Rail Vikas Nigam Ltd
RVNLRail Vikas Nigam Ltd's stock has fallen further than its earnings. EPS fell 31.5% in a year while the price moved −39.4%.
Biggest watch item: the P/E sits at the 68th percentile of its own range — the multiple has already done part of the work.
The price is in a downtrend (58 weeks in) while the P/E sits at the 68th percentile of its own 7-year range. Underneath, the last four quarters read improving — profit +19.4% year on year, and 80% 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 ₹205, in a downtrend and 58 weeks into that stage. That is −23.8% against its own 200-day average. It sits at 0% of a 52-week range of ₹205 to ₹388. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (31 weeks and counting).
Today the stock is in a downtrend — week 58 of stage 4, confirmed. At ₹205 it trades −23.8% versus its 200-day average and sits at 0% of its 52-week range (₹205–₹388).
Against the market, two honest reads. Cumulative: over the last 7.4 years the stock moved +937% while the NIFTY 500 moved +134% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (31 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 47.5× P/E, mid-range by its own standards (68th percentile). Its long-run median P/E is 10.3×, measured across 7.4 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 47.5× is mid-range by its own standards (68th percentile), against a long-run median of 10.3× measured over 7.4 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 −31.5% against a −39.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +46.4%/yr price move, ~−3.6%/yr came from earnings growth and ~+50.0 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.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Rail Vikas Nigam Ltd was paying for profit growth of about 29.5% a year. Profit itself has compounded 7.3% a year over the past 10 years. Today the market pays 47.5× P/E, the 68th percentile of its own 7-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is far above what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
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 −24.5% latest against +15.6% 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 | −31.8% | −13.4% | −2.6% | +7.3% |
| EPS | −31.5% | −13.3% | −2.5% | +7.4% |
| Share price | −39.4% | +8.0% | +46.4% | — |
4-Factor Sector Score
38.7/100 — rank 16 of 18 in Infra - Construction & Contracting · 87% evidence confidence
Rail Vikas Nigam Ltd scores 38.7 out of 100 against the 18 companies it is compared with in Infra - Construction & Contracting, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 16.1 + 7 + 4.5 + 11.1 = 38.7. 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 ₹4,321 Cr of revenue in the Jun 26 quarter, +10.5% year on year. That is the 4th 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 ₹20,824 Cr.
FY26 revenue came in at ₹20,412 Cr (+2.5% on the year), capping 10 years at 16.2% compound. The latest quarter (Jun 26) printed ₹4,321 Cr, +10.5% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +5.7% 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 +5.4% over the last 4 quarters against +1.1%/yr over the last 8 — accelerating; TTM profit −24.5% vs −21.5%/yr — stabilising.
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 4.3% in the Jun 26 quarter, +2.9 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 4.3%, +2.9 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 +2.9 pp year on year while gross margin went −1.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
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 ₹160 Cr of net profit in the Jun 26 quarter, +19.4% year on year. Full-year FY26 profit was ₹871 Cr. The 10-year compound rate is 7.3%. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned ₹134 Cr.
Jun 26 profit was ₹160 Cr, +19.4% year on year. On the full year, FY26 printed ₹871 Cr (−31.8%), and the 10-year compound rate is 7.3%.
Why profit moved: revenue contributed +10.5% and the margin +2.9 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −14.1% vs revenue +5.7%. 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 80% of Rail Vikas Nigam Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹−1,889 Cr of operating cash against ₹871 Cr of profit. After ₹34.0 Cr of capital spending, ₹−1,923 Cr was left as free cash.
FY26: operating cash of ₹−1,889 Cr against reported profit of ₹871 Cr, leaving free cash of ₹−1,923 Cr after ₹34.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 80% 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 80%: the cash cycle stretched 73 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 8.6× depreciation over three years, so the next section's job is to check what that build-out is buying.
