Jupiter Wagons (JWL)₹204.50+1.59%Railway Wagons
In the Jun 2026 quarter (consolidated), Jupiter Wagons reported sales of ₹670 Cr, up 46.3% from Jun 2025, and net profit of ₹25.94 Cr, down 16.1% year on year. For the year to Mar 2026, sales were ₹2,912 Cr and net profit ₹166 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 878 | 896 | 1,114 | 879 | 1,008 | 1,030 | 1,045 | 458 | 785 | 889 | 779 | 670 |
| Expenses | 756 | 771 | 966 | 741 | 867 | 884 | 894 | 399 | 681 | 775 | 699 | 604 |
| Operating Profit | 121 | 123 | 146 | 137 | 139 | 143 | 147 | 59.01 | 103 | 113 | 79.06 | 65.02 |
| OPM % | 14.0% | 14.0% | 13.0% | 16.0% | 14.0% | 14.0% | 14.0% | 13.0% | 13.0% | 13.0% | 10.0% | 10.0% |
| Other Income | 5.99 | 5.01 | 11.99 | 7.99 | 9.99 | 14.99 | 11.98 | 16.98 | 0.00 | 8.99 | 1.99 | 9.99 |
| Interest | 9.98 | 10.96 | 10.97 | 12.96 | 16.94 | 13.95 | 16.94 | 15.95 | 18.96 | 17.96 | 15.96 | 16.97 |
| Depreciation | 6.99 | 6.99 | 7.99 | 11.99 | 12.99 | 13.97 | 14.99 | 15.97 | 15.98 | 16.98 | 17.97 | 18.97 |
| Profit before tax | 110 | 110 | 139 | 121 | 120 | 130 | 127 | 44.15 | 68.20 | 87.28 | 46.19 | 39.15 |
| Tax % | 25.0% | 26.0% | 25.0% | 23.0% | 25.0% | 26.0% | 20.0% | 29.0% | 33.0% | 28.0% | 41.0% | 32.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −6.93 | 0.00 | −4.35 | 0.00 |
| Net Profit | 81.79 | 80.77 | 105 | 91.80 | 88.73 | 95.83 | 103 | 30.93 | 44.91 | 61.88 | 26.92 | 25.94 |
| EPS (Rs) | 2.06 | 1.99 | 2.56 | 2.24 | 2.12 | 2.30 | 2.44 | 0.78 | 1.11 | 1.48 | 0.68 | 0.67 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 996 | 1,177 | 2,065 | 3,641 | 3,963 | 2,912 | 3,123 |
| Expenses | 885 | 1,061 | 1,812 | 3,144 | 3,384 | 2,554 | 2,758 |
| Operating Profit | 106 | 114 | 249 | 487 | 566 | 354 | 360 |
| OPM % | 11.0% | 10.0% | 12.0% | 13.0% | 14.0% | 12.0% | 11.5% |
| Other Income | 1.99 | 2.99 | 4.99 | 24.99 | 43.94 | 27.97 | 20.97 |
| Interest | 20.95 | 17.95 | 28.92 | 40.89 | 59.80 | 69.82 | 69.85 |
| Depreciation | 20.98 | 22.98 | 24.95 | 27.95 | 53.96 | 66.90 | 69.90 |
| Profit before tax | 66.26 | 76.26 | 201 | 443 | 498 | 246 | 241 |
| Tax % | 19.0% | 34.0% | 40.0% | 25.0% | 23.0% | 32.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | −11.99 | −11.28 |
| Net Profit | 52.84 | 49.92 | 121 | 330 | 379 | 166 | 160 |
| EPS (Rs) | 5.98 | 5.56 | 3.13 | 8.07 | 9.03 | 4.01 | 3.94 |
| Dividend payout % | 0.0% | 0.0% | 16.0% | 7.0% | 14.1% | 25.1% | — |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 387 | 387 | 387 | 412 | 424 | 427 |
| Reserves | 246 | 295 | 416 | 1,205 | 2,331 | 2,553 |
| Borrowings | 137 | 138 | 287 | 348 | 500 | 993 |
| Other Liabilities | 219 | 249 | 543 | 972 | 739 | 734 |
| Total Liabilities | 990 | 1,070 | 1,633 | 2,937 | 3,995 | 4,707 |
| Fixed Assets | 417 | 426 | 463 | 829 | 969 | 1,115 |
| CWIP | 20.91 | 21.90 | 26.89 | 53.75 | 65.80 | 265 |
| Investments | 1.99 | 7.99 | 10.99 | 92.97 | 164 | 236 |
| Other Assets | 550 | 615 | 1,132 | 1,961 | 2,796 | 3,091 |
| Inventories | 244 | 319 | 490 | 982 | 768 | 1,078 |
| Trade receivables | 71.95 | 71.04 | 213 | 491 | 815 | 756 |
| Cash & equivalents | 71.24 | 69.15 | 168 | 214 | 596 | 443 |
| Total Assets | 990 | 1,070 | 1,633 | 2,937 | 3,995 | 4,707 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 66.93 | 59.93 | 77.96 | −18.99 | 104 | 8.99 |
| Cash from investing activity | −60.14 | −49.10 | −122 | −465 | −629 | −689 |
| Cash from financing activity | 22.03 | −17.04 | 121 | 490 | 844 | 455 |
| Net cash flow | 29.97 | −5.99 | 76.01 | 4.99 | 318 | −224 |
| Capex | 29.96 | 36.94 | 72.82 | 125 | 507 | 534 |
| Free cash flow | 37.13 | 23.07 | 9.03 | −143 | −404 | −526 |
| CFO / OP % | 67.0% | 54.0% | 35.0% | 18.1% | 39.0% | 28.1% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 27 | 23 | 39 | 50 | 76 | 96 |
| Inventory days | 120 | 130 | 114 | 127 | 94 | 188 |
| Days payable | 71 | 59 | 47 | 72 | 51 | 70 |
| Cash conversion cycle | 76 | 93 | 105 | 104 | 118 | 212 |
| Working capital days | 34 | 44 | 25 | 44 | 62 | 114 |
| ROCE % | — | 12.0% | 24.0% | 31.0% | 21.0% | 9.0% |
For the Jun 2026 quarter, Jupiter Wagons reported sales of ₹670 Cr, up 46.3% year on year and net profit of ₹25.94 Cr, down 16.1% year on year. The operating margin was 10.0%.
Jupiter Wagons' sales for the year to Mar 2026 were ₹2,912 Cr; over the last twelve months they were ₹3,123 Cr.
Net profit for the year to Mar 2026 was ₹166 Cr, and ₹160 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.94.
Jupiter Wagons reported borrowings of ₹993 Cr at Mar 2026, against cash and equivalents of ₹443 Cr.
Cash from operations was ₹8.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹526 Cr.