Synopsis: The shares of this small-cap railway stock were in focus after the company announced its bagging of an order worth Rs 132 crore for the supply of a rake of BLSS wagons comprising BLSS wagons and BVCM wagons by M/s. Touax Texmaco Railcar Leasing Private Limited.
The shares of this company, which is involved in the business of manufacturing rolling stock, hydromechanical equipment, steel castings & construction of rail EPC, bridges, and other steel structures, had its shares in the spotlight following the company announcing its Rs 132 crore order win for rail wagon supply.
With a market cap of Rs 5,167 crore, the shares of Texmaco Rail & Engineering Ltd jumped about 3% and reached their high at Rs 129.55 compared to their previous day’s closing price at Rs 125.95 and are trading at a PE of 24.5, whereas their industry PE is 33.4, and have given a return of 340% over the last 5 years.
About the order.
Texmaco Rail & Engineering Limited has announced a Rs 132 crore order for the supply of a rake of BLSS wagons, including BLSS and BVCM wagons, awarded by Touax Texmaco Railcar Leasing Private Limited, its joint venture. The order is domestic in nature and will be executed in phases up to July 2026, offering clear visibility on deliveries and revenues over the coming quarters.
This order supports ongoing demand for specialized freight wagons used in bulk transportation and helps ensure steady utilization of Texmaco’s wagon manufacturing facilities. The phased execution structure allows the company to plan production efficiently while maintaining momentum across its broader order book.
Texmaco also clarified that it is one of the promoters of the JV awarding the order and that the transaction has been carried out on an arm’s-length basis with no conflict of interest. Overall, the order strengthens Texmaco’s position in the rail freight and wagon leasing ecosystem, adds to its execution pipeline, and supports stable near-term revenue visibility.
Financials and more.
The revenue from operations is at Rs 1,258 crore in Q2 FY26 versus Rs 1,346 crore in Q2 FY25, which is a fall of about 6 per cent. Similarly, the net profit has also decreased from Rs 74 crore in Q2 FY25 to Rs 64 crore in Q2 FY26, which is a fall of about 13 per cent.
The company has an order book at Rs 6,367 crore. Texmaco Rail & Engineering Limited is a diversified engineering and manufacturing company with a long-standing presence in the rail and infrastructure space, engaged in the production of rolling stock such as wagons, coaches, EMUs, locomotive shells and parts, along with hydro-mechanical equipment, steel castings, rail EPC solutions, bridges, and other steel structures.
With over eight decades of experience, the company is recognised as one of India’s most reliable freight car manufacturers, serving core industries including cement, steel, defence, fertilisers, oil, aluminium, thermal power, and chemical plants, and offering custom-built special-purpose freight cars for oversized cargo.
Texmaco has expanded beyond India with a growing international presence and has executed several national and global projects funded by institutions such as the World Bank and ADB, supported by technical collaborations with leading companies from Japan, the USA, the UK, Germany, Australia, Austria, and Holland. Complementing its rail business, the company operates India’s largest steel foundry, with the capacity to produce up to 42,000 tonnes of quality castings annually, strengthening its integrated manufacturing capabilities.
Written by Leon Mendonca.
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