Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway. [1] [2]
- Market Cap ₹ 15,075 Cr.
- Current Price ₹ 72.3
- High / Low ₹ 84.2 / 29.0
- Stock P/E 11.2
- Book Value ₹ 33.7
- Dividend Yield 2.53 %
- ROCE 16.8 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.3%
- Company's working capital requirements have reduced from 92.3 days to 20.9 days
Cons
- Earnings include an other income of Rs.1,003 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 3,147 | 4,540 | 5,915 | 7,597 | 10,069 | 14,531 | 15,404 | 19,382 | 21,036 | |
| 3,001 | 4,323 | 5,688 | 7,215 | 9,538 | 13,757 | 14,524 | 18,199 | 19,712 | |
| Operating Profit | 146 | 217 | 228 | 382 | 531 | 773 | 880 | 1,183 | 1,324 |
| OPM % | 5% | 5% | 4% | 5% | 5% | 5% | 6% | 6% | 6% |
| 123 | 180 | 356 | 331 | 366 | 246 | 808 | 904 | 1,003 | |
| Interest | 15 | 23 | 35 | 45 | 52 | 41 | 458 | 564 | 579 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 20 | 23 | 21 | 22 |
| Profit before tax | 248 | 370 | 543 | 664 | 839 | 958 | 1,207 | 1,502 | 1,727 |
| Tax % | 16% | 19% | 18% | 14% | 18% | 21% | 18% | 21% | |
| Net Profit | 337 | 429 | 443 | 570 | 688 | 757 | 992 | 1,183 | 1,350 |
| EPS in Rs | 1.62 | 2.06 | 2.13 | 2.73 | 3.30 | 3.63 | 4.76 | 5.67 | 6.48 |
| Dividend Payout % | 11% | 9% | 58% | 29% | 27% | 31% | 33% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 24% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 20% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| 1 Year: | 106% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | |
| Reserves | 975 | 1,337 | 1,472 | 1,839 | 2,311 | 3,034 | 3,551 | 4,312 | 4,938 |
| 2,514 | 2,624 | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,361 | |
| 10,561 | 16,169 | 2,866 | 2,101 | 4,669 | 3,019 | 2,654 | 6,840 | 3,114 | |
| Total Liabilities | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 19,881 | 16,498 |
| 6 | 6 | 8 | 249 | 279 | 305 | 292 | 379 | 364 | |
| CWIP | 2 | 6 | 13 | 21 | 11 | 25 | 53 | 1 | 1 |
| Investments | 896 | 1,024 | 1,089 | 1,231 | 1,586 | 1,588 | 1,730 | 1,882 | 1,987 |
| 15,232 | 21,180 | 7,751 | 6,783 | 10,212 | 10,476 | 12,145 | 17,618 | 14,147 | |
| Total Assets | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 19,881 | 16,498 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| 113 | 652 | 571 | -363 | -695 | -962 | 419 | 4,800 | |
| -29 | 100 | -25 | 36 | 320 | 124 | 312 | -1,426 | |
| -152 | -182 | -668 | -581 | 319 | 827 | 416 | -187 | |
| Net Cash Flow | -68 | 570 | -123 | -908 | -56 | -11 | 1,148 | 3,187 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 |
| Working Capital Days | 1,412 | 1,274 | 21 | 70 | 99 | 122 | 135 | 21 |
| ROCE % | 7% | 9% | 12% | 13% | 12% | 16% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Notice of Board Meeting published by the Company in Newspapers (English and Hindi) on 03.02.2023. Copies of said advertisement are also available on the website …
- Board Meeting Intimation for Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December, 2022. 2d
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Feb - 'Rail Vikas Nigam Limited (RVNL) has received LOA for 'Provision of Automatic Block Signalling with Dual MSDAC, EI/OC Interface and Block Optimization in Nagari (NG) …
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Feb - Securities Exchange Board of India (LODR) Regulations, 2015, it is hereby informed that- 1. Shri Ajay Kumar (DIN: 08249293) has superannuated from the post Director …
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24 Jan - 'Rail Vikas Nigam Limited (RVNL) has received LOA for 'Provision of Automatic Block Signalling with Dual MSDAC, EI/OC Interface and Block Optimization in Arakkonam Junction …
Annual reports
Concalls
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Nov 2022Transcript PPT
Business Offerings
New lines: This includes augmenting the rail network by laying new railway lines to achieve a seamless bi-modal transportation network.
Doubling: It involves the provision of additional lines by way of doubling the existing routes to enable the Indian Railways to ease out traffic constraints.
Gauge conversion: This includes the conversion of meter gauge lines to broad gauge railway lines.
Railway electrification: The Company is engaged in the electrification of current un-electrified rail network and electrification on the new rail network.
Metropolitan transport projects: Company takes up projects to set up metro lines and suburban networks in metropolitan cities.
Workshops: This includes manufacturing facilities and workshops for repairing and manufacturing rolling stock.
Others: This includes the construction of traffic facilities, railway safety works, other electrification works, training works, surveys, construction of bridges including rail over bridges, etc. [1]