Rail Vikas Nigam Ltd
RVNLRail Vikas Nigam Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 74th percentile of its own range — the multiple has already done part of the work.
The price is in a downtrend (52 weeks in) while the P/E sits at the 74th percentile of its own 7-year range. Underneath, the last four quarters read deteriorating — profit −60.0% year on year, and 79% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Rail Vikas Nigam Ltd trades at ₹225, in a downtrend and 52 weeks into that stage. That is −21.1% against its own 200-day average. It sits at 1% of a 52-week range of ₹225 to ₹388. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (25 weeks and counting).
Today the stock is in a downtrend — week 52 of stage 4, confirmed. At ₹225 it trades −21.1% versus its 200-day average and sits at 1% of its 52-week range (₹225–₹388).
Against the market, two honest reads. Cumulative: over the last 7.3 years the stock moved +1,042% while the NIFTY 500 moved +140% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (25 weeks and counting; last ahead the week of 2026-02-27) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Rail Vikas Nigam Ltd trades at 53.8× P/E, at the pricey end of its own range (74th percentile). Its long-run median P/E is 10.0×, measured across 7.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 53.8× is at the pricey end of its own range (74th percentile), against a long-run median of 10.0× measured over 7.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −31.7% against a −34.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +50.1%/yr price move, ~−2.5%/yr came from earnings growth and ~+52.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Rail Vikas Nigam Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −31.8% latest against +24.6% at its 12-quarter best), ROCE slipping at 10.8%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +2.5% | +0.2% | +5.8% | +16.2% |
| Profit | −32.1% | −13.4% | −2.6% | +7.3% |
| EPS | −31.7% | −13.3% | −2.5% | +7.4% |
| Share price | −34.7% | +23.1% | +50.1% | — |
4-Factor Sector Score
35.4/100 — rank 15 of 17 in Infra - Construction & Contracting · 83% evidence confidence
Rail Vikas Nigam Ltd scores 35.4 out of 100 against the 17 companies it is compared with in Infra - Construction & Contracting, ranking 15. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 11.8 + 7.6 + 4.5 + 11.5 = 35.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Rail Vikas Nigam Ltd reported ₹6,696 Cr of revenue in the Mar 26 quarter, +4.2% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 16.2% a year. The last full year, FY26, came in at ₹20,412 Cr. The last four reported quarters add to ₹20,412 Cr.
FY26 revenue came in at ₹20,412 Cr (+2.5% on the year), capping 10 years at 16.2% compound. The latest quarter (Mar 26) printed ₹6,696 Cr, +4.2% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +2.0% growth against the decade's 16.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +2.5% over the last 4 quarters against −3.4%/yr over the last 8 — accelerating; TTM profit −31.8% vs −25.6%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Rail Vikas Nigam Ltd's operating margin is 4.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 3.8% to 6.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 4.0%, −3.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 3.8%–6.0%.
🚨 Why the margin moved: operating margin went −2.7 pp year on year while gross margin went −2.6 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Rail Vikas Nigam Ltd earned ₹182 Cr of net profit in the Mar 26 quarter, −60.0% year on year. Full-year FY26 profit was ₹871 Cr. The 10-year compound rate is 7.3%. That is 2.7% of the quarter's revenue. The same quarter a year earlier earned ₹455 Cr.
Mar 26 profit was ₹182 Cr, −60.0% year on year. On the full year, FY26 printed ₹871 Cr (−32.1%), and the 10-year compound rate is 7.3%.
🚨 Why profit moved: revenue contributed +4.2% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −29.0% vs revenue +2.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 79% of Rail Vikas Nigam Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹−1,894 Cr of operating cash against ₹871 Cr of profit. After ₹34.0 Cr of capital spending, ₹−1,928 Cr was left as free cash.
FY26: operating cash of ₹−1,894 Cr against reported profit of ₹871 Cr, leaving free cash of ₹−1,928 Cr after ₹34.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 79% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 79%: the cash cycle stretched 73 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 73 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Rail Vikas Nigam Ltd's cash conversion cycle runs 96 days in FY26, up from 23 days in FY21. Capital spending ran ₹757 Cr over the last 3 years. At FY26 sales of ₹20,412 Cr each day of that cycle holds about ₹55.9 Cr, so roughly ₹5,369 Cr sits inside the business at any moment.
