Jupiter Wagons

Jupiter Wagons Limited
Company type	Public
Traded as	BSE: 533272 ; NSE: JWL
Industry	Railways ; Automobile ; Heavy equipment ; Defense
Founded	28 July 1979;45 years ago
Headquarters	Kolkata, West Bengal , India
Area served	Worldwide
Key people	Vivek Lohia; (Managing Director); Vikash Lohia ; (Whole time Director); Abhishek Jaiswal; (CEO);
Products	Freight wagons; Locomotives; Rolling stock; Shipping container; Electric vehicle; Defence service vehicle;
Production output	6,500 wagons (2022)
Revenue	₹2,073.33 crore (US$250 million) (2023)
Net income	₹120.78 crore (US$14 million) (2023)
Total assets	₹1,072.40 crore (US$130 million) (2022)
Total equity	₹682.69 crore (US$82 million) (2022)
Website	jupiterwagons.com

Last updated September 09, 2024

Jupiter Wagons Limited is an Indian private manufacturer of railway freight wagons, passenger coaches, wagon components, cast manganese steel crossings and castings headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private companies.^[6]

Acquisitions and mergers

Commercial Engineers & Body Builders Company Ltd (CEBBCO)

Commercial Engineers & Body Builders Company Ltd (CEBBCO), a Madhya Pradesh based manufacturer of tipplers, trailers, and specialized defence vehicles, was acquired by Jupiter Wagons Limited in a buyout of its organization in 2019 under a National Company Law Tribunal (NCLT) governed stressed asset sale.^[7]^[8]

JWL latter on 29 June 2022, announced its reverse merger with CEBBCO. Therefore, with this, the company completed its listing on the bourses.^[6]

Stone India

Jupiter Wagons Ltd was selected as the successful resolution applicant by the Committee of Creditors of Stone India Ltd, which used to supply electrical engineering products to Indian Railways such as Pantograph. Both JWL and Stone India being engaged in the same line of activity, the acquisition of Stone India by JWL was thereby slated to provide natural synergy to the company.^[9]

Financials

The company has reported total income of Rs.2073.3345 crores during the Financial Year ended March 31, 2023 as compared to Rs.1181.7454 crores during the Financial Year ended March 31, 2022.

The company has posted net profit of Rs.120.78 crores for the Financial Year ended March 31, 2023 as against net profit of Rs.49.6759 crores for the Financial Year ended March 31, 2022.^[5]

Subsidiaries & Joint ventures

JupiterElectric Mobility: Jupiter Electric Mobility (JEM) is a fully owned subsidiary of Jupiter Wagons Limited. It launched two Electric Light Commercial Vehicles (eLCV) at Auto Expo 2023 in Greater Noida. JEM TEZ is a smaller truck with up to 1 ton payload, and EV Star CC will be capable of carrying heavier payload. EV Star CC vehicle will be brought to Indian market in technical collaboration with EA GreenPower Motors, Canada. JEM TEZ is an indigenously developed vehicle and will be manufactured in its Indore plant. JEM Tez is expected to enter Indian market in 2024.
JWL CAF Joint Venture: JWL entered into a MoU with Spain based firm CAF for setting up a manufacturing facility at an estimated investment of around ₹300crore. The investment as per plan would to be jointly funded by JWL and CAF.^[10]
JWL DAKO-CZ India Limited: In 2022 JWL DAKO-CZ India Ltd was established to focus on development and supply of complete and modern braking system for the Indian Railways.^[11]
JWL Talegria India Pvt. Ltd.: JWL has formed a JV with Talleres Alegria of Spain and has started the trials for Flash-butt welded CMS Crossings for Indian railways and global market.
JWL Kovis India Pvt. Ltd.: JWL has formed a JV with Kovis d.o.o. of Slovenia and has started the manufacturing of Brake disc for high-speed passenger coaches in its Richai, Jabalpur plant.

