Rail Vikas Nigam Ltd. (IN:RVNL)
:RVNL
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Rail Vikas Nigam Ltd.
(RVNL)
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Rating:60Neutral
Price Target:
₹313.00
▼(-19.32% Downside)
Action:Reiterated
Date:03/17/26
The score is supported primarily by solid underlying profitability and a reasonably balanced balance sheet, but is held back by volatile cash flow quality. Technicals are a major negative with a strong downtrend (price below all key moving averages) and weak momentum signals, while valuation is also a headwind due to the high P/E and only modest dividend yield.
Positive Factors
Profitability & margins
Consistently strong gross and net margins indicate the business captures sufficient project economics and controls costs. Durable margins support earnings power through project cycles, enabling reinvestment and creditor confidence even when topline timing slips.
Negative Factors
Volatile operating and free cash flow
Project milestone billing, retention, and large working-capital swings lead to uneven cash conversion. This variability can constrain capex, slow vendor payments, and force short-term financing at inopportune times, weakening sustained cash generation and operational resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & margins
Consistently strong gross and net margins indicate the business captures sufficient project economics and controls costs. Durable margins support earnings power through project cycles, enabling reinvestment and creditor confidence even when topline timing slips.
Read all positive factors
Rail Vikas Nigam Ltd. (RVNL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹562.23B
Dividend Yield0.5%
Average Volume (3M)487.78K
Price to Earnings (P/E)57.6
Beta (1Y)1.99
Revenue Growth-0.33%
EPS Growth-11.84%
CountryIN
Employees186
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.44
Shares Outstanding2,085,020,300
10 Day Avg. Volume313,495
30 Day Avg. Volume487,777
Financial Highlights & Ratios
PEG Ratio-3.29
Price to Book (P/B)7.63
Price to Sales (P/S)3.66
P/FCF Ratio50.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.1
Revenue Forecast (FY)₹234.85B
Rail Vikas Nigam Ltd. Business Overview & Revenue Model
Company Description
Rail Vikas Nigam Limited engages in the construction of rail infrastructure projects in India. It undertakes rail project development and implementation, as well as provides financial resources mobilization services. The company executes various r...
How the Company Makes Money
RVNL makes money mainly by executing infrastructure projects and earning contract revenue tied to construction and project execution. Its key revenue streams generally include: (1) EPC/Construction contract revenue: RVNL is awarded projects (commo...
Rail Vikas Nigam Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 200.26B | 199.23B | 218.79B | 202.82B | 193.82B | 154.04B |
| Gross Profit | 14.56B | 15.22B | 17.13B | 15.62B | 14.79B | 11.74B |
| EBITDA | 11.87B | 11.36B | 13.65B | 12.33B | 11.71B | 8.65B |
| Net Income | 11.35B | 12.81B | 15.51B | 13.42B | 11.10B | 9.92B |
Balance Sheet | ||||||
| Total Assets | 197.51B | 204.82B | 196.12B | 184.22B | 198.81B | 141.52B |
| Cash, Cash Equivalents and Short-Term Investments | 57.23B | 35.70B | 11.45B | 8.51B | 57.30B | 14.95B |
| Total Debt | 49.81B | 54.19B | 60.33B | 64.41B | 66.43B | 59.31B |
| Total Liabilities | 101.92B | 109.11B | 108.66B | 110.97B | 134.84B | 85.85B |
| Stockholders Equity | 95.58B | 95.71B | 87.46B | 72.46B | 63.25B | 55.67B |
Cash Flow | ||||||
| Free Cash Flow | -12.61B | 14.46B | 26.14B | -41.37B | 46.84B | 5.14B |
| Operating Cash Flow | -12.55B | 18.78B | 29.54B | -40.76B | 48.00B | 6.57B |
| Investing Cash Flow | 6.10B | 16.29B | -13.99B | 13.55B | -14.27B | 746.90M |
| Financing Cash Flow | -13.65B | -14.84B | -12.87B | -10.36B | -1.87B | 4.16B |
Rail Vikas Nigam Ltd. Technical Analysis
Negative
387.95
Price Trends
282.04
Negative
305.65
Negative
317.83
Negative
Market Momentum
-3.52
Positive
35.58
Neutral
9.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RVNL, the sentiment is Negative. The current price of 387.95 is above the 20-day moving average (MA) of 294.98, above the 50-day MA of 282.04, and above the 200-day MA of 317.83, indicating a bearish trend. The MACD of -3.52 indicates Positive momentum. The RSI at 35.58 is Neutral, neither overbought nor oversold. The STOCH value of 9.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RVNL.
Rail Vikas Nigam Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹5.38T | 29.97 | ― | 0.84% | 11.79% | 15.95% | |
65 Neutral | ₹98.24B | 28.60 | ― | 3.24% | 8.91% | 6.54% | |
63 Neutral | ₹132.66B | 41.51 | ― | 1.56% | -16.20% | -19.48% | |
60 Neutral | ₹562.23B | 57.62 | ― | 0.50% | -0.33% | -11.84% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹112.63B | 39.72 | ― | 0.65% | -4.78% | -50.23% | |
48 Neutral | ₹125.67B | 22.47 | ― | 0.74% | 7.59% | 4.98% |
* Services Sector Average
IN:RVNL
Rail Vikas Nigam Ltd.
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-139.02
-34.02%
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Rail Vikas Nigam Ltd. Corporate Events
RVNL Wins NMDC Contract to Build Residential Tower in Chhattisgarh
Feb 25, 2026
Rail Vikas Nigam Limited has disclosed that it received a Letter of Acceptance from National Mineral Development Corporation for the construction of a residential tower in Kirandul, Chhattisgarh. The project, which falls within RVNL’s normal...
RVNL Wins Rs 371.69 Crore Township Development Contract from NMDC
Feb 25, 2026
Rail Vikas Nigam Ltd. has received a Letter of Acceptance from National Mineral Development Corporation for the development of a township in Kirandul, Chhattisgarh. The project, valued at Rs. 371.69 crore and to be executed over 21 months, is a do...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.