Texmaco Rail & Engineering is targeting 10–15% revenue growth in the current financial year, supported by a strong order pipeline and increasing demand across freight rolling stock, railway infrastructure and electrical projects.
The company’s order book has expanded sharply, reaching around ₹11,200 crore, providing substantial revenue visibility over the coming quarters. The order pipeline has also become more diversified, with growing contributions from private-sector customers and export markets.
Strong order inflows support outlook
Texmaco secured more than ₹5,200 crore of new orders during Q1 FY27, covering freight rolling stock, railway signalling, electrification and transmission infrastructure. The fresh wins lifted its consolidated order book to ₹9,923 crore as of June 30, 2026, before subsequent additions took the pipeline higher.
Freight cars remain the largest component of the order book, accounting for about 62.3%, while infrastructure–electrical projects contributed 18.2%, rail and green-energy infrastructure 9.9%, and other subsidiaries and joint ventures made up the remainder.
Private and export orders gain importance
One of the most significant changes in Texmaco’s business mix has been the rising share of private-sector and international orders. Management is increasingly focusing on customers beyond Indian Railways, helping diversify revenue sources and reduce dependence on a single customer segment.
The company is also pursuing opportunities in overseas markets, with its South African wagon contract expected to provide a significant contribution to revenue in the coming financial year. The order includes wagon supplies as well as a long-term maintenance component.
New businesses to drive future growth
Beyond conventional freight wagons, Texmaco is expanding into railway signalling, electrification, wheelsets, braking systems, predictive maintenance, metro and passenger rolling stock. The company is also developing capabilities in technology-led railway solutions, including Kavach and other signalling systems.
These newer businesses are expected to broaden the company’s addressable market and support its longer-term ambition of substantially increasing revenue and improving margins.
Q1 performance remains mixed
Texmaco reported Q1 FY27 revenue of roughly ₹753 crore, down about 17% year-on-year, reflecting lower volumes and operational challenges. However, profitability improved significantly, with EBITDA at approximately ₹81 crore and profit after tax rising about 86% year-on-year to ₹52 crore.
The company believes stronger order execution, improved operating efficiency and the contribution from newer businesses can support a recovery in revenue growth.
With a substantially larger order pipeline, increasing private and export exposure and diversification into higher-value railway technologies, Texmaco is positioning its order book as the key driver of double-digit growth in the current year.