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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rail Vikas Nigam Ltd

About the Company - Rail Vikas Nigam Ltd

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 & Contracting1st 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. Anil Kumar KhandelwalGovernment Nominee Director

Rail Vikas Nigam Ltd. Share Price Update

Share PriceValue
Today₹259.20
Previous Day₹281.70

Basic Stock Data of Rail Vikas Nigam Ltd

Market Cap 55,462 Cr.
Current Price 266
High / Low346/56.0
Stock P/E38.1
Book Value 37.9
Dividend Yield0.79 %
ROCE17.8 %
ROE20.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Rail Vikas Nigam Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SS Infrastructure Development Consultants Ltd (SSINFRA) 6.80 Cr. 4.808.10/4.60 32.40.00 %2.48 %9.56 % 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 552 Cr. 113121/16.835.4 69.30.00 %2.51 %0.11 % 2.00
Univastu India Ltd 162 Cr. 143152/76.535.2 41.80.00 %19.3 %15.8 % 10.0
Ansal Properties & Infrastructure Ltd 183 Cr. 11.615.0/8.00 12.00.00 %80.0 %% 5.00
RKEC Projects Ltd 268 Cr. 112120/48.518.5 67.90.00 %18.9 %11.9 % 10.0
Industry Average234.36 Cr76.8817.8244.680%24.64%7.47%7.4

Rail Vikas Nigam Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,7325,5783,8694,0265,0496,4384,6414,9095,0125,7205,5724,9144,689
Expenses3,5135,2243,6413,7994,7306,0294,3604,5934,7365,3455,2224,6164,440
Operating Profit220354228227319408281316276374349298249
OPM %6%6%6%6%6%6%6%6%6%7%6%6%5%
Other Income133421211112222225256301325274289320358
Interest63191346144146157131147146146133139
Depreciation4555476566665
Profit before tax342451300329393480373481448496487480463
Tax %18%15%23%15%25%21%20%21%15%28%30%18%22%
Net Profit281382232279293378298381382359343394359
EPS in Rs1.351.831.111.341.411.811.431.831.831.721.651.891.72

Rail Vikas Nigam Ltd Quarterly Chart

Rail Vikas Nigam Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,1474,5405,9157,59710,06914,53115,40419,38220,28221,218
Expenses3,0014,3235,6887,2159,53813,75714,52418,19919,03519,920
Operating Profit1462172283825317738801,1831,2471,297
OPM %5%5%4%5%5%5%6%6%6%6%
Other Income1231803563313662468088311,1551,208
Interest152335455241458564581572
Depreciation555562023212223
Profit before tax2483705436648399581,2071,4301,7981,910
Tax %16%19%18%14%18%21%18%22%21%
Net Profit3374294435706887579921,1101,4211,479
EPS in Rs1.622.062.132.733.303.634.765.326.817.09
Dividend Payout %11%9%58%29%27%31%33%34%31%

Rail Vikas Nigam Ltd Profit & Loss Yearly Chart

Adhbhut Infrastructure Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:12%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:23%
TTM:1%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:106%
1 Year:311%
Return on Equity
10 Years:%
5 Years:18%
3 Years:19%
Last Year:21%

Rail Vikas Nigam Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2,0852,0852,0852,0852,0852,0852,0852,0852,0852,085
Reserves9751,3371,4721,8392,3113,0343,5514,2405,2405,823
Borrowings2,5142,6242,4372,2593,0244,2575,9316,6436,4415,981
Other Liabilities10,56116,1692,8662,1014,6693,0192,6547,0974,6567,043
Total Liabilities16,13522,2168,8608,28412,08912,39514,22120,06618,42220,932
Fixed Assets668249279305292380355338
CWIP261321112553111
Investments8961,0241,0891,2311,5861,5881,7301,8101,9822,073
Other Assets15,23221,1807,7516,78310,21210,47612,14517,87516,08418,520
Total Assets16,13522,2168,8608,28412,08912,39514,22120,06618,42220,932

Rail Vikas Nigam Ltd Reserves and Borrowings Chart

Rail Vikas Nigam Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 113652571-363-695-9624194,793-4,076
Cash from Investing Activity -29100-2536320124312-1,4311,355
Cash from Financing Activity -152-182-668-581319827416-189-1,036
Net Cash Flow-68570-123-908-56-111,1483,173-3,757

Rail Vikas Nigam Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days223930342321231817
Inventory Days
Days Payable
Cash Conversion Cycle223930342321231817
Working Capital Days1,4121,2742170991221352157
ROCE %7%9%12%13%12%16%16%18%

Rail Vikas Nigam Ltd Financial Efficiency Indicators Chart

Rail Vikas Nigam Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters87.84%78.21%78.20%78.20%78.20%78.20%78.20%78.20%78.20%78.20%78.20%72.84%
FIIs0.31%0.42%0.25%0.26%0.86%0.84%0.95%1.76%2.45%1.53%1.75%2.32%
DIIs1.12%9.43%9.26%9.10%8.62%8.33%8.29%7.43%6.45%6.51%5.75%5.83%
Public10.73%11.94%12.29%12.44%12.32%12.63%12.56%12.61%12.92%13.76%14.30%19.01%
No. of Shareholders2,88,9903,66,3544,00,8664,37,0745,31,1745,63,5235,79,8995,66,8806,60,4357,20,3238,86,92213,41,098

