Rail Vikas Nigam Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.5x)
- Near 52-week low — potential value zone (₹179)
Concerns
- Premium to sector peers (P/E 42x vs industry 22.7x)
Today's Price Action
The stock closed at ₹184.1 with zero net change. Trading volume matched the 20‑day average at 45,99,920 shares, indicating a neutral participation level. Throughout the session the price oscillated between ₹182.5 and ₹185.3, keeping the range tight and showing limited directional pressure.
Valuation Snapshot
RVNL trades at a price‑earnings multiple of 42, while the construction sector shows a near‑zero average P/E, reflecting a relatively higher earnings valuation. The return on equity stands at 9.02%, suggesting modest profitability.
Key Levels to Watch
The current price sits close to the lower end of the 52‑week range, which spans ₹179 to ₹401, providing immediate support near the 52‑week low. Open‑interest data for nearby options contracts clusters around the ₹190 strike, marking a potential short‑term liquidity zone, and the 200‑strike shows the highest open interest on the put side, hinting at where market participants may hedge.
Chart Pattern
On the daily chart, a bearish engulfing candle formed ten trading days ago, consuming the prior bullish candle and signaling a shift in short‑term momentum. The same pattern on the 4‑hour chart reinforces the same structural change, as bearish engulfing formations are commonly interpreted as a precursor to a corrective move.
Data Summary
Key metrics include a market capitalization reported as ₹0 Cr, a price‑to‑book ratio of 0, and a consistent trading volume equal to the 20‑day average. The stock’s price action, valuation multiples, and recent candlestick formation together outline the present statistical profile.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| LT Larsen & Toubro Limited | ₹3,801 | ₹5.0L Cr | 28.5 | 4.79 | 15.9 | 14.6 | 1.32 |
| KPIL Kalpataru Projects International Limited | ₹— | ₹22K Cr | 19.8 | — | 13.7 | 18.3 | 0.69 |
| CEMPRO Cemindia Projects Limited | ₹— | ₹21K Cr | 35.2 | 7.46 | 27.8 | 32.8 | 0.38 |
| IRB IRB Infrastructure Developers Limited | ₹— | ₹20K Cr | 19.9 | 1.22 | 4.29 | 7.47 | 0.96 |
| NBCC NBCC (India) Limited | ₹70 | ₹18K Cr | 26.8 | 6.24 | 20.4 | 29.3 | 0 |
| ENGINERSIN Engineers India Limited | ₹— | ₹14K Cr | 17.4 | 4.71 | 23.4 | 30.4 | 0.01 |
| CMPDI Central Mine Planning & Design Institute Limited | ₹— | ₹13K Cr | 19.7 | — | 32.7 | — | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
RVNL · as of Mar 2026
| Category | 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% |
| FII | 2.59% | 2.32% | 3.13% | 5.05% | 5.10% | 5.07% |
| DII | 6.08% | 6.18% | 6.77% | 6.33% | 6.16% | 6.21% |
| Public | 18.50% | 18.66% | 17.25% | 15.78% | 15.89% | 15.87% |
| Govt | — | — | — | — | 0.01% | 0.01% |
Corporate Events
Dividend - Re 0.71 Per Share
To consider and approve the Unauditied Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2026
RVNL : 25-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 21, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May
Intimation of Board Meeting
Interim Dividend - Re 1 Per Share
Dividend - Rs 1.72 Per Share
Annual General Meeting/Dividend - Rs 2.11 Per Share
Annual General Meeting/Dividend - Re 0.36 Per Share
Latest News
All newsRVNL management change announced by RVNL.
*RVNL management change announced by RVNL.* The company has informed about a change in its senior management team. Such shifts may influence strategic execution and project oversight. Investors should monitor leadership stability. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
RVNL board approves new railway projects and funding.
