RVNL · Rail Vikas Nigam Ltd · Construction Services
RVNL · Rail Vikas Nigam Ltd · Construction Services
As of 06 Nov close
52-week range
51.7% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹4,321 Cr
Revenue YoY
PAT YoY
+18.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.2
P/S (TTM)
2.1
Sector P/E
10.8
Dividend yield
+0.8%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| RVNL (this stock) | 54.8 | 4.2 | +4.3% | +9.2% | 0.49 | +0.8% |
| DLF | 34.5 | 3.5 | +65.8% | +9.8% | 0.01 | +1.2% |
| Lodha Developers | 23.1 | 4.6 | +22.7% | +17.7% | 0.42 | +0.4% |
| Indus Towers | 14.4 | 2.4 | +21.8% | +17.3% | 0.52 | +3.6% |
Promoter
stable
FII
falling 2q
MF
0.36% (+0.18pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-05-29 | RVNL | 12780494 | 1 | STRONG | BULK |
News timeline
- loweconomictimes.indiatimes.com· 30 Oct 2026, 06:00 amStocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
- lowthehindubusinessline.com· 26 Oct 2026, 06:47 amStocks to watch October 26: Raymond, RailTel, KEC Intl, Honasa, BL Kashyap, Lupin, Orchid Pharma, Gland Pharma among 15 stocks to be in focus
- lowlivemint.com· 14 Oct 2026, 01:15 pmMutual funds' September 2026 portfolio moves: Top 5 stocks bought and sold across large-, mid- and small-cap segments
- loweconomictimes.indiatimes.com· 18 Sept 2026, 06:00 amStocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
- unknowneconomictimes.indiatimes.com· 12 Sept 2026, 05:42 pmRVNL achieves 41st tunnel breakthrough in Rishikesh-Karnprayag rail project
- unknowneconomictimes.indiatimes.com· 12 Sept 2026, 07:33 amRishikesh-Karnaprayag rail line achieves a big milestone: First tunnel breakthrough achieved at Dhalwala
- unknownbusiness-standard.com· 31 Aug 2026, 10:18 amAshoka Buildcon shares rally 13% on bagging ₹602-crore order from RVNL
- unknowneconomictimes.indiatimes.com· 29 Aug 2026, 09:21 amNearly half of BSE 200 stocks fail to deliver returns in 2026. What’s dragging them down?
- loweconomictimes.indiatimes.com· 11 Aug 2026, 05:53 pmRVNL Q1 Results: Net profit rises 18% YoY, EBITDA more than doubles
- lowbusiness-standard.com· 11 Aug 2026, 08:43 amQ1 results: Siemens, MRF, Zydus Lifesciences, RVNL, and 344 more on Aug 11
- lowthehindubusinessline.com· 01 Aug 2026, 08:37 pmTech Query: IDFC First Bank, Rail Vikas Nigam Limited (RVNL), Visaka Industries, Snowman Logistics – What is the outlook? Where are these stocks headed?
- lowthehindubusinessline.com· 01 Aug 2026, 02:52 pmManish Agarwal takes charge as General Manager of ICF
- mediumcorporate actionthehindubusinessline.com· 29 Jul 2026, 01:33 pmRVNL bags ₹359 crore railway doubling contract from East Central Railway
Concalls & investor presentations
AI-generatedKey takeaway: During the Q1 FY2026-27 earnings conference call, management reported that Rail Vikas Nigam Limited (RVNL) is experiencing strong growth in the Indian infrastructure sector, driven by government investment and modernization efforts. The company aims to secure work orders totaling around INR 20,000 crore for the year, with INR 5,000 crore already received in Q1. Management highlighted a robust order book of INR 93,492 crore, primarily from railways, and reported a 10.55% year-on-year increase in consolidated turnover. Profitability improved significantly, with standalone EBITDA rising by 110% year-on-year. Key projects mentioned include the BharatNet initiative and the Vande Bharat sleeper train project. Management emphasized a focus on operational efficiency and maintaining margin discipline while exploring new business opportunities in various sectors, including international markets. The company remains committed to disciplined execution and aims for a top-line growth of around 15%.
Management emphasized strong growth and operational momentum.
