Is Rail Vikas Nigam a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rail Vikas Nigam Ltd is a average quality company .

Is Rail Vikas Nigam undervalued or overvalued?

The key valuation ratios of Rail Vikas Nigam Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Rail Vikas Nigam share price return in the past 10 years?

Data is not available for this company

Is Rail Vikas Nigam a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rail Vikas Nigam Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Rail Vikas Nigam Ltd - Stock Valuation and Financial Performance

Name: Rail Vikas Nigam
Brand: Rail Vikas Nigam

BSE: 542649 | NSE: RVNL | Engineering - Construction | Mid Cap

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Rail Vikas Nigam Share Price

₹448.10 -29.45 -6.17%
as on 08-Nov'24 00:00

10 Year X-Ray of Rail Vikas Nigam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	2.7%	2.9%	3.9%	13.3%	14%	12.2%	15.7%	16.3%	17.3%	18.5%	-
Value Creation Index ⓘ	-0.8	-0.8	-0.7	0.2	-0	-0.1	0.2	0.2	0.3	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,448	4,736	5,920	7,597	10,069	14,531	15,404	19,382	20,282	21,889	20,332
Sales YoY Gr.	-	37.4%	25%	28.3%	32.5%	44.3%	6%	25.8%	4.6%	7.9%	-
Adj EPS ⓘ	1.6	2	2.1	2.7	3.3	3.6	4.8	5.3	6.4	7.6	6.5
YoY Gr.	-	26.5%	7.1%	29.1%	20.3%	11.4%	31.1%	11.8%	21.1%	17.2%	-
BVPS (₹) ⓘ	14.5	15.8	17.1	18.8	21.1	24.6	27	30.3	34.8	42	42.2
Adj Net Profit ⓘ	323	408	439	565	679	757	992	1,110	1,342	1,574	1,347
Cash Flow from Ops. ⓘ	-2,295	-3,466	278	-363	-695	-962	419	4,793	-4,064	2,954	-
Debt/CF from Ops. ⓘ	-5.3	-5.1	8.8	-6.2	-4.7	-4.7	14.1	1.4	-1.6	2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	22.8%	16.8%	12.4%	7.9%
Adj EPS ⓘ	19.2%	18.3%	16.6%	17.2%
BVPSⓘ	12.6%	14.8%	15.8%	20.7%
Share Price	-	79.6%	126.6%	186.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.7	12.9	12.8	15.1	16.3	15.9	18.4	18.6	19.8	19.7	15.4
Op. Profit Mgn % ⓘ	9.3	7.8	4.6	5	5.3	5.4	5.7	6.1	6.2	6.2	5.7
Net Profit Mgn % ⓘ	9.4	8.6	6.5	7.4	6.7	5.2	6.4	5.7	6.6	7.2	6.6
Debt to Equity ⓘ	4	5.3	0.7	0.6	0.8	0.9	1.1	1.1	0.9	0.7	0.6
Working Cap Days ⓘ	0	1,245	717	250	268	238	235	203	233	239	87
Cash Conv. Cycle ⓘ	0	1,036	496	38	20	7	10	14	10	10	41

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.43%

Net Profit is growing at healthy rate in last 3 years 16.62%

Debt to equity has declined versus last 3 years average to 0.69

Return on Equity has declined versus last 3 years average to 15.40%

Sales growth is not so good in last 4 quarters at -4.29%

Latest Financials - Rail Vikas Nigam Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.1	6.5
TTM Sales (₹ Cr.)	20,310	20,332
BVPS (₹.) ⓘ	38.1	42.2
Reserves (₹ Cr.) ⓘ	5,862	6,707
P/BV ⓘ	11.76	10.63
PE ⓘ	73.01	69.31

From the Market
52 Week Low / High (₹)	155.45 / 647.00
All Time Low / High (₹)	10.20 / 647.00
Market Cap (₹ Cr.)	93,430
Equity (₹ Cr.)	2,085
Face Value (₹)	10
Industry PE ⓘ	38.1

Management X-Ray of Rail Vikas Nigam:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rail Vikas Nigam

