---
title: "Titagarh Rail Systems Ltd (TITAGARH) — Share Price, Financials & Analysis"
symbol: "TITAGARH"
company: "Titagarh Rail Systems Ltd"
canonical: "https://tapetide.com/stocks/TITAGARH"
isin: "INE615H01020"
nse_symbol: "TITAGARH"
bse_code: "532966"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 11267.48
generated_at: "2026-09-13T18:23:07.695Z"
---

# Titagarh Rail Systems Ltd (TITAGARH)

Canonical page: https://tapetide.com/stocks/TITAGARH

## Company

- **NSE Symbol:** TITAGARH
- **BSE Code:** 532966
- **ISIN:** INE615H01020
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2008-04-21
- **CEO:** Mr. Jagdish Prasad Chowdhary B.Com., MIMA
- **Employees:** 1222
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** titagarh.in

## About

Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited), incorporated in 1997, is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets.[1]

## Latest Price

- **Price:** ₹842.15
- **Change:** -17.05 (-1.98%)
- **Open:** ₹852
- **Day High:** ₹853.1
- **Day Low:** ₹833.2
- **Previous Close:** ₹859.2
- **Volume:** 463818
- **As Of:** 2026-09-11T10:27:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:08.339077Z.

- **Market Cap:** ₹11267.48 Cr
- **Classification:** Microcap
- **P/E (reported):** 61.4
- **P/E (TTM):** 60.15
- **EPS (TTM):** ₹14
- **EPS (reported):** ₹21.8
- **Book Value:** ₹182.35
- **Price to Book:** 4.71
- **Dividend Yield:** 0.12%
- **ROE:** 11.07%
- **ROCE:** 17.07%
- **Debt to Equity:** 0.25
- **Revenue (yearly):** ₹3185.82 Cr
- **Net Income:** ₹114.57 Cr
- **EBITDA:** ₹266.07 Cr
- **52-Week High:** ₹971
- **52-Week Low:** ₹568.7
- **RSI (14):** 52.86

