Texmaco Rail & Engineering Limited has received a fresh order worth ₹36.27 crore from Transport Corporation of India (TCI).
The contract is for the supply of two full rakes comprising 54 ACT-3 type wagons and two BVCM brake vans.
This latest deal has further strengthened the company’s already robust order book.
Texmaco confirmed the development in a regulatory filing with the stock exchange.
The company also stated there’s a clause to supply up to eight additional rakes, depending on performance and market demand.
Order Book Crosses ₹7,000 Crore
With this new order, Texmaco Rail’s consolidated order book has now crossed the ₹7,000 crore mark.
The firm has consistently expanded its portfolio by securing orders in freight wagons, EPC projects, and railway infrastructure works.
The company continues to benefit from the Indian government’s heavy focus on railway modernization and logistics upgrades.
Explore more railway-related infrastructure plans here.
Share Price More Than Doubles in Two Years
Texmaco Rail’s stock has seen a remarkable 102% surge over the past two years. From trading around ₹30 in mid-2023, the stock has now crossed the ₹60 mark.
Market analysts attribute the rally to the company’s growing order book, stable financials, and improving margins.
Retail and institutional investors have shown increasing interest as rail sector reforms accelerate.
Check real-time stock price and analysis of Texmaco Rail.
What the New Order Includes
As per the exchange filing, the new ₹36.27 crore order covers two rakes.
Each rake consists of 27 ACT-3 wagons, primarily designed for high-capacity containerized cargo. The ACT-3 design is known for improved axle load and better speed compatibility.
Additionally, each rake will include a BVCM (Brake Van Cum Guard Coach), a critical component for rake balance and operations.
The client, Transport Corporation of India, is expected to use these for its growing logistics operations.
Expansion Plans and Government Push
Texmaco Rail’s growth aligns with the Centre’s aggressive push toward rail logistics. The National Rail Plan 2030 aims to increase freight traffic and boost indigenous wagon manufacturing.
This is driving demand for companies like Texmaco, which are well-positioned with both technology and capacity. The company is also expanding into railway EPC contracts and steel foundry production.
Recent announcements suggest it is eyeing new export opportunities in Southeast Asia and Africa.
Market Sentiment and Analyst View
Experts view Texmaco Rail as a beneficiary of the long-term railway infrastructure boom.
According to a report by ICICI Securities, the railway capex push will help companies with backward integration and strong execution track records.
Texmaco fits this profile due to its in-house foundries, design units, and long relationship with Indian Railways.
Analysts recommend keeping the stock on watchlists, especially with an expanding order book and consistent earnings visibility.
Competition in the Railway Manufacturing Space
Texmaco is one of several companies in India’s vibrant railway manufacturing sector.
Others like Titagarh Rail Systems, Jupiter Wagons, and BEML are also aggressively chasing government and private orders.
However, Texmaco’s legacy, infrastructure, and export potential give it an edge in certain niche segments.
Its diversification into steel castings, bridges, and water treatment further strengthens its project portfolio.
Texmaco’s Financial Snapshot
As of FY 2024-25, Texmaco reported strong revenue growth with a healthy operating profit margin.
The company’s net profit margin improved year-over-year, driven by efficient project execution and raw material cost management.
Cash reserves and low debt-to-equity ratios indicate solid financial health, encouraging more institutional participation. Management has stated that they expect robust order inflows in the coming quarters.
Conclusion: Texmaco Rides the Railway Boom
Texmaco Rail & Engineering is making the most of India’s push toward logistics modernization.
Its growing order book, including the latest TCI contract, signals a strong demand pipeline.
With shares up over 100% in two years and new orders in the pipeline, the company is well-positioned for future growth.
Investors and railway stakeholders alike will be watching closely as Texmaco continues to expand both domestically and internationally.