Jupiter Wagons Ltd is a leading Indian manufacturer of railway freight wagons, passenger coaches, and metro rail components. Incorporated in 1985 and headquartered in Kolkata, the company has emerged as a key player in India’s rail infrastructure ecosystem, with a strong presence in both domestic and international markets (including Europe, Africa, and Southeast Asia). Backed by robust order inflows from Indian Railways and private operators, Jupiter Wagons has demonstrated consistent profitability and capital efficiency. This article provides a data-backed outlook on the Jupiter Wagons share price target 2026–2030.
Jupiter Wagons Ltd: Company Overview
- Founded: 1985
- Headquarters: Kolkata, West Bengal
- Key Segments: Freight Wagons (70%+ of revenue), Passenger Coaches, Metro Rail Components, Defence & Industrial Products
- Market Position: Among the top 3 private wagon manufacturers in India; exporter to 25+ countries
- Strategic Edge: In-house R&D, certified by the European Railway Agency (ERA), and backward integration in critical components
Jupiter Wagons benefits from India’s massive rail modernization push under the National Rail Plan and PM Gati Shakti. The company also supplies to metro projects (e.g., Mumbai, Delhi) and defense logistics—diversifying beyond traditional freight.
Jupiter Wagons Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹324.00 |
| Market Capitalization | ₹13,846.80 Cr |
| No. of Shares Outstanding | 42.74 Cr |
| 52-Week High / Low | ₹457 / ₹247 |
| P/E Ratio (TTM) | 49.32 |
| P/B Ratio | 4.73 |
| EPS (TTM) | ₹6.57 |
| Book Value (TTM) | ₹68.54 |
| ROE | 17.19% |
| ROCE | 21.60% |
| Dividend Yield | 0.31% |
| Face Value | ₹10 |
| Cash | ₹417.64 Cr |
| Total Debt | ₹394.08 Cr |
| Debt-to-Equity | 0.14 |
| Sales Growth (YoY) | 6.30% |
| Profit Growth (YoY) | 12.09% |
| Promoter Holding | 68.31% |
Jupiter Wagons Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹350 – ₹390 |
| 2027 | ₹380 – ₹430 |
| 2028 | ₹410 – ₹480 |
| 2029 | ₹440 – ₹530 |
| 2030 | ₹470 – ₹580 |
Jupiter Wagons Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹350 | ₹390 |
Jupiter Wagons reported 12.09% YoY profit growth and 6.3% sales growth in FY2025, driven by strong wagon deliveries and margin stability. However, its P/E of 49.3x reflects a premium valuation—justified only by sustained execution. The stock has corrected ~29% from its 52-week high due to profit-taking and sector rotation. A 2026 target of ₹350–₹390 assumes continued order book conversion and stable input costs.
Jupiter Wagons Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹380 | ₹430 |
The company’s order book stood at ₹3,200+ Cr as of Q3 FY26, providing 18–24 months of revenue visibility. If EPS reaches ₹7.20–₹7.80 by FY27 and P/E moderates to 48–50x, the 2027 range of ₹380–₹430 is realistic.
Jupiter Wagons Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹410 | ₹480 |
By 2028, benefits from metro rail component exports and defense contracts should contribute meaningfully. Assuming EPS of ₹7.80–₹8.50 and P/E of 48–52x, the ₹410–₹480 band is justified.
Jupiter Wagons Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹440 | ₹530 |
Long-term tailwinds include India’s freight modal shift to rail and global demand for cost-efficient rolling stock. Using a P/E of 50–54x on projected EPS (~₹8.20–₹9.80), the 2029 target is ₹440–₹530.
Jupiter Wagons Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹470 | ₹580 |
Over a five-year horizon, Jupiter Wagons’ value lies in its irreplaceable role in rail logistics—not explosive growth. A terminal P/E of 52–56x on FY30 EPS (~₹8.50–₹10.40) supports the ₹470–₹580 range.
Jupiter Wagons Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 68.31% |
| Public & Retail | 26.45% |
| Foreign Institutional Investors (FII) | 4.48% |
| Domestic Institutional Investors (DII) | 0.76% |
| Others | 0.00% |
High promoter holding ensures strategic continuity, while rising retail participation reflects confidence in the rail theme.
Jupiter Wagons Ltd: Strengths vs Risks
Strengths:
- Industry-leading ROCE (21.60%) and consistent ROE (~17%)
- Strong order book with multi-year visibility
- Export diversification (Europe, Africa, ASEAN)
- Low debt-to-equity (0.14) and healthy cash flow
Risks:
- P/E of 49x leaves little room for execution misses
- Minimal dividend yield (0.31%) limits income appeal
- Exposure to steel price volatility and railway budget cycles
- Competition from Titagarh, Texmaco, and BEML
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (small-cap industrial stock) |
| Dividend/Income Potential | Minimal (0.31% yield) |
| Best For | Growth-oriented investors seeking India’s rail infrastructure story |
- Profit-taking after a 45% rally in 2024
- Rich valuation (P/E >49x) prompting rotation into value stocks
- Near-term concerns over steel input costs
Final Verdict
Jupiter Wagons Ltd combines niche engineering expertise, export potential, and policy tailwinds. While trading at a premium, its capital efficiency and order book provide credibility. Our Jupiter Wagons share price target 2026–2030 (₹350 to ₹580) reflects steady appreciation—if execution stays on track.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Jupiter Wagons Consolidated Page (FY2025 + TTM)
- Finology Ticker – JWL Financial Ratios & Valuation
- Jupiter Wagons Investor Presentation (Q2 FY26, Nov 2025)
- Ministry of Railways – National Rail Plan 2030
- BSE India – Annual Report FY2025
