Jupiter Wagons Ltd.
JWLIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
15 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 15 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230222 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230601 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230814 | 2023-06-30 | yes | |
| ANALYST_MEET | 20231102 | 2023-09-30 | yes | |
| ANALYST_MEET | 20240207 | 2023-12-31 | yes | |
| ANALYST_MEET | 20240514 | 2024-03-31 | yes | |
| ANALYST_MEET | 20240731 | 2024-06-30 | yes | |
| ANALYST_MEET | 20241115 | 2024-09-30 | yes | |
| ANALYST_MEET | 20250204 | 2024-12-31 | yes | |
| ANALYST_MEET | 20250523 | 2025-03-31 | yes | |
| ANALYST_MEET | 20250819 | 2025-06-30 | yes | |
| ANALYST_MEET | 20251117 | 2025-09-30 | yes | |
| ANALYST_MEET | 20260217 | 2025-12-31 | yes | |
| ANALYST_MEET | 20260604 | 2026-03-31 | yes | |
| ANALYST_MEET | 20260821 | 2026-06-30 | yes |
JWL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 228.07 |
| 52-week range | 228.06 – 347.55 |
| Return 1M | -7.63% |
| Return 3M | -13.26% |
| Return 1Y | -30.32% |
| Return 3Y | -20.92% |
| Return 5Y | 564.93% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 671.00 |
| Other income | 9.00 |
| Total income | 680.00 |
| Cost of materials consumed | 528.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -34.00 |
| Employee benefit expense | 26.00 |
| Finance costs | 17.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.68 | 0.00 |
| institutions foreign | 0.03 | -0.01 |
| institutions domestic | 0.01 | 0.00 |
| mutual funds | 0.01 | 0.00 |
| public | 0.32 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2026-06-30 | 12 |
| TRANSCRIPT | 2023-06-30 | 3 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 417.00 | 644.00 | 712.00 | 753.00 | 879.00 | 896.00 | 1,115.00 | 880.00 | 1,009.00 | 1,030.00 | 1,045.00 | 459.00 | 786.00 | 890.00 | 780.00 | 671.00 |
| Other income | 1.00 | 2.00 | 1.00 | 2.00 | 6.00 | 5.00 | 12.00 | 8.00 | 10.00 | 15.00 | 12.00 | 17.00 | 10.00 | 9.00 | 9.00 | 9.00 |
| Total income | 418.00 | 646.00 | 713.00 | 755.00 | 885.00 | 901.00 | 1,127.00 | 888.00 | 1,019.00 | 1,045.00 | 1,057.00 | 476.00 | 796.00 | 900.00 | 789.00 | 680.00 |
| Cost of materials consumed | 301.00 | 476.00 | 535.00 | 586.00 | 696.00 | 706.00 | 858.00 | 677.00 | 834.00 | 794.00 | 781.00 | 360.00 | 576.00 | 658.00 | 612.00 | 528.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 11.00 | 20.00 | 14.00 | -3.00 | -9.00 | -17.00 | 12.00 | -23.00 | -65.00 | -19.00 | -4.00 | -62.00 | -6.00 | -4.00 | -40.00 | -34.00 |
| Employee benefit expense | 10.00 | 11.00 | 11.00 | 11.00 | 12.00 | 12.00 | 16.00 | 17.00 | 17.00 | 18.00 | 24.00 | 24.00 | 24.00 | 23.00 | 27.00 | 26.00 |
| Finance costs | 7.00 | 7.00 | 9.00 | 8.00 | 10.00 | 11.00 | 11.00 | 13.00 | 17.00 | 14.00 | 17.00 | 16.00 | 19.00 | 18.00 | 16.00 | 17.00 |
| Depreciation and amortisation | 7.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 8.00 | 12.00 | 13.00 | 14.00 | 15.00 | 16.00 | 16.00 | 17.00 | 18.00 | 19.00 |
| Other expenses | 45.00 | 56.00 | 59.00 | 62.00 | 59.00 | 70.00 | 83.00 | 71.00 | 84.00 | 88.00 | 90.00 | 78.00 | 89.00 | 98.00 | 98.00 | 86.00 |
| Total expenses | 381.00 | 578.00 | 634.00 | 671.00 | 776.00 | 790.00 | 986.00 | 768.00 | 899.00 | 909.00 | 923.00 | 432.00 | 717.00 | 810.00 | 731.00 | 642.00 |
| Profit before exceptional items and tax | 37.00 | 68.00 | 78.00 | 84.00 | 109.00 | 111.00 | 141.00 | 119.00 | 120.00 | 135.00 | 133.00 | 45.00 | 79.00 | 90.00 | 58.00 | 38.00 |
| Exceptional items | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -10.00 | 0.00 | -7.00 | 0.00 |
