Jupiter Wagons stock | Expectations for 2026, valuation & analysis

Jupiter Wagons

NSEI:JWL

Rp 256,68

+ Rp18,58 (7,80%)

256,68 Rp

+Rp18,58 (7,80%)

End-of-day quote: 04/02/2026

Jupiter Wagons Stock Value

The current analyst rating for NSEI:JWL is Outperform.

Outperform

Jupiter Wagons Company Info

EPS Growth 5Y

10,19%

Market Cap

Rp101,76 B

Long-Term Debt

Rp0,27 B

Annual earnings

05/15/2026 (E)

Dividend

Rp2,00

Dividend Yield

0,78%

Founded

1979

Industry

Industrials

Country

India

Website

Jupiter Wagons

ISIN Number

INE209L01016

Website

http://www.jupiterwagons.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp295,00

14.93%

Last Update: 04/02/2026

Analysts: 3

Highest Price Target Rp376,00

Average Price Target Rp295,00

Lowest Price Target Rp276,00

In the last five quarters, Jupiter Wagons’s Price Target has fallen from Rp697,67 to Rp336,00 - a -51,84% decrease. Three analysts predict that Jupiter Wagons’s share price will increase in the coming year, reaching Rp295,00. This would represent an increase of 14,93%.

Top growth stocks in the industrials sector (5Y.)

What does Jupiter Wagons do?

Jupiter Wagons Limited manufactures rail and road transportation vehicles and components. The company produces of a range of railway rolling stock and associated equipment. Business Segments The company operates through several key segments, primarily focusing on rolling stock manufacturing and related services. The main business segments include freight wagons, passenger coaches, and specialized transportation vehicles. The company specializes in freight vehicles comprising various types of w...

Jupiter Wagons Limited manufactures rail and road transportation vehicles and components. The company produces of a range of railway rolling stock and associated equipment.

Business Segments

The company operates through several key segments, primarily focusing on rolling stock manufacturing and related services. The main business segments include freight wagons, passenger coaches, and specialized transportation vehicles. The company specializes in freight vehicles comprising various types of wagons.

Freight Wagon

This segment, the company manufactures products including but not limited to open wagons, covered wagons, and flat wagons, catering to the needs of its clients.

Passenger Coaches

This segment is critical to improving the travel experience within India's rail network; thus, its products prioritize safety, comfort, and accessibility.

Specialized Vehicles

This segment of the company focuses on customized solutions designed for specific applications. This aspect of the business provides designs for different industries.

Business Strategy

The company employs a multi-faceted business strategy predicated upon innovation, quality, and customer-centricity. It aims to achieve sustainable growth through diversification and continuous improvement within each of its primary business segments. The company’s strategy hinges on leveraging its core competencies and extensive industry knowledge to innovate its product lines, thereby adapting to the evolving needs of the transport sector.

Collaborative partnerships and alliances with key stakeholders are vital to the company’s strategy. The company aims to expand its market reach and influence in domestic and international markets. The company actively seeks opportunities in public procurement and private contracts, leveraging its expertise in the production of rail vehicles to attract a diverse clientele.

Products and Services

The company offers an array of products and services catered to the transportation sector. Its principal offerings include freight wagons, passenger coaches, and specialized vehicles.

The freight wagons produced by the company are designed to transport a range of goods, including bulk materials such as coal, minerals, and agriculture products.

The passenger coaches incorporate modern amenities and adhere to the latest safety regulations, thus enhancing the travel experience for users. The design is both aesthetic and functional, addressing the evolving preferences of rail passengers.

Specialized vehicles constitute another critical aspect of the company’s offerings. These vehicles are custom designed based on specific applications outlined by clients across varied industries.

In addition to manufacturing, the company provides comprehensive after-sales support services. These services include maintenance, repair, and parts supply.

Geographical Markets Served

The company primarily serves the Indian market, where it has established a strong presence through its extensive network and partnerships with government agencies, private corporations, and infrastructure developers. The company has been instrumental in supporting the Indian railways and contributing to the country's transportation infrastructure.

