Rail Vikas Nigam
Market cap ₹38,083 Cr
- P/E
- 42.68
- Day range
- ₹177.86 – ₹185.43
- 52-week range
- ₹177.86 – ₹400.70
- Volume
- 45.35 L
- Open
- ₹180.15
- Prev close
- ₹181.31
Latest results · Q1 FY27(consolidated)Revenue ₹4,321 Cr+10.6%Profit ₹160 Cr+18.7%Margin 3.7%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
RVNL in NSE indices and F&O
F&O margin for one lot of RVNL (1,925 shares)Research profile
Composite 22 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.3%
- Graham no.
- ₹67.89
- vs Graham
- -62.8%
- ROE ÷ P/B
- 2.3%
- 12-1 mom.
- -36.6%
- Return / vol
- -1.35
- Magic Formula
- #512
- Piotroski
- 2/6
- FCF yield
- -5.2%
Appears in 8 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 12 in Defence| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL | ₹3.19 L Cr | 34.26 | 7.70 | 24.0% | 32.0% | 28.0% | 0.00 | +14.4% |
| Bharat ElectronicsBEL | ₹2.65 L Cr | 43.21 | 11.04 | 27.6% | 36.0% | 25.0% | 0.00 | +24.9% |
| Bharat Heavy ElectricalsBHEL | ₹1.37 L Cr | 56.44 | 5.05 | 6.3% | 9.0% | 11.0% | 0.22 | +23.8% |
| Power Finance CorpPFC | ₹1.05 L Cr | 4.03 | 0.73 | 26.8% | 9.7% | — | 7.62 | -0.0% |
| Indian Railway FinanceIRFC | ₹97,230 Cr | 13.19 | 1.60 | 12.8% | 5.6% | — | 7.12 | +23.4% |
| REC LtdRECLTD | ₹78,523 Cr | 4.91 | 0.92 | 20.1% | 9.7% | — | 6.10 | -2.0% |
| Mazagon Dock ShipbuildersMAZDOCK | ₹75,634 Cr | 26.46 | 7.69 | 29.1% | 36.0% | 15.0% | 0.05 | +12.1% |
| Rail Vikas NigamRVNL | ₹38,083 Cr | 42.68 | 3.84 | 9.0% | 11.0% | 4.3% | 0.49 | +10.5% |
| Sector median | ₹77,079 Cr | 30.36 | 4.45 | 12.7% | 12.0% | 15.0% | 0.25 | +11.3% |
Sector as classified in the tracked universe; medians use every tracked Defence company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 18h agoHeadlines about Rail Vikas Nigam from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 42.3
- EPS (TTM)
- ₹4.30
- Price / Book
- 3.88
- ROE (FY26)
- 9.0%
- ROCE (latest year)
- 11%
- Dividend yield
- 0.94%
Moving averages (NSE)
- 20-day
- ₹195.82
- Price below
- 50-day
- ₹207
- Price below
- 200-day
- ₹259.62
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- Public
- DII
- FII
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,914 | 4,689 | 6,714 | 4,074 | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 | 4,684 | 6,696 | 4,321 |
| Expenses | 4,616 | 4,440 | 6,258 | 3,892 | 4,599 | 4,328 | 5,994 | 3,856 | 4,906 | 4,464 | 6,427 | 4,137 |
| Operating Profit | 298 | 249 | 456 | 182 | 256 | 239 | 433 | 53 | 217 | 221 | 269 | 185 |
| OPM % | 6% | 5% | 7% | 4.5% | 5% | 5% | 7% | 1.4% | 4.2% | 4.7% | 4% | 4.3% |
| Other Income | 320 | 358 | 323 | 264 | 281 | 326 | 236 | 238 | 234 | 308 | 89 | 147 |
| Interest | 133 | 139 | 150 | 137 | 141 | 145 | 117 | 108 | 100 | 105 | 98 | 98 |
| Depreciation | 6 | 5 | 4 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 10 | 10 |
| Profit before tax | 480 | 463 | 625 | 302 | 389 | 413 | 543 | 173 | 342 | 415 | 250 | 224 |
| Tax % | 18% | 22% | 23% | 26% | 26% | 25% | 16% | 23% | 33% | 22% | 27% | 29% |
| Net Profit | 394 | 359 | 478 | 224 | 287 | 312 | 455 | 134 | 231 | 324 | 182 | 160 |
| 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 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+73 days since Mar 2021
+73 days since Mar 2021
-31 days since Mar 2021
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 3.88 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.