| Profit before tax | 37.00 | 67.00 | 78.00 | 84.00 | 109.00 | 111.00 | 141.00 | 119.00 | 120.00 | 135.00 | 133.00 | 45.00 | 68.00 | 90.00 | 51.00 | 38.00 |
| Current tax | 0.00 | 0.00 | 23.00 | 21.00 | 27.00 | 28.00 | 34.00 | 29.00 | 29.00 | 32.00 | 32.00 | 8.00 | 18.00 | 18.00 | 17.00 | 13.00 |
| Deferred tax | 12.00 | 23.00 | 16.00 | 0.00 | 0.00 | 0.00 | 1.00 | -1.00 | 0.00 | 1.00 | -7.00 | 5.00 | 5.00 | 6.00 | 2.00 | -0.00 |
| Tax expense | 12.00 | 23.00 | 38.00 | 21.00 | 27.00 | 28.00 | 34.00 | 28.00 | 30.00 | 33.00 | 25.00 | 13.00 | 23.00 | 24.00 | 19.00 | 12.00 |
| Profit for the period | 24.00 | 45.00 | 39.00 | 63.00 | 82.00 | 81.00 | 105.00 | 92.00 | 89.00 | 96.00 | 103.00 | 31.00 | 45.00 | 62.00 | 27.00 | 26.00 |
| Profit attributable to owners | 24.00 | 45.00 | 39.00 | — | 82.00 | 81.00 | 105.00 | 92.00 | 90.00 | 97.00 | 103.00 | 33.00 | 47.00 | — | 29.00 | 28.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -0.00 | — | 0.00 | 0.00 | -1.00 | -0.00 | -0.00 | -1.00 | -1.00 | -2.00 | 1.00 | — | -2.00 | -2.00 |
| Other comprehensive income | 0.00 | 0.00 | -1.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | -0.00 | -0.00 | 0.00 | -5.00 | 2.00 |
| Total comprehensive income | 24.00 | 45.00 | 39.00 | 63.00 | 82.00 | 81.00 | 105.00 | 92.00 | 90.00 | 97.00 | 100.00 | 31.00 | 45.00 | 63.00 | 22.00 | 28.00 |
| Earnings per share, basic | 0.62 | 1.16 | 1.01 | 1.60 | 2.05 | 2.03 | 2.56 | 2.23 | 2.12 | 2.29 | 2.44 | 0.77 | 1.10 | 1.33 | 0.67 | 0.66 |
| Earnings per share, diluted | 0.62 | 1.16 | 1.01 | 1.60 | 2.05 | 2.03 | 2.56 | 2.23 | 2.12 | 2.29 | 2.44 | 0.77 | 1.10 | 1.33 | 0.67 | 0.66 |
Annual results, as filed
| Line | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|
| Revenue from operations | 1,178.00 | 2,068.00 | 3,644.00 | 3,963.00 | 2,916.00 |
| Other income | 3.00 | 5.00 | 25.00 | 44.00 | 46.00 |
| Total income | 1,182.00 | 2,073.00 | 3,668.00 | 4,008.00 | 2,961.00 |
| Cost of materials consumed | 917.00 | 1,580.00 | 2,846.00 | 3,086.00 | 2,207.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -20.00 | -6.00 | -17.00 | -110.00 | -113.00 |
| Employee benefit expense | 34.00 | 42.00 | 51.00 | 77.00 | 97.00 |
| Finance costs | 18.00 | 29.00 | 41.00 | 60.00 | 70.00 |
| Depreciation and amortisation | 23.00 | 25.00 | 28.00 | 54.00 | 67.00 |
| Other expenses | 134.00 | 200.00 | 274.00 | 333.00 | 362.00 |
| Total expenses | 1,106.00 | 1,870.00 | 3,224.00 | 3,500.00 | 2,690.00 |
| Profit before exceptional items and tax | 76.00 | 203.00 | 445.00 | 508.00 | 272.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -18.00 |
| Profit before tax | 76.00 | 203.00 | 445.00 | 508.00 | 254.00 |
| Current tax | 0.00 | 23.00 | 110.00 | 123.00 | 61.00 |
| Deferred tax | 26.00 | 57.00 | 1.00 | -8.00 | 18.00 |
| Tax expense | 26.00 | 80.00 | 111.00 | 116.00 | 79.00 |
| Profit for the period | 50.00 | 121.00 | 331.00 | 380.00 | 184.00 |
| Profit attributable to owners | 50.00 | 121.00 | 332.00 | 382.00 | 171.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -1.00 | -2.00 | -5.00 |
| Other comprehensive income | 0.00 | -0.00 | 1.00 | -2.00 | -5.00 |
| Total comprehensive income | 50.00 | 121.00 | 332.00 | 378.00 | 178.00 |
| Earnings per share, basic | 1.28 | 3.12 | 8.24 | 9.08 | 4.02 |
| Earnings per share, diluted | 1.28 | 3.12 | 8.24 | 9.08 | 4.02 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 1,271.00 | 1,634.00 | 2,077.00 | 2,940.00 | 3,946.00 | 3,999.00 | 4,137.00 | 4,712.00 |
| Non-current assets | 528.00 | 551.00 | 624.00 | 977.00 | 1,032.00 | 1,441.00 | 1,527.00 | 2,003.00 |
| Current assets | 743.00 | 1,083.00 | 1,453.00 | 1,963.00 | 2,914.00 | 2,558.00 | 2,610.00 | 2,709.00 |
| Property, plant and equipment | 397.00 | 435.00 | 462.00 | 619.00 | 653.00 | 763.00 | 716.00 | 809.00 |