Sourced from an exchange-filed transcript, dated 18 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the Q4 FY26 earnings conference call, Rail Vikas Nigam Limited (RVNL) management reported a challenging year but emphasized their focus on operational performance and project execution. The company maintained a strong order book of INR 99,262 crore, with significant contributions from railways and other infrastructure sectors. Revenue for Q4 FY26 increased by 47.6% QoQ, although profitability faced pressure, with EBITDA declining by 16.88% QoQ. Management highlighted key projects, including the BharatNet initiative and the Rishikesh Karnaprayag Rail project, showcasing progress and future revenue potential. They also noted improvements in employee productivity and a commitment to enhancing execution capabilities through technology. The management expressed confidence in long-term growth prospects despite current margin pressures and cash flow challenges, particularly related to receivables from the Ministry of Railways. The call concluded with management open to questions from investors.
The management highlighted both strong revenue growth and ongoing challenges with profitability.
Sourced from an exchange-filed transcript, dated 02 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedRail Vikas Nigam Limited (RVNL) reported no material defaults in loan repayments or interest payments during FY2024-25, maintaining its 'Excellent' rating for corporate governance. The company faces a significant receivable of Rs.1355.72 crore from Krishnapatnam Railway Company Limited (KRCL), including Rs.889.95 crore in delayed interest, with the interest calculation method pending resolution. Management expects no material financial impact from pending confirmations of trade receivables and payables. The auditor emphasized revenue recognition and litigation provisions as key audit matters, with no material misstatements detected.
- No defaults in loan repayments or interest payments during FY2024-25.
- Significant receivable of Rs.1355.72 crore from KRCL, including Rs.889.95 crore in delayed interest.
- Pending resolution of interest calculation method change from compound to simple for KRCL.
- No material financial impact expected from pending confirmations of trade receivables and payables.
- Auditor highlighted revenue recognition and litigation provisions as key audit matters.
Key takeaway: RVNL maintained no defaults in repayments but faces a significant receivable from KRCL, with pending interest calculation adjustments, requiring close monitoring of liquidity and financial statement impacts.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceEarlier (1-3 years ago)
The auditor has issued a qualified opinion due to un-audited accounts of four subsidiaries, one associate, and thirteen joint venture entities, leading to no comments on these entities in the Auditor's Report.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company was non-compliant with the composition of the Board of Directors, including Board Level Committees as of 31st March, 2026, leading to a penalty imposed by stock exchanges. The company has requested a waiver for the penalty.
Earlier (1-3 years ago)
The company received notices from BSE and NSE imposing penalties for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015.
The company received a notice from Stock Exchanges imposing a penalty for non-compliance of Regulation 17(1) of SEBI (LODR) Regulations, 2015 regarding the appointment of requisite number of Independent Directors on the Board of the Company.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company is subject to multiple legal, arbitration, and tax cases with significant liabilities, and the outcome is uncertain, leading to potential contingent liabilities.
Earlier (1-3 years ago)
The company has a contingent liability related to a former employee's writ petition regarding pay scale differences and a disputed service tax liability of Rs. 213.59 Crores with a show cause notice from the Director General of Central Excise Intelligence.
RPG Life Sciences Limited is subject to multiple ongoing litigations, arbitration, and tax cases with significant liabilities, as disclosed in note no. 37 to the standalone financial statements.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The company has transactions with related Government Entities, including the Ministry of Railways and Government of India related entities, which involve significant control over the entity by shareholding.
Statutory dues in dispute
2 occurrencesEarlier (1-3 years ago)
The company has disputes over statutory dues under the Income Tax Act, Service Tax, and Goods & Services Tax, with amounts in dispute and pending in forums such as CIT (A), CESTAT, and various tax commissions.
The company has outstanding statutory dues under the Income Tax Act and Finance Act, with disputes pending before the CIT (A), A.O., ITAT, and CESTAT, New Delhi, for specific financial years.
Management & Board Governance
3 occurrencesRecent (last 12 months)
The Board of Directors of Rail Vikas Nigam Limited (RVNL) was not in conformity with the provisions of the Companies Act, 2013, SEBI LODR Regulations, and DPE Guidelines on Corporate Governance due to the absence of the requisite number of Independent Directors, including a Woman Independent Director.
Earlier (1-3 years ago)
The composition of the Board of Directors was not in conformity with the provisions of the Companies Act, 2013.
The Board composition of Rail Vikas Nigam Limited (RVNL) was not in conformity with the Companies Act, 2013, SEBI LODR Regulations, and DPE Guidelines on Corporate Governance due to the absence of the requisite number of Independent Directors, including a Woman Independent Director.