RVNL Share Price Target 2024-2030 Fundamentals & Quarterly Results

RVNL Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Rail Vikas Nigam Limited (RVNL) has been awarded Navratna status, a Central State-Owned company of the Ministry of Railways. It has been in effect since 26th April 2023. RVNL was incorporated as PSU (Public Sector Undertaking) on 24th January 2003 with twin objectives of implementing projects related to the development and augmentation of rail infrastructure capacities on a fast track and raising additional budgetary resources for Special Purpose Vehicle (SPV) Projects.RVNL share Price Target

RVNL Overview

Rail Vikas Nigam Limited (RVNL) is really a central public sector company attached to the Ministry of Railways. The state-run firm acquired Navratna status. A Central State-Owned Company of the Ministry of Railways, has Been awarded Navratna Status and this status has been in effect from 26th April 2023. RVNL was embodied as PSU with dual objectives of execution of projects related to creation and augmentation of capacities of rail infrastructure on an accelerated basis and raising of extra budgetary resources for Special Purpose Vehicle (SPV) Projects.

Company NameRail Vikas Nigam Ltd
Listed atNSE & BSE
Head OfficeRail Vikas Nigam Limited Plot no 25, First Floor August Kranti Bhawan Bhikaji Cama Place R. K. Puram New Delhi-110066
Board Of Directors
  • Sanjeeb Kumar Director of Finance/CFO
  • Pradeep Gaur Chief Executive Officer
  • Vinay Singh Director/Board Member
  • Rajesh Prasad Chief Operating Officer
  • Dhananjaya Singh Director/Board Member
  • M. V. Natesan Director/Board Member
  • Anupam Mallick Director/Board Member
  • Anupam Ban Director/Board Member
Official Websitervnl.org

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RVNL Business Profile

The company and its subsidiaries are executing different types of Rail Infrastructure Projects which have been assigned by the Ministry of Railways (MoR) ranging from doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, major bridges, workshops and production units.

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New Railway Lines

The company engaged in railway line development work to the tune of 1343 km, comprising of 119 km for new lines, 925 km for doubling and 299 km for electrification of the railway but instead of Zonal Railways, it’s handed over to Zonal Railway. It has also finished the metropolitan transport project covering 863 kilometres.

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Railway Electrification

The company undertook Railway Electrification works over a length of 299 route kilometers ( 681 track kilometers).

The Kolkata Metro Joka- Taratala (13 km) section and the New Garia- Hemanta Mukherjee (11.0 km) section of the New Garia- Biman Bandar Section are under construction.

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Order Book

In the third quarter of fiscal year 2024, Company reported order backlog of ~65000 Cr out of which about 32000 Cr is on nomination basis for Railways Projects. Of the total value in their order book, there is ~9,000 Cr that corresponds to Vande Bharat orders while there are also ~7,000 Cr worth of Metro orders placed so far.

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Contingent liabilities

The Company has contingent liabilities of about Rs. 3,276 crs. because it is part of the arbitration lawsuit brought up by the Contractor and other court cases not admitted as debts by the company. The Company has investments of ~Rs. 2063 crs. as of Q2FY24 mainly contributed by investments in JVs.

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RVNL Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 86,862 Cr.
Current Price₹ 417
High / Low₹ 432 / 117
Stock P/E59.4
Book Value₹ 37.7
Dividend Yield0.51 %
ROCE18.7 %
ROE20.4 %
Face Value₹ 10.0
Debt to equity0.77
Debt Capacity0.01
Debt preceding year₹ 6,441 Cr.
Debt₹ 6,033 Cr.
Reserves₹ 5,782 Cr.
EPS₹ 7.02
EPS last year₹ 7.02
Pledged percentage0.00 %
FCF Prev Ann₹ -4,141 Cr.
EVEBITDA35.6
Industry PE23.5
PEG Ratio3.02
Piotroski score9.00
Earnings yield2.79 %
Sales growth 5Years16.6 %