- 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
- +38%
- 3 Years
- +5%
- 1 Year
- -45%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 72.84% | 72.84% | 72.84% | 72.84% | 0.00 pp |
| FII | 4.97% | 4.86% | 2.41% | 2.38% | -0.03 pp |
| DII | 6.37% | 6.42% | 6.60% | 6.21% | -0.39 pp |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.00 pp |
| Public | 15.79% | 15.87% | 18.15% | 18.58% | +0.43 pp |
Filed with NSE for Sept 2026: promoters 72.84%, public 27.16% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 0.35% (-0.01 pp)- Promoters72.8%
- Foreign institutions2.4%
- Mutual funds0.3%
- Insurance5.9%
- Other domestic institutions0.0%
- Retail16.4%
- Others2.2%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| SBI Arbitrage Fund | 0.04% | 0.04% | +0.02 pp |
| Edelweiss Arbitrage Fund | 0.03% | 0.09% | -0.01 pp |
| Motilal Oswal Nifty Midcap 150 Index Fund | 0.03% | 0.28% | -0.04 pp |
| Groww Nifty India Railways PSU Index Fund | 0.02% | 13.92% | -0.80 pp |
| Nippon India Nifty Midcap 150 Index Fund | 0.02% | 0.28% | -0.05 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.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 33.6%
- Downside volatility
- 31.2%
- Worst 5% of days
- 3.5%
- Average of that tail
- 4.9%
- Max drawdown (1Y)
- 53.3%
- Below its peak
- 53.3%
Against the market
- Beta vs Nifty 50
- 1.50
- Correlation
- 0.59
- Relative strength (3M)
- -13.8%
- ATR (14)
- 3.3%
Return
- Return 1M
- -14.1%
- Return 3M
- -19.1%
- Return 6M
- -41.0%
- Return 1Y
- -45.6%
- vs 200-day average
- -30.2%
Momentum
- RSI (14)
- 31.0
- MACD histogram
- -0.63
- Stochastic %K
- 8.1
- ADX (14)
- 17.2
- +DI / −DI
- 17.6 / 33.5
- Money flow index
- 44.8
Participation
- Delivery (20d avg)
- 28.9%
- vs its 60-day baseline
- -2.8 pts
- Volume vs 20-day
- +0.1σ
- Close vs day's VWAP
- -0.4%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
2 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- -₹1,950 Cr
- FCF yield
- -5.2%
- Cash conversion
- -2.17
- Accruals ratio
- 0.127
- Net debt
- ₹4,262 Cr
- Net debt / equity
- 0.43
- EV / sales
- 2.02
- Capex intensity
- 0.3%
- Revenue CAGR
- 4.2%
- Profit CAGR
- -60.4%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividendNot available — not reported in this filing
Dividend - Re 0.71 Per Share
18 Aug 2026ex-date - dividendNot available — not reported in this filing
Interim Dividend - Re 1 Per Share
11 Feb 2026ex-date - dividend₹1.72
Dividend - Rs 1.72 Per Share
21 Aug 2025ex-date - dividend₹2.11
Annual General Meeting/Dividend - Rs 2.11 Per Share
23 Sept 2024ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 0.36 Per Share
20 Sept 2023ex-date - dividend₹1.77
Interim Dividend - Rs 1.77 Per Share
6 Apr 2023ex-date - dividend₹0.25
Annual General Meeting/Dividend - Rs 0.25 Per Share
22 Sept 2022ex-date - dividendNot available — not reported in this filing
Interim Dividend Re 1.58 Per Share
24 Mar 2022ex-date - dividend₹0.44
Annual General Meeting/Dividend - Rs 0.44 Per Share
30 Nov 2021ex-date - dividend₹1.14
Interim Dividend - Rs 1.14 Per Share
8 Apr 2021ex-date - dividend₹1.14
Dividend - Rs 1.14 Per Share
8 Dec 2020ex-date - dividend₹0.09
Dividend - Rs 0.09 Per Share
6 Sept 2019ex-date
Company announcements
Rail Vikas Nigam Limited (RVNL) has signed MoU with the Damodar Valley Corporation (DVC)
Appointment of Shri Deepak Mohanty (DIN: 09356933) as Non- Official (Independent) Director on the Board of Rail Vikas Nigam Limited
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026
Appointment of Shri Deepak Mohanty as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited
Board Comments on fine levied by the Exchanges
Cancellation of Letter of Award received from East Coast Railway
Appointment of Smt. Neeti Sarkar (DIN: 11978693) as Director/Finance (Additional Charge) vice Shri Abhishek Kumar, then Director (Finance) on the Board of Rail Vikas Nigam Limited
Outcome of Board Meeting
Entrustment of additional charge of post of Director (Finance) on the Board of Rail Vikas Nigam Limited
Intimation of Trading Window Closure
Intimation under Regulation 30 of the SEBI (LODR) Regulation, 2015
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Acceptance from East Coast Railway
Appointment of Statutory Auditor for F.Y. 2026-27
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited)
Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway- Normal course of business of the Company
Filed with BSE (scrip 542649); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptRecording
- Jun 2026TranscriptRecording
- Feb 2026Transcript
- Nov 2025TranscriptRecording
- Aug 2025TranscriptRecording
- May 2025Transcript
Credit ratings
- Rating update · 9 Mar from care
- Rating update · 28 Mar 2025 from care
- Rating update · 5 Apr 2024 from care
- Rating update · 1 Nov 2023 from care
- Rating update · 26 Dec 2022 from care
- Rating update · 3 Oct 2022 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 11 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Rail Vikas Nigam: common questions
Answered from the figures on this page.
