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HomeSHARE MARKET3 Big Orders Received In A Single Day; ₹252 Railway Share; Know...

3 Big Orders Received In A Single Day; ₹252 Railway Share; Know The Share Target Price

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Rail Vikas Nigam Ltd (NSE: RVNL): Today, in this post we’ll discuss about RVNL latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Shares of railway company Rail Vikas Nigam Limited (RVNL) may see a stormy rise on Monday. The railway company has received 3 big orders in a single day. 

Rail Vikas Nigam Limited has been named the cheapest bidder for three orders. One of these orders is from the joint venture (JV) formed with Salasar Techno Engineering. 

Rail Vikas Nigam has stated this in its exchange filing. The shares of the company closed at 252.95 on BSE on the last trading day.

Details Of Orders Received By The Railway Company

Rail Vikas Nigam Limited (RVNL) has got the first contract from South Eastern Railway. This order is linked to the development and supply of equipment, as well as the testing and commissioning of the electric traction device.

This contract is worth Rs 148.26 crore and is to be completed in 18 months. In addition, Rail Vikas Nigam has been crowned the lowest bidder on this project. North-East Frontier Railway Project.

This contract is worth Rs 95.95 crore. This project is to be completed in the next 240 days.

RVNL’s Joint Venture Got This Big Order

Apart from this, the joint venture of Rail Vikas Nigam Limited and Salasar Techno Engineering has won a contract from Energy Development Corporation Limited. 

In this contract, the company has to do plant design, supply, and installation of 45.8km. The total value of this contract is $ 7.15 million. Rail Vikas Nigam has a 49% stake in this joint venture.

Rail Vikas Shares Rose 277% In 1 Year

Shares of Rail Vikas Nigam Limited have experienced a rapid increase in just one year. The company’s shares have increased by over 277% within the past year.

The shares of Rail Vikas Nigam Limited were at 67.07 on March 29, 2023. The shares of the company closed with a price of Rs 252.95 on March 28, 2024.

In the past six months, the rail company’s share prices have risen by nearly 50%. The 52-week peak of shares in the company is 345.60. In the same way, the 52-week low of shares held by the company is 64.66.

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₹ 52,730 Cr.
Current Price₹ 253
52-wk High₹ 346
52-wk Low₹ 67.3
Stock P/E36.2
Book Value₹ 37.9
Dividend0.84 %
ROCE17.8 %
ROE20.8 %
Face Value₹ 10.0
P/B Value6.67
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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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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