Latest news with #TexmacoRail
Economic Times
a day ago
- Business
- Economic Times
Texmaco Rail could be railway sector's dark horse: Mayuresh Joshi
"The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark," says Mayuresh Joshi, Head Equity, Marketsmith India. ADVERTISEMENT What is it that you are making, still early details yet and we are getting takeaways from the cabinet meet which is currently underway on an approval of overs Rs 3,000 crore for railway projects. Mayuresh Joshi: Two things -- one, in terms of the approval ticker that you are just seeing on your screen that is something which is incrementally positive for these rail stocks and again the allocation that has been made in budgetary terms has been a decent one. So, whether you are talking about commissioning of new lines, changing from the gate system that you probably got, and expectations in terms of more coach is expected whether it is Vande Bharat or the metro coaches as well, so there is sufficient work at play. The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark. So, margin expansion beyond that seems improbable and therefore it is how much you execute which also is probably time bound to a certain extent, which means that there is a definite sense of earnings coming through with definite margins expected to come through. On the other hand, the other infrastructure or the support related stocks that you are speaking about, the likes of an IRCTC as an example, even the financing stocks as far as railways are concerned the whole expectations in the ecosystem in terms of the working capital cycle is something to be seen out for as well. So, again, they do give these selective sporadic moves. But are they structural in nature? My own sense is that because of the lumpiness in earnings, the earnings are always not reflected in a compounded demand on an annualised basis and therefore, they become very-very stock specific. From a momentum perspective, stocks can continue showing momentum in my opinion. And also, Tex Rail is one stock if they continue doing well in terms of execution, the kind of ecosystem that they have probably created and the expectations in terms of the balance sheet growth, specifically the recovery we have seen after covid and the sluggishness in the past two years, if they are able to overcome that, I think that probably can be a dark horse from the railway theme. ADVERTISEMENT What is your own sense because at a time when we are still awaiting some details coming in from US and China's talks in London and it seems like there is some headway definitely on the talks, but on the other hand you have companies like Maruti already slashing their production targets for their newest entrant in the e-club that is e-Vitara and they are talking about…, while they are going to be making up the targets eventually in the year for the next two to three months, they are actually scaling back. Mayuresh Joshi: No, so if you probably look at the proportion in terms of the EV cars or the EV platforms or the EV models as a percentage of the overall top line, it is still not a major component and therefore with this whole rare earth magnet issue that is expected to continue, if the resolution comes in as you are putting out, I think that is great news for global auto stocks, that is great news for the auto industry in general. But if this lingers on a tad a bit more, like Maruti has likewise put in his statement, maybe the short-term pain might be there. But as supply chains probably get worked out again, the second half there will be some element of recovery that one really expects. But if there is a resolution that comes through quicker than one really expects, the expectations in terms of normalisation of volumes specifically on new launches as far as EV cars are concerned, might actually continue doing well. ADVERTISEMENT Now in the Indian context, the expectation in terms of competition intensity, pricing, all that is going to play a big part in terms of how volume growth probably takes place and take shape as well and there is a huge ecosystem in terms of the appetite for EV cars and the adoption of EV infrastructure as well whether you are calling for fast chargers or fast charging stations as well. So, to that extent it is an evolvement as we speak and therefore within the space itself what we really continue to hold in our global portfolios within the PV space, M&M is something that we still continue liking and holding and within two wheelers TVS Motors. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Texmaco Rail could be railway sector's dark horse: Mayuresh Joshi
