Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:33 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542649 | NSE: RVNL

Rail Vikas Nigam Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹246.79Fairly Valued by 6.16%vs CMP ₹263.00

P/E (47.8) × ROE (14.0%) × BV (₹45.80) × DY (0.65%)

₹92.74Overvalued by 64.74%vs CMP ₹263.00
MoS: -183.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹248.4422%Fair (-5.5%)
Graham NumberEarnings₹75.2816%Over (-71.4%)
Earnings PowerEarnings₹30.7913%Over (-88.3%)
DCFCash Flow₹38.3713%Over (-85.4%)
Net Asset ValueAssets₹45.917%Over (-82.5%)
EV/EBITDAEnterprise₹31.609%Over (-88%)
Earnings YieldEarnings₹55.007%Over (-79.1%)
ROCE CapitalReturns₹58.257%Over (-77.9%)
Revenue MultipleRevenue₹47.855%Over (-81.8%)
Consensus (9 models)₹92.74100%Overvalued
Key Drivers: Wide model spread (₹31–₹248) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.7%

*Investments are subject to market risks

Investment Snapshot

51
Rail Vikas Nigam Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 14.7% GoodROE 14.0% GoodD/E 1.02 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 6% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -12% YoY Declining
Industry Rank45/100 · Moderate
P/E 47.8 vs industry 36.6 In-lineROCE 14.7% vs industry 16.4% Average3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:33 am

Market Cap 54,755 Cr.
Current Price 263
Intrinsic Value₹92.74
High / Low 448/248
Stock P/E47.8
Book Value 45.8
Dividend Yield0.65 %
ROCE14.7 %
ROE14.0 %
Face Value 10.0
PEG Ratio71.59

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

View Share Price Target for Rail Vikas Nigam Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Rail Vikas Nigam Ltd 54,755 Cr. 263 448/24847.8 45.80.65 %14.7 %14.0 % 10.0
NBCC (India) Ltd 22,353 Cr. 82.8 131/75.035.5 9.340.81 %32.1 %24.1 % 1.00
ITD Cementation India Ltd 13,472 Cr. 784 944/46832.9 1070.25 %27.6 %21.8 % 1.00
NCC Ltd 8,701 Cr. 139 242/13011.7 1201.59 %21.7 %11.4 % 2.00
Welspun Enterprises Ltd 6,075 Cr. 439 581/39118.1 1940.68 %18.2 %13.3 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Rail Vikas Nigam Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5,0125,7205,5724,9144,6896,7144,0744,8554,5676,4273,9095,1234,684
Expenses 4,7365,3455,2224,6164,4406,2583,8924,5994,3285,9943,8564,9064,464
Operating Profit 27637434929824945618225623943353217221
OPM % 6%7%6%6%5%7%4%5%5%7%1%4%5%
Other Income 325274289320358323264281326239238234308
Interest 147146146133139150137141145117108100105
Depreciation 6666547779999
Profit before tax 448496487480463625302389413546173342415
Tax % 15%28%30%18%22%23%26%26%25%16%23%33%22%
Net Profit 382359343394359478224287312459134231324
EPS in Rs 1.831.721.641.891.722.301.071.381.492.200.651.101.55

Last Updated: March 3, 2026, 3:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:16 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,1474,5405,9157,59710,06914,53115,40419,38220,28221,87919,92320,143
Expenses 3,0014,3235,6887,2159,53813,75714,52418,19919,03520,52518,79819,220
Operating Profit 1462172283825317738801,1831,2461,3541,125923
OPM % 5%5%4%5%5%5%6%6%6%6%6%5%
Other Income 1231803563313662468088311,0771,2661,0951,019
Interest 152335455241458564581568540430
Depreciation 5555620232122213136
Profit before tax 2483705436648399581,2071,4301,7192,0301,6501,477
Tax % 16%19%18%14%18%21%18%22%22%24%22%
Net Profit 3374294435706887579921,1101,3421,5511,2821,148
EPS in Rs 1.622.062.132.733.303.634.765.326.447.446.155.50
Dividend Payout % 11%9%58%29%27%31%33%34%33%28%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.30%3.26%28.67%20.70%10.03%31.04%11.90%20.90%15.57%-17.34%
Change in YoY Net Profit Growth (%)0.00%-24.04%25.40%-7.97%-10.67%21.01%-19.15%9.01%-5.33%-32.92%