FY26: debtors at 96 days (an asset-light business — no inventory to speak of) — for a full cycle of 96 days, looser than FY21's 23.
In money terms: at FY26 sales of ₹20,412 Cr, each day of the cycle holds about ₹55.9 Cr — so the 96-day loop keeps roughly ₹5,369 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹757 Cr over the last 3 fiscal years against ₹88.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Rail Vikas Nigam Ltd earns a ROCE of 11% in FY26. That is up from a trough of 7% in FY16. Return on invested capital clears the cost of that capital by −7.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.3% net margin on 0.94× asset turns.
FY26 ROCE is 11%, recovered from a FY16 trough of 7% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.3% net margin × 0.94× asset turns × 2.21× balance-sheet leverage ≈ 8.9% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.1% − 12.0% = a −7.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Rail Vikas Nigam Ltd carries total debt of ₹4,818 Cr against shareholder equity of ₹9,818 Cr as of Mar 26, a debt-to-equity of 0.49. On the annual view that ratio went from 1.05 in FY22 to 0.49 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹4,818 Cr against shareholder equity of ₹9,818 Cr — a debt-to-equity of 0.49. On the annual view, debt-to-equity went from 1.05 (FY22) to 0.49 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Rail Vikas Nigam Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved −0.2 points over the same window, to 6.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −0.7 points over 8 quarters to 2.4%; Domestic institutions: −0.2 points over 8 quarters to 6.6%; Promoters: +0.0 points over 8 quarters to 72.8%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Rail Vikas Nigam Ltd: the Z-score reads 5.53. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 5.53 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 5.53.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Cemindia Projects LtdCEMPRO | 64.3/100Mixed-positive evidence100% evidence | LEADER | 25.5/35 Revenue 8.9% · PAT 47.2% · OPM change 1 pp 100% evidence | 16.9/25 ROCE 32.8% · OPM 10% 100% evidence | 1.9/20 P/E 39.1× · PEG 5.81 100% evidence | 20.0/20 RS sector 73.3% · RS bench 60% · 1Y 77.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.5 + 16.9 + 1.9 + 20 = 64.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2NBCC (India) LtdNBCC | 58.8/100Mixed-positive evidence72% evidence | TURNING | 19.7/35 Revenue 7% · PAT 33.4% · OPM change 0 pp 83% evidence | 17.7/25 ROCE 31% · OPM 6% 76% evidence | 9.6/20 P/E 38.7× · PEG — 50% evidence | 11.8/20 RS sector 5% · RS bench -8.6% · 1Y -13.2%5 of 10 weeks ahead 70% evidence |
| Exact sum: 19.7 + 17.7 + 9.6 + 11.8 = 58.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Patel Engineering LtdPATELENG | 57.1/100Mixed-positive evidence90% evidence | ASLEEP | 17.6/35 Revenue 0.1% · PAT 8.9% · OPM change 1 pp 88% evidence | 14.6/25 ROCE 13.5% · OPM 15% 100% evidence | 17.8/20 P/E 6.8× · PEG 0.21 100% evidence | 7.1/20 RS sector -5.5% · RS bench -12.6% · 1Y -27.8%2 of 10 weeks ahead 70% evidence |