*RVNL board approves new railway projects and funding.* The company disclosed key decisions from its recent board meeting, including approval of infrastructure development plans and project financing. While no specific value was mentioned, the move signals upcoming order execution and capacity expansion. This strengthens RVNL's pipeline in India's rail modernization drive. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #railway
RVNL reports Q1 FY26 financial results
*RVNL reports Q1 FY26 financial results*. The company has submitted its financial results for the quarter ended June 30, 2026. Key numbers including revenue and net profit will be analyzed for performance versus the same quarter last year. Traders may react to margin trends and order inflows disclosed in the report. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
RVNL secures contract from East Coast Railway
*RVNL secures contract from East Coast Railway.* The company received a Letter of Acceptance (LoA) under Regulation 30 of SEBI (LODR) Regulations, 2015. The award underscores RVNL's continued role in rail infrastructure development. Specific contract value not disclosed. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
RVNL secures Rs 404 crore railway order from East Coast Railways
*RVNL secures Rs 404 crore railway order from East Coast Railways.* The contract awarded by East Coast Railways will boost RVNL’s order book. This **₹404 crore** project strengthens its presence in rail infrastructure. The order reflects continued government spending in the sector. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
RVNL wins ₹4,048.8 crore rail project bid
*RVNL wins ₹4,048.8 crore rail project bid* — Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a **₹4,048.8 crore** East Coast Rail project. The win strengthens RVNL’s order book and highlights continued government spending on rail infrastructure. This order is expected to contribute significantly to future revenues and execution pipeline. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Railway
RVNL wins ₹405 crore railway project order
*RVNL wins ₹405 crore railway project order*. Rail Vikas Nigam shares rose **2%** after being named L1 bidder for an East Coast Railway project worth **₹405 crore**. The win strengthens RVNL’s order book and highlights continued government infrastructure push. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Railway
RVNL to hold shareholder meeting on August 25, 2026
*RVNL to hold shareholder meeting on August 25, 2026.* The meeting is scheduled for routine corporate matters, likely including approval of financial statements and other statutory items. No major announcements or strategic changes were disclosed. Shareholders will gather to discuss standard agenda items per regulatory norms. 📊 *STOCKS:* $RVNL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Siemens wins order for Rishikesh-Karnaprayag rail electrification
*Siemens wins order for Rishikesh-Karnaprayag rail electrification* — Siemens has secured an order from Rail Vikas Nigam Limited for the electrification of the Rishikesh-Karnaprayag rail line. The project marks a significant infrastructure win in the railways sector. While the financial value isn't disclosed, it strengthens Siemens' position in rail electrification. 📊 *STOCKS:* SIEMENS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Stock surges 4% on RITES order win
