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Jupiter Wagons Ltd

JWL NSE

Key Fundamentals

MicrocapRailway WagonsCapital Goods
Market Cap
₹10,736 Cr
Volatility
Moderate
P/E Ratio
64.28
EBITDA
₹336 Cr
Return on Equity
13.74%
Debt to Equity
0.33
Book Value
₹69.69
EPS
₹8.5
52W High
₹372.85
52W Low
₹235.65

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY21–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

3
  • Debtor days have increased from 73.0 to 94.7 days.
  • Promoter holding has decreased over last 3 years: -4.06%
  • Working capital days have increased from 73.5 days to 114 days

Growth Rate

Revenue Growth
-27.25% ↘
Net Income Growth
-51.59% ↘
Cash Flow Change
645.50% ↗
ROE
-32.28% ↘
ROCE
-31.59% ↘
EBITDA Margin (Avg.)
-26.93% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Jupiter Wagons Ltd is a mid-cap capital goods company with a market cap of ₹11,159 crore trading at a PE of 66.8x. After delivering strong FY25 results (revenue ₹4,008 crore, PAT ₹380 crore), FY26 saw a sharp reversal with revenue declining to ₹2,961 crore and PAT falling to ₹166 crore. The company is diversifying into wheels, BESS, and electric mobility but faces near-term execution headwinds and working capital deterioration.

Bull Case 8
  • FY25 EBITDA margin expanded to 14.6% from 10.7% in FY21, demonstrating a multi-year structural improvement in operating efficiency
  • 5-year compounded sales CAGR of 24% and profit CAGR of 28% reflect a strong medium-term growth track record
  • Order book of ₹4,675 crore as of FY27 entry provides multi-quarter revenue visibility despite near-term slowdown
  • Wheel and axle business projected to scale from ₹550 crore in FY26 to potentially ₹2,000-3,000 crore by FY28 as Odisha facility comes online, offering a significant new revenue vertical
  • Indian Railways capex allocation of ₹2.77 lakh crore in Union Budget 2026 and a ₹40,000 crore upcoming wagon tender provide a large addressable market
  • BESS order book has crossed ₹150 crore with a target of ₹200 crore in FY27 and revenue target of ₹500 crore from BESS by FY28, adding diversification beyond wagons
  • 10-year stock CAGR of 33% and 5-year CAGR of 48% indicate sustained long-term wealth creation for earlier investors
  • FY25 PAT of ₹380 crore grew 14.9% YoY, demonstrating profit growth even in a year of moderate top-line expansion of 9.3%
Bear Case 8
  • FY26 revenue fell sharply to ₹2,961 crore from ₹4,008 crore in FY25, a decline of 26% YoY on a TTM basis
  • FY26 PAT collapsed to ₹166 crore from ₹380 crore in FY25, a 56% decline, with Q4 FY26 PAT plunging 72% YoY to just ₹29 crore
  • PE ratio of 66.8x is elevated for a capital goods company that just posted a significant earnings decline, leaving limited margin of safety
  • Working capital days have deteriorated from 73.5 to 114 days, tying up more capital and pressuring cash flows
  • Debtor days increased from 73 to 94.7 days, signalling slower collections and potential customer payment stress
  • Promoter holding has decreased by 4.06% over the last 3 years, which may signal reduced insider conviction
  • Stock has declined 24% over the past 1 year and trades approximately 33% below its 52-week high of ₹375.90, reflecting eroded market confidence
  • BESS vertical is still pre-EBITDA-positive and targets breakeven only in FY28, meaning new initiatives are currently margin-dilutive

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 16d ago
Positives 1
  • Two independent directors appointed Jul 9

    Jupiter Wagons appointed Ms. Ranjini Roy and Ms. Siddhi Singhania as Additional Independent Directors for five-year terms effective July 9, 2026, strengthening board governance.

TL;DR: Jupiter Wagons is strengthening its board governance with the appointment of two independent women directors. No headwinds or negative developments emerged in the period. With limited news flow, the governance enhancement signals steady institutional maturity, though investors will look for order inflow and financial updates for directional cues.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
753
879
896
1,115
880
1,009
1,030
1,045
459
786
890
780
671
Expenses
657
759
773
970
743
870
887
898
400
683
778
701
606
Operating Profit
97
121
123
146
137
139
143
147
59
103
113
79
65
OPM %
13%
14%
14%
13%
16%
14%
14%
14%
13%
13%
13%
10%
10%
Other Income
2
6
5
12
8
10
15
12
17
0
9
2
10
Interest
8
10
11
11
13
17
14
17
16
19
18
16
17
Depreciation
7
7
7
8
12
13
14
15
16
16
17
18
19
PBT
84
110
110
139
120
119
130
127
44
68
87
46
39
Tax %
25%
25%
26%
25%
23%
25%
26%
20%
29%
33%
28%
41%
32%
Net Profit
63
82
81
105
92
89
96
103
31
45
62
27
26
EPS in Rs
1.57
2.05
1.98
2.55
2.23
2.11
2.29
2.43
0.77
1.1
1.47
0.67
0.66
Figures in ₹ Crores

