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Last Updated on: 19 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 542649 | NSE: RVNL

Rail Vikas Nigam Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 9:20 pm

Market Cap 95,379 Cr.
Current Price 457
High / Low 647/166
Stock P/E70.8
Book Value 42.2
Dividend Yield0.46 %
ROCE18.4 %
ROE19.7 %
Face Value 10.0
PEG Ratio8.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Rail Vikas Nigam Ltd

Competitors of Rail Vikas Nigam Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 27.4 Cr. 55.0 78.1/15.68.50 70.70.00 %%% 10.0
HB Estate Developers Ltd 208 Cr. 107 125/42.427.9 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,027 Cr. 52.1 63.9/28.412.2 19.50.58 %%% 1.00
Gyan Developers & Builders Ltd 9.30 Cr. 31.0 33.8/7.07 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 57.2 Cr. 120 163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average16,771.00 Cr312.8448.08132.020.14%23.48%27.83%21.38

All Competitor Stocks of Rail Vikas Nigam Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales3,8694,0265,0496,4384,6414,9095,0125,7205,5724,9144,6896,7144,074
Expenses3,6413,7994,7306,0294,3604,5934,7365,3455,2224,6164,4406,2583,892
Operating Profit228227319408281316276374349298249456182
OPM %6%6%6%6%6%6%6%7%6%6%5%7%4%
Other Income211112222225256301325274289320358323264
Interest1346144146157131147146146133139150137
Depreciation5547656666547
Profit before tax300329393480373481448496487480463625302
Tax %23%15%25%21%20%21%15%28%30%18%22%23%26%
Net Profit232279293378298381382359343394359478224
EPS in Rs1.111.341.411.811.431.831.831.721.641.891.722.301.07

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3,1474,5405,9157,59710,06914,53115,40419,38220,28221,88920,391
Expenses3,0014,3235,6887,2159,53813,75714,52418,19919,03520,53619,206
Operating Profit1462172283825317738801,1831,2471,3531,185
OPM %5%5%4%5%5%5%6%6%6%6%6%
Other Income1231803563313662468088311,1551,2911,266
Interest152335455241458564581568560
Depreciation55556202321222122
Profit before tax2483705436648399581,2071,4301,7982,0541,869
Tax %16%19%18%14%18%21%18%22%21%23%
Net Profit3374294435706887579921,1101,4211,5741,455
EPS in Rs1.622.062.132.733.303.634.765.326.817.556.98
Dividend Payout %11%9%58%29%27%31%33%34%31%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)27.30%3.26%28.67%20.70%10.03%31.04%11.90%28.02%10.77%
Change in YoY Net Profit Growth (%)0.00%-24.04%25.40%-7.97%-10.67%21.01%-19.15%16.12%-17.25%

Rail Vikas Nigam Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:12%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:18%
3 Years:17%
TTM:-9%
Stock Price CAGR
10 Years:%
5 Years:81%
3 Years:138%
1 Year:161%
Return on Equity
10 Years:%
5 Years:19%
3 Years:19%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:48 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2,0852,0852,0852,0852,0852,0852,0852,0852,0852,0852,085
Reserves9751,3371,4721,8392,3113,0343,5514,2405,1616,6616,707
Borrowings2,5142,6242,4372,2593,0244,2575,9316,6436,4416,0335,442
Other Liabilities10,56116,1692,8662,1014,6693,0192,6547,0974,6564,8346,176
Total Liabilities16,13522,2168,8608,28412,08912,39514,22120,06618,34419,61220,410
Fixed Assets668249279305292380355367441
CWIP26132111255311941
Investments8961,0241,0891,2311,5861,5881,7301,8101,9042,4052,443
Other Assets15,23221,1807,7516,78310,21210,47612,14517,87516,08416,74617,524
Total Assets16,13522,2168,8608,28412,08912,39514,22120,06618,34419,61220,410

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +113652571-363-695-9624194,793-4,0642,954
Cash from Investing Activity +-29100-2536320124312-1,4311,355-1,400
Cash from Financing Activity +-152-182-668-581319827416-189-1,048-1,287
Net Cash Flow-68570-123-908-56-111,1483,173-3,757267

