# RVNL share price today (Rail Vikas Nigam Ltd, NSE: RVNL)

> RVNL share price today: ₹184.24 at the NSE close on 3 November 2026, down 44.0% in a year. Rail Vikas Nigam (NSE: RVNL) is worth ₹38,344 crore, trades at a P/E of 42.6 and has closed between ₹179.67 and ₹387.95 over the past 52 weeks. > Rail Vikas Nigam Ltd's share price has fallen more than its earnings. Earnings per share fell 31.5% in a year while the price moved −44.0%. RVNL · Infra - Construction & Contracting · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/rail-vikas-nigam-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹184.24 (−44.0% in a year)
- P/E: 42.6× (higher than 67% of the last 7.5 years)
- Revenue (Jun 2026): ₹4,321 Cr (+10.5% on a year ago)
- Profit (Jun 2026): ₹160 Cr (+19.4% on a year ago)
- Operating margin: 4.3% (+2.9 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 4.5%, against a 12.0% cost of capital: −7.5 points

The main question: foreign institutions moved −2.7 percentage points over 8 quarters while the business went the other way. ## What is the RVNL share price today? Rail Vikas Nigam Ltd's share price was ₹184.24 at the close on 3 November 2026. It has been falling for 65 weeks. That is 25.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹180 and ₹388, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 39 weeks running. Over the last 7.6 years the share price moved +833% while the NIFTY 500 moved +124%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 27 February 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at RVNL this quarter? Two changes stood out: foreign funds (FIIs) cut their stake for 3 quarters in a row and revenue up on a year earlier for 4 quarters in a row. 1. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 5% to 2.4% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹4,321 crore, +10.5% on a year earlier. Why: Revenue rose because more work got done, including rural broadband projects where early ground problems eased. Next results: check whether work in UP West and UP East moves ahead and whether BSNL payments turn into revenue. From the earnings call on 13 Aug 2026. ## What dividend does RVNL pay? RVNL paid ₹1.71 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.93% at the ₹184.24 close on 3 November 2026. The last was a dividend of ₹0.71 a share, ex-date 18 August 2026. ### RVNL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 18 Aug 2026 | ₹0.71 | Dividend | same day |
| 11 Feb 2026 | ₹1 | Interim | same day |
| 21 Aug 2025 | ₹1.72 | Dividend | same day |
| 23 Sep 2024 | ₹2.11 | Dividend | n/a |
| 20 Sep 2023 | ₹0.36 | Dividend | n/a |
| 6 Apr 2023 | ₹1.77 | Interim | same day |
| 22 Sep 2022 | ₹0.25 | Dividend | n/a |
| 24 Mar 2022 | ₹1.58 | Interim | 25 Mar 2022 |
| 30 Nov 2021 | ₹0.44 | Dividend | n/a |
| 8 Apr 2021 | ₹1.14 | Interim | 9 Apr 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Rail Vikas Nigam Ltd paid out 41% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are RVNL's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), RVNL reported revenue of ₹4,321 crore, up 10.5% from ₹3,909 crore a year earlier, and a profit of ₹160 crore, up 19.4% from ₹134 crore. ### RVNL results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,321 crore | ₹3,909 crore | +10.5% |
| Profit | ₹160 crore | ₹134 crore | +19.4% |
| Earnings per share | ₹0.76 | ₹0.65 | +16.9% |
| Operating margin | 4.3% | 1.4% | +2.9 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). RVNL's management discussed these results on a call held on 13 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the RVNL share price history? RVNL closed at ₹184.24 on 3 November 2026, down 44.0% from ₹328.80 a year earlier (31 October 2025) and up 406.9% over five years. Its highest weekly close since April 2019 was ₹626.75 on 12 July 2024. ### RVNL share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹181.31 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹197.00 | −6.5% |
| 6 months ago · 30 Apr 2026 | ₹297.65 | −38.1% |
| 1 year ago · 31 Oct 2025 | ₹328.80 | −44.0% |
| 3 years ago · 3 Nov 2023 | ₹154.00 | +19.6% |
| 5 years ago · 4 Nov 2021 | ₹36.35 | +406.9% |
| Earliest weekly close in our records · 12 Apr 2019 | ₹19.75 | +832.9% |
| Highest weekly close since April 2019 · 12 Jul 2024 | ₹626.75 | −70.6% |
| Lowest weekly close since April 2019 · 27 Mar 2020 | ₹12.75 | +1,345.0% |
| 52-week high (weekly close) · 26 Dec 2025 | ₹387.95 | −52.5% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹179.67 | +2.5% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (399 weekly closes from 12 April 2019 to 3 November 2026.)

