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Texmaco Rail vs Medha Servo Drives: Share Price, PE, ROE Compared

  • August 12, 2026
  • Posted by: Lakshit Sharma
  • Category: News
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Texmaco Rail MCap Rs 4,370 Cr, PE 20.38x, ROE 8.22%, D/E 0.38. Medha Servo Drives MCap approx Rs 1,500-2,000 Cr (data approximate, railway electronics).

Texmaco Rail vs Medha Servo Drives is a comparison railway equipment investors look up when evaluating two listed Indian companies serving the Indian Railways ecosystem. Texmaco Rail and Engineering, a Kolkata-based company (Birla Group), manufactures railway wagons, bogies and structural steel components for Indian Railways – one of India’s largest wagon manufacturers. Medha Servo Drives, a Hyderabad-based company, makes traction converter systems, train control management systems and railway electronics for electric locomotives and EMU trains. The Texmaco Rail versus Medha Servo Drives comparison covers mechanical wagon manufacturing versus railway electronics.

This Texmaco Rail vs Medha Servo Drives article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

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  • Reach and Market Position
  • Key Products and Business Mix
  • Latest Results and Financial Data
  • Stock Performance and Valuation
  • Texmaco Rail vs Medha Servo Drives: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What does Texmaco Rail make?
    • What does Medha Servo Drives make?
    • What is a traction converter?
    • What is a BOXN wagon?
    • Which is larger, Texmaco or Medha?
    • What is CLW?
    • Are Texmaco and Medha in Nifty 50?

Reach and Market Position

In this Texmaco Rail vs Medha Servo Drives comparison, Texmaco Rail manufactures BOXN, BG wagons, flatbed cars and other rolling stock for Indian Railways and metro projects, along with structural steel for infrastructure. Market capitalisation is Rs 4,370 Cr.

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Medha Servo Drives supplies traction converters (for WAP-7, WAG-9 locomotives), train control and monitoring systems (TCMS) and auxiliary converters to Chittaranjan Locomotive Works and railway projects. Market capitalisation is approximately Rs 1,500-2,000 Cr.

Key Products and Business Mix

For the Texmaco Rail vs Medha Servo Drives product breakdown, Texmaco Rail: Texmaco earns from wagon manufacturing, bogie fabrication and structural steel. EPS is Rs 5.27. PE is 20.38x, ROE 8.22 percent, D/E 0.38.

Medha Servo Drives: Medha earns from traction drive electronics and control systems for Indian Railways. Data is approximate – verify current financials from exchange filings.

Latest Results and Financial Data

On the Texmaco Rail vs Medha Servo Drives results front: Texmaco Rail has a market cap of Rs 4,370 Cr and PE of 20.38x. ROE is 8.22 percent. Texmaco is 2.5-3 times larger than Medha.

Medha Servo Drives has a market cap of approximately Rs 1,500-2,000 Cr. Medha is a niche but critical supplier of traction electronics for Indian Railways locomotives.

Compare Texmaco Rail and Medha Servo Drives Fundamentals on the Univest Screener

Stock Performance and Valuation

Investors tracking the Texmaco Rail vs Medha Servo Drives comparison should verify current prices on NSE or BSE before trading. The Texmaco Rail vs Medha Servo Drives stock data below reflects the latest available figures from Groww and public company filings.

Texmaco Rail versus Medha Servo Drives: Texmaco (PE 20.38x, Rs 4,370 Cr) vs Medha (approx Rs 1,500-2,000 Cr). Comparing Texmaco and Medha, Texmaco is the larger established wagon manufacturer; Medha is a niche electronics company.

Texmaco Rail vs Medha Servo Drives: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter Texmaco Rail Medha Servo Drives
Sector Railway wagons + bogies + structural steel (Birla Group, Kolkata) Traction converters + TCMS + railway electronics (Hyderabad, CLW-approved)
Market Cap Rs 4,370 Cr Approx Rs 1,500-2,000 Cr
P/E Ratio 20.38x Approx (verify from filings)
ROE 8.22% Approx (verify from filings)
Products BOXN wagons, flatcars, bogies, steel structures Traction converters, TCMS for WAP-7/WAG-9 locos
Listed Status Listed (NSE/BSE) Listed (recently, NSE/BSE)
Group Birla Group Independent promoter

Conclusion

The Texmaco Rail vs Medha Servo Drives comparison above covers reach, products, results and valuation. Texmaco Rail versus Medha Servo Drives covers wagon manufacturing versus traction electronics. Both serve Indian Railways. Texmaco is the larger, established wagon maker in the Birla Group. Medha is a niche electronics supplier with deep technical expertise in railway traction systems. The Texmaco and Medha comparison shows two different technology layers in the Indian Railways supply chain. Consult a SEBI-registered advisor for personalised guidance.

Download the Univest iOS App or Univest Android App to track Texmaco Rail and Medha Servo Drives live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Texmaco Rail make?

Ans. Texmaco Rail manufactures BOXN (boxcar) wagons, flatbed wagons, bogie assemblies and structural steel components for Indian Railways and exports to other railways.

What does Medha Servo Drives make?

Ans. Medha Servo Drives makes traction converters and drives for electric locomotives (WAP-7, WAG-9 class), train control and monitoring systems (TCMS), and auxiliary power converters for Indian Railways.

What is a traction converter?

Ans. A traction converter converts electric power from the railway overhead catenary into the appropriate form to power the locomotive’s traction motors. Medha makes these for Indian Railways’ electric locomotive fleet.

What is a BOXN wagon?

Ans. BOXN (Box wagon N type) is India’s most commonly used open freight wagon for transporting coal, iron ore and other bulk commodities. Texmaco is one of the leading BOXN wagon manufacturers.

Which is larger, Texmaco or Medha?

Ans. Texmaco Rail at Rs 4,370 Cr is approximately 2.5-3 times larger than Medha at approximately Rs 1,500-2,000 Cr.

What is CLW?

Ans. CLW (Chittaranjan Locomotive Works) in West Bengal is the largest electric locomotive manufacturing plant in Asia, operated by Indian Railways. Medha is a key supplier to CLW.

Are Texmaco and Medha in Nifty 50?

Ans. Neither is in Nifty 50.



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