Profit & Loss

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
996
1,178
2,068
3,644
3,963
2,916
3,127
Expenses
889
1,065
1,819
3,157
3,398
2,562
2,768
Operating Profit
106
114
249
487
566
354
359
OPM %
11%
10%
12%
13%
14%
12%
11%
Other Income
2
3
5
25
44
28
21
Interest
21
18
29
41
60
70
71
Depreciation
21
23
25
28
54
67
70
PBT
66
76
200
442
496
245
240
Tax %
19%
34%
40%
25%
23%
32%
—
Net Profit
53
50
121
331
380
166
161
EPS in Rs
5.97
5.55
3.12
8.04
9
4
3.9
Div. Payout %
0%
0%
16%
7%
14%
25%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
387
387
387
412
424
427
Reserves
246
295
416
1,204
2,330
2,551
Borrowings
138
139
288
349
502
996
Other Liabilities
220
250
543
975
743
738
Total Liabilities
991
1,072
1,634
2,940
3,999
4,712
Fixed Assets
418
428
464
831
972
1,119
CWIP
21
22
27
54
66
266
Investments
2
8
11
93
164
236
Other Assets
550
615
1,131
1,962
2,797
3,092
Total Assets
991
1,072
1,634
2,940
3,999
4,712
Figures in ₹ Crores

Cash Flow

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
67
60
78
-19
104
9
Investing
-60
-49
-122
-464
-628
-688
Financing
22
-17
121
489
842
454
Net Cash Flow
30
-6
76
5
318
-224
Free Cash Flow
37
23
9
-143
-403
-524
CFO/OP
67
54
35
18
39
28
Figures in ₹ Crores

Ratios

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
22
38
49
75
95
Inventory Days
120
130
114
127
94
188
Days Payable
70
58
46
71
50
69
Cash Conversion Cycle
77
94
106
105
119
213
Working Capital Days
34
44
25
44
62
114
ROCE %
—
12%
24%
31%
21%
9%

Shareholding Pattern

As of Jun 2026
Promoters 68.31%
Public 15.98%
Others 11.45%
FIIs 3.47%
DIIs 0.80%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023May 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jan 2026Mar 2026Jun 2026
Promoters
60.65%
60.65%
60.65%
60.65%
60.65%
74.62%
74.62%
74.62%
74.62%
74.62%
72.36%
72.37%
72.37%
70.12%
70.12%
70.12%
68.11%
68.11%
68.11%
68.11%
68.11%
68.09%
68.31%
68.31%
68.31%
68.31%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.28%
4.14%
5.34%
3.45%
3.45%
3.86%
4.45%
4.42%
4.49%
4.49%
4.19%
3.47%
DIIs
9.33%
9.33%
9.33%
9.33%
9.33%
2.15%
2.15%
2.15%
2.15%
1.49%
1.63%
1.17%
0.78%
1.90%
1.92%
0.92%
2.31%
1.99%
1.74%
1.71%
1.39%
1.03%
0.75%
0.75%
0.78%
0.80%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
20.34%
20.40%
22.71%
23.56%
24.85%
5.76%
5.81%
5.34%
5.34%
5.98%
6.35%
7.28%
8.31%
9.84%
10.30%
10.81%
10.48%
12.50%
12.77%
14.61%
14.47%
14.95%
14.93%
14.93%
15.14%
15.98%
Others
9.69%
9.62%
7.31%
6.46%
5.18%
17.47%
17.42%
17.89%
17.89%
17.91%
19.66%
19.18%
18.54%
18.13%
15.38%
14.00%
13.76%
13.95%
13.94%
11.71%
11.60%
11.51%
11.52%
11.52%
11.58%
11.45%
No. of Shareholders
0
10,740
12,691
13,668
14,538
16,222
17,374
18,229
24,348
29,778
32,731
46,791
96,707
1,06,761
1,75,669
2,27,473
2,30,983
2,93,306
3,09,767
3,83,418
3,81,237
3,87,636
3,77,295
3,88,294
3,86,428
3,83,497

Documents

Frequently Asked Questions about Jupiter Wagons Ltd

What does Jupiter Wagons Ltd do?
Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. [1]
Where is Jupiter Wagons Ltd (JWL) listed?
Jupiter Wagons Ltd is listed on the Indian stock exchanges. It is listed on NSE: JWL and BSE: 533272. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jupiter Wagons Ltd belong to?
Jupiter Wagons Ltd operates in the Capital Goods sector within the Railway Wagons industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jupiter Wagons Ltd?
Jupiter Wagons Ltd has a market capitalisation of approximately ₹10735.54 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jupiter Wagons Ltd?
The Price-to-Earnings (PE) ratio of Jupiter Wagons Ltd is 64.28. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jupiter Wagons Ltd?
Over the past 52 weeks, Jupiter Wagons Ltd has traded between a low of ₹235.65 and a high of ₹372.85. This range helps investors understand the stock's price volatility and recent trading levels.
Does Jupiter Wagons Ltd pay dividends?
Yes, Jupiter Wagons Ltd has a dividend yield of 0.40%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Jupiter Wagons Ltd?
Jupiter Wagons Ltd has a Return on Equity (ROE) of 13.74%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jupiter Wagons Ltd on Tapetide?
On Tapetide, you can view Jupiter Wagons Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. [1]

Website jupiterwagons.com
CEO Mr. Abhishek Jaiswal
Employees 1,016
Listed 2010-10-18
Face Value ₹ 10
Issued Size 42,44,98,049

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