Texmaco Rail & Engineering Ltd

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NSEBSE

192.652.00 (1.05%)

12:00 AM,23rd Feb 2024

192.852.05 (1.07%)

12:00 AM,23rd Feb 2024

BSE : 533326

NSE : TEXRAIL

Sector : Engineering

ISIN Code : INE621L01012

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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)

7384

Turnover (₹ Cr)

4.84

Volume (Shares)

2511052

Face Value

1

52-WK High

231.80

52-WK High Date

02 Feb 2024

52-WK Low

40.60

52-WK Low Date

29 Mar 2023

All Time High

231.80

All Time High Date

02 Feb 2024

All Time Low

12.26

All Time Low Date

23 Mar 2020

Texmaco Rail & Engineering Ltd

Texmaco Rail & Engineering Limited was originally incorporated on June 25 1998 as a Private Limited Company with the name Texmaco Machines Private Limited. On March 3 2010 the Company converted into a Public Limited Company and the name was changed to Texmaco Machines Ltd. On April 23 2010 name of the Company was changed from Texmaco Machines Limited to Texmaco Rail & Engineering Limited. In September 2010 as per the Scheme of Arrangement the Heavy Engineering and Steel Foundry Divisions of Texmaco Limited got demerged and was transferred to the Company effective April 1 2010. In consideration of demerger of Heavy Engineering and Steel Foundry businesses of Texmaco Limited as above the Company as per the Scheme of Arrangement allotted one Equity Share of Re.1/- each fully paid up against one Equity Share of Re.1/- each of Texmaco Limited held by its Members .The Company manufactures a diverse range of products viz. Railway Freight Cars Hydro-mechanical Equipment & Industrial Structural's Loco Components and Loco Shells Steel Girders for Railway Bridges Steel Castings and Pressure Vessels etc. along with EPC contracts for Execution of Railway Track Signaling & Telecommunication Projects Rail Electrification & Automatic Fare Collection etc. on turnkey basis. The Company has strengthen its position as a Total Rail Solution Provider Company.The Company's major operating divisions are the heavy engineering division consisting of wagon hydro-mechanical equipment and process equipment manufacturing facilities and the steel foundry division. They have five manufacturing facilities in the outskirts of Kolkata in Agarpara Belgharia Sodepur and Panihati. They have their marketing offices in Mumbai Chennai and Delhi apart from marketing their products through an established network of agents. Their major customers include the Indian Railways National Hydroelectric Power Corporation Ltd National Thermal Power Corporation Ltd Mitsubishi Heavy Industries Jaiprakash Industries among others.In November 2010 the company joined hands with Bombardier Transportation India Ltd a 100% subsidiary of global rail equipment major Bombardier Inc to form a consortium and submit a joint bid to the Ministry of Railways for the manufacture of electric locomotives. In December 2010 the company signed a joint venture agreement with Australia's UGL Ltd an engineering maintenance and facilities management company. As part of this arrangement the company and UGL together will establish a manufacturing facility based at the company's Belgharia Kolkata site in India.The equity shares of the company were listed on the Bombay Stock Exchange and National Stock Exchange with effect from March 03 2011.During the year 2012 the Company introduced the latest and most advanced system of Oracle R12 for its operations. The new Coach manufacturing facility at the Company's Sodepur Works was commissioned in 2013-14. Besides it acquired Kalindee Rail Nirman (Engineers) Limited a subsidiary company which does EPC contracts for Railways and Metros. The new Coach manufacturing facility at the Company's Sodepur Works was commissioned in 2013-14. Besides it acquired the shares in Kalindee Rail Nirman (Engineers) Limited a company which does EPC contracts for Railways and Metros and became a subsidiary of the Company with effect from 31st August 2015. The first rake of EMU Coaches was commissioned during the year 2015. During the year 2015-16 Company acquired 55% majority stake in Bright Power Projects (India) Private Limited a rail infrastructure company and it became a subsidiary of the Company effective 4th January 2016. The Joint Venture (JV) Texmaco Hi-tech Private Limited with UGL Rail Services Ltd. (UGL) Australia became a wholly owned subsidiary of the Company w.e.f 1st October 2015 consequent on acquisition of the entire shareholding of UGL by Texmaco.During year 2016-17 Kalindee Rail Nirman (Engineers) Limited a subsidiary of the Company got merged with the Company through the Scheme of Amalgamation effective from 1st April 2014. The Company completed fabrication and erection of a major bridge (9 x 102.4 meters) weighing 7800T at Bhairab in Bangladesh. Belur Engineering Private Limited was incorporated a wholly owned subsidiary in February 2017. Texmaco Transtrak Private Limited was incorporated a subsidiary in 2018. During the year 2018-19 Texmaco Hi-tech Private Limited and Bright Power Projects (India) Private Limited subsidiaries of Company were merged into and with the Company through the Scheme of Amalgamation effective from 1st April 2017.Two new designs of yoke castings new designs of follower draft gear housing and machined bogie castings of premium quality 15 new components with improved wear resistance Bogie casting for Sri Lankan Railways and Explosion Depth Hardened (EDH) cast manganese steel crossing in collaboration with IDL Explosives were developed and launched in 2018. During the year 2019-20 Company acquired a Foundry at Urla unit in Raipur which increased its total installed capacity to 42000 MT per annum. In 2021-22 the Company had issued and allotted 71526643 Equity Shares of face value of INR 1 each by way of Rights Issue for an amount aggregating INR 1645112789 in the ratio of 2 Equity Shares for every 7 Equity Shares held to the eligible equity Shareholders of the Company. i.e. 2:7.

