Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd (RVNL) last reported results for the quarter ended Jun 2026, with sales of ₹4,321 crore and net profit of ₹160 crore. The stock last traded at ₹199, a market capitalisation of ₹41,544 crore, on a P/E of 46.2. Over the past 52 weeks the stock has ranged between ₹194 and ₹401. Figures are as of 6 Oct 2026 and are not real time.
Rail Vikas Nigam Ltd share price and key metrics
- Current price
- ₹199
- Market cap
- ₹41,544 cr
- Stock P/E
- 46.2
- Book value
- ₹47.1
- ROE
- 9.02%
- ROCE
- 10.8%
- Dividend yield
- 0.87%
- 52w high / low
- 401/194
Metrics as of 6 Oct 2026. Not real time.
Track Rail Vikas Nigam Ltd
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Rail Vikas Nigam Ltd growth and returns
- 10 Years
- 16%
- 5 Years
- 6%
- 3 Years
- 0%
- TTM
- 5%
- 10 Years
- 7%
- 5 Years
- -2%
- 3 Years
- -13%
- TTM
- -24%
- 10 Years
- %
- 5 Years
- 45%
- 3 Years
- 5%
- 1 Year
- -43%
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 14%
- Last Year
- 9%
Rail Vikas Nigam Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹4,321 cr, up 10.5% from ₹3,909 cr a year earlier. Net profit was ₹160 cr, up 19.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 | 4,684 | 6,696 | 4,321 |
| Expenses | 4,599 | 4,328 | 5,994 | 3,856 | 4,906 | 4,464 | 6,427 | 4,137 |
| Operating profit | 256 | 239 | 433 | 53 | 217 | 221 | 269 | 185 |
| OPM % | 5% | 5% | 7% | 1.4% | 4.2% | 4.7% | 4.0% | 4.3% |
| Other income | 281 | 326 | 236 | 238 | 234 | 308 | 89 | 147 |
| Interest | 141 | 145 | 117 | 108 | 100 | 105 | 98 | 98 |
| Depreciation | 7 | 7 | 9 | 9 | 9 | 9 | 10 | 10 |
| Profit before tax | 389 | 413 | 543 | 173 | 342 | 415 | 250 | 224 |
| Tax % | 26% | 25% | 16% | 23% | 33% | 22% | 27% | 29% |
| Net profit | 287 | 312 | 455 | 134 | 231 | 324 | 182 | 160 |
| EPS (₹) | 1.38 | 1.49 | 2.18 | 0.65 | 1.10 | 1.55 | 0.90 | 0.76 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Rail Vikas Nigam Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,915 | 7,597 | 10,069 | 14,531 | 15,404 | 19,382 | 20,282 | 21,879 | 19,923 | 20,412 | 20,825 |
| Operating profit | 228 | 382 | 531 | 773 | 880 | 1,183 | 1,246 | 1,354 | 1,131 | 767 | 891 |
| OPM % | 3.9% | 5% | 5% | 5% | 6% | 6% | 6% | 6% | 6% | 3.8% | 4.3% |
| Net profit | 443 | 570 | 688 | 757 | 992 | 1,110 | 1,342 | 1,551 | 1,278 | 871 | 896 |
| EPS (₹) | 2.13 | 2.73 | 3.30 | 3.63 | 4.76 | 5.32 | 6.44 | 7.44 | 6.13 | 4.20 | 4.31 |
TTM is the trailing twelve months to the most recent quarter.
Rail Vikas Nigam Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 | 2,085 |
| Reserves | 1,472 | 1,839 | 2,311 | 3,034 | 3,551 | 4,240 | 5,161 | 6,637 | 7,482 | 7,737 |
| Borrowings | 2,437 | 2,259 | 3,024 | 4,257 | 5,931 | 6,643 | 6,441 | 6,033 | 5,419 | 4,818 |
| Other liabilities | 2,866 | 2,101 | 4,669 | 3,019 | 2,654 | 7,097 | 4,656 | 4,822 | 5,492 | 7,062 |
| Total liabilities | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,344 | 19,577 | 20,478 | 21,702 |
| Fixed assets | 8 | 249 | 279 | 305 | 292 | 380 | 355 | 367 | 1,027 | 1,025 |
| CWIP | 13 | 21 | 11 | 25 | 53 | 1 | 1 | 94 | 0 | 0 |
| Investments | 1,089 | 1,231 | 1,586 | 1,588 | 1,730 | 1,810 | 1,904 | 2,381 | 2,555 | 2,645 |
| Other assets | 7,751 | 6,783 | 10,212 | 10,476 | 12,145 | 17,875 | 16,084 | 16,735 | 16,896 | 18,032 |
| Total assets | 8,860 | 8,284 | 12,089 | 12,395 | 14,221 | 20,066 | 18,344 | 19,577 | 20,478 | 21,702 |
As reported by the company. Total assets equal total liabilities by construction.