| Capital work-in-progress | 41.00 | 27.00 | 23.00 | 53.00 | 86.00 | 66.00 | 117.00 | 266.00 |
| Goodwill | 20.00 | 20.00 | 20.00 | 94.00 | 94.00 | 94.00 | 94.00 | 94.00 |
| Other intangible assets | 10.00 | 10.00 | 9.00 | 118.00 | 80.00 | 115.00 | 186.00 | 102.00 |
| Inventories | 435.00 | 491.00 | 690.00 | 983.00 | 1,034.00 | 769.00 | 1,118.00 | 1,079.00 |
| Trade receivables | 104.00 | 213.00 | 352.00 | 491.00 | 522.00 | 815.00 | 562.00 | 757.00 |
| Cash and cash equivalents | 7.00 | 117.00 | 40.00 | 123.00 | 763.00 | 441.00 | 364.00 | 217.00 |
| Total equity and liabilities | 1,271.00 | 1,634.00 | 2,077.00 | 2,940.00 | 3,946.00 | 3,999.00 | 4,137.00 | 4,712.00 |
| Equity | 720.00 | 803.00 | 1,051.00 | 1,632.00 | 2,571.00 | 2,768.00 | 2,801.00 | 2,987.00 |
| Equity share capital | 387.00 | 387.00 | 399.00 | 412.00 | 424.00 | 424.00 | 424.00 | 427.00 |
| Other equity | 333.00 | 416.00 | 651.00 | 1,204.00 | 2,131.00 | 2,330.00 | 2,366.00 | 2,551.00 |
| Total liabilities | 551.00 | 831.00 | 1,026.00 | 1,308.00 | 1,375.00 | 1,232.00 | 1,336.00 | 1,726.00 |
| Non-current liabilities | 27.00 | 54.00 | 45.00 | 54.00 | 56.00 | 71.00 | 90.00 | 371.00 |
| Current liabilities | 524.00 | 777.00 | 981.00 | 1,255.00 | 1,319.00 | 1,161.00 | 1,246.00 | 1,355.00 |
| Borrowings, non-current | 23.00 | 19.00 | 10.00 | 8.00 | 11.00 | 27.00 | 24.00 | 255.00 |
| Borrowings, current | 210.00 | 269.00 | 364.00 | 330.00 | 428.00 | 457.00 | 699.00 | 682.00 |
| Trade payables | 200.00 | 198.00 | 320.00 | 553.00 | 450.00 | 408.00 | 321.00 | 398.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -57.00 | 78.00 | -93.00 | -19.00 | 9.00 | 104.00 | -122.00 | 9.00 |
| Net cash from investing activities | -59.00 | -122.00 | -154.00 | -465.00 | -245.00 | -608.00 | -115.00 | -688.00 |
| Net cash from financing activities | 82.00 | 121.00 | 169.00 | 489.00 | 877.00 | 822.00 | 161.00 | 454.00 |
| Purchase of property, plant and equipment | 35.00 | 73.00 | 44.00 | 125.00 | 78.00 | 508.00 | 96.00 | -535.00 |
| Net increase in cash | -34.00 | 76.00 | -77.00 | 5.00 | 641.00 | 318.00 | -76.00 | -224.00 |
| con:CFO.BEFORE_TAX | -57.00 | 87.00 | -44.00 | 89.00 | 87.00 | 219.00 | -48.00 | 128.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -13.00 | 0.00 | -15.00 | -26.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
| con:TAX_PAID.OPERATING | -0.00 | 9.00 | 49.00 | 109.00 | 65.00 | 115.00 | 52.00 | 91.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -6.00 | -1.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 3.00 | 4.00 | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 47.00 | 0.00 | 296.00 | 0.00 | 0.00 | 0.00 | -2.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 6.00 | 0.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-12-04 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-07-12 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-19 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 72.37 | 70.12 | 70.12 | 70.12 | 68.11 | 68.11 | 68.11 | 68.11 | 68.11 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| Domestic institutions | 0.89 | 2.05 | 1.92 | 0.92 | 2.31 | 1.99 | 1.74 | 1.71 | 1.39 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Mutual funds | — | — | — | — | — | — | — | — | 1.31 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Insurance companies | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | 0.08 | 0.00 | 0.01 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 0.88 | 1.26 | 2.28 | 4.14 | 5.34 | 3.45 | 3.45 | 3.86 | 4.45 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 27.63 | 29.88 | 29.88 | 29.88 | 31.89 | 31.89 | 31.89 | 31.89 | 31.89 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Non-institutional | 25.87 | 26.57 | 25.68 | 24.82 | 24.24 | 26.45 | 26.71 | 26.32 | 26.06 | 0.26 | 0.26 | 0.26 | 0.27 | 0.27 |
