Titagarh Wagons Financial Statements

Titagarh Wagons (TWL) reported revenue of ₹38.68B in FY2025 with net income of ₹2.76B. Total assets stood at ₹37.62B and free cash flow was -₹3.17B.

Titagarh Wagons Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		15.45B	14.68B	27.80B	38.53B	38.68B
Cost of Rev. Cost of Revenue		-9.93B	-10.48B	-21.50B	-29.88B	-29.29B
Gross Profit		5.52B	4.20B	6.30B	8.65B	9.39B
SGA Sales, General & Admin		-4.47B	-2.55B	-3.66B	-4.13B	-5.06B
Op. Income Operating Income		756.29M	1.47B	2.41B	4.25B	4.03B
PBT Profit Before Tax		-55.71M	1.07B	1.90B	3.89B	3.82B
Net Income		-149.97M	-3.28M	1.30B	2.86B	2.76B
Dil. Shares Diluted Shares		115.63M	119.57M	119.56M	127.40M	135.55M
Diluted EPS		-1.30	-0.03	10.89	22.46	20.39

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Titagarh Wagons's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Titagarh Wagons Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		14.05B	15.02B	13.41B	19.87B	21.79B
Non-curr. assets Total non-current assets		10.69B	11.77B	9.06B	12.30B	15.83B
Total assets		24.74B	26.79B	22.47B	32.16B	37.62B
Curr. liabilities Total current liabilities		9.04B	12.67B	10.90B	7.30B	10.98B
Non-curr. liab. Total non-current liabilities		7.29B	5.70B	1.94B	2.68B	1.81B
Total liabilities		16.33B	18.37B	12.85B	9.98B	12.78B
Total equity		8.41B	8.42B	9.64B	22.18B	24.84B
Total liab. & eq. Total liabilities & equity		24.74B	26.80B	22.48B	32.16B	37.62B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Titagarh Wagons's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Titagarh Wagons Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		-55.77M	289.55M	1.81B	3.86B	3.82B
Operating CF Cash flow Operating Activities		676.94M	545.89M	409.17M	857.80M	-974.10M
Capex Investments in PPE		-599.93M	-1.02B	-367.41M	-1.64B	-2.20B
Investing CF Cash flow Investing Activities		-720.73M	-694.80M	-613.52M	-5.37B	-5.79B
Dividend Paid		-208,000	-273,000	-228,000	-63.80M	-107.70M
Financing CF Cash flow Financing Activities		432.15M	-527.06M	665.26M	7.24B	3.72B
Cash (start) Cash at beginning of period		289.72M	796.94M	89.59M	554.10M	3.29B
Cash (end) Cash at end of period		796.94M	89.59M	554.06M	3.29B	252.70M
FCF Free Cash Flow		77.01M	-475.88M	41.76M	-777.40M	-3.17B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Titagarh Wagons's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025