| Market Cap | ₹7,737.54 CrCommercial Vehicles |
|---|---|
| P/E TTM | 46.43xSector 30.95x |
| RSI | 28.08Oversold Zone |
| Order from | Ministry of Railways (Railway Board) |
| Deal value | ₹1,140 Cr |
| Share of market cap | 14.7% |
| Share of annual revenue | 36.5% |
Key highlights
- Total order value stands at ₹1,140 crore for the supply of 2,583 wagons
- Scope of work includes manufacture and supply of BOXNHL and BOXNS wagon variants
- The contract represents approximately 36.5% of the company's TTM revenue of ₹3,127.1 crore
- The deal value accounts for 14.7% of the company's current market capitalization
- Order received from the Ministry of Railways (Railway Board) on October 28, 2026
Strategic Rolling Stock Win from Indian Railways
Jupiter Wagons Limited (JWL) has solidified its position in the heavy engineering and railway infrastructure sector by securing an aggregate order value of INR 1,140 crore. The contract involves the manufacture and supply of 2,583 specialized wagons, specifically BOXNHL and BOXNS models, for the Ministry of Railways. This substantial win comes at a time when the company has reported a trailing twelve-month (TTM) revenue of ₹3,127.1 crore, making this single order equivalent to over 36% of its annual top-line.
The receipt of this order reinforces the company's standing as a key player in the rolling stock manufacturing sector, aligning with the ongoing modernization of India's freight corridors.
Recent Contract Wins and Order Momentum
- October 05, 2026: Secured BESS project wins from UPCL and WBSEDCL totaling ₹100.00 crore
- September 08, 2026: Signed wagon purchase agreement with GATX India for BFNS22.9 rakes worth ₹97.66 crore
- August 10, 2026: Won orders from JSW Port Logistics and Orissa Alloy Steel for 479 wagons worth ₹211.27 crore
- June 25, 2026: Received orders for BFNSM1 and BLSS rakes from JSW and CWC worth ₹264.32 crore
- August 11, 2025: Executed purchase order with GATX India for 583 specialized wagons valued at ₹242.41 crore
Financial Performance and Market Context
The company’s stock currently trades at ₹181.05, representing a market capitalization of ₹7,737.54 crore. Despite the recent large order win, the stock has experienced a 44% decline over the past year, currently trading near its 1-year low of ₹169.08. Financially, the latest quarter ending June 30, 2026, saw operating revenue of ₹670.74 crore, a 46% year-on-year increase, though net profit decreased by 13.6% in the same period.
With an RSI of 28.08, the stock is technically in the oversold zone. The new ₹1,140 crore order provides significant revenue visibility for the upcoming quarters as the company works through its rail and battery energy storage system (BESS) segments.
| Date | Announcement | Amount |
|---|---|---|
| 05 Oct 2026 | UPCL 41 MW/102.5 MWh BESS project win and WBSEDCL 50 MW/200 MWh Jeerat BESS project LOASource: BSE filing | ₹100.00 Cr |
| 08 Sep 2026 | Wagon Purchase Agreement with GATX India for manufacture and supply of BFNS22.9 rakesSource: jupiterwagons.com | ₹97.66 Cr |
| 10 Aug 2026 | Orders from JSW Port Logistics for 329 BOSM wagons and Orissa Alloy Steel for 150 wagonsSource: BSE filing | ₹211.27 Cr |
| 25 Jun 2026 | Orders from JSW (South) Rail Logistics for BFNSM1 rakes and Central Warehousing Corporation for 8 BLSS rakesSource: NSE filing | ₹264.32 Cr |
| 11 Sep 2025 | Letter of Acceptance from Ministry of Railways to subsidiary JTRFPL for 9,000 LHB axlesSource: jupiterwagons.com | ₹113.00 Cr |
| 11 Aug 2025 | Purchase order from GATX India for manufacture and supply of 583 specialised freight wagonsSource: jupiterwagons.com | ₹242.41 Cr |
What to watch next
- Commercial Operation Date for axle production at the Odisha plant targeted for December 2026
- Jupiter Electric Mobility reaching EBITDA positivity expected in Q3 FY27
- Full commissioning of the wheel and axle production facility by December 2027
- Progress toward the management guidance of a ₹1,000 crore BESS order book by FY27
| Share price | ₹181.05 |
|---|---|
| Market capitalisation | ₹7,737.54 Cr |
| Revenue (annual) | ₹2,915.70 Cr |
| Net profit (annual) | ₹171.08 Cr |
| Revenue (latest quarter) | ₹670.74 Cr-14.02% vs previous quarter |
| Net profit (latest quarter) | ₹28.25 Cr-1.99% vs previous quarter |
| P/E (TTM) | 46.43×Sector 30.95× |
| Promoter holding | 68.31%0.00% QoQ |
| FII holding | 3.02%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jupiter Wagons Limited announcing the receipt of an order for 2,583 wagons from the Ministry of Railways. Market figures from a third-party data provider.
