Jupiter Wagons soars 10%, hits all-time high on robust Q4 results

So far this year, the stock of this railway component maker soared over 33 percent, outpacing 1.5 percent rise in the benchmark Nifty 50 index

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26 Aug, 2025 12:21

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Shares of Jupiter Wagons soared over 10 percent to hit an all-time high of Rs 448.8 apiece after its net profit jumped over two-fold year-on-year (YoY) to Rs 104.2 crore in the January-March quarter (Q4FY24) from Rs 40.7 crore a year back.

Analysts at Systematix raised target price to Rs 535 per share from Rs 474 following its upbeat Q4 performance, indicating an upside of over 19 percent from current levels.

"The company has now completely integrated itself with a series of backward integration, superior margins, entry into high growth e-LCV market, and strong industry tailwinds," they wrote in a post result-review analysis.

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The railway company's total income also rose by 57 percent YoY to Rs 1,121.3 crore in Q4FY24 from Rs 712.7 crore in the year-ago period. Jupiter Wagons manufactured highest-ever 2,520 wagons in the March-ended quarter and has plans to raise its capacity to 1 lakh wheelsets per annum from current 10,000 wheelsets over the next 2-3 years.

Recently, Jupiter Wagons secured contract with Ministry of Defence for manufacturing and supply of 697 Boggie Open Military (BOM) wagons.

"The new contract wins in this quarter from Ministry of Defence and Ministry of Railways will add to existing order backlog and provide strong visibility," the management said.

ALSO READ: Jupiter Wagons Q4 net profit grows to Rs 104 crore

Jupiter Wagons is a provider of comprehensive mobility solutions, with diverse offerings across freight wagons, locomotives, passenger coaches, braking systems, metro coach, among others.

So far this year, the stock of this railway component maker soared over 33 percent, outpacing 1.5 percent rise in the benchmark Nifty 50 index.

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