Rail Vikas Nigam Ltd Stock Analysis

BSE: 542649 | NSE: RVNL | Engineering - Construction | Mid Cap

BSE Share Price 06-Dec-2022 09:55
72.20 0.80 (1.12%)

DeciZen - Make an Informed Decision on Rail Vikas Nigam

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rail Vikas Nigam Price Chart

P/E Ratio (CD) :
11.03
Market Cap :
14,887 Cr.
52-wk low :
29
52-wk high :
84.2
Bole Toh?

1. Is Rail Vikas Nigam Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rail Vikas Nigam Ltd is a below average quality company.

2. Is Rail Vikas Nigam Ltd undervalued or overvalued?

The key valuation ratios of Rail Vikas Nigam Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Rail Vikas Nigam Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Rail Vikas Nigam Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Rail Vikas Nigam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rail Vikas Nigam Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%2.2%2.3%3.5%10.9%11.1%9.5%12.4%12.8%-
Value Creation Index NANA-0.8-0.8-0.7-0.2-0.2-0.3-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 003,4484,7365,9207,59710,06914,53115,40419,38221,036
YoY Gr. Rt. %-NANA37.4%25%28.3%32.5%44.3%6%25.8%-
Adj EPS 001.622.12.73.33.64.85.76.5
YoY Gr. Rt. %-NANA26.5%7.1%29.1%20.3%11.4%31.1%19.1%-
BVPS (₹) 0014.515.817.118.821.124.62730.733.7
Adj Net Profit 003234084395656797579921,1831,349
Cash Flow from Ops. 00-2,295-3,466278-363-695-9624194,800-
Debt/CF from Ops. 00-5.3-5.18.8-6.2-4.7-4.714.11.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA26.8%24.4%25.8%
Adj EPS NA22%20.3%19.1%
BVPS 012.413.313.5
Share Price - - 45.2% 113%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0010.712.912.815.116.315.918.419.720.1
Op. Profit Mgn % 009.37.84.655.35.45.76.16.3
Net Profit Mgn % 009.48.66.56.15.85.36.46.16.4
Debt to Equity 0045.30.70.60.80.91.110.8
Working Cap Days 0001,245717250268238235201197
Cash Conv. Cycle 0001,036496382071014141

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.10%

Sales growth is growing at healthy rate in last 3 years 24.40%

Net Profit is growing at healthy rate in last 3 years 20.26%

Sales growth is good in last 4 quarters at 23.14%

Debt to equity has increased versus last 3 years average to 1.03

Latest Financials - Rail Vikas Nigam Ltd.

Standalone Consolidated
TTM EPS (₹) 5.9 6.5
TTM Sales (₹ Cr.) 21,036 21,036
BVPS (₹.) 29.5 33.7
Reserves (₹ Cr.) 4,075 4,938
P/BV 2.42 2.12
PE 12.05 11.03
From the Market
52 Week Low / High (₹) 29.00 / 84.15
All Time Low / High (₹) 10.20 / 84.15
Market Cap (₹ Cr.) 14,887
Equity (₹ Cr.) 2,085
Face Value (₹) 10
Industry PE 27.5

Management X-Ray of Rail Vikas Nigam :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Rail Vikas Nigam

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Rail Vikas Nigam Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rail Vikas Nigam on 06-Dec-2022 09:55 is : 72.20.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 09:55 the market cap of Rail Vikas Nigam stood at ₹ 14,887.
The latest PE ratio of Rail Vikas Nigam as of 06-Dec-2022 09:55 is 12.05.
The latest PB ratio of Rail Vikas Nigam as of 06-Dec-2022 09:55 is 2.42
The 52-week high of Rail Vikas Nigam is ₹ 84.15 and the 52-week low is ₹ 29.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rail Vikas Nigam is ₹ 21,036 ( Cr.) .

About Rail Vikas Nigam Ltd

To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announced National Rail Vikas Yojana (NRVY) on August 15, 2002 in his address from the Red Fort. NRVY was formally launched by Hon’ble PM on December 26, 2002. To implement NRVY, Rail Vikas Nigam Ltd (RVNL) was incorporated as an 100% owned PSU of Ministry of Railways (MoR) on January 01, 2003 with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis. RVNL became fully functional by March 2005.

RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of MoR. It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable. RVNL’s mandate includes mobilization of extra budgetary resources through a mix of equity, and debt from banks, financial institutions, multilateral agencies like Asian Development Bank and bilateral agencies for project execution through PPP by formation of project specific SPVs for Port and Hinterland connectivity. RVNL can enter into and carry on business relating to creation and augmentation of capacity of rail infrastructure on fast track.

In August 2004, it was decided that the issue of raising funds from the market to meet capital expenditure required for execution of projects by RVNL will be entrusted to IRFC. Accordingly, the focus of raising EBR for projects by RVNL has been on creation of project specific SPVs which are mentioned below.

  • RVNL has been granted Mini Ratna-I status on September 19, 2013.
  • The paid up Equity Capital of the company is Rs 2085 crore.

Business area of the company

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. It generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. and all stages of project execution upto the stage of commissioning of the new railway lines.

Awards and Recognition

  • 2012: ICI - UltraTech Endownment Award for Outstanding Concrete Structure of Kerala (Infrastructure) for ‘Rail Bridge to International Transshipment Terminal at Vallarpadam - Cochin’.
  • 2013: Awarded Miniratna Category - I status.
  • 2014: ICC-DPE PSE Excellence Award for CSR & Sustainability.
  • 2014: ICC-DPE PSE Excellence Award for Corporate Governance.
  • 2015: Governance Now PSU Award for overall financial performance in Miniratna Category.
  • 2016: Governance Now PSU Award for best overall performance in Miniratna Category.
  • 2017: Dun & Bradstreet PSU Award for best performance in the Contract & Construction Services.
  • 2018: Dun & Bradstreet PSU Award for best Miniratna in Services Category.
  • 2018: Dun & Bradstreet PSU Award for ‘Construction - Infrastructure Development (Railways).
  • 2018: Dun & Bradstreet Infra Award for ‘Construction of Venkatachalam Junction New Railway Line.

Major Events & Milestones

  • 2003: Incorporated as a public company.
  • 2003: Categorised as Schedule A company.
  • 2013: Granted Miniratna category-I status.
  • 2015: The company’s turnover crossed Rs 30,000 million.
  • 2017: The company’s turnover crossed Rs 50,000 million.
  • 2018: The company’s turnover crossed Rs 75,000 million.
  • 2019-20: The Government of India (i.e. Ministry of Railways) announced the divestment of its stake of 12.16% amounting to 25,34,57,280 equity shares of the paid-up equity share capital of the Company through Initial Public Offer (IPO).
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now