Rail Vikas Nigam Limited

About

Rail Vikas Nigam Limited, together with its subsidiaries, engages in rail infrastructure works in India and internationally. The company undertakes rail project development and implementation, as well as provides financial resources mobilization services. It also executes various railway projects, including new lines, doubling, gauge conversion, railway electrification, workshops, bridge work, mega and monumental bridges, metro and metropolitan transport projects, new lines, hilly railway projects, construction of cable stayed bridges, institutional buildings, track renewal, training institutes, railway and other safety works, traffic facilities, and road over bridges, etc. In addition, the company engages in civil engineering; equipment and engine; installation of solar energy systems, and electricity transmission and control apparatus; installation and maintenance of underwater telecommunications and power cables; contracting of electrical fittings, ports and marine construction, bridges and dams, and tunnels; construction and reconstruction; tourism sector engagement; business planning and implementation; consulting; construction of rail links, subways, irrigation systems, canals, water main storage towers, transmission lines, and feeder bays; installation, maintenance, and repair of solar energy collectors; multimodal logistics park; and operation and maintenance of railway facilities. It serves Indian Railways, various central and state government ministries, departments, and public sector undertakings. Rail Vikas Nigam Limited was incorporated in 2003 and is based in New Delhi, India.

Key Metrics

as of Sep 2026

Market Cap44,262 Cr

P/E49.20

Div Yield0.80 %

Book Value₹47.10

52w High₹401.00

52w Low₹204.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	4,303.00	6,648.00	4,504.00	4,935.00	3,925.00	6,345.00	4,591.00	4,869.00	4,064.00	6,701.00	4,676.00	4,910.00	5,446.00
Expenses	4,131.00	6,428.00	4,274.00	4,723.00	3,846.00	5,955.00	4,328.00	4,597.00	3,888.00	6,246.00	4,430.00	4,613.00	5,099.00
Operating Profit	172.00	220.00	230.00	211.00	79.00	390.00	263.00	273.00	176.00	455.00	246.00	297.00	348.00
OPM %	4.00	3.30	5.00	4.30	2.00	6.00	6.00	6.00	4.30	7.00	5.00	6.00	6.00
Other Income	152.00	167.00	235.00	203.00	201.00	193.00	284.00	280.00	262.00	279.00	326.00	296.00	280.00
Depreciation	10.00	10.00	9.00	9.00	9.00	9.00	7.00	7.00	7.00	4.00	5.00	6.00	5.00
Interest	97.00	97.00	104.00	100.00	108.00	117.00	145.00	141.00	137.00	151.00	139.00	133.00	146.00
Profit before tax	217.00	281.00	352.00	306.00	163.00	457.00	395.00	405.00	294.00	579.00	429.00	455.00	477.00
Tax %	28.00	24.00	25.00	36.00	22.00	18.00	25.00	25.00	26.00	25.00	24.00	19.00	30.00
Net Profit	156.00	212.00	264.00	196.00	128.00	373.00	295.00	303.00	218.00	433.00	326.00	370.00	334.00
EPS in Rs	0.75	1.02	1.27	0.94	0.61	1.79	1.41	1.45	1.04	2.08	1.56	1.77	1.60

