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What is the story about?
Texmaco Rail & Engineering expects revenue growth of around 10 to 15% this year, along with a step-up in profit margins, as the order book continues to strengthen.
Managing Director Sudipta Mukherjee said the order book has grown to more than ₹11,200 crore as of September 1, up from about ₹9,900 crore at the end of the financial year 2025-26 (FY26).
The company had a difficult April-June 2026 quarter, with overall execution at ₹750 crore against roughly ₹900 crore in the same period last year, and revenue down 17%. Mukherjee said the real catch-up will happen in the second part of the year, pointing to supply chain issues across the industry as the reason for the slow start.
Texmaco Rail & Engineering is an engineering and infrastructure company headquartered in Kolkata, West Bengal. It manufactures freight wagons and rolling stock, and also operates in the electrical infrastructure and components segments through its business, including Kalindee Infra.
Recent order wins include a contract worth close to ₹1,300 crore from Tsiko Africa Logistics and a ₹25 crore wagon order from Transport Corporation of India.
Private and export orders now account for more than 70% of the company's order mix, a shift from its earlier dependence on domestic railway orders. The newer orders typically run for up to 24 months, with maintenance contracts extending 10 to 15 years depending on the deal, he said.
Texmaco's earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin was 10.5% last quarter, up from 8% in the first quarter, and further improvement is expected through the year as the company moves toward mid-teens EBITDA.
Shares of Texmaco Rail & Engineering were trading at ₹116.14 as of 10:17 am on the NSE. The company has a market capitalisation of ₹4,729.80 crore, and its stock has declined more than 16% over the past year.
For the full interview, watch the accompanying video
Catch all the latest updates from the stock market here
Managing Director Sudipta Mukherjee said the order book has grown to more than ₹11,200 crore as of September 1, up from about ₹9,900 crore at the end of the financial year 2025-26 (FY26).
The company had a difficult April-June 2026 quarter, with overall execution at ₹750 crore against roughly ₹900 crore in the same period last year, and revenue down 17%. Mukherjee said the real catch-up will happen in the second part of the year, pointing to supply chain issues across the industry as the reason for the slow start.
Texmaco Rail & Engineering is an engineering and infrastructure company headquartered in Kolkata, West Bengal. It manufactures freight wagons and rolling stock, and also operates in the electrical infrastructure and components segments through its business, including Kalindee Infra.
Recent order wins include a contract worth close to ₹1,300 crore from Tsiko Africa Logistics and a ₹25 crore wagon order from Transport Corporation of India.
Private and export orders now account for more than 70% of the company's order mix, a shift from its earlier dependence on domestic railway orders. The newer orders typically run for up to 24 months, with maintenance contracts extending 10 to 15 years depending on the deal, he said.
Texmaco's earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin was 10.5% last quarter, up from 8% in the first quarter, and further improvement is expected through the year as the company moves toward mid-teens EBITDA.
Shares of Texmaco Rail & Engineering were trading at ₹116.14 as of 10:17 am on the NSE. The company has a market capitalisation of ₹4,729.80 crore, and its stock has declined more than 16% over the past year.
For the full interview, watch the accompanying video
Catch all the latest updates from the stock market here
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