Products and services

Railway freight: Rolling stock, components (bogies, couplers, locomotive shells, gears);
Railway transit: Rolling stock (electric locomotives, EMU trainsets, DEMU trainsets, metros, body shells, bogies, propulsion & electrical equipment);
Automobile: Commercial electric vehicles, commercial vehicle load bodies;^[12]
Containers: Marine container, refrigerated container, truck mounted container & cold chain transport container

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References

↑ "Jupiter Wagons Ltd.: Company Details". moneycontrol. Retrieved 6 January 2024.
↑ "Jupiter Wagons Management Information - Details of Jupiter Wagons Management". The Economic Times. Retrieved 12 April 2023.
1 2 3 4 5 "Jupiter Wagons Limited Annual Report 2022" (PDF). bseindia.com. Retrieved 26 June 2023.
↑ Roy, Shobha (26 October 2021). "Jupiter Wagons bets big on backward integration". www.thehindubusinessline.com. Retrieved 12 April 2023.
1 2 3 "Jupiter Wagons Ltd Q4 FY2022-23 consolidated net profit slips QoQ to Rs. 39.21 crores". EquityBulls. 26 May 2023. Retrieved 26 May 2023.
1 2 Narayan, Subhash (30 June 2022). "Jupiter Wagons' shares lists on bourses". mint. Retrieved 12 April 2023.
↑ "Jupiter Wagons lists on bourses". The Economic Times. 30 June 2022. ISSN 0013-0389 . Retrieved 12 April 2023.
↑ Mazumdar, Rakhi (15 February 2019). "Jupiter Wagons picks up 68% in Cebbco for Rs 100 crore in stressed sale". The Economic Times. ISSN 0013-0389 . Retrieved 13 April 2023.
↑ "Jupiter Wagons Limited wins bid for Stone India". www.telegraphindia.com. Retrieved 12 April 2023.
↑ Roy, Shobha (3 July 2022). "Jupiter Wagons Ltd enters into JV with Spanish firm CAF". www.thehindubusinessline.com. Retrieved 12 April 2023.
↑ Johánek, Tomáš (30 January 2023). "DAKO-CZ exceeded two billion revenues for the first time in its history". ACRI. Retrieved 12 April 2023.
↑ Roy, Shobha (16 February 2023). "Jupiter Wagons to roll out electric commercial vehicles by Q3 CY23". www.thehindubusinessline.com. Retrieved 12 April 2023.

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[1] "Jupiter Wagons Ltd.: Company Details". moneycontrol. Retrieved 6 January 2024.

[2] "Jupiter Wagons Management Information - Details of Jupiter Wagons Management". The Economic Times. Retrieved 12 April 2023.

[JupiterWagonsLimitedAnnualReport2022-3] 1 2 3 4 5 "Jupiter Wagons Limited Annual Report 2022" (PDF). bseindia.com. Retrieved 26 June 2023.

[4] Roy, Shobha (26 October 2021). "Jupiter Wagons bets big on backward integration". www.thehindubusinessline.com. Retrieved 12 April 2023.

[2023FY-5] 1 2 3 "Jupiter Wagons Ltd Q4 FY2022-23 consolidated net profit slips QoQ to Rs. 39.21 crores". EquityBulls. 26 May 2023. Retrieved 26 May 2023.

[:0-6] 1 2 Narayan, Subhash (30 June 2022). "Jupiter Wagons' shares lists on bourses". mint. Retrieved 12 April 2023.

[7] "Jupiter Wagons lists on bourses". The Economic Times. 30 June 2022. ISSN 0013-0389 . Retrieved 12 April 2023.

[8] Mazumdar, Rakhi (15 February 2019). "Jupiter Wagons picks up 68% in Cebbco for Rs 100 crore in stressed sale". The Economic Times. ISSN 0013-0389 . Retrieved 13 April 2023.

[9] "Jupiter Wagons Limited wins bid for Stone India". www.telegraphindia.com. Retrieved 12 April 2023.

[10] Roy, Shobha (3 July 2022). "Jupiter Wagons Ltd enters into JV with Spanish firm CAF". www.thehindubusinessline.com. Retrieved 12 April 2023.

[11] Johánek, Tomáš (30 January 2023). "DAKO-CZ exceeded two billion revenues for the first time in its history". ACRI. Retrieved 12 April 2023.

[12] Roy, Shobha (16 February 2023). "Jupiter Wagons to roll out electric commercial vehicles by Q3 CY23". www.thehindubusinessline.com. Retrieved 12 April 2023.

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