Titagarh Wagons – Is this train finally moving?

It’s very good company

2024-2025 (Order book)

1. Order book for 24000 Wagons and 1 wagon selling price is 35L – 40L
2. Metro cars order of 270 and 1 car selling price is 7.5cr – 8.5cr

2026-2027

1. Expected Global order worth 50000 Wagons (Results will come in next 4 months)
2. Wheels order worth 12000crs in which TWL will get 6000crs (partnership with RK forging) (Over 20 years)
3. 1280 cars order from vande bharat worth 11000crs but in this 3300 crs worth will be a partnership with BHEL

Also i expect some more good orders to flow to TWL in next 2years

Total Capex needed to be invested is 600crs – 700crs over next 2years (40% Equity and 60% Debt)

If there is strong order book is visible then I can consider 30 p/e for exit
And if no clear Order book I can take 15 p/e for exit

Good story but risk is also high because of lot of partnerships going on

Regards,
Koushik Mohan (If anyone interested we can talk and i would also get chance to learn a lot koushik.24m@gmail.com)