Accumulate Titagarh Rail Systems target of Rs 1072: Asit C Mehta

Asit C Mehta report on Titagarh Rail Systems

Titagarh Rail Systems Ltd (TRSL) is a leading global provider of comprehensive mobility solutions, operating with a strong presence and state-of-the-art manufacturing facilities in India and Italy. Headquartered in Kolkata, India, the company specializes in crafting cutting-edge transportation solutions for both passenger and freight rail systems. Their core offerings include: Passenger Rail: Semi high-speed trains, urban metros, and passenger coaches. Freight Rail: A wide array of wagons, including specialized designs such as container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons. Propulsion Equipment: Electric propulsion systems, including traction motors and vehicle control systems. Titagarh is committed to innovation and excellence, striving to deliver world-class products that meet the diverse requirements of the global rail industry and redefine the movement of people and goods.

Outlook

We recommend an "Accumulate" rating for the stock, applying a PE multiple of 34X to the EPS of 31.5, for the target price of ₹ 1072, indicating a potential upside of around ~23%.