Overview

Detailed Summary

Rail Vikas Nigam Limited (RVNL) is primarily engaged in railway infrastructure development, encompassing new lines, doubling, gauge conversions, and electrification across India.
RVNL boasts a robust order book of INR 87,000 crores, including substantial railway nomination works and competitive bidding projects, ensuring strong future revenue streams.
Significant projects include manufacturing 120 Vande Bharat train sets and executing the BharatNet broadband project, demonstrating its critical role in national infrastructure.
Strategic initiatives involve an MoU with Visakha Port Authorities, reflecting RVNL's diversification into port infrastructure and enhancing its strategic footprint.
Despite experiencing flat growth in the current fiscal year, RVNL anticipates a sustainable 10% growth in FY 2027, backed by ongoing projects and strategic expansions.

Sector: Construction
Industry: Civil Construction
Market Cap: 61,779 Cr
Volatility: High Risk
P/E Ratio: 55.1
Industry P/E: 25.0
PEG Ratio: 12.0
P/B Ratio: 6.5
52W High: 448.00
52W Low: 248.25

Sales CAGR

1Y: -8.94%
3Y: 0.83%
5Y: 6.46%
10Y: 17.82%

Profit CAGR

1Y: -17.37%
3Y: 3.01%
5Y: 8.52%
10Y: 16.36%

ROE

TTM: 11.88%
3Y: 16.34%
5Y: 16.73%
10Y: 15.81%

ROCE

TTM: 13.06%
3Y: 16.21%
5Y: 15.71%
10Y: 13.77%

Technicals

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Industrials Construction Construction Civil Construction

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RVNL		303.10	61,779 Cr	55.11	6.46	0.58	11.88	13.06	5.81
IRB		22.26	26,572 Cr	35.06	1.30	0.68	4.30	6.00	1.41
IRBIT		—	25,812 Cr	—	2.32	0.98	-0.98	5.66	5.03
NBCC		94.30	25,194 Cr	38.97	9.43	0.72	25.10	33.39	5.01
KPIL		1095.10	21,183 Cr	22.39	3.04	0.73	11.79	13.44	3.09
KEC		580.10	14,897 Cr	22.67	2.64	0.98	12.11	14.03	2.88
TECHNOE		1117.00	14,721 Cr	26.30	3.78	0.71	12.09	14.17	9.14
Median: 7 Co.	—	441.60	25,194 Cr	30.68	3.04	0.72	11.88	13.44	5.01

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	4,914	4,689	6,714	4,074	4,855	4,567	6,427	3,909	5,123	4,684
Expenses	4,616	4,440	6,258	3,892	4,583	4,328	5,994	3,856	4,906	4,464
Operating Profit	298	249	456	182	271	239	433	53	217	221
OPM %	6.07	5.31	6.80	4.46	5.59	5.24	6.73	1.35	4.23	4.71
Other Income	320	358	323	264	266	326	239	238	234	308
Interest	133	139	150	137	141	145	117	108	100	105
Depreciation	6.22	4.83	4.39	6.89	7.43	7.42	9.00	8.86	8.92	8.90
Profit Before Tax	480	463	625	302	389	413	546	173	342	415
Tax %	17.76	22.48	23.45	25.76	26.31	24.54	15.94	22.52	32.67	21.92
Net Profit	394	359	478	224	287	312	459	134	231	324
EPS in Rs	1.89	1.72	2.29	1.07	1.38	1.49	2.20	0.65	1.10	1.55

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5,920	7,597	10,069	14,531	15,404	19,382	20,282	21,889	19,923	19,758
Expenses	5,645	7,215	9,538	13,744	14,524	18,199	19,035	20,536	18,798	18,762
Operating Profit	274	382	531	786	880	1,183	1,246	1,353	1,125	996
OPM %	4.63	5.03	5.27	5.41	5.71	6.10	6.15	6.18	5.65	5.04
Other Income	305	331	366	232	808	831	1,077	1,291	1,095	1,068
Interest	35	45	52	41	458	564	581	568	540	510
Depreciation	5.02	4.84	5.74	20	23	21	22	21	31	33
Profit Before Tax	539	664	839	958	1,207	1,430	1,719	2,054	1,650	1,522
Tax %	18.53	14.23	18.08	20.99	17.83	22.35	21.96	23.34	22.33	21.68
Net Profit	439	570	688	757	992	1,110	1,342	1,574	1,282	1,192
EPS in Rs	—	—	3.48	3.62	4.76	5.67	6.81	7.55	6.14	5.50
Dividend Payout %	35.24	29.30	26.97	31.40	33.19	34.40	31.28	27.95	27.97	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085
Reserves	1,206	1,478	1,839	2,311	3,034	3,551	4,240	5,161	6,661	7,486
Borrowings	17,545	2,437	2,259	3,024	4,257	5,931	6,643	6,441	6,033	5,419
Other Liabilities	1,982	2,866	2,101	4,669	3,019	2,654	7,097	4,656	4,834	5,492
Total Liabilities	22,817	8,866	8,284	12,089	12,395	14,221	20,066	18,344	19,612	20,482
Fixed Assets	350	7.58	249	279	305	292	380	355	367	887
CWIP	489	13	21	11	25	53	1.20	1.27	94	0.32
Investments	10	1,094	1,231	1,586	1,588	1,730	1,810	1,904	2,405	2,700
Other Assets	21,969	7,751	6,783	10,212	10,476	12,145	17,875	16,084	16,746	16,895
Total Assets	22,817	8,866	8,284	12,089	12,395	14,221	20,066	18,344	19,612	20,482

