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Massive 543 Crore: ₹237 Railway Stock Got Order From Metro Rail Corporation; Know Target Price

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Rail Vikas Nigam Ltd (NSE: RVNL): Rail Vikas Nigam Limited has received a big order for a metro project in Madhya Pradesh. The company had informed in December last year that the bid of its joint venture had proved to be the lowest bid for this project. 

Now on March 9, the company has informed that it has received a Letter of Acceptance from Madhya Pradesh Metro Rail Corporation. The bid for this project was given through the joint venture of RVNL and URC. 

RVNL’s stake in the JV is 51 percent. The cost of this project is Rs 543 crore and the company has to complete this project in about 3 years.

Company Received Many More Orders This Week

The company informed this week that it has received many orders from Himachal Pradesh State Electricity Board and Madhya Pradesh East Region Electricity Distribution Company Limited.

The company has received a total order worth Rs 254 crore in Jabalpur, Madhya Pradesh. 

An order has been received from the Himachal Pradesh State Electricity Board to prepare distribution infrastructure in South Zone and North Zone. The value of these two orders is Rs 888 crore and Rs 410 crore.

Stock Has Given Strong Returns

Due to continuous orders, sentiments among investors regarding the company have become very strong. This is why the stock has delivered investors a wealth of returns over the past year. 

RVNL stock has increased by 267 percent in one year. However, the amount of money invested in stocks has grown seven times more than three years.

The stock’s return in 3 months has been 40 percent. After a long period of strong growth, now the stock has seen softness.

The stock has fallen more than 15 percent in the last month. The stock has fallen by more than 2 percent in a week.

About Rail Vikas Nigam Ltd

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₹ 49,613 Cr.
Current Price₹ 238
52-wk High₹ 346
52-wk Low₹ 60.3
Stock P/E34.1
Book Value₹ 37.9
Dividend0.90 %
ROCE17.8 %
ROE20.8 %
Face Value₹ 10.0
P/B Value6.27
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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