Rail Vikas Nigam (RVNL) Stock Overview
Engages in rail infrastructure works in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
RVNL Community Fair Values
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Analyst Price Targets
Rail Vikas Nigam Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹231.40 |
| 52 Week High | ₹400.70 |
| 52 Week Low | ₹220.16 |
| Beta | 0.84 |
| 1 Month Change | -1.85% |
| 3 Month Change | -24.16% |
| 1 Year Change | -34.18% |
| 3 Year Change | 86.76% |
| 5 Year Change | 691.11% |
| Change since IPO | 1,114.70% |
Recent News & Updates
Narrative Update • Jul 21
RVNL: Rich Contract Pipeline Will Still Face Lower Future P/E Risk
Analysts have reduced their price target for Rail Vikas Nigam from ₹334 to ₹204, citing adjustments to fair value assumptions, discount rate, revenue growth, profit margin, and a lower future P/E outlook. What’s in the News for Rail Vikas Nigam Rail Vikas Nigam received a Letter of Award from NMDC for setting up buffer stockpiles and a blending yard with 10 MTPA handling capacity at Vizag, Andhra Pradesh.
Narrative Update • Jul 07
RVNL: Lower Margins Will Undermine Benefits Of New Rail Contracts
Analysts have revised their fair value estimate for Rail Vikas Nigam to ₹165 from ₹204, citing updated assumptions on revenue growth, profit margins, the discount rate and future P/E expectations. What’s in the News for Rail Vikas Nigam Received a Letter of Award from NMDC Limited to set up buffer stockpiles and a blending yard with 10 MTPA handling capacity at Vizag, Andhra Pradesh, with a contract size of ₹29,770 million including 18% GST and an execution period of 42 months.Recent updates
Narrative Update • Jul 21
RVNL: Rich Contract Pipeline Will Still Face Lower Future P/E Risk
Analysts have reduced their price target for Rail Vikas Nigam from ₹334 to ₹204, citing adjustments to fair value assumptions, discount rate, revenue growth, profit margin, and a lower future P/E outlook. What’s in the News for Rail Vikas Nigam Rail Vikas Nigam received a Letter of Award from NMDC for setting up buffer stockpiles and a blending yard with 10 MTPA handling capacity at Vizag, Andhra Pradesh.Narrative Update • Jul 07
RVNL: Lower Margins Will Undermine Benefits Of New Rail Contracts
Analysts have revised their fair value estimate for Rail Vikas Nigam to ₹165 from ₹204, citing updated assumptions on revenue growth, profit margins, the discount rate and future P/E expectations. What’s in the News for Rail Vikas Nigam Received a Letter of Award from NMDC Limited to set up buffer stockpiles and a blending yard with 10 MTPA handling capacity at Vizag, Andhra Pradesh, with a contract size of ₹29,770 million including 18% GST and an execution period of 42 months.
Narrative Update • Jun 23
RVNL: Merger Overhang Will Drive Lower Margins Despite New Orders
Analysts have revised their fair value estimate for Rail Vikas Nigam to ₹184.50 from ₹240.33, reflecting updated assumptions on the discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for Rail Vikas Nigam Rail Vikas Nigam received a Letter of Award from NMDC for setting up buffer stockpiles and a blending yard with 10 MTPA handling capacity at Vizag, Andhra Pradesh.Narrative Update • Jun 08
RVNL: New Rail Contracts And Merger Proposal Will Support Bullish Outlook
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹334.0 per share, citing updated assumptions as the key drivers behind the unchanged price target: a 15.55% discount rate, 14.26% revenue growth, a 5.72% profit margin and a forward P/E of 62.33x. What's in the News Government officials are working on a proposal to merge Rail Vikas Nigam and Ircon International, with the aim of creating a larger railway infrastructure company with combined technical and financial resources.Analysis Article • Jun 02
Rail Vikas Nigam's (NSE:RVNL) Shareholders Have More To Worry About Than Only Soft Earnings
Last week's earnings announcement from Rail Vikas Nigam Limited ( NSE:RVNL ) was disappointing to investors, with a...Analysis Article • May 29
Earnings Miss: Rail Vikas Nigam Limited Missed EPS By 22% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Rail Vikas Nigam Limited ( NSE:RVNL ) released its yearly result to the market. The...Narrative Update • May 25
RVNL: Contract Wins And Merger Overhang Will Sustain Margin Pressure
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹240.33 per share. The unchanged price target is supported by slightly higher assumptions for revenue growth, profit margins and future P/E, along with an updated discount rate.Narrative Update • May 10
RVNL: New Rail Orders And Joint Venture Will Shape Balanced Outlook
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹334.0 per share, citing offsetting shifts in assumptions around discount rate, revenue growth, profit margin and future P/E that together support an unchanged price target. What's in the News Board meeting scheduled on May 21, 2026 to review and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for FY 2025-26, subject to shareholder approval at the AGM (Board Meeting).Narrative Update • Apr 23
RVNL: New Orders And Merger Proposal Will Shape Balanced Future Outlook
Analysts have kept the fair value estimate for Rail Vikas Nigam steady at ₹334.0, while fine tuning assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated views on the business outlook and valuation risks. What's in the News Government officials are working on a proposal to merge Rail Vikas Nigam with Ircon International to create a combined rail infrastructure company aimed at handling large and complex projects in India and overseas (M&A rumors and discussions).Narrative Update • Apr 08
RVNL: New NMDC And Railway Orders Will Support Future Upside Potential