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 40.55 | 9% |
| growth | 9.31 | 9% |
| momentum | 58.41 | 12% |
| ownership | 69.31 | 24% |
| quality | 29.87 | 22% |
| valuation | 33.66 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has a low return on equity of 11.3% over last 3 years.
- Dividend payout has been low at 6.53% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -7.36%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -213.54% | -338.05% | -243.91% |
| ebitda margin growth | -4.54% | -36.23% | -34.92% | -33.17% |
| net income growth | -1.68% | -58.35% | 7% | 65% |
| revenue growth | -13.18% | -19.21% | 5% | 16% |
| roce | -6.11% | -8.13% | -27.02% | 15.1% |
| roe | -1.72% | -14.85% | 12.68% | -594.2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 935 | 955 | 1052 | 903 | 1057 | 902 | 1006 | 679 | 799 | 832 | 875 | 765 |
| Expenses | 821 | 844 | 935 | 806 | 932 | 809 | 987 | 615 | 725 | 741 | 783 | 671 |
| Operating Profit | 115 | 111 | 118 | 97 | 125 | 94 | 18 | 64 | 74 | 91 | 92 | 94 |
| OPM % | 12 | 12 | 11 | 11 | 12 | 10 | 1.8 | 9 | 9 | 11 | 11 | 12 |
| Other Income | 7 | 14 | 12 | 12 | 10 | 23 | -128 | 11 | 14 | 0 | 14 | 7 |
| Interest | 20 | 18 | 16 | 13 | 17 | 21 | 22 | 18 | 18 | 18 | 17 | 15 |
| Depreciation | 7 | 7 | 7 | 7 | 8 | 6 | 8 | 12 | 12 | 13 | 14 | 15 |
| Profit before tax | 95 | 100 | 108 | 90 | 111 | 89 | -140 | 45 | 57 | 60 | 75 | 71 |
| Tax % | 25 | 25 | 27 | 26 | 27 | 29 | -12 | 32 | 35 | 25 | 28 | 26 |
| Net Profit | 71 | 75 | 79 | 67 | 81 | 63 | -124 | 31 | 37 | 45 | 54 | 53 |
| EPS in Rs | 5.55 | 5.56 | 5.86 | 4.98 | 5.99 | 4.66 | -9.09 | 2.29 | 2.74 | 3.35 | 4.01 | 3.9 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1268 | 1559 | 1766 | 1521 | 1468 | 2780 | 3853 | 3868 | 3186 | 3272 |
| Expenses | 1365 | 1550 | 1645 | 1440 | 1303 | 2529 | 3404 | 3459 | 2855 | 2921 |
| Operating Profit | -97 | 9 | 121 | 81 | 165 | 251 | 449 | 409 | 331 | 351 |
| OPM % | -8 | 0.6 | 7 | 5 | 11 | 9 | 12 | 11 | 10 | 11 |
| Other Income | 25 | 25 | -60 | 25 | -61 | 34 | 38 | 75 | -15 | 34 |
| Interest | 44 | 65 | 88 | 81 | 57 | 81 | 73 | 73 | 71 | 68 |
| Depreciation | 51 | 24 | 29 | 30 | 18 | 22 | 27 | 30 | 51 | 54 |
| Profit before tax | -167 | -56 | -57 | -6 | 29 | 181 | 386 | 382 | 194 | 263 |
| Tax % | -12 | -59 | -36 | 237 | 102 | 31 | 26 | 28 | 37 | — |
| Net Profit | -147 | -23 | -36 | -19 | -1 | 126 | 286 | 275 | 123 | 188 |
| EPS in Rs | -12.43 | -2.47 | -2.96 | -1.26 | -0.03 | 10.89 | 21.25 | 20.52 | 9.13 | 14 |
| Dividend Payout % | -2 | -12 | 0 | 0 | 0 | 5 | 4 | 5 | 11 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 27 | 27 | 27 |
| Reserves | 944 | 832 | 793 | 743 | 817 | 818 | 940 | 2191 | 2456 | 2429 |
| Borrowings | 372 | 624 | 896 | 730 | 847 | 920 | 353 | 166 | 627 | 623 |
| Other Liabilities | 1356 | 1210 | 975 | 775 | 775 | 903 | 931 | 832 | 651 | 960 |
| Total Liabilities | 2695 | 2689 | 2687 | 2272 | 2462 | 2664 | 2248 | 3216 | 3761 | 4039 |