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RVNL Quarterly Results

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales6,4384,6414,9095,0115,7215,4464,9104,6766,701
Expenses6,0304,3604,5934,7365,3495,0994,6134,4306,246
Operating Profit407281316275372348297246455
OPM %6%6%6%5%7%6%6%5%7%
Other Income220241218284261280296326279
Interest146157131147146146133139151
Depreciation765665654
Profit before tax473359398406482477455429579
Tax %21%21%25%16%28%30%19%24%25%
Net Profit372283299341345334370326433
EPS in Rs1.781.361.431.641.661.601.771.562.08

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CAGR Report

MetricValue
Compounded Sales Growth
– 10 Years24%
– 5 Years17%
– 3 Years12%
– TTM7%
Compounded Profit Growth
– 10 Years25%
– 5 Years20%
– 3 Years16%
– TTM15%
Stock Price CAGR
– 10 Years%
– 5 Years72%
– 3 Years131%
– 1 Year242%
Return on Equity
– 10 Years18%
– 5 Years20%
– 3 Years21%
– Last Year20%

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RVNL Shareholding Pattern

Shareholder TypeMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters100.00%87.84%78.21%78.20%78.20%72.84%
FIIs0.00%0.55%0.42%0.84%1.53%2.32%
DIIs0.00%2.61%9.43%8.33%6.51%6.18%
Public0.00%9.00%11.94%12.63%13.76%18.66%
No. of Shareholders71,77,3793,66,3545,63,5237,20,32318,44,551

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RVNL Share Price Target 2024-2030 Forecast

YearLower TargetsHigher Targets
2024₹371.17₹387.80
2025₹527.57₹567.21
2026₹685.04₹753.20
2027₹842.61₹951.77
2028₹999.62₹1,153.71
2029₹1,159₹1,339
2030₹1,316₹1,532

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RVNL Share Price Target 2025

Month

Lower Targets

Higher Targets

January

₹405.40

₹423.21

February

₹400.22

₹420.19

March

₹405.19

₹425.98

April

₹426.81

₹447.78

May

₹437.60

₹461.57

June

₹451.01

₹477.20

July

₹461.76

₹489.54

August

₹473.69

₹500.83

September

₹489.93

₹522.15

October

₹499.86

₹532.31

November

₹517.37

₹552.54

December

₹527.57

₹567.21

RVNL Share Price Target 2026

MonthLower TargetsHigher Targets
January₹562.99₹602.37
February₹557.87₹600.03
March₹564.23₹607.27
April₹584.27₹631.74
May₹595.98₹643.71
June₹608.13₹662.79
July₹619.45₹675.73
August₹632.86₹688.70
September₹647.43₹710.43
October₹657.04₹719.82
November₹676.23₹741.08
December₹685.04₹753.20

RVNL Share Price Target 2027 Month Wise

Month

Lower Targets

Higher Targets

January

₹720.41

₹793.17

February

₹716.53

₹790.74

March

₹721.68

₹798.85

April

₹741.83

₹822.14

May

₹754.31

₹839.39

June

₹766.67

₹850.79

July

₹775.96

₹862.98

August

₹789.82

₹885.49

September

₹805.00

₹902.47

October

₹813.25

₹915.62

November

₹834.23

₹937.81

December

₹842.61

₹951.77

RVNL Share Price Target 2028

Month

Lower Targets

Higher Targets

January

878.61

988.65

February

873.94

989.69

March

878.67

998.37

April

897.68

1,021.25

May

912.54

1,038.82

June

923.40

1,059.05

July

934.08

1,069.12

August

947.87

1,085.18

September

962.65

1,102.10

October

973.67

1,120.19

November

991.15

1,143.31

December

999.62

1,153.71

RVNL Share Price Target 2029

Month

Lower Targets

Higher Targets

January

1015

1170

February

10031181

March

9901189

April

9971201

May

11101212

June

11211250

July

11291268

August

11351275

September

11411300

October

11451313

November

11511325

December

11591339

RVNL Share Price Target 2030

Month

Lower Targets

Higher Targets

January

1170

1351

February

11811368

March

11891384

April

11951400

May

12081411

June

12251426

July

12481450

August

12701468

September

12811483

October

12891500

November

13011516

December

13161532

Official Website – rvnl.org

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