NSE: RVNL | BSE: 542649

Expensive Performer

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227.40 0.43 (0.19%)

Near 52W Low of ₹221.55

2.9M NSE+BSE Volume

NSE 16 Jul, 2026 12:58 PM (IST)

47,413.4

Market Cap

High in industry

Beta 1Year

Very High Volatility

Rail Vikas Nigam Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RVNL, BSE:542649 Rail Vikas Nigam Ltd.

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Rail Vikas Nigam Ltd.

27 May 2026

227.40

0.19%

Rail Vikas Nigam (RVNL IN) Q4FY26 Result Update Weak margins; valuation remains elevated SELL

Sell: Rail Vikas Nigam Ltd.

Prabhudas Lilladhar

Profitability under pressure: Q4FY26 revenue grew 6% YoY, but EBITDA margin declined to 4.0% Execution visibility intact with Order book at Rs993bn (~4.9x revenue), valuation limits upside Rail Vikas Nigam (RVNL) reported a weak Q4FY26 performance, with modest revenue growth of 6% YoY offset by a sharp decline in profitability as EBITDA margin contracted to 4.0% (vs 6.0% YoY and 4.7% QoQ). As per RVNL, Margin pressure was driven by nonrecurring factors: an onerous contract provision, JV reconciliation adjustments. Management expects underlying profitability to improve in FY27E versus the reported...

Rail Vikas Nigam has lost -20.78% in the last 3 Months

Rail Vikas Nigam Ltd.

13 Nov 2025

227.40

0.19%

Rail Vikas Nigam (RVNL): Q2FY26 Result Review

Hold: Rail Vikas Nigam Ltd.

Target

IDBI Capital

RVNL posted a disappointing Q2FY26, with weak profitability and cash flow offsetting modest revenue growth. Revenue from operations rose only 1% YoY to Rs49.3bn vs Rs48.7bn in Q2FY25 despite a healthy 26% QoQ rebound from the muted Rs39.2bn in Q1FY26. However, margins deteriorated sharply: EBITDA slipped to an estimated Rs3.9bn, translating to a 7.9% margin, down 120 bps YoY as cost pressures persisted and lower-margin EPC contracts formed a greater revenue share. PBT dropped 27% YoY to Rs3.bn, while PAT plunged 35% YoY to Rs1.9bn, with EPS falling to Rs0.94 vs Rs1.45 YoY. On the positive side,...

Rail Vikas Nigam has lost -20.78% in the last 3 Months

Rail Vikas Nigam Ltd.

13 Aug 2025

227.40

0.19%

Rail Vikas Nigam: Q1FY26 Result Review

Hold: Rail Vikas Nigam Ltd.

Target

IDBI Capital

RVNL's Q1FY26 performance was subdued, with consolidated revenue from operations at Rs39bn, down 4.1% YoY and 39.2% QoQ, and total income at Rs41bn, reflecting a 4.6% YoY and 37.5% QoQ decline. Expenses remained broadly flat YoY at Rs40bn but fell 35.1% sequentially, while PBT dropped sharply to Rs2bn (42.5% YoY; 68.3% QoQ) and PAT contracted to Rs1.3bn (40.0% YoY; 70.7% QoQ), with EPS at Rs0.65 versus Rs1.07 last year and Rs2.20 in Q4. The quarter saw meaningful margin compression, driven by a weaker revenue mix, lower Ministry of Railways income, and one-off expenses,...

Rail Vikas Nigam Ltd. has an average target of 249.50 from 2 brokers.

Rail Vikas Nigam Ltd.

11 Nov 2024

227.40

0.19%

Rail Vikas Nigam: Q2FY25 Result Review

Hold: Rail Vikas Nigam Ltd.

Target

IDBI Capital

Rail Vikas Nigam Ltd. is trading below all available SMAs

Rail Vikas Nigam Ltd.

21 May 2024

227.40

0.19%

Rail Vikas Nigam: Q4FY24 Result Review

Hold: Rail Vikas Nigam Ltd.

Target

IDBI Capital

Rail Vikas Nigam has lost -20.78% in the last 3 Months

Rail Vikas Nigam Ltd.

12 Feb 2024

227.40

0.19%

Rail Vikas Nigam: Q3FY24 Result Review

Hold: Rail Vikas Nigam Ltd.

Recommendation Target

IDBI Capital

Rail Vikas Nigam has lost -32.78% in the last 6 Months

Rail Vikas Nigam Ltd.

12 Aug 2022

227.40

0.19%

Rail Vikas Nigam: Q1FY23 Result Review

Buy: Rail Vikas Nigam Ltd.

Recommendation Target

IDBI Capital

Rail Vikas Nigam Ltd. has an average target of 249.50 from 2 brokers.

Rail Vikas Nigam Ltd.

01 Jul 2021

227.40

0.19%

Rail Vikas Nigam: Q4FY21 Result Review

Accumulate: Rail Vikas Nigam Ltd.

IDBI Capital

Rail Vikas Nigam (RVNL) Q4FY21 EBITDA was better than our estimate. For FY21 execution (revenue) increased by +6% YoY and EBITDA margin increased by 30bps YoY to 5.7%. RVNL has reported loss from its associate company at Rs4mn and losses has reduced from Rs166mn YoY. PAT increased by +22% YoY and was driven by higher other income. Post the result we have increased EPS by 9%/7% for FY22/23E and revised TP to Rs36 (valued at 7x FY23E EPS). But given uptick in the stock price we downgrade the rating to ACCUMULATE from BUY. FY21 Orderbook at Rs750bn provides revenue visibility for the next 4 years but company has received negligible orders in...

Rail Vikas Nigam Ltd. has an average target of 249.50 from 2 brokers.

Rail Vikas Nigam Ltd.

06 Jan 2021

227.40

0.19%

Quick Insight : Rail Vikas Nigam Ltd. (RVNL) - 06 January 2021

Buy: Rail Vikas Nigam Ltd.

Way2Wealth

Registered Office:Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020,...

Rail Vikas Nigam Ltd. has an average target of 249.50 from 2 brokers.

Rail Vikas Nigam Ltd.

28 Mar 2019

227.40

0.19%

RR280320192A8F7.pdf

IPO Note: Rail Vikas Nigam Ltd.

BP Wealth

Rail Vikas Nigam limited (RVNL) incorporated in 2003 by Ministry of Railways (MoR) , is a wholly owned government company, a Miniratna (Category 1) Schedule A' Central Public sector Enterprise. The company focuses on 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. The company operates at all stages of project management which includes designing ,estimating and contract management etc. The company has undertaken projects across different states spanning Maharashtra, Orissa, Madhya Pradesh, Punjab,...

Rail Vikas Nigam has lost -40.65% in the last 1 Year

VOTE: Is Rail Vikas Nigam Ltd. worth buying?

1665 Votes:

Buy 74.77%

Sell 10.93%

Hold 14.29%

RESEARCH REPORTS

Sell SEE REPORTS >

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Hold SEE REPORTS >

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