| Shares outstanding | 399487030 | 412293625 | 412293625 | 412293625 | 424498049 | 424498049 | 424498049 | 424498049 | 424498049 | 424498049 | 427370389 | 427370389 | 427370389 | 427370389 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| JUPITER TATRAVAGONKA RAILWHEEL FACTORY PRIVATE LIMITED | SUBSIDIARY | Investment, Purchase of goods or services, Sale of g | 5,589,427,000.00 | 3 |
| JUPITER ELECTRIC MOBILITY PRIVATE LIMITED | SUBSIDIARY | Investment | 200,000,000.00 | 1 |
| JWL DAKO-CZ (INDIA) PRIVATE LIMITED | JOINT VENTURE | Advance, Any other transaction | 74,700,000.00 | 2 |
| VIVEK LOHIA | MANAGING DIRECTOR - KMP | Remuneration | 29,572,000.00 | 1 |
| KARISMA GOODS PRIVATE LIMITED | ASSOCIATES | Any other transaction | 15,900,000.00 | 1 |
| JWL KOVIS (INDIA) PRIVATE LIMITED | JOINT VENTURE | Any other transaction, Sale of goods or services | 14,546,000.00 | 2 |
| VIKASH LOHIA | WHOLE TIME DIRECTOR - KMP | Remuneration | 8,913,000.00 | 1 |
| RITU LOHIA | RELATIVE OF KMP | Advance, Any other transaction, Remuneration | 4,431,000.00 | 3 |
| MURARI LAL LOHIA | RELATIVE OF KMP | Any other transaction | 3,600,000.00 | 2 |
| ABHISHEK JAISWAL | WHOLE TIME DIRECTOR - KMP | Remuneration | 3,333,000.00 | 1 |
| SANJIV KESHRI | CHIEF FINANCIAL OFFICER - KMP | Remuneration | 3,320,000.00 | 1 |
| SWAPAN KUMAR CHOUDHARY | WHOLE TIME DIRECTOR - KMP | Remuneration | 1,989,000.00 | 1 |
| RITESH KUMAR SINGH | COMPANY SECRETARY - KMP | Remuneration | 1,800,000.00 | 1 |
| ANISH CONSULTANTS & CREDITS PVT. LTD. | ASSOCIATES | Interest received | 1,655,000.00 | 1 |
| HABITATION REALESTATE LLP | SUBSIDIARY | Any other transaction | 1,200,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-21 | Q1FY27 | Read the call | |
| 2026-06-04 | Q4FY26 | Read the call | |
| 2026-02-17 | Q3FY26 | Read the call | |
| 2025-11-17 | Q2FY26 | Read the call | |
| 2025-08-19 | Q1FY26 | Read the call | |
| 2025-05-23 | Q4FY25 | Read the call | |
| 2025-02-04 | Q3FY25 | Read the call | |
| 2024-11-15 | Q2FY25 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2024-07-31 | Q1FY25 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2024-05-14 | Q4FY24 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2024-02-07 | Q3FY24 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2023-11-02 | Q2FY24 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2023-08-14 | Q1FY24 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2023-06-01 | Q4FY23 | JUPITER WAGONS LIMITED, WAGONS LIMITED | Read the call |
| 2023-02-22 | Q3FY23 | WAGONS LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | I understand as per the national logistics policy and the railway policy, there will be a catalyst for the private player to do capex in the wagons. | February 02, 2024 And our target is that with the additional capex, we will go up to about 1000 wagons. | Capital expenditure expected to surpass Rs. | — | And what is the total CAPEX that we are looking to do for FY24, is there any CAPEX left for brake systems or brake disc and you did mention the increa… | What is the kind of capacity you're looking at or the kind of Capex you require to achieve this capacity? | My first question is on the CAPEX that we are doing on the wheel set approximately Rs.200 crores investment. | If you could talk about the capex and timeline of this process, whether it will be a separate JV or we have a strategic partnership? |
