# Jupiter Wagons (JWL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jwl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹196.1
- Change: -1.80%
- As of: 2026-11-06
- 1D return: -1.80%
- 5D return: +7.88%
- 1M return: -9.39%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

JWL is trading at ₹196.10, positioned in a narrow range between immediate support at ₹196.03 and resistance at ₹197.87. The technical setup presents a conflict across timeframes: the daily chart shows price above the 20-period SMA and Supertrend, suggesting short-term stabilization, while weekly and monthly structures remain firmly bearish with price below all major moving averages and Supertrends. Momentum indicators reflect this divergence; the daily ADX of 24.54 indicates developing trend strength, whereas the monthly ADX of 53.09 confirms strong underlying downward pressure.

Participation remains elevated despite the downtrend, evidenced by extreme volume-price anomalies on October 29 (+6.7%, volume ratio 12.87) and October 30 (-5.9%, volume ratio 6.04). These events suggest active institutional or large-cap rotation rather than passive accumulation. The stock has declined 61.5% from its available high, sitting near the lower end of its 252-day range (+14.3%). An active monthly 'Inside Bar' pattern suggests consolidation, but the recent daily 'Shooting Star' formation highlights selling pressure at higher intraday levels. Volatility remains high at 47.1% annualized, requiring wide risk buffers.

- Trend Divergence: Daily structure is neutral-to-bullish (price  20 SMA & Supertrend), but weekly/monthly trends are strongly bearish (price  all MAs & Supertrend).
- Momentum & Participation: Extreme volume spikes on Oct 29-30 indicate high participation during sharp moves; daily ADX (24.54) shows developing trend strength vs. monthly ADX (53.09) showing strong trend conviction.
- Key Levels: Immediate support at ₹196.03 (0.03% below); first resistance at ₹197.87 (0.90% above). A break above ₹200.93 (pivot) would be required to challenge the broader downtrend.
- Risk Profile: Stock is down 61.5% from highs with 47.1% annualized volatility. Current drawdown is -61.5%; maximum historical drawdown was -66.0%.

- Inside Bar
- Shooting Star

### News Context

Jupiter Wagons Limited (JWL) secured new private-sector business worth over ₹324 crore during the seven-day window ending November 5, 2026. On November 2, the company announced it received a Letter of Intent from GATX India Private Limited and an order from Chetak International Private Limited for its ACT-2 automobile carrier wagons. This development reflects growing demand for JWL’s new-design platform among private wagon-leasing and logistics operators. Following the announcement, JWL shares rose more than 4% in intraday trade on November 2 and gained an additional 2% by November 3, as reported by market coverage outlets. These gains highlight investor responsiveness to the expansion of JWL’s private-sector order book, distinct from its traditional government-focused contracts.

- Order Value: Secured over ₹324 crore in private-sector orders/LOIs from GATX India and Chetak International for ACT-2 automobile carrier wagons.
- Market Reaction: Shares rose 4% on November 2 and +2% on November 3 following the order announcements.
- Catalyst Significance: The deals indicate expanding adoption of JWL’s new-design ACT-2 platform among private leasing and logistics players.

- [Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- [Price Action: Jupiter Wagons gains 2% on order win; KEC International slides 7% after weak Q2 earnings](https://www.moneycontrol.com/news/business/markets/price-action-jupiter-wagons-gains-2-on-order-win-kec-international-slides-7-after-weak-q2-earnings-14066855.html)
- [Jupiter Wagons shares rise 4% on ₹324 crore ACT-2 wagon orders](https://www.cnbctv18.com/market/jupiter-wagons-share-price-rises-rs324-crore-act-2-wagon-order-wins-gatx-chetak-20024719.htm)
- [Jupiter Wagons Bags ₹324 Crore Private Sector Orders For ACT2 Automobile Carrier Wagons From GATX India, Chetak International](https://www.freepressjournal.in/business/jupiter-wagons-bags-324-crore-private-sector-orders-for-act2-automobile-carrier-wagons-from-gatx-india-chetak-international)

### Official Filings

Jupiter Wagons Limited (JWL) has advanced its commercial and strategic footprint with significant order wins and new market entries. On November 2, 2026, JWL secured a combined value of approximately INR 324 crore from GATX India and Chetak International for ACT2 wagons; notably, the GATX engagement is currently a non-binding Letter of Intent, while the Chetak deal is a confirmed order. This was followed on November 3 by an order for 3 BFNS22.9T rakes from Balmer Lawrie worth INR 61 crore. Strategically, JWL incorporated Jupiter Green Power Solutions Private Limited to enter the energy sector and signed a non-binding MOU with Poland’s PESA to explore passenger rolling stock opportunities. Financially, ACUITE Ratings reaffirmed JWL’s long-term credit rating at AA with a Stable outlook as of September 30, 2026. These developments highlight expanding revenue visibility and diversification efforts, though investors should note that the GATX and PESA engagements remain non-binding.