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow144.00215.00226.00380.00528.00769.00875.00-5.00-5.00-5.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days22393034232123181718
Inventory Days
Days Payable
Cash Conversion Cycle22393034232123181718
Working Capital Days1,4121,274217099122135215742
ROCE %7%9%12%13%12%16%16%17%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters78.20%78.20%78.20%78.20%78.20%78.20%78.20%78.20%72.84%72.84%72.84%72.84%
FIIs0.26%0.86%0.84%0.95%1.76%2.45%1.53%1.75%2.32%2.59%2.32%3.13%
DIIs9.10%8.62%8.33%8.29%7.43%6.45%6.51%5.75%5.83%6.08%6.18%6.77%
Public12.44%12.32%12.63%12.56%12.61%12.92%13.76%14.30%19.01%18.50%18.66%17.25%
No. of Shareholders4,37,0745,31,1745,63,5235,79,8995,66,8806,60,4357,20,3238,86,92213,41,09813,97,69918,44,55120,74,709

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bank of India Flexi Cap Fund800,0002.2733.33295,5552024-12-18170.68%
Motilal Oswal Nifty Midcap 150 Index Fund307,6550.7312.82295,5552024-12-184.09%
Nippon India ETF Nifty Midcap 150295,5550.7312.31295,5552024-12-180%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund255,7352.3210.65295,5552024-12-18-13.47%
Nippon India Nifty Midcap 150 Index Fund249,5790.7310.4295,5552024-12-18-15.56%
Tata Nifty Midcap 150 Momentum 50 Index Fund227,1342.339.46295,5552024-12-18-23.15%
Bank of India Manufacturing & Infrastructure Fund194,03128.08295,5552024-12-18-34.35%
Mirae Asset Nifty Midcap 150 ETF128,9730.735.37295,5552024-12-18-56.36%
Kotak Nifty Alpha 50 ETF107,4322.294.48295,5552024-12-18-63.65%
Motilal Oswal Nifty Midcap 100 ETF104,3940.924.35295,5552024-12-18-64.68%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.556.815.674.423.61
Diluted EPS (Rs.)7.556.815.674.423.61
Cash EPS (Rs.)7.656.165.284.543.79
Book Value[Excl.RevalReserv]/Share (Rs.)41.9535.1330.6826.7024.54
Book Value[Incl.RevalReserv]/Share (Rs.)41.9535.1330.6826.7024.54
Revenue From Operations / Share (Rs.)104.9897.2792.9673.8869.69
PBDIT / Share (Rs.)12.1710.769.515.704.95
PBIT / Share (Rs.)12.0710.659.415.594.85
PBT / Share (Rs.)9.857.866.715.464.66
Net Profit / Share (Rs.)7.556.055.174.433.69
NP After MI And SOA / Share (Rs.)7.556.815.674.423.61
PBDIT Margin (%)11.5911.0610.237.727.10
PBIT Margin (%)11.5010.9510.127.576.96
PBT Margin (%)9.388.087.217.386.68
Net Profit Margin (%)7.196.225.565.995.29
NP After MI And SOA Margin (%)7.197.006.105.985.18
Return on Networth / Equity (%)18.0019.3918.4816.5614.72
Return on Capital Employeed (%)16.7415.8815.0510.0110.43
Return On Assets (%)8.027.715.946.516.07
Long Term Debt / Equity (X)0.630.820.981.020.83
Total Debt / Equity (X)0.680.871.031.020.83
Asset Turnover Ratio (%)1.151.061.141.191.22
Current Ratio (X)2.132.042.123.983.16
Quick Ratio (X)2.112.022.113.973.15
Dividend Payout Ratio (NP) (%)0.0025.9735.6125.762.56
Dividend Payout Ratio (CP) (%)0.0025.5734.9925.142.50
Earning Retention Ratio (%)0.0074.0364.3974.2497.44
Cash Earning Retention Ratio (%)0.0074.4365.0174.8697.50
Interest Coverage Ratio (X)4.473.863.5242.0625.18
Interest Coverage Ratio (Post Tax) (X)3.583.172.9133.6419.78
Enterprise Value (Cr.)55615.8718857.806589.909691.955963.05
EV / Net Operating Revenue (X)2.540.920.340.620.41
EV / EBITDA (X)21.918.413.328.155.78
MarketCap / Net Operating Revenue (X)2.410.700.350.390.18
Retention Ratios (%)0.0074.0264.3874.2397.43
Price / BV (X)6.031.951.071.090.52
Price / Net Operating Revenue (X)2.410.700.350.390.18
EarningsYield0.020.090.170.150.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Rail Vikas Nigam Ltd as of December 19, 2024 is: 591.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 19, 2024, Rail Vikas Nigam Ltd is Undervalued by 29.39% compared to the current share price 457.00

