Jupiter Wagons Limited – they’re a big player in the manufacturing industry. They make stuff out of metal, like those big trucks you see on the road and rail freight wagons. You could say they’re kind of a big deal in their field.
Now, what’s interesting is that they’ve been doing pretty well lately. Profits are going up, and that’s got a lot of folks wondering: can their stock price hit 750? It’s an exciting question, and in this article, we’ll dive into what this company does, check out their recent good news, and see how they’ve been growing.
About Jupiter Wagons
Jupiter Wagons Limited is a company that focuses on making things out of metal, like load bodies for trucks, train wagons, and parts. They have a wide range of products that include shipping containers, skip-loaders, garbage-bin collectors, troop carrier vehicle bodies, prison van bodies, and water bowser bodies. These things are used in various industries like mining, road construction, transportation, waste management, and defense.
They have six places where they make all these products. These places are in Central India, specifically in Jabalpur (four of them), Indore, and Jamshedpur.
Big names like Tata Motors, VE Commercial Vehicles, Ministry of Defense, Mahindra & Mahindra, Reliance Industries, and the Ministry of Indian Railways are amongst their client . More than 70% of the money they make comes from working with Indian Railways.
They like to make things better. They design important parts for wagons themselves, like cold rolled form (CRF) sections. They are also working with partners from other countries to develop high-speed braking systems. This makes sure their products are up to date and safe.
In January 2019, Jupiter Wagons Ltd (JWL) became a big part of their company, and now they, along with their friends and leaders, own most of their company. Also, in June 2021, they decided to join forces with Jupiter Wagons Limited. This means they are becoming stronger and better together.
- Promoters steadily held 60.65% until December 2021, then increased to 74.62% by September 2022, remaining at that level.
- FIIs had minimal involvement, with a peak of 0.27% in March 2023.
- DIIs maintained around 9.33% until March 2022, then dropped to 2.15% in September 2022.
- Public ownership started at 30.02%, declined to 6.93% by September 2022, then surged to 25.11% by June 2023.
Recommended by Financesrule
| When | Maximum Price | Minimum Price |
| December 2023 | ₹336.96 | ₹293.01 |
Based on the projected share price targets for December 2023, Jupiter Wagons is anticipated to experience a trading range with a maximum price of ₹336.96 and a minimum price of ₹293.01.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹343.84 | ₹298.99 |
| February 2024 | ₹350.85 | ₹305.09 |
| March 2024 | ₹358.01 | ₹311.32 |
| April 2024 | ₹347.59 | ₹302.25 |
| May 2024 | ₹342.45 | ₹297.78 |
| June 2024 | ₹354.78 | ₹308.50 |
| July 2024 | ₹351.23 | ₹305.42 |
| August 2024 | ₹365.28 | ₹317.63 |
| September 2024 | ₹379.89 | ₹330.34 |
| October 2024 | ₹372.44 | ₹323.86 |
| November 2024 | ₹383.61 | ₹333.58 |
| December 2024 | ₹393.21 | ₹341.92 |
Based on the projected share price targets for 2024, Jupiter Wagons is expected to witness a fluctuating trend with prices ranging from ₹298.99 to ₹393.21 throughout the year. Investors should closely monitor market dynamics and company developments for a more nuanced understanding of potential risks and opportunities.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹401.07 | ₹308.51 |
| February 2025 | ₹411.35 | ₹316.43 |
| March 2025 | ₹427.40 | ₹328.77 |
| April 2025 | ₹419.02 | ₹322.32 |
| May 2025 | ₹406.81 | ₹312.93 |
| June 2025 | ₹425.12 | ₹327.01 |
| July 2025 | ₹416.78 | ₹320.60 |
| August 2025 | ₹429.67 | ₹330.52 |
| September 2025 | ₹444.71 | ₹342.09 |
| October 2025 | ₹456.27 | ₹350.98 |
| November 2025 | ₹467.68 | ₹359.75 |
| December 2025 | ₹479.37 | ₹368.75 |
In 2025, Jupiter Wagons is anticipated to witness a progressive growth trajectory in its share prices, ranging from ₹308.51 to ₹479.37. Investors should stay attuned to market dynamics and company performance for strategic decision-making in this period of potential market volatility.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹503.34 | ₹352.34 |
| 2027 | ₹553.68 | ₹387.57 |
| 2028 | ₹775.15 | ₹387.57 |
| 2029 | ₹671.12 | ₹335.56 |
| 2030 | ₹872.46 | ₹610.72 |
In the forecast for the years 2026 to 2030, Jupiter Wagons exhibits a bullish trend with increasing share prices, reaching a maximum of ₹872.46 in 2030. Investors may find potential opportunities in this upward trajectory, but diligent monitoring of market conditions is advised.