| Exact sum: 17.6 + 14.6 + 17.8 + 7.1 = 57.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Larsen & Toubro LtdLT | 54.5/100Mixed-positive evidence82% evidence | FADING | 19.3/35 Revenue 9.8% · PAT 5.8% · OPM change -1 pp 95% evidence | 15.5/25 ROCE 14.6% · OPM 12% 76% evidence | 8.2/20 P/E 30.8× · PEG — 50% evidence | 11.5/20 RS sector 7% · RS bench -0.6% · 1Y 14.4%4 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 15.5 + 8.2 + 11.5 = 54.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5SPML Infra LtdSPMLINFRA | 52.4/100Mixed-positive evidence70% evidence | ASLEEP | 25.3/35 Revenue 12.2% · PAT 54.2% · OPM change 2 pp 83% evidence | 5.4/25 ROCE 6.8% · OPM 7% 95% evidence | 10.2/20 P/E 21.8× · PEG — 15% evidence | 11.5/20 RS sector 4.6% · RS bench -8.6% · 1Y -29.5%7 of 10 weeks ahead 70% evidence |
| Exact sum: 25.3 + 5.4 + 10.2 + 11.5 = 52.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Hindustan Construction Company LtdHCC | 50.5/100Mixed-positive evidence83% evidence | ASLEEP | 11.2/35 Revenue -29.2% · PAT 46.9% · OPM change -4 pp 88% evidence | 18.9/25 ROCE 24.8% · OPM 17% 100% evidence | 11.0/20 P/E 31.2× · PEG 1.3 65% evidence | 9.4/20 RS sector -6.8% · RS bench 0.5% · 1Y -5%8 of 10 weeks ahead 70% evidence |
| Exact sum: 11.2 + 18.9 + 11 + 9.4 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Ramky Infrastructure LtdRAMKY | 49.9/100Mixed-negative evidence65% evidence | ASLEEP | 12.1/35 Revenue -9.6% · PAT 40.1% · OPM change -1.2 pp 62% evidence | 11.5/25 ROCE 13.7% · OPM -0.8% 76% evidence | 14.3/20 P/E 11.6× · PEG — 50% evidence | 12.0/20 RS sector 14.7% · RS bench -26.8% · 1Y -34.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 12.1 + 11.5 + 14.3 + 12 = 49.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 8PNC Infratech LtdPNCINFRA | 46.2/100Mixed-negative evidence90% evidence | TURNING | 9.2/35 Revenue -20.7% · PAT 2.2% · OPM change -4 pp 88% evidence | 11.7/25 ROCE 8.5% · OPM 17% 100% evidence | 16.7/20 P/E 14.1× · PEG 0.17 100% evidence | 8.6/20 RS sector -12% · RS bench -0.5% · 1Y -19%6 of 11 weeks ahead 70% evidence |
| Exact sum: 9.2 + 11.7 + 16.7 + 8.6 = 46.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 9IRB Infrastructure Developers LtdIRB | 43.8/100Mixed-negative evidence82% evidence | ASLEEP | 16.5/35 Revenue -2.2% · PAT -80% · OPM change 9 pp 95% evidence | 10.6/25 ROCE 7.5% · OPM 54% 76% evidence | 9.7/20 P/E 24.6× · PEG — 50% evidence | 7.0/20 RS sector 0.3% · RS bench -7.1% · 1Y -14%1 of 12 weeks ahead 100% evidence |
| Exact sum: 16.5 + 10.6 + 9.7 + 7 = 43.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Simplex Infrastructures LtdSIMPLEXINF | 42.6/100Mixed-negative evidence77% evidence | ASLEEP | 23.8/35 Revenue -5% · PAT 100% · OPM change 3 pp 83% evidence | 6.6/25 ROCE 2.4% · OPM 8% 95% evidence | 5.5/20 P/E 47.4× · PEG — 50% evidence | 6.7/20 RS sector -19.1% · RS bench -5.9% · 1Y -22.9%8 of 10 weeks ahead 70% evidence |
| Exact sum: 23.8 + 6.6 + 5.5 + 6.7 = 42.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.1% and the one-year return is -22.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11Hazoor Multi Projects Ltd532467 | 42.2/100Mixed-negative evidence71% evidence | ASLEEP | 16.7/35 Revenue -9.1% · PAT 5% · OPM change 62 pp 83% evidence | 13.5/25 ROCE 12% · OPM 80% 76% evidence | 10.7/20 P/E 14.1× · PEG — 15% evidence | 1.3/20 RS sector -25.8% · RS bench -32.1% · 1Y -44.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.7 + 13.5 + 10.7 + 1.3 = 42.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Likhitha Infrastructure LtdLIKHITHA | 41.4/100Mixed-negative evidence77% evidence | TURNING | 7.7/35 Revenue -12% · PAT -44.3% · OPM change -11.7 pp 83% evidence | 11.4/25 ROCE 13.7% · OPM 6% 95% evidence | 7.2/20 P/E 22.2× · PEG — 50% evidence | 15.1/20 RS sector 6.4% · RS bench 3.9% · 1Y -19%7 of 10 weeks ahead 70% evidence |
