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JWL — Jupiter Wagons Limited

NSE · Energy · Large Cap · Mkt cap ₹99.6B · Vol 24.06M

₹233.12

▲ +2.21% today

Live · market · updated 10:21:42 PM

Day ₹220.59–₹244.80 · 52w ₹218.45–₹358.25

Research Jupiter Wagons Limited (NSE: JWL) using available valuation, profitability and leverage data. Check each figure's source and compare reporting periods before drawing conclusions. Missing provider data must not be treated as a reported company fact.

About Jupiter Wagons Limited

Listed company
Jupiter Wagons Limited
Exchange and ticker
NSE stock directory · JWL
Provider sector
Industrials
Provider industry
Railroads

Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally. It provides open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also offers train sets, passenger, and metro coaches; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; commercial vehicles; commercial electric vehicles; and containers, such as marine, refrigerated, and truck mounted containers, as well as cold chain transport solution. Further, the company engages in letting out of property; and manufacturing of electrical equipment, as well as provides drone delivery services. It serves railways, private wagon aggregators, commercial vehicles OEMs, and defense and logistics companies. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. The company was incorporated in 1979 and is based in Kolkata, India.

Source: Yahoo Finance — Jupiter Wagons Limited company profileCompany website

Financial statements and reporting periods

Available ratios are snapshots. This page does not provide a complete historical quarterly-results, profit-and-loss, balance-sheet or shareholding series. Use company filings to verify reporting periods, accounting changes and trends.

DeepScreen verdict

Caution
42
42

Weighted 13-factor score / 100

Jupiter Wagons Limited scores 42/100 on the DeepScreen quality-and-value model. Growth is running near 46% with a PEG of 3.73, ROCE of 9.14% and debt/equity at 0.33x. Valuation, leverage or returns are stretched relative to what the business currently earns.

Strengths

  • + Operating Leverage: 2.21x — good upside gearing
  • + Debt / Equity: 0.33x — conservative balance sheet
  • + LT Debt / Equity: 0.26x — very low structural debt
  • + P/S Ratio: 3.19x — moderate

Risks

  • − PEG Ratio: 3.73 — overvalued vs. growth
  • − ROE: 6.4% — weak
  • − P/E Ratio (TTM): 56.0x — expensive — priced for high growth
  • − EV/EBITDA: 28.0x — high multiple

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Why this score?

The 42/100 score is a weighted average of 13 fundamental factors. This panel shows which factor scores contribute most to the current model result.

Model explanation

Highest-scoring factors

Operating Leverage100/100 · 0.6× weight

Good upside gearing. Weighted contribution: 4.7 points.

Debt / Equity98/100 · 1.1× weight

Conservative balance sheet. Weighted contribution: 8.4 points.

LT Debt / Equity96/100 · 0.8× weight

Very low structural debt. Weighted contribution: 6.0 points.

P/S Ratio81/100 · 0.7× weight

Moderate. Weighted contribution: 4.4 points.

Lowest-scoring factors

PEG Ratio5/100 · 1.6× weight

Overvalued vs. growth. Weighted contribution: 0.6 points.

ROE10/100 · 1.3× weight

Weak. Weighted contribution: 1.0 points.

P/E Ratio (TTM)13/100 · 1.0× weight

Expensive — priced for high growth. Weighted contribution: 1.0 points.

EV/EBITDA14/100 · 1.2× weight

High multiple. Weighted contribution: 1.3 points.

Factor scores are model outputs, not forecasts. A high or low factor score describes how that metric is treated by the DeepScreen rules; review the underlying value and its source before drawing a broader conclusion.

Live fundamentals snapshot

Current operating, capital-efficiency and cash-flow metrics using the latest available provider data. Indian ratios are supplemented by Screener.in when available.

Live where available
Updated 10:21:42 PM
Revenue growthLive
46.0%

Provider-reported period-over-period growth

Earnings growthLive
-14.3%

Provider-reported period-over-period growth

ROELive
6.4%

Return on equity

ROCELive
9.1%

Return on capital employed

Net marginLive
5.3%

Net income as a share of revenue

D/ELive
0.3x

Debt relative to shareholder equity

Free cash flowModeled
Unavailable

Latest provider figure

Cash vs debtLive
₹3.45B net debt

Cash ₹6.51B · Debt ₹9.96B

Earnings growth is 60.3 percentage points below revenue growth in the latest provider snapshot.

