of 48% indicate sustained long-term wealth creation for earlier investors
  • FY25 PAT of ₹380 crore grew 14.9% YoY, demonstrating profit growth even in a year of moderate top-line expansion of 9.3%
Bear Case 7
  • FY26 revenue fell sharply to ₹2,961 crore from ₹4,008 crore in FY25, a decline of 26% YoY on a TTM basis
  • FY26 PAT collapsed to ₹166 crore from ₹380 crore in FY25, a 56% decline, with Q4 FY26 PAT plunging 72% YoY to just ₹29 crore
  • Working capital days have deteriorated from 73.5 to 114 days, tying up more capital and pressuring cash flows
  • Debtor days increased from 73 to 94.7 days, signalling slower collections and potential customer payment stress
  • Promoter holding has decreased by 4.06% over the last 3 years, which may signal reduced insider conviction
  • Stock has declined 24% over the past 1 year and trades approximately 33% below its 52-week high of ₹375.90, reflecting eroded market confidence
  • BESS vertical is still pre-EBITDA-positive and targets breakeven only in FY28, meaning new initiatives are currently margin-dilutive

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Jupiter Wagons is strengthening its board governance with the appointment of two independent women directors. No headwinds or negative developments emerged in the period. With limited news flow, the governance enhancement signals steady institutional maturity, though investors will look for order inflow and financial updates for directional cues.

Positives 1
  • Two independent directors appointed Jul 9

    Jupiter Wagons appointed Ms. Ranjini Roy and Ms. Siddhi Singhania as Additional Independent Directors for five-year terms effective July 9, 2026, strengthening board governance.

Quarterly Results

₹ Cr
JWL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
753
879
896
1,115
880
1,009
1,030
1,045
459
786
890
780
671
Expenses
657
759
773
970
743
870
887
898
400
683
778
701
606
Operating Profit
97
121
123
146
137
139
143
147
59
103
113
79
65
OPM %
13%
14%
14%
13%
16%
14%
14%
14%
13%
13%
13%
10%
10%
Other Income
2
6
5
12
8
10
15
12
17
0
9
2
9.15
Interest
8
10
11
11
13
17
14
17
16
19
18
16
17
Depreciation
7
7
7
8
12
13
14
15
16
16
17
18
19
PBT
84
109
110
141
119
120
130
127
44
68
87
46
37.91
Tax %
25%
25%
26%
25%
23%
25%
26%
20%
29%
33%
28%
41%
32%
Net Profit
63
82
81
105
92
89
96
103
31
45
62
27
26
EPS (₹)
1.57
2.05
1.98
2.55
2.23
2.11
2.29
2.43
0.77
1.1
1.47
0.67
0.66

Profit & Loss

₹ Cr
JWL profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
996
1,178
2,068
3,644
3,963
2,916
3,127
Expenses
889
1,065
1,819
3,157
3,398
2,562
2,768
Operating Profit
106
114
249
487
566
354
359
OPM %
11%
10%
12%
13%
14%
12%
11%
Other Income
2
3
5
25
44
28
21
Interest
21
18
29
41
60
70
71
Depreciation
21
23
25
28
54
67
70
PBT
66
76
200
442
496
245
240
Tax %
19%
34%
40%
25%
23%
32%
—
Net Profit
53
50
121
331
380
166
161
EPS (₹)
5.97
5.55
3.12
8.04
9
4
3.9
Div. Payout %
0%
0%
16%
7%
14%
25%
—

Balance Sheet

₹ Cr
JWL balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
387
387
387
412
424
427
Reserves
246
295
416
1,204
2,330
2,551
Borrowings
138
139
288
349
502
996
Other Liabilities
220
250
543
975
743
738
Total Liabilities
991
1,072
1,634
2,940
3,999
4,712
Fixed Assets
418
428
464
831
972
1,115
CWIP
21
22
27
54
66
270
Investments
2
8
11
93
164
236
Other Assets
550
615
1,131
1,962
2,797
3,092
Total Assets
991
1,072
1,634
2,940
3,999
4,712

Cash Flow

₹ Cr
JWL cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
67
60
78
−19
104
9
Investing
−60
−49
−122
−464
−628
−688
Financing
22
−17
121
489
842
454
Net Cash Flow
30
−6
76
5
318
−224
Free Cash Flow
37
23
9
−143
−403
−524
CFO/OP
67
54
35
18
39
28

Ratios

JWL financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
22
38
49
75
95
Inventory Days
120
130
114
127
94
188
Days Payable
70
58
46
71
50
69
Cash Conversion Cycle
77
94
106
105
119
213
Working Capital Days
34
44
25
44
62
88
ROCE %
—
12%
24%
31%
21%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Jupiter Wagons insights

65 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.31%
  • Public 16.34%
  • Others 11.53%
  • FIIs 3.02%
  • DIIs 0.80%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Jupiter Wagons

What does Jupiter Wagons Ltd do?
Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components.
Where is Jupiter Wagons Ltd (JWL) listed?
Jupiter Wagons Ltd trades as JWL on the NSE and under code 533272 on the BSE.
Which sector does Jupiter Wagons Ltd belong to?
Jupiter Wagons Ltd is classified under the Capital Goods sector, in the Railway Wagons industry.
What is the PE ratio of Jupiter Wagons Ltd?
Jupiter Wagons Ltd trades at a PE ratio of 50.52 as of 4 Nov 2026, on earnings per share of ₹3.9, against a book value of ₹69.69 per share.
What is the 52-week high and low of Jupiter Wagons Ltd?
Over the last 52 weeks Jupiter Wagons Ltd has traded between ₹169.08 and ₹358.25 as of 4 Nov 2026.
Does Jupiter Wagons Ltd pay dividends?
Jupiter Wagons Ltd has a dividend yield of 0.52%.
What is the Return on Equity (ROE) of Jupiter Wagons Ltd?
Jupiter Wagons Ltd reported a return on equity of 6.37%. Its debt-to-equity ratio is 0.33.

Company Information

Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components.

Website jupiterwagons.com
CEO Mr. Abhishek Jaiswal
Employees 1,016
Listed 18 Oct 2010
Face Value ₹10

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