*Stock surges 4% on RITES order win*. Rail Vikas Nigam Ltd (RVNL) jumped **over 4%** after securing a major order from RITES. The contract win is valued at **₹600 crore**, boosting investor sentiment. The project will enhance RVNL’s order book and visibility for FY25. 📊 *STOCKS:* RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.7K Cr 8.6% | ₹5.1K Cr 31.1% | ₹3.9K Cr 39.2% | ₹6.4K Cr 40.7% | ₹4.6K Cr 5.9% | ₹4.9K Cr 19.2% | ₹4.1K Cr 39.3% | ₹6.7K Cr |
| Op. Profit | ₹221 Cr 1.8% | ₹217 Cr 309.4% | ₹53 Cr 87.8% | ₹433 Cr 81.2% | ₹239 Cr 6.6% | ₹256 Cr 40.7% | ₹182 Cr 60.1% | ₹456 Cr |
| OPM | 4.7% 11.9% | 4.2% 200.0% | 1.4% 80.0% | 7.0% 40.0% | 5.0% 0.0% | 5.0% 11.1% | 4.5% 35.7% | 7.0% |
| Net Profit | ₹324 Cr 40.3% | ₹231 Cr 72.4% | ₹134 Cr 70.5% | ₹455 Cr 45.8% | ₹312 Cr 8.7% | ₹287 Cr 28.1% | ₹224 Cr 53.1% | ₹478 Cr |
| EPS (₹) | 1.55 40.9% | 1.1 69.2% | 0.65 70.2% | 2.18 46.3% | 1.49 8.0% | 1.38 29.0% | 1.07 53.5% | 2.3 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹20.4K Cr 2.5% | ₹19.9K Cr 8.9% | ₹21.9K Cr 7.9% | ₹20.3K Cr 4.6% | ₹19.4K Cr 25.8% | ₹15.4K Cr 6.0% | ₹14.5K Cr 44.3% | ₹10.1K Cr 32.5% | ₹7.6K Cr 28.4% | ₹5.9K Cr |
| Expenses | ₹19.6K Cr 4.5% | ₹18.8K Cr 8.4% | ₹20.5K Cr 7.8% | ₹19.0K Cr 4.6% | ₹18.2K Cr 25.3% | ₹14.5K Cr 5.6% | ₹13.8K Cr 44.2% | ₹9.5K Cr 32.2% | ₹7.2K Cr 26.8% | ₹5.7K Cr |
| Op. Profit | ₹767 Cr 32.2% | ₹1.1K Cr 16.5% | ₹1.4K Cr 8.7% | ₹1.2K Cr 5.3% | ₹1.2K Cr 34.4% | ₹880 Cr 13.8% | ₹773 Cr 45.6% | ₹531 Cr 39.0% | ₹382 Cr 67.5% | ₹228 Cr |
| OPM | 3.8% 36.7% | 6.0% 0.0% | 6.0% 0.0% | 6.0% 0.0% | 6.0% 0.0% | 6.0% 20.0% | 5.0% 0.0% | 5.0% 0.0% | 5.0% 28.2% | 3.9% |
| Other Income | ₹869 Cr 20.3% | ₹1.1K Cr 13.8% | ₹1.3K Cr 17.5% | ₹1.1K Cr 29.6% | ₹831 Cr 2.8% | ₹808 Cr 228.5% | ₹246 Cr 32.8% | ₹366 Cr 10.6% | ₹331 Cr 7.0% | ₹356 Cr |
| Interest | ₹419 Cr 23.1% | ₹545 Cr 4.0% | ₹568 Cr 2.2% | ₹581 Cr 3.0% | ₹564 Cr 23.1% | ₹458 Cr 1017.1% | ₹41 Cr 21.2% | ₹52 Cr 15.6% | ₹45 Cr 28.6% | ₹35 Cr |
| Depreciation | ₹36 Cr 16.1% | ₹31 Cr 47.6% | ₹21 Cr 4.5% | ₹22 Cr 4.8% | ₹21 Cr 8.7% | ₹23 Cr 15.0% | ₹20 Cr 233.3% | ₹6 Cr 20.0% | ₹5 Cr 0.0% | ₹5 Cr |
| PBT | ₹1.2K Cr 28.3% | ₹1.6K Cr 18.9% | ₹2.0K Cr 18.1% | ₹1.7K Cr 20.2% | ₹1.4K Cr 18.5% | ₹1.2K Cr 26.0% | ₹958 Cr 14.2% | ₹839 Cr 26.4% | ₹664 Cr 22.3% | ₹543 Cr |
| Tax % | 26.0% 18.2% | 22.0% 8.3% | 24.0% 9.1% | 22.0% 0.0% | 22.0% 22.2% | 18.0% 14.3% | 21.0% 16.7% | 18.0% 28.6% | 14.0% 22.2% | 18.0% |
| Net Profit | ₹871 Cr 31.8% | ₹1.3K Cr 17.6% | ₹1.6K Cr 15.6% | ₹1.3K Cr 20.9% | ₹1.1K Cr 11.9% | ₹992 Cr 31.0% | ₹757 Cr 10.0% | ₹688 Cr 20.7% | ₹570 Cr 28.7% | ₹443 Cr |
| EPS (₹) | 4.2 31.5% | 6.13 17.6% | 7.44 15.5% | 6.44 21.1% | 5.32 11.8% | 4.76 31.1% | 3.63 10.0% | 3.3 20.9% | 2.73 28.2% | 2.13 |
| Div Payout | 41.0% 46.4% | 28.0% 0.0% | 28.0% 15.2% | 33.0% 2.9% | 34.0% 3.0% | 33.0% 6.5% | 31.0% 14.8% | 27.0% 6.9% | 29.0% 50.0% | 58.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr 0.0% | ₹2.1K Cr |
| Reserves | ₹7.5K Cr 0.1% | ₹7.5K Cr 12.7% | ₹6.6K Cr 28.6% | ₹5.2K Cr 21.7% | ₹4.2K Cr 19.4% | ₹3.6K Cr 17.0% | ₹3.0K Cr 31.3% | ₹2.3K Cr 25.7% | ₹1.8K Cr 24.9% | ₹1.5K Cr |
