Rail Vikas Nigam Ltd. (RVNL) AI Stock Analysis

• Market Cap: ₹573.59B
• Dividend Yield: 0.5%
• Average Volume (3M): 487.78K
• Price to Earnings (P/E): 57.6
• Beta (1Y): 2.17
• Revenue Growth: -1.51%
• EPS Growth: -15.77%
• Country: IN
• Employees: 186
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 1.60
• Shares Outstanding: 2,085,020,300
• 10 Day Avg. Volume: 313,495
• 30 Day Avg. Volume: 487,777
• PEG Ratio: -3.29
• Price to Book (P/B): 7.63
• Price to Sales (P/S): 3.66
• P/FCF Ratio: 50.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 7.1
• Revenue Forecast (FY): ₹234.85B

• Rating: 60 Neutral
• Price Target: ₹280.00 ▼(-27.83% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 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

Strong profitability and margins

RVNL has maintained strong gross and net margins and robust EBIT/EBITDA profiles even amid a 2025 revenue dip. Durable margins support internal funding for project execution, help absorb timing shocks on project receipts, and sustain long‑run earnings power across project cycles.

Negative Factors

Volatile operating and free cash flow

RVNL's operating cash flow has shown high variability, driven by milestone timing and retention mechanics typical in EPC contracts. Persistent cash volatility complicates working capital, increases reliance on short-term financing or advances, and weakens the predictability of funds for new projects.

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...

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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 primarily makes money by executing infrastructure projects and earning contract revenue tied to construction/procurement activities and project milestones. Its main revenue stream is receipts from EPC and related project execution contracts a...

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RVNL primarily makes money by executing infrastructure projects and earning contract revenue tied to construction/procurement activities and project milestones. Its main revenue stream is receipts from EPC and related project execution contracts a...

Rail Vikas Nigam Ltd. Financial Statement Overview

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

• Technical Analysis Sentiment: Neutral
• Last Price: 387.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RVNL, the sentiment is Neutral. The current price of 387.95 is above the 20-day moving average (MA) of 266.89, above the 50-day MA of 295.89, and above the 200-day MA of 330.68, indicating a neutral trend. The MACD of -9.31 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 64.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RVNL.

Rail Vikas Nigam Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASHOKA	73 Outperform	₹34.21B	0.56	―	―	-17.28%	43.34%
IRB	68 Neutral	₹253.03B	30.12	―	0.56%	-1.42%	968.58%
JKIL	67 Neutral	₹35.94B	13.34	―	0.67%	13.96%	12.91%
AHLUCONT	62 Neutral	₹51.72B	30.38	―	0.06%	5.56%	-22.59%
RVNL	60 Neutral	₹573.59B	57.62	―	0.50%	-1.51%	-15.77%
GRINFRA	60 Neutral	₹81.16B	9.32	―	1.20%	-6.01%	-3.81%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Rail Vikas Nigam Ltd. Corporate Events