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TEXRAIL: Recent Major Rail Contracts Will Drive Next Phase of Expansion

Update shared on 28 Nov 2025

Fair value Decreased 3.13%
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AnalystConsensusTarget's Fair Value
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1Y
-39.5%
7D
2.6%

Analysts have revised their fair value estimate for Texmaco Rail & Engineering down from ₹191.5 to ₹185.5. This change reflects slightly lower projections for revenue growth and profit margins.

What's in the News

  • Secured INR 1,290.9 million contract from Rail Vikas Nigam Limited for design, supply, testing, and commissioning of 2*25 KV traction over-head equipment and associated activities at Yavatmal-Digras section. The project is to be completed in 18 months (Client Announcements).
  • Received order worth INR 868.5 million from Ultratech Cement Limited for BCFC Wagons and Brake Van, to be delivered by March 2026 (Client Announcements).
  • Awarded INR 446.1 million contract by Maha-Metro Rail Corporation for design and installation works on Pune Metro Rail Project, to be executed within 110 weeks (Client Announcements).
  • Won INR 338.9 million contract from Central Railway for design, manufacture, supply, erection, testing, and commissioning of transformers and equipment in Ahmadnagar-Beed-Parli section. The project is to be completed in 12 months (Client Announcements).
  • Scheduled Board Meeting on November 11, 2025, to review unaudited financial results and Monitoring Agency reports for the September quarter (Board Meeting).

Valuation Changes

  • The Fair Value Estimate has decreased from ₹191.5 to ₹185.5, reflecting a modest reduction in the target valuation.
  • The Discount Rate has risen slightly from 15.55% to 15.60%, indicating a minor increase in perceived investment risk.
  • The Revenue Growth projection has fallen from 6.65% to 5.89%, suggesting expectations of slower expansion.
  • The Net Profit Margin has decreased marginally from 5.45% to 5.40%.
  • The Future P/E has increased from 36.08x to 36.68x, implying a slightly higher valuation relative to forecast earnings.

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