# TITAGARH (TITAGARH) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹836.05
- Change: +1.08%
- As of: 2026-09-18
- 1D return: +1.27%
- 5D return: -2.51%
- 1M return: -1.37%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, TITAGARH's technical stance shows mixed signals across timeframes. The daily timeframe indicates a potential shift, with the price trading below its 20-day and 50-day moving averages, though above the Supertrend. Conversely, the weekly timeframe exhibits strength, with the price above its 20-day and 50-day moving averages and the Supertrend indicating a bullish trend. The monthly timeframe, however, shows the price below its 20-day moving average and the Supertrend in a bearish direction, suggesting longer-term caution. Recent anomalies include an extreme upward gap on September 16, 2026, and a high-severity downward gap on September 11, 2026. Active monthly patterns include a Bullish Engulfing Reversal and an Outside Bar, both as of September 18, 2026.

The stock is currently trading at ₹837.65. Nearest support is observed around ₹828.42 (1.1% below current price), with further support at ₹814.16. Resistance is noted at ₹841.48 (0.46% above current price) and ₹843.73. The stock's current drawdown stands at -0.25, with annualized volatility at 0.4. The setup risk is moderate given the conflicting signals across timeframes and the presence of recent price gaps.

- Nearest support level at ₹828.42.
- Nearest resistance level at ₹841.48.
- Daily timeframe shows price below key moving averages (20-day, 50-day).
- Weekly timeframe shows price above key moving averages (20-day, 50-day) and bullish Supertrend.
- Monthly timeframe shows price below 20-day moving average and bearish Supertrend.

- Bullish Engulfing Reversal
- Outside Bar
- Harami
- Shooting Star
- Inside Bar

### News Context

Titagarh Rail Systems was highlighted in market news on September 16, 2026, in relation to a joint venture agreement with Bharat Heavy Electricals Limited (BHEL). This development was noted as a key factor for investors to monitor. The news also linked Titagarh Rail Systems to BHEL stock, suggesting a focus on their collaborative activities, particularly concerning Vande Bharat sleeper trainsets.

- On September 15, 2026, a joint venture agreement between BHEL and Titagarh Rail Systems was reported as a stock to watch for September 16.
- Titagarh Rail Systems shares were mentioned in market commentary on September 16, 2026, in conjunction with BHEL, specifically in relation to Vande Bharat sleeper trainsets.

- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- BHEL, Titagarh Rail Systems shares in focus today; here's why
- Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC
- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers

### What Changed

Titagarh Rail Systems, trading on the NSE, has experienced a recent price increase. On September 18, 2026, the stock closed at ₹837.65, up from its previous closing price of ₹827.15 on the same date. The available evidence does not indicate any new filings or news developments for the company as of September 18, 2026. Therefore, the continuing context remains the company's profile as Titagarh Rail Systems listed on the NSE.

- On September 18, 2026, Titagarh Rail Systems' stock closed at ₹837.65.
- This represents an increase from the previous closing price of ₹827.15 on September 18, 2026.
- No new filings or news developments were reported for Titagarh Rail Systems as of September 18, 2026.

### Official Filings

Titagarh Rail Systems Limited (TRSL) has entered into a significant Joint Venture Agreement with Bharat Heavy Electricals Limited (BHEL) on September 15, 2026. This 50:50 joint venture aims to establish a new company for the comprehensive maintenance of 80 Vande Bharat Trainsets over a 35-year period, a project awarded by Indian Railways. The joint venture company will be incorporated in Delhi with an initial paid-up share capital of ₹50,00,000. This development marks a strategic partnership for a long-term service contract in the rail sector.

In parallel, the company is preparing for its 29th Annual General Meeting (AGM) scheduled for September 30, 2026. Key proposals for shareholder approval include the re-appointment of Shri Jagdish Prasad Chowdhary as Executive Chairman for five years and Shri Anil Kumar Agarwal as Deputy Managing Director for three years. The Board has also recommended a final dividend of Re. 1 per equity share for the financial year ended March 31, 2026. Shareholders are advised that this dividend will be subject to Tax Deducted at Source (TDS) as per prevailing tax laws, with September 23, 2026, set as the record date for determining eligibility.

