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 ₹ 68,670 Cr.
- Current Price ₹ 329
- High / Low ₹ 647 / 220
- Stock P/E 52.8
- Book Value ₹ 42.2
- Dividend Yield 0.64 %
- ROCE 18.4 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 31.8%
Cons
- Stock is trading at 7.81 times its book value
- Earnings include an other income of Rs.1,194 Cr.
- Promoter holding has decreased over last 3 years: -5.36%
* 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
Part of Nifty Midcap 100 BSE MidCap BSE 500 BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
3,147 | 4,540 | 5,915 | 7,597 | 10,069 | 14,531 | 15,404 | 19,382 | 20,282 | 21,889 | 20,210 | |
3,001 | 4,323 | 5,688 | 7,215 | 9,538 | 13,757 | 14,524 | 18,199 | 19,035 | 20,536 | 19,077 | |
Operating Profit | 146 | 217 | 228 | 382 | 531 | 773 | 880 | 1,183 | 1,246 | 1,353 | 1,133 |
OPM % | 5% | 5% | 4% | 5% | 5% | 5% | 6% | 6% | 6% | 6% | 6% |
123 | 180 | 356 | 331 | 366 | 246 | 808 | 831 | 1,077 | 1,291 | 1,194 | |
Interest | 15 | 23 | 35 | 45 | 52 | 41 | 458 | 564 | 581 | 568 | 573 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 20 | 23 | 21 | 22 | 21 | 26 |
Profit before tax | 248 | 370 | 543 | 664 | 839 | 958 | 1,207 | 1,430 | 1,719 | 2,054 | 1,729 |
Tax % | 16% | 19% | 18% | 14% | 18% | 21% | 18% | 22% | 22% | 23% | |
337 | 429 | 443 | 570 | 688 | 757 | 992 | 1,110 | 1,342 | 1,574 | 1,301 | |
EPS in Rs | 1.62 | 2.06 | 2.13 | 2.73 | 3.30 | 3.63 | 4.76 | 5.32 | 6.44 | 7.55 | 6.24 |
Dividend Payout % | 11% | 9% | 58% | 29% | 27% | 31% | 33% | 34% | 33% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 12% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 17% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 83% |
3 Years: | 112% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 19% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 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 | 975 | 1,337 | 1,472 | 1,839 | 2,311 | 3,034 | 3,551 | 4,240 | 5,161 | 6,661 | 6,707 |
2,514 | 2,624 | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,441 | 6,033 | 5,442 | |
10,561 | 16,169 | 2,866 | 2,101 | 4,669 | 3,019 | 2,654 | 7,097 | 4,656 | 4,834 | 6,176 | |
Total Liabilities | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,344 | 19,612 | 20,410 |
6 | 6 | 8 | 249 | 279 | 305 | 292 | 380 | 355 | 367 | 441 | |
CWIP | 2 | 6 | 13 | 21 | 11 | 25 | 53 | 1 | 1 | 94 | 1 |
Investments | 896 | 1,024 | 1,089 | 1,231 | 1,586 | 1,588 | 1,730 | 1,810 | 1,904 | 2,405 | 2,443 |
15,232 | 21,180 | 7,751 | 6,783 | 10,212 | 10,476 | 12,145 | 17,875 | 16,084 | 16,746 | 17,524 | |
Total Assets | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,344 | 19,612 | 20,410 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
113 | 652 | 571 | -363 | -695 | -962 | 419 | 4,793 | -4,064 | 2,954 | |
-29 | 100 | -25 | 36 | 320 | 124 | 312 | -1,431 | 1,355 | -1,400 | |
-152 | -182 | -668 | -581 | 319 | 827 | 416 | -189 | -1,048 | -1,287 | |
Net Cash Flow | -68 | 570 | -123 | -908 | -56 | -11 | 1,148 | 3,173 | -3,757 | 267 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 | 17 | 18 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 | 17 | 18 |
Working Capital Days | 1,412 | 1,274 | 21 | 70 | 99 | 122 | 135 | 21 | 57 | 42 |
ROCE % | 7% | 9% | 12% | 13% | 12% | 16% | 16% | 17% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
11 Mar - Resignation of Executive Director Mr. Munna Kumar.
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Rail Vikas Nigam Limited Emerges As The Lowest Bidder (L1) From National Highway Authority Of India- Normal Course Of Business Of The Company
11 Mar - Rail Vikas Nigam Limited is the Lowest Bidder for a new project.
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Rail Vikas Nigam Limited (RVNL) Signed Mou With M/S Abhinava Strategic Partners Pvt Ltd (ASP)
10 Mar - RVNL signed MoU with Abhinava Strategic Partners for advisory services.
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Letter Of Acceptance Received From South Western Railway- Normal Course Of Business Of The Company
6 Mar - Letter of Acceptance from South Western Railway received.
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Letter Of Acceptance Received From HPSEBL- Normal Course Of Business Of The Company
4 Mar - Received Letter of Acceptance for infrastructure development project.
Annual reports
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Financial Year 2024
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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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Concalls
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Feb 2025TranscriptPPT
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Aug 2024TranscriptPPTREC
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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]