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 (₹233)
Concerns
- ✗Premium to sector peers (P/E 57.4x vs industry 26.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| LT Larsen & Toubro Limited | ₹3,962 | ₹5.5L Cr | 33.6 | 4.99 | 15.9 | 14.6 | 1.32 |
| NBCC NBCC (India) Limited | ₹106 | ₹28K Cr | 42.5 | 9.5 | 24.1 | 31 | 0 |
| IRB IRB Infrastructure Developers Limited | ₹21 -0.61% | ₹26K Cr | 29.7 | 1.22 | 4.31 | 7.48 | 0.96 |
| KPIL Kalpataru Projects International Limited | ₹1,290 -0.07% | ₹22K Cr | 21.8 | 2.84 | 14.2 | 16.6 | 0.69 |
| CEMPRO Cemindia Projects Limited | ₹1,113 -1.29% | ₹18K Cr | 30 | 7.46 | 28.2 | 33.8 | 0.38 |
| KEC KEC International Limited | ₹497 -1.84% | ₹13K Cr | 20.4 | 2.16 | 11.3 | 14.5 | 0.87 |
| IRCON Ircon International Limited | ₹137 +0.49% | ₹13K Cr | 21.5 | 1.93 | 9.19 | 9.69 | 0.8 |
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
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 news →Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card removed
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card removed.* MSCI’s quarterly review adds **three** Indian stocks and drops **four**, effective next month. Rebalancing may trigger passive fund flows into Adani Energy, Nalco, and MCX. RVNL, SBI Card, Kalyan Jewellers, and Hyundai out, potentially leading to sell pressure from index funds. 📊 *STOCKS:* ADANIENERG, NATIONALUM, MCX, RVNL, KALYANKJEW, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
RVNL emerges lowest bidder for ₹218Cr railway signalling project
*RVNL emerges lowest bidder for ₹218Cr East Coast Railway signalling project.* The order win strengthens RVNL’s order book and reinforces its dominance in railway infrastructure. This project is expected to contribute to revenue in the next 18–24 months. Execution efficiency will be key to margin performance. 📊 *STOCKS:* RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX* — MSCI has included Adani Energy Solutions, NALCO, and MCX in its India index, effective next review. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai Motor. The move may trigger passive fund inflows into new entrants and outflows from removed stocks. Rebalancing could impact F&O liquidity ahead of expiry. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped*. MSCI has included Adani Energy, NALCO, and MCX in its India index, effective post-rebalance. Meanwhile, RVNL, Kalyan Jewellers, Hyundai Motor, and SBICard were removed. The move may trigger passive fund inflows into the new entrants and outflows from excluded stocks. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX.* MSCI has added Adani Energy Solutions, NALCO, and MCX to its India index, effective August 2023. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai. The move may trigger **$150M+** in passive fund flows due to index rebalancing. Rejigs often impact FPI holdings and short-term trading patterns. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
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 | 5.0% ▲25.0% | 4.0% ▲300.0% | 1.0% ▼85.7% | 7.0% ▲40.0% | 5.0% ▲0.0% | 5.0% ▲25.0% | 4.0% ▼42.9% | 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 ▼31.8% | ₹1.1K Cr ▼16.9% | ₹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 | 4.0% ▼33.3% | 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% ▲25.0% | 4.0% |
| Other Income | ₹869 Cr ▼20.6% | ₹1.1K Cr ▼13.5% | ₹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 ▼22.4% | ₹540 Cr ▼4.9% | ₹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 ▼28.4% | ₹1.6K Cr ▼18.7% | ₹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 ▼32.1% | ₹1.3K Cr ▼17.3% | ₹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 ▼31.7% | 6.15 ▼17.3% | 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 | 0.0% ▼100.0% | 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 ▼0.2% | ₹7.5K Cr ▲12.8% | ₹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 ▲3.2% | ₹2.6K Cr ▲7.5% | ₹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 ▼36.5% | ₹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 ▼15.3% | ₹-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 ▼45.0% | ₹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 | 27d ▲50.0% | 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 | 27d ▲50.0% | 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]
Construction · Construction