## What is the latest news on RVNL? 3 Nov 2026: RVNL closed at ₹184.24, up 1.6% on the week and down 6.5% on the month. 18 Aug 2026: ex-date for a dividend of ₹0.71 a share. ### Earlier

- 13 Aug 2026: RVNL held its results call for April to June 2026. Management guided: FY27 top-line growth around 15% and bottom-line growth 15-20%. - Results for April to June 2026: Revenue up 10.5% and profit up 19.4% on a year earlier. - 11 Feb 2026: ex-date for an interim dividend of ₹1 a share. ## What did RVNL management say on the latest results call? On the call for April to June 2026, held on 13 August 2026, RVNL's management guided: FY27 top-line growth around 15% and bottom-line growth 15-20%. > “As weather conditions improve over the coming months, our priority will be to pick up execution speed, maintain margin discipline, and convert our healthy pipeline of L1 positions and LOAs into active projects.”
> Salim Ahmed, on the call for April to June 2026

### What management guided

- FY27 work-order goal ₹20,000-25,000 crore, with ₹5,500 crore entrusted in Q1. - Over the next 3 years, order book and top line planned at a 50:50 split between railway management works and bidding works. - Margin framework: Indian bidding 5-6%, management works 8-10%, PMC about 7%, overseas 15-20%; three-year operating profit 5-7% and ROE 12-13%, with no further onerous provision anticipated. - BharatNet implementation needs another 6-8 months beyond its 3-year phase; 10-year maintenance follows. No external debt planned for 2-3 quarters; bank lines at 5.5-5.9% if needed. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/5688/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 13 August 2026.)

## What to watch in RVNL's next results? When RVNL reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Annual revenue and margin trajectory - check whether execution sustains the reaffirmed growth framework and profitability improvement. - What to check (from the call)
- Annual revenue and margin trajectory - check whether execution sustains the reaffirmed growth framework and profitability improvement. - BharatNet execution and collections - verify UP West and UP East progress and whether BSNL payments convert into revenue. - Vande Bharat prototype rollout - check delivery against the stated milestone and subsequent trainset production cadence. - Loss provisions and railway collections - check for fresh charges and whether client payments support cash conversion. ## Which stock lists is RVNL on? RVNL is on 2 of our India lists: 52 week high & low and Small & mid cap stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 235](https://www.sectoralpha.in/small-cap-stocks-india)