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Rail Vikas Nigam

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,448	4,736	5,920	7,597	10,069	14,531	15,404	19,382	20,282	21,889
Operating Expenses ⓘ	3,129	4,367	5,645	7,215	9,538	13,744	14,524	18,199	19,035	20,536
Manufacturing Costs	3,027	4,232	5,477	7,026	9,311	13,419	14,232	17,906	18,725	20,187
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	69	89	117	135	156	186	204	200	186	184
Other Costs ⓘ	32	46	51	54	71	139	88	93	125	165
Operating Profit ⓘ	319	368	274	382	531	786	880	1,183	1,246	1,353
Operating Profit Margin (%)	9.3%	7.8%	4.6%	5.0%	5.3%	5.4%	5.7%	6.1%	6.1%	6.2%
Other Income ⓘ	120	183	248	325	334	305	739	800	996	1,186
Interest ⓘ	10	9	35	145	131	100	458	564	581	568
Depreciation ⓘ	38	38	5	5	6	20	23	21	22	21
Exceptional Items ⓘ	0	0	0	6	12	0	0	0	0	0
Profit Before Tax ⓘ	392	504	482	664	839	958	1,207	1,430	1,719	2,054
Tax ⓘ	69	96	100	95	152	201	215	319	378	479
Profit After Tax	323	408	382	570	688	757	992	1,110	1,342	1,574
PAT Margin (%)	9.4%	8.6%	6.4%	7.5%	6.8%	5.2%	6.4%	5.7%	6.6%	7.2%
Adjusted EPS (₹)	1.6	2.0	2.1	2.7	3.3	3.6	4.8	5.3	6.4	7.6
Dividend Payout Ratio (%)	12%	28%	59%	27%	27%	31%	33%	34%	33%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	3,017	3,288	3,563	3,924	4,396	5,119	5,636	6,325	7,246	8,746
Share Capital ⓘ	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085	2,085
Reserves ⓘ	932	1,203	1,478	1,839	2,311	3,034	3,551	4,240	5,161	6,661
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	12,057	17,545	2,437	2,259	3,024	4,257	5,902	6,595	6,408	5,988
Long Term Debt	2,186	2,320	2,437	2,259	3,024	4,257	5,672	6,315	6,031	5,516
Short Term Debt	9,871	15,224	0	0	0	0	230	280	377	472
Trade Payables	50	106	110	68	168	699	272	223	621	250
Others Liabilities ⓘ	1,479	1,878	2,715	2,073	4,577	2,446	2,566	7,209	4,438	5,092
Total Liabilities ⓘ	16,603	22,817	8,825	8,325	12,165	12,521	14,376	20,353	18,713	20,076
Fixed Assets
Gross Block	542	554	40	285	321	384	407	504	520	565
Accumulated Depreciation	167	203	32	36	42	79	115	125	166	198
Net Fixed Assetsⓘ	375	350	8	249	279	305	292	380	355	367
CWIP ⓘ	298	489	13	21	11	25	53	1	1	94
Investmentsⓘ	0	10	1,094	1,231	1,586	1,588	1,730	1,810	1,904	2,405
Inventories	11,567	14,828	766	2	4	9	23	50	59	65
Trade Receivables	213	439	279	713	638	835	980	938	969	1,077
Cash Equivalents	1,869	3,722	2,705	1,403	944	982	2,047	6,824	1,853	3,113
Others Assetsⓘ	2,280	2,979	3,960	4,706	8,701	8,777	9,250	10,351	13,571	12,955
Total Assets ⓘ	16,603	22,817	8,825	8,325	12,165	12,521	14,376	20,353	18,713	20,076

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-2,295	-3,466	278	-363	-695	-962	419	4,793	-4,064	2,954
PBT ⓘ	392	504	539	664	839	971	1,138	1,430	1,719	2,054
Adjustment ⓘ	-81	-140	-259	-273	-296	-119	-239	303	-442	-677
Changes in Working Capital ⓘ	-2537	-3734	107	-645	-1081	-1667	-329	3361	-4953	2037
Tax Paid ⓘ	-69	-96	-108	-109	-158	-146	-151	-299	-388	-460
Cash Flow From Investing Activity ⓘ	149	-33	20	36	320	124	312	-1,431	1,355	-1,399
Capex	-55	-203	-177	-91	-26	-21	-41	-14	-10	-102
Net Investments	85	-10	-10	-44	-270	3	0	-59	-14	-396
Others ⓘ	119	180	207	171	616	142	353	-1,359	1,379	-901
Cash Flow From Financing Activityⓘ	2,396	5,352	-421	-581	319	827	416	-189	-1,048	-1,287
Net Proceeds from Shares ⓘ	0	3	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-48	134	37	93	1,046	1,408	1,430	700	-280	-377
Interest Paid ⓘ	0	0	-214	-254	-268	-272	-245	-217	-312	-446
Dividend Paid ⓘ	-43	-139	-309	-201	-181	-23	-475	-421	-433	-444
Others ⓘ	2,487	5,353	65	-219	-278	-286	-294	-251	-23	-20
Net Cash Flow ⓘ	250	1,853	-123	-908	-56	-11	1,148	3,173	-3,757	269