- Order Book Expansion: Secured INR 324 crore in combined business from GATX India (Letter of Intent) and Chetak International (firm order) for ACT2 wagons on November 2, 2026, plus INR 61 crore from Balmer Lawrie for BFNS22.9T rakes on November 3, 2026.
- Strategic Diversification: Incorporated Jupiter Green Power Solutions Private Limited (subsidiary) for energy sector entry on November 3, 2026, and signed a non-binding MOU with PESA to explore passenger rail vehicles on October 23, 2026.
- Credit Profile: ACUITE Ratings reaffirmed JWL’s long-term bank facilities at AA with a Stable outlook and short-term facilities at A1(+) as of September 30, 2026.

- [Jupiter Wagons Limited has informed the Exchange about Receipt of order for supply of 3 Railway Rakes-BFNS22.9T Wagons and Brake Van from Balmer Lawrie and Company Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_04112026142251_REG30BALMERLAWRIEORDER.pdf)
- [Jupiter Wagons Limited has informed the Exchange about incorporation of a Subsidiary Company in India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_03112026211217_reg30subsidiary_incorporation.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Jupiter Wagons secures orders worth over INR 324 crore from GATX India and Chetak International". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026104526_SEPRESSRELEASE021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about securing orders worth over INR 324 crore from GATX India and Chetak International. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026163755_REG30_021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026160947_REG30MOU.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "Please find the enclosed a copy of Press Release to be issued by the Company.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026161619_SEPRESSRELEASE.pdf)
- [Jupiter Wagons Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/CEBBCO_07102026170824_SEREG74_5_.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Jupiter Wagons wins 41 MW/102.5 MWh BESS project in Uttarakhand; receives Letter of Award for 50 MW/200 MWh Jeerat project in West Bengal". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_05102026133009_SEPRESSRELEASE.pdf)
- [Significant increase in volume has been observed in Jupiter Wagons Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jupiter Wagons Limited has submitted their response. |SUBJECT: Spurt in Volume](https://nsearchives.nseindia.com/corporate/CEBBCO_01102026113750_SEintimation.pdf)
- [Jupiter Wagons Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/CEBBCO_01102026123450_SEINTIMATIONCREDITRATING.pdf)

### Fundamentals

Jupiter Wagons is navigating a significant contraction in top-line performance and profitability. For Q1 FY2026-27, revenue from operations fell to ₹670.74 crore, down sequentially from ₹780.15 crore in Q4 FY2025-26. This decline coincided with a sharper drop in operating profit, which decreased to ₹37.91 crore from ₹58.31 crore, while finance costs rose slightly to ₹17.49 crore. The net profit settled at ₹26.19 crore, reflecting the margin pressure.

The broader annual picture reinforces this downturn. Sales for Mar 2026 dropped to ₹2,916 crore from ₹3,963 crore in Mar 2025, leading to a TTM compounded sales growth of -12% and a sharp -45% TTM profit contraction. Earnings quality has deteriorated, evidenced by the Cash Conversion Cycle widening significantly to 213 days in Mar 2026 from 105 days in Mar 2024, driven largely by an increase in Inventory Days to 188 days. Despite these operational headwinds, the balance sheet remains heavily leveraged, with borrowings nearly tripling to ₹996 crore in Mar 2026, supported by substantial cash outflows in investing activities (-₹688 crore) and financing inflows (+₹454 crore). Return on Capital Employed (ROCE) has compressed to 9%, down from 31% three years prior.

- Q1 FY2026-27 revenue declined to ₹670.74 crore, with operating profit falling to ₹37.91 crore as finance costs increased to ₹17.49 crore.
- Annual sales contracted to ₹2,916 crore in Mar 2026, resulting in a -45% TTM profit growth and a ROCE compression to 9%.
- Working capital efficiency weakened materially, with the Cash Conversion Cycle expanding to 213 days and Inventory Days rising to 188 days in Mar 2026.
- Borrowings surged to ₹996 crore in Mar 2026, indicating continued reliance on debt to fund investments despite declining earnings.

