This railway stock is engaged in manufacturing railway wagons, brake systems, and electric mobility solutions while expanding into defense, rail components, and advanced transportation technologies, in focus after the company expects a strong revenue guidance of Rs. 10,000 crore by FY28.
Stock Price Movement
With a market capitalization of Rs. 13,507.53 crore, the shares of Jupiter Wagons Limited were closed at Rs. 318.20 per equity share, down nearly around 1.09 percent from its previous day’s close price of Rs. 321.70.
Over the last six months, the company has given a negative return of 41.33 percent. The stock is currently trading at a 57.46 percent discount from its 52-week high of Rs. 748.05
Management Guidance
Jupiter Wagons reported revenue of Rs. 3,641 crore in FY24 and aims to reach Rs. 5,000 crore by FY26, reflecting growth of around 37.32 percent. The company expects its wagon business to grow by 10–15 percent annually. Its subsidiary, Jupiter Tatravagonka, generated Rs.225 crore in revenue in the first nine months and targets Rs.300 crore by year-end.
By FY28, Jupiter Wagons plans to achieve Rs. 8,000-10,000 crore in revenue, representing a 120-175 percent increase from FY24. This growth will be driven by expansion in non-wagon segments, strengthening its market position and diversifying its business for long-term success.
Company Overview
Jupiter Wagons Limited manufactures and sells railway wagons, components, and transportation equipment in India and internationally. They provide a variety of wagons, passenger coaches, and related accessories, as well as solutions for commercial and electric vehicles. The company is engaged in railway engineering.
Business Highlights
Jupiter Wagons successfully commercialized its Tatravagonka Railwheel Factory and expects to double its revenue from last year. The company delivered 13,000 brake discs and exported 10,000 axle boxes to Indian Railways, along with supplying 230 brake systems for passenger coaches, highlighting its expertise in precision engineering. As of December 31, 2024, its order book stood at Rs. 6,320 crore, ensuring strong future revenue visibility.
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Funding Raising and Utilization
The company has approved a Rs. 3,000 crore QIP as an enabling resolution, ensuring preparedness for future growth rather than immediate fundraising. Earlier, it raised Rs. 800 crore, which was used for wheel project advancements, with ongoing evaluations for additional funding requirements.
Growth in Electric Mobility
Jupiter Wagons has raised its stake in Jupiter Electric Mobility from 60 percent to 75 percent and acquired Log9 Technology to enhance its battery technology for electric trucks and railways.
The company launched a battery-as-a-service (BaaS) model for TEZ vehicles, providing a cost-effective per-kilometer leasing option. Through the JEM Udaan program with Porter, it has secured over 500 TEZ vehicle orders to drive adoption.
Recent quarter results
Jupiter Wagons Limited’s revenue has increased from Rs. 896 crore in Q3 FY24 to Rs. 1,030 crore in Q3 FY25, which has grown by 14.96 percent. The net profit has also grown by 18.52 percent from Rs. 81 crore in Q3 FY24 to Rs. 98 crore in Q3 FY25.
Written By – Nikhil Naik
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