Rail Vikas Nigam Ltd
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]
- Market Cap ₹ 86,872 Cr.
- Current Price ₹ 417
- High / Low ₹ 432 / 117
- Stock P/E 59.4
- Book Value ₹ 37.7
- Dividend Yield 0.51 %
- ROCE 18.7 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 33.4%
- Company's median sales growth is 26.2% of last 10 years
Cons
- Stock is trading at 11.0 times its book value
- Earnings include an other income of Rs.1,183 Cr.
- Promoter holding has decreased over last 3 years: -5.37%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
2,494 | 3,147 | 4,540 | 5,915 | 7,557 | 10,060 | 14,531 | 15,404 | 19,382 | 20,282 | 21,733 | |
2,402 | 3,001 | 4,322 | 5,633 | 7,174 | 9,529 | 13,744 | 14,524 | 18,200 | 19,037 | 20,386 | |
Operating Profit | 92 | 146 | 217 | 282 | 383 | 531 | 787 | 880 | 1,182 | 1,244 | 1,346 |
OPM % | 4% | 5% | 5% | 5% | 5% | 5% | 5% | 6% | 6% | 6% | 6% |
105 | 123 | 180 | 248 | 231 | 285 | 266 | 757 | 809 | 1,004 | 1,183 | |
Interest | 0 | 15 | 23 | 35 | 45 | 52 | 41 | 458 | 564 | 581 | 568 |
Depreciation | 6 | 5 | 5 | 5 | 5 | 6 | 20 | 23 | 21 | 22 | 21 |
Profit before tax | 192 | 248 | 370 | 489 | 564 | 758 | 991 | 1,156 | 1,406 | 1,644 | 1,939 |
Tax % | 16% | 16% | 19% | 20% | 17% | 20% | 20% | 19% | 23% | 23% | 25% |
162 | 209 | 300 | 389 | 470 | 607 | 790 | 941 | 1,087 | 1,268 | 1,463 | |
EPS in Rs | 0.78 | 1.00 | 1.44 | 1.87 | 2.25 | 2.91 | 3.79 | 4.51 | 5.22 | 6.08 | 7.02 |
Dividend Payout % | 19% | 15% | 12% | 76% | 36% | 31% | 30% | 35% | 35% | 35% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 17% |
3 Years: | 12% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 20% |
3 Years: | 16% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 72% |
3 Years: | 133% |
1 Year: | 239% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 21% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 |
Reserves | 467 | 675 | 919 | 998 | 1,266 | 1,654 | 2,415 | 2,881 | 3,546 | 4,394 | 5,782 |
9,218 | 2,514 | 2,624 | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,441 | 6,033 | |
1,425 | 10,558 | 16,153 | 2,837 | 2,101 | 4,669 | 3,019 | 2,654 | 7,104 | 4,661 | 4,834 | |
Total Liabilities | 13,195 | 15,832 | 21,781 | 8,357 | 7,712 | 11,432 | 11,775 | 13,550 | 19,379 | 17,581 | 18,734 |
7 | 6 | 6 | 8 | 249 | 279 | 305 | 292 | 379 | 355 | 366 | |
CWIP | 1 | 2 | 6 | 13 | 21 | 11 | 25 | 53 | 1 | 1 | 94 |
Investments | 487 | 595 | 605 | 615 | 659 | 929 | 969 | 1,060 | 1,163 | 1,187 | 1,611 |
12,701 | 15,229 | 21,164 | 7,722 | 6,783 | 10,212 | 10,476 | 12,145 | 17,835 | 16,039 | 16,663 | |
Total Assets | 13,195 | 15,832 | 21,781 | 8,357 | 7,712 | 11,432 | 11,775 | 13,550 | 19,379 | 17,581 | 18,734 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-762 | 124 | 666 | 519 | -365 | -695 | -962 | 419 | 4,806 | -4,080 | 2,939 | |
25 | -40 | 88 | 23 | 36 | 320 | 124 | 310 | -1,463 | 1,354 | -1,431 | |
1,337 | -152 | -182 | -668 | -581 | 319 | 827 | 416 | -189 | -1,036 | -1,287 | |
Net Cash Flow | 600 | -68 | 571 | -126 | -910 | -56 | -11 | 1,144 | 3,154 | -3,762 | 221 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 22 | 38 | 30 | 35 | 23 | 21 | 23 | 18 | 17 | 19 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 9 | 22 | 38 | 30 | 35 | 23 | 21 | 23 | 18 | 17 | 19 |
Working Capital Days | 1,375 | 1,418 | 97 | 21 | 70 | 100 | 122 | 135 | 21 | 57 | 43 |
ROCE % | 3% | 7% | 9% | 11% | 13% | 13% | 16% | 17% | 18% |
Documents
Announcements
- Formation Of Subsidiary Company In DUBAI By Rail Vikas Nigam Limited 23h
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Letter of Acceptance received from North Central Railway.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - M/s. KRDCL-RVNL JV has received Letter of Acceptance from Southern Railway.
- Closure of Trading Window 2d
- Rail Vikas Nigam Limited Emerges As The Lowest Bidder (L1) From SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY 21 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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May 2024TranscriptPPTREC
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Feb 2024TranscriptPPT
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Jan 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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Jun 2023TranscriptPPTREC
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Feb 2023TranscriptPPT
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Nov 2022Transcript PPT
Business Overview
Company and its subsidiaries are engaged in the business of implementing various types of Rail infrastructure projects assigned by the Ministry of Railways (MoR) including doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, major bridges, workshops and production units. [1]