Texmaco Rail & Engineering Ltd. is an Indian engineering and infrastructure company that is primarily engaged in manufacturing railway wagons, coaches, and locomotives, as well as providing related services. The company is part of Adventz Group and headquartered in Kolkata. Texmaco Rail & Engineering Ltd. (TEXMACO), is an ISO: 9001-2015, a premier multi-discipline, multi-unit engineering and Infrastructure Company, with 6 manufacturing units extending over 6.78 million sqft, serving as a cornerstone of India's railway infrastructure development.
Founded with a rich heritage dating back to 1939, The Company was formed after demerger into it of the Heavy Engineering and Steel Foundry Divisions of the parent company Texmaco Ltd., founded in 1939 by the renowned industrialist, Late Dr. K.K.Birla. As on March 31, 2023, Saroj Poddar-led Adventz Group held 58.56% shares in Texmaco Rail & Engineering. The company operates as a part of the USD 4bn Advenz Group.
Texmaco Rail & Engineering operates through three primary business segments that collectively serve the railway and infrastructure sectors. Its business segments are: Heavy Engineering Division; Steel Foundry Division; and Rail EPC. The maximum revenue is derived from its Freight Car Division, which manufactures and supplies railway freight cars, loco components, loco shells, and steel castings.
The company's product portfolio encompasses a comprehensive range of railway solutions. Texmaco Rail & Engineering Limited is an India-based company, which manufactures a diverse range of products, such as railway freight cars, hydro-mechanical equipment and industrial structural's, loco components and loco shells, steel girders for railway bridges, steel castings, and pressure vessels, along with engineering, procurement, construction (EPC) contracts for execution of railway track, signaling and telecommunication projects, rail electrification and automatic fare collection on a turnkey basis.
The Heavy Engineering Division focuses on manufacturing rolling stock including wagons, coaches, and locomotive components. TEXMACO has been the leading and most reliable freight car manufacturer over the past 8 (eight) decades. Its Freight Cars serve a host of core industries like Cement, Steel, Defence, Fertilizer, Oil, Alumina, Thermal Power Projects, Chemical Plants, etc.
Texmaco's manufacturing excellence is exemplified by its state-of-the-art facilities and quality certifications. The Company's Steel Foundry, which is the largest in the country, is having the capacity of upto 42000 Tonnes of quality Castings per year. It has a State-of-the-Art facility set up by the world renowned MNC M/s.Kunkel Wagner, Germany. The Foundry has earned the distinction of Quality Assurance Certificate (M-1003) from AAR (Association of American Railroads), making it the only Foundry in India qualified to export railway castings to the North American Market. It has also been crowned with the "IIF Foundry of the year 2009" by The Institute of Indian Foundrymen.
The company's commitment to quality and innovation is further demonstrated through its various technical collaborations. Over the years, the Company has entered into technical collaborations with renowned Multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.
Texmaco has established strategic partnerships to enhance its technological capabilities and market reach. Wabtec Texmaco Rail Private Ltd., a JV formed with the world-renowned Wabtec Corporation, USA on a 60:40 basis in the year 2015. Texmaco Rail and Engineering Ltd has partnerships with Wabtec Corporation (formerly GE Transportation) and Nymburk, among others.
The company has also strengthened its EPC capabilities through strategic acquisitions. In the year 2017, Kalindee merged into the Company, strengthening TEXMACO's presence in the Rail EPC business. Further, the Company has acquired Bright Power Projects (India) Private Ltd. (Bright Power) in the year 2016 as its subsidiary. Bright Power is an EPC company incorporated on January 10, 1994, specializing in overhead electrification (OHE) solutions for the Railways.
Texmaco Rail & Engineering has demonstrated robust financial performance in recent periods. For the full year, net profit rose 120.10% to ₹249.18 Crore in the year ended March 2025, as against ₹113.21 Crore during the previous year ended March 2024. Sales rose 45.78% to ₹5,106.57 Crore in the year ended March 2025, as against ₹3,502.87 Crore during the previous year ended March 2024.
However, the company experienced some challenges in Q4 FY25. Net profit of Texmaco Rail & Engineering declined 12.25% to ₹39.77 Crore in the quarter ended March 2025, as against ₹45.32 Crore during the previous quarter ended March 2024. Sales rose 17.63% to ₹1,346.36 Crore in the quarter ended March 2025, as against ₹1,144.56 Crore during the previous quarter ended March 2024.
The company has secured significant orders that demonstrate its strong market position. The order comprises the manufacturing and supply of 560 open-top wagons valued at $32,760,000 (₹282 Crore) along with a 20-year long-term maintenance contract worth $29,484,000 (₹253 Crore). Further, this initial order includes provision for additional order relating to supply of 1,040 Wagons in next 5 years, along with their long-term maintenance.
Recent contract wins include Texmaco Rail & Engineering announced that the Ministry of Railways (Railway Board) vide its LOA dated May 28, 2025, has awarded an order to the Company for manufacture and supply of 8 rakes of Flat Multi-Purpose Wagons to be executed within 6 months, valuing ₹140.55 Crore.
As of July 2025, The market cap of Texmaco Rail & Engineering Ltd (TEXRAIL) is ₹7,032.22 Crore as of July 1, 2025. The 52-week high of Texmaco Rail & Engineering Ltd (TEXRAIL) is ₹296.49 and the 52-week low is ₹119.06.
The company maintains a healthy financial structure with The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. Promoter holding in Texmaco Rail & Engineering Ltd has gone up to 48.27% as of March 2025 from 48.14% as of June 2024.
Texmaco Rail & Engineering operates through several subsidiaries that strengthen its market position. The Company's subsidiaries include Belur Engineering Private Limited, Texmaco Transtrak Private Limited, Texmaco Rail Systems Private Limited, Texmaco Rail Electrification Limited, and Texmaco Engineering Udyog Private Limited.
The company is well-positioned to capitalize on India's railway infrastructure development. Indian Railways intends to acquire 1,50,000 freight cars by 2025, & company has placed its largest-ever order with Indian Railways for more than 20,000 freight cars, which is now being carried out. Additionally, company projects 3–5 times increase in railway casting & component exports.
Recent dividend declaration shows the company's commitment to shareholders. Texmaco Rail & Engineering announced that the Board of Directors of the Company at its meeting held on May 16, 2025, inter alia, have recommended the final dividend of ₹0.75 per equity Share (i.e., 75%), subject to the approval of the shareholders.
Texmaco Rail & Engineering continues to maintain its leadership position in India's railway manufacturing sector, supported by strong technical capabilities, strategic partnerships, and a comprehensive product portfolio that serves both domestic and international markets.