| Exact sum: 7.7 + 11.4 + 7.2 + 15.1 = 41.4 · Decision use: Price leads the evidence: RS versus the benchmark is 3.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 13KNR Constructions LtdKNRCON | 41.1/100Mixed-negative evidence72% evidence | ASLEEP | 9.2/35 Revenue -43.2% · PAT -56.4% · OPM change 1 pp 83% evidence | 12.1/25 ROCE 10.4% · OPM 24% 76% evidence | 14.0/20 P/E 7.8× · PEG — 50% evidence | 5.8/20 RS sector -16.5% · RS bench -20.8% · 1Y -43.8%2 of 10 weeks ahead 70% evidence |
| Exact sum: 9.2 + 12.1 + 14 + 5.8 = 41.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 14H.G. Infra Engineering LtdHGINFRA | 38.1/100Mixed-negative evidence90% evidence | ASLEEP | 14.7/35 Revenue 3.5% · PAT -34.8% · OPM change -1 pp 88% evidence | 12.2/25 ROCE 11.3% · OPM 17% 100% evidence | 6.7/20 P/E 13.3× · PEG 3.17 100% evidence | 4.5/20 RS sector -27.1% · RS bench -25.6% · 1Y -49.3%4 of 10 weeks ahead 70% evidence |
| Exact sum: 14.7 + 12.2 + 6.7 + 4.5 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Rail Vikas Nigam Ltdthis pageRVNL | 35.4/100Mixed-negative evidence83% evidence | ASLEEP | 11.8/35 Revenue 2.5% · PAT -31.9% · OPM change -3 pp 88% evidence | 7.6/25 ROCE 10.8% · OPM 4% 100% evidence | 4.5/20 P/E 53.8× · PEG 5.08 65% evidence | 11.5/20 RS sector 6.9% · RS bench -26% · 1Y -38.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 11.8 + 7.6 + 4.5 + 11.5 = 35.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Vishnu Prakash R Punglia LtdVPRPL | 29.4/100Thin evidence · provisional54% evidence | 9.4/35 Revenue -22.6% · PAT -80% · OPM change -18 pp 53% evidence | 8.5/25 ROCE 11.4% · OPM -7% 71% evidence | 8.5/20 P/E 59.9× · PEG — 15% evidence | 3.0/20 RS sector -56.5% · RS bench -67.1% · 1Y -79.8%0 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 9.4 + 8.5 + 8.5 + 3 = 29.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 17Giriraj Civil Developers LtdGIRIRAJ | 51.3/100Thin evidence · provisional44% evidence | 21.6/35 Revenue 100% · PAT 100% · OPM change 2 pp 27% evidence | 14.5/25 ROCE 20.1% · OPM 8% 71% evidence | 10.4/20 P/E 21.1× · PEG — 15% evidence | 4.8/20 RS sector -32.2% · RS bench -12.3% · 1Y -39.4%4 of 11 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 21.6 + 14.5 + 10.4 + 4.8 = 51.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Rail Vikas Nigam Ltd's share price today?
Rail Vikas Nigam Ltd trades at ₹225, −34.7% over the past year. The company is valued at ₹47,013 Cr. The stock sits at 1% of its 52-week range of ₹225–₹388, −21.1% versus its 200-day average. On the tape, the price is in a downtrend, 52 weeks in. — as of 31 July 2026.
What were Rail Vikas Nigam Ltd's latest quarterly results?
Rail Vikas Nigam Ltd reported revenue of ₹6,696 Cr and net profit of ₹182 Cr for the Mar 26 quarter. Revenue rose 4.2% and profit fell 60.0% year on year. Earnings per share were ₹0.90. The operating margin was 4.0%, 3.0 pp lower than a year earlier. — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's revenue?
Rail Vikas Nigam Ltd reported revenue of ₹6,696 Cr in the Mar 26 quarter, +4.2% year on year. For the full FY26 fiscal year, revenue was ₹20,412 Cr (+2.5%). Over the last 10 years revenue compounded at 16.2% a year. — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's profit?
