JUPITER WAGONS LIMITED
₹182.15-₹10.75 (-5.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹12,580 Cr
- P/E
- 44.8x
- EV / EBITDA
- 24.5x
- Revenue
- ₹3,871 Cr
- Net margin
- 9.1%
- ROCE
- 25.1%
Price chart
Technical chartScreen technicals →-44.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -21.8%
- 3M
- -29.7%
- 6M
- -35.8%
- 1Y
- -44.2%
- 5Y
- +428.7%
52-week range
Day change -₹10.75 (-5.6%) from ₹193 to ₹182 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JWL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 96.0%
Concerns1
- Negative free cash flow (₹603 Cr)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Industrials
- Shares outstanding
- 42.8 Cr shares
- ISIN
- INE209L01016
- BSE code
- 533272
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹12,580 Cr
- P/E
- 44.8x
- P/B
- 4.5x
- EV / EBITDA
- 24.5x
- EV / Sales
- 3.4x
- P/S
- 3.5x
- Earnings yield
- 2.2%
- 52-week high
- ₹347.50
- 52-week low
- ₹173.40
Profitability
- Operating margin
- 13.5%
- Net margin
- 9.1%
- EBITDA margin
- 14.1%
- ROE
- 20.5%
- ROCE
- 25.1%
- ROA
- 11.9%
- Dividend payout
- 7.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 4.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,871 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 96.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹512 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 97.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹6.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -108.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹159 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 70.6%
Solvency and efficiency
- Current ratio
- 2.69
- Debt / Equity
- 0.21
- Debt / Assets
- 0.12
- Debt / EBITDA
- 0.66
- Interest coverage
- 11.98
- Financial leverage
- 1.72
- CFO / Net profit
- -0.02
- Cash / Market cap
- 14.3%
- Cash per share
- ₹41.97
- Asset turnover
- 1.30
- Fixed asset turnover
- 7.03
- Capital intensity
- 0.14
- Debtor days
- 47 days
- Inventory turnover
- 3.12
- Cash conversion cycle
- 107 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹10 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,323 Cr |
| Sales | Operating profit | ₹548 Cr |
| Operating profit | Interest | ₹53 Cr |
| Operating profit | Depreciation | ₹31 Cr |
| Operating profit | Profit before tax | ₹464 Cr |
| Other income | Profit before tax | ₹34 Cr |
| Profit before tax | Tax and other | ₹125 Cr |
| Profit before tax | Net profit | ₹373 Cr |
Revenue and net profit
Revenue grew 6.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹996 Cr | ₹54 Cr |
| FY2022 | ₹1,178 Cr | ₹50 Cr |
| FY2023 | ₹2,068 Cr | ₹125 Cr |
| FY2024 | ₹3,641 Cr | ₹333 Cr |
| FY2025 | ₹3,871 Cr | ₹373 Cr |
Cash flows
FY2025: ₹200 Cr from operations, -₹603 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹67 Cr | ₹7 Cr |
| FY2022 | ₹60 Cr | ₹11 Cr |
| FY2023 | ₹73 Cr | -₹46 Cr |
| FY2024 | -₹6 Cr | -₹493 Cr |
| FY2025 | ₹200 Cr | -₹603 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,871 Cr+6.3%1Y
- Net profit
- ₹373 Cr+12.0%1Y
- Cash from operations
- ₹200 Cr
- Free cash flow
- -₹603 Cr
- Revenue CAGR, 5Y
- 96.0%
- EBITDA CAGR, 5Y
- 111.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,871 Cr | ₹548 Cr | — | ₹373 Cr | ₹200 Cr | -₹603 Cr | 13.6% | +6.3% | +12.0% |
Monthly returns
Month-by-month returns of JWL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,871 Cr |
| Equity capital | ₹424 Cr |
| Reserves | ₹2,327 Cr |
| Borrowings | ₹394 Cr |
| Other liabilities | ₹725 Cr |
| Assets | ₹3,871 Cr |
| Fixed assets | ₹582 Cr |
| Capital work in progress | ₹45 Cr |
| Investments | ₹1,093 Cr |
| Other assets | ₹2,151 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JWL trades at 44.8x earnings against a peer median of 38.3x (a 17% premium).
Not shown (no positive earnings and no EV / Sales): SKF INDIA (INDUSTRIAL) LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| JUPITER WAGONS LIMITEDJWLthis companyP/E ↑ premium | ₹12,580 Cr | 44.8x | 4.5x | 20.5% | 24.5x |
| GALLANTT ISPAT LIMITEDGALLANTT | ₹13,461 Cr | 27.4x | 4.3x | 9.2% | 30.1x |
| Afcons Infrastructure LimitedAFCONS | ₹13,273 Cr | 22.5x | 2.7x | 14.4% | 7.6x |
| SKF INDIA (INDUSTRIAL) LIMITEDSKFINDUS | ₹13,233 Cr | — | — | — | — |
| Usha Martin Ltd.USHAMART | ₹13,169 Cr | 40.7x | 8.3x | 24.4% | 28.5x |
| Kirloskar Brothers Ltd.KIRLOSBROS | ₹12,907 Cr | 55.0x | 7.6x | 16.7% | 33.5x |
| Blue Dart Express Ltd.BLUEDART | ₹12,834 Cr | 49.6x | 7.6x | 20.1% | 21.7x |
| KSB LIMITEDKSB | ₹12,762 Cr | 49.7x | 8.7x | — | — |
| Cemindia Projects LimitedCEMPRO | ₹11,749 Cr | 26.4x | 5.8x | — | — |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
JWL since 1 January, against earlier years.
Historical volatility
JWL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 11.0% |
| FY2022 | 10.0% |
| FY2023 | 12.0% |
| FY2024 | 13.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,871 Cr |
| Costs | |
| Interest | ₹53 Cr |
| Expenses | ₹3,323 Cr |
| Operating profitOperating Profit | ₹548 Cr |
| Other income and charges | |
| Profit before tax | ₹498 Cr |
| Tax | |
| Net profitNet Profit | ₹373 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,871 Cr |
| Equity capitalEquity Capital | ₹424 Cr |
| Reserves | ₹2,327 Cr |
| Borrowings | ₹394 Cr |
| Other liabilitiesOther Liabilities | ₹725 Cr |
| AssetsTotal Assets | ₹3,871 Cr |
| Fixed assetsFixed Assets | ₹582 Cr |
| Capital work in progressCWIP | ₹45 Cr |
| Investments | ₹1,093 Cr |
| Other assetsOther Assets | ₹2,151 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹200 Cr |
| Investing cash flowCash from Investing Activity | -₹803 Cr |
| Financing cash flowCash from Financing Activity | ₹762 Cr |
| Change in cashNet Cash Flow | ₹159 Cr |
Learn while you research
Academy chapters picked for JUPITER WAGONS LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 44.8, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read