| Borrowings | ₹5.0K Cr 8.1% | ₹5.4K Cr 10.2% | ₹6.0K Cr 6.3% | ₹6.4K Cr 3.0% | ₹6.6K Cr 12.0% | ₹5.9K Cr 39.3% | ₹4.3K Cr 40.8% | ₹3.0K Cr 33.9% | ₹2.3K Cr 7.3% | ₹2.4K Cr |
| Other Liabilities | ₹5.2K Cr 5.1% | ₹5.5K Cr 13.9% | ₹4.8K Cr 3.6% | ₹4.7K Cr 34.4% | ₹7.1K Cr 167.4% | ₹2.7K Cr 12.1% | ₹3.0K Cr 35.3% | ₹4.7K Cr 122.2% | ₹2.1K Cr 26.7% | ₹2.9K Cr |
| Total Liabilities | ₹19.8K Cr 3.6% | ₹20.5K Cr 4.6% | ₹19.6K Cr 6.7% | ₹18.3K Cr 8.6% | ₹20.1K Cr 41.1% | ₹14.2K Cr 14.7% | ₹12.4K Cr 2.5% | ₹12.1K Cr 45.9% | ₹8.3K Cr 6.5% | ₹8.9K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.0K Cr 2.3% | ₹1.0K Cr 179.8% | ₹367 Cr 3.4% | ₹355 Cr 6.6% | ₹380 Cr 30.1% | ₹292 Cr 4.3% | ₹305 Cr 9.3% | ₹279 Cr 12.0% | ₹249 Cr 3012.5% | ₹8 Cr |
| CWIP | ₹5 Cr | ₹0 Cr 100.0% | ₹94 Cr 9300.0% | ₹1 Cr 0.0% | ₹1 Cr 98.1% | ₹53 Cr 112.0% | ₹25 Cr 127.3% | ₹11 Cr 47.6% | ₹21 Cr 61.5% | ₹13 Cr |
| Investments | ₹2.6K Cr 3.3% | ₹2.6K Cr 7.3% | ₹2.4K Cr 25.1% | ₹1.9K Cr 5.2% | ₹1.8K Cr 4.6% | ₹1.7K Cr 8.9% | ₹1.6K Cr 0.1% | ₹1.6K Cr 28.8% | ₹1.2K Cr 13.0% | ₹1.1K Cr |
| Other Assets | ₹16.1K Cr 4.7% | ₹16.9K Cr 1.0% | ₹16.7K Cr 4.0% | ₹16.1K Cr 10.0% | ₹17.9K Cr 47.2% | ₹12.1K Cr 15.9% | ₹10.5K Cr 2.6% | ₹10.2K Cr 50.6% | ₹6.8K Cr 12.5% | ₹7.8K Cr |
| Total Assets | ₹19.8K Cr 3.6% | ₹20.5K Cr 4.6% | ₹19.6K Cr 6.7% | ₹18.3K Cr 8.6% | ₹20.1K Cr 41.1% | ₹14.2K Cr 14.7% | ₹12.4K Cr 2.5% | ₹12.1K Cr 45.9% | ₹8.3K Cr 6.5% | ₹8.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.9K Cr 36.4% | ₹3.0K Cr 172.7% | ₹-4.1K Cr 184.8% | ₹4.8K Cr 1043.9% | ₹419 Cr 143.6% | ₹-962 Cr 38.4% | ₹-695 Cr 91.5% | ₹-363 Cr 163.6% | ₹571 Cr 12.4% | ₹652 Cr |
| Investing CF | ₹1.6K Cr 216.2% | ₹-1.4K Cr 203.5% | ₹1.4K Cr 194.7% | ₹-1.4K Cr 558.7% | ₹312 Cr 151.6% | ₹124 Cr 61.3% | ₹320 Cr 788.9% | ₹36 Cr 244.0% | ₹-25 Cr 125.0% | ₹100 Cr |
| Financing CF | ₹-1.5K Cr 15.5% | ₹-1.3K Cr 22.8% | ₹-1.0K Cr 454.5% | ₹-189 Cr 145.4% | ₹416 Cr 49.7% | ₹827 Cr 159.2% | ₹319 Cr 154.9% | ₹-581 Cr 13.0% | ₹-668 Cr 267.0% | ₹-182 Cr |
| Net Cash Flow | ₹2.0K Cr 657.7% | ₹267 Cr 107.1% | ₹-3.8K Cr 218.4% | ₹3.2K Cr 176.4% | ₹1.1K Cr 10536.4% | ₹-11 Cr 80.4% | ₹-56 Cr 93.8% | ₹-908 Cr 638.2% | ₹-123 Cr 121.6% | ₹570 Cr |
| Free Cash Flow | ₹1.4K Cr 44.9% | ₹2.6K Cr 163.8% | ₹-4.1K Cr 188.2% | ₹4.7K Cr 1588.8% | ₹277 Cr 128.2% | ₹-983 Cr 36.3% | ₹-721 Cr 58.8% | ₹-454 Cr 217.9% | ₹385 Cr 39.3% | ₹634 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33d 83.3% | 18d 5.9% | 17d 5.6% | 18d 21.7% | 23d 9.5% | 21d 8.7% | 23d 32.4% | 34d 13.3% | 30d 23.1% | 39d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 33d 83.3% | 18d 5.9% | 17d 5.6% | 18d 21.7% | 23d 9.5% | 21d 8.7% | 23d 32.4% | 34d 13.3% | 30d 23.1% | 39d |
| Working Capital Days | 39d 14.7% | 34d 30.6% | 49d 226.7% | 15d 88.4% | 129d 5.7% | 122d 23.2% | 99d 41.4% | 70d 233.3% | 21d 58.0% | 50d |
| ROCE | 15.0% 16.7% | 18.0% 5.9% | 17.0% 6.3% | 16.0% 0.0% | 16.0% 33.3% | 12.0% 7.7% | 13.0% 8.3% | 12.0% 33.3% | 9.0% 28.6% | 7.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Rail Vikas Nigam Limited
Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway. [1] [2]
ConstructionConstruction