RVNL LTD

Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway.

Key Business

• Rail Infrastructure Projects
• doubling (including 3rd/4th lines)
• gauge conversion
• new lines
• railway electrification
• major bridges
• workshops and production units

Shareholding Pattern

PUBLIC

PROMOTER

Financial Summary

Synopsis of Financials

• RVNL has achieved all time highest turnover during the year 2022-23. The Company recorded total income of Rs.21285.51 crore compared to Rs. 20190.97 crore in the previous year
• Profit after tax for the year 2022-23 is Rs 1267.97 crore as against Rs. 1087.35 crore in the previous year.
• Company has earned a turnover of Rs 20281.57 crore as against Rs. 19381.71 crore of previous year with percentage showing an increase of 4.64%

Final Outlook

RVNL Stock rose to 52 week high of 345.60 on January 23,2024 as it got project from south eastern railway and RVNL’s Q4 consolidated net profit jumped 33.2% year-on-year to Rs 478 crore, as compared with Rs 359 crore over the same period last year.

BUY, HOLD for long term is advisable as the company has been showing all time high and promoter is government so there will be a very good scope as many projects like Vande Bharat, Tejas Express, Kolkata metro also is run by Rail Vikas Nigam ltd and this projects will be ever demanding and electrification, doubling is also looked by this company.