| Fixed Assets | 933 | 958 | 935 | 872 | 871 | 966 | 732 | 748 | 992 | 1394 |
| CWIP | 15 | 27 | 36 | 0 | 41 | 61 | 12 | 174 | 122 | 72 |
| Investments | 82 | 83 | 87 | 29 | 31 | 30 | 32 | 198 | 299 | 279 |
| Other Assets | 1665 | 1621 | 1630 | 1371 | 1518 | 1607 | 1472 | 2097 | 2348 | 2295 |
| Total Assets | 2695 | 2689 | 2687 | 2272 | 2462 | 2664 | 2248 | 3216 | 3761 | 4039 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -177 | -121 | -124 | 154 | 68 | 55 | 41 | 86 | -97 | 322 |
| Cash from Investing Activity | 44 | -45 | -49 | 4 | -60 | -73 | -61 | -537 | -579 | -133 |
| Cash from Financing Activity | 111 | 191 | 214 | -227 | 43 | -53 | 67 | 724 | 372 | -52 |
| Net Cash Flow | -22 | 25 | 40 | -70 | 51 | -71 | 46 | 274 | -304 | 137 |
| Free Cash Flow | -199 | -150 | -188 | 129 | 9 | -41 | 4 | -78 | -328 | -45 |
| CFO/OP | -154 | 104 | -1161 | 136 | 82 | 40 | 43 | 41 | 0 | 118 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 50 | 79 | 81 | 52 | 136 | 58 | 37 | 50 | 63 | 72 |
| Inventory Days | 182 | 213 | 203 | 119 | 142 | 176 | 78 | 64 | 65 | 92 |
| Days Payable | 150 | 148 | 209 | 111 | 146 | 153 | 55 | 39 | 29 | 52 |
| Cash Conversion Cycle | 82 | 145 | 75 | 60 | 131 | 81 | 60 | 75 | 99 | 113 |
| Working Capital Days | 38 | 3 | 62 | 96 | 90 | 48 | 20 | 61 | 58 | 76 |
| ROCE % | 6 | -8 | 1 | 7 | 5 | 9 | 18 | 25 | 17 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44.97% | 42.46% | 42.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% | 40.46% |
| FIIs | 16.84% | 20.04% | 17.27% | 19.56% | 16.33% | 13.67% | 11.63% | 9.49% | 9.56% | 10.66% | 10.67% | 10.87% |
| DIIs | 10.46% | 12.27% | 13.72% | 14.12% | 13.94% | 15% | 13.41% | 11.68% | 12.78% | 12.59% | 12.45% | 15.39% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 23.28% | 21.14% | 22.49% | 21.71% | 25.23% | 26.94% | 30.09% | 32.86% | 32.04% | 31.38% | 31.8% | 28.8% |
| Others | 4.44% | 4.08% | 4.05% | 4.13% | 4.03% | 3.92% | 4.41% | 5.5% | 5.15% | 4.9% | 4.62% | 4.48% |
| No. of Shareholders | 191910 | 224205 | 292395 | 362203 | 461442 | 515638 | 587422 | 617505 | 591488 | 571503 | 559860 | 524155 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 854.8 | Sell |
| EMA (10) | 856.53 | Sell |
| SMA (20) | 845.03 | Sell |
| EMA (20) | 850.65 | Sell |
| SMA (50) | 843.4 | Sell |
| EMA (50) | 843.93 | Sell |
| SMA (100) | 836.32 | Buy |
| EMA (100) | 829.96 | Buy |
| SMA (200) | 795.86 | Buy |
| EMA (200) | 818.53 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.14 | Neutral |
| MACD (12,26,9) | 6.03 | Buy |
| Stochastic (14,3,3) | 49.26 | Neutral |
| ADX (14) | 16.2 | Neutral |
| Williams %R (14) | -69.77 | Neutral |
| ATR (14) | 28.36 | High Volatility |
| ROC (12) | 2.03 | Buy |
| Stoch RSI (14) | 23.4 | Neutral |
| UO (7,14,28) | 39.5 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 7 | 87.5% |
| Hold | 1 | 12.5% |
| Sell | 0 | 0% |