- On September 15, 2026, Titagarh Rail Systems Limited and Bharat Heavy Electricals Limited signed a Joint Venture Agreement to maintain 80 Vande Bharat Trainsets for 35 years.
- The joint venture company will have an initial paid-up share capital of ₹50,00,000.
- The 29th Annual General Meeting is scheduled for September 30, 2026.
- Shareholder approval will be sought for the re-appointment of Shri Jagdish Prasad Chowdhary as Executive Chairman and Shri Anil Kumar Agarwal as Deputy Managing Director.
- A final dividend of Re. 1 per equity share for the financial year ended March 31, 2026, is proposed, with September 23, 2026, as the record date.

- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Signing of Joint Venture Agreement with Bharat Heavy Electricals Ltd |SUBJECT: Arrangements for strategic, technical, manufacturing, or marketing tie up
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding a press release dated September 15, 2026, titled "Titagarh Rail Systems and Bharat Heavy Electricals Limited Sign Contract for Long-Term Maintenance of Vande Bharat Sleeper Trainsets". |SUBJECT: Press Release
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026 |SUBJECT: Shareholders meeting
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026. |SUBJECT: Record Date
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 30-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Communication to Shareholders w.r.t. Tax Deduction at Source on Dividend Payout |SUBJECT: General Updates
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about letters sent to shareholders in pursuant to Regulation 36(1)(b) and 30 of SEBI (LODR) Regulations, 2015 |SUBJECT: General Updates
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding Outcome of Board Meeting held on September 07, 2026. |SUBJECT: Outcome of Board Meeting
- AS ON DATE : 08-SEP-26

### Fundamentals

Titagarh Rail Systems reported revenue from operations of ₹765.07 crore for Q1 FY2026-27. This follows revenues of ₹832.06 crore in Q3 FY2025-26 and ₹875.43 crore in Q4 FY2025-26. Profit Before Tax (PBT) for Q1 FY2026-27 was ₹71.46 crore, compared to ₹72.50 crore in Q3 FY2025-26 and ₹77.73 crore in Q4 FY2025-26. The net profit for the period, Profit Loss For Period, was ₹52.58 crore in Q1 FY2026-27, down from ₹53.50 crore in Q4 FY2025-26 but higher than ₹48.15 crore in Q3 FY2025-26. Finance costs have shown a declining trend, decreasing from ₹17.79 crore in Q3 FY2025-26 to ₹15.10 crore in Q1 FY2026-27. Tax expenses varied, with ₹16.91 crore in Q3 FY2025-26, ₹21.17 crore in Q4 FY2025-26, and ₹18.28 crore in Q1 FY2026-27. Investors may monitor the sequential revenue trend and the conversion of operating profit to net profit.

- Revenue from operations stood at ₹765.07 crore in Q1 FY2026-27.
- Profit Before Tax was ₹71.46 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹52.58 crore in Q1 FY2026-27.
- Finance costs decreased to ₹15.10 crore in Q1 FY2026-27 from ₹17.79 crore in Q3 FY2025-26.
- Tax expense was ₹18.28 crore in Q1 FY2026-27.

### Bull Case

Titagarh Rail Systems is currently showing some constructive technical signals on a weekly basis. The weekly trend indicates a bullish Super Trend direction, suggesting upward momentum over that timeframe. Additionally, the weekly 20-day Exponential Moving Average (EMA) shows a positive slope, indicating a recent upward price movement. While the daily trend indicators are mixed, with the 20-day EMA slope being negative, the overall weekly technical picture presents a potentially positive setup.

- Weekly Super Trend direction is bullish as of the week ending 2026-09-18.
- The weekly 20-day EMA slope is positive, indicating recent upward price movement on a weekly basis.
- The company's shares were mentioned in news headlines related to potential business developments, including a joint venture agreement with BHEL, on September 16, 2026.

- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- BHEL, Titagarh Rail Systems shares in focus today; here's why
- Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC
- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers

### Bear Case

The company's technical indicators present a mixed picture, with some suggesting potential headwinds. While the weekly trend indicates a bullish Supertrend direction, the monthly trend shows a bearish Supertrend direction. The stock's performance over the past year has been negative, with a return of -12% as of 2026-09-18. Furthermore, the current drawdown stands at -25%, with a maximum drawdown experienced at -49%, indicating significant past volatility and potential for further price erosion.