Provider periods can differ by field. Growth figures are presented as reported by the upstream provider; they are not reconstructed from an expensive historical time series.

Current research alerts

Threshold-based research checks from the latest available fundamentals. These are on-page signals, not push notifications or predictions.

No threshold-based research flag

Operating Leverage: 2.21x — good upside gearing

Signals are intended to highlight questions for research, not replace company filings or independent review.

Closest peer competitors

Industry match: Railroads. Peers use the same regional market universe, same sector, provider-reported industry where available, and market-cap proximity.

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Peer fundamentals are still loading. The comparison will populate automatically when comparable company data arrives.

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God's Eye forensics

Accounting quality and solvency screens. Anything that can't be computed from available filings data is left blank rather than estimated.

Piotroski F-Score

4/5

4

4 of 5 financial-health checks passed (4 checks need data this provider doesn't publish).

Altman Z-Score

Insufficient data

—

Needs total assets, operating profit and debt — not published for this listing yet.

Beneish (earnings quality)

Insufficient data

—

The full manipulation model needs two years of receivables, depreciation and accrual data, which isn't published for this listing.

Scores are free. The criteria-by-criteria breakdown — exactly which checks this company failed — is part of DeepScreen Pro.

Fundamental breakdown — core ratios are free · EV/Revenue, PEG, EV/EBITDA and LT D/E are Pro-only Screener.in filing ratios + live market data, updated 10:21:42 PM

P/E Ratio (TTM)

Screener

56.0x

Expensive — priced for high growth

Price divided by earnings per share: how much you pay today for ₹1/$1 of annual profit. Only compare within the same industry.

PEG Ratio

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

P/S Ratio

Screener

3.19x

Moderate

Price relative to revenue. Sales are much harder to accounting-fudge than earnings, so this is a trustworthy number — and it's often the only usable multiple for loss-making or early-stage companies where P/E doesn't exist. But revenue without margin means nothing on its own: always read it alongside net margin.

P/B Ratio

Screener

3.34x

Premium to book

Price versus net asset value on the balance sheet. Most meaningful for banks, NBFCs and asset-heavy businesses (manufacturing, real estate) where book value closely tracks real worth.

EV/Revenue

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

EV/EBITDA

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

ROE

Screener

6.4%

Weak

Return on shareholder equity. High ROE is great — unless it is manufactured by heavy debt, so always read it next to ROA and D/E: high ROE with low ROA is the classic debt-trap pattern.

ROA

Modeled

4.8%

Asset-heavy / inefficient

Net Income / Total Assets — how efficiently the whole business converts its asset base into profit. Computed as ROE / (1 + D/E) when live data is unavailable. Only compare within the same industry: asset-light businesses (IT, services) will always show a structurally higher ROA than asset-heavy ones (steel, airlines, utilities) simply because they carry far less on the balance sheet to begin with, not because they're better run.

ROCE

Screener

9.1%

Below cost of capital risk

Return on all capital employed (equity plus debt). The cleanest quality signal because debt cannot flatter it.

Debt / Equity

Screener

0.33x

Conservative balance sheet

Total liabilities divided by shareholders' equity — the broadest leverage measure. High leverage boosts ROE in good years and destroys it in bad ones.

LT Debt / Equity

Modeled

Pro

Advanced ratio · DeepScreen Pro

Pro

Payout Ratio

Screener

0%

Full reinvestment — no dividend

Share of profit paid out as dividend. Above 100% means the company is funding the dividend from debt or reserves, not profit — a genuine red flag, not just 'high'. 30–60% is the classic sustainable balance; well below that usually just means a growth company reinvesting rather than anything wrong.

Operating Leverage

Modeled

2.21x

Good upside gearing

How much profit jumps for each 1% of extra sales — driven by how much of the cost base is fixed (rent, salaries) versus variable (raw materials). It's a double-edged sword: high fixed-cost businesses (manufacturing, airlines, software) see profit jump disproportionately as sales grow, but the same fixed costs turn a small sales dip into an outsized loss. That's also why these businesses tend to lead in a bull market and get hit hardest first when demand turns down.

