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Rail Vikas Nigam Limited

Rail Vikas Nigam Limited

RVNL.BO
Rail Vikas Nigam LimitedIN flagBombay Stock Exchange
230.75
INR
-2.00
- -
481.49BMarket Cap
Rail Vikas Nigam Limited
RVNL.BO
(Bombay Stock Exchange)

Recent

price

230.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
10.13
11.96
15.09
21.77
28.41
36.44
48.29
69.69
73.88
92.96
97.27
104.93
95.59
98.01
98.08
Revenue per Share
0.67
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
4.2
Basic EPS, GAAP
-9.89
-3.66
0.54
3.13
1.33
-1.74
-3.33
-4.61
1.52
22.5
-19.74
13.1
6.94
-9.39
- -
Free Cash Flow per Basic Share
0.11
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
- -
Dividend per Share
11.38
11.94
14.34
16.07
16.76
18.48
20.74
24.21
26.69
29.99
34.41
41.6
10
10.01
10.02
Book Value per Share
11.64
12.23
14.67
16.39
17.04
18.72
20.93
24.41
26.91
30.23
34.68
41.79
45.9
47.13
47.17
Tangible Book Value per Share
2,085
2,085
2,085
2,085
2,083
2,085
2,085
2,085
2,085
2,085
2,085
2,085
2,084
2,083
2,081
Basic Weighted Avg Shares
21,124
24,943
31,465
45,399
59,196
75,974
100,687
145,306
154,037
193,817
202,816
218,785
199,232
204,121
204,121
Sales/Revenue/Turnover
3.73
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
3.54
Operating Margin (%)
39
59
51
47
50
48
57
349
367
371
423
378
472
502
364
Depreciation Expense
1,401
1,617
3,368
4,294
4,387
5,695
6,877
7,566
9,916
11,101
13,418
15,507
12,777
8,747
8,747
Net Income, GAAP
15.7
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
26.29
Effective Tax Rate (%)
6.63
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
4.29
Profit Margin (%)
36,766
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
64,496
Working Capital
16,774
19,532
25,140
26,241
24,369
22,591
30,242
42,742
56,827
63,433
60,417
55,436
49,015
43,224
43,224
LT Debt
24,270
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
98,181
Total Equity
- -
0.66
1.44
3.1
3.51
5.07
6.04
6.94
6.61
7.35
7.17
7.3
5.74
3.64
3.6
Return on Invested Capital (%)
- -
1.47
4.6
8.44
8.63
11.1
11.38
9.7
12.96
12.69
13.54
14.02
15.31
16.49
16.4
Return on Capital (%)
- -
6.65
12.3
13.54
12.82
15.51
16.82
16.15
18.69
18.79
19.98
19.57
23.75
41.95
41.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,575
- -
4,961
LT Borrowings
43,210
- -
43,210
LT Finance Leases
22
- -
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,085
- -
2,085
Market Capitalization
709,531
744,637
519,557

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
115,112
- -
135,753
Cash, Cash Equivalents & STI
57,230
- -
46,638
Accounts Receivable, Net
15,291
- -
53,705
Inventories
- -
- -
1,185
Total Current Liabilities
54,421
- -
71,258
Payables & Accruals
- -
- -
- -
ST Debt
6,575
- -
4,961
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
45.12%
148.42%
-235.15%
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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55,716
49,143
46,893
67,140
218,785
2025
40,738
48,550
45,674
64,271
199,232
2026
39,088
51,230
46,845
66,959
204,121

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.65
1.89
1.72
- -
7.44
2025
1.07
1.38
1.49
2.18
6.13
2026
0.65
1.1
1.55
0.9
4.2

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.13
2025
- -
- -
- -
- -
2.11
2026
- -
- -
- -
- -
2.75
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Business
Rail Vikas Nigam Limited (RVNL), a Navratna public sector undertaking under India's Ministry of Railways, specializes in the development, execution, and implementation of rail infrastructure projects along with financial resource mobilization services; headquartered in New Delhi and founded in 2003, the company undertakes new railway lines, doubling, gauge conversion, electrification, workshops, mega bridges, metro projects, hilly terrain rail works, cable-stayed bridges, track renewal, safety systems, traffic facilities, road overbridges, signaling and telecommunication systems including train control, electronic interlocking, and networks, project management consultancy encompassing feasibility studies, detailed project reports, planning, and quality assurance, civil engineering, solar energy installations, electricity transmission apparatus, underwater cables, ports, marine construction, dams, tunnels, irrigation systems, canals, transmission lines, and operation-maintenance of railway facilities primarily for Indian Railways, government ministries, departments, and public sector undertakings across India with expanding international operations. RVNL operates through subsidiaries like HSRC Infra Services Limited for high-speed rail and turnkey solutions, and engages in rail coach manufacturing notably as part of a consortium for 120 Vande Bharat Sleeper trains with partners JSC Metrowagonmash and JSC Locomotive Electronic Systems via Kinet Railway Solutions; it maintains a substantial order book exceeding ₹1,010 billion as of August 2025 supporting diversification into telecoms, solar, irrigation, highways, metro, data centres, and overseas bids. Recent developments include signing a ₹13,253 crore Project Implementation Agency agreement in a consortium with HFCL and Aerial Telecom for BSNL's BharatNet rural broadband expansion in February 2025, forming a joint venture with Texmaco by December 2025 to advance rail modernization, exports, automation, AI, and green technologies using manufacturing units across India, securing a ₹178.64 crore contract from IRCON in August 2025 for signaling and telecom upgrades plus intermediate block systems in Chhattisgarh, establishing Kyrgyzindustry-RVNL joint venture in 2022 for rail, road, and infrastructure in Kyrgyzstan with pursuits in Uzbekistan roads, Armenia tunnels, Ethiopia power projects, and Mozambique jetties alongside Container Corporation and Indian Oil, and winning three international contracts from 10 bids over the past year while targeting revenue doubling to around ₹40,000 crore by 2030.