Construction · NIFTY 500

Rail Vikas Nigam Limited

NSERVNL BSE542649 ISININE415G01027 SeriesEQ Listed on NSE · BSE

₹205.40 -4.00 (-1.91%) Updated 12 Nov, 8:49 pm IST

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Price, daily close-40.66% in a year

Today

Open: ₹210.74
Prev close: ₹209.40
Day high: ₹212.50
Day low: ₹204.76
Volume: 1.12 Cr
Value traded: ₹232.55 Cr
Upper circuit: ₹211.64
Lower circuit: ₹199.32
52W high: ₹400.70
52W low: ₹177.86
1 month: +3.28%
6 months: -34.55%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹42,826 Cr

P/E (TTM)46.58

P/B4.24

Book value / share₹48.45

EPS (TTM)₹4.41

ROE9.1%

Dividend yield0.83%

Dividend (12m)₹1.71 / share

Net margin (TTM)4.5%

Operating margin5.6%

Debt / equity0.43

Current ratio1.87

EV / EBITDA49.52

Sales growth (YoY qtr)-8.24%

Profit growth (YoY qtr)+8.32%

Sales CAGR 3Y+0.21%

Profit CAGR 3Y-14.93%

Shares208.50 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

4,689359

Dec 23

6,714479

Mar 24

4,074224

Jun 24

4,855287

Sep 24

4,567311

Dec 24

6,427459

Mar 25

3,909135

Jun 25

5,123230

Sep 25

4,684323

Dec 25

6,696187

Mar 26

4,321159

Jun 26

4,701249

Sep 26

Revenue · QoQ (vs last quarter)

—+43%-39%+19%-5.9%+41%-39%+31%-8.6%+43%-35%+8.8%

Revenue · YoY (vs a year ago)

————-2.6%-4.3%-4.1%+5.5%+2.6%+4.2%+11%-8.2%

Net profit · QoQ (vs last quarter)

—+33%-53%+28%+8.6%+47%-71%+71%+40%-42%-15%+57%

Net profit · YoY (vs a year ago)

————-13%-4.1%-40%-20%+3.7%-59%+18%+8.3%

RevenueNet profitLine = trend

1.72

Dec 23

2.29

Mar 24

1.07

Jun 24

1.38

Sep 24

1.49

Dec 24

2.20

Mar 25

0.65

Jun 25

1.10

Sep 25

1.55

Dec 25

0.90

Mar 26

0.76

Jun 26

1.20

Sep 26

EPS (₹) · YoY (vs a year ago)

————-13%-3.9%-39%-20%+4.0%-59%+17%+9.1%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	4,689	6,714	4,074	4,855	4,567	6,427	3,909	5,123	4,684	6,696	4,321	4,701
Other income	328	280	263	281	269	187	228	210	252	85.0	141	135
Total income	5,017	6,994	4,337	5,136	4,836	6,614	4,137	5,333	4,936	6,781	4,462	4,836
Raw material	4,340	6,162	3,794	4,499	4,219	5,893	3,696	4,767	4,354	6,319	4,046	4,334
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	50.8	45.5	47.0	45.4	50.7	44.8	50.1	52.6	50.8	46.0	54.3	51.9
Other expenses	49.5	49.7	51.1	38.6	58.1	56.1	110	86.5	58.8	62.7	36.4	51.1
Total expenses	4,584	6,412	4,037	4,732	4,480	6,120	3,973	5,015	4,577	6,535	4,245	4,541
Operating profit	249	456	182	271	239	433	52.9	217	221	269	185	264
OPM %	5.3%	6.8%	4.5%	5.6%	5.2%	6.7%	1.4%	4.2%	4.7%	4.0%	4.3%	5.6%
Finance cost	139	150	137	141	145	117	108	100	105	97.6	97.9	93.5
Depreciation	4.8	4.4	6.9	7.4	7.4	9.0	8.9	8.9	8.9	9.7	10.4	10.4
Profit before tax	433	582	300	405	356	494	164	318	359	246	217	295
Tax	104	147	77.7	102	101	87.1	39.1	112	91.0	68.7	64.0	71.7
Net profit	359	478	224	287	312	459	134	231	324	182	160	254
Profit to shareholders	359	479	224	287	311	459	135	230	323	187	159	249
EPS (₹)	1.72	2.29	1.07	1.38	1.49	2.20	0.65	1.10	1.55	0.90	0.76	1.20

Profit & loss

Results for each year

7 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

14,531786753

FY20

15,404880922

FY21

19,3821,1831,183

FY22

20,2821,2471,421

FY23

21,8891,3531,574

FY24

19,9231,1251,281

FY25

20,412767875

FY26

Revenue · YoY (vs a year ago)

—+6.0%+26%+4.6%+7.9%-9.0%+2.5%

Net profit · YoY (vs a year ago)

—+22%+28%+20%+11%-19%-32%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	14,531	15,404	19,382	20,282	21,889	19,923	20,412
Other income	246	309	800	996	1,186	1,000	775
Total expenses	13,805	14,575	18,783	19,638	21,126	19,368	20,100
Employee cost	190	208	204	191	189	188	199
Operating profit	786	880	1,183	1,247	1,353	1,125	767
OPM %	5.4%	5.7%	6.1%	6.1%	6.2%	5.6%	3.8%
Finance cost	41.0	28.3	564	581	568	540	419
Depreciation	20.3	22.9	20.9	22.3	20.9	30.7	36.4
Profit before tax	971	1,138	1,399	1,640	1,949	1,555	1,087
Tax	201	215	319	378	479	369	311
Tax rate %	20.7%	18.9%	22.8%	23.0%	24.6%	23.7%	28.6%
Net profit	753	922	1,183	1,421	1,574	1,282	871
Profit to shareholders	753	922	1,183	1,421	1,574	1,281	875
Net margin %	5.2%	6.0%	6.1%	7.0%	7.2%	6.4%	4.3%
EPS (₹)	3.61	4.42	5.67	6.81	7.55	6.15	4.20