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 cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
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 −7.5 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: 4.5% − 12.0% = a −7.5 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 is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Cemindia Projects LtdCEMPRO | 58.4/100Mixed-positive evidence100% evidence | LEADER | 24.1/35 Revenue 8.9% · PAT 47.2% · OPM change 1 pp 100% evidence | 17.3/25 ROCE 32.8% · OPM 10% 100% evidence | 2.5/20 P/E 35.5× · PEG 5.81 100% evidence | 14.5/20 RS sector 44.8% · RS bench 39.7% · 1Y 71.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 24.1 + 17.3 + 2.5 + 14.5 = 58.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Mold-Tek Technologies LtdMOLDTECH | 57.8/100Mixed-positive evidence67% evidence | 28.0/35 Revenue 48.7% · PAT 100% · OPM change 18.5 pp 95% evidence | 10.2/25 ROCE 9.5% · OPM 19.9% 76% evidence | 7.3/20 P/E 32.4× · PEG — 50% evidence | 12.3/20 RS sector — · RS bench 39% · 1Y — 25% evidence | |
| Exact sum: 28 + 10.2 + 7.3 + 12.3 = 57.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Patel Engineering LtdPATELENG | 54.1/100Mixed-positive evidence100% evidence | ASLEEP | 14.7/35 Revenue -1.4% · PAT 4.7% · OPM change 1 pp 100% evidence | 15.3/25 ROCE 13.3% · OPM 14% 100% evidence | 14.7/20 P/E 6.7× · PEG 1.52 100% evidence | 9.4/20 RS sector -6.4% · RS bench -9.6% · 1Y -26.5%3 of 12 weeks ahead 100% evidence |
| Exact sum: 14.7 + 15.3 + 14.7 + 9.4 = 54.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 4Larsen & Toubro LtdLT | 53.6/100Mixed-positive evidence82% evidence | ASLEEP | 18.7/35 Revenue 9.8% · PAT 5.8% · OPM change -1 pp 95% evidence | 15.6/25 ROCE 14.6% · OPM 12% 76% evidence | 8.7/20 P/E 30.7× · PEG — 50% evidence | 10.6/20 RS sector 3.4% · RS bench 0.7% · 1Y 10.6%2 of 12 weeks ahead 100% evidence |
| Exact sum: 18.7 + 15.6 + 8.7 + 10.6 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5SPML Infra LtdSPMLINFRA | 52.9/100Mixed-positive evidence74% evidence | ASLEEP | 27.3/35 Revenue 37.8% · PAT 80.8% · OPM change 4.4 pp 95% evidence | 3.5/25 ROCE 6.8% · OPM 9% 95% evidence | 10.6/20 P/E 17.1× · PEG — 15% evidence | 11.5/20 RS sector 3.7% · RS bench -11.3% · 1Y -41.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 27.3 + 3.5 + 10.6 + 11.5 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Ramky Infrastructure LtdRAMKY | 51.0/100Mixed-positive evidence76% evidence | ASLEEP | 13.2/35 Revenue 4.6% · PAT 17.8% · OPM change -14 pp 95% evidence | 12.1/25 ROCE 13.7% · OPM 6% 76% evidence | 14.0/20 P/E 12.3× · PEG — 50% evidence | 11.7/20 RS sector 13.8% · RS bench -31.1% · 1Y -41%0 of 10 weeks ahead 70% evidence |
| Exact sum: 13.2 + 12.1 + 14 + 11.7 = 51 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 7NBCC (India) LtdNBCC | 49.4/100Mixed-negative evidence82% evidence | ASLEEP | 18.5/35 Revenue 3.8% · PAT 30.9% · OPM change 2.4 pp 95% evidence | 17.8/25 ROCE 29.3% · OPM 7% 76% evidence | 10.1/20 P/E 32.7× · PEG — 50% evidence | 3.0/20 RS sector -13.7% · RS bench -16.5% · 1Y -18.9%3 of 12 weeks ahead 100% evidence |
| Exact sum: 18.5 + 17.8 + 10.1 + 3 = 49.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Hindustan Construction Company LtdHCC | 48.5/100Mixed-negative evidence93% evidence | ASLEEP | 5.8/35 Revenue -20.7% · PAT 0% · OPM change -5 pp 100% evidence | 15.4/25 ROCE 24.8% · OPM 11% 100% evidence | 11.4/20 P/E 44× · PEG 1.3 65% evidence | 15.9/20 RS sector 14.1% · RS bench 10.1% · 1Y -6.3%4 of 12 weeks ahead 100% evidence |
| Exact sum: 5.8 + 15.4 + 11.4 + 15.9 = 48.5 · Decision use: Price leads the evidence: RS versus the benchmark is 10.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9PNC Infratech LtdPNCINFRA | 47.1/100Mixed-negative evidence100% evidence | ASLEEP | 15.9/35 Revenue -6.5% · PAT 9.4% · OPM change 5 pp 100% evidence | 10.0/25 ROCE 8% · OPM 31% 100% evidence | 17.7/20 P/E 7.4× · PEG 0.17 100% evidence | 3.5/20 RS sector -20.3% · RS bench -23.2% · 1Y -44%6 of 12 weeks ahead 100% evidence |
