India’s railway infrastructure is witnessing massive growth, and listed companies are riding the momentum with robust order pipelines. In this article, we spotlight five railway stocks that hold strong order books nearing Rs. 1,00,000 crore as of March 2025. These companies reflect the sector’s growth potential and could be key players in the nation’s transport transformation.
Here are a few Railway stocks with order books up to Rs. 1 lakh crore
With a market capitalization of Rs. 84,839.47 crore, the shares of Rail Vikas Nigam Limited closed at Rs. 406.90 per equity share, down nearly 4.19 percent from its previous day’s close price of Rs. 413.05.
As of March 2025, RVNL’s total order book stands at approximately Rs. 1 lakh crore. Out of this, Rs. 45,000 crore comes from assigned projects by Indian Railways, while the remaining Rs. 55,000 crore comes from projects secured through competitive bidding.
Rail Vikas Nigam Limited’s revenue has decreased from Rs. 6,714 crore in Q4 FY24 to Rs. 6,427 crore in Q4 FY25, which is a drop of 4.27 percent. The net profit has decreased by 3.97 percent, from Rs. 478 crore in Q4 FY24 to Rs. 459 crore in Q4 FY25.
With a market capitalization of Rs. 12,161.04 crore, the shares of Titagarh Rail Systems Limited closed at Rs. 903 per equity share, down nearly 1.19 percent from its previous day’s close price of Rs. 913.90.
As of March 31, 2025, Titagarh Rail Systems Limited recorded a total order book of approximately Rs. 24,526 crore. This includes Rs. 6,850 crore (62 percent) from passenger rolling stock and Rs. 4,350 crore (38 percent) from freight rolling stock.
Additionally, the company’s joint ventures had a combined order share of Rs. 13,326 crore. Of this, Rs. 7,026 crore (53 percent) came from the Vande Bharat project with BHEL, and Rs. 6,300 crore (47 percent) from the wheelset JV with Ramakrishna Forgings Ltd.
Titagarh Rail Systems Limited’s revenue has increased from Rs. 1,052 crore in Q4 FY24 to Rs. 1,006 crore in Q4 FY25, which has grown by 4.57 percent. The net profit has decreased by 18.99 percent, from Rs. 79 crore in Q4 FY24 to Rs. 64 crore in Q4 FY25.
With a market capitalization of Rs. 19,036.04 crore, the shares of Ircon International Limited closed at Rs. 202.40 per equity share, down nearly 1.91 percent from its previous day’s close price of Rs. 206.35.
As of March 31, 2025, the company’s total order book stands at Rs. 20,347 crore. Of this, 76 percent (Rs. 15,435 crore) is from Railways, 22 percent (Rs. 4,541 crore) from Highways, and 2 percent (Rs. 371 crore) from other sectors.
Ircon International Limited’s revenue has decreased from Rs. 3,787 crore in Q4 FY24 to Rs. 3,412 crore in Q4 FY25, which is a drop of 9.90 percent. The net profit has also decreased by 14.17 percent, from Rs. 247 crore in Q4 FY24 to Rs. 212 crore in Q4 FY25.
With a market capitalization of Rs. 13,968.75 crore, the shares of Rites Limited closed at Rs. 290.65 per equity share, up nearly 0.48 percent from its previous day’s close price of Rs. 289.25.
As of March 31, 2025, the company’s total order book stood at Rs. 8,877 crore. Key segments include Rs. 4,235 crore from turnkey projects, Rs. 2,982 crore from consultancy, Rs. 1,360 crore from exports, Rs. 180 crore from leasing, and Rs. 120 crore from REMC Ltd.
Rites Limited’s revenue has decreased from Rs. 643 crore in Q4 FY24 to Rs. 615 crore in Q4 FY25, which is a drop of 4.35 percent. The net profit has increased by 2.92 percent, from Rs. 137 crore in Q4 FY24 to Rs. 141 crore in Q4 FY25.
With a market capitalization of Rs. 6,723.03 crore, the shares of Texmaco Rail and Engineering Limited closed at Rs. 168.30 per equity share, up nearly 0.78 percent from its previous day’s close price of Rs. 167.
As of March 2025, the company’s order book stands at around Rs. 7,000 crore. The largest share, 49 percent, comes from the Freight Car Division, followed by Infra-Electrical at 24 percent, Infra-Rail & Green Energy at 10.4 percent, Steel Foundry at 2 percent, Components at 0.2 percent, and Others at 14 percent.
Texmaco Rail and Engineering Limited’s revenue has increased from Rs. 1,145 crore in Q4 FY24 to Rs. 1,346 crore in Q4 FY25, which has grown by 17.55 percent. The net profit has decreased by 13.33 percent, from Rs. 45 crore in Q4 FY24 to Rs. 39 crore in Q4 FY25.
Written By – Nikhil Naik
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The Cabinet approves the PM Dhan-Dhaanya Krishi Yojana, a new scheme aimed at boosting farming in 100 low-performing agricultural districts across India.
The scheme commences in FY26 and will run for six years, with an annual budget of Rs 24,000 crore, covering 1.7 crore farmers.
