Jupiter Wagons share price
NSE: JWLBSE: 533272Industrial ManufacturingSmall Cap
Jupiter Wagons Limited · Formerly Commercial Engineers & Body Builders Co · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 2010
Last close ₹181.78down ₹11.33 (5.87%)BSE ₹182.15
Share price at the NSE close on 30 Oct 2026. Previous close ₹193.11.
30 Oct: open ₹191.89, high ₹191.89, low ₹180.02
52-week range of traded prices to 30 Oct 2026
₹169.08Low, 26 Oct 2026₹358.25High, 23 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹7,769 Cr501st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Owners' profit not stated
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.61
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 7.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.31
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 22,87,176
About Jupiter Wagons
Jupiter Wagons Limited makes railway freight wagons and their components, wheelsets, brake systems, track crossings, load bodies for commercial vehicles and containers.1 Through its subsidiary Jupiter Electric Mobility, it also makes electric light commercial vehicles and battery energy storage systems.23 Its customers are rail logistics operators in the public and private sectors, defence and equipment makers.4 It is registered in Jabalpur, Madhya Pradesh, and has its corporate office in Kolkata.5
The group reports a single business segment: metal fabrication of rail freight wagons and commercial vehicle load bodies, and the making of railway transportation equipment.6 Its subsidiaries include Jupiter Tatravagonka Railwheel Factory, which runs the wheelset business (a wheelset is a pair of wheels fixed on an axle), and Stone India, which makes brake systems for freight wagons.789 It also runs joint ventures with Kovis of Slovenia, DAKO-CZ of the Czech Republic and Talleres Alegría of Spain, making brake discs, brake systems for high-speed passenger trains and track crossings.910 Its electric vehicles include the JEM TEZ and EV STAR CC.11 It has plants in Kolkata, Jamshedpur, Indore, Jabalpur, Bengaluru and Chhatrapati Sambhajinagar, with its own foundry.10
It was incorporated in 1979.12 Its managing director, Vivek Lohia, is a promoter of the company.13
Jupiter Wagons key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations rose 46% from a year earlier to ₹671 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 9% to ₹65 crore.14
- In the quarter to Jun 2026, consolidated profit after tax fell 15.7% to ₹26.2 crore from ₹31.1 crore a year earlier.15
- In the year to Mar 2026, consolidated revenue from operations fell to ₹2,916 crore from ₹3,963 crore and EBITDA to ₹363 crore from ₹578 crore. Profit after tax was ₹166 crore, against ₹380 crore a year earlier.16
- The wheelset business, run through Jupiter Tatravagonka Railwheel Factory, passed ₹500 crore of revenue in the year to Mar 2026.17
Plants and capacity
- The group has 13 manufacturing facilities.18
- The Indore container plant has an annual capacity of 4,500 TEUs (the standard unit for counting shipping containers).19
- Jupiter Electric Mobility's plant in Pithampur, Madhya Pradesh, makes electric light commercial vehicles, with an initial annual capacity of 8,000 to 10,000 vehicles.20
Order book
- The order book (orders received but not yet delivered) stood at about ₹4,550 crore on 30 Jun 2026.21
- Approximate order book by business, battery storage aside, as the managing director gave it on 18 Aug 202622
Railway wagons, for Indian Railways and private buyers about ₹3,000 crore Wheelsets about ₹700 crore Commercial vehicle bodies about ₹500 crore - On 18 Aug 2026, the managing director said close to 80% of the order book was for private wagons and about 7,000 wagons were pending.2324
Customers and partners
- In the year to Mar 2026, 3 customers each gave more than 10% of consolidated revenue, together ₹1,50,339.53 lakh (a lakh is one hundredth of a crore).25
