Thread by @amithv_gowda

Business Analysis of Jupiter Wagans Ltd.

A Proxy for Rail Logistics?

Can it be accommodated in the electric CV market?

lets deep dive
1)#jupitarwagons #JWL #Railway #logistics

2)About JWL
- founded in 2006 by Lohia Family
-largest manufacterer of railway wagons
-over the years it has expanded into cast manganese steel crossings ,CV bodies,containers and other components
- backward ingrated with inhouse manu capacity for brakes & other ancillary parts

3)Turnaround

Backin 2019,JWL acquired CEBBCO,which was on verge of bankruptcy through buying stake from Axis & IDBI bank & reverse merged with self & JWL was listed in Stock market

CEBBCO is MP based manufacturer of tippers,trailers & defense Vehilces and also builds wagons

4)turnaround (cont.)

this acquistion not only gave access to new business but also capacity expanision in wagons

and with this company is trying to launch Electric Commericaial Vehicle with partnership with Green Power Mobility

5)Parterships and JVs

JWL has been built through no of partenrships and JVs with foregin Players for technology,design and products

6)Partnership and JVs (cont.)

i) Strategic Investor for RnD of new wagon development

it holds 20.5% stake in JWL

7)Partnership and JVs (cont.)

ii) LAF

Tech partner for high speed train development

Co is looking get order for #metro trains as well as high spped trains
#LAF

8) Partnership and JVs (cont.)

iii) JV with Talleres Alegira

for manufacturing of WCMS crossings for both broad Gauge and metro trains

JV currently has order book of 200Crs as on march 2022

9)Partnership and JVs (cont.)

iv) JV with DAKO-CZ for train disc brake manu, which will be used for high speed trains

Indian railway has already approved disc brake system for high speed trains like #vandemataram & #Shatabdi express

Huge opputunity here,as it is sole player

10)Partnership and JVs (cont.)

v) JV with Green Power Electric Mobility for developing electric CV

Co will launch 2T and 7/9 MT early 2023 for Indian Market taking head on with Tata Ace EV in micro segment

11) key partners for EV Business

12) Structure of Existing Business and New Business

13)Product Portfolio

14) Customers Base

15) Indian Railways plans to spend >Rs 1L crs to buy 90000 wagons to stregthen rail infrastructure

JWL has order book of 600crs secured till 2024

it is producing close to 500 wagons & is targeting to produce 600 wagons per month taking cap utilisation higher from 46% currently

16) Manufacturing plant

Co has got 100acres of land within 4Km Radius of railway siding and captive power station,which is it location adv which saves huge amount in logistics & transportation

17)Adding More reference materails

webinar on railway sector by @a_basumallick

18) Jupiter Wagons Stock Analysis by @amitabhvatsya

19)Q2FY23 Concall highlights by @KuberC27

Tagging for wider reach
@aditya_kondawar @AnishA_Moonka @datta_arvind @ishmohit1 @IshanTanna1 @tushar9590 @safiranand @JaiHindKB @LearningEleven @_ThirdSide_ @bharatbetpf @badola_arjun @BaluGorade @drprashantmish6 @sahil_vi @NeilBahal @nid_rockz

@sagarbandodkar2 @indian_stockss @Finstor85 @AdityaD_Shah @WealthEnrich @gurjota @ArindamPramnk @Ankush__Agrawal @icanseeyourpix2 @kuttrapali26 @AimInvestments @Goldforestinves @academy_share @abhishekcjain @abhishec_s @TheGadgetSpy @tusharbohra @Ajay_Bagga @investor_vineet

@Ajaya_buddy @SwarnashishC @LnprCapital @MrRChaudhary @caswapnilkabra @reallysachin @CongruenceA @InvestmentBook1 @sohamdas @KiranRajput_ @suru27 @FalakKalyani @marginalideas @kushkatakia @kanodiaankit12 @swing_ka_sultan @Coolfundoo @nishkumar1977 @Jatin_Khemani