### Bull Case

Jupiter Wagons has secured a specific, near-term commercial catalyst that provides a constructive basis for monitoring, despite the stock trading significantly below its recent highs. On November 2, 2026, the company announced orders worth over ₹324 crore from GATX India Private Limited and Chetak International Private Limited for its ACT-2 automobile carrier wagon platform. This private sector business reflects growing demand for the new-design platform among logistics operators and triggered an intraday share price increase of more than 4% on the announcement date.

While the broader technical picture remains challenging—with the stock down 61.5% from its peak and underperforming over the last year—the immediate market reaction to this order win indicates investor responsiveness to private-sector contract wins. The daily trend shows a bullish super-trend direction as of November 6, 2026, with the price at ₹196.10, suggesting short-term momentum may be stabilizing after a prolonged downtrend. Investors should monitor whether these orders translate into sustained revenue visibility and if the stock can hold above key support levels like ₹192.97.

- Secured ₹324+ crore in private sector orders from GATX India and Chetak International for ACT-2 wagons on November 2, 2026.
- Shares rose 4% intraday on the order announcement, signaling positive market reception to private-sector demand.
- Daily technicals show a bullish super-trend direction as of November 6, 2026, with price at ₹196.10.
- Stock remains in a long-term downtrend, down 61.5% from peak, requiring confirmation of sustained order execution.

- [Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- [Price Action: Jupiter Wagons gains 2% on order win; KEC International slides 7% after weak Q2 earnings](https://www.moneycontrol.com/news/business/markets/price-action-jupiter-wagons-gains-2-on-order-win-kec-international-slides-7-after-weak-q2-earnings-14066855.html)
- [Jupiter Wagons shares rise 4% on ₹324 crore ACT-2 wagon orders](https://www.cnbctv18.com/market/jupiter-wagons-share-price-rises-rs324-crore-act-2-wagon-order-wins-gatx-chetak-20024719.htm)
- [Jupiter Wagons Bags ₹324 Crore Private Sector Orders For ACT2 Automobile Carrier Wagons From GATX India, Chetak International](https://www.freepressjournal.in/business/jupiter-wagons-bags-324-crore-private-sector-orders-for-act2-automobile-carrier-wagons-from-gatx-india-chetak-international)
- [Jupiter Wagons Limited has informed the Exchange about Receipt of order for supply of 3 Railway Rakes-BFNS22.9T Wagons and Brake Van from Balmer Lawrie and Company Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_04112026142251_REG30BALMERLAWRIEORDER.pdf)
- [Jupiter Wagons Limited has informed the Exchange about incorporation of a Subsidiary Company in India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_03112026211217_reg30subsidiary_incorporation.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Jupiter Wagons secures orders worth over INR 324 crore from GATX India and Chetak International". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026104526_SEPRESSRELEASE021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about securing orders worth over INR 324 crore from GATX India and Chetak International. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026163755_REG30_021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026160947_REG30MOU.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "Please find the enclosed a copy of Press Release to be issued by the Company.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026161619_SEPRESSRELEASE.pdf)

### Bear Case

Jupiter Wagons faces significant downside pressure, evidenced by a current drawdown of -61.5% from its peak and a maximum drawdown of -66.0%. The stock has declined -38.0% over the past year and -41.8% year-to-date as of November 6, 2026. Technical indicators reinforce this caution: the monthly and weekly Supertrend directions are bearish, with the minus DI (24.89 on monthly, 30.61 on weekly) significantly exceeding the plus DI (5.40 on monthly, 12.70 on weekly). While daily momentum shows a bullish Supertrend, the short-term trend is weak, with the 20-day SMA slope at -6.93 and the 50-day SMA slope at -5.30. The stock closed at ₹196.10, trading below key resistance levels at ₹197.87 and ₹200.93. Annualized volatility remains high at +47.1%, indicating persistent price instability despite recent order wins.

- Severe Drawdowns: Current drawdown stands at -61.5% with a historical maximum of -66.0%; YTD return is -41.8% and 1-year return is -38.0%.
- Bearish Medium-Term Trends: Monthly and weekly Supertrends are bearish; minus DI dominates plus DI on both timeframes, signaling sustained selling pressure.
- Weak Short-Term Momentum: Daily 20-day and 50-day SMA slopes are negative (-6.93 and -5.30 respectively), and the stock trades near immediate resistance at ₹197.87.
- High Volatility: Annualized volatility is +47.1% with an ATR of 4.63%, reflecting substantial price risk.

