In a remarkable demonstration of business growth and strategic focus, Mukul Agrawal’s railway stock has clinched six significant orders in March 2025, with a combined value approaching INR 56 crore. The stock market has mirrored this positive sentiment, with shares of the company soaring by nearly 36% in the last 15 days alone, capturing the attention of retail and institutional investors alike.
The stock in discussion is Oriental Rail Infrastructure, Mukul Agrawal invested INR 60.2 crore in the company.
Oriental Rail Share Price Movement and Market Sentiment
Current market cap of INR 1,143 crore, Oriental Rail Infrastructure stock touched the upper circuit of INR 179.25 on Wednesday. Later it came down to INR 174.20 per share but the broader trend is up from INR 137.20 per share two weeks back. This upside move is due to growing investor confidence in the company’s ability to execute large projects. Experts are watching the stock for more upside given order inflows and the company’s strategic expansion.
All Orders in March 2025
1. Vande Bharat Debut Order — On 7 March 2025, Oriental Rail Infrastructure got its first order for the Vande Bharat train project from Rail Coach Factory (RCF), Kapurthala. INR 42.89 crore order is for eight-seat sets (without seat fixing profiles) for Trainset-18. The delivery date is 24 July 2026. This is Oriental Rail’s entry into one of the most prestigious and high-profile projects in the Indian rail ecosystem.
2. Big Order for Second AC Chair Car Seats — On 15 March 2025, Oriental Rail got INR 4.94 crore order from Integral Coach Factory (ICF), Chennai for 47 coach seat sets for Second AC Chair Car coaches. The delivery date is 31 December 2026. This is another order in the premium coach seating segment.
3. Seat and Berth Installation Project — On 11 March 2025, Oriental Rail got an INR 2.78 crore order from ICF, Chennai for 36 seat and berth sets for LSCN/BW2 coaches to be delivered by 10 May 2025. This order is another testimony of Oriental Rail’s capability to do detailed interior work across multiple rolling stock types.
4. PU Foam Supply Order — On 5 March 2025, Oriental Rail received an order of INR 1.61 crore from North Western Railways, Ajmer for 66 sets of high-quality PU foam for retrofitment of berths and seats. Delivery by 6 September 2026.
5. Small but Impactful Order — On 18 March 2025 the company announced an order of INR 1.89 crore from ICF, Chennai for 18 seat sets for II-AC Chair Car coaches. Delivery by 16 April 2026.
6. Niche Order for Chair Car Seats — On 3 March 2025, Oriental Rail received an order of INR 1.63 crore from ICF, Chennai for 5 chair car seat sets for Train Set MC, TC and MC2 coaches. Delivery by 4 May 2025.
Expansion Strategy
Oriental Rail Infrastructure has announced a well-planned expansion strategy to double its annual wagon production capacity to 4,800 units. Also, the company is setting up a bogie spring plant in Kutch, Gujarat to enhance supply chain efficiency. A big strategic initiative is to develop smart wagons with real-time tracking systems, sensors and predictive maintenance tools. These advanced solutions will help the company to differentiate in the market and be ahead of its peers. The management has targeted to capture a 25% market share in the freight wagon industry by leveraging technology and manufacturing excellence.
Mukul Agrawal’s Backing, Financial Performance
Mukul Mahavir Agrawal, a prominent investor holds a 5.27% stake in the company, 34 lac shares worth INR 60.2 crore. Institutional backing is strong. Financials, the company has reported 4.26% yoy revenue growth in Q3 FY25, with revenue of INR 152.82 crore as against INR 146.58 crore in Q3 FY24. However net profit declined by 40% to INR 7.52 crore from INR 12.51 crore. Raw material cost pressure and execution complexities are the main reasons for the decline. Despite this setback, the balance sheet is healthy with order inflows increasing and diversified projects providing future revenue visibility.
Conclusion
Oriental Rail Infrastructure has demonstrated exceptional momentum in March 2025. With six substantial orders totalling nearly INR 56 crore, a focused expansion strategy, and strong investor backing, the company is on a solid growth trajectory. The near-term margin pressures are manageable, given the scale of the order pipeline and its diversification across product segments. As railway infrastructure investments continue to accelerate, Oriental Rail’s role as a reliable supplier and innovator will further strengthen.
For investors seeking exposure to infrastructure growth stories in India, Oriental Rail Infrastructure can be a compelling and timely opportunity.
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Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult your financial advisor before making any investment decisions.