Rail Vikas Nigam Ltd Shareholding Pattern Chart

No. of Rail Vikas Nigam Ltd Shareholders

Rail Vikas Nigam Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Bank of India Flexi Cap Fund6400002.1410.51
Bank of India Multi Cap Fund3174571.515.21
ITI Mid Cap Fund3080190.875.06
Motilal Oswal Nifty Midcap 150 Index Fund2697980.394.43
Nippon India ETF Nifty Midcap 1502389120.393.92
Bank of India Large & Mid Cap Equity Fund2338471.533.84
Bank of India Large & Mid Cap Equity Fund - Eco Plan2338471.533.84
Nippon India Nifty Midcap 150 Index Fund2250450.393.7
Bank of India Manufacturing & Infrastructure Fund1624301.622.67
Mirae Asset Nifty Midcap 150 ETF1334430.392.19

Rail Vikas Nigam Ltd ROCE Trend

Rail Vikas Nigam Ltd EPS Trend

Rail Vikas Nigam Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.815.674.423.613.38
Diluted EPS (Rs.)6.815.674.423.613.38
Cash EPS (Rs.)6.165.284.543.792.85
Book Value[Excl.RevalReserv]/Share (Rs.)35.1330.6826.7024.5421.08
Book Value[Incl.RevalReserv]/Share (Rs.)35.1330.6826.7024.5421.08
Revenue From Operations / Share (Rs.)97.2792.9673.8869.6948.29
PBDIT / Share (Rs.)10.769.515.704.953.77
PBIT / Share (Rs.)10.659.415.594.853.74
PBT / Share (Rs.)7.866.715.464.663.55
Net Profit / Share (Rs.)6.055.174.433.692.83
NP After MI And SOA / Share (Rs.)6.815.674.423.613.30
PBDIT Margin (%)11.0610.237.727.107.80
PBIT Margin (%)10.9510.127.576.967.75
PBT Margin (%)8.087.217.386.687.35
Net Profit Margin (%)6.225.565.995.295.85
NP After MI And SOA Margin (%)7.006.105.985.186.83
Return on Networth / Equity (%)19.3918.4816.5614.7215.64
Return on Capital Employeed (%)15.8815.0510.0110.4310.15
Return On Assets (%)7.715.946.516.075.70
Long Term Debt / Equity (X)0.820.981.020.830.68
Total Debt / Equity (X)0.871.031.020.830.68
Asset Turnover Ratio (%)1.061.141.191.221.02
Current Ratio (X)2.042.123.983.161.85
Quick Ratio (X)2.022.113.973.151.85
Dividend Payout Ratio (NP) (%)25.9735.6125.762.5626.26
Dividend Payout Ratio (CP) (%)25.5734.9925.142.5026.04
Earning Retention Ratio (%)74.0364.3974.2497.4473.74
Cash Earning Retention Ratio (%)74.4365.0174.8697.5073.96
Interest Coverage Ratio (X)3.863.5242.0625.1815.12
Interest Coverage Ratio (Post Tax) (X)3.172.9133.6419.7812.09
Enterprise Value (Cr.)18857.806589.909691.955963.050.00
EV / Net Operating Revenue (X)0.920.340.620.410.00
EV / EBITDA (X)8.413.328.155.780.00
MarketCap / Net Operating Revenue (X)0.700.350.390.180.00
Retention Ratios (%)74.0264.3874.2397.4373.73
Price / BV (X)1.951.071.090.520.00
Price / Net Operating Revenue (X)0.700.350.390.180.00
EarningsYield0.090.170.150.280.00

Rail Vikas Nigam Ltd Profitability Ratios (%)

Rail Vikas Nigam Ltd Liquidity Ratios

Rail Vikas Nigam Ltd Liquidity Ratios (%)

Rail Vikas Nigam Ltd Interest Coverage Ratios (X)

Rail Vikas Nigam Ltd Valuation Ratios

Fair Value / Intrinsic Value of Rail Vikas Nigam Ltd

Fair Value: ₹302.72

The stock is undervalued by 13.81% compared to the current price ₹266

*Investments are subject to market risks

Strength and Weakness of Rail Vikas Nigam Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (11.80 cr) and profit (362.60 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.85 and average Dividend Yield of 8.67%.
  2. The stock has a low average ROCE of 11.44%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 58.56, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 25.22, which may not be favorable.
  5. The company has higher borrowings (4,211.10) compared to reserves (2,982.20), which may suggest financial risk.

Should I Buy Rail Vikas Nigam Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Rail Vikas Nigam Ltd:
    1. Net Profit Margin: 6.22%
      • 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: 15.88% (Industry Average ROCE: 8.1%)
      • 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. Interest Coverage Ratio (Post Tax): 3.17
      • 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.
    4. Quick Ratio: 2.02
      • 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.
    5. ✗ Stock P/E: 37.5 (Industry average Stock P/E: 15.7)
      • 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.
    6. ✓ Total Debt / Equity: 0.87
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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