## Is RVNL profitable? Rail Vikas Nigam Ltd earned ₹160 Cr of net profit in the Jun 2026 quarter, +19.4% on the same quarter a year earlier. Full-year FY26 profit was ₹871 Cr. Over 10 years profit has grown 7.3% a year on average. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned ₹134 Cr. For the full year, FY26 profit was ₹871 Cr (−31.8% on the year before). Why profit moved: revenue changed +10.5% on a year earlier and the margin moved +2.9 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −14.1% and revenue +5.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does RVNL make, and is it growing? Rail Vikas Nigam Ltd reported ₹4,321 Cr of revenue in the Jun 2026 quarter, +10.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 16.2% a year on average. The last full year, FY26, came in at ₹20,412 Cr. The last four reported quarters add to ₹20,824 Cr. FY26 revenue was ₹20,412 Cr, +2.5% on the year before. Recent pace: the last four quarters grew +5.7% on average, against 16.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.4%, against +1.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −24.5%, against −21.5% a year (stabilising). ## How much of every ₹100 of sales does RVNL keep? Rail Vikas Nigam Ltd's operating margin was 4.3% in the Jun 2026 quarter, 2.9 percentage points higher than the same quarter a year ago. Across 12 years it has been between 3.8% and 6.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed −1.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is RVNL's profit turning into cash? Over the last 3 years, 80% of Rail Vikas Nigam Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 its operations used ₹1,889 Cr of cash, against ₹871 Cr of profit. After ₹34.0 Cr of spending on assets, free cash was −₹1,923 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 80% of profit came in as cash: the cash cycle got 73 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 8.6× depreciation over three years. The next section checks what that spending is building. ## Where does RVNL's cash go? Rail Vikas Nigam Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 96 days in FY26, up from 23 days in FY21. It spent ₹757 Cr on assets over the last 3 years. At FY26 sales of ₹20,412 Cr, each day of that cycle ties up about ₹55.9 Cr, so roughly ₹5,369 Cr is tied up in the business at any time. Spending on assets: ₹757 Cr over the last 3 years, against ₹88.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is RVNL's P/E ratio, and how does it compare with its own history? Rail Vikas Nigam Ltd's P/E is 42.6×, in the middle of its own history: higher than 67% of past readings. Its usual P/E (the middle reading) is 10.6×, over 7.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −31.5% while the price moved −44.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +38.3% a year; about −3.6% a year came from earnings growth and about +41.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the RVNL business getting better or worse? Rail Vikas Nigam Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −24.5% in the latest quarter, against +15.6% at its best in 12 quarters, with ROCE falling at 11.1%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does RVNL earn on its capital? Rail Vikas Nigam Ltd earned a ROCE of 11% in FY26. That is up from a low of 7% in FY16. Its return on capital used (ROIC) is 7.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.3% net margin and 0.94× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.3% net margin × 0.94× asset turnover × 2.21× leverage (assets divided by equity) ≈ 8.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.5% − 12.0% = −7.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does RVNL have too much debt? Rail Vikas Nigam Ltd has total debt of ₹4,818 Cr against shareholder equity of ₹9,818 Cr as of Jun 2026, so its debt is 0.49× its equity. Year by year, that ratio went from 1.05 in FY22 to 0.49 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the RVNL shareholding pattern? Foreign institutions cut their stake in Rail Vikas Nigam Ltd by 2.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 2.4% of the company. Domestic institutions moved −0.1 points over the same period, to 6.