---
title: "E to E Transportation Infrastructure Ltd (E2ERAIL) — Share Price, Financials & Analysis"
symbol: "E2ERAIL"
company: "E to E Transportation Infrastructure Ltd"
canonical: "https://tapetide.com/stocks/E2ERAIL"
isin: "INE1CEJ01017"
nse_symbol: "E2ERAIL"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 633.35
generated_at: "2026-09-13T19:39:34.140Z"
---

# E to E Transportation Infrastructure Ltd (E2ERAIL)

Canonical page: https://tapetide.com/stocks/E2ERAIL

## Company

- **NSE Symbol:** E2ERAIL
- **ISIN:** INE1CEJ01017
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** etoerail.com

## About

Incorporated in 2010, E To E Transportation Infrastructure Limited is engaged in providing system integration and engineering solutions for the railway sector.[1]

## Latest Price

- **Price:** ₹351.85
- **Change:** -11.75 (-3.23%)
- **Open:** ₹356
- **Day High:** ₹372
- **Day Low:** ₹343
- **Previous Close:** ₹363.6
- **Volume:** 176800
- **As Of:** 2026-09-11T09:59:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:08.553515Z.

- **Market Cap:** ₹633.35 Cr
- **Classification:** SME
- **P/E (reported):** 37.3
- **Book Value:** ₹119.02
- **Price to Book:** 3.05
- **Dividend Yield:** 0%
- **ROE:** 12.06%
- **ROCE:** 25.37%
- **Debt to Equity:** 0.8
- **Revenue (yearly):** ₹379.99 Cr
- **Net Income:** ₹16.76 Cr
- **EBITDA:** ₹37.99 Cr
- **52-Week High:** ₹386
- **52-Week Low:** ₹171
- **RSI (14):** 70.43

