Infrastructure company Texmaco Rail & Engineering Ltd announced on Friday, January 9, the receipt of two separate domestic orders cumulatively valued at over ₹126.27 crore, strengthening its order book in the freight wagon segment. Both contracts involve the supply of specialized railway wagons with delivery timelines extending into 2026.

Order Details and Specifications

The company secured two significant contracts from different logistics providers, each focusing on freight wagon supply with specific technical requirements.

Contract Execution Timeline

The first order, placed by IVC Logistics, is worth ₹62.21 crore excluding taxes and involves the supply of rakes of ACT1 wagons along with BVCM Design-C wagons. This contract is scheduled for completion by August 2026. The second order from APL Logistics Vascor Automotive is valued at ₹64.06 crore, excluding taxes, for the supply of rakes of ACT1 wagons along with BVCM-type brake vans, with delivery expected by September 2026.

Regulatory Compliance and Market Performance

Both orders are domestic in nature and do not fall under related party transactions. In a regulatory exchange filing, the company clarified that neither the promoter nor the promoter group has any interest in the entities awarding the contracts. This transparency ensures compliance with corporate governance standards and maintains investor confidence.

Shares of the company settled at ₹126.45 apiece, which was 1.94% lower than the day's opening on BSE. Despite the intraday decline, the announcement of new orders demonstrates the company's continued ability to secure business in the freight wagon segment.

Recent Order Book Expansion

This latest announcement follows the company's previous success in September 2025, when it secured an order worth ₹86.85 crore from Ultratech Cement Limited to supply BCFC wagons along with a brake van. The consistent flow of orders indicates strong demand for the company's railway wagon manufacturing capabilities and reinforces its position in the infrastructure sector.

Texmaco Rail & Engineering Ltd has secured three significant railway orders worth ₹130 crores, adding to its substantial order book of ₹6,369 crores. The small-cap railway infrastructure company, with a market capitalization of ₹5,137 crores, continues to strengthen its position in the domestic railway sector through these new contract wins.

Major Order Wins

The company announced three distinct orders that collectively amount to ₹130 crores:

The largest contracts involve the supply of railway wagons, specifically ACT1 wagons and BVCM brake vans, demonstrating the company's expertise in rolling stock manufacturing. The third order from East Coast Railways focuses on implementing bird prevention systems according to RDSO guidelines.

Robust Order Book Composition

As of September 2025, Texmaco Rail & Engineering's order book stands at ₹6,369 crores, diversified across multiple segments:

Financial Performance Analysis

The company's Q2FY26 financial results present a mixed picture, reflecting both challenges and growth opportunities:

Despite the year-on-year decline in revenue and net profit, the company demonstrated strong sequential growth with revenue increasing 38% and net profit surging 120% compared to Q1FY26.

Long-term Growth Trajectory

Texmaco Rail & Engineering has delivered impressive long-term performance metrics:

• 3-year Profit CAGR: 128%
• 3-year Sales CAGR: 41%
• Stock Performance: 31% compounded returns over 3 years and 33% over 5 years
• Valuation: PE ratio of 24, below industry average of 31

Company Profile

Texmaco Rail & Engineering Limited, part of the Adventz Group, operates as an engineering and infrastructure company since its incorporation in 1998. Headquartered in Kolkata, the company specializes in manufacturing rolling stock, hydro-mechanical equipment, and steel castings, while also executing Rail EPC, bridge, and steel structure projects. The diversified business model positions the company to capitalize on India's expanding railway infrastructure development initiatives.