Texmaco shares in focus after securing Rs 535-crore wagon order from Cameroon's CAMALCO
Texmaco Rail and Engineering
are likely to be in focus on Thursday after the company announced a significant
international order
worth $62.24 million (approximately Rs 535 crore) from
CAMALCO SA
, a leading entity in Cameroon.
The order includes the manufacture and supply of 560
open-top wagons
valued at $32.76 million (Rs 282 crore), along with a 20-year long-term maintenance contract worth $29.48 million (Rs 253 crore). The wagon delivery will take place in two phases over 24 months from the purchase order date.
by Taboola
by Taboola
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Additionally, the deal includes a provision for supplying 1,040 more wagons over the next five years, along with long-term maintenance support. If exercised, this could significantly enhance the value and scope of the engagement.
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Texmaco Rail & Engineering Q4 earnings
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Texmaco Rail & Engineering reported a 17.5% year-on-year rise in revenue to Rs 1,346.4 crore for the March quarter, driven by strong execution across its railway and engineering segments.
EBITDA rose 14.7% to Rs 97.6 crore, with operating margins stable at 7.3%. However, net profit declined 12% to Rs 40 crore from Rs 45 crore a year ago.
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Texmaco Rail and Engineering shares price target
According to Trendlyne, the stock has an average target price of Rs 211, indicating a potential upside of about 22%. One analyst currently maintains a 'Strong Buy' rating on the stock.
From a technical standpoint,
Texmaco shares
are showing bullish momentum. The Relative Strength Index (RSI) stands at 60.2, indicating positive sentiment but still below the overbought zone. The MACD is above its center line at 3.9 but remains below the signal line.
The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages, reinforcing the ongoing uptrend, though it remains slightly below its 200-day SMA.
Texmaco shares have gained 23% over the past three months and are up 129% in the last two years. The company's current market capitalisation stands at Rs 6,928 crore.
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