Rail Vikas Nigam Ltd earned ₹182 Cr of net profit in the Mar 26 quarter, −60.0% year on year. Full-year FY26 profit was ₹871 Cr. The operating margin ran 4.0% in the latest quarter. — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's market cap?
Rail Vikas Nigam Ltd's market capitalisation is ₹47,013 Cr at a share price of ₹225. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's P/E ratio?
Rail Vikas Nigam Ltd trades at a P/E of 53.8×, at the 74th percentile of its own 7-year range, against a long-run median of 10.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Rail Vikas Nigam Ltd pay a dividend?
Yes — Rail Vikas Nigam Ltd's dividend payout was 41% of profit in FY26, and it recorded a payout in each of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Rail Vikas Nigam Ltd overvalued?
On its own history, Rail Vikas Nigam Ltd looks expensive against its own history: its P/E of 53.8× sits at the 74th percentile of its 7-year range (long-run median 10.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Rail Vikas Nigam Ltd growing?
Not right now — Rail Vikas Nigam Ltd's latest numbers are shrinking: latest-quarter revenue +4.2% year on year, profit −60.0%, and the margin −3.0 pp at 4.0%. The 10-year compound rates are 16.2% (revenue) and 7.3% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Rail Vikas Nigam Ltd performing?
Rail Vikas Nigam Ltd is in a downtrend, 52 weeks in. Its latest quarter's revenue rose 4.2% and profit fell 60.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 25 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Rail Vikas Nigam Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −31.8% latest against +24.6% at its 12-quarter best), ROCE slipping at 10.8%. The read comes from the last 12 quarters of growth (revenue growth +2.5% latest, profit growth −31.8% latest, eps growth −31.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Rail Vikas Nigam Ltd in an uptrend?
No — the price is in a downtrend (week 52 of stage 4), trading −21.1% versus its 200-day average and at 1% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Rail Vikas Nigam Ltd beating the market?
Not lately — on a trailing-13-week view Rail Vikas Nigam Ltd is currently behind the NIFTY 500 (25 weeks and counting; last ahead the week of 2026-02-27), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 7.3 years the stock moved +1,042% against the NIFTY 500's +140% — ahead of the index over the full window. — as of 31 July 2026.
Will Rail Vikas Nigam Ltd's share price go up?
This page publishes no price forecast for Rail Vikas Nigam Ltd. What it measures instead: the share price is ₹225, the price is in a downtrend 52 weeks in. Its P/E of 53.8× sits at the 74th percentile of its own 7-year range. — as of 31 July 2026.
Who owns Rail Vikas Nigam Ltd?
Promoters hold 72.8% of Rail Vikas Nigam Ltd, foreign institutions 2.4%, domestic institutions 6.6% and the public 18.1% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.
Does Rail Vikas Nigam Ltd have too much debt?
It is moderate — Rail Vikas Nigam Ltd's debt-to-equity is 0.49, and operating profit covers the interest bill 2×. FY26 borrowings were ₹4,818 Cr against equity of ₹9,822 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's capex?
Rail Vikas Nigam Ltd spent ₹757 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹34.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Rail Vikas Nigam Ltd's cash flow?
Rail Vikas Nigam Ltd generated ₹−1,894 Cr of operating cash flow in FY26 and ₹−1,928 Cr of free cash flow after ₹34.0 Cr of capital spending. Reported profit that year was ₹871 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Rail Vikas Nigam Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 79% of Rail Vikas Nigam Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−1,894 Cr against reported profit of ₹871 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 31 July 2026.
How financially safe is Rail Vikas Nigam Ltd?
On the balance sheet, the Z-score reads 5.53 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 31 July 2026.
Where is Rail Vikas Nigam Ltd in its business cycle?
Rail Vikas Nigam Ltd's FY26 operating margin was 3.8%, against a 12-year band of 3.8%–6.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 4.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Rail Vikas Nigam Ltd story?
Biggest watch item: the P/E sits at the 74th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Rail Vikas Nigam Ltd a stock worth studying right now?
This is not investment advice. The machine read: Rail Vikas Nigam Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.