Navratan SIP on Zee Business: Buy Texmaco Rail Share - Check price target

Navratan SIP on Zee Business: In a special edition of Navratna SIP aired on Zee Business today, September 30, morning, research analyst Varun Dubey recommended Texmaco Rail and Engineering Limited, NSE: TEXRAIL, for investment.

Texmaco Rail is a flagship company of the Adventz Group and is mainly in the business of heavy engineering, steel foundry and Railway EPC.

According to Dubey, the company has a total order book of Rs 10,000 crore and it recently got an order of supplying 20,000 wagons worth Rs 6,450 crore. "Texmaco has to provide these 20,000 wagons over a period of thirty-nine months. The other important thing about the Texmaco is that it is completely debt free at a net level," he added.

Zee Business Managing Editor Anil Singhvi said that Texmaco will definitely get huge orders under Indian Railway's mordernisation plan. 

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— Zee Business (@ZeeBusiness) September 30, 2022

"It already has some big orders from Indian Railways. It recently got an order of Rs 6,450 crore. Additionally, it has a market cap of 1,500 crore and sales of 1,800 crore. So the company has strong growth prospects. Even after completing its expansion plan, the company has 186 crore in cash. Another important thing is that that company has a very attractive valuation," Singhvi said.

He emphasized that this is the best time to invest in Texmaco Rail. 

"This is because there is a lot of emphasise on the Railway sector and this is evident by the fact the government has planned mordenisation plan worth Rs 1 lakh crore," Singhvi added.

Texmaco Rail and Engineering Share Price Target - Rs 65 (6-8 months)