| Market Cap | ₹7,377.27 CrSmall Cap |
|---|---|
| Order Book | ₹4,550 CrAs of June 2026 |
| TTM P/E | 44.27xSector 31.52x |
| Day RSI | 21.35Oversold Zone |
Key highlights
- MoU signed with PESA Bydgoszcz S.A., a leading Polish rail vehicle manufacturer
- Scope covers passenger rolling stock for metro and high-speed rail segments
- Consolidated order book stood at ₹4,550 crore as of June 30, 2026
- Operating revenue for the latest quarter grew 46.02% year-on-year to ₹670.74 crore
- Stock is currently trading at a TTM P/E of 44.27x compared to a sector average of 31.52x
Expanding Into High-Speed Passenger Rail
Jupiter Wagons is moving aggressively to expand its presence in the high-technology passenger rail segment through this partnership with PESA Bydgoszcz S.A. The non-binding MoU focuses on exploring manufacturing and supply opportunities for metro rail systems and high-speed rail corridors in India. This move aligns with the national focus on upgrading rail infrastructure and the introduction of advanced transit systems.
By partnering with a specialized Polish entity, Jupiter Wagons aims to leverage international expertise to compete for large-scale government tenders. The collaboration marks a significant shift for the company as it attempts to diversify its revenue streams from traditional freight wagons into high-value passenger rolling stock.
Financial Performance and Order Visibility
- The company reported a consolidated order book of ₹4,550 crore as of June 30, 2026, providing long-term revenue visibility.
- Revenue for the quarter ended June 2026 reached ₹670.74 crore, representing a 46.02% increase over the same period last year.
- Net profit for the quarter stood at ₹28.25 crore, though it saw a 13.6% year-on-year decline.
- Operating profit margins were recorded at 9.68% for the latest quarter, compared to 13% in the previous year.
- Promoter holding remains stable at 68.31%, with no reported pledge as of the latest filing.
Strategic Roadmap and Manufacturing Milestones
The tie-up with PESA follows a series of strategic agreements aimed at localizing high-end rail components. In August 2026, the company partnered with Lucchini RS and SIMEST for a ₹307 crore investment in a railwheel factory, complementing a 10-year supply agreement signed in May 2026 for European markets. These initiatives are supported by the upcoming commercial operation of its Odisha greenfield plant, with axle manufacturing slated for December 2026.
Jupiter Wagons is also advancing its electric mobility vertical, JEM, which management expects to reach EBITDA breakeven by the third quarter of FY27. This ecosystem approach positions the company to provide integrated solutions across freight, passenger, and electric vehicle segments.
| Date | Announcement | Amount |
|---|---|---|
| 05 Oct 2026 | Partnership between JEM Energy and Madhav Infra Projects to execute 41 MW/102.5 MWh UPCL BESS projectSource: BSE filing | ₹100.00 Cr |
| 03 Aug 2026 | Strategic partnership with Lucchini RS and SIMEST for 25% stake in Jupiter Tatravagonka Railwheel FactorySource: jupiterwagons.com | ₹307.00 Cr |
| 27 May 2026 | 10-year supply agreement between subsidiary JTRWF and Tatravagonka a.s. for European railwheel supplySource: infra.economictimes.indiatimes.com | – |
| 27 May 2025 | MoU between Jupiter Electric Mobility and Pickkup to deploy 300 JEM TEZ e-LCVsSource: BSE filing | – |
| 24 Jan 2025 | MoU between Jupiter Electric Mobility and Porter to promote EV adoption via the JEM Udaan programSource: evreporter.com | – |
| 31 Oct 2024 | Strategic acquisition and technology partnership with Log9 Materials for railway and e-truck battery divisionsSource: evreporter.com | – |
What to watch next
- Commercial operation date for axle manufacturing at the Odisha plant in December 2026
- Management guidance for JEM subsidiary to reach EBITDA breakeven in Q3 FY27
- Full commissioning of the wheelset plant targeted for December 2027
- Progress on formalizing binding agreements with PESA following this MoU
| Share price | ₹172.62 |
|---|---|
| Market capitalisation | ₹7,377.27 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) | 44.27×Sector 31.52× |
| 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 execution of a Non-Binding Memorandum of Understanding with Poland's PESA. Market figures from a third-party data provider.
Track Jupiter Wagons live
Get the next Jupiter Wagons filing on Telegram seconds after it lands. 15 days free.
