Texmaco Rail & Engineering

Last updated

Texmaco Rail & Engineering Ltd.
Type Public
BSE:  533326
NSE:  TEXINFRA
ISIN INE621L01012
Industry Railways
Heavy equipment
Defense
Founded1939;85 years ago (1939)
Founder K. K. Birla
Headquarters
Kolkata, West Bengal
,
India
Area served
Worldwide
Key people
  • Saroj Poddar
    (Executive Chairman)
  • D.H. Kela
    (Executive Director & CEO)
  • Indrajit Mookerjee
    (Vice Chairman) [1]
Products
  • Freight wagons
  • Locomotive shells
  • Rolling stock
RevenueIncrease2.svg₹2,269.65 crore (US$280 million) (2023) [2]
Increase2.svg₹26.02 crore (US$3.3 million) (2023) [2]
Total assets Increase2.svg₹2,664.05 crore (US$330 million) (2022) [3]
Total equity Increase2.svg₹1,330.54 crore (US$170 million) (2022) [3]
Parent Adventz Group
Website www.texmaco.in

Texmaco Rail & Engineering Ltd. is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services. The company is headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private firms. [4]

Contents

Overview

Infrastructure projects

Apart from manufacturing rolling stock, Texmaco Rail and Engineering Ltd is involved in executing infrastructure projects related to railways and urban transport systems. They undertake the construction of railway bridges, signalling systems, electrification, and track laying, among other aspects of railway infrastructure. [5] [6]

Collaboration and partnerships

The company has collaborated with leading international players in the railway industry to enhance its capabilities and technology. Texmaco Rail and Engineering Ltd has formed strategic partnerships with companies like Wabtec Corporation (formerly GE Transportation) and Nymburk, among others, to leverage their expertise and access new markets. [7] [8]

Market presence

Texmaco Rail and Engineering Ltd has a strong presence in the Indian rail industry and has supplied its products to various customers, including Indian Railways, private freight operators, and metro rail projects in India. The company also exports its rolling stock and services to international markets. [5] [9] [10]

Subsidiaries

Texmaco Rail and Engineering Ltd has subsidiaries that complement its core business. Some of its subsidiaries include Texmaco Infrastructure and Holdings Ltd (focused on infrastructure projects) and Bright Power Projects (India) Pvt Ltd (involved in renewable energy projects). [11] [12] [13]

Financials

Texmaco Rail and Engineering Ltd reported total income of Rs.2269.65 crores during the Financial Year ended March 31, 2023 as compared to Rs.1644.16 crores during the Financial Year ended March 31, 2022. The company posted a net profit of Rs.26.02 crores for the Financial Year ended March 31, 2023 as against net profit of Rs.20.50 crores for the Financial Year ended March 31, 2022. [3] [2]

Shareholding

As on 31 March 2023, Saroj Poddar-led Adventz group held 58.56% shares in Texmaco Rail & Engineering. [14]

ShareholdersShareholding [15]
Promoters58.69%
Domestic Institutional Investors08.17%
Individual shareholders25.17%
Foreign Institutional Investors01.72%
Others06.25%
Total100.00%

The equity shares of Texmaco Rail & Engineering are listed on the Bombay Stock Exchange, and the National Stock Exchange of India. [16]

Products and services

The company is involved in the business of manufacturing of rolling stock, such as wagons, coaches, EMUs, loco shells & parts, etc., hydro mechanical equipment, steel castings, rail EPC, bridges and other steel structures. Texmaco entered into technical collaborations with renowned multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio. [17]

Texmaco also holds 41% stake in Texmaco Defence Systems Private Ltd. (TDSPL). TDSPL was incorporated with a view to expand its footprint in the defence segment in deference to the Government of India Policy of ‘Make in India’ and to identify opportunities in the defence segment. [18]

See also

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References

  1. ↑ "Texmaco Rail & Engineering Management Information - Details of Texmaco Rail & Engineering Management". The Economic Times. Retrieved 30 May 2023.
  2. 1 2 3 "Texmaco Rail and Engineering Ltd Q4FY23 consolidated PAT higher at Rs. 18.32 crores". EquityBulls. 12 May 2023. Retrieved 30 May 2023.
  3. 1 2 3 "Texmaco Rail & Engineering Ltd. Annual Report" (PDF). bseindia.com. Retrieved 26 June 2023.
  4. ↑ "Texmaco Rail & Engineering gears up to meet demand for more wagons". www.thehindubusinessline.com. 9 March 2023. Retrieved 31 May 2023.
  5. 1 2 www.ETInfra.com. "Texmaco Rail bags Rs 252 cr order for Indore Metro - ET Infra". ETInfra.com. Retrieved 31 May 2023.
  6. ↑ "Texmaco builds country's largest spillway radial gates for Subansiri hydropower project". The Economic Times. 28 April 2023. ISSN   0013-0389 . Retrieved 31 May 2023.
  7. ↑ www.ETAuto.com. "Texmaco inksfreight car JV with Slovak Co - ET Auto". ETAuto.com. Retrieved 31 May 2023.
  8. ↑ "Texmaco gets a pie of Rs 40,000 crore GE and Alstom contracts". DNA India. Retrieved 31 May 2023.
  9. ↑ Mukherjee, Ritwik (23 March 2023). "Texmaco Rail & Engineering bags railway project in Rwanda". www.bizzbuzz.news. Retrieved 31 May 2023.
  10. ↑ "Texmaco Rail & Engineering eyes more acquisitions for expansion". VCCircle. Retrieved 8 June 2023.
  11. ↑ "Texmaco Infra Consolidated March 2023 Net Sales at Rs 4.21 crore, down 49.22% Y-o-Y". Moneycontrol. 15 May 2023. Retrieved 31 May 2023.
  12. ↑ "Texmaco Rail board approves transfer of rail EPC units to two separate arms". cnbctv18.com. 14 March 2023. Retrieved 31 May 2023.
  13. ↑ "Texmaco to acquire majority stake in Bright Power Projects". www.thehindubusinessline.com. 16 September 2015. Retrieved 31 May 2023.
  14. ↑ "Texmaco Rail & Engineering Shareholding Pattern". The Economic Times. Retrieved 31 May 2023.
  15. ↑ "Texmaco Rail and Engineering Ltd to double business over five years". www.telegraphindia.com. Retrieved 31 May 2023.
  16. ↑ "From RVNL to IRCON to IRCTC: Railway-related stocks in limelight ahead of Union Budget". Zee Business. 1 February 2023. Retrieved 31 May 2023.
  17. ↑ "Texmaco Rail & Engineering partners with NYMWAG CS to make freight wagons". The Times of India. 20 April 2023. ISSN   0971-8257 . Retrieved 31 May 2023.
  18. ↑ "Texmaco Rail sells 10% stake in defence subsidiary". VCCircle. Retrieved 31 May 2023.
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