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HomeSHARE MARKETDon't Ignore This ₹243 Railway Share; Rs 2,093 Crore Huge Order; Expected...

Don’t Ignore This ₹243 Railway Share; Rs 2,093 Crore Huge Order; Expected To Rise Further

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Rail Vikas Nigam Ltd (NSE: RVNL): After Rail Vikas Nigam Ltd received four consecutive orders worth Rs 2,093 crore, shares of this railway company share reached at Rs 243.96 in Tuesday trading session. This stock has delivered multibagger returns of 281.47 percent to its investors in just one year.

The market cap of Rail Vikas Nigam is Rs 51,781 crore. Shares of Rail Vikas Nigam Limited rose by 5 percent to reach a high of Rs 258.00 at the beginning of Monday’s trading session. However, the closing took place at a slightly lower level.

Such a rise in the share price was seen after the company received several orders worth Rs 2,093 crore. On March 7, the company received an LOA from Madhya Pradesh Purvkshetra Vidyut Vitaran Company Limited, Jabalpur.

The company was awarded the contract to supply and install, as well as test and commissioning of 11KV line-related work like 11 KV line bifurcation, 11KV line interconnection, 11KV line conductor augmentation LT AB cabling augmentation and conversion of LT conductor bare into AB cabling.

Improvement-Based and Results-Linked, Delivering Area (Package-11) within Jabalpur (City), Jabalpur (O&M), Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur and Umaria circles of MPPKVVCL.

In addition, the company received a Letter of Award (LOA) from the Himachal Pradesh State Electricity Board to develop Distribution infrastructure within the Northern region of the state under the Revised Reform-based and Result-Linked Sector Plan (Loss Reduction Actions). 

Estimated cost for the entire project to be the sum of Rs 409.65 crore. The project is to be completed within 24 months.

Apart from this, the company has also received an order worth Rs 888.56 crore for the southern region of Himachal Pradesh.

In a different exchange filing on March 9, the company was awarded an LOA of 543 crores in the form of Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) as part of the form of a Joint Venture (JV) along with URC.

About Rail Vikas Nigam Ltd Company 

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 Rail Vikas Nigam Ltd 

Market Cap₹ 50,541 Cr.
Current Price₹ 243
52-wk High₹ 346
52-wk Low60.3
Stock P/E34.7
Book Value₹ 37.9
Dividend0.88 %
ROCE17.8 %
ROE20.8 %
Face Value₹ 10.0
P/B Value6.36
OPM6.08 %
EPS₹ 6.98
Debt₹ 5,981 Cr.
Debt to Equity0.76

Rail Vikas Nigam Ltd (RVNL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 254₹ 310
2025₹ 380₹ 422
2026₹ 480₹ 525
2027₹ 600₹ 634
2028₹ 750₹ 800
2029₹ 860₹ 980
2030₹ 1050₹ 1200
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Rail Vikas Nigam Ltd Shareholding Pattern

Promoters Holding
Dec 202272.84%
Mar 202372.84%
June 202372.84%
Sept 202372.84%
Dec 202372.84%
FII Holding
Dec 20222.45%
Mar 20231.53%
June 20231.75%
Sept 20232.32%
Dec 20232.59%
DII Holding
Dec 20226.45%
Mar 20236.51%
June 20235.75%
Sept 20235.83%
Dec 20236.08%
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Public Holding
Dec 202212.92%
Mar 202313.76%
June 202314.30%
Sept 202319.01%
Dec 202318.50%

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
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Last 5 Years’ Debt-To-Equity Ratio:

20190.69
20200.83
20211.02
20221.03
20230.87

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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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