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 ₹ 35,644 Cr.
- Current Price ₹ 171
- High / Low ₹ 199 / 56.0
- Stock P/E 24.1
- Book Value ₹ 37.9
- Dividend Yield 1.25 %
- ROCE 17.8 %
- ROE 20.8 %
- 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 33.0%
Cons
- Promoter holding has decreased over last quarter: -5.36%
- Earnings include an other income of Rs.1,208 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
3,147 | 4,540 | 5,915 | 7,597 | 10,069 | 14,531 | 15,404 | 19,382 | 20,282 | 21,218 | |
3,001 | 4,323 | 5,688 | 7,215 | 9,538 | 13,757 | 14,524 | 18,199 | 19,035 | 19,920 | |
Operating Profit | 146 | 217 | 228 | 382 | 531 | 773 | 880 | 1,183 | 1,247 | 1,297 |
OPM % | 5% | 5% | 4% | 5% | 5% | 5% | 6% | 6% | 6% | 6% |
123 | 180 | 356 | 331 | 366 | 246 | 808 | 831 | 1,155 | 1,208 | |
Interest | 15 | 23 | 35 | 45 | 52 | 41 | 458 | 564 | 581 | 572 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 20 | 23 | 21 | 22 | 23 |
Profit before tax | 248 | 370 | 543 | 664 | 839 | 958 | 1,207 | 1,430 | 1,798 | 1,910 |
Tax % | 16% | 19% | 18% | 14% | 18% | 21% | 18% | 22% | 21% | |
337 | 429 | 443 | 570 | 688 | 757 | 992 | 1,110 | 1,421 | 1,479 | |
EPS in Rs | 1.62 | 2.06 | 2.13 | 2.73 | 3.30 | 3.63 | 4.76 | 5.32 | 6.81 | 7.09 |
Dividend Payout % | 11% | 9% | 58% | 29% | 27% | 31% | 33% | 34% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 12% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 23% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 92% |
1 Year: | 137% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 19% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2,085 | 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 | 4,240 | 5,240 | 5,823 |
2,514 | 2,624 | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,441 | 5,981 | |
10,561 | 16,169 | 2,866 | 2,101 | 4,669 | 3,019 | 2,654 | 7,097 | 4,656 | 7,043 | |
Total Liabilities | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,422 | 20,932 |
6 | 6 | 8 | 249 | 279 | 305 | 292 | 380 | 355 | 338 | |
CWIP | 2 | 6 | 13 | 21 | 11 | 25 | 53 | 1 | 1 | 1 |
Investments | 896 | 1,024 | 1,089 | 1,231 | 1,586 | 1,588 | 1,730 | 1,810 | 1,982 | 2,073 |
15,232 | 21,180 | 7,751 | 6,783 | 10,212 | 10,476 | 12,145 | 17,875 | 16,084 | 18,520 | |
Total Assets | 16,135 | 22,216 | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,422 | 20,932 |
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 | 4,793 | -4,076 | |
-29 | 100 | -25 | 36 | 320 | 124 | 312 | -1,431 | 1,355 | |
-152 | -182 | -668 | -581 | 319 | 827 | 416 | -189 | -1,036 | |
Net Cash Flow | -68 | 570 | -123 | -908 | -56 | -11 | 1,148 | 3,173 | -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% | 16% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Appointment of Part-time (official) Government Nominee Director of the Board of Rail Vikas Nigam Limited (RVNL).
- Imposition Of Fine By NSE & BSE For The Quarter Ended 30Th September, 2023 23 Nov
- Announcement under Regulation 30 (LODR)-Credit Rating 16 Nov
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Nov
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13 Nov - Letter of acceptance (LOA) received from Central Railway
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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Jun 2023TranscriptPPTREC
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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]