Titagarh Rail Systems balance sheet

As of Mar 2026

Total assets: ₹4,039cr+7.4% on Mar 2025
Shareholders' equity: ₹2,457cr−1.1% on Mar 2025
Total debt: ₹522cr−1.4% on Mar 2025
Cash and investments: ₹162cr+540.5% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	1,084	831	648	—
	71.6	39.6	108	—
	3.2	8.2	8.2	—
	80.9	153	92.4	—
	120	82.4	65.8	—
	225	247	161	—
	54.6	52.4	49.7	—
	25.0	80.2	52.9	—
	79.5	133	103	—
	34.7	26.3	0.0	—
	135	63.6	57.4	—
	1,833	1,583	1,242	—
	588	523	524	—
	630	671	533	—
	162	25.3	329	—
	155	442	280	—
	648	142	17.7	—
	1,595	1,281	1,159	—
	—	375	304	—
	2,183	2,179	1,987	—
	23.2	0.0	0.0	—
	4,039	3,762	3,229	—
Equity
	26.9	26.9	26.9	—
	2,429	2,456	2,204	—
	2,456	2,483	2,231	—
	1.0	1.2	0.0	—
	2,457	2,484	2,231	—
Liabilities
	170	24.9	37.4	—
	199	92.9	93.7	—
	369	118	131	—
	8.7	6.5	3.5	—
	—	18.8	10.6	—
	—	37.5	123	—
	378	181	268	—
	352	504	28.9	19,970
	330	235	319	—
	295	45.0	32.0	—
	977	784	380	—
	193	24.8	16.7	—
	—	7.4	13.4	—
	34.5	281	320	—
	1,205	1,098	730	—
	1,582	1,278	998	—
	4,039	3,762	3,229	—
Trade payables — MSME split
	69.1	43.3	—	—
	261	192	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TITAGARH₹664.80

Titagarh Rail Systems Ltd.

· Capital Goods & Defence

₹ CrorePeersTEXRAIL JWL BEML TIMKEN TEGA USHAMART TARIL SYRMAMcap ₹8,952 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	—	647.6	830.8	1,083.7	1,083.7
+ Capital Work-in-Progress	—	107.8	39.6	71.6	71.6
+ Investment Property	—	8.2	8.2	3.2	3.2
+ Other Intangibles	—	92.4	152.8	80.9	80.9
+ Intangibles under Development	—	65.8	82.4	120.1	120.1
+ Investments (Equity Method)	—	160.6	246.8	224.5	224.5
+ Non-current Investments	—	49.7	52.4	54.6	54.6
+ Other Non-current Financial Assets	—	52.9	80.2	25.0	25.0
Non-current Financial Assets	—	102.6	132.6	79.5	79.5
+ Deferred Tax Assets	—	0.0	26.3	34.7	34.7
+ Other Non-current Assets	—	57.4	63.6	135.0	135.0
Total Non-current Assets	—	1,242.3	1,583.1	1,833.2	1,833.2
Current Assets
+ Inventories	—	523.7	523.3	588.2	588.2
+ Trade Receivables	—	532.5	670.9	629.8	629.8
+ Cash & Cash Equivalents	—	329.0	25.3	161.9	161.9
+ Other Bank Balances	—	280.1	442.1	155.3	155.3
+ Other Current Financial Assets	—	17.7	142.5	647.6	647.6
Current Financial Assets	—	1,159.3	1,280.7	1,594.6	1,594.6
+ Other Current Assets	—	303.8	375.1	—	—
Total Current Assets	—	1,986.8	2,179.2	2,182.7	2,182.7
+ Assets Held for Sale	—	0.0	0.0	23.2	23.2
Total Assets	—	3,229.1	3,762.3	4,039.2	4,039.2
Equity
+ Equity Share Capital	—	26.9	26.9	26.9	26.9
+ Other Equity / Reserves	—	2,204.1	2,456.0	2,428.8	2,428.8
Equity — Owners of Parent	—	2,231.1	2,483.0	2,455.7	2,455.7
+ Minority Interest	—	0.0	1.2	1.0	1.0
Total Equity	—	2,231.1	2,484.2	2,456.7	2,456.7
Liabilities
+ Borrowings — Non-current	—	37.4	24.9	170.0	170.0
+ Other Non-current Financial Liab	—	93.7	92.9	199.2	199.2
Non-current Financial Liabilities	—	131.1	117.8	369.2	369.2
+ Provisions — Non-current	—	3.5	6.5	8.7	8.7
+ Deferred Tax Liabilities	—	10.6	18.8	—	—
+ Other Non-current Liabilities	—	122.8	37.5	—	—
Non-current Liabilities	—	268.0	180.5	377.8	377.8
+ Borrowings — Current	19,969.9	28.9	504.4	351.9	351.9
+ Trade Payables	—	319.4	235.0	330.0	330.0
+ Other Current Financial Liab	—	32.0	45.0	294.8	294.8
Current Financial Liabilities	—	380.3	784.4	976.7	976.7
+ Provisions — Current	—	16.7	24.8	193.4	193.4
+ Current Tax Liabilities	—	13.4	7.4	—	—
+ Other Current Liabilities	—	319.6	281.1	34.5	34.5
Current Liabilities	—	730.0	1,097.6	1,204.6	1,204.6
Total Liabilities	—	998.1	1,278.1	1,582.4	1,582.4
Total Equity & Liabilities	—	3,229.1	3,762.3	4,039.2	4,039.2
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	43.3	69.1	69.1
+ Dues to Other Creditors — Current	—	—	191.7	260.9	260.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.