Based on 8 analyst ratings, observed at 2026-09-11T04:35:10.646461+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=164383a9-0b0f-491f-91de-720792bc0454.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b21ed98-5736-4f43-8d8f-aadc6629ab9f.pdf) |
| 2026-09-08 | [29Th Annual General Meeting Of The Company To Be Held On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc9c2c5c-2442-4416-b65e-06316f8b4670.pdf) |
| 2026-09-08 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=822628b4-4291-46a1-bda9-438112a1cf75.pdf) |
| 2026-09-08 | [Corporate Action-Board to consider Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3a83baf-28cb-47c2-a41c-f7479455f1eb.pdf) |
| 2026-09-08 | [Communication To Shareholders W.R.T. Tax Deduction At Source On Dividend Payout](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13e9d541-ebeb-468d-a124-01c28fc84957.pdf) |
| 2026-09-08 | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7a251c8-6fa3-4507-8a07-dc7228b6ebeb.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0419368d-c72d-4fdc-a568-9e1a9831a413.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0da26f6-e4a1-44a2-89b2-2d9994b0526f.pdf) |
| 2026-08-26 | [General Update - Signing Of Memorandum Of Undertaking](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb59cb12-ea50-45ea-b6e9-8d618814c1d8.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76c9518c-d060-4546-9bfd-0ee484575789.pdf) |
| 2026-06-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a4f5e73-8df8-4cec-8dba-f84e30817b65.pdf) |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec7c587c-1dd8-4f23-a7c6-532b0d6b80a1.pdf) |
| 2025-11-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0b10226-d80f-47ad-bc51-5593bcd002cd.pdf) |
| 2025-08-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb780824-c45b-484f-81af-ae08006fbb64.pdf) |
| 2025-06-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ffe2c65-94b1-41ac-a470-98f94b0b830c.pdf) |
| 2025-02-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02fd2316-7256-4e64-b582-9505f1931f71.pdf) |
| 2024-11-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18176a1c-de28-4f0c-b5f8-3a3b79c0bbf9.pdf) |
| 2024-08-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=144325a1-34e7-464b-b41f-3dcb8aec0ff3.pdf) |
| 2024-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35423e59-ee3f-4d92-a8df-0737a47e800c.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05bfb266-49a6-409c-9799-37d7201e1131.pdf) |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e306ae0-d0f9-4508-ab30-1aab7e1f4130.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f7eb378-30e9-4da9-8667-abd334b25fad.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ea94357-e646-422b-8167-88c34d3dc088.pdf) |
| 2025-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5da49ff3-839c-4081-9d59-0d404d8e7f1f.pdf) |
| 2025-05-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=777bd05c-6561-4bf9-a05c-8709d9aa892e.pdf) |
| 2025-02-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d186fe5-c74c-482c-8e70-9cc80bc2155c.pdf) |
| 2024-10-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9adeaae6-2ff6-42c8-b826-02154f5f75c0.pdf) |
| 2024-10-26 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=507c0be1-d976-4066-92ea-25b33c1c9423.pdf) |
| 2024-07-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fa2a1e5-6c6b-4702-8ee6-94496bb039ff.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results - Financial Results For 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=617e393b-26fd-4ee0-9e45-559ebcf3eaa5.pdf) |
| 2026-05-31 | [Results - Financial Results For 31-03-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59668b2d-af3a-41a2-8aaa-1bf1ecafcbeb.pdf) |
| 2026-02-13 | [Results-Financial Results For 31-12-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82e053c4-556b-4c1f-bfe5-bc3e3bd70270.pdf) |
| 2025-11-13 | [Results-Financial Results For 30-09-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45415f36-7294-4779-9a86-a3a0fb38b930.pdf) |
| 2025-08-11 | [Results- Financial Results For 30/06/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cbb1299-1493-4ef9-934a-44daedecb9a6.pdf) |
| 2025-05-30 | [Results- Financial Results For 31/03/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23f410ae-a08d-4f5a-85ca-7c856819253d.pdf) |
| 2025-02-13 | [Results - Financial Results For The 3Rd Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b19c0e3-8927-4295-a407-886001b9b1d7.pdf) |
| 2024-10-26 | [Results-Financial Results For 30/09/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ebee758-0bfe-4312-bc7a-2fd01ae7eec8.pdf) |
| 2024-07-30 | [Results - Financial Results For 30/06/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff7d6073-1c63-419b-95a8-3a1f14c8e3ff.pdf) |
