Rail Vikas Nigam
- Market cap
- ₹ 37,551 Cr.
- P/E
- 42.7x
- P/B
- 3.97x
- 52-week range
- 177.86 – 400.7
- ROE
- 9%
- ROCE
- 11%
- Dividend yield
- 0.9%
- Debt / equity
- 0.49
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Rail Vikas Nigam Limited (RVNL) is an India-based company, which is engaged in development of rail infrastructure. RVNL is engaged in the business of implementing various types of Rail infrastructure projects assigned by Ministry of Railway (MoR) including doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, bridges, metro projects, workshops, and production units. It undertakes and executes the project development, financing and implementation of projects related to rail infrastructure. It works on a turnkey basis and undertakes the full cycle of project development from conceptualization to commissioning, including stages of design, preparation of estimates, calling contracts, project and contract management, among others. Its projects include Manamadurai-Rameswaram, Jakhapura- Haridaspur 3rd Line, Cuttack - Barang Doubling, Vallarpadam-Idapally, and Villipuram-Dindigul Doubling.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Rail Vikas Nigam against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)42.7 against a typical 14.4: pricier than most peers (1st = cheapest).156th of 181
- Sales growth+10.5% against a typical +8.6% from a year earlier.70th of 147
- Profit growth+19.4% against a typical 0% from a year earlier.49th of 130
- Share price, 3 months−18.1% against a typical −13.1%.109th of 164
- Size₹ 37,551.2 Cr. market value against a typical ₹ 148 Cr. (1st = largest).1st of 156
Latest announcements
Exchange filings and their impact on the company.
- RVNL signed an early-stage MoU with DVC for rail connectivity work with no confirmed order value.
Rail Vikas Nigam (RVNL) has signed an MoU with Damodar Valley Corporation for development, upgradation and construction of rail infrastructure and connectivity to DVC power plants and captive coal mines, including rapid loading systems and electrification. No order value, timeline or financial terms were disclosed and the company said it is in the ordinary course of business. The tie-up could lead to future project orders but adds no confirmed business yet.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA | Stable | 9 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Mar 2026 | Reaffirmed | CARE AAA | — | CARE | ₹ 10,040 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results | To consider and approve the Unauditied Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2026 |
| 25 May 2026 | Financial Results/Dividend | RVNL : 25-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 21, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 25, 2026, To consider and approve the financial results for the period ended March 31, 2026 and to recommend dividend |
| 21 May 2026 | Financial Results/Dividend | Intimation of Board Meeting |
| 5 Feb 2026 | Financial Results | To consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2025. |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2025 |
| 12 Aug 2025 | Financial Results | To consider and approve the Unaudited Financial Results (Standalone & Consolidated) ofthe Company for the quarter ended Jun 30, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 2.3 | 1.07 | 1.38 | 1.49 | 2.18 | 0.65 | 1.1 | 1.55 | 0.9 | 0.76 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 16%
- 5 Years
- 6%
- 3 Years
- 0%
- TTM
- 5%
- 10 Years
- 7%
- 5 Years
- −2%
- 3 Years
- −13%
- TTM
- −24%
- 10 Years
- —
- 5 Years
- 52%
- 3 Years
- 22%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Rail Vikas Nigam | ₹ 184.10 | ₹ 37,551 Cr. | 42.7x | 4x | 9% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Saleem Ahmad
- Chairman of the Board, Managing Director
- Chandan Kumar Verma
- Chief Financial Officer, Executive Director
- Abhishek Kumar
- Director - Finance , Director
- Kalpana Dubey
- Company Secretary, Compliance Officer
- Anupam Ban
- Whole-Time Director, Director - Personnel
- Mritunjay Pratap Pratap Singh
- Director - Operations, Director
- Manoj Kumar Pandey
- Executive Director (Electrical)
- Baldev Singh
- Executive Director (Civil)
Prices are delayed and for information only. Nothing on this page is investment advice.