Rail Vikas Nigam Ltd. (RVNL) AI Stock Analysis

• Market Cap: ₹748.42B
• Dividend Yield: 0.48%
• Average Volume (3M): 614.53K
• Price to Earnings (P/E): 63.6
• Beta (1Y): 1.97
• Revenue Growth: -3.11%
• EPS Growth: -18.09%
• Country: IN
• Employees: 186
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 0.65
• Shares Outstanding: 2,085,020,300
• 10 Day Avg. Volume: 733,210
• 30 Day Avg. Volume: 614,531
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹384.00
• Price Target Upside: 7.40% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: ₹384.00 ▲(7.40% Upside)

Rail Vikas Nigam Ltd. has a solid financial foundation with strong profitability and equity position, but faces challenges with recent revenue decline and increased liabilities. The technical analysis shows mixed signals with bullish momentum but potential overvaluation concerns. The lack of earnings call data and corporate events limits further insights.

Rail Vikas Nigam Ltd. Business Overview & Revenue Model

Company Description

Rail Vikas Nigam Limited engages in the construction of rail infrastructure projects in India. It undertakes rail project development and implementation, as well as provides financial resources mobilization services. The company executes various railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable stayed bridges, institution buildings, etc. It serves Indian Railways, various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited was incorporated in 2003 and is based in New Delhi, India.

How the Company Makes Money

Rail Vikas Nigam Ltd. (RVNL) generates revenue primarily through the execution of railway infrastructure projects assigned by the Ministry of Railways. The company is compensated for its project management services, which include planning, design, and execution of various railway projects. RVNL's revenue streams include project management fees, construction contracts, and consultancy services. The company often enters into partnerships and joint ventures with other public and private sector entities to undertake large-scale projects, and these collaborations can also contribute to its earnings. Additionally, RVNL may receive funding and grants from the government to support specific projects, which further enhances its financial resources.

Rail Vikas Nigam Ltd. Financial Statement Overview

Summary

Rail Vikas Nigam Ltd. shows strong profitability with a healthy net profit margin and a solid equity position. However, the recent decline in revenue and increase in liabilities in 2025 could pose challenges. Cash flow stability needs improvement despite maintaining positive net income.

Income Statement

Rail Vikas Nigam Ltd. has demonstrated a solid financial performance with positive revenue growth from 2021 to 2024, although there was a decline in 2025. The company maintained a strong gross profit margin, and the net profit margin remained healthy throughout the periods. Despite a fall in revenue and net income in 2025, the overall financial health in terms of profitability remains robust, supported by strong EBIT and EBITDA margins.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The equity ratio has improved over the years, suggesting a strengthening equity position. However, the increase in total liabilities in 2025 could be a potential concern. Return on equity has been solid, reflecting efficient management of equity.

Cash Flow

The cash flow analysis reveals fluctuations in free cash flow, with high volatility observed in operating cash flow over the years. Despite this, the company has managed to sustain positive net income, indicating some resilience. The free cash flow to net income ratio is positive, yet the variability in free cash flow growth suggests a need for more stable cash flow management.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	199.23B	199.23B	202.82B	218.89B	193.82B	154.04B
Gross Profit	14.63B	15.17B	15.62B	17.07B	14.78B	11.74B
EBITDA	19.82B	11.42B	22.14B	24.95B	19.69B	15.94B
Net Income	12.81B	12.81B	13.42B	15.74B	11.10B	9.92B
Balance Sheet
Total Assets	204.82B	204.82B	184.22B	196.12B	198.81B	141.52B
Cash, Cash Equivalents and Short-Term Investments	38.86B	38.86B	44.50B	11.45B	57.30B	15.03B
Total Debt	54.19B	54.19B	64.41B	60.33B	66.43B	59.31B
Total Liabilities	109.11B	109.11B	110.97B	108.66B	134.84B	85.85B
Stockholders Equity	95.71B	95.71B	73.25B	87.46B	63.97B	55.67B
Cash Flow
Free Cash Flow	0.00	14.46B	-41.37B	26.14B	46.84B	5.14B
Operating Cash Flow	0.00	18.78B	-40.76B	29.54B	48.00B	6.57B
Investing Cash Flow	0.00	16.29B	13.55B	-13.99B	-14.27B	746.90M
Financing Cash Flow	0.00	-14.84B	-10.36B	-12.87B	-1.87B	4.16B

Rail Vikas Nigam Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 357.55
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RVNL, the sentiment is Neutral. The current price of 357.55 is above the 20-day moving average (MA) of 335.17, above the 50-day MA of 345.26, and below the 200-day MA of 377.95, indicating a neutral trend. The MACD of 5.66 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 79.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RVNL.

Rail Vikas Nigam Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASHOKA	75 Outperform	54.45B	3.08	43.27%	―	-8.43%	184.27%
AHLUCONT	72 Outperform	67.37B	30.25	11.24%	0.06%	4.32%	-37.38%
JKIL	69 Neutral	48.47B	11.89	13.01%	0.63%	17.23%	18.23%
GRINFRA	67 Neutral	126.69B	11.48	11.95%	0.95%	-13.83%	-5.72%
RVNL	63 Neutral	₹748.42B	63.56		0.48%	-3.11%	-18.09%
IRB	52 Neutral	262.39B	4.01	32.69%	0.62%	-1.99%	969.06%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%