- The monthly trend shows a bearish Supertrend direction as of 2026-09-18.
- The stock has experienced a -12% return over the past year, as of 2026-09-18.
- The current drawdown is -25%, with a maximum drawdown of -49%.

- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- BHEL, Titagarh Rail Systems shares in focus today; here's why
- Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC
- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers

### FAQs

**What is the significance of the Joint Venture Agreement between Titagarh Rail Systems and Bharat Heavy Electricals Ltd (BHEL)?**

On September 15, 2026, Titagarh Rail Systems Limited (TRSL) and BHEL executed a 50:50 Joint Venture Agreement to establish a new company for the maintenance of 80 Vande Bharat Trainsets. This agreement covers comprehensive maintenance for 35 years under an Indian Railways project. The joint venture company will be incorporated in Delhi with an initial paid-up share capital of ₹50,00,000.

**What key decisions are scheduled for the upcoming Annual General Meeting (AGM) on September 30, 2026?**

The 29th Annual General Meeting of Titagarh Rail Systems Limited is scheduled for September 30, 2026. Shareholders will vote on the re-appointment of Shri Jagdish Prasad Chowdhary as Executive Chairman for five years, with proposed remuneration including ₹2.40 crore fixed annual pay plus variable pay. The re-appointment of Shri Anil Kumar Agarwal as Deputy Managing Director for three years and the declaration of a final dividend of Re. 1 per equity share for the financial year ended March 31, 2026, are also on the agenda.

**What is the company's recent stock performance and volatility?**

As of September 18, 2026, Titagarh Rail Systems has shown varied returns across different periods. It experienced a return of 1% in the last day, -1% over 10 days, and -12% over the past year. The stock has also seen a 29% return in the last 6 months but a -5% year-to-date return. The annualized volatility is reported at 40%, with a current drawdown of -25% and a maximum drawdown of -49%.

**What are the key technical support and resistance levels for Titagarh Rail Systems shares?**

As of September 18, 2026, key technical levels for Titagarh Rail Systems include support at ₹828.42 (pivot) and ₹814.16 (low). Resistance levels are identified at ₹841.48 (high) and ₹843.73 (high).

- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- BHEL, Titagarh Rail Systems shares in focus today; here's why
- Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC
- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Signing of Joint Venture Agreement with Bharat Heavy Electricals Ltd |SUBJECT: Arrangements for strategic, technical, manufacturing, or marketing tie up
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding a press release dated September 15, 2026, titled "Titagarh Rail Systems and Bharat Heavy Electricals Limited Sign Contract for Long-Term Maintenance of Vande Bharat Sleeper Trainsets". |SUBJECT: Press Release
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026 |SUBJECT: Shareholders meeting
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026. |SUBJECT: Record Date
- TITAGARH RAIL SYSTEMS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 30-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹828.42
- Risk regime: Price Risk Requires Attention

### Support levels
- 814.15625
- 769.425
- 756.2093749999999

### Resistance levels
- 841.475
- 889.8
- 904.0875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.27% |
| return_10 | -0.78% |
| return_1m | -0.45% |
| return_1y | -11.50% |
| return_20 | -1.37% |
| return_3m | -10.18% |
| return_5 | -2.51% |
| return_6m | +29.04% |
| return_since_start | -24.42% |
| return_ytd | -5.00% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -48.71% |
| annualized_volatility | +40.45% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Dips Sequentially but Profit Holds Steady; Year-on-Year Profit Rises 70%

In the first quarter of FY2026-27, Titagarh Rail Systems reported revenue of ₹765.07 crore, a 12.6% decrease from the preceding quarter but a 12.6% increase over the same period last year. Despite the sequential revenue drop, net profit fell only 1.7% from the prior quarter, as a sharp reduction in other expenses and lower finance costs helped cushion the impact. Compared to the year-ago quarter, net profit rose 69.9%, outpacing revenue growth.

## Revenue: Sequential Decline After Four Quarters of Growth

Revenue from operations fell from ₹875.43 crore in Q4 FY2025-26 to ₹765.07 crore in Q1 FY2026-27, a decrease of ₹110.36 crore or 12.6%. This reversed the rising trend seen over the previous four quarters. On a year-on-year basis, revenue grew by ₹85.77 crore or 12.6% from ₹679.30 crore in Q1 FY2025-26, indicating that the business is still larger than a year ago.