Rail Vikas Nigam Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:7%
3 Years:1%
TTM:-3%
Compounded Profit Growth
10 Years:14%
5 Years:11%
3 Years:5%
TTM:-18%
Stock Price CAGR
10 Years:%
5 Years:73%
3 Years:115%
1 Year:-44%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:17%
Last Year:14%

Last Updated: September 5, 2025, 12:50 pm

Balance Sheet

Last Updated: December 10, 2025, 3:18 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2,0852,0852,0852,0852,0852,0852,0852,0852,0852,0852,0852,085
Reserves 9751,3371,4721,8392,3113,0343,5514,2405,1616,6377,4867,473
Borrowings 2,5142,6242,4372,2593,0244,2575,9316,6436,4416,0335,4194,981
Other Liabilities 10,56116,1692,8662,1014,6693,0192,6547,0974,6564,8225,4925,212
Total Liabilities 16,13522,2168,8608,28412,08912,39514,22120,06618,34419,57720,48219,751
Fixed Assets 6682492793052923803553671,0271,003
CWIP 261321112553119405
Investments 8961,0241,0891,2311,5861,5881,7301,8101,9042,3812,5592,640
Other Assets 15,23221,1807,7516,78310,21210,47612,14517,87516,08416,73516,89516,103
Total Assets 16,13522,2168,8608,28412,08912,39514,22120,06618,34419,57720,48219,751

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 113652571-363-695-9624194,793-4,0642,9561,878
Cash from Investing Activity + -29100-2536320124312-1,4311,355-1,4021,629
Cash from Financing Activity + -152-182-668-581319827416-189-1,048-1,287-1,484
Net Cash Flow -68570-123-908-56-111,1483,173-3,7572672,023
Free Cash Flow 104634385-454-721-9832774,678-4,1252,6301,447
CFO/OP 112%543%372%-66%-101%-105%65%430%-295%252%208%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow144.00215.00226.00380.00528.00769.00875.00-5.00-5.00-5.00-4.00

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 2024Mar 2025
Debtor Days 2239303423212318171827
Inventory Days
Days Payable
Cash Conversion Cycle 2239303423212318171827
Working Capital Days 2675021709912212915493439
ROCE %7%9%12%13%12%16%16%17%18%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 78.20%78.20%72.84%72.84%72.84%72.84%72.84%72.84%72.84%72.84%72.84%72.84%
FIIs 1.53%1.75%2.32%2.59%2.32%3.13%5.05%5.10%5.07%4.89%4.66%4.97%
DIIs 6.51%5.75%5.83%6.08%6.18%6.77%6.33%6.16%6.21%6.38%6.39%6.37%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public 13.76%14.30%19.01%18.50%18.66%17.25%15.78%15.89%15.87%15.89%16.08%15.79%
No. of Shareholders 7,20,3238,86,92213,41,09813,97,69918,44,55120,74,70922,96,18823,17,90323,71,56822,90,74522,79,94622,07,488