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Company financials

EPS (TTM)
₹3.91
Revenue (TTM)
₹31.3B
Net margin
5.33%
EBITDA margin
11.8%
Earnings growth
46%
Dividend yield
0%
Payout ratio
0%
Debt / equity
0.33x

Figures use live Yahoo Finance data where available; any field Yahoo doesn't report falls back to the DeepScreen model.

JWL live news

LIVE

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Frequently asked questions about JWL

How does DeepScreen analyze Jupiter Wagons Limited?
DeepScreen uses a 13-factor valuation and quality model. The methodology explains the inputs, weighting and limitations; model output is analytical research, not a personalized investment recommendation.
What is JWL's P/E ratio?
The latest provider-backed P/E available to DeepScreen is 56.0x. Compare it with the company's own historical range, sustainable earnings growth and close industry peers, using the same reporting period.
How should I assess Jupiter Wagons Limited's profitability?
For Jupiter Wagons Limited, the latest provider-backed snapshot shows the latest growth measure is 46.00%, net margin is 5.33%, ROE is 6.4%, ROCE is 9.1%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
How much debt does Jupiter Wagons Limited have?
The latest provider-backed debt-to-equity ratio is 0.33x. Total debt is approximately ₹9.96B, while cash is approximately ₹6.51B. Assess leverage together with interest expense, maturities and operating cash flow.
Is JWL a buy?
DeepScreen provides research tools rather than a personalized recommendation. A decision should consider business quality, valuation, balance-sheet risk, disclosures, liquidity and your own objectives and risk tolerance.
How does the company make money?
Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally. It provides open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also offers train sets, passenger, and metro coaches; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; commercial vehicles; commercial electric vehicles; and containers, such as marine, refrigerated, and truck mounted containers, as well as cold chain transport solution. Further, the company engages in letting out of property; and manufacturing of electrical equipment, as well as provides drone delivery services. It serves railways, private wagon aggregators, commercial vehicles OEMs, and defense and logistics companies. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. The company was incorporated in 1979 and is based in Kolkata, India. This describes the company's disclosed business activity; for exact segment revenue, geography and customer concentration, use the latest annual report.
What is the company's competitive advantage (economic moat)?
Jupiter Wagons Limited's potential moat should be evaluated from observable business economics: scale or cost advantages, network effects, switching costs, brand strength, patents or licences, distribution advantages and barriers to entry. The strongest evidence is a durable combination of pricing power, stable/growing margins and returns on capital over many years; a high ROE or ROCE alone does not prove a moat.
Who are the main competitors, and how does the company differ from them?
DeepScreen's directory-based comparison candidates include CHEMPLASTS (Chemplast Sanmar Limited), KESARPE (Kesar Petroproducts Ltd), AZADIND (Azad India Mobility Limited), CUPID (Cupid Limited), ASHOKRE (Ashoka Refineries Ltd.). Sector labels and market-cap proximity can use inferred or modeled directory inputs; these candidates are not a verified list of direct competitors; the direct comparison should use products, customers, geography, margins, growth, returns on capital and valuation.
Are its products or services in long-term demand?
The provider classifies Jupiter Wagons Limited in Railroads. Long-term demand is supported when the underlying industry, customer base and product/service use remain durable over multiple years. For Jupiter Wagons Limited, test that through multi-year revenue and customer trends, retention/repeat purchases where applicable, pricing power, capacity utilisation and the risk of substitution or technological disruption.
Who are its primary customers (individuals, businesses, or government)?
The provider's business profile describes Jupiter Wagons Limited's activities as follows: Jupiter Wagons Limited manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally. It provides open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also offers train sets, passenger, and metro coaches; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; commercial vehicles; commercial electric vehicles; and containers, such as marine, refrigerated, and truck mounted containers, as well as cold chain transport solution. Further, the company engages in letting out of property; and manufacturing of electrical equipment, as well as provides drone delivery services. It serves railways, private wagon aggregators, commercial vehicles OEMs, and defense and logistics companies. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. The company was incorporated in 1979 and is based in Kolkata, India. Customer mix itself is not a stock-market ratio, so the primary customers should be confirmed from the company's segment, geographic and customer disclosures.
Is the company consistently profitable, and is its revenue growing year-over-year?