## Profitability: Margins Improve as Costs Decline

Profit before tax (PBT) was ₹71.46 crore, down 8.1% sequentially from ₹77.72 crore, but up 25.4% from ₹56.99 crore a year earlier. Net profit (profit for the period) was ₹52.58 crore, a modest 1.7% sequential decline from ₹53.50 crore, and a 69.9% increase from ₹30.94 crore in Q1 FY2025-26.

The sequential decline in revenue was not matched by a proportional decline in profit. The PBT margin improved from 8.9% in Q4 to 9.3% in the current quarter, while the net profit margin rose from 6.1% to 6.9%. Year-on-year, the net profit margin expanded from 4.6% to 6.9%, as profit growth far exceeded revenue growth.

## Other Expenses: Sharp Decline Helps Offset Revenue Drop

Other expenses fell sharply from ₹108.99 crore in Q4 to ₹78.97 crore in the current quarter, a decline of ₹30.02 crore or 27.5%. This sharp decline contributed to the resilience of net profit. Compared to the year-ago quarter, other expenses were down 17.7% from ₹95.91 crore.

## Finance Costs: Continued Decline

Finance costs decreased from ₹16.88 crore in Q4 to ₹15.10 crore in the current quarter, a decline of 10.6%. On a year-on-year basis, finance costs fell 15.4% from ₹17.84 crore. Finance costs have declined each quarter over the past five quarters, with the current figure being the lowest in that period. The lower finance costs also contributed to the resilience of net profit.

## Earnings Per Share

Basic earnings per share (EPS) was ₹3.91, compared to ₹3.97 in the prior quarter (down 1.5%) and ₹2.30 in the year-ago quarter (up 70.0%). Diluted EPS was ₹3.84, reflecting a small dilution effect.

## Segment Profit vs. Total Profit

Segment profit before tax was ₹70.88 crore, while total profit before tax was ₹71.46 crore, a difference of ₹0.58 crore. The small gap does not materially affect the overall picture.

## Key Takeaway

Titagarh Rail Systems experienced a sequential revenue decline in Q1 FY2026-27, but a sharp reduction in other expenses and lower finance costs helped keep net profit nearly flat. Year-on-year, net profit rose 69.9% on a 12.6% revenue increase, reflecting improved margins.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_15092026162116_StockExchangeintimationJVAwithBHEL15092026Final.pdf)
- 2026-09-15 — Press Release: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_15092026204739_PressRelease15092026.pdf)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_08092026135547_SubmissionofNoticeofAGM08092026.pdf)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_08092026141715_CorporateActionRecorddateintimation.pdf)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2744_WebXMLFile_20260908_153131567.xml)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2744_WebXMLFile_20260908_152924531.xml)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_08092026163726_TDScommunicationletter08092026.pdf)
- 2026-09-08 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_08092026193404_WeblinkforARandKYC.pdf)
- 2026-09-07 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_07092026191745_OutcomeofBM07092026.pdf)
- 2026-09-07 — Annual Report: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31856_TITAGARH_2025_2026_A_5335391_08092026133619.pdf)
- 2026-09-05 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_05092026162249_PRSLeadershipRestructuring.pdf)
- 2026-08-21 — Press Release: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_21082026233940_TRSLPressRelease.pdf)
- 2026-08-20 — Official Filing: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_2744_WebXMLFile_20260820_185346290.xml)
- 2026-08-19 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_19082026125105_IntimationofEarningsCallstranscriptQ1FY27.pdf)
- 2026-08-19 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_19082026220106_IntimationtoSEUpgradationofVendorStatusTractionMotors.pdf)
- 2026-08-14 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_14082026192227_InvestorsCallAudioLink.pdf)
- 2026-08-14 — Earnings Presentation: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_14082026153310_InvestorPresentationQ1FY2714082026.pdf)
- 2026-08-14 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_14082026150736_NewspaperPublication.pdf)
- 2026-08-13 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_13082026111324_OutcomeofBMtoSE_12082026.pdf)
- 2026-08-12 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_12082026194733_StatementofDeviation12082026.pdf)
- 2026-08-12 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_12082026194403_OutcomeofBM12082026.pdf)
- 2026-08-12 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_12082026195035_OutcomeofBM12082026.pdf)
- 2026-08-12 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_12082026194629_Monitoringagencyreport12082026.pdf)
- 2026-08-07 — Generic Announcement: Titagarh Rail Systems Limited will hold an earnings conference call for Q1 & FY27 on August 14, 2026, at 5:30 PM IST. The call will include Vice Chairman & Managing Director Umesh Chowdhary, Dy. Managing Directors Anil Kumar Agarwal and Prithish Chowdhary, and CFO Saurav Singhania. A recording and transcript will be available on the company website. — [Official attachment](https://nsearchives.nseindia.com/corporate/TWL_07082026161247_IntimationofEarningsCallQ1FY27.pdf)
- 2026-08-06 — Generic Announcement: TITAGARH RAIL SYSTEMS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2744_WebXMLFile_20260806_171923017.xml)