Shareholding Pattern Chart

No. of Shareholders

Rail Vikas Nigam Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 19,030 0.26 0.6518,5472026-02-23 08:06:082.6%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.157.556.815.674.42
Diluted EPS (Rs.) 6.157.556.815.674.42
Cash EPS (Rs.) 5.847.656.165.284.54
Book Value[Excl.RevalReserv]/Share (Rs.) 45.9041.9535.1330.6826.70
Book Value[Incl.RevalReserv]/Share (Rs.) 45.9041.9535.1330.6826.70
Revenue From Operations / Share (Rs.) 95.55104.9897.2792.9673.88
PBDIT / Share (Rs.) 10.1912.1710.769.515.70
PBIT / Share (Rs.) 10.0412.0710.659.415.59
PBT / Share (Rs.) 7.469.857.866.715.46
Net Profit / Share (Rs.) 5.697.556.055.174.43
NP After MI And SOA / Share (Rs.) 6.147.556.815.674.42
PBDIT Margin (%) 10.6611.5911.0610.237.72
PBIT Margin (%) 10.5111.5010.9510.127.57
PBT Margin (%) 7.809.388.087.217.38
Net Profit Margin (%) 5.957.196.225.565.99
NP After MI And SOA Margin (%) 6.437.197.006.105.98
Return on Networth / Equity (%) 13.3818.0019.3918.4816.56
Return on Capital Employeed (%) 14.1216.7415.8815.0510.01
Return On Assets (%) 6.258.027.715.946.51
Long Term Debt / Equity (X) 0.510.630.820.981.02
Total Debt / Equity (X) 0.560.680.871.031.02
Asset Turnover Ratio (%) 0.991.151.061.141.19
Current Ratio (X) 2.062.132.042.123.98
Quick Ratio (X) 2.062.112.022.113.97
Inventory Turnover Ratio (X) 615.67354.050.000.000.00
Dividend Payout Ratio (NP) (%) 34.330.0025.9735.6125.76
Dividend Payout Ratio (CP) (%) 33.520.0025.5734.9925.14
Earning Retention Ratio (%) 65.670.0074.0364.3974.24
Cash Earning Retention Ratio (%) 66.480.0074.4365.0174.86
Interest Coverage Ratio (X) 3.944.473.863.5242.06
Interest Coverage Ratio (Post Tax) (X) 3.203.583.172.9133.64
Enterprise Value (Cr.) 74843.6655615.8718857.806589.909691.95
EV / Net Operating Revenue (X) 3.762.540.920.340.62
EV / EBITDA (X) 35.2221.918.413.328.15
MarketCap / Net Operating Revenue (X) 3.682.410.700.350.39
Retention Ratios (%) 65.660.0074.0264.3874.23
Price / BV (X) 7.666.031.951.071.09
Price / Net Operating Revenue (X) 3.682.410.700.350.39
EarningsYield 0.010.020.090.170.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Construction and maintenance of railways and rail-bridges. Company's Total Operating Revenue is Rs. 19869.35 Cr. and Equity Capital is Rs. 2085.02 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering1st Floor, August Kranti Bhawan, New Delhi Delhi 110066Contact not found
Management
NamePosition Held
Mr. Pradeep GaurChairman & Managing Director
Mr. Anupam BanDirector - Personnel
Mr. Abhishek KumarDirector - Finance
Mr. Mritunjay Pratap SInghDirector - Operations
Mr. Surender SinghIndependent Director
Mr. Prem Sagar GuptaGovernment Nominee Director
Mr. Naresh Chandra KarmaliGovernment Nominee Director

FAQ

What is the intrinsic value of Rail Vikas Nigam Ltd and is it undervalued?

As of 13 April 2026, Rail Vikas Nigam Ltd's intrinsic value is ₹92.74, which is 64.74% lower than the current market price of ₹263.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.0 %), book value (₹45.8), dividend yield (0.65 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rail Vikas Nigam Ltd?

Rail Vikas Nigam Ltd is trading at ₹263.00 as of 13 April 2026, with a FY2026-2027 high of ₹448 and low of ₹248. The stock is currently near its 52-week low. Market cap stands at ₹54,755 Cr..

How does Rail Vikas Nigam Ltd's P/E ratio compare to its industry?

Rail Vikas Nigam Ltd has a P/E ratio of 47.8, which is above the industry average of 36.56. The premium over industry average may reflect growth expectations or speculative interest.

Is Rail Vikas Nigam Ltd financially healthy?

Key indicators for Rail Vikas Nigam Ltd: ROCE of 14.7 % is moderate. Dividend yield is 0.65 %.

Is Rail Vikas Nigam Ltd profitable and how is the profit trend?

Rail Vikas Nigam Ltd reported a net profit of ₹1,282 Cr in Mar 2025 on revenue of ₹19,923 Cr. Compared to ₹1,110 Cr in Mar 2022, the net profit shows an improving trend.

Does Rail Vikas Nigam Ltd pay dividends?

Rail Vikas Nigam Ltd has a dividend yield of 0.65 % at the current price of ₹263.00. The company pays dividends, though the yield is modest.

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
Explore Industry-wise Stock Analysis Reports