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	20,012.00	19,869.00	21,733.00	20,282.00	19,382.00	15,404.00	14,531.00	10,060.00	7,557.00	5,915.00	4,540.00	3,147.00
Expenses	19,263.00	18,765.00	20,386.00	19,037.00	18,200.00	14,524.00	13,744.00	9,529.00	7,174.00	5,633.00	4,322.00	3,001.00
Operating Profit	749.00	1,104.00	1,346.00	1,244.00	1,182.00	880.00	787.00	531.00	383.00	282.00	217.00	146.00
OPM %	3.70	6.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	4.80	4.80	4.60
Other Income	806.00	1,019.00	1,183.00	1,004.00	809.00	757.00	266.00	285.00	231.00	248.00	180.00	123.00
Interest	417.00	542.00	568.00	581.00	564.00	458.00	41.00	52.00	45.00	35.00	23.00	15.00
Depreciation	36.00	31.00	21.00	22.00	21.00	23.00	20.00	6.00	5.00	5.00	5.00	5.00
Profit before tax	1,102.00	1,550.00	1,939.00	1,644.00	1,406.00	1,156.00	991.00	758.00	564.00	489.00	370.00	248.00
Tax %	27.00	23.00	25.00	23.00	23.00	19.00	20.00	20.00	17.00	20.00	19.00	16.00
Net Profit	800.00	1,189.00	1,463.00	1,268.00	1,087.00	941.00	790.00	607.00	470.00	389.00	300.00	209.00
EPS in Rs	3.84	5.70	7.02	6.08	5.22	4.51	3.79	2.91	2.25	1.87	1.44	1.00
Dividend Payout %	45.00	30.00	30.00	35.00	35.00	35.00	30.00	31.00	36.00	76.00	12.00	15.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00	2,085.00
Reserves	6,778.00	6,539.00	5,782.00	4,394.00	3,546.00	2,881.00	2,415.00	1,654.00	1,266.00	998.00	919.00	675.00
Borrowings	4,782.00	5,419.00	6,033.00	6,441.00	6,643.00	5,931.00	4,257.00	3,024.00	2,259.00	2,437.00	2,624.00	2,514.00
Other Liabilities	6,943.00	5,441.00	4,834.00	4,661.00	7,104.00	2,654.00	3,019.00	4,669.00	2,101.00	2,837.00	16,153.00	10,558.00
Total Liabilities	20,588.00	19,485.00	18,734.00	17,581.00	19,379.00	13,550.00	11,775.00	11,432.00	7,712.00	8,357.00	21,781.00	15,832.00
Fixed Assets	1,025.00	1,027.00	366.00	355.00	379.00	292.00	305.00	279.00	249.00	8.00	6.00	6.00
CWIP	0.00	0.00	94.00	1.00	1.00	53.00	25.00	11.00	21.00	13.00	6.00	2.00
Investments	1,898.00	1,764.00	1,611.00	1,187.00	1,163.00	1,060.00	969.00	929.00	659.00	615.00	605.00	595.00
Other Assets	17,665.00	16,693.00	16,663.00	16,039.00	17,835.00	12,145.00	10,476.00	10,212.00	6,783.00	7,722.00	21,164.00	15,229.00
Total Assets	20,588.00	19,485.00	18,734.00	17,581.00	19,379.00	13,550.00	11,775.00	11,432.00	7,712.00	8,357.00	21,781.00	15,832.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-1,918.00	1,923.00	2,939.00	-4,028.00	4,806.00	419.00	-962.00	-695.00	-365.00	519.00	666.00	124.00
Cash from Investing Activity	973.00	1,582.00	-1,433.00	1,314.00	-1,463.00	310.00	124.00	320.00	36.00	23.00	88.00	-40.00
Cash from Financing Activity	-1,652.00	-1,487.00	-1,287.00	-1,048.00	-189.00	416.00	827.00	319.00	-581.00	-668.00	-182.00	-152.00
Net Cash Flow	-2,597.00	2,017.00	220.00	-3,762.00	3,154.00	1,144.00	-11.00	-56.00	-910.00	-126.00	571.00	-68.00
Free Cash Flow	-1,977.00	1,491.00	2,614.00	-4,089.00	4,690.00	276.00	-983.00	-721.00	-456.00	341.00	648.00	114.00
CFO/OP %	-219.00	216.00	252.00	-293.00	432.00	65.00	-104.00	-101.00	-67.00	223.00	341.00	119.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	99.00	33.00	19.00	17.00	18.00	23.00	21.00	23.00	35.00	30.00	38.00	22.00
Cash Conversion Cycle	99.00	33.00	19.00	17.00	18.00	23.00	21.00	23.00	35.00	30.00	38.00	22.00
Working Capital Days	99.00	39.00	35.00	49.00	15.00	129.00	122.00	100.00	70.00	21.00	65.00	273.00
ROCE %	11.00	15.00	19.00	18.00	17.00	16.00	13.00	13.00	11.00	9.00	7.00	3.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	72.84	72.84	72.84	72.84	72.84	72.84	72.84	72.84	72.84	72.84	72.84	72.84
FIIs	2.41	4.86	4.97	4.66	4.89	5.07	5.10	5.05	3.13	2.32	2.59	2.32
DIIs	6.60	6.42	6.37	6.39	6.38	6.21	6.16	6.33	6.77	6.18	6.08	5.83
Public	18.15	15.87	15.79	16.08	15.89	15.87	15.89	15.78	17.25	18.66	18.50	19.01
No. of Shareholders	2,210,914	2,190,491	2,207,488	2,279,946	2,290,745	2,371,568	2,317,903	2,296,188	2,074,709	1,844,551	1,397,699	1,341,098

Corporate Actions

12 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	18 Aug 2026	18 Aug 2026	—	0.71
Dividend	11 Feb 2026	11 Feb 2026	—	1.00
Dividend	21 Aug 2025	21 Aug 2025	—	1.72
Dividend	23 Sep 2024	—	—	2.11
Dividend	20 Sep 2023	—	—	0.36
Dividend	06 Apr 2023	06 Apr 2023	—	1.77
Dividend	22 Sep 2022	—	—	0.25
Dividend	24 Mar 2022	25 Mar 2022	—	1.58
Dividend	30 Nov 2021	—	—	0.44
Dividend	08 Apr 2021	09 Apr 2021	—	1.14
Dividend	08 Dec 2020	09 Dec 2020	—	1.14
Dividend	06 Sep 2019	10 Sep 2019	—	0.09