TickerSutra

NSE: RVNL · BSE: 542649 · ISIN INE415G01027

Rail Vikas Nigam Limited stock analysis

Rail Vikas Nigam Limited ranks #4803 in the TickerSutra evidence-ranked universe with a score of 30/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.8%, quarterly sales growth of 10.6% and quarterly profit growth of 18.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE30/100

Avoid / exit review

#4803 of 5,430 ranked equities
Market capitalisation₹43,171.68cr
ROCE10.8%
Quarterly sales growth10.6%
Quarterly profit growth18.5%
P/E ratio48.0×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹19,382cr₹1,183cr₹1,110cr6.0%
2023₹20,282cr₹1,246cr₹1,342cr6.0%
2024₹21,879cr₹1,354cr₹1,551cr6.0%
2025₹19,923cr₹1,131cr₹1,278cr6.0%
2026₹20,412cr₹767cr₹871cr3.8%
TTM₹20,825cr₹891cr₹896cr4.3%
Debt / equity0.49×
CFO / EBITDA-2.46×
Operating margin4.3%
Free cash flow₹-1,949cr
Sales CAGR · 3Y0.2%
Profit CAGR · 3Y-13.4%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts0 negative catalysts5 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Management confidenceHigh severity · 1 mention
Constructive

With the government's continued focus on railway and infrastructure development, we see significant opportunities ahead in real estate, ports and hydro, highways, and sustainable infrastructure. We remain confident that execution will gather further momentum in the coming quarters and that R VNL is well - positioned to sustain its growth trajectory and create long-term value for all stakeholders. 4 Rail Vikas Nigam L

Export market updatesModerate severity · 6 mentions
Constructive

Wholly owned subsidiaries in the UAE, Uzbekistan, Saudi Arabia, Oman and South Africa provide the institutional infrastructure for sustained international operations. Established global infrastructure enterprises typically derive 40%-50% of their revenue from international markets. Your Company has adopted this as its long-term strategic benchmark, supported by collaborations with technology partners such as Rosatom

Capacity expansion plansModerate severity · 5 mentions
Positive catalyst

MPPKVVCL Madhya Pradesh Poorva Kshetra: Revamped – Reforms – Based and Results – Linked Distribution Sector Scheme (RDSS) (Pkg-12) Electrical 26. NHAI Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the state of Jharkhand on Hybrid Annuity Mode (Package 8). NHAI C

Regulatory approvalLow severity · 14 mentions
Watch

The Company strives to attract, develop, motivate, and retain talent while promoting employee wellbeing and a healthy work-life balance. To strengthen its organizational capabilities and ensure longterm sustainability, RVNL has established a nucleus of its own permanent cadre through the implementation of an Absorption Policy and a Recruitment & Promotion Policy, duly approved by the Board of Directors. These policie

Regulatory updatesLow severity · 12 mentions
Watch

Manufacturing is headquartered at the Marathwada Rail Coach Factory (MRCF) in Latur, Maharashtra, a facility that has been operational since December 2020 and has now achieved full production readiness for the sleeper programme. The Production Roadmap Milestone Timeline First prototype rollout December 2026 Prototype trial period Approximately three to four months Regulatory clearance Proving Trials: gateway to mass

Delay in approvalLow severity · 2 mentions
Watch

Saleem Ahmad Your voice is not very clear. Ashutosh Kumar What percentage of our current order book is already mobilized and under active execution versus projects awaiting approval, land availability or financial closure? Saleem Ahmad No, our total order book, which is remaining, is INR 93,000, and works which are in progress is about almost INR 40,000 crore.

Institutional interestLow severity · 1 mention
Watch

The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditor

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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