For Jupiter Wagons Limited, the latest provider-backed snapshot shows the latest growth measure is 46.00%, net margin is 5.33%, ROE is 6.4%, ROCE is 9.1%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
Does the company generate positive, healthy free cash flow?
Free cash flow should be assessed as operating cash flow minus capital expenditure and then tested for consistency across several periods. A positive single-period result is not enough to establish healthy cash generation.
How high are the company's debt levels compared to its cash holdings and earnings?
The current snapshot shows D/E of 0.33x, debt of roughly ₹9.96B, cash of roughly ₹6.51B, implying net debt of about ₹3.45B. The full debt burden should be compared with EBITDA/EBIT, interest expense, maturities and recurring free cash flow.
How will the company finance its future growth or expansion projects?
Jupiter Wagons Limited currently has reported cash of about ₹6.51B. Those internal resources can contribute to expansion, while additional funding can come from operating cash flow, debt, equity issuance, asset sales or project finance. The exact funding mix for a specific project must come from management's disclosed plans.
What is the company's historical Return on Equity (ROE) and Return on Capital Employed (ROCE)?
The latest snapshot reports ROE of 6.4% and ROCE of 9.1%. Historical quality should be judged from a multi-year series and by checking whether returns remain above the company's cost of capital through different business conditions.
Who are the promoters or top executives running the company, and what is their track record?
The current provider profile lists these senior executives: Mr. Abhishek Jaiswal (CEO & Whole Time Director); Ms. Ritu Lohia (President); Mr. Ritesh Kumar Singh (Company Secretary & Compliance Officer); Mr. Vivek Lohia (MD & Executive Director); Mr. Vinod Kumar Agarwal (Chief Financial Officer). Track record should be assessed through capital-allocation decisions, operating results, governance disclosures and execution against stated targets. For Indian companies, promoter identity and ownership should be checked against the latest exchange shareholding filing.
Is a high percentage of the promoter's stake pledged as collateral for loans?
Promoter pledge is a shareholding-disclosure item, not a normal valuation ratio. For an Indian company, check the latest exchange shareholding pattern and notes for pledged/encumbered promoter shares, and compare the percentage with prior quarters to identify changes. Do not infer pledge levels from debt-to-equity.
Does management have a transparent and honest history of communication with shareholders?
The strongest evidence is consistency between what management says and what later appears in reported results: guidance versus delivery, explanations for misses, treatment of related parties, restatements, capital allocation and disclosure of material risks. A multi-year record is needed; tone alone is not a reliable measure of transparency.
Has the firm ever faced corporate governance issues, legal troubles, or accounting scandals?
This question requires a dated event history. Review regulator orders, exchange notices, audited-report qualifications, court records and reputable reporting, and distinguish allegations or investigations from settlements and established findings. The absence of a warning label on a stock page is not proof that no historical event ever occurred.
Is the current stock valuation (such as the P/E or P/S ratio) reasonable or overpriced?
The latest provider-backed P/E is 56.0x and P/S is 3.19x . These are descriptive multiples, not conclusions by themselves. A defensible valuation assessment compares the multiple with sustainable growth, margins, ROE/ROCE, balance-sheet risk, cyclicality and direct peers.
How does the company's valuation compare to its direct industry peers?
A practical peer set for Jupiter Wagons Limited starts with CHEMPLASTS (Chemplast Sanmar Limited), KESARPE (Kesar Petroproducts Ltd), AZADIND (Azad India Mobility Limited), CUPID (Cupid Limited), ASHOKRE (Ashoka Refineries Ltd.). Compare the same reporting-period P/E, P/S and positive EV/EBITDA only when EBITDA supports a meaningful multiple, then adjust for growth, margin quality, leverage and business mix; a lower positive multiple is not automatically cheaper on an economic-value basis.
What is the margin of safety if market conditions or the economy worsens?
Margin of safety is created by buying with a gap between conservative intrinsic value and market price, then stress-testing the downside case. The relevant stress tests are lower revenue/earnings growth, lower margins, higher funding costs, weaker working capital and a lower terminal valuation. There is no universal fixed percentage that applies to every company.
Does the company pay a reliable dividend, or does it aggressively buy back its own shares?
The latest provider-backed dividend yield is 0.0% and payout ratio is 0.00% . Dividend reliability should be checked across several years and against free cash flow, while buyback intensity should be verified from share-count changes, treasury-share activity and cash-flow statements. A one-year yield cannot establish a durable shareholder-distribution policy.

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