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Rail Vikas Nigam Ltd.
(RVNL)
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Rating:50Neutral
Price Target:
₹218.00
▼(-2.68% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily driven by mixed financial performance: materially improved leverage is outweighed by the latest-year earnings step-down and sharply negative operating/free cash flow. Technicals add further pressure with a clear downtrend and weak momentum. Valuation is also a headwind given the high P/E and low dividend yield.
Positive Factors
Material Debt Reduction
Sharp deleveraging materially reduces interest and refinancing risk, strengthening RVNL’s financial flexibility. A much lighter debt burden should improve its capacity to fund project execution and absorb contract-timing volatility over the next several years.
Negative Factors
Latest-Year Profit Decline
The latest earnings step-down indicates that revenue growth is not currently translating into consistent profit expansion. Persistent pressure on project profitability could weaken internal funding capacity and limit the benefits of RVNL’s otherwise stronger balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Material Debt Reduction
Sharp deleveraging materially reduces interest and refinancing risk, strengthening RVNL’s financial flexibility. A much lighter debt burden should improve its capacity to fund project execution and absorb contract-timing volatility over the next several years.
Read all positive factors
Rail Vikas Nigam Ltd. (RVNL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹431.60B
Dividend Yield0.83%
Average Volume (3M)392.75K
Price to Earnings (P/E)47.7
Beta (1Y)1.76
Revenue Growth5.40%
EPS Growth-24.53%
CountryIN
Employees250
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.31
Shares Outstanding2,085,020,300
10 Day Avg. Volume459,774
30 Day Avg. Volume392,745
Financial Highlights & Ratios
PEG Ratio-1.87
Price to Book (P/B)5.29
Price to Sales (P/S)2.55
P/FCF Ratio-29.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.8
Revenue Forecast (FY)₹235.33B
Rail Vikas Nigam Ltd. Business Overview & Revenue Model
Company Description
Rail Vikas Nigam Limited (RVNL) is an Indian enterprise primarily involved in developing and building railway infrastructure across the nation. The company's operations span the conceptualization and implementation of rail projects, as well as the...
How the Company Makes Money
RVNL makes money mainly by executing infrastructure projects and earning contract revenue tied to project milestones and delivery. Its core revenue stream is receipts from EPC/execution and project management assignments—most historically awarded ...
Rail Vikas Nigam Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 208.25B | 204.12B | 199.23B | 218.79B | 202.82B | 193.82B |
| Gross Profit | 11.59B | 9.89B | 15.22B | 17.13B | 15.62B | 14.79B |
| EBITDA | 14.66B | 16.50B | 11.36B | 13.65B | 12.33B | 11.71B |
| Net Income | 9.00B | 8.75B | 12.81B | 15.51B | 13.42B | 11.10B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 217.02B | 204.82B | 196.12B | 184.22B | 198.81B |
| Cash, Cash Equivalents and Short-Term Investments | 6.36B | 6.34B | 35.70B | 11.45B | 8.51B | 57.30B |
| Total Debt | 0.00 | 48.18B | 54.19B | 60.33B | 64.41B | 66.43B |
| Total Liabilities | -98.18B | 118.84B | 109.11B | 108.66B | 110.97B | 134.84B |
| Stockholders Equity | 98.18B | 98.22B | 95.71B | 87.46B | 72.46B | 63.25B |
Cash Flow | ||||||
| Free Cash Flow | -12.61B | -17.39B | 14.46B | 26.14B | -41.37B | 46.84B |
| Operating Cash Flow | -12.55B | -16.78B | 18.78B | 29.54B | -40.76B | 48.00B |
| Investing Cash Flow | 6.10B | 1.56B | 16.29B | -13.99B | 13.55B | -14.27B |
| Financing Cash Flow | -13.65B | -10.49B | -14.84B | -12.87B | -10.36B | -1.87B |
Rail Vikas Nigam Ltd. Technical Analysis
Negative
224.00
Price Trends
222.94
Negative
243.48
Negative
276.08
Negative
Market Momentum
-5.53
Positive
32.29
Neutral
17.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RVNL, the sentiment is Negative. The current price of 224 is above the 20-day moving average (MA) of 216.17, above the 50-day MA of 222.94, and below the 200-day MA of 276.08, indicating a bearish trend. The MACD of -5.53 indicates Positive momentum. The RSI at 32.29 is Neutral, neither overbought nor oversold. The STOCH value of 17.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RVNL.
Rail Vikas Nigam Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹101.46B | 24.23 | ― | 3.77% | 10.62% | 8.14% | |
62 Neutral | ₹5.40T | 30.34 | ― | 0.96% | 9.78% | 13.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹431.60B | 47.70 | ― | 0.83% | 5.40% | -24.53% | |
49 Neutral | ₹108.25B | 20.68 | ― | 1.91% | -9.92% | -21.60% | |
49 Neutral | ₹104.58B | 19.88 | ― | 1.33% | 5.14% | -9.35% | |
44 Neutral | ₹100.88B | 66.88 | ― | 0.77% | -11.87% | -73.37% |
* General Sector Average
IN:RVNL
Rail Vikas Nigam Ltd.
205.35
-130.64
-38.88%
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Rail Vikas Nigam Ltd. Corporate Events
Rail Vikas Nigam faces NSE fine over board composition non-compliance
Aug 26, 2026
Rail Vikas Nigam Ltd. has disclosed that the National Stock Exchange imposed a fine of Rs. 9.66 lakh, including GST, for non-compliance with SEBI Listing Regulations governing the composition of its board and key committees for the quarter ended 3...
Rail Vikas Nigam Sets August 25 Virtual AGM, Publishes FY26 Report Online
Aug 2, 2026
Rail Vikas Nigam Ltd. has announced that its 23rd Annual General Meeting will be held on August 25, 2026 at 11:00 a.m. via video conferencing and other audio-visual means, allowing shareholders to participate remotely. The company has circulated t...
RVNL Wins ₹2,977-Crore NMDC Contract for Vizag Stockyard Project
Jun 20, 2026
Rail Vikas Nigam Ltd. has received a letter of award from state-run miner NMDC Ltd. to set up buffer stockpiles and a blending yard with 10 million tonnes per annum handling capacity at Vizag in Andhra Pradesh. The contract, valued at ₹2,977...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.