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HomeSHARE MARKETIPO Was Only ₹19; But Now Price Was ₹246; Bumper 1150% Return...

IPO Was Only ₹19; But Now Price Was ₹246; Bumper 1150% Return Railway Share

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Multibagger penny stock: There are shares of many companies related to railways that have given multibagger returns to investors. Rail Vikas Nigam Ltd (NSE: RVNL) is another example of such a share.

The IPO of the company launched in March 2019. The price range for this IPO was Rs 17 to Rs 19. 

The flat listing of this IPO took place on 11 April 2019. However, if the investors who were allotted IPO had held till now, the money would have increased by 1150 percent in about five years.

What Is The Current Share Price?

On Friday, last week, the share price of RVNL was around Rs 246. This PSU stock of Railways has looked sluggish in the last month. 

However, RVNL’s share price has increased from approximately ₹182 per share to ₹246 per share in the YTD period. A rise of about 35 percent has been recorded during this period. 

RVNL’s share price has increased from approximately ₹165 to ₹246 per share levels in the last six months, showing a growth of 50 percent in this period. This multibagger stock rose from around ₹62 to ₹246 per share in the last year. 

During this period it has increased by 300 percent. After the listing, Multibagger Railway stock has increased by ₹19 to ₹246 per share.

This represents an increase of 1150 percent in approximately five years.

₹1 Lakh Became ₹12.50 Lakh

The amount an investor would have received if he had invested Rs. 1 lakh into RVNL shares in the new year of 2024 was Rs. 1.35 lakh. If an investor invested Rs 15,000 in RVNL shares 6 months ago, that Rs 15,000 would have become Rs1,505,000 today.

If an investor invested Rs1 lakh a year earlier in RVNL shares, the money would have grown to Rs 4 lakh. If an investor had purchased shares worth ₹ 1 lakh of RVNL at the time of share listing and has maintained the hold, then ₹ 1 lakh would have converted into ₹ 12.50 lakh today.

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₹ 51,198 Cr.
Current Price₹ 246.90
52-wk High₹ 346
52-wk Low63.5
Stock P/E35.2
Book Value₹ 37.9
Dividend0.87 %
ROCE17.8 %
ROE20.8 %
Face Value₹ 10.0
P/B Value6.47
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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