Texmaco Rail & Engineering Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

7384

EPS - TTM (₹) [S]

2.17

P/E Ratio (X) [S]

3.39

Face Value (₹) 1
Latest Dividend (%)15.00
Latest Dividend Date 18 Sep 2023
Dividend Yield (%) 0.07
Book Value Share (₹) [S]56.78
P/B Ratio (₹) [S]3.39
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Small Cap Fund - Direct (IDCW) 250.54 11408783 0.55
Nippon India Small Cap Fund (G) 250.54 11408783 0.55
Nippon India Small Cap Fund (IDCW) 250.54 11408783 0.55
Nippon India Small Cap Fund (B) 250.54 11408783 0.55
Nippon India Small Cap Fund - Direct (G) 250.54 11408783 0.55
Nippon India Small Cap Fund - Direct (B) 250.54 11408783 0.55
HDFC Balanced Advantage Fund (IDCW) 235.17 10709025 0.31
HDFC Balanced Advantage Fund - Direct (G) 235.17 10709025 0.31
HDFC Balanced Advantage Fund - Direct (IDCW) 235.17 10709025 0.31
HDFC Balanced Advantage Fund (G) 235.17 10709025 0.31

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

191.00

195.95

Week Low/High

178.15

196.00

Month Low/High

173.80

232.00

Year Low/High

40.60

232.00

All time Low/High

13.16

232.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week2.99%2.99%1.290.78%
1 Month-2.36%-2.43%4.244.59%
3 Month23.97%23.85%11.1212.17%
6 Month59.41%59.08%12.1114.24%
1 Year339.84%339.34%23.0726.85%
3 Year647.28%648.45%47.4551.03%

Company Info

Company Information

Executive Chairman : S K Poddar

Executive Director & CEO : D H Kela

Executive Director & CFO : A K Vijay

Non-Exec & Non-Independent Dir : Akshay Poddar

Non-Exec. & Independent Dir. : D R Kaarthikeyan

Vice Chairman & Executive Dire : Indajit Mookerjee

Non-Exec. & Independent Dir. : Utsav Parekh

Non-Exec. & Independent Dir. : Rusha Mitra

Non-Exec. & Independent Dir. : VIRENDRA SINHA

Independent Director : Amitabha Guha

Independent Director : Partha S Bhattacharyya

Registered Office: Belgharia, ,Kolkata,West Bengal-700056 Ph: 91-33-25691500

Email:texrail_cs@texmaco.in

URL:http://www.texmaco.in