Jupiter Wagons Ltd’s fundamental analysis highlights essential financial metrics, including a total market capitalization of ₹21,422 crore, a debt-to-equity ratio of 0.16, and a return on equity (ROE) of 27.4%. These numbers offer valuable insight into the company’s financial stability and overall market valuation.
Table of Contents
Overview of the Railway Sector
The railway sector plays a crucial role in transportation, providing cost-effective and eco-friendly solutions for both passenger and freight movement. Governments worldwide are investing in modernizing infrastructure, including high-speed trains, smart stations, and electrification projects to boost efficiency.
As the sector grows, technological advancements like automation, AI, and predictive maintenance are enhancing operational efficiency. The increasing focus on sustainability and reducing carbon footprints is driving the adoption of electric trains and green technologies, positioning railways as a key player in the future of transportation.
Financial Analysis of Jupiter Wagons in the Railway Industry
| FY 24 | FY 23 | FY 22 | FY 21 | |
| Sales | 3,644 | 2,068 | 1,178 | 995.75 |
| Expenses | 3,154 | 1,816 | 1,064 | 889.42 |
| Operating Profit | 489.25 | 252.06 | 114.11 | 106.33 |
| OPM % | 13.34 | 12.16 | 9.66 | 10.66 |
| Other Income | 24.55 | 5.09 | 3.39 | 1.83 |
| EBITDA | 513.79 | 257.15 | 117.5 | 108.16 |
| Interest | 41 | 28.89 | 18.17 | 21.12 |
| Depreciation | 28.16 | 24.98 | 23.38 | 21.18 |
| Profit Before Tax | 444.63 | 203.29 | 75.95 | 65.86 |
| Tax % | 24.94 | 39.26 | 34.22 | 18.82 |
| Net Profit | 331.02 | 120.68 | 49.65 | 53.4 |
| EPS | 8.04 | 3.12 | 1.28 | 1.38 |
| Dividend Payout % | 7.46 | 0 | 0 | 0 |
* Consolidated Figures in Rs. Crores
Jupiter Wagons Company Metrics
Jupiter Wagons demonstrated substantial growth in the railway industry, with sales reaching ₹3,644 crore in FY24, up from ₹2,068 crore in FY23 and ₹1,178 crore in FY22. Operating profit surged to ₹489.25 crore, reflecting robust operational and financial progress.
Sales Growth: Sales increased by 76.23% to ₹3,644 crore in FY24 compared to ₹2,068 crore in FY23. FY23 sales had grown by 75.54% from ₹1,178 crore in FY22, driven by increased demand for railway solutions and market expansion.
Expense Trends: Expenses rose to ₹3,154 crore in FY24, a 73.63% increase from ₹1,816 crore in FY23. FY23 expenses grew by 70.78% from ₹1,064 crore in FY22, indicating scalable cost structures alongside revenue growth.
Operating Profit & Margins: Operating profit climbed to ₹489.25 crore in FY24, a 94.17% increase from ₹252.06 crore in FY23. OPM improved to 13.34% in FY24, compared to 12.16% in FY23 and 9.66% in FY22, highlighting better cost efficiencies.
Profitability Indicators: Net profit surged to ₹331.02 crore in FY24, up by 174.32% from ₹120.68 crore in FY23. FY22 net profit stood at ₹49.65 crore. EPS increased significantly to ₹8.04 in FY24 from ₹3.12 in FY23, enhancing shareholder returns.
Taxation & Dividend: The tax rate declined to 24.94% in FY24 from 39.26% in FY23. Dividend payout rose to 7.46% in FY24, marking the first distribution since FY21, reflecting the company’s growing profitability and shareholder focus.
Key Financial Metrics: EBITDA increased to ₹513.79 crore in FY24 from ₹257.15 crore in FY23 and ₹117.5 crore in FY22. Interest expenses rose to ₹41 crore in FY24, while depreciation increased slightly to ₹28.16 crore, indicating asset investment.
Jupiter Wagons Stock Performance
Jupiter Wagons has demonstrated strong stock performance, with a 58.2% return in the past year, 125% over three years, and 103% over five years. This reflects the company’s robust growth trajectory, driven by its expanding market presence and operational efficiency.
| Duration | Return |
| 1 year | 58.2 % |
| 3 years | 125 % |
| 5 years | 103 % |
Jupiter Wagons Shareholding Pattern
The shareholding pattern of Jupiter Wagons reflects a significant change, with promoters holding 68.11% in Sep 2024, down from 74.62% in Mar 2023. FIIs and DIIs increased their stakes, while the public’s shareholding has steadily grown, indicating rising market interest.
| Metrics | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Promoters | 60.65% | 74.62% | 70.12% | 68.11% |
| FIIs | 0.07% | 0.01% | 2.28% | 3.45% |
| DIIs | 9.33% | 1.49% | 1.92% | 2.00% |
| Public | 29.95% | 23.88% | 25.68% | 26.43% |
| No. of Shareholders | 16,222 | 29,778 | 1,75,669 | 2,93,306 |
Jupiter Wagons Partnerships and Acquisitions
Jupiter Wagons Limited (JWL) made a significant acquisition in October 2024, acquiring Log9’s battery technology for electric trucks and railways. This acquisition is part of JWL’s broader strategy to enter India’s electric mobility market and expand its sustainable transport solutions.
In March 2024, JWL acquired Bonatrans India (BIPL) for Rs 271 crore, enabling the establishment of a domestic wheel manufacturing plant. This acquisition will reduce India’s dependence on imported railway wheels, positioning JWL as a key player in the local manufacturing of essential railway components.
Additionally, JWL acquired Commercial Engineers & Body Builders Company Ltd (CEBBCO) in 2019 and merged with it in 2022. The reverse merger allowed JWL to list on the stock exchanges. JWL also formed a strategic partnership with Schuler India to enhance its forging machinery capabilities, improving product offerings for the railway sector.