Analysts have maintained their price target for Rail Vikas Nigam at ₹334, indicating only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E that do not materially change their overall view on the stock. What's in the News Multiple Letters of Acceptance from NMDC in Chhattisgarh for construction of residential towers, township development and a shopping complex at Bacheli and Kirandul, with individual projects ranging from about ₹2,845.2 million to ₹7,968 million, and timelines between 16 and 34 months, all inclusive of taxes and classified as domestic contracts (Key Developments).Narrative Update • Mar 25
RVNL: New Joint Venture And Order Wins Will Support Upside Potential
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹334.00, reflecting only small tweaks in assumptions such as a slightly different discount rate, modestly adjusted revenue growth expectations, profit margin outlook, and future P/E inputs. What's in the News Texmaco Rail & Engineering and Rail Vikas Nigam signed a joint venture shareholders' agreement, with Texmaco holding a 49% stake and RVNL retaining majority ownership, to pursue rolling stock, maintenance, and large EPC and turnkey rail projects in India and overseas markets (Strategic Alliances).Narrative Update • Mar 11
RVNL: Rich Contract Pipeline Will Still Face Margin Pressure Ahead
Analysts have kept their price target for Rail Vikas Nigam flat at ₹240.33, with only minor tweaks to inputs such as discount rate, revenue growth, profit margin and implied future P/E. This signals that their overall view on the stock's valuation remains broadly unchanged.Narrative Update • Feb 24
RVNL: New Rail Orders And Leadership Transition Will Support Steady Outlook
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹334. This points to only small tweaks in assumptions around discount rate, revenue growth, profit margin and future P/E rather than a change in their overall view of the stock.Analysis Article • Feb 17
What Does Rail Vikas Nigam Limited's (NSE:RVNL) Share Price Indicate?
Rail Vikas Nigam Limited ( NSE:RVNL ), is not the largest company out there, but it received a lot of attention from a...Narrative Update • Feb 10
RVNL: Lower Margin Outlook Will Outweigh New Project Awards
Analysts have trimmed their fair value estimate for Rail Vikas Nigam to ₹240.33 from ₹272.00, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that collectively point to a more conservative outlook on the stock's valuation inputs. What's in the News A board meeting is scheduled for 5 Feb 2026 to review the unaudited standalone and consolidated results for the quarter and nine months ended 31 Dec 2025, and to consider an interim dividend for FY 2025-26 along with fixing the record date for eligible shareholders (company filing).Narrative Update • Jan 25
RVNL: New Rail Awards Will Struggle To Support Elevated Share Price
Analysts have maintained their fair value estimate for Rail Vikas Nigam at ₹204.0, with only slight adjustments to assumptions such as discount rate, revenue growth, profit margin, and future P/E, which they see as broadly offsetting each other. What's in the News Rail Vikas Nigam received a Letter of Award from East Coast Railway to set up a Wagon POH Workshop with a capacity of 200 wagons at Kantabanji, with a project cost excluding GST of ₹201,234,755,655, where it was the sole bidder (company announcement).Analysis Article • Jan 12
Rail Vikas Nigam Limited's (NSE:RVNL) Shares May Have Run Too Fast Too Soon
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 24x, you may consider Rail...Narrative Update • Jan 11
RVNL: New Railway Orders And Leadership Change Will Shape Steady Outlook
Analysts have kept their fair value estimate for Rail Vikas Nigam steady at ₹334.0, as small adjustments to the discount rate, revenue growth outlook and assumed future P/E are seen as offsetting each other rather than driving a clear change in their price target view. What's in the News Rail Vikas Nigam received a Letter of Award from East Coast Railway to set up a Wagon POH Workshop with 200 wagon capacity at Kantabanji, with a project cost excluding GST of ₹201,234,755,655.Narrative Update • Dec 26
RVNL: Future Orders Will Struggle To Justify Elevated Share Price
Analysts have nudged their price target on Rail Vikas Nigam higher to Rs 204.0, reflecting slightly stronger assumptions around revenue growth, profit margins and future valuation multiples despite a modestly higher discount rate. What's in the News Received a Letter of Award from North Eastern Railway for construction of the substructure of Important Bridge No. 50 over the river Gandak, a double line project worth about INR 1.65 billion including GST, to be executed in 24 months (company filing).Analysis Article • Dec 25
Is Rail Vikas Nigam (NSE:RVNL) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Dec 12
RVNL: Order Wins And Higher Discount Rate Will Shape Measured Outlook
Narrative Update on Rail Vikas Nigam Analysts have trimmed their price target on Rail Vikas Nigam slightly, from ₹340 to about ₹334, as they incorporate a higher discount rate, despite modestly stronger assumptions for revenue growth, profit margins, and future valuation multiples. What's in the News Received a letter of acceptance from East Coast Railway to supply, install, test and commission an IP based video surveillance system for its rolling stock, with a project cost of about INR 964 million excluding GST, to be completed within 180 days (company filing).Analysis Article • Nov 19
Rail Vikas Nigam's (NSE:RVNL) Anemic Earnings Might Be Worse Than You Think
Rail Vikas Nigam Limited's ( NSE:RVNL ) recent weak earnings report didn't cause a big stock movement. However, we...Analysis Article • Nov 05
Is It Time To Consider Buying Rail Vikas Nigam Limited (NSE:RVNL)?