## News and market events

- 2026-09-16 — BUSINESS: **Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler** — Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 16 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-gmr-airports-saatvik-green-energy-nbcc-gmm-pfaudler-126091600135_1.html)
- 2026-09-16 — BUSINESSTODAY: **BHEL, Titagarh Rail Systems shares in focus today; here's why** — BHEL shares, Titagarh Rail Systems shares, BHEL stock, BHEL share price today, Vande Bharat sleeper trainsets — [Source](https://www.businesstoday.in/markets/stocks/story/bhel-titagarh-rail-systems-shares-in-focus-today-heres-why-555758-2026-09-16)
- 2026-09-16 — BUSINESSTODAY: **Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Groww, Kanohar Electricals, Bharat Heavy Electricals, BHEL, Glass Wall Systems (India), Aurobindo Pharma, GMR Airports, Prasol Chemicals, NBCC (India), Tata Communications, Blue Star, Billionbrains Garage Ventures, Saatvik Green Energy, Sunshine Pictures, India Pesticides, Sonata Software, VIP Industries — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-groww-kanohar-bhel-glass-wall-auro-pharma-gmr-airports-prasol-nbcc-555749-2026-09-16)
- 2026-09-15 — CNBC-TV18: **Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more** — From BHEL signing a joint venture agreement with Titagarh Rail Systems to Sonata Information Technology signing a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services, here are the stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-16-hdfc-bank-bhel-bharat-forge-blue-star-and-more-19991194.htm)
- 2026-09-15 — Mint: **Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers** — On September 16, investors will monitor companies such as Tata Communications and Aurobindo Pharma due to various business updates, including new product launches, joint ventures, and settlement agreements.  — [Source](https://www.livemint.com/market/top-stocks-in-focus-tomorrow-investors-must-watch-nbcc-bhel-bharat-forge-shares-on-wed-16-sept-triggers-11789478026874.html)
- 2026-09-15 — FREEPRESSJOURNAL.IN: **BHEL, Titagarh Sign 50:50 JV, ₹50 Lakh Venture To Maintain Vande Bharat Sleeper Trains For 35 Years** — BHEL and Titagarh Rail Systems sign a 50:50 venture to maintain Vande Bharat Sleeper trainsets for 35 years, backed by Rs 50 lakh in initial paid-up capital. — [Source](https://www.freepressjournal.in/business/bhel-titagarh-sign-5050-jv-50-lakh-venture-to-maintain-vande-bharat-sleeper-trains-for-35-years)
- 2026-09-15 — BUSINESSTODAY: **Titagarh Rail Systems rides on Vande Bharat, metro push for growth; what else ICICI Securities says** — Titagarh Rail Systems, Vande Bharat trains, metro coaches, rolling stock India, passenger mobility, freight wagons, BHEL consortium, rail cargo target, Titagarh Rail target price, Titagarh Rail share price target — [Source](https://www.businesstoday.in/markets/stocks/story/titagarh-rail-systems-rides-on-vande-bharat-metro-push-for-growth-what-else-icici-securities-says-555522-2026-09-15)
- 2026-09-09 — Times of India: **Top stocks to buy today: Stock recommendations for September 9, 2026 - check list** — India Business News: Stock market recommendations: Titagarh Rail Systems, AIA Engineering, and HBL Engineering - Mehul Kothari, DVP of Technical Research at Anand Rathi Sh. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-09-2026-titagarh-rail-systems-aia-engineering-hbl-engineering-best-stocks-to-buy-today/articleshow/133940516.cms)
- 2026-09-08 — MONEYCONTROL: **Trade Spotlight: How should you trade Titagarh Rail Systems, AIA Engineering, Apollo Hospitals, Divis Labs, Blue Star, and others on September 8?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-titagarh-rail-systems-aia-engineering-apollo-hospitals-divis-labs-blue-star-and-others-on-september-8-14024785.html)