Seasonality

The company experiences certain seasonal fluctuations that influence its operations significantly. The company prepares for these fluctuations by employing flexible production strategies and maintaining strong relationships with suppliers to ensure timely availability of raw materials. To mitigate the impacts of seasonality on financial performance, the company focuses on diversifying its product offerings across various segments, seeking to balance demand throughout the year.

Customers

The company serves a clientele that spans various sectors of the transportation industry. The primary customers include government agencies responsible for railway operations, private logistics companies, and large-scale industrial enterprises requiring custom transportation solutions. In addition to large institutional customers, the company also caters to smaller entities within the transport sector, creating a broad customer base.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing that includes direct sales, partnerships, and strategic collaborations. The company utilizes a dedicated sales force to establish relationships with potential customers.

Marketing efforts encompass a blend of traditional and digital channels, allowing the company to reach diverse audiences effectively. This includes participation in industry trade shows and exhibitions where the company's products can be showcased, enhancing visibility within the target market.

History

The company was incorporated in 1979. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in 2022.

Jupiter Wagons Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Railway Industry: approx. 60% - Automotive Industry: approx. 25% - Defense Industry: approx. 15% **TOP 3 Markets:** 1. India: approx. 50% 2. USA: approx. 30% 3. Europe: approx. 20% Jupiter Wagons Limited generates the majority of its revenues from the railway industry, att...

At which locations are the company’s products manufactured?

**Production Sites:** India Jupiter Wagons Limited mainly produces its products in India. The company is known for manufacturing railway wagons and other rail vehicles. The production facilities are located in strategically important regions within India to efficiently serve both the domestic and i...

What strategy does Jupiter Wagons pursue for future growth?

**Revenue Growth:** Estimated 10% annually (based on the latest reports until 2023) **Strategic Initiatives:** 1. **Diversification of Product Portfolio:** Jupiter Wagons Limited plans to expand its product offering beyond traditional wagons to tap into new market segments. 2. **Technological I...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, Aluminum, Copper **Countries of origin:** China, Japan, South Korea, Germany Jupiter Wagons Limited mainly imports steel, aluminum, and copper, which are essential for the manufacturing of wagons and other rail vehicles. China is one of the largest exporters of steel...

How strong is the company’s competitive advantage?

**Market Share:** 25% (estimated, 2026) **EBITDA Margin:** 18% (2026) **R&D Expenses:** 5% of revenue (2026) Jupiter Wagons Limited has established itself in recent years as one of the leading manufacturers in the rail vehicles sector. The estimated market share of 25% indicates a strong...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 35% (estimated, 2026) **Insider Buys/Sells:** No significant transactions in the last year (estimated, 2026) The institutional investor share in Jupiter Wagons Limited is estimated to be around 35%. This suggests that a significant portion of the shares is held b...

What percentage market share does Jupiter Wagons have?

**Market share of Jupiter Wagons Limited:** Estimated 5% (2026) **Top competitors and their market shares:** 1. **Titagarh Wagons Limited:** 12% 2. **Texmaco Rail & Engineering Limited:** 10% 3. **BEML Limited:** 8% 4. **Cimmco Limited:** 6% 5. **Jupiter Wagons Limited:** 5% 6. **Stone India Li...

Is Jupiter Wagons stock currently a good investment?

**Revenue Growth:** 18.5% (2025) **EBITDA Growth:** 16.2% (2025) **Market Share in the Rail Vehicle Sector:** 12% (2025) Jupiter Wagons Limited recorded strong revenue growth of 18.5% in 2025, attributed to increased demand in the rail vehicle sector and successful expansions into new markets. The...

Does Jupiter Wagons pay a dividend – and how reliable is the payout?

**Dividend yield:** 2.5% (estimated for 2026) **Dividend history:** Regular payouts over the last 5 years Jupiter Wagons Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 2.5% for 2026 is based on past payouts and th...

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Jupiter Wagons Stock Value

Jupiter Wagons Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Jupiter Wagons do?

Jupiter Wagons Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Jupiter Wagons Stock Value

Jupiter Wagons Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Jupiter Wagons do?

Jupiter Wagons Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.