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark," says Mayuresh Joshi , Head Equity, Marketsmith things -- one, in terms of the approval ticker that you are just seeing on your screen that is something which is incrementally positive for these rail stocks and again the allocation that has been made in budgetary terms has been a decent whether you are talking about commissioning of new lines, changing from the gate system that you probably got, and expectations in terms of more coach is expected whether it is Vande Bharat or the metro coaches as well, so there is sufficient work at play. The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% margin expansion beyond that seems improbable and therefore it is how much you execute which also is probably time bound to a certain extent, which means that there is a definite sense of earnings coming through with definite margins expected to come through. On the other hand, the other infrastructure or the support related stocks that you are speaking about, the likes of an IRCTC as an example, even the financing stocks as far as railways are concerned the whole expectations in the ecosystem in terms of the working capital cycle is something to be seen out for as again, they do give these selective sporadic moves. But are they structural in nature? My own sense is that because of the lumpiness in earnings, the earnings are always not reflected in a compounded demand on an annualised basis and therefore, they become very-very stock a momentum perspective, stocks can continue showing momentum in my opinion. And also, Tex Rail is one stock if they continue doing well in terms of execution, the kind of ecosystem that they have probably created and the expectations in terms of the balance sheet growth, specifically the recovery we have seen after covid and the sluggishness in the past two years, if they are able to overcome that, I think that probably can be a dark horse from the railway so if you probably look at the proportion in terms of the EV cars or the EV platforms or the EV models as a percentage of the overall top line, it is still not a major component and therefore with this whole rare earth magnet issue that is expected to continue, if the resolution comes in as you are putting out, I think that is great news for global auto stocks, that is great news for the auto industry in if this lingers on a tad a bit more, like Maruti has likewise put in his statement, maybe the short-term pain might be there. But as supply chains probably get worked out again, the second half there will be some element of recovery that one really expects. But if there is a resolution that comes through quicker than one really expects, the expectations in terms of normalisation of volumes specifically on new launches as far as EV cars are concerned, might actually continue doing in the Indian context, the expectation in terms of competition intensity, pricing, all that is going to play a big part in terms of how volume growth probably takes place and take shape as well and there is a huge ecosystem in terms of the appetite for EV cars and the adoption of EV infrastructure as well whether you are calling for fast chargers or fast charging stations as to that extent it is an evolvement as we speak and therefore within the space itself what we really continue to hold in our global portfolios within the PV space, M&M is something that we still continue liking and holding and within two wheelers TVS Motors
Mint
2 days ago
- Business
- Mint
Small-cap railway stock below ₹200 rises on This order book update. Check details
Stock Market Today; The Small-cap Railways stock below ₹ 200 gained more than 5% during the intraday trades on Wednesday on 'This' order book update. Check details about Texmaco Rail order Texmaco Rail & Engineering Ltd on Tuesday post market hours had announced receiving an work order . The order for Texmaco Rail has been received from the Mumbai Railway Vikas Corporation Limited. The Texmaco Rail in its release on the exchanges said that Mumbai Railway Vikas Corporation Limited vide its letter dated 9th June, 2025 has awarded an order. The order received by Texmaco rail from Mumbai Railway Vikas Corporation Limited is worth Rs. 44.04 Crore. The scope of work of the order received by Texmaco Rail from Mumbai Railway Vikas Corporation Limited is for Supply, Construction, Installation, Testing and Commissioning of traction transformers, SPs & associated works. The Texmaco Rail will have to undertake works pertaining to Supply, Construction, Installation, Testing and Commissioning of 1X25 kV 110/25 kV TSS with 40/56 MVA AC traction transformers, 2 nos. SPs & associated works for 3rd & 4th lines of Central Railway. The time period by which the order or contract is to be executed stands at 18 months Texmaco Rail had earlier also announced receiving another order from Mumbai Railway Vikas Corporation Limited. This announcement came on 3rd June, 2025 when Texmaco Rail was as awarded an order of Rs. 122.31 Crore for Design, Supply, Construction, Installation, Testing and Commissioning of traction transformers & associated work for Western Railway to be executed within 30 months. Texmaco Rail share price opened at ₹ 180.05 on the BSE Wednesday. At the time of opening, the Small-cap Railways stock below ₹ 200- Texmaco Rail share price was close to 2% higher than the previous day's closing price of ₹ 176.70 . The Texmaco Rail share price thereafter gained to the intraday highs of ₹ 185, which meant gains of close to 5% for the small-cap stock below ₹ 200 during the intraday trade. Small-cap Railways stock below ₹ 200- Texmaco Rail having risen more than 630% in a year has given Multibagger returns to the investors
