The Indian Railway covers a mammoth 67,850km route and employs 1.4 million people. Although the sector was traditionally run by government-owned companies, regulators are slowly privatising it – especially when it comes to modernising tickets, engineering and other operational spheres. In terms of railway stocks India is poised to see an uptick in demand.
The increasing population and growing income levels means that the demand for railway services is not going to reduce anytime soon. Additionally, the massive size of the Indian railway network means that private and public companies which bag lucrative deals related to the railways i.e. Indian railway shares are going to stay in business for the foreseeable future.
The following are some of the best railway stocks in India –
Name of the Company | P/E Ratio (TTM) | EPS (TTM) |
IRCTC Ltd | 71.57 | 10.34 |
CONCOR Ltd | 42.35 | 17.93 |
IRFC Ltd | 4.59 | 4.78 |
RVNL | 6.58 | 5.99 |
RITES Ltd | 15.80 | 24.21 |
BEML | 45.74 | 34.11 |
Titagarh Wagons Ltd | 48.36 | -1.39 |
Texmaco R&E Ltd | 60.28 | -0.13 |
RailTel Corp. Ltd | 16.94 | 6.66 |
Ircon International Ltd | 6.24 | 6.88 |
Now that you know about the major Indian railways stocks, try opening a demat account and start investing in such rail stocks today!
Indian Railways has prepared the National Rail Plan for 2030 which aims to increase the national modal share of railways in freight to 45% as well as improve its quality of service and operational capacity. So yes, the government is signalling major investments in the railway sector in the coming years.
It is a highway network route connecting Delhi, Kolkata, Mumbai and Chennai. It is the largest highway network in India and the fifth largest in the world.
A lot of the stocks mentioned above can be claimed to be the best rail stock of India. WHich stock you will be most comfortable with depends on your risk appetite and trading philosophy.
Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and not recommendatory.
Enjoy Zero Brokerage on Equity Delivery
Join our 2 Cr+ happy customers
Enjoy Zero Brokerage on
Equity Delivery