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    Industrial services

  3. •

    Engineering & construction
Rail Vikas Nigam Ltd.

Rail Vikas Nigam Ltd.

186.90
INR
-1.40
(-0.74%)
4.29EPS
54.84P/E
492.59BMarket Cap
Nov 14Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
11.96
15.09
21.77
28.41
36.44
48.29
69.69
73.88
92.96
97.27
104.93
95.55
97.9
99.74
Basic EPS, GAAP
0.78
1.62
2.06
2.11
2.73
3.3
3.63
4.76
5.32
6.44
7.44
6.13
4.2
4.31
Free Cash Flow per Basic Share
-3.66
0.54
3.13
1.33
-1.74
-3.33
-4.61
1.52
22.5
-19.74
13.1
6.95
-9.35
- -
Dividend per Share
0.15
0.18
0.21
1.49
0.96
1.04
0.11
2.28
2.02
2.08
2.13
2.11
2.75
- -
Book Value per Share
12.24
14.68
16.41
17.09
18.82
21.08
24.55
27.03
30.33
34.75
41.83
45.9
47.11
- -
Tangible Book Value per Share
12.23
14.67
16.39
17.03
18.72
20.93
24.41
26.91
30.23
34.68
41.79
45.89
47.1
- -
Basic Weighted Avg Shares
2,085
2,085
2,085
2,083
2,085
2,085
2,085
2,085
2,085
2,085
2,085
2,085
2,085
2,088
Sales/Revenue/Turnover
24,943
31,465
45,399
59,196
75,974
100,687
145,306
154,037
193,817
202,816
218,785
199,233
204,121
208,246
Operating Margin (%)
3.49
4.5
4.77
4.55
4.97
5.22
5.27
5.56
5.99
6.04
6.21
5.52
3.58
4.1
Depreciation Expense
59
51
47
50
48
57
349
367
371
423
378
472
502
379
Net Income, GAAP
1,617
3,368
4,294
4,387
5,695
6,877
7,567
9,916
11,101
13,418
15,507
12,777
8,747
8,996
Effective Tax Rate (%)
15.64
10.55
13.94
18.53
14.23
18.08
20.99
17.83
22.35
21.96
23.6
22.39
26.29
27.25
Profit Margin (%)
6.48
10.71
9.46
7.41
7.5
6.83
5.21
6.44
5.73
6.62
7.09
6.41
4.29
4.32
Working Capital
33,608
36,834
38,414
30,442
28,516
36,883
58,187
74,758
76,349
46,028
51,669
60,151
64,496
- -
LT Debt
19,532
25,140
26,241
24,369
22,591
30,242
42,743
56,827
63,433
60,417
55,436
49,015
43,224
- -
Total Equity
25,516
30,605
34,224
35,628
39,240
43,956
51,192
56,361
63,247
72,462
87,220
95,710
98,181
- -
Return on Invested Capital (%)
0.66
1.44
3.1
3.51
5.15
6.18
6.94
10.32
10.7
10.27
10
8.13
5.66
- -
Return on Capital (%)
1.47
4.57
8.34
8.53
10.98
11.27
9.63
12.88
12.62
13.47
13.96
11.43
8.02
- -
Return on Common Equity (%)
6.5
12
13.25
12.56
15.21
16.53
15.9
18.44
18.56
19.77
19.42
13.97
9.02
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
4,961
- -
LT Borrowings
- -
43,210
- -
LT Finance Leases
- -
14
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,085
2,085
2,085
Market Capitalization
745,082
520,525
492,586

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
135,753
- -
Cash, Cash Equivalents & STI
- -
6,344
- -
Accounts Receivable, Net
- -
53,705
- -
Inventories
- -
1,185
- -
Total Current Liabilities
- -
71,258
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4,961
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.23%
11.89%
2.58%
Free Cash Flow
45.18%
148.56%
-234.58%
Net Income, GAAP
9.3%
-0.15%
-31.54%
Sales/Revenue/Turnover
17.34%
6.37%
2.45%
Total Cash Common Dividend
243.53%
4.67%
30.32%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
40,738
48,550
45,674
64,271
199,233
2026
39,088
51,230
46,845
66,959
204,121
2027
43,212
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.07
1.38
1.49
2.18
6.13
2026
0.65
1.1
1.55
0.9
4.2
2027
0.76
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.11
2026
- -
- -
- -
- -
2.75
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Saleem Ahmad
Full Time Employees
964
Sector
Industrial services
Industry
Engineering & construction
Address
World Trade Center New Delhi DE India 110029
IPO Date
Apr 11, 2019
Website
rvnl.org
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Business
Rail Vikas Nigam Limited (RVNL), a Navratna public sector undertaking under India's Ministry of Railways, executes rail infrastructure projects including new lines, doubling, gauge conversion, electrification, metro projects, workshops, bridges, viaducts, signaling and telecommunication systems, station modernization, level crossing eliminations, cable-stayed bridges, port connectivity, and multi-modal transport systems; it also mobilizes extra-budgetary resources through project-specific special purpose vehicles and provides consultancy services. Incorporated on January 24, 2003, and headquartered at August Kranti Bhawan in New Delhi, India, RVNL operates primarily across India serving Indian Railways, central and state government ministries, departments, and public sector undertakings, with international expansion through subsidiaries and joint ventures such as High Speed Rail Corporation of India Limited, Kutch Railway Company Limited, a wholly-owned subsidiary in Saudi Arabia incorporated in October 2024, and a joint venture with Texmaco announced in late 2024 for rail modernization and exports. Recent developments include securing major contracts such as a Rs 284 crore project from East Coast Railway in November 2024 for new lines between Jarapada-Talcher Road and Angul-Balram, a Rs 90.65 crore video surveillance system upgrade for nearly 500 Southern Railway stations in 2025, Rs 390 crore from NTPC, Rs 167 crore from South Eastern Railway, and emerging as the lowest bidder for North Eastern Railway projects; RVNL maintains a robust order book exceeding INR 90,000 crore and upholds an asset-light model with ongoing manufacturing initiatives like the Rail Coach Naveenikaran Karkhana in Sonipat and Marathwada Rail Coach Factory in Latur for Vande Bharat trains.