Jupiter Wagons Peer comparison
Jupiter Wagons’ peer comparison highlights a competitive market, with a market cap of ₹21,422.29 Cr and a P/E ratio of 58.62. Compared to peers, it shows strong returns, but lower 6-month performance (-26.02%) and modest dividend yield (0.2%).
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | ROCE % | 6mth return % | 1Yr return % | Div Yld % |
| Jyoti CNC Auto. | 1368.6 | 31125.12 | 113.4 | 20.83 | 21.22 | 3.38 | NA | 0 |
| Jupiter Wagons | 504.65 | 21422.29 | 58.62 | 27.36 | 31.67 | -26.02 | 58.22 | 0.2 |
| Action Const. Eq. | 1446.25 | 17222.41 | 47.1 | 30.58 | 42.3 | -2.74 | 74.43 | 0.14 |
| Titagarh Rail | 1148.35 | 15465.26 | 50.84 | 18.13 | 24.97 | -36.37 | 10.05 | 0.07 |
| Praj Industries | 813.6 | 14955.03 | 53.75 | 23.34 | 29.29 | 9.19 | 46.33 | 0.74 |
| Elecon Engg.Co | 642.35 | 14414.33 | 40.59 | 24.47 | 31.32 | -4.6 | 38.59 | 0.23 |
| Lloyds Engineering | 75.51 | 8776.04 | 90.12 | 26.23 | 28.33 | 6.85 | 82.39 | 0.26 |
Future of Jupiter Wagons
The future of Jupiter Wagons appears promising due to its strong foothold in the railway sector. With increasing demand for infrastructure projects and modernization of railways, the company is well-positioned to expand its market share, boosting sales and profitability.
Additionally, Jupiter Wagons’ focus on enhancing its product portfolio and exploring new markets will drive growth. Strategic investments in technology and infrastructure will improve operational efficiency, enabling the company to meet the evolving needs of the railway industry while maintaining cost-effective solutions.
The growing emphasis on sustainability and eco-friendly solutions in the railway sector presents new opportunities. Jupiter Wagons’ focus on innovation and adapting to these trends will likely lead to increased demand for its products, ensuring long-term growth and success.
How to Invest in Jupiter Wagons Share?
To invest in Jupiter Wagons shares, begin by opening a Demat and trading account with a trusted stockbroker such as Alice Blue. This account allows you to securely buy and hold shares electronically.
- Research the Stock: Analyze Jupiter Wagons’s financials, market trends, and growth prospects to understand its potential risks and rewards before investing.
- Choose a Reliable Stockbroker: Select a trusted broker like Alice Blue for its user-friendly platform and competitive fees, then register to access the stock market.
- Fund Your Trading Account: Deposit funds into your trading account, ensuring enough balance to cover share purchases and additional fees.
- Place a Buy Order: Search for Jupiter Wagons on your broker’s platform and place a buy order with a specified quantity and price (market or limit order).
- Monitor Your Investment: Track your investment’s performance regularly and stay updated on news or developments that could impact your decision to hold or sell.
- Brokerage Tariffs: Please note that Alice Blue’s updated brokerage tariff is now Rs. 20 per order, which will apply to all trades.
Jupiter Wagons – FAQs
Jupiter Wagons has a market capitalization of ₹21,422 crore. This market value highlights the company’s strong position in the railway manWhat is the Market Cap of Jupiter Wagons?ufacturing industry and investor confidence in its growth potential and technological advancements in the sector.
Jupiter Wagons is an important player in the railway industry, offering innovative solutions and high-quality products. While it may not be the industry leader, it holds a solid position in the market with a strong growth trajectory and expanding operations.
Jupiter Wagons has made significant acquisitions, including Log9 for electric vehicle battery technology, Bonatrans India for a wheel plant, CEBBCO for specialized vehicles, and Stone India for electrical engineering products. These acquisitions enhance its capabilities in rolling stock manufacturing and electric mobility solutions.
Jupiter Wagons is primarily involved in manufacturing railway wagons and other related equipment. The company designs and produces a wide range of wagons, including freight and passenger vehicles, playing a critical role in India’s railway infrastructure development.
Jupiter Wagons is primarily owned by its promoters, who hold most of the shares. The promoters drive the company’s strategic direction and long-term vision, contributing to its growth and success in the competitive railway manufacturing industry. Vivek Lohia is the managing director of Jupiter Wagons Ltd.
The main shareholders of Jupiter Wagons include the promoters at 68.11%, FIIs holding 3.45%, DIIs at 2.00%, and the public holding at 26.43%. These shareholders contribute to the company’s strategic decisions and overall market performance.
Jupiter Wagons operates in the railway manufacturing industry. It specializes in producing high-quality railway wagons, freight cars, and related infrastructure, which is crucial in supporting the growth and modernization of India’s railway transportation system.
Jupiter Wagons has shown significant growth in its order book, driven by increased demand for railway infrastructure. The company’s expanding market presence and focus on product innovation have contributed to a healthy increase in its orders over the year.
To invest in Jupiter Wagons shares, open a Demat and trading account with a reliable broker like Alice Blue. Fund your account, research the stock, and place a buy order through the broker’s platform. Regularly monitor your investment to track performance and make informed decisions based on market trends.
Jupiter Wagons’ current P/E ratio of 58.6 suggests that it may be slightly overvalued compared to the industry average. However, considering its growth prospects and strong position in the railway manufacturing sector, this valuation might be justified.
Jupiter Wagons has a promising future, with significant growth potential driven by increasing railway infrastructure development and modernization. The company’s expansion plans, focus on product innovation, and strong market presence position it for continued growth in the railway sector.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