- [Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- [Price Action: Jupiter Wagons gains 2% on order win; KEC International slides 7% after weak Q2 earnings](https://www.moneycontrol.com/news/business/markets/price-action-jupiter-wagons-gains-2-on-order-win-kec-international-slides-7-after-weak-q2-earnings-14066855.html)
- [Jupiter Wagons shares rise 4% on ₹324 crore ACT-2 wagon orders](https://www.cnbctv18.com/market/jupiter-wagons-share-price-rises-rs324-crore-act-2-wagon-order-wins-gatx-chetak-20024719.htm)
- [Jupiter Wagons Bags ₹324 Crore Private Sector Orders For ACT2 Automobile Carrier Wagons From GATX India, Chetak International](https://www.freepressjournal.in/business/jupiter-wagons-bags-324-crore-private-sector-orders-for-act2-automobile-carrier-wagons-from-gatx-india-chetak-international)
- [Jupiter Wagons Limited has informed the Exchange about Receipt of order for supply of 3 Railway Rakes-BFNS22.9T Wagons and Brake Van from Balmer Lawrie and Company Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_04112026142251_REG30BALMERLAWRIEORDER.pdf)
- [Jupiter Wagons Limited has informed the Exchange about incorporation of a Subsidiary Company in India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_03112026211217_reg30subsidiary_incorporation.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Jupiter Wagons secures orders worth over INR 324 crore from GATX India and Chetak International". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026104526_SEPRESSRELEASE021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about securing orders worth over INR 324 crore from GATX India and Chetak International. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026163755_REG30_021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026160947_REG30MOU.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "Please find the enclosed a copy of Press Release to be issued by the Company.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026161619_SEPRESSRELEASE.pdf)

### FAQs

**What recent orders has Jupiter Wagons secured, and what is their total value?**

Jupiter Wagons secured over ₹324 crore in private sector business from GATX India (LOI for ₹214.94 crore) and Chetak International (order for ₹109.10 crore) for ACT-2 automobile carrier wagons on November 2, 2026. Additionally, the company received a binding order on November 3, 2026, from Balmer Lawrie for approximately ₹61 crore to supply 3 railway rakes.

**Is Jupiter Wagons expanding into new sectors beyond rolling stock manufacturing?**

Yes. On November 3, 2026, the company incorporated Jupiter Green Power Solutions Private Limited as a subsidiary to operate in the Energy and Power Sector. The subsidiary holds an authorized share capital of ₹15 lakh with ₹1 lakh paid-up capital. As of the report date, operations have not yet commenced.

**How has the stock performed technically and financially over the past year?**

As of November 6, 2026, the stock closed at ₹196.10, reflecting a significant decline from its peak. The stock is down -38.0% over the last one year and -41.8% year-to-date. It faces a current drawdown of -61.5%, with a maximum historical drawdown of -66.0%. Technical indicators show a bearish monthly trend despite a short-term bullish daily signal.

- [Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- [Price Action: Jupiter Wagons gains 2% on order win; KEC International slides 7% after weak Q2 earnings](https://www.moneycontrol.com/news/business/markets/price-action-jupiter-wagons-gains-2-on-order-win-kec-international-slides-7-after-weak-q2-earnings-14066855.html)
- [Jupiter Wagons shares rise 4% on ₹324 crore ACT-2 wagon orders](https://www.cnbctv18.com/market/jupiter-wagons-share-price-rises-rs324-crore-act-2-wagon-order-wins-gatx-chetak-20024719.htm)
- [Jupiter Wagons Bags ₹324 Crore Private Sector Orders For ACT2 Automobile Carrier Wagons From GATX India, Chetak International](https://www.freepressjournal.in/business/jupiter-wagons-bags-324-crore-private-sector-orders-for-act2-automobile-carrier-wagons-from-gatx-india-chetak-international)
- [Jupiter Wagons Limited has informed the Exchange about Receipt of order for supply of 3 Railway Rakes-BFNS22.9T Wagons and Brake Van from Balmer Lawrie and Company Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_04112026142251_REG30BALMERLAWRIEORDER.pdf)
- [Jupiter Wagons Limited has informed the Exchange about incorporation of a Subsidiary Company in India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_03112026211217_reg30subsidiary_incorporation.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Jupiter Wagons secures orders worth over INR 324 crore from GATX India and Chetak International". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026104526_SEPRESSRELEASE021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about securing orders worth over INR 324 crore from GATX India and Chetak International. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026163755_REG30_021126.pdf)
- [Jupiter Wagons Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026160947_REG30MOU.pdf)
- [Jupiter Wagons Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "Please find the enclosed a copy of Press Release to be issued by the Company.". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026161619_SEPRESSRELEASE.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹200.93
- Risk regime: Higher Price Risk