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-3,466	278	-363	-695	-962	419	4,793	-4,064	2,954	1,878
Cash from Investing Activity	-1,301	20	36	320	124	312	-1,431	1,355	-1,400	1,629
Cash from Financing Activity	5,352	-421	-581	319	827	416	-189	-1,048	-1,287	-1,484
Net Cash Flow	585	-123	-908	-56	-11	1,148	3,173	-3,757	267	2,023

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jul 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%
FIIs	3.10%	2.32%	2.59%	2.32%	3.13%	5.05%	5.10%	5.07%	4.89%	4.66%	4.98%	4.86%
DIIs	5.45%	5.83%	6.09%	6.18%	6.77%	6.33%	6.17%	6.22%	6.39%	6.41%	6.39%	6.43%
Public	18.60%	19.01%	18.48%	18.66%	17.26%	15.79%	15.89%	15.88%	15.88%	16.09%	15.79%	15.87%
Total Shareholders	9,53,483	13,41,098	13,97,699	18,44,551	20,74,709	22,96,188	23,17,903	23,71,568	22,90,745	22,79,946	22,07,488	21,90,491

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY23

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Senior Management Appointment

3 days ago

Appointment of Executive Director (Civil) — Ashutosh Gautam

Rail Vikas Nigam Limited appointed Shri Ashutosh Gautam as Executive Director (Civil) and part of Senior Management effective 17 April 2026 (A/N); term till superannuation; SEBI declaration and office order enclosed.

Management Appointment

3 days ago

RVNL appoints Ashutosh Gautam as Executive Director (Civil)

Rail Vikas Nigam Ltd. appointed Shri Ashutosh Gautam as Executive Director (Civil) and member of Senior Management w.e.f. 17 Apr 2026 (A/N); term till superannuation; profile and appointment order enclosed.

Contract Award

4 days ago

RVNL L1 Bidder for East Coast Railway EPC Bridge Contract (~INR 967.93 crore)

Rail Vikas Nigam Ltd emerged as the lowest bidder (L1) for an EPC contract from East Coast Railway to construct four major bridges on the Bhadrak–Vizianagaram section (Nergundi‑Barang to Khurda Road‑Vizianagaram) for INR 967,92,66,661.70, to be executed in 3 years.

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Frequently Asked Questions about Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd (RVNL) is currently trading at 298.75 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Rail Vikas Nigam Limited (RVNL) is primarily engaged in railway infrastructure development, encompassing new lines, doubling, gauge conversions, and electrification across India. RVNL boasts a robust order book of INR 87,000 crores, including substantial railway nomination works and competitive bidding projects, ensuring strong future revenue streams. Significant projects include manufacturing 120 Vande Bharat train sets and executing the BharatNet broadband project, demonstrating its critical role in national infrastructure. Strategic initiatives involve an MoU with Visakha Port Authorities, reflecting RVNL's diversification into port infrastructure and enhancing its strategic footprint. Despite experiencing flat growth in the current fiscal year, RVNL anticipates a sustainable 10% growth in FY 2027, backed by ongoing projects and strategic expansions.

Over the past 52 weeks, Rail Vikas Nigam Ltd has traded between a low of ₹248.25 and a high of ₹448.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Rail Vikas Nigam Ltd has a market capitalization of approximately 61,779.15. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Rail Vikas Nigam Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 55.11 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 61,779.15 Cr, Rail Vikas Nigam Ltd is classified as a Mid Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Rail Vikas Nigam Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Rail Vikas Nigam Ltd is 55.11. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

RVNL has secured a ₹201.23 crore (excluding GST) contract to set up a 200-wagon Periodic Overhauling (POH) workshop at Kantabanji.

RailTel rallied after it disclosed new government orders worth over ₹600 crore, including two RVNL contracts and one UP Police Recruitment Board contract.

Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bengaluru, Hyderabad-Chennai, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Siliguri.

As of December 31, 2024, Rail Vikas Nigam Limited (RVNL) had a strong order book valued at ₹97,000 crore, covering projects in railways, metro, and overseas markets.

Rail Vikas Nigam Ltd

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