Rail Vikas Nigam Limited
₹179.80-₹6.30 (-3.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹68,796 Cr
- P/E
- 69.3x
- EV / EBITDA
- 28.3x
- Revenue
- ₹19,869 Cr
- Net margin
- 6.7%
- ROCE
- 9.7%
Price chart
Technical chartScreen technicals →-45.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -11.0%
- 3M
- -19.3%
- 6M
- -39.6%
- 1Y
- -45.7%
- 5Y
- +395.3%
52-week range
Day change -₹6.30 (-3.4%) from ₹186 to ₹180 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in RVNL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 18.6%
Concerns1
- Other income is 61.0% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Rail Vikas Nigam Limited, together with its subsidiaries, engages in rail infrastructure works in India and internationally. The company undertakes rail project development and implementation, as well as provides financial resources mobilization services.
Read moreShow less
Rail Vikas Nigam Limited, together with its subsidiaries, engages in rail infrastructure works in India and internationally. The company undertakes rail project development and implementation, as well as provides financial resources mobilization services. It also executes various railway projects, including new lines, doubling, gauge conversion, railway electrification, workshops, bridge work, mega and monumental bridges, metro and metropolitan transport projects, new lines, hilly railway projects, construction of cable stayed bridges, institutional buildings, track renewal, training institutes, railway and other safety works, traffic facilities, and road over bridges, etc. In addition, the company engages in civil engineering; equipment and engine; installation of solar energy systems, and electricity transmission and control apparatus; installation and maintenance of underwater telecommunications and power cables; contracting of electrical fittings, ports and marine construction, dams, and tunnels; business planning and implementation; consulting; construction of rail links, subways, irrigation systems, canals, water main storage towers, transmission lines, and feeder bays; installation, maintenance, and repair of solar energy collectors; and operation and maintenance of railway facilities. It serves Indian Railways, various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited was incorporated in 2003 and is based in New Delhi, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 208 Cr shares
- ISIN
- INE415G01027
- BSE code
- 542649
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹68,796 Cr
- P/E
- 69.3x
- P/B
- 8.0x
- EV / EBITDA
- 28.3x
- EV / Sales
- 3.3x
- P/S
- 3.2x
- Earnings yield
- 1.4%
- 52-week high
- ₹387.95
- 52-week low
- ₹179.80
Profitability
- Operating margin
- 6.2%
- Net margin
- 6.7%
- EBITDA margin
- 11.6%
- ROE
- 18.6%
- ROCE
- 9.7%
- ROA
- 7.8%
- Dividend payout
- 30.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 61.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹19,869 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,529 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -18.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,939 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -173.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,017 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.6%
Solvency and efficiency
- Current ratio
- 3.78
- Debt / Equity
- 0.77
- Debt / Assets
- 0.32
- Debt / EBITDA
- 2.39
- Interest coverage
- 2.37
- Financial leverage
- 2.38
- CFO / Net profit
- 2.01
- Cash / Market cap
- 24.2%
- Cash per share
- ₹79.93
- Asset turnover
- 1.16
- Fixed asset turnover
- 59.38
- Capital intensity
- 0.02
- Debtor days
- 19 days
- Cash conversion cycle
- 19 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹6 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹18,768 Cr |
| Sales | Operating profit | ₹1,101 Cr |