| Exact sum: 15.9 + 10 + 17.7 + 3.5 = 47.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Hazoor Multi Projects LtdHAZOOR | 46.0/100Mixed-negative evidence69% evidence | 13.6/35 Revenue -30.5% · PAT -34.1% · OPM change 70.1 pp 95% evidence | 13.4/25 ROCE 12% · OPM 84.5% 76% evidence | 10.4/20 P/E 17.8× · PEG — 15% evidence | 8.6/20 RS sector 1.7% · RS bench -36.5% · 1Y -53.8%4 of 12 weeks ahead 70% evidence | |
| Exact sum: 13.6 + 13.4 + 10.4 + 8.6 = 46 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11IRB Infrastructure Developers LtdIRB | 45.7/100Mixed-negative evidence82% evidence | BASING | 15.7/35 Revenue -2.2% · PAT -80% · OPM change 9 pp 95% evidence | 10.7/25 ROCE 7.5% · OPM 54% 76% evidence | 10.2/20 P/E 24.1× · PEG — 50% evidence | 9.1/20 RS sector -2.4% · RS bench -5% · 1Y -7.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.7 + 10.7 + 10.2 + 9.1 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Simplex Infrastructures LtdSIMPLEXINF | 43.2/100Mixed-negative evidence81% evidence | FADING | 24.5/35 Revenue 4.6% · PAT 80.8% · OPM change 3.9 pp 95% evidence | 4.4/25 ROCE 2.4% · OPM 7% 95% evidence | 5.6/20 P/E 44.6× · PEG — 50% evidence | 8.7/20 RS sector -19.8% · RS bench 6.1% · 1Y -14.7%7 of 10 weeks ahead 70% evidence |
| Exact sum: 24.5 + 4.4 + 5.6 + 8.7 = 43.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Likhitha Infrastructure LtdLIKHITHA | 42.9/100Mixed-negative evidence87% evidence | ASLEEP | 7.2/35 Revenue -18.8% · PAT -51.4% · OPM change -2.7 pp 95% evidence | 14.1/25 ROCE 13.7% · OPM 12.9% 95% evidence | 7.1/20 P/E 26.2× · PEG — 50% evidence | 14.5/20 RS sector 11.3% · RS bench 7.3% · 1Y -12.6%4 of 12 weeks ahead 100% evidence |
| Exact sum: 7.2 + 14.1 + 7.1 + 14.5 = 42.9 · Decision use: Price leads the evidence: RS versus the benchmark is 7.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 14H.G. Infra Engineering LtdHGINFRA | 39.9/100Mixed-negative evidence94% evidence | BASING | 15.1/35 Revenue -3.1% · PAT -57.9% · OPM change 10 pp 100% evidence | 13.3/25 ROCE 11.3% · OPM 28% 100% evidence | 7.0/20 P/E 12.1× · PEG 3.17 100% evidence | 4.5/20 RS sector -27.7% · RS bench -25.5% · 1Y -51.5%1 of 10 weeks ahead 70% evidence |
| Exact sum: 15.1 + 13.3 + 7 + 4.5 = 39.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15KNR Constructions LtdKNRCON | 39.5/100Mixed-negative evidence82% evidence | TURNING | 4.3/35 Revenue -39% · PAT -58.8% · OPM change -14 pp 95% evidence | 11.7/25 ROCE 10.4% · OPM 16% 76% evidence | 13.8/20 P/E 10.3× · PEG — 50% evidence | 9.7/20 RS sector -7.9% · RS bench -11.3% · 1Y -36.8%2 of 12 weeks ahead 100% evidence |
| Exact sum: 4.3 + 11.7 + 13.8 + 9.7 = 39.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 16Rail Vikas Nigam Ltdthis pageRVNL | 38.7/100Mixed-negative evidence87% evidence | BASING | 16.1/35 Revenue 5.4% · PAT -24.5% · OPM change 2.9 pp 100% evidence | 7.0/25 ROCE 10.8% · OPM 4.3% 100% evidence | 4.5/20 P/E 47.5× · PEG 5.08 65% evidence | 11.1/20 RS sector 6% · RS bench -27.9% · 1Y -37.8%0 of 10 weeks ahead 70% evidence |
| Exact sum: 16.1 + 7 + 4.5 + 11.1 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Vishnu Prakash R Punglia LtdVPRPL | 30.3/100Thin evidence · provisional54% evidence | 9.4/35 Revenue -22.6% · PAT -80% · OPM change -18 pp 53% evidence | 9.4/25 ROCE 11.4% · OPM -7% 71% evidence | 8.5/20 P/E 59.9× · PEG — 15% evidence | 3.0/20 RS sector -56.9% · RS bench -67.1% · 1Y -72.8%0 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 9.4 + 9.4 + 8.5 + 3 = 30.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 18Giriraj Civil Developers LtdGIRIRAJ | 51.2/100Thin evidence · provisional44% evidence | 21.2/35 Revenue 100% · PAT 100% · OPM change 2 pp 27% evidence | 15.0/25 ROCE 20.1% · OPM 8% 71% evidence | 10.3/20 P/E 21.1× · PEG — 15% evidence | 4.7/20 RS sector -32.2% · RS bench -12.3% · 1Y -42.4%4 of 11 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 21.2 + 15 + 10.3 + 4.7 = 51.2 · 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 ₹205, −39.4% over the past year. The company is valued at ₹42,722 Cr. The stock sits at the very bottom of its 52-week range (₹205–₹388), −23.8% versus its 200-day average. On the tape, the price is in a downtrend, 58 weeks in. — as of 11 September 2026.