- By its presentation of 14 Aug 2026, it had secured wagon orders worth over ₹264 crore from JSW (South) Rail Logistics and the Central Warehousing Corporation, and over ₹211 crore from JSW Port Logistics and Orissa Alloy Steel.26
Electric vehicles and energy storage
- Jupiter Electric Mobility's order book for battery energy storage systems (BESS, large batteries that store power for the grid or industry) stood at about 500 MWh, valued at over ₹500 crore, after its West Bengal project wins.27
- Its BESS products are 10-foot and 20-foot containerised units of 241 kWh to 3 MWh, and in the year to Mar 2026 it commissioned a cell-to-battery manufacturing line in Indore.28
- On its earnings call of 18 Aug 2026, the company said it expects Jupiter Electric Mobility to turn EBITDA positive from the year to Mar 2028.29
Expansion and capital spending
- Jupiter Tatravagonka Railwheel Factory is building a plant in Odisha with an installed capacity of 1 lakh forged wheelsets and 20,000 loose wheels a year.3031
- The company stated in its annual report for the year to Mar 2026 that it expects partial production at the Odisha plant by the end of Mar 2027 and full commissioning by the end of Mar 2028.3233
- In its presentation of 14 Aug 2026, the company said Lucchini RS of Italy and SIMEST, an Italian government financial institution, would put about ₹290 crore of fresh equity into Jupiter Tatravagonka Railwheel Factory for a combined 25% stake.34
- Stone India received approval from RDSO, Indian Railways' standards body, for its freight brake system and began commercial production in July 2026.35
What the company expects
- In its exchange filing of 29 Oct 2026, the company said it expects new orders of about ₹2,000 crore in the quarter to Mar 2027.36
- On its earnings call of 18 Aug 2026, the company said it expects to execute about 60% to 70% of its order book in the year to Mar 2027.37
- On its earnings call of 18 Aug 2026, the company said it targets revenue of ₹2,500 crore to ₹3,000 crore and an EBITDA margin of at least about 15% from the Odisha wheelset plant once both its lines are commissioned.38
- On its earnings call of 18 Aug 2026, the company said it targets a BESS order book of about ₹1,000 crore by Mar 2027.39
Recent events
- On 29 Oct 2026, the company announced an order from the Ministry of Railways for 2,583 wagons, valued at ₹1,140 crore including taxes.40
- On 10 Aug 2026, it emerged as the successful bidder for 2 standalone BESS projects of 100 MW/400 MWh in West Bengal, about ₹400 crore of supply and commissioning, to run for 15 years on a build-own-operate basis.41
- On 27 May 2026, Jupiter Tatravagonka Railwheel Factory signed a 10-year agreement to supply wheels, axles and wheelsets to the European wagon maker Tatravagonka a.s., and said it expects to export about 50,000 wheelsets a year to Europe.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 5 Sep 2026, page 168
- 2. Annual report, 5 Sep 2026, page 44
- 3. Annual report, 5 Sep 2026, page 81
- 4. Annual report, 5 Sep 2026, page 168
- 5. Annual report, 5 Sep 2026, page 1
- 6. Annual report, 5 Sep 2026, page 336
- 7. Annual report, 5 Sep 2026, page 30
- 8. Annual report, 5 Sep 2026, page 116
- 9. Annual report, 5 Sep 2026, page 24
- 10. Exchange filing, 8 Sep 2026, page 2
- 11. Annual report, 5 Sep 2026, page 81
- 12. Exchange filing, 17 Apr 2026, page 1
- 13. Annual report, 5 Sep 2026, page 86
- 14. Earnings call, 18 Aug 2026, page 3
- 15. Investor presentation, 14 Aug 2026, page 6
- 16. Annual report, 5 Sep 2026, page 30
- 17. Annual report, 5 Sep 2026, page 30
- 18. Annual report, 5 Sep 2026, page 20
- 19. Annual report, 5 Sep 2026, page 12
- 20. Annual report, 5 Sep 2026, page 22
- 21. Investor presentation, 14 Aug 2026, page 12
- 22. Earnings call, 18 Aug 2026, page 5
- 23. Earnings call, 18 Aug 2026, page 8