### Support levels
- 169.08
- 196.0333333333333
- 192.9666666666666

### Resistance levels
- 279.71500000000003
- 319.9078125
- 329.68125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.80% |
| return_10 | +13.10% |
| return_1m | -12.70% |
| return_1y | -37.96% |
| return_20 | -9.39% |
| return_3m | -25.18% |
| return_5 | +7.88% |
| return_6m | -34.25% |
| return_since_start | -61.33% |
| return_ytd | -41.83% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -65.97% |
| annualized_volatility | +47.15% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue expands year-on-year while profitability contracts amid rising costs

In the first quarter of fiscal 2026-27, Jupiter Wagons reported revenue of ₹670.74 crore, a 46% increase compared to the same period last year. Despite this top-line growth, net profit declined by 16% to ₹26.19 crore. The divergence occurred because total expenses grew at a faster rate than revenue, compressing profit margins. Additionally, revenue and profit both decreased sequentially from the previous quarter, continuing a downward trend from the peak recorded in the third quarter of the prior fiscal year.

## Revenue Trajectory and Seasonality

Revenue for the quarter ended 30 June 2026 stood at ₹670.74 crore. This figure

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +68.31%
- FII holding: +3.47%
- DII holding: +0.79%
- Mutual fund holding: +0.77%
- Retail holding: +14.45%
- Promoter pledged: +0.00%

### Major reported shareholders

- KARISMA GOODS PRIVATE LIMITED — +20.96% (Bodies Corporate)
- TATRAVAGONKA A.S. — +19.24% (Bodies Corporate)
- JUPITER METAL SPRING PRIVATE LIMITED — +10.15% (Bodies Corporate)
- ANISH CONSULTANTS & CREDITS PVT LTD — +3.59% (Bodies Corporate)
- MURARI LAL LOHIA — +3.57%
- JUPITER FORGINGS AND STEEL PVT LTD — +3.50% (Bodies Corporate)
- GOTHIC CORPORATION — +3.06%
- VIKASH LOHIA — +2.67%
- ATYANT CAPITAL INDIA FUND - I — +2.11%
- VIVEK LOHIA — +1.82%

## Official filings

- 2026-11-04 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_04112026142251_REG30BALMERLAWRIEORDER.pdf)
- 2026-11-03 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_03112026211217_reg30subsidiary_incorporation.pdf)
- 2026-11-02 — Press Release: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026104526_SEPRESSRELEASE021126.pdf)
- 2026-11-02 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_02112026163755_REG30_021126.pdf)
- 2026-10-23 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026160947_REG30MOU.pdf)
- 2026-10-23 — Press Release: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_23102026161619_SEPRESSRELEASE.pdf)
- 2026-10-07 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_07102026170824_SEREG74_5_.pdf)
- 2026-10-05 — Press Release: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_05102026133009_SEPRESSRELEASE.pdf)
- 2026-10-01 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_01102026113750_SEintimation.pdf)
- 2026-10-01 — Credit Rating Update: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_01102026123450_SEINTIMATIONCREDITRATING.pdf)
- 2026-10-01 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_01102026162034_SEintimationBSE.pdf)
- 2026-09-30 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_30092026192731_SEvotingresults.pdf)
- 2026-09-30 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-09-29 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_29092026160746_Outcome46thAGM.pdf)
- 2026-09-25 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_25092026155228_trandingwindowclosure.pdf)
- 2026-09-25 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3641_WebXMLFile_20260925_161013473.xml)
- 2026-09-23 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_23092026133959_InvestorMeetntimation_23092026.pdf)
- 2026-09-15 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_15092026165450_SEREG30.pdf)
- 2026-09-08 — Press Release: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_08092026133615_SEPRESSRELEASE08092026.pdf)
- 2026-09-07 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_07092026130407_senewspaperpost.pdf)
- 2026-09-05 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_05092026125244_SEAGMNOTICE2026.pdf)
- 2026-09-05 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_05092026132659_SEbookclosure2026.pdf)
- 2026-09-05 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CEBBCO_05092026152237_SEWEBLINL2026.pdf)
- 2026-09-05 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_3641_WebXMLFile_20260905_152128470.xml)
- 2026-09-05 — Generic Announcement: Jupiter Wagons Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_3641_WebXMLFile_20260905_151342416.xml)

