Rail Vikas Nigam Limited

NSEI:RVNL Stock Report

Market Cap: ₹901.0b

Rail Vikas Nigam Valuation

Is RVNL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RVNL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RVNL (₹421.85) is trading above our estimate of fair value (₹12.74)

Significantly Below Fair Value: RVNL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RVNL?

Key metric: As RVNL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RVNL. This is calculated by dividing RVNL's market cap by their current earnings.
What is RVNL's PE Ratio?
PE Ratio65.3x
Earnings₹13.48b
Market Cap₹901.04b

Price to Earnings Ratio vs Peers

How does RVNL's PE Ratio compare to its peers?

The above table shows the PE ratio for RVNL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.4x
VOLTAS Voltas
100x27.7%₹558.1b
IRB IRB Infrastructure Developers
44.9x29.1%₹286.4b
534309 NBCC (India)
50.2x17.4%₹242.3b
KEC KEC International
62.6x38.8%₹264.9b
RVNL Rail Vikas Nigam
65.3x10.5%₹901.0b

Price-To-Earnings vs Peers: RVNL is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the peer average (64.4x).

Price to Earnings Ratio vs Industry

How does RVNL's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$78.85m
533152 MBL Infrastructures
2.6xn/aUS$68.54m
ATLANTAA Atlantaa
2.5xn/aUS$50.21m
SKIL SKIL Infrastructure
0.1xn/aUS$14.33m
RVNL 65.3xIndustry Avg. 25.8xNo. of Companies22PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RVNL is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the Indian Construction industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

What is RVNL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RVNL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.3x
Fair PE Ratio45.4x

Price-To-Earnings vs Fair Ratio: RVNL is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the estimated Fair Price-To-Earnings Ratio (45.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RVNL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹421.85
₹357.00
-15.4%
29.7%₹463.00₹251.00n/a2
Nov ’25₹470.95
₹416.00
-11.7%
32.0%₹549.00₹283.00n/a2
Oct ’25₹524.70
₹416.00
-20.7%
32.0%₹549.00₹283.00n/a2
Sep ’25₹607.40
₹416.00
-31.5%
32.0%₹549.00₹283.00n/a2
Aug ’25₹595.50
₹268.00
-55.0%
13.1%₹303.00₹233.00n/a2
Jul ’25₹415.00
₹268.00
-35.4%
13.1%₹303.00₹233.00n/a2
Jun ’25₹381.70
₹268.00
-29.8%
13.1%₹303.00₹233.00n/a2
May ’25₹286.40
₹240.50
-16.0%
3.1%₹248.00₹233.00n/a2
Apr ’25₹261.75
₹240.50
-8.1%
3.1%₹248.00₹233.00n/a2
Mar ’25₹246.20
₹240.50
-2.3%
3.1%₹248.00₹233.00n/a2
Feb ’25₹297.55
₹164.00
-44.9%
9.1%₹179.00₹149.00n/a2
Jan ’25₹182.00
₹154.50
-15.1%
3.6%₹160.00₹149.00n/a2
Dec ’24₹165.00
₹146.33
-11.3%
8.5%₹160.00₹130.00n/a3
Nov ’24₹153.00
₹145.00
-5.2%
10.3%₹160.00₹130.00₹470.952
May ’24₹107.55
₹61.00
-43.3%
31.1%₹80.00₹42.00₹286.402
Apr ’24₹68.60
₹61.00
-11.1%
31.1%₹80.00₹42.00₹261.752
Mar ’24₹58.50
₹61.00
+4.3%
31.1%₹80.00₹42.00₹246.202
Feb ’24₹72.65
₹61.00
-16.0%
31.1%₹80.00₹42.00₹297.552
Jan ’24₹68.25
₹61.00
-10.6%
31.1%₹80.00₹42.00₹182.002
Dec ’23₹75.05
₹61.00
-18.7%
31.1%₹80.00₹42.00₹165.002
Nov ’23₹40.20
₹41.50
+3.2%
1.2%₹42.00₹41.00₹153.002

Analyst Forecast: Target price is lower than the current share price.

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