Jupiter Wagons

Jupiter Wagons Limited is an Indian private manufacturer of railway freight wagons, passenger coaches, wagon components, cast manganese steel crossings and castings headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private companies.[6]

Jupiter Wagons Limited
TypePublic
BSE: 533272
NSE: JWL
IndustryRailways
Automobile
Heavy equipment
Defense
Founded27 July 2006 (2006-07-27)[1]
Headquarters
Kolkata, West Bengal
,
India
Area served
Worldwide
Key people
  • Vivek Lohia
    (Managing Director)
  • Vikash Lohia
    (Whole time Director)
  • Abhishek Jaiswal
    (CEO)[2][3]
Products
  • Freight wagons
  • Locomotives
  • Rolling stock
  • Shipping container
  • Electric vehicle
  • Defence service vehicle
Production output
6,500 wagons[4] (2022)
RevenueIncrease ₹2,073.33 crore (US$260 million) (2023)[5][3]
Increase ₹120.78 crore (US$15 million) (2023)[5][3]
Total assetsIncrease ₹1,072.40 crore (US$130 million) (2022)[3]
Total equityIncrease ₹682.69 crore (US$85 million) (2022)[3]
Websitejupiterwagons.com

Acquisitions and mergers

Commercial Engineers & Body Builders Company Ltd (CEBBCO)

Commercial Engineers & Body Builders Company Ltd (CEBBCO), a Madhya Pradesh based manufacturer of tipplers, trailers, and specialized defence vehicles, was acquired by Jupiter Wagons Limited in a buyout of its organization in 2019 under a National Company Law Tribunal (NCLT) governed stressed asset sale.[7][8]

JWL latter on 29 June 2022, announced its reverse merger with CEBBCO. Therefore, with this, the company completed its listing on the bourses.[6]

Stone India

Jupiter Wagons Ltd was selected as the successful resolution applicant by the Committee of Creditors of Stone India Ltd, which used to supply engineering products to Indian Railways. Both JWL and Stone India being engaged in the same line of activity, the acquisition of Stone India by JWL was thereby slated to provide natural synergy to the company.[9]

Financials

The company has reported total income of Rs.2073.3345 crores during the Financial Year ended March 31, 2023 as compared to Rs.1181.7454 crores during the Financial Year ended March 31, 2022.

The company has posted net profit of Rs.120.78 crores for the Financial Year ended March 31, 2023 as against net profit of Rs.49.6759 crores for the Financial Year ended March 31, 2022.[5]

Joint ventures
  • Jupiter Electric Mobility: JWL formed a joint venture with EA GreenPower Private Limited, a subsidiary of Canada based GreenPower Motor Company, with focus on electric commercial vehicle for India. The joint venture marked the entry of GreenPower Motor into Indian market. The company also intend to shift their manufacturing hub to India from China and export from there to the global markets.[10]
  • JWL CAF Joint Venture: JWL entered into a partnership with Spain based firm CAF for setting up a manufacturing facility at an estimated investment of around ₹300crore. The investment as per plan would to be jointly funded by JWL and CAF.[11]
  • JWL DAKO-CZ India Limited: In 2022 JWL DAKO-CZ India Ltd was established to focus on development and supply of complete and modern braking system for the Indian Railways.[12]

Products and services
  • Railway freight: Rolling stock, components (bogies, couplers, locomotive shells, gears);
  • Railway transit: Rolling stock (electric locomotives, EMU trainsets, DEMU trainsets, metros, body shells, bogies, propulsion & electrical equipment);
  • Automobile: Commercial electric vehicles, commercial vehicle load bodies;[13]
  • Containers: Marine container, refrigerated container, truck mounted container & cold chain transport container

See also

References
  1. "Jupiter Wagons Ltd.: Company Details". Barron's. Retrieved 13 April 2023.
  2. "Jupiter Wagons Management Information - Details of Jupiter Wagons Management". The Economic Times. Retrieved 12 April 2023.
  3. "Jupiter Wagons Limited Annual Report 2022" (PDF). bseindia.com. Retrieved 26 June 2023.
  4. Roy, Shobha (26 October 2021). "Jupiter Wagons bets big on backward integration". www.thehindubusinessline.com. Retrieved 12 April 2023.
  5. "Jupiter Wagons Ltd Q4 FY2022-23 consolidated net profit slips QoQ to Rs. 39.21 crores". EquityBulls. 26 May 2023. Retrieved 26 May 2023.
  6. Narayan, Subhash (30 June 2022). "Jupiter Wagons' shares lists on bourses". mint. Retrieved 12 April 2023.
  7. "Jupiter Wagons lists on bourses". The Economic Times. 30 June 2022. ISSN 0013-0389. Retrieved 12 April 2023.
  8. Mazumdar, Rakhi (15 February 2019). "Jupiter Wagons picks up 68% in Cebbco for Rs 100 crore in stressed sale". The Economic Times. ISSN 0013-0389. Retrieved 13 April 2023.
  9. "Jupiter Wagons Limited wins bid for Stone India". www.telegraphindia.com. Retrieved 12 April 2023.
  10. www.ETAuto.com. "GreenPower forms JV with Jupiter Group in India for EV Cabs - ET Auto". ETAuto.com. Retrieved 12 April 2023.
  11. Roy, Shobha (3 July 2022). "Jupiter Wagons Ltd enters into JV with Spanish firm CAF". www.thehindubusinessline.com. Retrieved 12 April 2023.
  12. Johánek, Tomáš (30 January 2023). "DAKO-CZ exceeded two billion revenues for the first time in its history". ACRI. Retrieved 12 April 2023.
  13. Roy, Shobha (16 February 2023). "Jupiter Wagons to roll out electric commercial vehicles by Q3 CY23". www.thehindubusinessline.com. Retrieved 12 April 2023.
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