Rail Vikas Nigam

    RVNL
    Defence
    ₹204.90
    price as of 11/9/2026, 5:28:08 pm

    Market cap ₹42,722 Cr

    P/E
    47.43
    Day range
    ₹202.04 – ₹204.99
    52-week range
    ₹202.04 – ₹400.70
    Volume
    38.14 L
    Open
    ₹204.50
    Prev close
    ₹205.60
    52-week range, adjusted for splits and bonuses
    ₹203.83₹400.7
    2 Sept 202629 Dec 2025
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150F&O lot 1,925

    Price history

    6M change -26.08%RSI (14) 31.8 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 35.5% today vs 30.5% average · BSE close ₹205

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹175₹210₹245₹280₹3150%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹205.11
    Change
    -0.39%
    Basis over spot
    +₹0.21
    Futures OI (shares)
    3.74 Cr
    OI change
    +0.39%
    Put-call ratio
    0.45
    Max pain
    ₹215
    Resistance (call OI)
    ₹230
    Support (put OI)
    ₹220
    Lot size
    1,925

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    180190200210220230240250260280020.0 L40.0 L60.0 L80.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    47.7
    EPS (TTM)
    ₹4.30
    ROE (FY26)
    9.0%
    ROCE (latest year)
    11%
    Dividend yield
    0.83%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +0.2%
    Profit 3Y CAGR
    -13.4%
    Revenue YoY (Jun 2026)
    +10.5%
    Profit YoY (Jun 2026)
    +19.4%
    Operating margin
    4.3%
    Net margin
    3.7%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr2.0K Cr4.0K Cr6.0K Cr8.0K Cr0%2%4%6%8%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • Public
    • DII
    • FII
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.0K Cr-2.5K Cr0 Cr2.5K Cr5.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%20%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr0.0x0.3x0.6x0.9x1.2x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales4,9144,6896,7144,0744,8554,5676,4273,9095,1234,6846,6964,321
    Expenses4,6164,4406,2583,8924,5994,3285,9943,8564,9064,4646,4274,137
    Operating Profit29824945618225623943353217221269185
    OPM %6%5%7%4.5%5%5%7%1.4%4.2%4.7%4%4.3%
    Other Income32035832326428132623623823430889147
    Interest1331391501371411451171081001059898
    Depreciation65477799991010
    Profit before tax480463625302389413543173342415250224
    Tax %18%22%23%26%26%25%16%23%33%22%27%29%
    Net Profit394359478224287312455134231324182160
    EPS in Rs₹1.89₹1.72₹2.30₹1.07₹1.38₹1.49₹2.18₹0.65₹1.10₹1.55₹0.90₹0.76

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    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]

    Strengths

    • Company has been maintaining a healthy dividend payout of 32.4%

    Risks

    • Stock is trading at 4.35 times its book value
    • The company has delivered a poor sales growth of 5.79% over past five years.
    • Company has a low return on equity of 13.8% over last 3 years.
    • Earnings include an other income of Rs.779 Cr.
    • Debtor days have increased from 48.8 to 96.0 days.
    • Promoter holding has decreased over last 3 years: -5.36%
    • Working capital days have increased from 57.1 days to 98.0 days

    Compounded Sales Growth

    10 Years
    +16%
    5 Years
    +6%
    3 Years
    0%
    TTM
    +5%

    Compounded Profit Growth

    10 Years
    +7%
    5 Years
    -2%
    3 Years
    -13%
    TTM
    -24%

    Stock Price CAGR

    10 Years
    —
    5 Years
    +46%
    3 Years
    +6%
    1 Year
    -39%

    Return on Equity

    10 Years
    +16%
    5 Years
    +16%
    3 Years
    +14%
    Last Year
    +9%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter72.84%72.84%72.84%72.84%0.00 pp
    FII4.66%4.97%4.86%2.41%-2.45 pp
    DII6.39%6.37%6.42%6.60%+0.18 pp
    Government0.01%0.01%0.01%0.01%0.00 pp
    Public16.08%15.79%15.87%18.15%+2.28 pp

