Rail Vikas Nigam Limited
NSE: RVNL · Civil Construction · sector
₹182.65NSE close 2026-10-26
Key numbers
Market cap₹38,083 cr
Price₹182.65
52w high / low₹401 / ₹183
P/E42.4xSector median 12.2x
P/B3.9xSector median 1.3x
Book value₹47.1
Dividend yield1.51%Sector median 0.76%
ROE9.3%Sector median 10.2%
ROCE10.5%Sector median 12.9%
OPM4.3%Sector median 10.7%
Debt / equity0.49xSector median 0.36x
EV/EBITDA47.1xSector median 8.8x
Interest cover3.9x
Current ratio1.91x
Sales growth 3y+0.2%Sector median +6.7%
Profit growth 3y-14.9%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹968 cr vs borrowings ₹4,814 cr (FY26): borrowings are higher by ₹3,845 cr.
- Borrowings fell in each of the last 3 years (₹6,408 cr → ₹4,814 cr).
- Operating profit covered interest 3.9x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 76% of net profit in the last 12 months.
- Debtor days went from 18 (FY24) to 96 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹182.65 on 2026-10-26: -54.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹534.05 · low ₹182.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 | 4,684 | 6,696 | 4,321 |
| EBITDA | 271 | 239 | 433 | 53 | 217 | 221 | 269 | 185 |
| OPM % | 5.6% | 5.2% | 6.7% | 1.4% | 4.2% | 4.7% | 4.0% | 4.3% |
| Other income | 281 | 269 | 187 | 228 | 210 | 252 | 85 | 141 |
| Net profit | 287 | 311 | 459 | 135 | 230 | 323 | 187 | 159 |
| EPS (₹) | 1.38 | 1.49 | 2.20 | 0.65 | 1.10 | 1.55 | 0.90 | 0.76 |
| Revenue YoY | +5.5% | +2.6% | +4.2% | +10.6% | ||||
| Profit YoY | -19.7% | +3.7% | -59.3% | +18.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 19,382 | 20,282 | 21,889 | 19,923 | 20,412 | 20,825 |
| EBITDA | 1,183 | 1,247 | 1,353 | 1,125 | 767 | 891 |
| Net profit | 1,183 | 1,421 | 1,574 | 1,281 | 875 | 900 |
| EPS (₹) | 5.67 | 6.81 | 7.55 | 6.15 | 4.20 | 4.31 |
| Revenue growth | +4.6% | +7.9% | -9.0% | +2.5% | +5.4% | |
| Profit growth | +20.1% | +10.8% | -18.6% | -31.7% | -24.5% | |
| Dividend / share (₹) | 3.16 | 0.25 | 2.13 | 2.11 | 2.72 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.2% | +5.8% | +5.4% |
| Net profit | -14.9% | -1.1% | -24.5% |
| EPS | -14.9% | -1.0% | – |
| Share price | – | -36.4% (2y) | -43.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 7,325 | 8,746 | 9,571 | 9,822 |
| Borrowings | – | 6,408 | 5,988 | 5,389 | 4,814 |
| Cash & equivalents | – | 1,853 | 3,113 | 3,886 | 968 |
| Total assets | – | 18,422 | 19,612 | 20,482 | 21,702 |
| Fixed assets | – | 27 | 29 | 537 | 574 |
| Capital work in progress | – | 1 | 94 | 0 | 0 |
| Investments | – | 10 | 10 | 23 | 27 |
| Receivables | – | 969 | 1,077 | 1,486 | 5,371 |
| Inventory | – | 0 | 0 | 0 | 118 |
| Payables | – | 621 | 250 | 380 | 1,682 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4,800 | -4,076 | 2,954 | 1,878 | -1,894 |
| Cash from investing | -1,427 | 1,355 | -1,399 | 1,629 | 942 |
| Cash from financing | -187 | -1,036 | -1,287 | -1,484 | -1,619 |
| Capex | 14 | 10 | 116 | 432 | 61 |
| Free cash flow | 4,786 | -4,086 | 2,838 | 1,446 | -1,955 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.4% | 18.0% | 13.4% | 8.9% |
| ROCE % | – | 16.2% | 17.1% | 14.0% | 10.3% |
| Debtor days | – | 17 | 18 | 27 | 96 |
| Inventory days | – | 0 | 0 | 0 | 2 |
| Payable days | – | 12 | 5 | 8 | 32 |
| Cash conversion cycle (days) | – | 5 | 13 | 19 | 66 |
| Working capital days | – | 83 | 86 | 110 | 115 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.84% |
| FIIs | 2.37% |
| DIIs | 6.21% |
| of which Mutual funds | 0.35% |
| of which Insurance | 5.86% |
| Government | 0.01% |
| Public (non-institutions) | 18.57% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% | 72.84% |
| Promoter group | % |
|---|---|
| President of India | 72.84% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 5.74% |
21,79,407 shareholders. Pledged: – of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| RITES | ₹9,102 cr | 21.9x | 3.4x | 15.7% | 22.5% | 22.6% | -2.8% | 4.59% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-18 | Dividend | Dividend - Re 0.71 Per Share |
| 2026-02-11 | Dividend | Interim Dividend - Re 1 Per Share |
| 2025-08-21 | Dividend | Dividend - Rs 1.72 Per Share |
| 2024-09-23 | Dividend | Annual General Meeting/Dividend - Rs 2.11 Per Share |
| 2023-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.36 Per Share |
| 2023-04-06 | Dividend | Interim Dividend - Rs 1.77 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
| 2022-03-24 | Dividend | Interim Dividend Re 1.58 Per Share |
| 2021-11-30 | Dividend | Annual General Meeting/Dividend - Rs 0.44 Per Share |
| 2021-04-08 | Dividend | Interim Dividend - Rs 1.14 Per Share |
| 2020-12-08 | Dividend | Dividend - Rs 1.14 Per Share |
| 2019-09-06 | Dividend | Dividend - Rs 0.09 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Railway
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Energy
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Highway
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Telecom
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Port
- RVNL primarily serves the railway infrastructure segment and has diversified its business across highways and roads, metro rail, ports and harbors, telecom, power transmission, and renewable energy (solar) infrastructure.: Others
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | RVNL |
| BSE code | 542649 |
| ISIN | INE415G01027 |
| Face value | ₹10.0 |
| Incorporated | 2003-01-24 |
| Website | www.rvnl.org |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.