Rail Vikas Nigam Limited ( NSE:RVNL ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Oct 13
The Returns At Rail Vikas Nigam (NSE:RVNL) Aren't Growing
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Sep 22
These 4 Measures Indicate That Rail Vikas Nigam (NSE:RVNL) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 04
Some Shareholders Feeling Restless Over Rail Vikas Nigam Limited's (NSE:RVNL) P/E Ratio
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 27x, you may consider Rail...Narrative Update • Aug 07
Margin Pressures And Vande Bharat Will Define Future Trajectory
The consensus analyst price target for Rail Vikas Nigam has been sharply reduced, mainly reflecting a significant fall in the expected future P/E ratio, with the fair value revised down to ₹216. What's in the News Annual dividend set at INR 1.72 per share, representing a decrease.
New Narrative • Feb 23
Kinet JV And International Expansion Will Strengthen Future Success
Strategic expansion and diversification through international projects and bidding could boost revenue growth and enhance profitability with higher-margin opportunities.Shareholder Returns
| RVNL | IN Construction | IN Market | |
|---|---|---|---|
| 7D | 4.5% | 3.1% | 2.2% |
| 1Y | -34.2% | -3.8% | 3.8% |
Return vs Industry: RVNL underperformed the Indian Construction industry which returned -3.8% over the past year.
Return vs Market: RVNL underperformed the Indian Market which returned 3.8% over the past year.
Price Volatility
| RVNL volatility | |
|---|---|
| RVNL Average Weekly Movement | 4.0% |
| Construction Industry Average Movement | 6.4% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in IN Market | 9.1% |
| 10% least volatile stocks in IN Market | 3.7% |
Stable Share Price: RVNL has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: RVNL's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 250 | Saleem Ahmad | rvnl.org |
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.
Rail Vikas Nigam Limited Fundamentals Summary
| RVNL fundamental statistics | |
|---|---|
| Market cap | ₹482.47b |
| Earnings (TTM) | ₹8.75b |
| Revenue (TTM) | ₹204.12b |
55.2x
P/E Ratio2.4x
P/S RatioIs RVNL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RVNL income statement (TTM) | |
|---|---|
| Revenue | ₹204.12b |
| Cost of Revenue | ₹191.84b |
| Gross Profit | ₹12.29b |
| Other Expenses | ₹3.54b |
| Earnings | ₹8.75b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 11, 2026
| Earnings per share (EPS) | 4.20 |
| Gross Margin | 6.02% |
| Net Profit Margin | 4.29% |
| Debt/Equity Ratio | 49.0% |
How did RVNL perform over the long term?
See historical performance and comparisonDividends
0.6%
Current Dividend Yield41%
Payout RatioDoes RVNL pay a reliable dividends?
See RVNL dividend history and benchmarks| Rail Vikas Nigam dividend dates | |
|---|---|
| Ex Dividend Date | Aug 18 2026 |
| Dividend Pay Date | Sep 24 2026 |
| Days until Ex dividend | 13 days |
| Days until Dividend pay date | 50 days |
Does RVNL pay a reliable dividends?
See RVNL dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/04 17:34 |
| End of Day Share Price | 2026/08/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rail Vikas Nigam Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Antique Stockbroking Ltd. |
| Vishal Periwal | Prabhudas Lilladher Pvt Ltd. |