What were Rail Vikas Nigam Ltd's latest quarterly results?
Rail Vikas Nigam Ltd reported revenue of ₹4,321 Cr and net profit of ₹160 Cr for the Jun 26 quarter. Revenue rose 10.5% and profit rose 19.4% year on year. Earnings per share were ₹0.76. The operating margin was 4.3%, 2.9 pp higher than a year earlier. — as of 11 September 2026.
What is Rail Vikas Nigam Ltd's revenue?
Rail Vikas Nigam Ltd reported revenue of ₹4,321 Cr in the Jun 26 quarter, +10.5% 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 11 September 2026.
What is Rail Vikas Nigam Ltd's profit?
Rail Vikas Nigam Ltd earned ₹160 Cr of net profit in the Jun 26 quarter, +19.4% year on year. Full-year FY26 profit was ₹871 Cr. The operating margin ran 4.3% in the latest quarter. — as of 11 September 2026.
What is Rail Vikas Nigam Ltd's market cap?
Rail Vikas Nigam Ltd's market capitalisation is ₹42,722 Cr at a share price of ₹205. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Rail Vikas Nigam Ltd's P/E ratio?
Rail Vikas Nigam Ltd trades at a P/E of 47.5×, at the 68th percentile of its own 7-year range, against a long-run median of 10.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 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 11 September 2026.
Is Rail Vikas Nigam Ltd overvalued?
On its own history, Rail Vikas Nigam Ltd looks expensive: its P/E of 47.5× sits at the 68th percentile of its 7-year range (long-run median 10.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Rail Vikas Nigam Ltd growing?
Yes — Rail Vikas Nigam Ltd is growing: latest-quarter revenue +10.5% year on year, profit +19.4%, and the margin +2.9 pp at 4.3%. The 10-year compound rates are 16.2% (revenue) and 7.3% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Rail Vikas Nigam Ltd performing?
Rail Vikas Nigam Ltd is in a downtrend, 58 weeks in. Its latest quarter's revenue rose 10.5% and profit rose 19.4% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 31 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Rail Vikas Nigam Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −24.5% latest against +15.6% at its 12-quarter best), ROCE slipping at 10.8%. The read comes from the last 12 quarters of growth (revenue growth +5.4% latest, profit growth −24.5% latest, eps growth −24.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Rail Vikas Nigam Ltd in an uptrend?
No — the price is in a downtrend (week 58 of stage 4), trading −23.8% versus its 200-day average and at the very bottom 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 11 September 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 (31 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 7.4 years the stock moved +937% against the NIFTY 500's +134% — ahead of the index over the full window. — as of 11 September 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 ₹205, the price is in a downtrend 58 weeks in. Its P/E of 47.5× sits at the 68th percentile of its own 7-year range. — as of 11 September 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 11 September 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 11 September 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 11 September 2026.
What is Rail Vikas Nigam Ltd's cash flow?
Rail Vikas Nigam Ltd consumed ₹1,889 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−1,923 Cr). Operating cash was negative while the company reported a profit of ₹871 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Rail Vikas Nigam Ltd's profit real cash?
Yes — over the last 3 fiscal years, 80% of Rail Vikas Nigam Ltd's reported profit arrived as operating cash. Though the latest year ran at -217% — the trend is the thing to watch. In FY26, operating cash was ₹−1,889 Cr against reported profit of ₹871 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 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 4.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Rail Vikas Nigam Ltd's price assume?
At its price on 13 June 2026, Rail Vikas Nigam Ltd was priced for profit growth of about 29.5% a year. Profit itself has compounded 7.3% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Rail Vikas Nigam Ltd story?
Biggest watch item: the P/E sits at the 68th 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 11 September 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 stock has fallen further than its earnings. EPS fell 31.5% in a year while the price moved −39.4%. 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 11 September 2026.
Not SEBI Registered !! Not Investment advice !!