RVNL

Rail Vikas share price & results

Rail Vikas· Construction· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

PSU that executes Indian Railways projects: new lines, doubling, electrification, metros, workshops, turnkey.

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Guidance Hit Rate
17 targets · 17% hit rate 1 achieved · 11 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹201.7 +3.84% · +₹7.46

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −36.6% 1Y

₹200₹250₹300₹350₹400Nov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹318 on 7 Nov 2025 → ₹201.7. High ₹387.95 (26 Dec 2025), low ₹179.67 (30 Oct 2026).

Previous close
₹194.24
Market cap
₹42.1k Cr
52-week range
₹179.67 – ₹387.95
One year
−36.15%
Price to earnings (TTM to Jun 2026)
46.68×
Return on equity (TTM to Jun 2026)
9.29%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue4,321 ₹ crore+10.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin4.3 %+2.9 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit160 ₹ crore+19.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity9.29 %−4.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-9.54 %−16.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)5.40 %+11.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 6 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Rail Vikas management guidance track record on Inve: 17 targets tracked across analysed earnings calls (1 achieved, 5 missed, 11 open).

Watch execution in Growth & Demand (1 achieved · 2 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth FY26 Full Year Revenue
exceed last year's revenue
Call transcript, Q1 FY26 · 12 Aug 2025
Q1 FY26
Q1 FY27:Promise concluded in Q4 FY26 with an 'achieved' verdict.
Call transcript, Q1 FY27 · 13 Aug 2026
Achieved
Growth Vande Bharat Trains Produced in FY27
at least 6-8 Vande Bharat trains
Call transcript, Q1 FY26 · 12 Aug 2025
Q1 FY26
Q1 FY27:No new update on the volume for FY27. The guidance from Q4 FY26 for 5 sets in the first year post-prototype (Dec 2026) remains the latest information.
Call transcript, Q1 FY27 · 13 Aug 2026
Ghosted
Growth FY27 Revenue Growth
at least 10%
Call transcript, Q2 FY26 · 12 Nov 2025
Q2 FY26
Q1 FY27:Guidance narrowed to 'around 15%' from the previous '15-20%' range provided in Q4 FY26.
Call transcript, Q1 FY27 · 13 Aug 2026
Diluted

Source: Inve Guidance Tracker for Rail Vikas · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Rail Vikas's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Live Summary

RVNL ₹201.7 +3.84%
Guidance Verdict (17 tracked) 1 kept · 11 open· 5 missed
AI Call Brief · Q1 FY27

Rail Vikas Q1 FY27

Overview

Symbol
NSE:RVNL
Industry
Industrials
Exchange
NSE
Currency
INR

What Rail Vikas does

Based on the company's own presentations, annual report and earnings calls.

Rail Vikas Nigam Limited (RVNL) is a Ministry of Railways public sector undertaking that executes railway infrastructure projects across India on a turnkey, concept-to-commissioning basis, spanning new line construction, doubling of existing lines, gauge conversion, railway electrification, metropolitan transport/metro systems and workshop or production-unit construction. It earns a consolidated management and supervision fee calculated on total project expenditure (project debt is raised from Indian Railway Finance Corporation but serviced by the Ministry of Railways rather than RVNL). RVNL also promotes project-specific special purpose vehicles with railway administrations and private partners to develop railway infrastructure, and undertakes projects both directly assigned by the Ministry of Railways and won through competitive bidding, including select overseas assignments.

Segments

  • New Lines
  • Doubling of Lines
  • Gauge Conversion
  • Railway Electrification
  • Metropolitan Transport Projects
  • Workshops
  • Other Services
Railway infrastructure commissioned
15,120+ km
Indian Railway projects commissioned
121 (as of Sep 30, 2022)
Projects in order book
79 projects (66 Ministry of Railways-assigned + 13 won via bidding)
Project Implementation Units
38 units across 26 locations
Railway workshop/production units built
15, across the country
Wholly-owned subsidiary
HSRC Infra Services Limited
Founded 2003Headquarters New Delhi, IndiaEmployees 515 (September 30, 2022) Company website

How the price took the results

Moved an average of ±1.7% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2713 Aug 264,321 160+10.5%₹230 → ₹228.15−0.8%
Q4 FY2626 May 266,696 182+4.2%₹272.45 → ₹259.75−4.7%
Q3 FY266 Feb 264,684 324+2.6%₹316.6 → ₹314.1−0.8%
Q2 FY2612 Nov 255,123 231+5.5%₹317.75 → ₹316.35−0.4%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹22,067 Cr Mkt Cap
₹0 Cr₹2.5L Cr₹5.0L Cr₹7.5L CrRail Vikas (RVNL): ₹42,055 Cr₹42,055 CrRVNLLarsen & Toubro Limited (LT): ₹5.8L Cr₹5.8L CrLTCemindia Projects Limited (CEMPRO): ₹24,113 Cr₹24,113 CrCEMPROKalpataru Projects International Limited (KPIL): ₹23,404 Cr₹23,404 CrKPILIRB Infrastructure Developers Limited (IRB): ₹22,067 Cr₹22,067 CrIRBNBCC (India) Limited (NBCC): ₹21,708 Cr₹21,708 CrNBCCEngineers India Limited (ENGINERSIN): ₹16,909 Cr₹16,909 CrENGINERSINCentral Mine Planning & Design Institute Limited (CMPDI): ₹13,060 Cr₹13,060 CrCMPDIITD Cem (ITDCEM): ₹12,705 Cr₹12,705 CrITDCEM

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Quick Answers

Frequently asked questions on Rail Vikas

Compiled directly from RVNL's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Rail Vikas (RVNL) perform in its latest reported quarter (Jun 2026)?

For the quarter ended Jun 2026, Rail Vikas reported revenue of ₹4.3k Cr, net profit of ₹160 Cr, an operating margin of 4.3%. Diluted earnings per share stood at ₹0.76.

How is Rail Vikas (RVNL) valued today, and what growth does the stock price imply?

Rail Vikas (RVNL) trades at ₹201.7, with a market capitalization of ₹42.1k Cr.

Who owns Rail Vikas (RVNL) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 72.8%, FIIs hold 2.4%, DIIs hold 6.2%, Public shareholders hold 18.6%.

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