RVNLConstruction

Rail Vikas Nigam Limited

Civil Construction · ISIN INE415G01027 · BSE 542649 · NSE EQ · FV ₹10
Last price
₹202
+2.13%today
What this company does

Rail Vikas Nigam Limited operates in Civil Construction, part of the Construction sector. It booked ₹4,321 cr of revenue in its latest quarter (Q1 FY27) and kept 3.7% of sales as profit. It is the 2nd largest of 9 Civil Construction companies we track, by market value.

In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 11–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns24

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality27

Whether reported profit actually arrives as cash

Growth & consistency36

Whether sales and profit have grown, and how steadily

Valuation20

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 11% vs last year
Profit up 18% vs last year
Promoters hold 73%
No promoter shares pledged
Watch-outs
! Thin 3.7% net margin
! Low 6.5% return on equity
! Operating cash flow is negative

What if I invest in RVNL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹202 +2.13%
latest close · 2026-09-17
1-year return
+624.2%
52-wk low ₹2852-wk high ₹237
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio66.3High
LowAverageHigh
P/B ratio4.28High
Below bookModerateHigh
EV / EBITDA35.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.5%Weak
WeakFairStrong ▸15%
Return on capital8.7%Fair
WeakFairStrong
Net margin3.7%Thin
ThinDecentStrong
EBITDA margin7.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.49Comfortable
LowModerateHigh ▸1
Interest cover3.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹42,055 cr
Book value
₹47
EPS
₹0.76
latest quarter
Net debt
₹4,257 cr
owes more than its cash
Enterprise value
₹46,312 cr
EBITDA
₹1,303 cr
annualised
EBIT
₹1,261 cr
annualised
Operating margin
7.3%
Return on assets
2.9%
Earnings yield
1.51%
P/S
2.43
Sales / share
₹82.9
Tax rate
29.5%
Face value
₹10
Shares
208.5 cr
Working capital
₹6,450 cr
Current assets
₹13,575 cr
Current liabilities
₹7,126 cr
Delivery %
31.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹82 vs market price ₹202 — price is 145% above it
Safety cushion-144.6%(target ≥ +20%)
Models span ₹56₹109, midpoint ₹82
Model ₹82
Price ₹202
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,321 cr
Other Income₹141 cr
Total Income₹4,462 cr
Cost of Materials₹4,046 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹54 cr
Finance Costs₹98 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹36 cr
Total Expenses₹4,245 cr
Profit before Tax₹217 cr
Tax Expense₹64 cr
Share of JV / Associates₹6 cr
Net Profit₹160 cr
Net margin on total income3.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹4,046 cr90.5%
Employee benefit expense₹54 cr1.2%
Finance costs₹98 cr2.2%
Depreciation & amortisation₹10 cr0.2%
Other expenses₹36 cr0.8%
Tax expense₹64 cr1.4%
Profit for the period₹160 cr3.6%
Total income ₹4,462 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,684 cr6,696 cr4,321 cr
Total income4,936 cr6,781 cr4,462 cr
Expenses4,577 cr6,535 cr4,245 cr
Profit before tax359 cr246 cr217 cr
Tax91 cr69 cr64 cr
Net profit (owners' share)323 cr187 cr159 cr
Net margin (owners' share, on revenue)6.9%2.8%3.7%
EPS (₹)1.550.900.76
YoY (latest quarter): total income +7.9% · net profit +18.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹21,702 cr
Shareholder equity
₹9,822 cr
parent shareholders
Total debt
₹4,814 cr
Cash
₹556 cr
Cash flow · H1 FY26
Operating
₹-1,255 cr
Investing
₹610 cr
Financing
₹-1,365 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limitedthis company₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.85%
trailing 12 months
Dividend / share (TTM)
₹1.71
Last dividend
₹0.71
ex 18 Aug 2026
ActionDetailEx-date
Dividend₹0.71 / share18 Aug 2026
Dividend₹1 / share11 Feb 2026
Dividend₹1.72 / share21 Aug 2025
Dividend₹2.11 / share23 Sep 2024
Dividend₹0.36 / share20 Sep 2023
Dividend₹1.77 / share6 Apr 2023
Who owns it · 2026-06-30
No pledge
Promoter
72.8%
FII / Foreign
2.4%
DII / Domestic
6.6%
Retail / others
18.1%
Smart-money activity
Insider trades
SoldBhanu Prakash · -140 · ₹3312 Sep 25
SoldBhanu Prakash · -2,500 · ₹30429 Aug 25
SoldBhanu Prakash · -3,500 · ₹31726 Aug 25
Bulk / block deals
short · NSE2009 Sep 26
short · NSE63626 Aug 26
short · NSE26324 Aug 26
Stake changes
SoldThe president of India, acting through and Represented by the ministry of Railways Government of India · promoter→ 72.84% · 11.18 cr28 Jul 23
DisposalLIFE INSURANCE CORPORATION OF INDIA→ 6.70%1 Nov 22
SoldThe President of India acting through and Represented by the Ministry of Railways Government of India · promoter→ 78.20% · 1.28 L8 Apr 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Aug 2026
See the official result
1
To receive, consider, approve and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2026 along with the Board’s Report, the Auditor’s Report and comments of the Comptroller and Auditor General of India (C&AG) and Management replies, if any, thereon.
Backed by 96% of shareholders other than promotersneeded 50%
16.81 cr votes for, 76.84 L against · 4% of mutual funds and other big investors said no
2
To declare final dividend of Rs. 0.71 per fully paid-up equity share for the Financial Year 2025-26.
Backed by 96% of shareholders other than promotersneeded 50%
16.94 cr votes for, 63.77 L against · 4% of mutual funds and other big investors said no
3
To appoint a Director in place of Mrs. Anupam Ban, Director (Personnel) (DIN: 07797026) who retires by rotation and being eligible, offers herself for re- appointment
Backed by 75% of shareholders other than promotersneeded 50%
13.10 cr votes for, 4.48 cr against · 25% of mutual funds and other big investors said no
4
To appoint a director in place of Mr. Mritunjay Pratap Singh, Director (Operations) (DIN: 08165734), who retires by rotation and being eligible, offers himself for re- appointment
Backed by 75% of shareholders other than promotersneeded 50%
13.10 cr votes for, 4.48 cr against · 25% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 72.8% between them · as of 2026-06-30
PRESIDENT OF INDIA72.84%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.