Jupiter Wagons Ltd Financial Condition: Last 5 Years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Sales + (Crore Rs) |
216 | 126 | 996 | 1,178 | 2,068 |
| Expenses + (Crore Rs) |
204 | 124 | 889 | 1,064 | 1,814 |
| Operating Profit (Crore Rs) |
12 | 2 | 106 | 114 | 254 |
| OPM % | 6% | 2% | 11% | 10% | 12% |
| Other Income + (Crore Rs) | 109 | 10 | 2 | 3 | 5 |
| Interest (Crore Rs) |
22 | 6 | 21 | 18 | 29 |
| Depreciation (Crore Rs) |
10 | 8 | 21 | 23 | 25 |
| Profit before tax (Crore Rs) |
89 | -3 | 66 | 76 | 205 |
| Tax % | 0% | 95% | 19% | 34% | 39% |
| Net Profit + (Crore Rs) |
89 | 0 | 54 | 50 | 125 |
| EPS in Rs | 9.91 | -0.02 | 5.98 | 5.59 | 3.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 15% |
- Sales: The company’s sales have shown a consistent growth trend over the years, increasing from ₹216 in March 2019 to ₹2,068 in March 2023.
- Expenses: Operating expenses have also increased but at a slower pace, rising from ₹204 in March 2019 to ₹1,814 in March 2023.
- Operating Profit (OP): The operating profit has generally increased, indicating improved profitability. It grew from ₹12 in March 2019 to ₹254 in March 2023.
- Other Income: The company’s other income has varied but remained relatively low compared to the core operating profit. It increased from ₹109 in March 2019 to ₹5 in March 2023.
- Profit before Tax (PBT): The profit before tax increased from ₹89 in March 2019 to ₹205 in March 2023, showing positive financial growth.
- Net Profit: Net profit showed improvement, increasing from ₹89 in March 2019 to ₹125 in March 2023. The company is retaining more earnings after expenses.
- Dividend Payout %: The company initiated a dividend payout of 15% in March 2023 after having a 0% dividend payout for the preceding years. The initiation of a dividend payout in March 2023 demonstrates confidence in the company’s stability and value creation for shareholders.
The company seems to be doing better financially.
FAQs
What Is The Market Cap Of Jupiter Wagons?
The market capitalization of Jupiter Wagons currently stands at ₹12,851 crore.
The share price target for 2030 is projected to be in the range of ₹610.72 to ₹872.46.
What Is The Return On Equity?
As of the most recent data available, Jupiter Wagons Limited is reporting a robust return on equity (ROE) of 17%
What Is The Jupiter Wagons Ltd’s Compounded Profit Growth ?
Their current compounded profit growth rates are as follows: 10 years: 21%, 5 years: 40%, 3 years: 174%, and TTM (Trailing Twelve Months): 232%.
Based on the data and analysis from the above thread, it’s possible that the share price for Jupiter Wagons could cross the ₹750 mark by 2030, given its consistent profit growth and positive performance indicators.
Should One Invest In Jupiter Wagons?
Let’s look at whether investing in Jupiter Wagons is a good idea based on the information we have.
On the positive side, the company has been making more money over the past five years, with profits growing at a rate of 40.0% annually. That’s a good sign, showing the company’s ability to make money.
However, there are some concerns to think about. The stock is trading at a relatively high price compared to its book value, which might mean it’s a bit overpriced. Also, the fact that the promoters have reduced their stake by -2.26% recently is something to note, as promoters typically believe in their companies.
Additionally, the company’s return on equity (ROE) has been low, at just 12.9% over the last three years, suggesting they might not be using shareholders’ money as effectively as they could.
Another point is that it’s taking the company longer to collect payments from its customers, with debtor days going from 28.7 to 37.6 days. This can affect cash flow and how quickly they can access funds.
In short, investing in Jupiter Wagons could be a good idea given their profit growth, but low ROE and extended debtor days are potential concerns. It’s wise to do some extra research, think about your investment goals, and maybe chat with a financial advisor before making a decision.
What did we learn?