Thirty-six existing schemes from 11 ministries will be merged to ensure better coordination and impact at the district level.
At least one district from each state will be selected, focusing on areas with low farm output, limited crop diversity, and poor access to credit.
Focus areas include improving productivity, promoting crop diversification, constructing storage facilities, expanding irrigation systems, and enhancing access to credit.
Modelled after the Aspirational District Programme, the scheme will also feature a mobile app to provide farmers with key updates and guidance.
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In a financial world where unicorns dazzle and digital platforms disrupt, it’s rare for an old lion to step forward with such quiet confidence. Yet this year, Tata Capital, the financial services arm of the 156-year-old Tata Group, is doing just that — preparing to make its public debut with a ₹17,200 crore (approx. $2 billion) Initial Public Offering (IPO).
If all goes according to plan, this could be India’s biggest IPO of 2025 — and one of its most consequential in a decade.
But the real question is not whether the Tata Capital IPO will make headlines.
It already has.
The real question is: Should you invest in it?
A Titan Steps into the Spotlight
Tata Capital, until now a powerful but privately held arm of India’s most respected business house, is set to join the stock market club — and its arrival is nothing short of seismic. Having built a ₹2.2 lakh crore ($26.4 billion) loan book and a digital-first lending ecosystem, it straddles the old and new worlds with rare poise.
It’s not just another NBFC (non-banking financial company); it’s the financial soul of the Tata Group — embedded in everything from retail lending to green infrastructure finance.
Its IPO is more than a capital raise. It’s a declaration of intent: India’s financial future will be built by those who understand both trust and technology.
Tata Capital IPO Details: Unfolding a ₹17,200 Crore Play
SEBI, India’s securities regulator, has given the green light for Tata Capital’s confidential DRHP. While the exact Tata Capital IPO date hasn’t been formally announced, sources suggest an August 2025 listing.
IPO Size: ₹17,200 crore
Fresh Issue: A small portion — likely to strengthen regulatory capital
Offer for Sale (OFS): Majority stake sale by Tata Sons (the promoter)
If priced right, it will likely command a P/E multiple of 25–28x and P/B of 8–10x, according to analysts tracking the grey market.
The India Context: Why This IPO Matters
India’s capital market ecosystem has undergone a silent revolution. Over the past five years:
Retail investors have exploded from 30 million to 110 million.
Trading volumes have surged, driven by mobile-first platforms like Zerodha and Groww.
SEBI reforms, T+1 settlements, and digital KYC have made investing more democratic than ever.
And yet, despite this digital wave, there’s been a void in the middle. The fintechs are nimble, but shallow. The public sector banks are wide-reaching, but slow. Private NBFCs are often ambitious, but capital-starved.
Tata Capital sits right at the intersection of scale, trust, and speed.
This IPO, then, is not just about a company listing — it’s about an institution joining the race to define India’s financial future.
Business Model of TATA Capital IPO
Tata Capital operates across the lending spectrum:
Retail Loans: Personal, home, auto, education
SME Lending: Working capital, equipment finance
Commercial & Infra Finance: Especially renewable energy
Wealth Management: Through Tata Capital Housing and Securities
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What makes TATA capital IPO share price stand apart?
Digital Muscle: 98% customer onboarding is fully digital.
AI-Powered Decisions: Loan origination, risk scoring, customer servicing — all powered by algorithms.
Brand Power: With Shubman Gill as its ambassador and Tata’s legacy backing it, the customer recall is enormous.
And with 1,496 branches nationwide, it is not just online-first. It is omnichannel-first — and that could be a secret weapon in underbanked India.
Focusing on Green Finance & Sustainability
Tata Capital isn’t just another lender — it’s a strategic capital provider for India’s energy transition. Through its CleanTech vertical:
It has financed 17+ GW of renewable energy projects.
Helped avert 27 million tons of CO₂ emissions (as of FY24).
It aims to become a market leader in green bonds and ESG-aligned lending.
Financial Performance TATA capital
Tata Capital’s FY25 numbers are solid — not outrageous like a startup, but reassuring like a bank you’d trust.
Metric
FY24
FY25
Book Size (AUM)
₹1.58 lakh Cr
₹2.22 lakh Cr
PAT
₹3,150 Cr
₹3,665 Cr
ROE
17.6%
~10.6% (due to capital infusion & provisioning)
NPA (Gross)
~1.7%
~2.3%
Customer Base
4.5 million
7+ million
Yes, NPAs have ticked up, but that’s largely due to aggressive SME expansion and merger with Tata Motors Finance — not mismanagement.
TATA capital IPO Valuation & Peer Comparison
Compared to listed peers:
Company
P/E
P/B
ROE
Bajaj Finance
35x
6x
11.4%
L&T Finance
18x
2x
11%
Muthoot Finance
20x
2.5x
13%
Tata Capital (Est.)
~28x
~8–10x
~11%
The valuation premium Tata Capital may command is justified — for its brand equity, distribution scale, digital stack, and parentage.
