There’s a massive increase in the stocks of Navratna company Rail Vikas Nigam Limited (NSE: RVNL). The shares of the railway company increased by over 1.70 percent in the past day to be at Rs 224.40.
Rail Vikas Nigam Limited has been crowned the most competitive bidder for the power transmission line within Madhya Pradesh.
The order that was received from Railways within Madhya Pradesh is worth Rs 251 crore. Rail Vikas Nigam has received this request from the MP Central Region Electricity Distribution Company and the work is scheduled to be completed within 24 months.
Company’s Share Increased
Rail Vikas Nigam Limited’s shares have been able to witness a dramatic increase in the past couple of years.
Its shares have grown 170% in only the last four years. Its shares Rail Vikas Nigam Limited (RVNL) were trading at 12.80 on the 27th of March, 2020.
The shares of the public company have risen to Rs 231.80 in January 2024. In the past three years, shares from Rail Vikas Nigam Limited have been growing by 70 percent.
In the last three years, the stocks of the firm have increased from Rs 29 to 231.90.
Share Grew By 300% In Just 11 Months
Shares of Rail Vikas Nigam Limited have been increasing by over 300% over the past year. The share belonging to the government-owned firm wad at Rs 57.50 on February 28th, 2023.
Rail Vikas Nigam Limited share have increased up to 231.80 by the 16th of January 2024. Shares of this company have risen by 95% in the past six months.
However, the company’s shares have increased by over 25% in the first quarter of this year. The 52-week low for the shares held by Rail Vikas Nigam Limited is the amount of Rs 56.15.
About Rail Vikas Nigam Ltd
The company was incorporated on 24.01.2003 and became fully operational after the appointment of all Directors of the Board in March 2005.
RVNL implements projects by awarding contracts on a turnkey basis to international norms and practices. Additionally, 5 Workshop Projects and one cable bridge with a stayed structure have been completed.
The projects are currently being implemented by 36 PIUs scattered across the nation. RVNL is also an Equity Part of an SPV that includes 12 major Ports under the Ministry of Shipping.
RVNL has managed to attract an investment of 6,139 crores. The RVNL/HSRC was tasked to conduct feasibility studies of HSR corridors that run between Mumbai and Chennai, Delhi Amritsar, Delhi Kolkata, and Delhi-Mumbai.
Fundamental Analysis of Rail Vikas Nigam Ltd
| Market Cap | ₹ 46,600 Cr. |
| Current Price | ₹ 224 |
| 52-wk High | ₹ 232 |
| 52-wk Low | 56.0 |
| Stock P/E | 31.5 |
| Book Value | ₹ 37.9 |
| Dividend | 0.95 % |
| ROCE | 17.8 % |
| ROE | 20.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 5.89 |
| OPM | 6.11 % |
| EPS | ₹ 7.09 |
| Debt | ₹ 5,981 Cr. |
| Debt to Equity | 0.76 |
Rail Vikas Nigam Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 254 | ₹ 310 |
| 2025 | ₹ 380 | ₹ 422 |
| 2026 | ₹ 480 | ₹ 525 |
| 2027 | ₹ 600 | ₹ 634 |
| 2028 | ₹ 750 | ₹ 800 |
| 2029 | ₹ 860 | ₹ 980 |
| 2030 | ₹ 1050 | ₹ 1200 |
Rail Vikas Nigam Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 78.20% |
| Dec 2022 | 78.20% |
| Mar 2023 | 78.20% |
| June 2023 | 78.20% |
| Sept 2023 | 72.84% |
| FII Holding | |
| Sept 2022 | 1.76% |
| Dec 2022 | 2.45% |
| Mar 2023 | 1.53% |
| June 2023 | 1.75% |
| Sept 2023 | 2.32% |
| DII Holding | |
| Sept 2022 | 7.43% |
| Dec 2022 | 6.45% |
| Mar 2023 | 6.51% |
| June 2023 | 5.75% |
| Sept 2023 | 5.83% |
| Public Holding | |
| Sept 2022 | 12.61% |
| Dec 2022 | 12.92% |
| Mar 2023 | 13.76% |
| June 2023 | 14.30% |
| Sept 2023 | 19.01% |
Rail Vikas Nigam Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 10,069 Cr |
| 2020 | ₹ 14,531 Cr |
| 2021 | ₹ 15,404 Cr |
| 2022 | ₹ 19,382 Cr |
| 2023 | ₹ 21,218 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 688 Cr |
| 2020 | ₹ 757 Cr |
| 2021 | ₹ 992 Cr |
| 2022 | ₹ 1,110 Cr |
| 2023 | ₹ 1,479 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.69 |
| 2020 | 0.83 |
| 2021 | 1.02 |
| 2022 | 1.03 |
| 2023 | 0.87 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 20% |
| 3 Years: | 23% |
| Current Year: | 10% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 21% |
Last 10 Years’ Sales Growth:
| 10 Years: | – |
| 5 Years: | 22% |
| 3 Years: | 12% |
| Current Year: | 1% |
Conclusion
This article is a complete guide about Rail Vikas Nigam (RVNL) Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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