Intrinsic Value of Rail Vikas Nigam Ltd as of December 19, 2024 is: 638.35

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 19, 2024, Rail Vikas Nigam Ltd is Undervalued by 39.68% compared to the current share price 457.00

Last 5 Year EPS CAGR: 7.96%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (12.55 cr) and profit (329.82 cr) over the years.
  1. The stock has a low average ROCE of 12.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 56.90, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 24.50, which may not be favorable.
  4. The company has higher borrowings (4,327.73) compared to reserves (3,389.82), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Rail Vikas Nigam Ltd:
    1. Net Profit Margin: 7.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.74% (Industry Average ROCE: 23.48%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18% (Industry Average ROE: 27.83%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.58
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.11
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 70.8 (Industry average Stock P/E: 48.08)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.68
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Rail Vikas Nigam Ltd. is a Public Limited Listed company incorporated on 24/01/2003 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74999DL2003GOI118633 and registration number is 118633. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 19381.71 Cr. and Equity Capital is Rs. 2085.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering1st Floor, August Kranti Bhawan, New Delhi Delhi 110066info@rvnl.org
http://www.rvnl.org
Management
NamePosition Held
Mr. Pradeep GaurChairman & Managing Director
Mr. Sanjeeb KumarDirector - Finance & CFO
Mr. Vinay SinghDirector - Projects
Mr. Rajesh PrasadDirector - Operations
Mr. Anupam BanDirector - Personnel
Dr. M V NatesanIndependent Director
Mr. Anupam MallikIndependent Director
Mr. Dhananjaya SinghGovernment Nominee Director
Mr. Naresh Chandra KarmaliGovernment Nominee Director
Mr. Vivek Kumar GuptaGovernment Nominee Director

FAQ

What is the latest intrinsic value of Rail Vikas Nigam Ltd?

The latest intrinsic value of Rail Vikas Nigam Ltd as on 19 December 2024 is ₹591.30, which is 29.39% higher than the current market price of ₹457.00. The stock has a market capitalization of 95,379 Cr. and recorded a high/low of 647/166 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹6,707 Cr and total liabilities of ₹20,410 Cr.

What is the Market Cap of Rail Vikas Nigam Ltd?

The Market Cap of Rail Vikas Nigam Ltd is 95,379 Cr..

What is the current Stock Price of Rail Vikas Nigam Ltd as on 19 December 2024?

The current stock price of Rail Vikas Nigam Ltd as on 19 December 2024 is 457.

What is the High / Low of Rail Vikas Nigam Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Rail Vikas Nigam Ltd stocks is 647/166.

What is the Stock P/E of Rail Vikas Nigam Ltd?

The Stock P/E of Rail Vikas Nigam Ltd is 70.8.

What is the Book Value of Rail Vikas Nigam Ltd?

The Book Value of Rail Vikas Nigam Ltd is 42.2.

What is the Dividend Yield of Rail Vikas Nigam Ltd?

The Dividend Yield of Rail Vikas Nigam Ltd is 0.46 %.

What is the ROCE of Rail Vikas Nigam Ltd?

The ROCE of Rail Vikas Nigam Ltd is 18.4 %.

What is the ROE of Rail Vikas Nigam Ltd?

The ROE of Rail Vikas Nigam Ltd is 19.7 %.

What is the Face Value of Rail Vikas Nigam Ltd?

The Face Value of Rail Vikas Nigam Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rail Vikas Nigam Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE