Top 8 Railway Stocks Ranked By Order Book Value

Railway stocks have been the stocks to watch out for over the past year. From RVNL to IRCON to RITES all have given incredible returns over the past year.

While several factors from the government’s increased focus to valuation catch-up are responsible for fueling this rally, one of the most important factors has been the order inflows experienced by these companies. Here we look at the top railway companies in terms of the orders they have in hand.

RVNL

At the top of this mountain is Rail Vikas Nigam Limited. The company’s order book is over ₹85,000 crore. It saw order inflows of over ₹20,000 crore last year. In the past year, the stock has surged over 200%.

Titagarh Rail Systems

The first private firm to feature on the list is Titagarh Railway Systems. The company’s order book stood at ₹28,076 crore. Standalone order book accounts for ₹14,750 crore, while the company’s share of order book in joint ventures stood at ₹13,326 crore. Over the past year, the stock has surged over 200%.

IRCON

Next in line is IRCON. The company has an order book of ₹27,208 crore. This is however lower than the ₹35,195 crore order book it reported at the end of March 2023. Over the past year, the stock has surged over 200%.

See Also: Top 15 Defence Stocks Ranked By Order Book Value

Texmaco Rail & Engineering

At number 4, we have another private firm. Texmaco’s order book stands at around ₹8,000 crore. The freight car division amounts to the bulk of it at around ₹5,500 crores. The stock has surged close to 200% over the past year.

Jupiter Wagons

Following up is Jupiter Wagons. The company’s order book is at ₹7,101.66 crore. The company bagged orders worth around ₹1,500 crore in the March quarter. Over the past year, the stock has surged 300%.

RITES

At number 6, we have another PSU. Rites order book stands at ₹5,690 crore. The company secured more than 100 orders (including extension of works) worth more than ₹940 crore in the March quarter. Over the past year, the stock has surged over 86%.

Railtel

Railtel’s orderbook stands at around ₹4,700 crore. Over the past year, the stock has surged over 200%.

Oriental Rail Infra

To conclude this list we have the smallest company out of the lot, but one that has outperformed all the above at the bourses. The small-cap railway company has an orderbook of ₹1,549.52 crore. The stock has surged over 500% over the past year. It has a market cap of around ₹1,700 crore.

Read next: Top Dividend Paying Railway Stocks In FY2024

Note: Data as of March 2024.

Image generated using DALL-E.