Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd

₹ 417 1.67%
24 Jun - close price
About

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]

Key Points

Business Overview
Company and its subsidiaries are engaged in the business of implementing various types of Rail infrastructure projects assigned by the Ministry of Railways (MoR) including doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, major bridges, workshops and production units. [1]

  • Market Cap 86,862 Cr.
  • Current Price 417
  • High / Low 432 / 117
  • Stock P/E 55.2
  • Book Value 42.0
  • Dividend Yield 0.51 %
  • ROCE 18.4 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 31.2%

Cons

  • Stock is trading at 9.93 times its book value
  • Earnings include an other income of Rs.1,291 Cr.
  • Promoter holding has decreased over last 3 years: -5.37%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
5,578 3,869 4,026 5,049 6,438 4,641 4,909 5,012 5,720 5,572 4,914 4,689 6,714
5,224 3,641 3,799 4,730 6,029 4,360 4,593 4,736 5,345 5,222 4,616 4,440 6,258
Operating Profit 354 228 227 319 408 281 316 276 374 349 298 249 456
OPM % 6% 6% 6% 6% 6% 6% 6% 6% 7% 6% 6% 5% 7%
421 211 112 222 225 256 301 325 274 289 320 358 323
Interest 319 134 6 144 146 157 131 147 146 146 133 139 150
Depreciation 5 5 5 4 7 6 5 6 6 6 6 5 4
Profit before tax 451 300 329 393 480 373 481 448 496 487 480 463 625
Tax % 15% 23% 15% 25% 21% 20% 21% 15% 28% 30% 18% 22% 23%
382 232 279 293 378 298 381 382 359 343 394 359 478
EPS in Rs 1.83 1.11 1.34 1.41 1.81 1.43 1.83 1.83 1.72 1.65 1.89 1.72 2.29
Raw PDF

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 Mar 2024
3,147 4,540 5,915 7,597 10,069 14,531 15,404 19,382 20,282 21,889
3,001 4,323 5,688 7,215 9,538 13,757 14,524 18,199 19,035 20,536
Operating Profit 146 217 228 382 531 773 880 1,183 1,247 1,353
OPM % 5% 5% 4% 5% 5% 5% 6% 6% 6% 6%
123 180 356 331 366 246 808 831 1,155 1,291
Interest 15 23 35 45 52 41 458 564 581 568
Depreciation 5 5 5 5 6 20 23 21 22 21
Profit before tax 248 370 543 664 839 958 1,207 1,430 1,798 2,054
Tax % 16% 19% 18% 14% 18% 21% 18% 22% 21% 23%
337 429 443 570 688 757 992 1,110 1,421 1,574
EPS in Rs 1.62 2.06 2.13 2.73 3.30 3.63 4.76 5.32 6.81 7.55
Dividend Payout % 11% 9% 58% 29% 27% 31% 33% 34% 31% 28%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 12%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 17%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 72%
3 Years: 134%
1 Year: 238%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 20%
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 Mar 2023 Mar 2024
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 6,661
2,514 2,624 2,437 2,259 3,024 4,257 5,931 6,643 6,441 6,033
10,561 16,169 2,866 2,101 4,669 3,019 2,654 7,097 4,656 4,834
Total Liabilities 16,135 22,216 8,860 8,284 12,089 12,395 14,221 20,066 18,422 19,612
6 6 8 249 279 305 292 380 355 367
CWIP 2 6 13 21 11 25 53 1 1 94
Investments 896 1,024 1,089 1,231 1,586 1,588 1,730 1,810 1,982 2,405
15,232 21,180 7,751 6,783 10,212 10,476 12,145 17,875 16,084 16,746
Total Assets 16,135 22,216 8,860 8,284 12,089 12,395 14,221 20,066 18,422 19,612

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 Mar 2024
113 652 571 -363 -695 -962 419 4,793 -4,076 2,954
-29 100 -25 36 320 124 312 -1,431 1,355 -1,399
-152 -182 -668 -581 319 827 416 -189 -1,036 -1,287
Net Cash Flow -68 570 -123 -908 -56 -11 1,148 3,173 -3,757 269

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 Mar 2024
Debtor Days 22 39 30 34 23 21 23 18 17 18
Inventory Days
Days Payable
Cash Conversion Cycle 22 39 30 34 23 21 23 18 17 18
Working Capital Days 1,412 1,274 21 70 99 122 135 21 57 42
ROCE % 7% 9% 12% 13% 12% 16% 16% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
78.20% 78.20% 78.20% 78.20% 78.20% 78.20% 78.20% 78.20% 78.20% 72.84% 72.84% 72.84%
0.25% 0.26% 0.86% 0.84% 0.95% 1.76% 2.45% 1.53% 1.75% 2.32% 2.59% 2.32%
9.26% 9.10% 8.62% 8.33% 8.29% 7.43% 6.45% 6.51% 5.75% 5.83% 6.08% 6.18%
12.29% 12.44% 12.32% 12.63% 12.56% 12.61% 12.92% 13.76% 14.30% 19.01% 18.50% 18.66%
No. of Shareholders 4,00,8664,37,0745,31,1745,63,5235,79,8995,66,8806,60,4357,20,3238,86,92213,41,09813,97,69918,44,551

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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