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −2.7 points over 8 quarters, to 2.4%; Domestic institutions: −0.1 points over 8 quarters, to 6.2%; Promoters: +0.0 points over 8 quarters, to 72.8%. Why the owners changed: foreign institutions drove it (−2.7 points). They reduced their stake. ## How far is RVNL from balance-sheet trouble? For Rail Vikas Nigam Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does RVNL rank in its industry? 36.4 out of 100, rank 16 of 18 in Infra - Construction & Contracting, with 74% of the evidence available. Rail Vikas Nigam Ltd scores 36.4 out of 100 against the 18 companies it is compared with in Infra - Construction & Contracting, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.8 + 7.2 + 4.4 + 8 = 36.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is RVNL compared with? RVNL ranks 16 of 18 Infra - Construction & Contracting companies on the 4-Factor Sector Score, with 36.4 out of 100. 1. [Mold-Tek Technologies Ltd](https://www.sectoralpha.in/stocks/mold-tek-technologies-ltd) MOLDTECH · breaking out · Most evidence points up · 81% evidence 65.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.0/35 · Revenue 48.7% · Profit 100% · Operating margin change 18.5 points · 88% evidence Capital efficiency 10.8/25 · ROCE 9.5% · Operating margin 19.9% · 100% evidence Valuation 11.7/20 · P/E 28× · PEG 0.62 · 100% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 23.2% · 1 year n/a · 25% evidence · 7 of 7 weeks ahead Exact sum: 31 + 10.8 + 11.7 + 12.3 = 65.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Cemindia Projects Ltd](https://www.sectoralpha.in/stocks/cemindia-projects-ltd) CEMPRO · quiet · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Revenue 8.9% · Profit 47.2% · Operating margin change 1 points · 88% evidence Capital efficiency 18.7/25 · ROCE 32.8% · Operating margin 10% · 100% evidence Valuation 2.5/20 · P/E 38.8× · PEG 5.81 · 100% evidence Relative strength 14.5/20 · Lead over its industry 54.3% · Lead over NIFTY 500 38.4% · 1 year 55.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.9 + 18.7 + 2.5 + 14.5 = 61.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) LT · turning · Evidence leans up · 82% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 11.2% · Profit 9.3% · Operating margin change -2 points · 95% evidence Capital efficiency 15.5/25 · ROCE 14.6% · Operating margin 11% · 76% evidence Valuation 9.1/20 · P/E 28.2× · PEG n/a · 50% evidence Relative strength 17.3/20 · Lead over its industry 14.1% · Lead over NIFTY 500 3% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.4 + 15.5 + 9.1 + 17.3 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Patel Engineering Ltd](https://www.sectoralpha.in/stocks/patel-engineering-ltd) PATELENG · basing · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue -1.4% · Profit 4.7% · Operating margin change 1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 13.3% · Operating margin 14% · 100% evidence Valuation 15.1/20 · P/E 5.8× · PEG 1.52 · 100% evidence Relative strength 9.5/20 · Lead over its industry -4.9% · Lead over NIFTY 500 -14.5% · 1 year -36.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.4 + 15.8 + 15.1 + 9.5 = 55.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [SPML Infra Ltd](https://www.sectoralpha.in/stocks/spml-infra-ltd) SPMLINFRA · quiet · Evidence leans up · 74% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 37.8% · Profit 80.8% · Operating margin change 4.4 points · 88% evidence Capital efficiency 4.1/25 · ROCE 6.5% · Operating margin 9% · 100% evidence Valuation 14.5/20 · P/E 12.7× · PEG 0.69 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.9% · 1 year -44.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 4.1 + 14.5 + 8.4 = 52.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) NBCC · quiet · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 3.8% · Profit 30.9% · Operating margin change 2.4 points · 83% evidence Capital efficiency 17.8/25 · ROCE 29.3% · Operating margin 7% · 76% evidence Valuation 10.9/20 · P/E 27.5× · PEG n/a · 50% evidence Relative strength 2.9/20 · Lead over its industry -14.9% · Lead over NIFTY 500 -23.7% · 1 year -40.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 17.8 + 10.9 + 2.9 = 50.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Hazoor Multi Projects Ltd](https://www.sectoralpha.in/stocks/hazoor-multi-projects-ltd) HAZOOR · Too little evidence to rank firmly · 59% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/43.75 · Revenue -30.5% · Profit -34.1% · Operating margin change 70.1 points · 88% evidence Capital efficiency 18.5/31.25 · ROCE 12% · Operating margin 84.5% · 100% evidence Valuation 13.1/25 · P/E 16.