Synopsis:
Jupiter Tatravagonka Railwheel Factory Pvt. Ltd., an unlisted subsidiary of the company, has received a ₹215 crore LOI dated August 19, 2025, for supplying 5,376 wheelsets for Vande Bharat trains.
The shares of the Railway company, specializing in the production of railway wagons, coaches, and other transport equipment, jumped 13 percent upon receiving a Letter of Intent (LoI) for the supply of Wheelsets for the Vande Bharat Train.
With a market capitalization of Rs. 15,581.20 crores on Thursday, the shares of Jupiter Wagons Limited jumped by 12.6 percent, reaching a high of Rs. 371.50 per share compared to its previous closing price of Rs. 329.85 per share.
Jupiter Wagons Limited, engaged in the production of railway wagons, coaches, and other transport equipment, has announced that its unlisted material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent (LOI) dated August 19, 2025.
The order is for the supply of 5,376 wheelsets intended for the Vande Bharat trains. The total order is valued at approximately Rs. 215 crore. This development is significant as it reflects a major business opportunity for the subsidiary and indicates its role in supporting the country’s high-speed rail infrastructure.
Financials & Others
The company’s revenue declined by 46.35 percent from Rs. 887.71 crore to Rs. 476.22 crore in Q1FY25-26. Meanwhile, the Net profit declined from Rs. 91.92 crore to Rs. 32.7 crore during the same period.
Jupiter Wagons Ltd has showcased strong financial performance, with ROCE of 21.6% and ROE of 17.1%. The company has delivered an impressive profit growth of 125% CAGR over the last five years. Additionally, Foreign Institutional Investors (FIIs) have shown growing confidence in the company, increasing their stake from 3.86% to 4.45%.
Jupiter Wagons Ltd is an Indian company primarily engaged in the manufacturing of railway wagons, high-speed brake systems, and related components. It also provides solutions for freight cars, passenger coaches, and specialized railway equipment. The company serves both domestic and international markets and plays a vital role in supporting the country’s rail infrastructure and logistics sector.
As of 30th June 2025, Jupiter Wagons Ltd. holds a robust order book of ₹5,972 crore. Its EV arm, Jupiter Electric Mobility (JEM), inaugurated its first showroom in Jayanagar, Bengaluru, marking the start of a planned pan-India expansion with 4–6 new outlets by September 2025.
JEM also signed an MoU with Pickkup to deploy 300 JEM TEZ electric LCVs, supporting the PM e-DRIVE initiative and promoting sustainable logistics. Additionally, the company received a long-term credit rating upgrade to ACUITE AA (Stable) and a reaffirmed short-term rating of ACUITE A1+ from ACUITE Ratings & Research.
In Q1 FY26, Jupiter Wagons Ltd has witnessed mixed performance across segments compared to Q4 FY25. Railway Wagons revenue declined from ₹2,375 crore to ₹826 crore, while CMS Crossings grew from ₹131 crore to ₹262 crore. Commercial Vehicle Bodies & Components decreased from ₹2,442 crore to ₹2,182 crore.
Along with it, the Containers and Wheels segments remained largely stable, with a bit of an increase. Axles recorded a sharp rise to ₹744 crore from ₹24 crore, and Wheel Sets grew to ₹4,811 crore from ₹4,453 crore. Brake Disc sales surged to ₹5,199 crore from ₹3,264 crore, while Axle Box/Hub exports fell to ₹232 crore from ₹1,232 crore. The Axle Mounted Disc Brake System recorded marginal activity at ₹9 crore, compared to nil in Q4.
Written by Sridhar J
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