For backward integration company is starting to make wheels, braking systems and foundry operations.
By FY25 company will be making 1000 wagons per month from 700 currently.
20,000 wagon tender of Railways is closing on 15 November and two separate tenders of 10,000 units each for deferent design wagons, including aluminium wagons, are expected before the end of current fiscal year.
ARAI certification for commercial EV will be available by December or January.
Commercial rollout of vehicles expected in April 2025 and they expect to sell 2000 vehicles in first year.
24.03.2023: Acuité has reaffirmed and assigned its long-term rating of ‘ACUITE A+’ (read as ACUITE A plus) and the short-term rating of ‘ACUITE A1’ (read as ACUITE A one) to the Rs.605.61 Cr bank facilities of Jupiter Wagons Limited (Erstwhile Commercial Engineers and Body Builders Company Limited). The outlook is ‘Stable’.
December 12, 2023: Long Term Rating AA (-) Stable Upgraded and Short Term Rating ACUITE A1(+)
Kindly share full rational report to understand better.
We are pleased to inform that Ministry of Railways (Railway Board) vide its Letter of Acceptance (LOA) no. 2023/RS(I)/954/7 TC dated 14th December, 2023 has awarded an order to the Company for manufacture and supply of 4,000 numbers of BOXNS Wagons for a contract value of Rs.1,617 Crores.
Holding it for a few months, since then Titagarh Rail has been rallying like crazy but our poor JWL is stuck in ASM.
Good to see some positive news.
Any idea on how long it can stay in ASM?
Came out of ASM on 14th Jan and there is no looking back since then. Multiple revenue streams wagons (Govt and private), brakes, wheels and last mile E-vehicle shall ensure runway for growth. Expecting another very quarter.
I see they are now venturing into new businesses, aside from just the wagon’s.
railway brakes
EV commercial pickups
marine containers
What are your views on this?
Is it positive and will it open new growth avenues and potentially build JWL towards a solid player. (Will it overtake TWL/Texrail)
Ideally, if they max out on their wagons production 8-10K / year - then these new businesses should propel the company into new directions and new revenue streams.
Wondering why the broader market hasn’t valued these developments, it’s not seen in price action/volumes.
What does the market know - that’s preventing it from jumping in on Jupiters wagon?