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NSE:RVNL

RAIL VIKAS NIGAM LIMITED

Construction › Construction·NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250NIFTY MIDCAP 100+6
₹181.00
at close · 27 Oct 2026
▼ 1.65 (-0.90%)
ThemesRailways· core

Latest filings

  1. RVNL Executive Director (Highway) relieved; moves to NBCC as Director (Projects) · Management Changes
  2. RVNL signs MoU with DVC for rail infra at power plants and coal mines · Strategic Transactions
  3. RVNL appoints Deepak Mohanty as Independent Director · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Executes railway and infrastructure projects on an EPC basis, primarily as a Project Executing Agency for Indian Railways and other central-government entities. Railway work contributed 84% of FY26 revenue, with the order mix now diversifying into metro, telecom (BharatNet), rolling-stock manufacturing (Vande Bharat) and renewable energy. New orders announced in 2026 include a Rs 2,977 crore 10 MTPA Buffer Stockpile and Blending Yard at Vizag from NMDC, a Rs 967.93 crore bridge package on the 385 km Bhadrak-Vizianagaram section from East Coast Railway, and a Rs 358.97 crore doubling contract on the 41.04 km Sitamarhi-Raxaul stretch from East Central Railway. Materials and sub-contracted work absorb 94% of revenue, with employees at 1% and other opex at 1.3%. The order book stood at a record Rs 99,262 crore, with competitive-bidding projects now matching nomination work, executed by 964 employees across 23 national and 9 international offices.

Operating scale
Order book
Rs 99,262 crore (record)FY26
NMDC Vizag stockpile contract
10 MTPA capacity, Rs 2,977 croreFY26
Bhadrak-Vizianagaram bridge package
385 km section, Rs 967.93 croreFY26
Sitamarhi-Raxaul doubling
41.04 km, Rs 358.97 croreFY26
Workforce
964 employees across 23 national and 9 international officesFY26
Materials share of revenue
94%FY26
Who pays it
Indian Railways and central-government entities, including NMDC, East Central Railway, East Coast Railway and the Government of Goa
Biggest cost
Materials and subcontracted work (94% of revenue in FY26)
Kind of business
Order-driven, asset-light EPC railway and infrastructure contractor
Where it sits
Government-owned railway infrastructure PSU under the Ministry of Railways, executing projects primarily on a nomination basis with competitive bidding now making up half the order book
Market Cap
₹37,739 Cr
P / E (TTM)
42.0×
EV / EBITDA
26.6×
Div Yield
1.52%
Growth
5.8%▲
Revenue 5y CAGR
PAT -1.1% · EBITDA +5.3%
Quality
15.1%▲
ROCE (5y median)
ROE 18.0% (5y median) · margin 7.6%
Leverage
0.49·
Debt / Equity · low
Net debt ₹4,257 Cr
Revenue FY21→FY26
1.3×▲
Margin −1.7 pts
₹15,404 Cr → ₹20,412 Cr
Cash conversion
0.58×▼
Operating cash ÷ profit · 5 yrs
₹3,663 Cr on ₹6,330 Cr
Moves on a normal day
1.13%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#84/101
P/B#75/85
ROCE#62/107
ROE#47/87
Debt / Equity#54/87
EBITDA margin#67/88
Revenue growth#36/86
Profit growth#29/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Returns on capital 15.1% (5-year median)
#62 of 107 in Civil Construction on the latest reported figures
Pays out 66% of profit as dividend
Concerns
Profit shrinking over 5 years (−1% a year)
Over 5 years it reported ₹6,330 Cr of profit and ₹3,663 Cr of operating cash — 0.58×
Less than 60p of every ₹1 of profit arrived as cash
Customers are taking longer to pay — 23 → 96 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RAIL VIKAS NIGAM LIMITED's filed financials and exchange disclosures

What does RAIL VIKAS NIGAM LIMITED do?

RAIL VIKAS NIGAM LIMITED is a Construction company listed on NSE and BSE, trading under the symbol RVNL.

Is RAIL VIKAS NIGAM LIMITED profitable?

Yes. Over the trailing twelve months RAIL VIKAS NIGAM LIMITED reported a net profit of ₹896 Cr on revenue of ₹20,825 Cr.

Does RAIL VIKAS NIGAM LIMITED pay a dividend?

Yes. The dividend yield is 1.52% at the current price. It paid out 66% of its profit as dividend in FY26.

Is RAIL VIKAS NIGAM LIMITED debt-free?

No. It reported borrowings of ₹4,814 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹4,257 Cr after cash. Debt stands at 0.49× equity. That is higher than 63% of its 87 Civil Construction peers.

Is RAIL VIKAS NIGAM LIMITED expensive compared with its peers?

On trailing P/E, RAIL VIKAS NIGAM LIMITED ranks 84 of 101 in Civil Construction — cheaper than 17% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.

How much does the RAIL VIKAS NIGAM LIMITED share price move in a day?

On a typical session RAIL VIKAS NIGAM LIMITED moves 1.13% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RAIL VIKAS NIGAM LIMITED's announcements?

Every NSE and BSE filing by RAIL VIKAS NIGAM LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.