- 24. Earnings call, 18 Aug 2026, page 10
- 25. Annual report, 5 Sep 2026, page 336
- 26. Investor presentation, 14 Aug 2026, page 12
- 27. Exchange filing, 10 Aug 2026, page 2
- 28. Annual report, 5 Sep 2026, page 16
- 29. Earnings call, 18 Aug 2026, page 7
- 30. Annual report, 5 Sep 2026, page 40
- 31. Exchange filing, 27 May 2026, page 2
- 32. Annual report, 5 Sep 2026, page 30
- 33. Annual report, 5 Sep 2026, page 22
- 34. Investor presentation, 14 Aug 2026, page 13
- 35. Investor presentation, 14 Aug 2026, page 13
- 36. Exchange filing, 29 Oct 2026, page 2
- 37. Earnings call, 18 Aug 2026, page 5
- 38. Earnings call, 18 Aug 2026, page 6
- 39. Earnings call, 18 Aug 2026, page 4
- 40. Exchange filing, 29 Oct 2026, page 2
- 41. Exchange filing, 10 Aug 2026, page 2
- 42. Exchange filing, 27 May 2026, page 2
Results
Standalone, as consolidated accounts are on record for only 5 of the last ten years; ₹ crore.Jupiter Wagons quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −11.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹619 Crdown 4.10%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹38 Crdown 1.50%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.1%
Revenue by quarter
Peak revenue ₹1,002 Cr, quarter to Mar 2025; lowest ₹411 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 974 | 1,000 | 1,002 | 411 | 707 | 776 | 645 | 619 |
| Net profit | 89 | 98 | 97 | 33 | 53 | 58 | 39 | 38 |
| Net margin | 9.1% | 9.8% | 9.7% | 8.0% | 7.5% | 7.5% | 6.0% | 6.1% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,539 Crdown 34.40%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹183 Crdown 51.08%
- Net margin
- 7.2%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 3 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2022, the company's revenue for that year, ₹1,178 Cr, differs from its quarters added, ₹630 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 106 | 100what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹2.47 crore, a tax on the goods the company makes that it collects and pays to the government. | 216 | 126 | 363 | 1,178 | 2,068 | 3,641 | 3,871 | 2,539 |
| Net profit | −33 | −37 | 89 | 0 | 12 | 50 | 125 | 333 | 373 | 183 |
| Net margin | −31.2% | −37.0% | 41.1% | −0.1% | 3.4% | 4.2% | 6.1% | 9.1% | 9.6% | 7.2% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, MANUFACTURING OF WAGONS, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: a quarter's profit for shareholders does not agree with its own earnings per share. Its history crosses a change of basis in the accounts in the year to Mar 2022: days before it are of the company before the change.Jupiter Wagons PE ratio and valuation
Price to book
At or below today's level on 0.5% of 1,117 trading days over the last 5 years.
LowestHighest
Its median5.46Industry median2.56
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 73% of 2,479 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median0.47%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −35.1% | −51.6% | +33.2% | 0.4% |
| 3 years | +37.5% | +9.8% | +24.9% | 0.3% |
| 5 years | +73.4% | +25.6% | +37.8% | 0.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
51 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 49 of the 49 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 51 funds holding Jupiter Wagons
- AddedAdded. Funds that held more shares than at the end of the month before.
- 15
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
| Fund | |||
|---|---|---|---|
 Bandhan Small Cap FundBandhan Mutual Fund | 23,65,773 | 0.15% | ₹55.2 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 2,09,997 | 0.14% | ₹4.90 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 1,64,780 | 0.14% | ₹3.84 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 1,06,675 | 0.14% | ₹2.49 Cr |
 Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETFMirae Asset Mutual Fund | 84,619 | 0.21% | ₹1.97 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 75,669 | 0.14% | ₹1.76 Cr |
 ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 47,832 | 0.14% | ₹1.12 Cr |
| HDFC Nifty Smallcap 250 Index FundHDFC Mutual Fund | 45,873 | 0.14% | ₹1.07 Cr |
| Nippon India Nifty 500 Equal Weight Index FundNippon India Mutual Fund | 40,656 | 0.21% | ₹0.95 Cr |
 JioBlackRock Nifty Smallcap 250 Index FundJio BlackRock Mutual Fund | 23,938 | 0.14% | ₹0.56 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Jupiter Wagons insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 1 off-market move
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Jupiter Wagons competitors and peers
Industrial Manufacturing, 201 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Jupiter Wagons in market cap.Capital goods stocks
Jupiter Wagons is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Omnitech EngineeringOMNI | 8,255 | – | 12.15 | – | – | – | – | 0.00% |
 Kennametal IndiaKENNAMET | 8,105 | 41.35 | 9.49 | +29.1% | +90.5% | 24.5% | 30.0% | 1.08% |
 Standard Engineering TechnologySETL | 7,897 | 92.38 | 10.01 | – | – | 11.4% | 13.1% | 0.00% |
 Dynamatic TechnologiesDYNAMATECH | 7,878 | 185.67 | 9.93 | +17.3% | 0.0% | 5.6% | 9.2% | 0.11% |
 RaymondRAYMOND | 7,324 | 152.47 | 2.32 | −5.6% | −99.1% | 1.5% | 3.0% | 0.00% |
 Spectrum Electrical IndustriesSPECTRUM | 6,757 | – | – | – | – | – | 19.1% | 0.00% |
 HMTHMT | 6,201 | – | – | +8.8% | – | – | – | 0.00% |
 Marine Electricals (India)MARINE | 5,593 | 87.36 | 11.35 | +21.8% | +50.6% | 14.3% | 15.3% | 0.08% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Jupiter Wagons dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.00 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 30 May 2025 | Interim | ₹1.00 |
| 7 Oct 2024 | Interim | ₹1.00 |
| 5 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.30 |
| 29 Feb 2024 | Interim | ₹0.30 |
| 12 Sep 2023 | Final | ₹0.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Jupiter Wagons announcements
Oct 2026
23 Oct
1 Oct · General Updates
Jupiter Wagons share price by year
Each calendar year to 2025.Jupiter Wagons share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 339.75 | −32.2% | 509.45 | 252.70 |
| 2024 | 500.95 | +57.1% | 730.00 | 308.50 |
| 2023 | 318.95 | +247.4% | 400.10 | 86.05 |
| 2022 | 91.80 | +110.1% | 93.15 | 37.80 |
| 2021 | 43.70 | +116.3% | 46.85 | 15.05 |
| 2020 | 20.20 | +37.4% | 20.55 | 7.05 |
| 2019 | 14.70 | −46.9% | 28.00 | 12.65 |
| 2018 | 27.70 | +44.3% | 29.10 | 11.80 |
| 2017 | 19.20 | +50.0% | 21.20 | 10.25 |
| 2016 | 12.80 | −48.4% | 27.75 | 12.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 186.24 | 198.00 | 186.24 | 193.11 | 192.87 | 3,08,72,284 | 4.5% |
| 28 Oct 2026 | 175.99 | 184.95 | 174.58 | 181.05 | 180.23 | 23,32,584 | 20.7% |
| 27 Oct 2026 | 174.00 | 179.64 | 173.30 | 176.68 | 177.23 | 7,75,653 | 38.4% |
| 26 Oct 2026 | 171.00 | 176.35 | 169.08 | 174.61 | 174.11 | 10,85,982 | 40.6% |
| 23 Oct 2026 | 182.53 | 183.00 | 170.80 | 173.39 | 174.40 | 20,89,195 | 39.7% |
| 22 Oct 2026 | 190.01 | 190.78 | 181.91 | 182.54 | 184.67 | 17,71,416 | 41.2% |
| 21 Oct 2026 | 200.00 | 200.00 | 189.15 | 190.31 | 192.30 | 11,36,310 | 38.5% |
| 19 Oct 2026 | 206.93 | 207.56 | 195.60 | 196.73 | 199.14 | 13,24,579 | 43.9% |
| 16 Oct 2026 | 202.02 | 207.90 | 200.15 | 205.62 | 205.39 | 12,94,923 | 24.9% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- JWL
- BSE code
- 533272
- ISIN
- INE209L01016
- Industry
- Industrial Manufacturing
- Former symbols
- CEBBCO
- Website
- www.jupiterwagons.com
- CIN
- L28100MP1979PLC049375
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1979
- Registered office
- 48, Vandana Vihar, Narmada Road, Gorakhpur, Jabalpur 482001, Madhya Pradesh
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In Nifty 500, BSE 500, Nifty Smallcap 250, BSE 250 SmallCap Index, BSE SmallCap, Nifty Total Market