Rail Vikas Nigam Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 571 | -363 | -695 | -962 | 419 | 4,793 | -4,064 | 2,956 | 1,881 | -1,889 |
| Cash from investing | -25 | 36 | 320 | 124 | 312 | -1,431 | 1,355 | -1,402 | 1,629 | 942 |
| Cash from financing | -668 | -581 | 319 | 827 | 416 | -189 | -1,048 | -1,287 | -1,487 | -1,624 |
| Net cash flow | -123 | -908 | -56 | -11 | 1,148 | 3,173 | -3,757 | 267 | 2,023 | -2,571 |
| Free cash flow | 385 | -454 | -721 | -983 | 277 | 4,678 | -4,125 | 2,630 | 1,450 | -1,949 |
| CFO / operating profit | 372% | -66% | -101% | -105% | 65% | 430% | -295% | 252% | 207% | -208% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Rail Vikas Nigam Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9% | 12% | 13% | 12% | 16% | 16% | 17% | 18% | 15% | 11% |
| Debtor days | 30 | 34 | 23 | 21 | 23 | 18 | 17 | 18 | 33 | 96 |
| Cash conversion cycle | 30 | 34 | 23 | 21 | 23 | 18 | 17 | 18 | 33 | 96 |
| Working capital days | 21 | 70 | 99 | 122 | 129 | 15 | 49 | 34 | 39 | 98 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Rail Vikas Nigam Ltd shareholding pattern
Promoters held 72.84% at Jun 2026, broadly unchanged since Jun 2025. FIIs 2.41% and DIIs 6.60%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% |
| FIIs | 5.05% | 5.10% | 5.07% | 4.89% | 4.66% | 4.97% | 4.86% | 2.41% |
| DIIs | 6.33% | 6.16% | 6.21% | 6.38% | 6.39% | 6.37% | 6.42% | 6.60% |
| Government | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 15.78% | 15.89% | 15.87% | 15.89% | 16.08% | 15.79% | 15.87% | 18.15% |
| No. of shareholders | 22,96,188 | 23,17,903 | 23,71,568 | 22,90,745 | 22,79,946 | 22,07,488 | 21,90,491 | 22,10,914 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Rail Vikas Nigam Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026Company Updatelow impact
- Rail Vikas Nigam Limited (RVNL) appoints Shri Deepak Mohanty as Non-Official Independent Director for a three-year term, effective immediatelyCompany Updatelow impact
Cruxal's analysis: RVNL has announced the appointment of Shri Deepak Mohanty as a Non-Official (Independent)…
Read the full analysis - Board comments on fine levied by exchanges; no financial impact disclosedCompany Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Ltd's board has issued a statement regarding a fine imposed by the stock…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) cancels LOA from East Coast Railway for IP-based Video Surveillance System, with no financial repercussionsCompany Updatemedium impact
Cruxal's analysis: RVNL has announced the cancellation of a Letter of Award (LOA) received from East Coast…
Read the full analysis - Rail Vikas Nigam Limited appoints Smt. Neeti Sarkar as Director (Finance) with additional charge, effective 30th September 2026Company Updatemedium impact
Cruxal's analysis: Rail Vikas Nigam Limited (RVNL) has announced the appointment of Smt. Neeti Sarkar (DIN…
Read the full analysis - RVNL Board Approves Appointment of New Internal Auditor, M/s. AMAA & Associates, from 01.07.2026 for One YearCompany Updatelow impact
Cruxal's analysis: The Indian railway infrastructure company RVNL has announced the appointment of M/s. AMAA…
Read the full analysis - Entrustment of additional charge of post of Director (Finance) on the Board of Rail Vikas Nigam LimitedCompany Updatelow impact
- Intimation of Trading Window ClosureInsider Trading / SASTlow impact
- Rail Vikas Nigam Ltd announces intimation for analyst/investor meetCompany Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Ltd has filed an intimation under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Rail Vikas Nigam Limited secures INR 404.88 crore order from East Coast Railway for infrastructure developmentCompany Updatemedium impact
Cruxal's analysis: Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from East Coast…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) appoints M/s. Gandhi Minocha & Co. as Statutory Auditor for F.Y. 2026-27Company Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Limited has announced the appointment of M/s. Gandhi Minocha & Co…
Read the full analysis - Rail Vikas Nigam Limited emerges as L1 bidder for East Coast Railway projectCompany Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Limited has been declared the Lowest Bidder (L1) for a project from the…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) announces superannuation of Senior Management PersonnelCompany Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Limited has formally notified the stock exchanges regarding the…
Read the full analysis - Rail Vikas Nigam Limited announces re-appointment of Shri Rakesh Bhalla as Independent DirectorCompany Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Limited has formally re-appointed Shri Rakesh Bhalla as an Additional…
Read the full analysis - Rail Vikas Nigam Ltd receives fine from NSE for non-compliance in quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Ltd has disclosed the imposition of a financial penalty by the National…
Read the full analysis - Rail Vikas Nigam Ltd receives fine from BSE for regulatory non-compliance for the quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Rail Vikas Nigam Ltd has disclosed the imposition of a financial penalty by the BSE…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) Announces Successful Conclusion of 23rd AGM and Shareholder Approval of Final DividendAGM/EGMlow impact
Cruxal's analysis: Rail Vikas Nigam Limited (RVNL) has successfully concluded its 23rd Annual General…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) Concludes 23rd AGM; Declares Final Dividend of 0.71 INR per Share for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: Rail Vikas Nigam Limited (RVNL) has successfully concluded its 23rd Annual General…
Read the full analysis - Rail Vikas Nigam Limited (RVNL) Concludes 23rd AGM; Declares Final Dividend of INR 0.71 Per ShareAGM/EGMlow impact
Cruxal's analysis: Rail Vikas Nigam Limited (RVNL) has successfully concluded its 23rd Annual General…
Read the full analysis - Rail Vikas Nigam Ltd releases Annual Report for FY 2025-26 including C&AG commentsOtherslow impact
Cruxal's analysis: Rail Vikas Nigam Ltd has filed its Annual Report for the financial year 2025-26, which…
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