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Indian Railways is the world's fourth-most extensive rail network. Since its inauguration in 1853, it has served millions of people, transported tons of goods, and played a significant role in boosting the Indian economy. Numerous people and industries depend on this sector and its services, making it one of the evergreen sectors.
With the introduction of trains such as Vande Bharat Express, the modernization of its existing infrastructure, passenger amenities, and more, securities of Indian railway companies listed on the stock exchange are experiencing high demand.
Investors and traders see a promising future in the best railway stocks in India and are investing in them. Experts consider it an emerging wealth creator in the stock market.
So, what are those top railway stocks in India that you can consider investing in? Or Should you consider investing in railway sector stocks in India? These are some questions that must arise in your head.
Don't worry. In this blog, you'll get the list of the best railway stocks in India, prepared by trading experts. However, before investing, you must understand the market, your financial conditions, stock understanding, and risk-bearing capacity.
Railway Stocks List with Price in India
| S.No | Share Name | CMP (Current Market Price) | 52 Weeks High | 52 Weeks Low | Market Capital in Crores |
| 1 | Indian Railway Catering and Tourism Corporation | ₹1,026 | ₹1,050 | ₹576 | ₹82,044 |
| 2 | Bharat Electronics | ₹224 | ₹226 | ₹98.8 | ₹1,63,666 |
| 3 | Indian Railway Finance Corporation | ₹148 | ₹193 | ₹27.2 | ₹1,92,760 |
| 4 | Rail Vikas Nigam Ltd | ₹262 | ₹346 | ₹72.5 | ₹54,565 |
| 5 | Ircon International | ₹230 | ₹281 | ₹57.0 | ₹21,670 |
| 6 | Titagarh Rail Systems | ₹949 | ₹1,249 | ₹277 | ₹12,781 |
| 7 | Texmaco Rail and Engineering Ltd | ₹172 | ₹232 | ₹44.6 | ₹6,861 |
| 8 | Bharat Earth Movers Limited | ₹3,434 | ₹4,144 | ₹1184 | ₹14,298 |
| 9 | Jupiter Wagon Ltd | ₹383 | ₹434 | ₹95.3 | ₹15,807 |
| 10 | Rites Ltd | ₹684 | ₹826 | ₹340 | ₹6,425 |
Data is as of 9th April 2024. Download online trading app to check the current price!
List of 10 Railway Stocks in India
#1. Indian Railway Catering and Tourism Corporation
Established in 1999, the Indian Railway Catering and Tourism Corporation, also known as IRCTC, has evolved the Indian railways service. IRCTC provides various services to Indian railway passengers, including e-ticketing, e-catering, drinking water, retiring rooms, executive lounges and more. IRCTC stocks are among the best railway stocks in India that you can consider investing in.
| Market Cap | ₹82.044 Cr | Current Value | ₹1,026 | High/Low | ₹1,050/578 |
| Stock P/E | 72.1 | Book Value | ₹35.6 | Dividend Yield | 0.54% |
| ROCE (Return on Capital Employed) | 59.2% | ROE (Return on Equity) | 45.4% | Face Value | ₹2.00 |
#2. Bharat Electronics Limited
Another top railway stock in India is Bharat Electronics Limited. Primarily, the company manufactures advanced electronics products and equipment for Indian armies. However, it is also engaged in railway projects such as communication-based train control systems, automatic fare collection gates, and collision avoidance systems.
| Market Cap | ₹1,63,666 Cr | Current Value | ₹224 | High / Low | ₹226 / 98.8 |
| Stock P/E | 45.9 | Book Value | ₹20.3 | Dividend Yield | 0.80% |
| ROCE (Return on Capital Employed) | 29.9% | ROE (Return on Equity) | 22.8% | Face Value | ₹1.00 |
#3. Indian Railway Finance Corporation Ltd
If you’re looking for such an Indian railway stock directly under the control of the Ministry of Railways, the Indian Railway Finance Corporation (IRFC) is one of them. The company is the funding arm of Indian railways and mobilises the funds from domestic and overseas markets to meet the requirements of Indian railways’ extra-budgetary resources. It is considered one of the best stocks from the list of railway stocks in india.
| Market Cap | ₹1,92,760 Cr | Current Value | ₹148 | High / Low | ₹193 / 27.2 |
| Stock P/E | 31.9 | Book value | ₹36.9 | Dividend Yield | 1.02% |
| ROCE (Return on Capital Employed) | 5.32% | ROE (Return on Equity) | 14.7% | Face Value | ₹10.0 |
#4. Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd deals with the Indian railways transportation development, construction and more. It acts as an extended arm of the Ministry of Railways, working dedicatedly to empower the Indian railway systems.
| Market Cap | ₹54,565 Cr | Current value | ₹262 | High/Low | ₹346 / 72.5 |
| Stocks P/E | 37.5 | Book Value | ₹37.9 | Dividend Yield | 0.82% |
| ROCE (Return on Capital Employed) | 17.8% | ROE (Return on Equity) | 20.8 % | Face Value | ₹10.0 |
#5. Ircon International
Indian Railway Construction International Limited, Ircon International is a globally recognised Indian engineering and construction corporation specialised in transformation infrastructure. Indian railways established Ircon in 1976.