| Capital allocation | We are also hopeful to complete the acquisition of Stone India in the coming quarter. | — | This acquisition grants us full control over proprietary battery technology, positioning us at the forefront of India's transformation to electric tru… | — | Recognizing this performance our Board of Directors has recommended the maiden dividend for the company of Re. | Further, the integration process following the acquisition of Stone India is progressing smoothly and remains on track. | — | — |
| Costs | No, you will not see any volatility as you may be aware that for us the raw material is a pass through, so we are not significantly impacted if the ra… | The addition of the Jabalpur unit is expected to result in significant cost savings, especially in freight expenses. | — | — | — | — | — | The last quarter, it wasn't on account of wheelsets so much, but on account of availability of other raw materials, mainly consumables, which caused t… |
| Debt and cash | From this large railway order what kind of working capital days is what we are looking at? | The gross debt, if you see, we are net debt-free because the around INR 300 crores is the short- term borrowings we have right now in books. | — | — | The funds raised through QIP will be utilized for the acquisition of Stone India, working capital optimization another corporate purpose thereby fueli… | So this is the reason that you are finding that there is a cash used around INR 6 crores in the operating cash flow. | One is on the rail being an axle project and another is on consolidated cash flow statement which could be a housekeeping question. | — |
| Demand | Our order book position for the quarter stands at Rs.5,700 Crores as on December 31, 2022. | This continued thrust by the Government, supported by greater investments and participation by the private sector, is leading to accelerated investmen… | Jupiter Wagons Limited January 30, 2025 Our order book stood at Rs 6,320 crore as of December 31st, 2024, reinforcing our growth potential and providi… | Our order book remains robust, providing strong visibility for the quarters ahead. | We are highly excited about our growth prospects given the unprecedented investment lined up across the country to address the shortfall in infrastruc… | As a result, demand for freight wagons is expected to witness substantial and sustained growth. | We have been focusing on execution of our private order books, which fortunately for us, because of our subsidiary Jupiter Tatravagonka, we have been … | We enter FY27 with an order book of INR4,675 crore, providing healthy revenue visibility and reaffirming customer confidence in our capabilities and e… |
| Guidance | The plant will be fully operational by March, and we expect to be favorably positioned for the tenders, which are due to be finalized in the next one … | We anticipate a sustained growth momentum in the demand for wagon, passenger coaches and metro coaches. | The outlook for the sector remains bright, particularly with expectations that the 2025-2026 Union budget will drive a transformative leap for Indian … | We are very confident on that segment, and we expect a lot of traction in that segment in calendar year 2026 and 2027, both years, we expect very stro… | We expect to scale up order bookings and generate annual revenues of Rs. | Additionally, plans are underway to expand our brake system and braking business, further enhancing our outlook for the coming year. | And secondly, on the outlook for FY26 this year, we lag behind our own sales guidance, particularly in the wagon side. | But however, we expect the Jupiter Wagons Limited June 01, 2026 orders very shortly. |