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.5%
- Company has a low return on equity of 13.0% over last 3 years.
- Company has high debtors of 220 days.
- Working capital days have increased from 56.7 days to 80.5 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -227.06% | -858.95% | -628.8% |
| ebitda margin growth | -21.26% | -21.45% | -1.1% |
| net income growth | 19.71% | 29% | 9% |
| revenue growth | 49.72% | 41% | 30% |
| roce | -8.31% | 9.26% | 24.72% |
| roe | -21.38% | 13.89% | -49.9% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 159 | 269 |
| Expenses | 122 | 230 |
| Operating Profit | 37 | 39 |
| OPM % | 23 | 15 |
| Other Income | 2 | 2 |
| Interest | 7 | 8 |
| Depreciation | 0 | 1 |
| Profit before tax | 32 | 33 |
| Tax % | 25 | 26 |
| Net Profit | 24 | 24 |
| EPS in Rs | 630.35 | 13.97 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 101 | 78 | 135 | 170 | 251 | 380 |
| Expenses | 87 | 71 | 120 | 151 | 222 | 342 |
| Operating Profit | 14 | 7 | 15 | 19 | 29 | 38 |
| OPM % | 14 | 9 | 11 | 11 | 12 | 10 |
| Other Income | 1 | 1 | 1 | 2 | 3 | 4 |
| Interest | 3 | 2 | 5 | 7 | 12 | 18 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 13 | 6 | 11 | 14 | 18 | 23 |
| Tax % | 13 | 28 | 23 | 27 | 24 | 26 |
| Net Profit | 11 | 4 | 8 | 10 | 14 | 17 |
| EPS in Rs | 447.87 | 213.35 | 405.32 | 506.52 | 381.88 | 9.73 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.19 | 0.19 | 0.19 | 0.19 | 0.38 | 17 |
| Reserves | 45 | 49 | 57 | 67 | 116 | 188 |
| Borrowings | 21 | 30 | 43 | 61 | 66 | 164 |
| Other Liabilities | 16 | 25 | 45 | 73 | 113 | 187 |
| Total Liabilities | 83 | 105 | 145 | 201 | 295 | 556 |
| Fixed Assets | 0 | 0 | 1 | 3 | 6 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 3 |
| Investments | 0 | 0 | 0 | 1 | 1 | 0 |
| Other Assets | 82 | 104 | 144 | 197 | 288 | 539 |
| Total Assets | 83 | 105 | 145 | 201 | 295 | 556 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | -11 | -1 | 7 | -9 | -102 |
| Cash from Investing Activity | 0 | 1 | -4 | -17 | -10 | -48 |
| Cash from Financing Activity | 9 | 10 | 8 | 11 | 27 | 152 |
| Net Cash Flow | 8 | 0 | 3 | 1 | 9 | 2 |
| Free Cash Flow | -1 | -11 | -2 | 5 | -14 | -112 |
| CFO/OP | 1 | -141 | 7 | 52 | -15 | -256 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 86 | 152 | 92 | 136 | 136 | 220 |
| Inventory Days | 11 | 7 | 3 | 2 | 4 | 7 |
| Days Payable | 59 | 190 | 142 | 204 | 226 | 248 |
| Cash Conversion Cycle | 37 | -31 | -47 | -66 | -86 | -21 |
| Working Capital Days | 15 | 36 | 55 | 32 | 58 | 80 |
| ROCE % | — | 11 | 17 | 18 | 20 | 15 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 44.77% | 45.18% | 32.54% |
| FIIs | 0% | 0% | 1.61% |
| DIIs | 0% | 0% | 7.89% |
| Government | 0% | 0% | 0% |
| Public | 0% | 0% | 47.93% |
| Others | 55.23% | 54.82% | 10.03% |
| No. of Shareholders | 39 | 38 | 919 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 8 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 342.91 | Buy |
| EMA (10) | 342.73 | Buy |
| SMA (20) | 314.06 | Buy |
| EMA (20) | 322.4 | Buy |
| SMA (50) | 285.84 | Buy |
| EMA (50) | 296.54 | Buy |
| SMA (100) | 279.09 | Buy |
| EMA (100) | 276.86 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 64.6 | Neutral |
| MACD (12,26,9) | 23.36 | Buy |
| Stochastic (14,3,3) | 76.45 | Neutral |
| ADX (14) | 35.38 | Buy |
| Williams %R (14) | -29.44 | Neutral |
| ATR (14) | 23.23 | High Volatility |
| ROC (12) | 23.46 | Buy |
| Stoch RSI (14) | 53.97 | Neutral |
| UO (7,14,28) | 42.24 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Published amendment to shareholder notice for 17th AGM on September 17, 2026. | [Copy of Newspaper Publication 9 Sep - Published amendment to shareholder notice for 17th AGM on September 17, 2026.](https://nsearchives.nseindia.com/corporate/ETOETRANS_09092026193608_NSE_intimation_-revised_newspaper_notice.pdf) |
| 9 June 2026 - Received LOA from SECR Raipur for ₹35.24 crore signaling and telecommunication work, executable in 18 months. | [Bagging/Receiving of orders/contracts 9 June 2026 - Received LOA from SECR Raipur for ₹35.24 crore signaling and telecommunication work, executable in 18 months.](https://nsearchives.nseindia.com/corporate/ETOETRANS_09062026220828_Reg_30-_Bagging_of_order_SECR_order_35_Cr.pdf) |
| 9 June 2026 - Promoters disclosed no encumbrance on company shares during FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 9 June 2026 - Promoters disclosed no encumbrance on company shares during FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_27052026164316_E2ERAIL.pdf) |
| 9 Jul - Company clarified financial-results deficiencies and filed revised XBRL on 29 June 2026. | [Reply to Clarification- Financial results 9 Jul - Company clarified financial-results deficiencies and filed revised XBRL on 29 June 2026.](https://nsearchives.nseindia.com/corporate/ETOETRANS_29062026193003_NSE_response.pdf) |
| 8 Sep - Company says recent share price movement is market-driven; no undisclosed material information exists. | [Price movement 8 Sep - Company says recent share price movement is market-driven; no undisclosed material information exists.](https://nsearchives.nseindia.com/corporate/swarnikas_08092026143710_Response_letter.pdf) |
| 8 Sep - AGM rescheduled to September 17, 2026, 4:00 P.M.; webcast and VC/OAVM participation added. | [Corrigendum 8 Sep - AGM rescheduled to September 17, 2026, 4:00 P.M.; webcast and VC/OAVM participation added.](https://nsearchives.nseindia.com/corporate/ETOETRANS_08092026203329_Intimation-Amendment_in_Notice.pdf) |
| 8 May 2026 - Received ₹43.55 crore Eastern Railway LOA for signalling works, to execute within 15 months. | [Bagging/Receiving of orders/contracts 8 May 2026 - Received ₹43.55 crore Eastern Railway LOA for signalling works, to execute within 15 months.](https://nsearchives.nseindia.com/corporate/ETOETRANS_08052026222647_Reg_30-_Bagging_of_order_ER_order_43_cr.pdf) |
| 8 July 2026 - Won ₹22.88 crore Southern Railway signalling contract; execution in 8 months. | [Bagging/Receiving of orders/contracts 8 July 2026 - Won ₹22.88 crore Southern Railway signalling contract; execution in 8 months.](https://nsearchives.nseindia.com/corporate/ETOETRANS_08072026165858_Reg_30-_Bagging_of_order_SR_22_Cr.pdf) |
| 8 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/ETOETRANS_08072026184504_Certificate.pdf) |
| 8 July 2026 - E to E Transportation will hold a virtual investor meeting on July 13, 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 July 2026 - E to E Transportation will hold a virtual investor meeting on July 13, 2026.](https://nsearchives.nseindia.com/corporate/ETOETRANS_08072026135653_Meeting-Intimation-130726.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://nsearchives.nseindia.com/corporate/ETOETRANS_31012026122401_Investor_Presentation_e2E_Rail_31st_Jan_2026.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:34.140Z.