| Market Cap | ₹21,670 Cr | Current Value | ₹230 | High/Low | ₹281 / 57.0 |
| Stock P/E | 23.0 | Book Value | ₹58.9 | Dividend Yield | 1.28% |
| ROCE (Return on Capital Employed) | 15.7% | ROE (Return on Equity) | 15.4% | Face Value | ₹2.00 |
#6. Titagarh Rail Systems
Titagarh Rail Systems is a private-sector company formerly known as Titagarh Wagons Limited. It is involved in designing and manufacturing wagons such as tank wagons, clicker wagons, grain hoppers, container flats, etc. The company also provides wagons to the global market.
| Market Cap | ₹12,781 Cr | Current Value | ₹949 | High/Low | ₹1,249/277 |
| Stock P/E | 50.1 | Book value | ₹103 | Dividend Yield | 0.05% |
| ROCE (Return on Capital Employed) | 17.6% | ROE (Return on Equity) | 13.9% | Face value | ₹2.00 |
#7. Texmaco Rail and Engineering Ltd
Texmaco Rail & Engineering Ltd. is another private sector company primarily engaged in manufacturing railway wagons, coaches, hydro-mechanical equipment, steel grinders for railway bridges, locomotives, etc. The company, established in 1939, is headquartered in Kolkata, among the renowned railway companies.
| Market Cap | ₹6,861 Cr | Current Value | ₹172 | High/Low | ₹232/44.6 |
| Stock P/E | 82.5 | Book Value | ₹35.9 | Dividend Yield | 0.09% |
| ROCE (Return on Capital Employed) | 6.63% | ROE | 1.47% | Face Value | ₹1.00 |
#8. Bharat Earth Movers Limited
Bharat Earth Movers Limited, BEML, is a public sector railway transportation company that manufactures heavy equipment for mining, earth moving, railway transport, and more. BEML is headquartered in Bengaluru and is among Asia's second-largest earth-moving equipment manufacturers. The BEML stock is one of the promising railway stocks in India to invest in.
| Market Cap | ₹14,298 Cr | Current Value | ₹3,434 | High/low | ₹4,144/1,184 |
| Stock P/E | 78.2 | Book value | ₹569 | Dividend Yield | 0.29 |
| ROCE (Return on Capital Employed) | 10.5% | ROE (Return on Equity) | 6.30% | Face Value | ₹10.0 |
#9. Jupiter Wagons Ltd
Jupiter Wagons Limited is one of the top railway stocks in India, and it manufactures railway freight cars, passenger coaches, wagon components, and more. Jupiter Wagons is a private sector company that provides products to various private companies along Indian railways.
| Market Cap | ₹15,807 Cr | Current Value | ₹383 | High/Low | ₹434/95.3 |
| Stock P/E | 58.6 | Book Value | ₹25.6 | Dividend Yield | 0.13% |
| ROCE (Return on Capital Employed) | 24.4% | ROE (Return on Equity) | 16.8% | Face Value | ₹10.0 |
#10. RITES Ltd
RITES is the last but one of the significant railway stocks in India. It is a leading company in the transport consultancy and engineering sectors in India. The company is engaged in various Indian Railway projects, including a dedicated freight corridor, high-speed passenger training, network expansion, railway electrification, and more.
| Market Cap | ₹16,425 CR | Current Value | ₹684 | High/Low | ₹826/340 |
| Stock P/E | 35.6 | Book Value | ₹107 | Dividend Yield | 3.00% |
| ROCE (Return on Capital Employed) | 29.7% | ROE (Return on Equity) | 21.3% | Face value | ₹10.0 |
Should You Invest in Railway Sector Stocks?
Indian railway industries are among the top choice stocks for investors. The industry is large, supported by governments, growing consistently, and eyeing more technological advancements and growth. Hence, you can consider investing in railway stocks.
However, you must know that the Indian railway stocks are highly affected by geopolitics, changes in government regulations, labour disputes, external influences, and more.
So, while selecting railway stocks for investing, one must consider
- Your risk-bearing appetite
- Market volatility
- Demand
- Government policies & regulations
- Market trends
Are you planning to invest for the long term? Here are 10 best stocks to buy for the long term in 2024.
How to Invest in Railway Stocks in India?
Here is the step-by-step guide to investing in Railway stocks in India.
Step 1: Download GoPocket App
GoPocket is a leading online trading platform for buying stocks, investing in IPOs, Futures, and Options, and starting SIPs. You can download the GoPocket app from the app store.
Step 2: Open a Demat Account
Once the app is downloaded, you can proceed to open a demat account. To do so, you will need an active mobile number, email ID, your PAN card, bank details, income proof, a passport-size photo, and a signature.
Step 3: Search for Railway Stocks
Now that you have a Demat account, explore the app and search for top railway stocks in India. Check the current market price (CMP), 52-week high/low, market capital, return on equity, etc., to find the best stocks for your investment.
Step 4: Buy Stocks as per Your Risk-appetite
Calculate risk-bearing capacity, your current portfolio, balance, and other required things. Define units as per your budget and buy the stocks.