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 15.9 + 18.5 + 13.1 = 47.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Ramky Infrastructure Ltd](https://www.sectoralpha.in/stocks/ramky-infrastructure-ltd) RAMKY · basing · Evidence leans down · 63% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 4.6% · Profit 17.8% · Operating margin change -14 points · 83% evidence Capital efficiency 11.6/25 · ROCE 13.5% · Operating margin 6% · 76% evidence Valuation 13.2/20 · P/E 11.4× · PEG n/a · 50% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -27.3% · 1 year -51.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.9 + 11.6 + 13.2 + 8.2 = 46.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [PNC Infratech Ltd](https://www.sectoralpha.in/stocks/pnc-infratech-ltd) PNCINFRA · quiet · Evidence leans down · 100% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 1.8% · Profit -21.3% · Operating margin change -1 points · 100% evidence Capital efficiency 10.1/25 · ROCE 8% · Operating margin 21% · 100% evidence Valuation 20.0/20 · P/E 5.1× · PEG 0.17 · 100% evidence Relative strength 0.0/20 · Lead over its industry -31% · Lead over NIFTY 500 -38.1% · 1 year -55.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.7 + 10.1 + 20 + 0 = 44.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Simplex Infrastructures Ltd](https://www.sectoralpha.in/stocks/simplex-infrastructures-ltd) SIMPLEXINF · turning · Evidence leans down · 71% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 4.6% · Profit 80.8% · Operating margin change 3.9 points · 88% evidence Capital efficiency 5.4/25 · ROCE 2.4% · Operating margin 7% · 100% evidence Valuation 5.9/20 · P/E 44.4× · PEG n/a · 50% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 11.1% · 1 year -6.4% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.9 + 5.4 + 5.9 + 12 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Likhitha Infrastructure Ltd](https://www.sectoralpha.in/stocks/likhitha-infrastructure-ltd) LIKHITHA · basing · Evidence leans down · 96% evidence 43.1 out of 100 Growth Capital Valuation Relative
12. [H.G. Infra Engineering Ltd](https://www.sectoralpha.in/stocks/hg-infra-engineering-ltd) HGINFRA · quiet · Evidence leans down · 81% evidence 42.1 out of 100 Growth Capital Valuation Relative
13. [IRB Infrastructure Developers Ltd](https://www.sectoralpha.in/stocks/irb-infrastructure-developers-ltd) IRB · basing · Evidence leans down · 78% evidence 42.0 out of 100 Growth Capital Valuation Relative
14. [Hindustan Construction Company Ltd](https://www.sectoralpha.in/stocks/hindustan-construction-company-ltd) HCC · quiet · Evidence leans down · 79% evidence 40.5 out of 100 Growth Capital Valuation Relative
15. [KNR Constructions Ltd](https://www.sectoralpha.in/stocks/knr-constructions-ltd) KNRCON · quiet · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
16. Rail Vikas Nigam Ltd this page RVNL · quiet · Evidence leans down · 74% evidence 36.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 5.4% · Profit -24.5% · Operating margin change 2.9 points · 88% evidence Capital efficiency 7.2/25 · ROCE 10.8% · Operating margin 4.3% · 100% evidence Valuation 4.4/20 · P/E 41.6× · PEG 5.08 · 65% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -29.7% · 1 year -45.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 7.2 + 4.4 + 8 = 36.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [Vishnu Prakash R Punglia Ltd](https://www.sectoralpha.in/stocks/vishnu-prakash-r-punglia-ltd) VPRPL · Too little evidence to rank firmly · 59% evidence 23.0 out of 100 Growth Capital Valuation Relative
18. [Giriraj Civil Developers Ltd](https://www.sectoralpha.in/stocks/giriraj-civil-developers-ltd) GIRIRAJ · Too little evidence to rank firmly · 32% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Infra - Construction & Contracting](https://www.sectoralpha.in/sectors/infra-construction-contracting), all 18 compared on one page. ## Which companies are close to RVNL in size? RVNL is the 2nd largest of 18 Infra - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Larsen & Toubro. Just below it: Cemindia Projects, IRB Infrastructure Developers, NBCC (India), Hindustan Construction Company and PNC Infratech. ### Infra - Construction & Contracting companies close in size

1. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) ₹5,32,713 crore
2. Rail Vikas Nigam Ltd ₹37,462 crore
3. [Cemindia Projects Ltd](https://www.sectoralpha.in/stocks/cemindia-projects-ltd) ₹23,330 crore
4. [IRB Infrastructure Developers Ltd](https://www.sectoralpha.in/stocks/irb-infrastructure-developers-ltd) ₹18,999 crore
5. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) ₹18,808 crore
6. [Hindustan Construction Company Ltd](https://www.sectoralpha.in/stocks/hindustan-construction-company-ltd) ₹4,490 crore
7. [PNC Infratech Ltd](https://www.sectoralpha.in/stocks/pnc-infratech-ltd) ₹3,179 crore

[All 18 Infra - Construction & Contracting companies, largest first](https://www.sectoralpha.in/sectors/infra-construction-contracting#all-companies)

### Companies close in size in other industries

1. [PTC Industries Ltd](https://www.sectoralpha.in/stocks/ptc-industries-ltd) ₹37,946 crore · Castings - Steel/Alloy
2. [Physicswallah Ltd](https://www.sectoralpha.in/stocks/physicswallah-ltd) ₹37,519 crore · Platform - Education
3. Rail Vikas Nigam Ltd ₹37,462 crore
4. [Anand Rathi Wealth Ltd](https://www.sectoralpha.in/stocks/anand-rathi-wealth-ltd) ₹37,392 crore · Finance - Capital Markets - Wealth Management
5. [Thermax Ltd](https://www.sectoralpha.in/stocks/thermax-ltd) ₹37,084 crore · Capital Goods - Engineering General

## What else do people ask about RVNL? ### What is RVNL's share price today? Rail Vikas Nigam Ltd's share price is ₹184.24, −44.0% over the past year. The whole company is worth ₹38,344 Cr on the market. In the last 52 weeks it traded between ₹180 to ₹388; today it is 2% of the way up from the low, 25.9% below its 200-day average (as of 3 November 2026). ### What were RVNL's latest quarterly results? Rail Vikas Nigam Ltd reported revenue of ₹4,321 Cr and net profit of ₹160 Cr for the Jun 2026 quarter. Revenue rose 10.5% and profit rose 19.4% compared with a year earlier. Earnings per share were ₹0.76. The operating margin was 4.3%, 2.9 percentage points higher than a year earlier (as of 3 November 2026). ### What is RVNL's market cap? Rail Vikas Nigam Ltd's market capitalisation is ₹38,344 Cr at a share price of ₹184.24. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is RVNL performing? Rail Vikas Nigam Ltd's share price has been falling for 65 weeks. In its latest quarter, revenue rose 10.5% and profit rose 19.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 39 weeks running (as of 3 November 2026). ### Will RVNL's share price go up? This page does not forecast Rail Vikas Nigam Ltd's share price. What it shows instead: the share price is ₹184.24, and it has been falling for 65 weeks. Its P/E of 42.6× is higher than 67% of its own last 8 years (as of 3 November 2026). ### Who owns RVNL? Promoters own 72.8% of Rail Vikas Nigam Ltd, foreign institutions 2.4%, domestic institutions 6.2% and the public 18.6% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 2.7 percentage points over 8 quarters (as of 3 November 2026). ### Does RVNL have too much debt? Rail Vikas Nigam Ltd has a moderate amount of debt: its debt is 0.49× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹4,818 Cr against equity of ₹9,822 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is RVNL in its business cycle? Rail Vikas Nigam Ltd's FY26 operating margin was 3.8%, against a 12-year range of 3.8% to 6.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 4.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the RVNL story? The main question: foreign institutions moved −2.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is RVNL a stock worth studying right now? What the numbers show: Rail Vikas Nigam Ltd's share price has fallen more than its earnings. Earnings per share fell 31.5% in a year while the price moved −44.0%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a RVNL share price forecast for 2026? What management itself guided: FY27 top-line growth around 15% and bottom-line growth 15-20%. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.