## News and market events

- 2026-11-04 — Economic Times: **Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp** — Indian equities extended their winning streak to a fourth consecutive session, with the Nifty 50 rallying 1.58% to settle at 23,811 as broad-based buying sustained market recovery. Key entities including NSE, SBI, MCX, and Happiest Minds Technologies are in focus following strong quarterly earnings, while other firms like Chambal Fertilisers and Bata India reported mixed results with profit declines or margin contractions despite revenue growth. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- 2026-11-03 — MONEYCONTROL: **Price Action: Jupiter Wagons gains 2% on order win; KEC International slides 7% after weak Q2 earnings** — Jupiter Wagons shares gained 2% following an order win, while KEC International stock slid 7% due to weak second-quarter earnings. — [Source](https://www.moneycontrol.com/news/business/markets/price-action-jupiter-wagons-gains-2-on-order-win-kec-international-slides-7-after-weak-q2-earnings-14066855.html)
- 2026-11-02 — CNBC-TV18: **Jupiter Wagons shares rise 4% on ₹324 crore ACT-2 wagon orders** — Jupiter Wagons announced it has secured orders worth over ₹324 crore from GATX India and Chetak International for its ACT-2 wagon platform, leading to a share price increase of more than 4% in intraday trade on November 2, 2026. — [Source](https://www.cnbctv18.com/market/jupiter-wagons-share-price-rises-rs324-crore-act-2-wagon-order-wins-gatx-chetak-20024719.htm)
- 2026-11-02 — FREEPRESSJOURNAL.IN: **Jupiter Wagons Bags ₹324 Crore Private Sector Orders For ACT2 Automobile Carrier Wagons From GATX India, Chetak International** — Jupiter Wagons Limited announced it secured new private sector business worth over ₹324 crore, comprising an LOI from GATX India Private Limited and an order from Chetak International Private Limited for ACT2 automobile carrier wagons. The development reflects growing demand for the company's new-design platform among private wagon-leasing and logistics operators. — [Source](https://www.freepressjournal.in/business/jupiter-wagons-bags-324-crore-private-sector-orders-for-act2-automobile-carrier-wagons-from-gatx-india-chetak-international)
- 2026-10-29 — The Hindu: **Jupiter Wagons secures ₹1,140-crore order from Ministry** — Jupiter Wagons has secured a ₹1,140 crore order from the Ministry of Railways to manufacture and supply 2,583 wagons. The company expects incremental order inflows of around ₹2,000 crore in Q4FY27 based on this award. — [Source](https://www.thehindubusinessline.com/companies/jupiter-wagons-secures-1140-crore-order-from-ministry/article71639821.ece)
- 2026-10-29 — Economic Times: **Jupiter Wagons shares rally 8% on Rs 1,140 crore Railway Board order** — Jupiter Wagons shares rallied over 8% after securing a Rs 1,140 crore Railway Board order for 2,583 wagons. The company expects additional order inflows of around Rs 2,000 crore in Q4 FY27, supported by government and private-sector demand. Despite the gains, the stock has fallen 25% in three months and trades below seven of its eight simple moving averages. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jupiter-wagons-shares-rally-8-on-rs-1140-crore-railway-board-order/articleshow/135290681.cms)
- 2026-10-29 — Mint: **Jupiter Wagons share price rises fourth session straight; jumps 9% today; here's why | Check target, rationale** — Jupiter Wagons shares opened at ₹186.24 on NSE today, as compared to previous close of ₹181.05 on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/jupiter-wagons-share-price-rises-fourth-session-straight-jumps-9-today-heres-why-check-target-rationale-11793254615637.html)
- 2026-10-29 — MONEYCONTROL: **Buzzing Stocks: Jupiter Wagons gains 5% on Rs 1,140 crore order win; Aeroflex Industries jumps 15% as Q2 profit surges 156%** — Buzzing Stocks: Jupiter Wagons gains 5% on Rs 1,140 crore order win; Aeroflex Industries jumps 15% as Q2 profit surges 156% Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets B — [Source](https://www.moneycontrol.com/news/business/markets/buzzing-stocks-jupiter-wagons-gains-5-on-rs-1-140-crore-order-win-aeroflex-industries-jumps-15-as-q2-profit-surges-156-14063030.html)