- 2026-09-08 — Mint: **Raja Venkatraman recommends three stocks for 8 September** — Market expert Raja Venkatraman shares his top stock picks for 8 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-8-september-11788800507147.html)
- 2026-09-04 — BUSINESS: **Volumes jump at HBL Engineering Ltd counter** — HBL Engineering Ltd saw volume of 127.24 lakh shares by 14:14 IST on NSE, a 20.33 fold spurt over two-week average daily volume of 6.26 lakh shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-hbl-engineering-ltd-counter-126090400643_1.html)
- 2026-09-04 — Mint: **Gift Nifty hints big gap-up start | Amid Janmashtami celebrations, Vaishali Parekh recommends three stocks to buy today** — Vaishali Parekh recommends three stocks to buy today — Titagarh Rail Systems, Edelweiss Financial Services, and PI Industries — [Source](https://www.livemint.com/market/stock-market-news/gift-nifty-hints-big-gap-up-start-amid-janmashtami-celebrations-vaishali-parekh-recommends-three-stocks-to-buy-today-11788485706235.html)
- 2026-09-02 — Times of India: **First Vande Bharat in 2019, sleeper version came in 2026; now 260 trains in works** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/133702275.cms" /The first pair of Vande Bharat sleeper trains was launched earlier this year between Guwahati and Howrah. The second pair is undergoing trials and is expected to enter service soon. Reports suggest it may run between Bengaluru and Mumbai, though an official confirmation is awaited. — [Source](https://timesofindia.indiatimes.com/business/india-business/in-2019-india-launched-its-first-vande-bharat-express-seven-years-later-came-the-sleeper-version-and-railways-now-plans-260-vande-sleeper-rakes-with-world-class-features/articleshow/133702275.cms)
- 2026-08-27 — FREEPRESSJOURNAL.IN: **Titagarh Signs Siemens MoU, Eyes Global Metro Rail Projects** — Titagarh Rail Systems and Siemens will jointly explore international metro rolling stock projects while supporting local manufacturing in India. — [Source](https://www.freepressjournal.in/business/titagarh-signs-siemens-mou-eyes-global-metro-rail-projects)
- 2026-08-21 — Economic Times: **India set to approve $1.2 billion incentive plan to make building equipment, sources say** — India is set to launch a $1.2 billion incentive scheme to stimulate local manufacturing efforts. This initiative aims to draw in $1.8 billion of new investments over the next seven years, focusing on essential machinery such as tunnel boring machines and fire-fighting equipment. A major goal is to lessen reliance on imports, particularly from China, while establishing local value-addition targets for machines that are fully imported. — [Source](https://economictimes.indiatimes.com/markets/digital-real-estate/realty-news/india-set-to-approve-1-2-billion-incentive-plan-to-make-building-equipment-sources-say/articleshow/133405575.cms)
- 2026-08-20 — BUSINESS: **Titagarh Rail gains 3% as Jefferies sees 5% revenue boost for wagon maker** — Titagarh Rail Systems is an Indian railway wagon and coach manufacturer, with an annual manufacturing capacity of 12,000 wagons and 300 coaches. — [Source](https://www.business-standard.com/markets/news/titagarh-rail-gains-3-as-jefferies-sees-5-revenue-boost-for-wagon-maker-126082000643_1.html)
- 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)
- 2026-08-20 — The Hindu: **18  stocks including  BSE, LIC, HDFC Bank, Aditya Infotech, Ramco Systems, Titagarh Rail, Gravita, Strides, Dr Lal Path in focus today** — Focus will also be on Autoline, Tata Motors, NIS, Quint Digital, HEG, Cellar Gadgets, Ceigall, EMS, Mukund — [Source](https://www.thehindubusinessline.com/markets/18-stocks-including-bse-lic-hdfc-bank-aditya-infotech-ramco-systems-titagarh-rail-gravita-strides-dr-lal-path-in-focus-today/article71367601.ece)
