Rail Vikas Nigam Ltd

About [ edit ]

Rail Vikas Nigam is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling (including 3rd/4th lines), 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.

  • Market Cap 6,568 Cr.
  • Current Price 31.5
  • High / Low 35.6 / 10.0
  • Stock P/E 7.66
  • Book Value 26.1
  • Dividend Yield 3.62 %
  • ROCE 11.8 %
  • ROE 15.8 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.62%.
  • 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.376.75 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 Sep 2020 Dec 2020
3,245 1,850 1,773 3,019 3,427 2,846 3,765 3,699 4,221 2,911 3,183 3,732
3,094 1,762 1,734 2,827 3,250 2,681 3,573 3,577 4,013 2,772 3,018 3,513
Operating Profit 151 88 39 192 177 165 192 122 208 139 165 220
OPM % 5% 5% 2% 6% 5% 6% 5% 3% 5% 5% 5% 6%
Other Income 101 121 85 151 80 85 62 74 107 56 81 133
Interest 20 11 9 9 22 17 9 7 8 8 7 6
Depreciation 2 1 1 1 2 4 4 4 8 8 5 4
Profit before tax 230 197 113 333 234 228 242 185 299 180 234 342
Tax % 19% 15% 24% 16% 18% 20% 9% 44% 17% 21% 20% 18%
Net Profit 236 168 86 280 191 182 220 103 247 141 188 281
EPS in Rs 1.13 0.81 0.41 1.34 0.92 0.87 1.06 0.50 1.19 0.68 0.90 1.35
Notes Notes 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 14,047
3,001 4,322 5,633 7,215 9,538 13,761 13,315
Operating Profit 146 217 282 382 531 770 731
OPM % 5% 5% 5% 5% 5% 5% 5%
Other Income 123 180 302 331 384 246 377
Interest 15 23 35 45 52 41 28
Depreciation 5 5 5 5 6 20 26
Profit before tax 248 370 543 664 857 954 1,054
Tax % 16% 19% 18% 14% 18% 21%
Net Profit 337 429 443 570 705 753 857
EPS in Rs 1.62 2.06 2.13 2.73 3.38 3.61 4.12
Dividend Payout % 11% 9% 58% 29% 26% 32%
Compounded Sales Growth
10 Years:%
5 Years:36%
3 Years:35%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:17%
3 Years:24%
TTM:25%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:66%
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 Sep 2020
2,085 2,085 2,085 2,085 2,085 2,085 2,085
Reserves 975 1,337 1,472 1,839 2,311 3,031 3,360
Borrowings 2,514 2,624 2,437 2,259 3,024 4,257 4,792
10,561 16,169 2,866 2,101 4,640 3,019 2,266
Total Liabilities 16,135 22,216 8,860 8,284 12,060 12,391 12,502
6 6 8 249 279 312 299
CWIP 2 6 13 21 11 18 70
Investments 896 1,024 1,089 1,231 1,586 1,585 1,661
15,232 21,180 7,751 6,783 10,184 10,476 10,472
Total Assets 16,135 22,216 8,860 8,284 12,060 12,391 12,502

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 Dec 2020
100.00 87.84 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 0.31
0.00 4.53 4.89 2.76 2.61 2.28 1.53 1.12
0.00 7.33 6.77 8.75 9.00 9.48 10.26 10.73

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