RVNL share price: Today, in this post we’ll discuss about RVNL latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
On the second day of the financial year i.e. April 2, the shares of Railway Vikas Nigam Limited (NSE: RVNL) took off.
During early trading, the stock reached at Rs 26.3.85. They have received several huge orders. This is the reason why RVNL shares rose.
Order Details
Rail Vikas Nigam Limited has received an order worth Rs 148.26 crore, to meet the 3000 MT loading target of the Bhadrak (Exclusive) section of the Kharagpur division of the South Eastern Railway.
The construction, supply, testing, and commissioning works are to be carried out for upgrading of 1 25 KV x 25 V to a 2 25 KV traction system.
The work is scheduled to be completed within 18 months.
In a stock exchange filing, Rail Vikas Nigam Ltd also said it has emerged as the lowest bidder for the ₹95.95 crore project from NFR-Const HQ-Electrical/NF Railway Construction.
It will cost the sum of Rs 95.95 crore and will be completed within 240 days.
The Order Was Received By Salasar
A joint venture between Rail Vikas Nigam Limited and Salasar Techno Engineering has got the contract, for a transmission project of around 60 crores within the Central African country Rwanda.
The joint venture has been awarded the contract by Energy Development Corporation Limited (EDCL).
It is expected to be completed within 18 months. This month the joint venture won a transmission contract for 174 crore from the Madhya Pradesh government.
Rail Vikas Nigam Limited holds a 51 percent stake in the joint venture and STEL holds the remaining 49 percent.
Let us tell you that on January 23, 2024, and March 29, 2023, the shares of Rail Vikas Nigam Limited touched a 52-week high of Rs 345.60 and a 52-week low of Rs 65.30.
The stock is currently down 24.25 percent from its 52-week high.
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 RVNL
| Market Cap | ₹ 54,586 Cr. |
| Current Price | ₹ 263.85 |
| 52-wk High | ₹ 346 |
| 52-wk Low | ₹ 69.8 |
| Stock P/E | 37.5 |
| Book Value | ₹ 37.9 |
| Dividend | 0.80 % |
| ROCE | 17.8 % |
| ROE | 20.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 6.79 |
| OPM | 6.08 % |
| EPS | ₹ 6.98 |
| Debt | ₹ 5,981 Cr. |
| Debt to Equity | 0.76 |
Rail Vikas Nigam Ltd (RVNL) 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 Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 72.84% |
| Mar 2023 | 72.84% |
| June 2023 | 72.84% |
| Sept 2023 | 72.84% |
| Dec 2023 | 72.84% |
| FII Holding | |
| Dec 2022 | 2.45% |
| Mar 2023 | 1.53% |
| June 2023 | 1.75% |
| Sept 2023 | 2.32% |
| Dec 2023 | 2.59% |
| DII Holding | |
| Dec 2022 | 6.45% |
| Mar 2023 | 6.51% |
| June 2023 | 5.75% |
| Sept 2023 | 5.83% |
| Dec 2023 | 6.08% |
| Public Holding | |
| Dec 2022 | 12.92% |
| Mar 2023 | 13.76% |
| June 2023 | 14.30% |
| Sept 2023 | 19.01% |
| Dec 2023 | 18.50% |
Rail Vikas Nigam Ltd Share: Last 5 Years’ Financial Condition
To better understand 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 | ₹ 20,895 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 688 Cr |
| 2020 | ₹ 757 Cr |
| 2021 | ₹ 992 Cr |
| 2022 | ₹ 1,110 Cr |
| 2023 | ₹ 1,455 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: | 1% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 21% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 22% |
| 3 Years: | 12% |
| Current Year: | -1% |
Conclusion
This article is a complete guide about Rail Vikas Nigam Ltd 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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