Jupiter Wagons
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Jupiter Wagons Limited (JWL) is strategically positioning itself as a diversified mobility solutions provider, a shift underscored by management's focus on backward integration and capacity expansion. Key developments include the establishment of a wheelset manufacturing facility in Odisha and the scaling of its Electric Mobility division, which are expected to enhance operational efficiency and mitigate supply chain risks. Despite facing short-term headwinds from supply chain disruptions and geopolitical volatility, JWL's robust order book of INR 4,675 crore and the anticipated government support for infrastructure projects bolster Vista's positive revenue outlook. The company's transition into passenger mobility and energy storage aligns with the growing demand for sustainable transport solutions, supporting long-term growth. However, potential regulatory changes and economic fluctuations present challenges that could impact margins. Over the next 12-24 months, JWL's ability to execute its strategic initiatives and maintain supply chain stability will be critical. Overall, Vista's forecast reflects a fair valuation with an expected upside of approximately 29%, driven by JWL's proactive strategies and favorable industry dynamics
Why We Like This Stock
- Strategic expansion into wheelset manufacturing and electric mobility enhances operational efficiency and market positioning
- A healthy order book of INR 4,675 crore provides a solid foundation for revenue growth amid industry tailwinds
- Government support for infrastructure projects aligns with JWL's long-term growth strategy, particularly in rail and mobility solutions
Things To Watch Out For
- Supply chain disruptions and geopolitical volatility pose significant short-term execution risks
- Potential regulatory changes could impact project timelines and profitability
- Economic fluctuations may affect capital availability and consumer spending, putting pressure on margins
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 3,644 | 3,963 | 2,916 | 3,511 | 4,236 |
| Profit Before Tax (Cr.) | 442 | 493 | 263 | 321 | 386 |
| PBT Margin | 12.1% | 12.4% | 9.0% | 9.1% | 9.1% |
| Net Profit (Cr.) | 332 | 370 | 196 | 243 | 284 |
| Earnings Per Share | 7.8 | 8.7 | 4.7 | 5.5 | 6.7 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Jeffries | ▼ Underperform | 210 | 03-Jun-2026 |
Company Overview
Show Company Profile
Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally. It offers open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also provides train sets, passenger, and metro coaches; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; commercial vehicles; commercial electric vehicles; and containers, such as marine, refrigerated, and truck mounted containers, as well as cold chain transport solution. Further, the company engages in letting out of property; and manufacturing of electrical equipment, as well as provides drone delivery services. The company serves railway engineering company, the Indian Railway, private wagon aggregators, commercial vehicles OEMs, and Indian defense and logistics companies. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. The company was incorporated in 1979 and is based in Kolkata, India.