The Indian railway system is often regarded as the backbone of the economy, covering thousands of kilometers and ranking as the fourth-largest railway network globally, after the US, China, and Russia. Managed by the Railway Board, which holds a monopoly over rail services in India, the network is known for its cost-effectiveness and efficiency, making it the preferred mode of transport for long-distance travel among Indian citizens.
As per the Indian Railways 2023 report, the railway sector aims to export ‘Made in India’ Vande Bharat trains to European, South American, and East Asian markets by 2025-26, marking a significant step toward expanding India’s presence in the global rail industry.
Let’s explore the top railway stocks in India for April 2025, ranked by their 5-year CAGR performance, market cap and net profit margin.
Name | Market Cap (₹ Crore) | ↓5Y CAGR (%) | Net Profit Margin |
Jupiter Wagons Ltd | 15,714.92 | 119.16 | 9.04 |
Titagarh Rail Systems Ltd | 10,814.30 | 100.43 | 7.35 |
Ramkrishna Forgings Ltd | 14,282.41 | 92.07 | 8.57 |
Texmaco Rail & Engineering Ltd | 5,411.18 | 51.21 | 3.17 |
BEML Ltd | 11,495.55 | 47.49 | 6.88 |
Note: The top railways stocks list here is as of March 28, 2025. The stocks are sorted as per the 5Y CAGR, and the market cap is above ₹1,000 crore.
Jupiter Wagons Limited designs manufactures, and supplies railway wagons, wagon components, and transportation equipment for the railway sector in both India and global markets.
In Q3 FY24, Jupiter Wagons Limited reported a revenue of ₹1,000.04 crore, up from ₹973.63 crore in Q2 FY24. The company’s net profit for the quarter stood at ₹97.86 crore, compared to ₹88.62 crore in the previous quarter. For FY23-24, the total revenue reached ₹3,641.25 crore, with a net profit of ₹332.80 crore.
Key metrics:
Titagarh Rail Systems focuses on developing advanced transportation solutions, including semi-high-speed trains, urban metro systems, passenger coaches, and propulsion equipment.
In Q3 FY24, Titagarh Rail Systems reported a revenue of ₹902.18 crore, compared to ₹1,056.95 crore in the previous quarter. The company’s net profit stood at ₹68.94 crore, down from ₹85.12 crore in Q2. For FY23-24, Titagarh Rail Systems recorded a total revenue of ₹3,853.30 crore and a net profit of ₹296.91 crore.
Key metrics:
Ramkrishna Forgings Ltd specializes in manufacturing and supplying forged, machined, and fabricated components across various industries, including automotive, railways, farm equipment, earthmoving, mining, construction, oil and gas, power, and general engineering.
Ramkrishna Forgings reported a revenue of ₹952.72 crore in Dec 2024, slightly up from ₹952.32 crore in Sep 2024, with a total revenue of ₹3,489.61 crore for FY23-24. The net profit stood at ₹99.55 crore in Dec 2024, compared to ₹182.80 crore in Sep 2024, while the FY23-24 net profit was ₹326.07 crore.
Key metrics:
Texmaco Rail & Engineering Ltd, a subsidiary of the Adventz Group, is an engineering and infrastructure firm specialising in rolling stock manufacturing, hydro-mechanical equipment, steel castings, and railway EPC project construction.
Texmaco Rail & Engineering Ltd reported a revenue of ₹1,085.88 crore in Dec 2024, compared to ₹1,116.29 crore in Sep 2024, with a total of ₹3,502.87 crore for FY23-24. The net profit stood at ₹47.02 crore in Dec 2024, ₹48.45 crore in Sep 2024, and ₹112.69 crore for the fiscal year.
Key metrics:
BEML Limited, previously known as Bharat Earth Movers Limited, is a state-owned enterprise in India that produces a wide range of heavy machinery for earthmoving, railways, transportation, and mining. Headquartered in Bangalore, BEML is the second-largest manufacturer of earthmoving equipment in Asia.
In Q3 FY24, BEML Limited reported a revenue of ₹875.77 crore, up from ₹859.85 crore in the previous quarter. Net profit stood at ₹24.77 crore, compared to ₹51.41 crore in Q2 FY24. For FY23-24, the company recorded a total revenue of ₹4,054.33 crore and a net profit of ₹283.02 crore.
Key metrics:
Name | ↓Market Cap (₹ Crore) | 5Y CAGR (%) | Net Profit Margin |
Jupiter Wagons Ltd | 15,714.92 | 119.16 | 9.04 |
Ramkrishna Forgings Ltd | 14,282.41 | 92.07 | 8.57 |
BEML Ltd | 11,495.55 | 47.49 | 6.88 |
Titagarh Rail Systems Ltd | 10,814.30 | 100.43 | 7.35 |
Texmaco Rail & Engineering Ltd | 5,411.18 | 51.21 | 3.17 |
Note: The best railways stocks list here is as of March 28, 2025. The stocks are sorted based on the market cap, and the market cap is above ₹1,000 crore.
Name | Market Cap (₹ Crore) | 5Y CAGR (%) | ↓Net Profit Margin |
Jupiter Wagons Ltd | 15,714.92 | 119.16 | 9.04 |
Ramkrishna Forgings Ltd | 14,282.41 | 92.07 | 8.57 |
Titagarh Rail Systems Ltd | 10,814.30 | 100.43 | 7.35 |
BEML Ltd | 11,495.55 | 47.49 | 6.88 |
Oriental Rail Infrastructure Ltd | 1,062.96 | 39.32 | 5.68 |
Note: The best railways stocks list here is as of March 28, 2025. The stocks are sorted based on the net profit margin, and the market cap is above ₹1,000 crore.
Before investing in railway stocks, it is essential to evaluate the following aspects:
While railway stocks offer promising investment opportunities, it is important to align them with your financial goals, risk tolerance, and investment horizon. Seeking right guidance from a financial advisor can help tailor investments to your specific needs.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 31, 2025, 9:59 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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