NSE: JWL · BSE: 533272 · ISIN INE209L01016
Jupiter Wagons Limited stock analysis
Jupiter Wagons Limited ranks #4017 in the TickerSutra evidence-ranked universe with a score of 36/100 and 87% data confidence. The latest captured fundamentals show ROCE of 9.2%, quarterly sales growth of 46.0% and quarterly profit growth of -13.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,178cr | ₹114cr | ₹50cr | 10.0% |
| 2023 | ₹2,068cr | ₹249cr | ₹121cr | 12.0% |
| 2024 | ₹3,644cr | ₹487cr | ₹331cr | 13.0% |
| 2025 | ₹3,963cr | ₹566cr | ₹380cr | 14.0% |
| 2026 | ₹2,916cr | ₹354cr | ₹166cr | 12.0% |
| TTM | ₹3,127cr | ₹359cr | ₹161cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Jupiter Wagons Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026
RoutineJupiter Wagons Ltd - 533272 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 29 Sept 2026Please find the enclosed outcome of 46th Annual General Meeting of the Company
RoutineJupiter Wagons Ltd - 533272 - Closure of Trading WindowNSE · 25 Sept 2026Please find the enclosed intimation for closure of Trading Window for the quarter and half year ended 30.09.2026.
RoutineJupiter Wagons Ltd - 533272 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 23 Sept 2026Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI Listing Regulations')
MANAGEMENT COMMENTARY
Signals from filed documents
Together, our wheelset, container and clean energy businesses contributed meaningfully to the overall portfolio, validating our long-term diversification strategy. Equally important, we continued strengthening our manufacturing ecosystem through backward integration. Greater control over critical components enhances product quality, improves delivery reliability, optimises costs and reduces dependence on external sup
We have entered into a long-term supply arrangement with Tatravagonka, one of Europe’s leading wagon manufacturers, to supply wheelsets from our upcoming Odisha facility. The partnership validates our manufacturing capabilities and provides a strong foundation for expanding our presence in international markets. To support these domestic and international opportunities, the Odisha Greenfield wheelset project progress
Key Financial Ratios Particulars FY 2025-26 (as of 31st March 2026) FY 2024-25 (as of 31st March 2025) PBDIT as % of Revenue from Operations 11.80% 14.16% Profit Before Tax and Exceptional Items (% of Revenue) 9.69% 12.87% Profit Before Tax (% of Revenue) 9.69% 12.87% Return on Net Worth 6.39% 17.20% Debt-equity Ratio 0.16 0.11 Current Ratio 2.03 2.09 Interest Coverage Ratio 4.99 8.64 Debtor Turnover Ratio 3.43 6.06
Strategically aligned with this infrastructure push, our upcoming Wheelset Manufacturing Plant in Odisha, will benefit from stronger connectivity, integrated supply chains and proximity to emerging industrial corridors. 37 Corporate Overview Statutory Reports Financial Statements Product innovation EXPAND MARKET PRESENCE THROUGH PORTFOLIO EXPANSION AND DEEPER CUSTOMER REACH Our evolving innovation pipeline translates
EBITDA was `363 crores against `578 crores in the previous year, with the EBITDA margin at 12.4%, compared to 14.6% in FY25. VIKASH LOHIA Deputy Managing Director 26 | Annual Report 2025-26 Jupiter Wagons Limited Performance amidst Challenges FY26 was characterised by a confluence of industry headwinds, including supply-side constraints, demand softness, pricing pressures and persistent market volatility. Reflecting
EBITDA was `363 crores against `578 crores in the previous year, with the EBITDA margin at 12.4%, compared to 14.6% in FY25. VIKASH LOHIA Deputy Managing Director 26 | Annual Report 2025-26 Jupiter Wagons Limited Performance amidst Challenges FY26 was characterised by a confluence of industry headwinds, including supply-side constraints, demand softness, pricing pressures and persistent market volatility. Reflecting
This collaborative approach enables us to create shared value while strengthening trust and transparency. As we look ahead, we remain confident in our ability to navigate uncertainties while capitalizing on emerging opportunities. Our commitment to operational excellence, strategic diversification and sustainability will continue to guide us as we build a future-ready organization.
Our Industry Edge Through Jupiter Electric Mobility (JEM), we bring integrated containerised BESS solutions designed for reliability, safety and operational flexibility. Our capabilities span in-house container fabrication, cell-to-system integration, Energy Storage 11 Corporate Overview Statutory Reports Financial Statements Scorecard of FY26 STRENGTHENING THE ENGINES OF RESILIENT PROGRESS We strengthened our market
Land development has been completed, construction power commissioned and engineering work for the wheel and axle lines is progressing as scheduled. Workshop structures are now taking shape, reflecting the scale of the facility as it moves towards commercial production, which remains on track for the end of 2027. Key milestones continue to be celebrated through traditional ceremonies such as the Machine Shop Puja, ble
The Company continues to strengthen project management capabilities and execution monitoring mechanisms. d) Raw Material Costs: The Company remains exposed to volatility in steel and other input prices. Strategic sourcing initiatives, vendor partnerships and inventory planning measures are being undertaken to mitigate such risks.
This assessment has enabled the Company to better identify, evaluate and integrate climate-related considerations into its overall risk management framework, further strengthening its approach to energy and emissions management. Negative: This risk may lead to increased operating and compliance costs due to energy intensity and evolving regulatory requirements. It may also result in operation disruptions and efficien
Continuous monitoring of economic indicators and a flexible operating structure drive timely strategic adjustments. Customer Concentration Risk Dependence on the Ministry of Railways and other large institutional customers may expose the business to procurement cycles, policy changes, tender deferrals and order concentration, affecting revenue visibility, capacity utilisation and cash flows. Diversification acros
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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