Mint
2 days ago
- Business
- Mint
Small-cap railway stock below ₹200 rises on This order book update. Check details
Stock Market Today; The Small-cap Railways stock below ₹ 200 gained more than 5% during the intraday trades on Wednesday on 'This' order book update. Check details about Texmaco Rail order Texmaco Rail & Engineering Ltd on Tuesday post market hours had announced receiving an work order . The order for Texmaco Rail has been received from the Mumbai Railway Vikas Corporation Limited. The Texmaco Rail in its release on the exchanges said that Mumbai Railway Vikas Corporation Limited vide its letter dated 9th June, 2025 has awarded an order. The order received by Texmaco rail from Mumbai Railway Vikas Corporation Limited is worth Rs. 44.04 Crore. The scope of work of the order received by Texmaco Rail from Mumbai Railway Vikas Corporation Limited is for Supply, Construction, Installation, Testing and Commissioning of traction transformers, SPs & associated works. The Texmaco Rail will have to undertake works pertaining to Supply, Construction, Installation, Testing and Commissioning of 1X25 kV 110/25 kV TSS with 40/56 MVA AC traction transformers, 2 nos. SPs & associated works for 3rd & 4th lines of Central Railway. The time period by which the order or contract is to be executed stands at 18 months Texmaco Rail had earlier also announced receiving another order from Mumbai Railway Vikas Corporation Limited. This announcement came on 3rd June, 2025 when Texmaco Rail was as awarded an order of Rs. 122.31 Crore for Design, Supply, Construction, Installation, Testing and Commissioning of traction transformers & associated work for Western Railway to be executed within 30 months. Texmaco Rail share price opened at ₹ 180.05 on the BSE Wednesday. At the time of opening, the Small-cap Railways stock below ₹ 200- Texmaco Rail share price was close to 2% higher than the previous day's closing price of ₹ 176.70 . The Texmaco Rail share price thereafter gained to the intraday highs of ₹ 185, which meant gains of close to 5% for the small-cap stock below ₹ 200 during the intraday trade. Small-cap Railways stock below ₹ 200- Texmaco Rail having risen more than 630% in a year has given Multibagger returns to the investors Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
2 days ago
- Business
- Business Standard
Texmaco Rail shares rally 5% on bagging ₹44.04-crore order; Check details
Texmaco Rail & Engineering share price jumped 4.6 per cent in trade on Wednesday, June 11, 2025, logging an intraday high at ₹185 per share on BSE. At 11:45 AM, Texmaco shares were trading 3.31 per cent higher at ₹182.55 per share on the BSE. In comparison, the BSE Sensex was up 0.32 per cent at 82,654.24. The company's market capitalisation stood at ₹7,292.28 crore. Its 52-week high was at ₹296.6 per share and 52-week low was at ₹115.1 per share. In the past one year, Texmaco shares have lost 16 per cent as compared to Sensex's rise of around 8 per cent. Texmaco Rail order details On Tuesday, after market hours, the company announced that it had secured an order from Mumbai Railway Vikas Corporation Ltd. The order value is estimated at ₹44.04 crore and has to be completed within 18 months. Under the contract, Texmaco is expected to supply, construct, install, test and commission a 1x25 kV, 110/25 kV traction substation (TSS) with 40/56 MVA AC traction transformers, along with 2 sectioning posts (SPs) and related works for the 3rd and 4th railway lines under Central Railway. "We wish to inform you that Mumbai Railway Vikas Corporation Limited vide its letter dated June 9, 2025, has awarded an order of Rs. 44.04 Crore to the Company for supply, construction, installation, testing and commissioning of traction transformers, SPs & associated works," the filing read. About Texmaco Rail The company is involved in the business of manufacturing Rolling Stock, such as wagons, coaches, EMUs, loco shells and parts, etc., Hydro Mechanical Equipments, Steel Castings, Rail EPC, Bridges and other steel structures. The company has been the leading and most reliable freight car manufacturer over the past 8 (eight) decades. Its freight cars serve a host of core industries like cement, steel, defence, fertiliser, oil, alumina, thermal power projects, chemical plants, etc. These include custom-built special purpose freight cars for movement of large oversize consignments. Besides the domestic market, the company has made a significant thrust in overseas markets.
