Texmaco Rail & Engineering: the filings show an order flow extending from Bhilwara to Africa (NSE: TEXRAIL)
The pattern between 27 June and 1 September 2026 was a series of order-win filings of varying sizes:
Texmaco Rail & Engineering (TEXRAIL, BSE: 533326) disclosed on 1 September 2026 a Letter of Award worth USD 135 million from Tsiko Africa Logistics and Barberry Holdings for diesel-electric locomotives. The same day, it announced a Rs. 24.48 crore order from Transport Corporation of India. The two disclosures, filed separately on 1 September, add to a flow of domestic and international orders the company reported through the June–September quarter.
Wagon orders, several counterparties
The pattern between 27 June and 1 September 2026 was a series of order-win filings of varying sizes:
- 27 June: Letter of Intent worth Rs. 4.71 crore from Mangalore Coal Terminal for overhead electrical equipment work, to be executed within 12 months (filing dated 27 June 2026).
- 1 July: two orders aggregating Rs. 351.16 crore — Rs. 253.28 crore from JSW (South) Rail Logistics for BFNSM1 rakes with BVCM wagons (previously disclosed as an LOI on 19 June 2026), and Rs. 97.88 crore from Sushila Transport for ACT1 rakes with BVCM wagons. The JSW order is to be executed within 13.5 months; Sushila Transport by 31 October 2027 (filing dated 1 July 2026).
- 2 July: Rs. 26.56 crore (inclusive of taxes) from South Central Railway for signalling and telecommunication works including Automatic Block Signalling and Kavach, to be executed within 12 months. The same filing stated the Infra Rail & Green Energy division order book at Rs. 1,159.94 crore.
- 7 July: Rs. 70.72 crore (including taxes) from Central Warehousing Corporation for BLSS rakes with Brake Van, to be executed within 180 days.
- 12 August: Rs. 77.76 crore from IVC Logistics for 3 rakes of ACT1 wagons with 1 BVCM wagon per rake.
- 1 September: Rs. 24.48 crore from Transport Corporation of India for one rake of ACT-1 and BVCM wagons, to be executed within 16 weeks.
The international order
The 1 September filing for the USD 135 million order is distinct in scale and scope: design, manufacture, supply and commissioning of 4,500 HP Wabtec ES43ACi diesel-electric locomotives. The filing describes the order as international, to be executed within 20–24 months from signing a definitive agreement. The filing also states the approximate rupee equivalent as ₹1,125 crore — that approximate figure is the company's own disclosure, not an external conversion.
What the Q1FY27 results show
On 3 August 2026, Texmaco reported consolidated results for Q1FY27 (filing dated 3 August 2026): revenue of Rs. 756.68 crore, down 16.9% YoY and 35.2% QoQ; PAT of Rs. 50.04 crore, up 66.9% YoY. The filing note adds context: the profit increase was materially supported by Rs. 18.53 crore of other income. The EBITDA margin held at 10%.
One management change, one rating action
Two non-order developments also appeared in the period. On 2 July 2026, CARE Ratings reaffirmed the company's credit ratings at 'CARE A; Stable / CARE A1' — the filing states there is no change from the previous assessment. On 14 July 2026, the company announced CFO Kishor Kumar Rajgaria's resignation for personal reasons; a follow-up filing on 31 August 2026 confirmed he was relieved effective 31 August 2026.
What the filings say comes next
The stated timeframes on file: South Central Railway signalling works within 12 months from 2 July 2026; JSW supply within 13.5 months; Sushila Transport by 31 October 2027; CWC BLSS rakes within 180 days; Transport Corporation of India within 16 weeks; and the African locomotive order within 20–24 months from signing a definitive agreement. The IVC Logistics and Mangalore Coal Terminal orders carry their own stated execution windows. These are disclosed deadlines, not forecasts.
