Rail Vikas Nigam Ltd

About

Rail Vikas Nigam is engaged in a create vital rail infrastructure and provide vital port linkage including the corridors connecting the port of Hinterlands.

  • Market Cap 3,868 Cr.
  • Current Price 18.6
  • High / Low 29.3 / 10.0
  • Stock P/E 5.43
  • Book Value 24.5
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 15.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.76 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 29.05%

Cons

  • Contingent liabilities of Rs.44111.27 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.298.97 Cr.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
3,245 1,850 1,773 3,019 3,427 2,846 3,765 3,699 4,221 2,911
3,094 1,762 1,734 2,827 3,250 2,681 3,573 3,577 4,013 2,772
Operating Profit 151 88 39 192 177 165 192 122 208 139
OPM % 5% 5% 2% 6% 5% 6% 5% 3% 5% 5%
Other Income 101 121 85 151 80 85 62 74 107 56
Interest 20 11 9 9 22 17 9 7 8 8
Depreciation 2 1 1 1 2 4 4 4 8 8
Profit before tax 230 197 113 333 234 228 242 185 299 180
Tax % 19% 15% 24% 16% 18% 20% 9% 44% 17% 21%
Net Profit 236 168 86 280 191 182 220 103 247 141
EPS in Rs 1.13 0.81 0.41 1.34 0.92 0.87 1.06 0.50 1.19 0.68
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,147 4,540 5,915 7,597 10,069 14,531 14,596
3,001 4,322 5,633 7,215 9,538 13,761 13,934
Operating Profit 146 217 282 382 531 770 662
OPM % 5% 5% 5% 5% 5% 5% 5%
Other Income 123 180 302 331 384 246 299
Interest 15 23 35 45 52 41 32
Depreciation 5 5 5 5 6 20 24
Profit before tax 248 370 543 664 857 954 906
Tax % 16% 19% 18% 14% 18% 21%
Net Profit 337 429 443 570 705 753 712
EPS in Rs 1.62 2.06 2.13 2.73 3.38 3.61 3.43
Dividend Payout % 11% 9% 58% 29% 26% 32%
Compounded Sales Growth
10 Years:%
5 Years:36%
3 Years:35%
TTM:32%
Compounded Profit Growth
10 Years:%
5 Years:17%
3 Years:24%
TTM:-2%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-22%
Return on Equity
10 Years:%
5 Years:15%
3 Years:16%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2,085 2,085 2,085 2,085 2,085 2,085
Reserves 975 1,337 1,472 1,839 2,311 3,031
Borrowings 2,514 2,624 2,437 2,259 3,024 4,257
10,561 16,169 2,866 2,101 4,640 3,019
Total Liabilities 16,135 22,216 8,860 8,284 12,060 12,391
6 6 8 249 279 312
CWIP 2 6 13 21 11 18
Investments 896 1,024 1,089 1,231 1,586 1,585
15,232 21,180 7,751 6,783 10,184 10,476
Total Assets 16,135 22,216 8,860 8,284 12,060 12,391

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2,295 -3,466 571 -363 -293 -965
-892 -1,301 -25 36 -82 126
2,396 5,352 -668 -581 319 827
Net Cash Flow -791 585 -123 -908 -56 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 9% 12% 13% 12%
Debtor Days 22 39 30 34 23 21
Inventory Turnover 0.00 0.00 0.01 0.91 0.00

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
100.00 87.84 87.84 87.84 87.84 87.84 87.84
0.00 0.29 0.49 0.65 0.55 0.40 0.36
0.00 4.53 4.89 2.76 2.61 2.28 1.53
0.00 7.33 6.77 8.75 9.00 9.48 10.26

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