- 2026-10-29 — BUSINESSTODAY: **Apple opens pre-orders for 8 new products in India, from ‘Welcome Home’ to ‘Pro and Tell’: Full list** — Apple opens pre-orders for 8 new products in India, from ‘Welcome Home’ to ‘Pro and Tell’: Full list From a brighter tablet display to faster desktop performance and touch controls on a MacBook, Apple’s latest launches offer upgrades worth considering before you choose your next device. — [Source](https://www.businesstoday.in/technology/news/story/apple-opens-pre-orders-for-8-new-products-in-india-from-welcome-home-to-pro-and-tell-full-list-564443-2026-10-29)
- 2026-10-29 — CNBC-TV18: **Jupiter Wagons shares surge 8% on ₹1,140 crore Railways order, rise for 4th straight session** — Jupiter Wagons shares surged over 7.50% after securing a ₹1,140 crore order from the Ministry of Railways to manufacture and supply 2,583 wagons. — [Source](https://www.cnbctv18.com/market/jupiter-wagons-share-price-order-win-indian-railways-wagons-stock-rises-for-fourth-session-20022139.htm)
- 2026-10-29 — BUSINESSTODAY: **Jupiter Wagons shares rise 9% on Rs 1,140-crore order win** — Shares of Jupiter Wagons Ltd rose 9% in early deals today after the railway sector firm said it has secured an order worth Rs 1,140 crore from the Ministry of Railways. — [Source](https://www.businesstoday.in/markets/stocks/story/jupiter-wagons-shares-rise-on-rs-1140-crore-order-win-564437-2026-10-29)
- 2026-10-05 — FREEPRESSJOURNAL.IN: **Jupiter Wagons Secures ₹100 Crore Uttarakhand BESS Project, Receives LoA For West Bengal Project** — Jupiter Wagons Limited has secured a 41 MW/102.5 MWh Battery Energy Storage System (BESS) project in Uttarakhand, valued at approximately ₹100 crore. The company also received a formal Letter of Award for a 50 MW/200 MWh BESS project in West Bengal. — [Source](https://www.freepressjournal.in/business/jupiter-wagons-secures-100-crore-uttarakhand-bess-project-receives-loa-for-west-bengal-project)
- 2026-09-30 — BUSINESSTODAY: **IRCON, RITES, Jupiter Wagons, Texmaco shares surge: What's happening with railway stocks?** — IRCON International, RITES, Jupiter Wagons, Texmaco Rail, Oriental Rail Infrastructure, RailTel, RVNL, IRFC, Container Corporation of India, IRCTC, Titagarh Rail Systems, railway stocks, railway shares, railway sector, railway stocks today, railway shares rally — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-rites-jupiter-wagons-texmaco-shares-surge-whats-happening-with-railway-stocks-558813-2026-09-30)
- 2026-09-24 — Times of India: **Jupiter Defence gets 256 acres in Purulia for Bengal’s first defence plant** — Bengal allots 256 acres in Purulia to Jupiter Defence for integrated defence manufacturing unit, the state’s first, boosting jobs and industrial growth. — [Source](https://timesofindia.indiatimes.com/city/kolkata/jupiter-defence-gets-256-acres-in-purulia-for-bengals-first-defence-plant/articleshow/134465352.cms)
- 2026-09-08 — BUSINESSTODAY: **Jupiter Wagons wins Rs 98 crore order from GATX India; stock flat** — Jupiter Wagons, Jupiter Wagons shares, Jupiter Wagons stock, Jupiter Wagons order, Jupiter Wagons GATX order, GATX India, Jupiter Wagons share price, Jupiter Wagons BFNS22.9 rakes, Jupiter Wagons latest news, Jupiter Wagons Rs 97.66 crore order — [Source](https://www.businesstoday.in/markets/stocks/story/jupiter-wagons-wins-rs-98-crore-order-from-gatx-india-stock-flat-553936-2026-09-08)
- 2026-08-28 — The Hindu: **Buzzing stocks: Hero MotoCorp, Lenskart, Cipla, Wipro, Tejas Networks and more** — Explore recent developments in buzzing stocks including Lenskart, Hero MotoCorp, Cipla, and more in the market. — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-hero-motocorp-lenskart-cipla-wipro-tejas-networks-and-more/article71398958.ece)
- 2026-08-20 — BUSINESSTODAY: **RVNL, IRCON, Jupiter Wagons, Titagarh Rail: Why railway stocks are rising today** — railway sector stocks, projects of Railways, rail sector stocks, Titagarh Rail System shares, Texmaco Rail, RVNL, IRCON International, Jupiter Wagons, IRFC, RITES, stock gainers, Four projects of Ministry of Railways — [Source](https://www.businesstoday.in/markets/stocks/story/rvnl-ircon-jupiter-wagons-titagarh-rail-why-railway-stocks-are-rising-today-550251-2026-08-20)
- 2026-08-19 — Economic Times: **Jefferies cuts target price for Jupiter Wagons, maintains Underperform after Q1 earnings. Here’s why** — Jefferies has cut its target price for Jupiter Wagons to Rs 185 from Rs 210 and retained its Underperform rating after weak Q1 earnings. The brokerage lowered FY27E-29E EPS estimates by 6%-20%, citing weaker wagon and wheelset sales, margin pressure and slower execution, while maintaining a positive view on the companys long-term wheel manufacturing opportunity. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jefferies-cuts-target-price-for-jupiter-wagons-maintains-underperform-after-q1-earnings-heres-why/articleshow/133341991.cms)