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

7,3256,408837

Mar 23

8,7465,9881,104

Mar 24

9,5715,3893,127

Mar 25

9,8224,814556

Mar 26

10,1014,305691

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+19%+9.4%+2.6%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	7,325	8,746	9,571	9,822	10,101
Long-term borrowings	6,031	5,516	4,890	4,321	3,823
Short-term borrowings	377	472	500	493	482
Total borrowings	6,408	5,988	5,389	4,814	4,305
Current liabilities	4,442	4,579	5,652	7,126	7,763
Fixed assets (PPE)	26.6	28.9	537	574	546
Inventories	0.0	0.0	0.0	118	101
Trade receivables	969	1,077	1,486	5,371	5,530
Cash & equivalents	837	1,104	3,127	556	691
Current assets	9,045	9,746	11,667	13,575	14,546
Total assets	18,422	19,612	20,482	21,702	22,109
Debt / equity	0.87	0.68	0.56	0.49	0.43

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

4,800-1,427-187

FY22

-4,0761,355-1,036

FY23

2,954-1,399-1,287

FY24

1,8781,629-1,484

FY25

-1,894942-1,619

FY26

Operations · YoY (vs a year ago)

—-185%+172%-36%-201%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	4,800	-4,076	2,954	1,878	-1,894
Cash from investing	-1,427	1,355	-1,399	1,629	942
Cash from financing	-187	-1,036	-1,287	-1,484	-1,619
Spent on fixed assets	-14.3	-10.1	-116	-432	-61.0
Free cash flow	4,786	-4,086	2,838	1,446	-1,955
Net cash flow	3,187	-3,757	269	2,023	-2,571

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

72.8%Dec 23

72.8%Mar 24

72.8%Jun 24

72.8%Sep 24

72.8%Dec 24

72.8%Mar 25

72.8%Jun 25

72.8%Sep 25

72.8%Dec 25

72.8%Mar 26

72.8%Jun 26

72.8%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

72.8%promoter

Promoter & group: 72.84%
Public (FIIs, mutual funds, retail…): 27.16%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Re 0.71 Per ShareEx 18-Aug-2026
Interim Dividend - Re 1 Per ShareEx 11-Feb-2026
Dividend - Rs 1.72 Per ShareEx 21-Aug-2025
Annual General Meeting/Dividend - Rs 2.11 Per ShareEx 23-Sep-2024
Annual General Meeting/Dividend - Re 0.36 Per ShareEx 20-Sep-2023
Interim Dividend - Rs 1.77 Per ShareEx 06-Apr-2023
Annual General Meeting/Dividend - Rs 0.25 Per ShareEx 22-Sep-2022
Interim Dividend Re 1.58 Per ShareEx 24-Mar-2022

Board meetings

Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Fin…12-Nov-2026
Intimation of Board Meeting- Re-schedule12-Nov-2026
Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Fin…13-Nov-2026
the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended 30th September, 202613-Nov-2026
Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 11-Aug-2026 to inter-alia consider and approve the Unaudited Fin…11-Aug-2026

Filings with NSE

Outcome of Board Meeting12 Nov
Analysts/Institutional Investor Meet/Con. Call Updates11 Nov
Bagging/Receiving of orders/contracts29 Oct
Change in Management19 Oct
Updates15 Oct
Appointment12 Oct
Certificate under SEBI (Depositories and Participants) Regulations, 20187 Oct

Latest news

Rail Vikas Nigam shares extend gains for third day, surge over 9% today ahead of Q2 results - CNBC TV18LinkedIn · 11 Nov, 2:45 pm InvestingPro warned of 50% drop in Rail Vikas Nigam shares By Investing.comInvesting.com India · 19 Jul, 12:30 pm Railway stocks RVNL, RailTel gain up to 7%; experts see valuation comfortBusiness Standard · 11 Nov, 11:23 am RVNL, IRFC, BEML, IRCON, Texmaco shares zoom; what's driving the surge in railway stocks?Business Today · 11 Nov, 12:13 pm Railway Stocks Rally: RVNL, RailTel Gain Up to 7% as Valuations ImproveEquitypandit · 11 Nov, 12:29 pm Rail Vikas Nigam shares gain on order win worth Rs 903 croreMoneycontrol.com · 7 Sep, 12:30 pm Rail Vikas Nigam shares to be in focus on Tuesday as company secures ₹221 crore orderLivemint · 8 Jun, 12:30 pm Rail Vikas Nigam Shares Rise 1.74% on Fresh ₹221-Crore Order Win from South East Central RailwayHDFC Sky · 9 Jun, 12:30 pm

About

About Rail Vikas Nigam Limited

Rail Vikas Nigam Limited is listed on the NSE under the symbol RVNL and belongs to the Construction sector.

Company details

Company name: Rail Vikas Nigam Limited
NSE symbol: RVNL
BSE scrip code: 542649
ISIN: INE415G01027
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 11 Apr 2019
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 208.50 crore
Index: NIFTY 500
Sector (NSE): Construction
Industry: Engineering & Construction
Managing director / CEO: Saleem Ahmad
Chair: Saleem Ahmad
Headquarters: New Delhi, Delhi, India
Registered address: World Trade Center, Tower A, 6th to 9th Floor, Nauroji Nagar, New Delhi - 110029
Founded: 2003
Employees: 964
Financial year: April to March
Results basis: Consolidated
Website: rvnl.org

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Rail Vikas Nigam Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers