Railway stock anticipating a strong revenue guidance of Rs 10,000 crore by 28. The company is already engaged in the business of wagons, electric mobility systems and brakes. Actually we’re talking about Jupiter Wagons Limited. As the railway company plans to expand its business into defense, railway components and transportation technologies etc, the company has a different growth story in the upcoming years ahead. Investors must keep this railway stock under the radar.
Jupiter Wagons Stock Price Movement
The shares of Jupiter Wagons Limited ended the week at Rs 314 with a 1.30% fall on Friday, February 21. Talking about the share performance, the stock is nearly down by 38% this year so far. In the last 6 months, Jupiter Wagons shares have delivered negative returns of 44.74%. Jupiter Wagons Limited’s share is currently trading at a 57% discounted price from its 52-week high of Rs 748.10
Revenue Guidance to Rs 10,000 Crore
Jupiter Wagons recorded revenue of Rs 3,641 crore in FY24 and plans to expand its business within a few years. With guidance of management, the company aims to achieve Rs 5,000 crore revenue by FY26, which represents 37.32% growth. The company said that its wagon business is likely to increase nearly 10%-15% per year. Jupiter Tatravagonka, its subsidiary, made Rs 225 crore in the first 9 months, while aiming to achieve Rs 300 crore by the end of the year.
As the business grows, Jupiter Wagons anticipates generating between Rs 8,000 and Rs 10,000 crore by FY28, which would be a 120%–175% growth from FY24. For long-term success, this growth will be fueled by diversifying its company, bolstering its market position, and expanding into non-wagon segments.
Also Read: RVNL Share Price Target 2025 to 2050
Railway Stock Revenue Guidance Plan
As of December 31, 2024, Jupiter Wagons’ order book stood at Rs. 6,320 crore, ensuring strong future revenue visibility. The company successfully commercialized its Tatravagonka Rail Wheel Factory and anticipates doubling its revenue from the previous year. It shipped 10,000 axle boxes and 13,000 brake discs to Indian Railways, as well as 230 brake systems for passenger coaches, demonstrating its precision engineering expertise.
Future Growth Plan
The company has also approved a Rs 3,000 crore QIP for the future growth. Let us tell you that, Jupiter Wagons earlier raised Rs 800 crore which was utilized for wagon business. In order to improve its battery technology for electric trucks and railroads, Jupiter Wagons increased its ownership of Jupiter Electric Mobility from 60% to 75% and acquired Log9 Technology.
For TEZ vehicles, the business introduced a battery-as-a-service (BaaS) model that offers an affordable per-kilometer lease choice. In order to promote adoption, it has obtained more than 500 TEZ vehicle orders through the JEM Udaan program with Porter.
Jupiter Wagons Technical Analysis
Jupiter Wagons shares are currently trading below its 10-day, 20-day, 50-day, 100-day, 150-day and 200-day moving averages which indicates a sustained bearish trend. However, RSI at 34.5 indicates that the shares are neither trading in the overbought zone nor in the oversold zone.
Investors should keep this Railway Stock under the radar as the company’s future seems promising.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