| Operating profit | Interest | ₹540 Cr |
| Operating profit | Depreciation | ₹31 Cr |
| Operating profit | Profit before tax | ₹530 Cr |
| Other income | Profit before tax | ₹1,019 Cr |
| Profit before tax | Tax and other | ₹361 Cr |
| Profit before tax | Net profit | ₹1,189 Cr |
Revenue and net profit
Revenue fell 8.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹15,404 Cr | ₹941 Cr |
| FY2022 | ₹19,382 Cr | ₹1,087 Cr |
| FY2023 | ₹20,282 Cr | ₹1,268 Cr |
| FY2024 | ₹21,733 Cr | ₹1,463 Cr |
| FY2025 | ₹19,869 Cr | ₹1,189 Cr |
Cash flows
FY2025: ₹1,920 Cr from operations, ₹3,502 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹419 Cr | ₹729 Cr |
| FY2022 | ₹4,806 Cr | ₹3,343 Cr |
| FY2023 | -₹4,028 Cr | -₹2,714 Cr |
| FY2024 | ₹2,939 Cr | ₹1,506 Cr |
| FY2025 | ₹1,920 Cr | ₹3,502 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹19,869 Cr-8.6%1Y
- Net profit
- ₹1,189 Cr-18.7%1Y
- Cash from operations
- ₹1,920 Cr
- Free cash flow
- ₹3,502 Cr+132.5%1Y
- Revenue CAGR, 5Y
- 8.4%
- EBITDA CAGR, 5Y
- 19.2%
- Net profit CAGR, 5Y
- 13.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹19,869 Cr | ₹1,101 Cr | — | ₹1,189 Cr | ₹1,920 Cr | ₹3,502 Cr | 13.8% | -8.6% | -18.7% |
Monthly returns
Month-by-month returns of RVNL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹19,485 Cr |
| Equity capital | ₹2,085 Cr |
| Reserves | ₹6,539 Cr |
| Borrowings | ₹5,419 Cr |
| Other liabilities | ₹5,441 Cr |
| Assets | ₹19,485 Cr |
| Fixed assets | ₹1,027 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹1,764 Cr |
| Other assets | ₹16,693 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
RVNL trades at 69.3x earnings against a peer median of 34.8x (a 99% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Rail Vikas Nigam LimitedRVNLthis companyP/E ↑ premium | ₹68,796 Cr | 69.3x | 8.0x | 18.6% | 28.3x |
| Hero MotoCorp LimitedHEROMOTOCO | ₹1.1 L Cr | 23.9x | 5.5x | 22.1% | 19.0x |
| Bosch LtdBOSCHLTD | ₹1.1 L Cr | 49.2x | 8.0x | — | — |
| UNO Minda LimitedUNOMINDA | ₹69,261 Cr | 73.0x | 12.7x | 15.8% | 53.8x |
| M.R.F. Ltd.MRF | ₹62,600 Cr | 34.8x | 3.3x | — | — |
| Schaeffler India LimitedSCHAEFFLER | ₹59,282 Cr | 53.0x | 10.8x | — | — |
| Indian Railway Catering & Tourism Corporation LtdIRCTC | ₹50,412 Cr | 37.7x | 11.8x | 34.4% | 31.4x |
| Balkrishna Industries Ltd.BALKRISIND | ₹46,320 Cr | 34.2x | 4.4x | 16.2% | 18.3x |
| Tube Investments of India LtdTIINDIA | ₹46,186 Cr | 34.4x | 8.3x | 18.5% | 40.6x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
RVNL since 1 January, against earlier years.
Historical volatility
RVNL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 6.0% |
| FY2022 | 6.0% |
| FY2023 | 6.0% |
| FY2024 | 6.0% |
| FY2025 | 6.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹19,869 Cr |
| Costs | |
| Interest | ₹540 Cr |
| Expenses | ₹18,768 Cr |
| Operating profitOperating Profit | ₹1,101 Cr |
| Other income and charges | |
| Profit before tax | ₹1,550 Cr |
| Tax | |
| Net profitNet Profit | ₹1,189 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹19,485 Cr |
| Equity capitalEquity Capital | ₹2,085 Cr |
| Reserves | ₹6,539 Cr |
| Borrowings | ₹5,419 Cr |
| Other liabilitiesOther Liabilities | ₹5,441 Cr |
| AssetsTotal Assets | ₹19,485 Cr |
| Fixed assetsFixed Assets | ₹1,027 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹1,764 Cr |
| Other assetsOther Assets | ₹16,693 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,920 Cr |
| Investing cash flowCash from Investing Activity | ₹1,582 Cr |
| Financing cash flowCash from Financing Activity | -₹1,484 Cr |
| Change in cashNet Cash Flow | ₹2,017 Cr |
Learn while you research
Academy chapters picked for Rail Vikas Nigam Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 69.3, learn when high multiples are justified.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read