Scenario-Based Tata Capital IPO Valuation
To help investors visualize upside/downside potential, here’s a Bull/Base/Bear scenario analysis for Tata Capital’s valuation and expected returns by FY27 (2 years post-listing):
Scenario
AUM CAGR
PAT FY27 (₹ Cr)
P/E
Valuation (₹ Cr)
IRR (from IPO @ ₹60K Cr)
Bull
25%
6,200
28x
₹1.74 lakh Cr
~65% CAGR
Base
18%
5,000
20x
₹1.00 lakh Cr
~28% CAGR
Bear
12%
3,700
14x
₹51,800 Cr
~–7% (loss)
Why the TATA capital IPO Is a Turning Point
The proceeds from the IPO aren’t just going into a bank account. Tata Capital plans to:
Strengthen capital adequacy for future growth
Expand its green lending portfolio (over 17 GW of clean projects financed)
Invest further in AI, automation, and underwriting engines
Possibly look at inorganic acquisitions in wealth-tech or fintech
This is a company preparing not just for a stock listing — but a financial marathon.
The Risks factors in Tata capital financial services limited IPO
Let’s not paint too rosy a picture.
Regulatory Headwinds: RBI could tighten NBFC norms, raising capital requirements or provisioning standards.
Asset Quality Pressure: Aggressive SME & affordable housing play could lead to delinquencies.
Interest Rate Cycles: Margin compression is a real threat if borrowing costs rise.
Tech Disruption: As fintechs get bolder, Tata Capital must constantly innovate to stay relevant.
But unlike flashy tech IPOs, Tata Capital’s risks are measured and known — not speculative.
Investor Sentiment: Red Hot
Unlisted shares of Tata Capital are already trading at approximately ₹900 and ₹1,050 in the grey market, implying a valuation well above ₹1 lakh crore. Institutions are circling. FPIs are interested. Mutual funds are expected to pile in as anchor investors.
Over all, broader market mood is also bullish and many IPOs are already in the market that are oversubscribed and listed in premium in the exchanges.
With the Tata name and the market mood aligning, over subscription is all but guaranteed.
Should You Invest in TATA Capital IPO?
Let’s break it down to understand if one can consider investing in TATA Capital IPO share, both pros and cons.
Invest If:
You want to own a long-term compounder with brand strength
You missed the Bajaj Finance ride and are looking for the next best thing
You believe in India’s consumption, credit, and capital market growth stories
Hold Back If:
The IPO is priced at absurd P/E > 35x
Broader markets are in correction mode
You’re purely chasing short-term listing gains
The Bigger Picture of Tata capital financial services limited IPO
Tata Capital’s IPO is more than just a ₹17,200 crore issue. It marks a generational moment — the passing of the baton from legacy to public.
It’s the signal that India’s financial backbone is no longer confined to the old walls of Bombay House. It’s ready to walk Wall Street, Bay Street, and Dalal Street — all at once.
As India’s middle-class surges, as credit demand explodes, as savings move from FDs to funds — Tata Capital is not just joining the race. It’s here to lead it.
Tata capital IPO News
Tata capital IPO has been in news since it has applied for IPO. Tata capital filed confidential IPO documents or DRHP with market regulator SEBI for IPO processing. Though TATA capital is not the first company to file confidential IPO papers, it is one of the companies to do it. Tata Play (formerly Tata Sky) a company of tata group was the first Indian company to file confidential IPO papers in India.
Disclosure: The author is not a SEBI registered research analyst and does not hold any stake in Tata Capital. Discuss with your financial analyst before investing in the IPO.
Nvidia CEO Jensen Huang has sold shares of the chipmaking giant worth approximately $36.4 million, further trimming his holdings in the company he co-founded. The move comes as Huang’s soaring net worth places him in close proximity to legendary investor Warren Buffett in global wealth rankings.
According to CNBC reports, the latest transaction involved 225,000 shares and was part of a broader trading plan adopted in March, which allows Huang to sell up to six million shares of Nvidia through the end of 2025.
He had earlier sold a separate tranche in June worth around $15 million under the same arrangement.
Last year, Huang had divested nearly $700 million worth of shares under a similar prearranged plan. Following the most recent disclosure, Nvidia shares rose by about 1% in Friday trading, CNBC reported.
The tech executive’s wealth has surged alongside Nvidia’s meteoric rise as a leader in the artificial intelligence hardware space. The company’s GPUs have become indispensable for training and running large language models, fueling massive demand from both enterprises and investors.
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As per CNBC, Huang’s net worth has jumped by over $29 billion just in 2025 so far, marking a gain of more than 25%. Bloomberg’s Billionaires Index estimates his fortune at $143 billion, placing him nearly neck and neck with Berkshire Hathaway chairman Warren Buffett, who stands at $144 billion.The company itself has hit record-breaking milestones in recent months. CNBC noted that Nvidia became the first U.S. firm to cross a $4 trillion market capitalization earlier this week, surpassing tech giants Microsoft and Apple in the process.Despite his ongoing stock sales, Huang continues to hold over 858 million Nvidia shares, both directly and indirectly through various partnerships and trusts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