- 2026-08-13 — Mint: **IRFC: Why the railway stock keeps falling despite record profit** — IRFC delivered its strongest-ever quarter, but a shrinking loan book, falling margins, government stake sales and a still-premium valuation are weighing on the stock. — [Source](https://www.livemint.com/market/stock-market-news/irfc-why-the-railway-stock-keeps-falling-despite-record-profit-11786551327127.html)
- 2026-08-11 — Economic Times: **Jupiter Wagons shares rise 4% after Rs 211 crore order wins, Rs 400 crore BESS project** — Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a Rs 1,000 crore BESS order book by FY27. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jupiter-wagons-shares-rally-4-after-rs-211-crore-order-wins-rs-400-crore-bess-project/articleshow/133144988.cms)
- 2026-08-11 — CNBC-TV18: **Gland Pharma to Triveni Turbines: Top stocks to track in trade today** — Today, at market open, some Nifty 500 stocks rallied on strong earnings and bullish brokerage calls, while others slid on weak Q1 numbers. Here's a look at today's top gainers and losers at market open. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-gland-pharma-jubilant-pharmova-kec-oil-india-19966195.htm)
- 2026-08-11 — The Hindu: **Jupiter Wagons secures ₹400-crore BESS projects from WBSEDCL** — Jupiter Wagons wins two ₹400-crore BESS projects from WBSEDCL with 100 MW/400 MWh capacity, taking JEM Energy’s order book to 500 MWh. — [Source](https://www.thehindubusinessline.com/news/national/jupiter-wagons-wins-400-crore-battery-storage-projects-from-wbsedcl/article71329806.ece)
- 2026-08-04 — The Hindu: **Sensex today | Stock Market Live: Sensex gains 200 pts, Nifty down 140 pts to 24,600 as CAS correction weighs; LIC shares fall 7%; RBI policy, earnings in focus** — Sensex, Nifty, Share Prices LIVE: Benchmark indices opened Tuesday’s session on a weak note, with the Nifty 50 trading lower by 175 points and the Sensex slipping modestly, as markets corrected after Monday’s sharp rally that analysts attributed partly to a technical distortion from the new Closing Auction Session mechanism. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-4th-august-2026/article71301258.ece)
- 2026-08-04 — The Hindu: **Stocks to watch, August 4: LIC, Arvind, Paytm, Meesho among 8 stocks will be in focus today** — Key triggers for UPL, Jupiter Wagons, Kirloskar Pneumatic — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-august-4-lic-arvind-paytm-meesho-among-8-stocks-will-be-in-focus-today/article71303744.ece)
- 2026-08-03 — CNBC-TV18: **Jupiter Wagons partners with Italy’s Lucchini RS to make railway wheels in India** — Jupiter Wagons has partnered with Italy’s Lucchini RS and investment firm SIMEST to build India’s first private-sector facility making railway wheels, axles and wheelsets under one roof. — [Source](https://www.cnbctv18.com/business/companies/jupiter-wagons-partners-with-italys-lucchini-rs-to-make-railway-wheels-in-india-19960928.htm)

## Business profile

**Strategic vision:** Manufactures railway freight wagons, components, and commercial vehicle load bodies.

### Business segments
- **Railway Rolling Stock and Components:** Manufactures various types of railway wagons, wagon accessories, and is developing passenger coaches and associated accessories.
- **Complete Track Solutions:** Provides complete track solutions including CMS crossings for Indian Railways, European Railways, and CMS AREMA frogs for American railroads.
- **Commercial Vehicle Load Bodies:** Manufactures application-based load bodies for commercial vehicles, including tipper bodies, tanker bodies, and various trailer bodies.
- **Containers:** Offers ISO marine containers, refrigerated containers, truck-mounted containers, and BESS containers.
- **Commercial Electric Vehicles:** Involved in commercial electric vehicles through its subsidiary, Jupiter Electric Mobility Pvt. Ltd., including models like the JEM-TEZ.

### Competitive strengths
- Provider of comprehensive mobility solutions.
- Manufacturer in India's railway sector.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jwl
Markdown representation: https://faxioms.com/stocks/jwl?render=md