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 ₹ 24,906 Cr.
- Current Price ₹ 119
- High / Low ₹ 144 / 29.0
- Stock P/E 17.5
- Book Value ₹ 35.1
- Dividend Yield 1.51 %
- ROCE 17.8 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.2%
Cons
- Earnings include an other income of Rs.1,155 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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
3,147 | 4,540 | 5,915 | 7,597 | 10,069 | 14,531 | 15,404 | 19,382 | 20,282 | |
3,001 | 4,323 | 5,688 | 7,215 | 9,538 | 13,757 | 14,524 | 18,199 | 19,035 | |
Operating Profit | 146 | 217 | 228 | 382 | 531 | 773 | 880 | 1,183 | 1,247 |
OPM % | 5% | 5% | 4% | 5% | 5% | 5% | 6% | 6% | 6% |
123 | 180 | 356 | 331 | 366 | 246 | 808 | 904 | 1,155 | |
Interest | 15 | 23 | 35 | 45 | 52 | 41 | 458 | 564 | 581 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 20 | 23 | 21 | 22 |
Profit before tax | 248 | 370 | 543 | 664 | 839 | 958 | 1,207 | 1,502 | 1,798 |
Tax % | 16% | 19% | 18% | 14% | 18% | 21% | 18% | 21% | 21% |
Net Profit | 337 | 429 | 443 | 570 | 688 | 757 | 992 | 1,183 | 1,421 |
EPS in Rs | 1.62 | 2.06 | 2.13 | 2.73 | 3.30 | 3.63 | 4.76 | 5.67 | 6.81 |
Dividend Payout % | 11% | 9% | 58% | 29% | 27% | 31% | 33% | 32% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 12% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 23% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 83% |
1 Year: | 262% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 20% |
Last Year: | 21% |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
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 | 5,240 |
2,514 | 2,624 | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,441 | |
10,561 | 16,169 | 2,866 | 2,101 | 4,669 | 3,019 | 2,654 | 6,840 | 4,656 | |
Total Liabilities | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 19,881 | 18,422 |
6 | 6 | 8 | 249 | 279 | 305 | 292 | 379 | 355 | |
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 | 1,982 |
15,232 | 21,180 | 7,751 | 6,783 | 10,212 | 10,476 | 12,145 | 17,618 | 16,084 | |
Total Assets | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 19,881 | 18,422 |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
113 | 652 | 571 | -363 | -695 | -962 | 419 | 4,800 | -4,076 | |
-29 | 100 | -25 | 36 | 320 | 124 | 312 | -1,426 | 1,355 | |
-152 | -182 | -668 | -581 | 319 | 827 | 416 | -187 | -1,036 | |
Net Cash Flow | -68 | 570 | -123 | -908 | -56 | -11 | 1,148 | 3,187 | -3,757 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 | 17 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 22 | 39 | 30 | 34 | 23 | 21 | 23 | 18 | 17 |
Working Capital Days | 1,412 | 1,274 | 21 | 70 | 99 | 122 | 135 | 21 | 57 |
ROCE % | 7% | 9% | 12% | 13% | 12% | 16% | 17% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - In continuation to our letter of even no. dated 30.05.2023 regarding intimation of the Audio Recording of Conference Call with Investor on the website of …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Jun - The management of the Company will be interacting with various investors in Mumbai on 8th June 2023. During the interaction, financial results for FY 2022-2023 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 May - The Audio Recording of the said Concall on 30.05.2023 has been uploaded on our Website at www.rvnl.org as detailed hereunder: Investor- Board Meetings, Board Committees …
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Statement On Impact Of Audit Qualification
30 May - In continuation to our letter no. RVNL/SECY/STEX/2023 dated 29th May, 2023 regarding Audited Financial results for the quarter and year ended 31st March, 2023. Please …
- Amendment In 'The RVNL Code Of Conduct For Regulating & Reporting Trading By Designated Persons & Their Immediate Relatives' Of Rail Vikas Nigam Limited 30 May
Annual reports
Concalls
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Jun 2023TranscriptPPT
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Feb 2023TranscriptPPT
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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]