| Margin | EBITDA for the quarter grew by 239% and the EBITDA margin improved to 12.8% from 8.1% in Q3 last year an improvement of 470 basis points. | Our strategic focus on improving backward integration, reducing freight costs, and implementing production efficiency measures are designed to further… | EBITDA grew by 19.5% year-on-year to Rs. | EBITDA for the quarter was INR116 crore, up 12% from Q2, with EBITDA margins sustained at a healthy 13%. | May 26,2023 improve upon our industry-leading margin profile. | Can you all give some more color on the kind of capacity expansion that we will be doing in terms of how many wheels sets you will be able to manufact… | On the EBITDA margins, since we've clocked about 14.5% for FY25, do we see the margins normalizing in this range or is there room for improvement? | EBITDA stood at INR363 crore, translating into a margin of 12.4%. |
| People | Last question, what is your current capacity utilization? | On the utilization side, around INR 90 crores has been utilized against this QIP amount. | — | — | — | So can you please put some color on the purpose of raising those funds like what are the exact plan for the utilization of these funds? | I think that has been a projection when we reach the capacity and we are looking to close to about 80% of plant utilization. | — |
| Pricing | — | The pricing is as per our expectations, and we will continue to maintain the margins what we have projected on the pricing. | — | Lastly, I would like to understand whether wheelset pricing in the range of INR 2.5 lakh to INR 3 lakh is viable for exports.? | — | Compared to freight per wheel set, both in terms of the pricing and definitely in terms of margins because these are more complicated wheel sets. | — | The challenge is in respect to the pricing compared to China, pricing in India is not sustainable for large-scale production to match the internationa… |
| Revenue growth | We are not only making one type, unlike some other players; we are making different and various kinds of wagons because lot of wagons are different ma… | So, initially, you know, we had guided that, you know, both businesses combined will be generating a top line of around INR100 crores this year and wi… | We are pleased to report strong Operational and Financial Performance for the quarter, driven by consistent revenue growth, improved profitability and… | — | Currently we have a high visibility in terms of our growth at nearly three times the annual revenue of Rs. | Just a clarification on, like you mentioned in this year, we will close to around INR300 crores kind of top line. | But sir, I think if I remember correctly we are looking for Rs.8,000 crores to Rs.10,000 crores kind of top line by FY28 and to achieve that we must b… | — |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2023-11-02 | Q2FY24 | JUPITER WAGONS LIMITED | We expect to commence operations in Q4. For the Dako JV we are anticipating 2 to 3 tenders to be launched in the next few months from which we anticipate orders of around Rs.200 Crores for braking systems for LHB coaches. |
| 2024-07-31 | Q1FY25 | JUPITER WAGONS LIMITED | We aim for a turnover of INR 400 crores from BIPL for FY '24-'25. |
| 2024-11-15 | Q2FY25 | JUPITER WAGONS LIMITED | November 11, 2024 complementary segments are on track to become a core part of our business, and we anticipate that non-wagon revenue will contribute approximately 50% of our revenue within the next 4 years. |
| 2024-11-15 | Q2FY25 | JUPITER WAGONS LIMITED | So, all the 3 JVs combined in FY '25, we are looking at turnover as I've already mentioned earlier, our numbers will be about anything between INR300 crores to INR500 crores of revenues we expect from all the 3 JVs. |
| 2024-11-15 | Q2FY25 | JUPITER WAGONS LIMITED | By FY '27 end, as we have clearly mentioned that we expect our non-wagon revenues to be close to as much as about 50% of our total revenue book. |