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 27 Jun 2026 | Texmaco Rail & Engineering receives Letter of Intent worth Rs. 4.71 crores from Mangalore Coal Terminal for overhead electrical equipment work. | Texmaco Rail & Engineering announced that Mangalore Coal Terminal Private Limited has issued a Letter of Intent valued at Rs. 4.71 crores for design, supply, erection, testing, and commissioning of 25KV, 50Hz Over Head Electrical Equipment, to be executed within 12 months. | filing |
| 1 Jul 2026 | Texmaco Rail & Engineering receives two orders aggregating Rs. 351.16 crore from JSW (South) Rail Logistics and Sushila Transport | Texmaco Rail & Engineering announced receipt of two orders: Rs. 253.28 crore from JSW (South) Rail Logistics for manufacture and supply of BFNSM1 rakes along with BVCM wagons (previously disclosed as LOI on 19 June 2026), and Rs. 97.88 crore from Sushila Transport Private Limited for manufacture and supply of ACT1 rakes along with BVCM wagons. The JSW order is to be executed within 13.5 months, and the Sushila Transport order by 31 October 2027. | filing |
| 2 Jul 2026 | Texmaco Rail & Engineering receives Rs. 26.56 crore order from South Central Railway for signalling and telecommunication works including Kavach. | Texmaco Rail & Engineering Ltd received a Letter of Acceptance from South Central Railway for a Rs. 26.56 crore (inclusive of taxes) contract for Comprehensive Signalling and Telecommunication works, including Automatic Block Signalling and Kavach. The order is to be executed within 12 months. The company's Infra Rail & Green Energy division order book now stands at Rs. 1,159.94 crore. | filing |
| 7 Jul 2026 | Texmaco Rail receives Rs. 70.72 crore order from Central Warehousing Corporation for supply of BLSS rakes | Texmaco Rail & Engineering has received a Letter of Award from Central Warehousing Corporation for manufacture and supply of BLSS rakes along with Brake Van, valued at Rs. 70.72 crores (including taxes). The order is to be executed within 180 days. | filing |
| 12 Aug 2026 | Texmaco Rail receives Rs. 77.76 crore order from IVC Logistics for supply of ACT1 and BVCM wagons. | Texmaco Rail & Engineering received a purchase order worth Rs. 77.76 crore from IVC Logistics Limited for the supply of 3 rakes of ACT1 wagons along with 1 BVCM wagon per rake. | filing |
| 1 Sept 2026 | Texmaco Rail receives Rs. 24.48 crore order from Transport Corporation of India for supply and commissioning of one rake comprising ACT-1 and BVCM wagons. | Texmaco Rail has received an order worth Rs. 24.48 crore from Transport Corporation of India Limited for the manufacture, supply, and commissioning of one rake of ACT-1 and BVCM wagons, to be executed within 16 weeks. | filing |
| 1 Sept 2026 | Texmaco Rail receives USD 135 million order from Tsiko Africa Logistics and Barberry Holdings for design, manufacture, supply and commissioning of diesel-electric locomotives. | Texmaco Rail & Engineering Ltd received a Letter of Award worth USD 135 million (approximately ₹1,125 crore) from Tsiko Africa Logistics (Pty) Ltd and Barberry Holdings (Pty) Ltd for design, manufacture, supply and commissioning of 4,500 HP Wabtec ES43ACi diesel-electric locomotives. The order is international and must be executed within 20-24 months from signing a definitive agreement. | filing |
| 6 Aug 2026 | Texmaco will complete Comprehensive Signalling and Telecommunication works for South Central Railway within 12 months from the date of Letter of Acceptance (2 July 2026). — Rs. 26.56 crores — by within 12 months from 2 July 2026 | ||
| 6 Aug 2026 | Texmaco will supply BFNSM1 rakes with BVCM wagons to JSW (South) Rail Logistics within 13.5 months of commencement. — Rs. 253.28 crores — by within 13.5 months from effective date | ||
| 6 Aug 2026 | Texmaco will supply ACT1 rakes with BVCM wagons to Sushila Transport by 31 October 2027. — Rs. 97.88 crores — by on or before 31 October 2027 | ||
| 3 Aug 2026 | Texmaco Q1FY27: Consolidated revenue ₹756.68 Cr (-16.9% YoY), PAT ₹50.04 Cr (+66.9% YoY) boosted by tax credit; EBITDA margin expands 200bps YoY to 10% despite revenue dip. | filing | |
| 3 Aug 2026 | Q1FY27 consolidated revenue fell to ₹756.68 crore, -16.9% YoY and -35.2% QoQ, while EBITDA margin held at 10% and PAT rose to ₹50.04 crore, but the profit increase was materially supported by ₹18.53 crore of other income. | filing | |
| 2 Jul 2026 | CARE Ratings reaffirms Texmaco Rail & Engineering's long-term and short-term credit ratings at CARE A; Stable / CARE A1 | Texmaco Rail & Engineering Limited announced that CARE Ratings Limited has reaffirmed its existing credit ratings: Long-term Bank Facilities at 'CARE A; Stable', Long-term/Short-term Bank Facilities at 'CARE A; Stable / CARE A1', and Short-term Bank Facilities at 'CARE A1'. There is no change in the ratings from the previous assessment. | filing |
| 14 Jul 2026 | Texmaco Rail & Engineering's CFO Kishor Kumar Rajgaria resigns due to personal reasons; effective date and further details to be intimated separately. | The Chief Financial Officer, Kishor Kumar Rajgaria, has resigned from the company for personal reasons. He will be relieved of his duties in due course as per HR policy, and the effective date of cessation along with other requisite details will be communicated separately. | filing |
| 31 Aug 2026 | Texmaco Rail confirms CFO Kishor Kumar Rajgaria's cessation effective 31 August 2026, following his resignation announced on 14 July 2026. | The company announced that CFO Kishor Kumar Rajgaria has been relieved from services effective 31 August 2026, formalizing the resignation intimated earlier. | filing |
Quick answers
- What did Texmaco Rail & Engineering disclose?
- Texmaco Rail & Engineering (TEXRAIL, BSE: 533326) disclosed on 1 September 2026 a Letter of Award worth USD 135 million from Tsiko Africa Logistics and Barberry Holdings for diesel-electric locomotives. The same day, it announced a Rs. 24.48 crore order from Transport Corporation of India.
- What are the key numbers?
- The 1 September filing for the USD 135 million order is distinct in scale and scope: design, manufacture, supply and commissioning of 4,500 HP Wabtec ES43ACi diesel-electric locomotives. The filing describes the order as international, to be executed within 20–24 months from signing a definitive agreement.
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