- 2026-08-19 — CNBC-TV18: **Titagarh Rail Systems gets Indian Railways vendor status for 3-phase traction motors** — Shares of Titagarh Rail Systems Ltd ended at ₹829.65, down by ₹11.45, or 1.36%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/titagarh-rail-systems-share-price-gets-indian-railways-vendor-status-for-3-phase-traction-motors-19973141.htm)
- 2026-08-13 — The Hindu: **Q1 Results Today Live: TMPV shares gain ahead of Q1 results today, Page Industries, Solar Ind, LG Electronics, Max Healthcare, GIC, Godrej, Jubilant Foodworks, Amber Enterprises, Indraprastha, Brigade, JSW Cement, Honasa to announce Q1 results** — Q1 Results Today, 13th August 2026 Live Updates: Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-solar-ind-tmpv-lg-electronics-max-healthcare-gic-godrej-ind-jubilant-foodworks-amber-enterprises-brigade-jsw-cement-honasa-consumer-tmcv-hal-results-13-august-2026/article71335955.ece)
- 2026-08-13 — CNBC-TV18: **Q1 Results LIVE Updates: Astral shares gain over 7%; Tata Motors PV, LG report today** — Q1 Results LIVE Updates: Tata Motors PV, Page Industries, JSW Cement, Aditya Birla Real Estate, Avanti Feeds, Dreamfolks, Godrej Industries, IGL, Indigo Paints, IPCA Labs, Jubilant Foodworks, LG Electronics India, Max Financial Services, Olectra Industries, VST Tillers, Welspun Living, Solar Industries, are among the companies reporting their first quarter earnings today. Earnings reactions also come from Tata Motors CV, Lenskart, Apollo Hospitals among many other stocks. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-tata-motors-page-industries-abrel-jsw-cement-lenskart-petronet-astral-igl-ipca-share-price-liveblog-19968129.htm)
- 2026-08-12 — FEEDS: **Titagarh Rail Q1 Results: Wagon-Maker Swings To Profit; Revenue Jumps 13%** — Titagarh Rail's revenue saw a 12.6% increase to Rs 765 crore, from Rs 679 crore in the year-ago period as per its Q1FY27 results. — [Source](https://www.ndtvprofit.com/markets/titagarh-rail-systems-q1-results-11901024)
- 2026-08-01 — Mint: **Three railway stocks bought by DIIs in the June quarter** — Here are three railway stocks accumulated by DIIs in the June quarter. — [Source](https://www.livemint.com/market/stock-market-news/three-railway-stocks-where-diis-raised-stakes-in-june-2026-quarter-11785497056962.html)
- 2026-07-25 — The Hindu: **Bangalore Metro Rail Corporation Limited to induct 13th Yellow Line train into service next week** — Bangalore Metro Rail Corporation Limited is set to induct the 13th trainset for Yellow Line into commercial operations — [Source](https://www.thehindu.com/news/cities/bangalore/bangalore-metro-rail-corporation-limited-to-induct-13th-yellow-line-train-into-service-next-week/article71266594.ece)

## Business profile

**Strategic vision:** Manufactures rail systems and engages in shipbuilding.

### Business segments
- **Freight Rail Systems:** The company designs and manufactures a range of freight wagons and critical components like bogies and couplers, leveraging its foundry operations.
- **Passenger Rail Systems:** Titagarh manufactures passenger rolling stock, including semi high-speed trains and urban metros, and provides electric propulsion systems, supported by its Italian subsidiary Titagarh Firema SpA.
- **Shipbuilding:** Through its subsidiary Titagarh Naval Systems Ltd., the company undertakes shipbuilding activities and is expanding capacity for larger vessels.

### Competitive strengths
- Vertically integrated manufacturing operations from foundry to finished rolling stock.
- Strategic joint ventures for specialized manufacturing and R&D.
- International subsidiary for passenger rolling stock expertise.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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