| 2024-05-15 | [Results - Audited Financial Results For Quarter And Year Ended 31/03/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fbfd95c-2c2c-48da-8f24-b7f7198fd2e1.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2022 | [Concall - Sep 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8611a63c-e8cb-46dc-82b0-dde299ebaad4.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/507c0be1-d976-4066-92ea-25b33c1c9423.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8ff64ca-91c2-4d64-ab16-d36a027d461b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6d9a255-a14c-4d98-a183-3237b21c6d80.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6d9a255-a14c-4d98-a183-3237b21c6d80.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35423e59-ee3f-4d92-a8df-0737a47e800c.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40878484-92bc-4e3a-b14e-cbe9b99f1ef9.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e306ae0-d0f9-4508-ab30-1aab7e1f4130.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ffe2c65-94b1-41ac-a470-98f94b0b830c.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a16efcb1-dd47-43e5-b247-8e4c99fe1e1f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Mar - Management to attend Investec Promoter & Founder Conference in Mumbai on 11 March 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Mar - Management to attend Investec Promoter & Founder Conference in Mumbai on 11 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/160e2a05-854c-49ef-abc1-16bdb26fada5.pdf) |
| 6 Apr - TNSL got in-principle approval for Falta brownfield expansion; project cost about ₹610 crore, subsidy about ₹129 crore. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 Apr - TNSL got in-principle approval for Falta brownfield expansion; project cost about ₹610 crore, subsidy about ₹129 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65564743-da5d-48c8-bfd5-4ddac583752a.pdf) |
| 5 Mar - Firema sold business unit to Fabbrica Italiana Treni for €66,095,000; proceeds paid creditors; TRSL operations unaffected. | [Announcement Under Regulation 30 (LODR) - Intimation Regarding Sale/Transfer/Disposal Of A Business Unit Of Overseas Associate Company 5 Mar - Firema sold business unit to Fabbrica Italiana Treni for €66,095,000; proceeds paid creditors; TRSL operations unaffected.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/934df157-fc1f-4f94-86f5-3f5ae5d6ce0a.pdf) |
| 4 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6538f940-cd1a-4c74-939c-9068ea51886f.pdf) |
| 28 Mar - LOI from JSW Port Logistics for 720 wagons worth ₹226.35 Crore; 6-month execution. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 28 Mar - LOI from JSW Port Logistics for 720 wagons worth ₹226.35 Crore; 6-month execution.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3497ccde-ad15-45bc-818d-cab20720605e.pdf) |
| 27 Mar - Approved sale of 100% Titagarh Singapore to Worldvmc Singapore for USD 154,707; completion by June 30, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting 27 Mar - Approved sale of 100% Titagarh Singapore to Worldvmc Singapore for USD 154,707; completion by June 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d7e1007-7f72-4fa7-b92e-7c5f69af82e3.pdf) |
| 26 Mar - LOI from Balmer Lawrie for 2 BFNS22.9 rakes worth ₹44.41 Cr; 10-year operating lease, effective 07.04.2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Mar - LOI from Balmer Lawrie for 2 BFNS22.9 rakes worth ₹44.41 Cr; 10-year operating lease, effective 07.04.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1c4a083-0d23-4b63-a4fd-4a89a95c7f8e.pdf) |
| 20 Feb - Enclose transcript of Q3 & 9MFY26 Earnings call held on Monday, 16th February, 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 Feb - Enclose transcript of Q3 & 9MFY26 Earnings call held on Monday, 16th February, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec7c587c-1dd8-4f23-a7c6-532b0d6b80a1.pdf) |
| 1d - TNSL launched fourth Diving Support Craft A23 for Indian Navy on 19 April 2026 in a five-vessel series. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 1d - TNSL launched fourth Diving Support Craft A23 for Indian Navy on 19 April 2026 in a five-vessel series.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0977e603-ee86-4170-a6bc-fe337ae9f9d6.pdf) |
| 19 Mar - Board approved JV with BHEL for Vande Bharat train maintenance; corporate guarantee to ONGC for subsidiary bidding (19-Mar-2026). | [Board Meeting Outcome for Outcome Of Board Meeting 19 Mar - Board approved JV with BHEL for Vande Bharat train maintenance; corporate guarantee to ONGC for subsidiary bidding (19-Mar-2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/375c84c3-48c2-4c28-afcd-12f4e5f01fab.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa0b472b-45ea-4ffa-81be-b9e48dfd2552.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca212532-88ec-485e-8c66-38e339545342.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cbbdabe-1537-4369-a65f-9bf5683eea53.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532966/74637532966.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-10-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce003104-e684-4490-94e4-958ef2bcebce.pdf) |
| 2024-07-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e93f4c0-80f2-4477-a998-410ac5f05e31.pdf) |
| 2024-05-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccecb2c4-9b46-4bb7-905d-0b3a789162ca.pdf) |
| 2024-02-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74b20014-ef5a-47ae-a075-fa9ec0aafbac.pdf) |
| 2023-10-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80d1c2ad-42cb-4eef-a884-7188732ec1aa.pdf) |
| 2023-10-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43c84544-b18f-4b4c-99da-b874055ec71c.pdf) |
| 2023-07-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57bd1028-dcb1-490a-9015-320f114dd8bd.pdf) |
| 2023-07-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e573a1dc-8b14-4d47-81c6-f42783d57689.pdf) |
| 2023-07-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c37dd7e-ee71-4040-b412-78ff72a29dac.pdf) |
| 2023-05-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11ed09fc-f905-4ab5-828c-24159f731ca1.pdf) |

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