    Filed with NSE for Jun 2026: promoters 72.84%, public 27.16% · XBRL filing

    Analysts & fund holdings

    0%
    0% recommend buy
    1 analysts cover the stock
    Valuation vs Diversified Financial Services
    P/E47.4 vs 16.6
    Sector P/B2.14
    Beta2.15

    Who holds the shares, quarter by quarter

    Mutual funds 0.36% (+0.18 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters72.8%
    • Foreign institutions2.4%
    • Mutual funds0.4%
    • Insurance6.2%
    • Other domestic institutions0.0%
    • Retail15.8%
    • Others2.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Kotak Arbitrage Fund0.14%0.09%+0.09 pp
    SBI Arbitrage Fund0.06%0.06%+0.04 pp
    Edelweiss Arbitrage Fund0.03%0.10%+0.10 pp
    Motilal Oswal Nifty Midcap 150 Index Fund0.03%0.31%-0.12 pp
    Mirae Asset Arbitrage Fund0.02%0.28%+0.28 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    Avg
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      Not available — not reported in this filing

      Dividend - Re 0.71 Per Share

      18 Aug 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      11 Feb 2026
      ex-date
    • dividend
      ₹1.72

      Dividend - Rs 1.72 Per Share

      21 Aug 2025
      ex-date
    • dividend
      ₹2.11

      Annual General Meeting/Dividend - Rs 2.11 Per Share

      23 Sept 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 0.36 Per Share

      20 Sept 2023
      ex-date
    • dividend
      ₹1.77

      Interim Dividend - Rs 1.77 Per Share

      6 Apr 2023
      ex-date
    • dividend
      ₹0.25

      Annual General Meeting/Dividend - Rs 0.25 Per Share

      22 Sept 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend Re 1.58 Per Share

      24 Mar 2022
      ex-date
    • dividend
      ₹0.44

      Annual General Meeting/Dividend - Rs 0.44 Per Share

      30 Nov 2021
      ex-date
    • dividend
      ₹1.14

      Interim Dividend - Rs 1.14 Per Share

      8 Apr 2021
      ex-date
    • dividend
      ₹1.14

      Dividend - Rs 1.14 Per Share

      8 Dec 2020
      ex-date
    • dividend
      ₹0.09

      Dividend - Rs 0.09 Per Share

      6 Sept 2019
      ex-date

    Bulk & block deals

    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    12 Sept 2025—Short sale1,376—

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

    Appointment of Statutory Auditor for F.Y. 2026-27

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited)

    Company Update
    Rail Vikas Nigam Limited Emerges As The Lowest Bidder (L1) From East Coast Railway - Normal Course Of Business Of The Company

    Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway- Normal course of business of the Company

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation regarding Change in the Senior Management

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Re-appointment of an Additional Director designated as Independent Director on the Board of Rail Vikas Nigam Limited

    Company Update
    Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015-Imposition Of Fine By NSE For The Quarter Ended 30Th June, 2026

    Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Imposition of fine by NSE for the quarter ended 30th June, 2026

    Company Update
    Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015-Imposition Of Fine By BSE For The Quarter Ended 30Th June, 2026

    Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Imposition of fine by BSE for the quarter ended 30th June, 2026

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting Results of 23rd Annual General Meeting of the Company held on 25.08.2026 along with the Scrutinizer's Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceeding of the Annual General Meeting held on 25.08.2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Summary of Proceedings of 23rd Annual General Meeting of the Company held on 25th August, 2026

    Others
    Reg. 34 (1) Annual Report.

    Annual Report along with C&AG Comments for the Financial Year 2025-26

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Acceptance from East Coast Railway

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Transcript of Conference Call with Investors

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Appointment of Shri Rakesh Bhalla (DIN: 07020164) as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Dear Sir/Madam, ????? ?????/??????, This is further to our letter dated 06.08.2026 regarding intimation of the Schedule of Conference Call with Investor/Analyst/Institutions. It is ....

    Filed with BSE (scrip 542649); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.