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.7	12.93	11.14	15.21	16.53	15.9	18.44	18.56	19.77	19.69
ROCE (%)	2.67	2.86	3.85	13.28	13.99	12.19	15.69	16.27	17.29	18.45
Asset Turnover Ratio	0.21	0.24	0.37	0.89	0.98	1.18	1.15	1.12	1.04	1.13
PAT to CFO Conversion(x)	-7.11	-8.5	0.73	-0.64	-1.01	-1.27	0.42	4.32	-3.03	1.88
Working Capital Days
Receivable Days	23	25	22	24	24	19	22	18	17	17
Inventory Days	1,225	1,017	481	18	0	0	0	1	1	1
Payable Days	0	0	0	0	0	0	0	0	0	0

Rail Vikas Nigam Ltd Stock News

Rail Vikas Nigam Ltd FAQs

What is the share price of Rail Vikas Nigam?

Company share prices are keep on changing according to the market conditions. The closing price of Rail Vikas Nigam on 08-Nov-2024 00:00 is ₹448.1.

What is the market cap of Rail Vikas Nigam?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Nov-2024 00:00 the market cap of Rail Vikas Nigam stood at ₹93,429.8.

What is the P/E ratio of Rail Vikas Nigam?

The latest P/E ratio of Rail Vikas Nigam as of 08-Nov-2024 00:00 is 73.01.

What is the P/B ratio of Rail Vikas Nigam?

The latest P/B ratio of Rail Vikas Nigam as of 08-Nov-2024 00:00 is 11.76.

What is the 52-week high and low of Rail Vikas Nigam?

The 52-week high of Rail Vikas Nigam is ₹647.0 and the 52-week low is ₹155.4.

What is the TTM revenue of Rail Vikas Nigam?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rail Vikas Nigam is ₹20,310 ( Cr.) .

About Rail Vikas Nigam Ltd

To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announced National Rail Vikas Yojana (NRVY) on August 15, 2002 in his address from the Red Fort. NRVY was formally launched by Hon’ble PM on December 26, 2002. To implement NRVY, Rail Vikas Nigam Ltd (RVNL) was incorporated as an 100% owned PSU of Ministry of Railways (MoR) on January 01, 2003 with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis. RVNL became fully functional by March 2005.

RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of MoR. It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable. RVNL’s mandate includes mobilization of extra budgetary resources through a mix of equity, and debt from banks, financial institutions, multilateral agencies like Asian Development Bank and bilateral agencies for project execution through PPP by formation of project specific SPVs for Port and Hinterland connectivity. RVNL can enter into and carry on business relating to creation and augmentation of capacity of rail infrastructure on fast track.

In August 2004, it was decided that the issue of raising funds from the market to meet capital expenditure required for execution of projects by RVNL will be entrusted to IRFC. Accordingly, the focus of raising EBR for projects by RVNL has been on creation of project specific SPVs which are mentioned below.

RVNL has been granted Mini Ratna-I status on September 19, 2013.
The paid up Equity Capital of the company is Rs 2085 crore.

Business area of the company

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. It generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. and all stages of project execution upto the stage of commissioning of the new railway lines.

Awards and Recognition

2012: ICI - UltraTech Endownment Award for Outstanding Concrete Structure of Kerala (Infrastructure) for ‘Rail Bridge to International Transshipment Terminal at Vallarpadam - Cochin’.
2013: Awarded Miniratna Category - I status.
2014: ICC-DPE PSE Excellence Award for CSR & Sustainability.
2014: ICC-DPE PSE Excellence Award for Corporate Governance.
2015: Governance Now PSU Award for overall financial performance in Miniratna Category.
2016: Governance Now PSU Award for best overall performance in Miniratna Category.
2017: Dun & Bradstreet PSU Award for best performance in the Contract & Construction Services.
2018: Dun & Bradstreet PSU Award for best Miniratna in Services Category.
2018: Dun & Bradstreet PSU Award for ‘Construction - Infrastructure Development (Railways).
2018: Dun & Bradstreet Infra Award for ‘Construction of Venkatachalam Junction New Railway Line.

Major Events & Milestones

2003: Incorporated as a public company.
2003: Categorised as Schedule A company.
2013: Granted Miniratna category-I status.
2015: The company’s turnover crossed Rs 30,000 million.
2017: The company’s turnover crossed Rs 50,000 million.
2018: The company’s turnover crossed Rs 75,000 million.
2019-20: The Government of India (i.e. Ministry of Railways) announced the divestment of its stake of 12.16% amounting to 25,34,57,280 equity shares of the paid-up equity share capital of the Company through Initial Public Offer (IPO).