The Indian government is investing ₹24,634 crore in the railway sector to decongest major routes across Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh. The plan adds nearly 900 km of new tracks, connecting over 3,600 villages and key industrial hubs.
As the government focuses on improving freight and passenger capacity, railway manufacturers and engineering firms are likely to see rising demand, making November 2025 an interesting time to watch top railway stocks.
| Company | Mkt Cap (₹ Cr) | 5Y CAGR (%) | ROE (%) | PE | Key Strength |
| Jupiter Wagons | 13,615.8 | 86.9 | 17.38 | 35.6 | Freight wagon leader, temporary correction |
| Titagarh Rail Systems | 12,023.7 | 85.0 | 11.76 | 43.5 | Strong order book, export growth |
| Ramkrishna Forgings | 9,743.8 | 49.5 | 14.64 | 23.5 | Supply to rolling stock, exports |
| BEML Ltd | 18,007.9 | 47.5 | 10.53 | 61.6 | Defence & metro diversification |
| Oriental Rail Infra | 1,100.4 | 35.7 | 9.23 | 37.7 | Expanding order book size |
Note: The list of best railway stocks above is ranked based on their 5-year CAGR, and the data is as of October 29, 2025.
Jupiter Wagons has introduced containerised battery energy storage systems through its subsidiary. It is available in 10-foot and 20-foot units with capacities from 241 KWh to 3 MWh. The systems are designed to replace diesel generators and support renewable energy integration. Additionally, the appointment of Vinod Kumar Agarwal as CFO is expected to strengthen financial planning and capital management.
Titagarh has set ambitious goals to scale its rail operations, targeting 3 billion tons of cargo movement as part of its expansion strategy. The company also plans to ramp up production to 1,000 wagons per month, reflecting strong demand in the railway sector and its growing manufacturing capabilities.
Ramkrishna Forgings has secured new orders worth about ₹660 crore, adding to its strong 2025 order book. The company expects these to boost revenue in the coming months, with over ₹300 crore of orders from the passenger vehicle segment alone.
BEML reported a net loss of ₹64 crore in the recent quarter, slightly lower than last year’s ₹70.5 crore loss. Revenue stood at ₹634 crore, down over 60% sequentially and below expectations, reflecting slower project execution. However, the company is focusing on recovery through strategic partnerships. Its tie-up with Italy’s Tesmec S.P.A to introduce advanced surface mining equipment marks a step toward expanding its product portfolio and strengthening its position in the mining solutions market.
Oriental Rail Infrastructure’s subsidiary, Oriental Foundry Pvt. Ltd., has bagged two new railway orders worth a combined ₹4.25 crore from South Eastern and Northern Railways. The contracts involve supplying high-tensile centre buffer couplers for freight wagons, to be completed by 2026. These deals strengthen the company’s position in the freight components segment and reflect steady order inflows from Indian Railways, supporting its growth visibility in the domestic rail manufacturing space.
Read more: Upcoming Dividends in November 2025: RailTel, HUL, and GRSE, Among Others.
The best railway stocks for November 2025, ranked by 5-year CAGR, include Jupiter Wagons, Titagarh Rail Systems, and BEML, among others. Jupiter Wagons leads with an 86.9% CAGR and a robust order book, despite recent revenue dips. To capitalise on this opportunity, investors should consider opening a demat account to easily buy and hold these stocks, benefiting from India’s expanding rail infrastructure.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
Published on: Oct 29, 2025, 5:53 PM IST
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