Rail Vikas Nigam Ltd.
NSE: RVNLRail Vikas Nigam Ltd.: A 30-second snapshot
Rail Vikas Nigam Ltd. (RVNL), a government-owned rail infrastructure PSU, trades at ₹287.2 — below its 200-DMA of ₹319.19 and 35.33% off its 52-week high. The business carries a debt-to-equity ratio of 52.1, a trailing PE of 51.4 (forward PE 39.9), and a thin profit margin of 5.69%, operating against an active order pipeline of recent government rail and infrastructure projects.
P/E
51.4
Forward P/E
39.9
ROE
—
Debt / Equity
52.11
Profit Margin
+5.7%
Div. Yield
+0.9%
5Y ROE > 15%
3/5
5Y FCF > 0
3/5
Quality
45/100
News
8 headlines · 4 positive · 0 negative
RVNL bags ₹39-cr NMDC order for residential campus project in Hyderabad's Banjara Hills - CNBC TV18
CNBC TV18
RVNL stock rises as it partners Texmaco on rail infra; key details - MSN
MSN
RVNL emerges lowest bidder for ₹968-crore East Coast Railway project - CNBC TV18
CNBC TV18
RVNL Emerges L1 For East Coast Railway Bridge Project ₹967.93 Cr | Construction Of Major Open Web Steel Girders On EPC Mode - scanx.trade
scanx.trade
Number of shareholders of Rail Vikas Nigam Ltd. – NSE:RVNL - TradingView
TradingView
Recent context
- ·RVNL was named lowest bidder for a ₹967.93-crore East Coast Railway bridge project (April 2026) and separately secured a ₹39-crore NMDC order for a residential campus in Hyderabad — order activity consistent with its government rail-infrastructure mandate.
- ·The stock has a Texmaco partnership announced in April 2026 for rail infrastructure work, adding a private-sector collaborative dimension to its predominantly PSU order book.
- ·RSI stands at 45.44 (neutral zone) and the price at ₹287.2 is ₹15.75 above identified support at ₹271.25, with the next resistance cluster near ₹310–₹311.85 — a zone approximately 8% above current price.
Strengths
- +PE of 51.4 (trailing) and forward PE of 39.9 place RVNL at the second-lowest valuation among its 6 Infrastructure sector peers, below BEL (52.0), ABB (87.1), CGPOWER (108.6), and Cummins (66.5); Larsen and Toubro at 33.4 is the only peer with a lower PE.
- +Debt trend is classified as falling, and FCF was positive in 3 of the available years, suggesting incremental improvement in balance-sheet management despite the headline leverage ratio.
- +Recent order wins are consistent: RVNL emerged as lowest bidder for a ₹968-crore East Coast Railway project and secured a ₹39-crore NMDC residential campus order, supporting near-term revenue visibility.
- +News sentiment across 8 articles is 4 positive, 4 neutral, 0 negative — and the stock is above its 50-DMA (₹283.91), indicating short-term price stabilisation relative to the medium-term trend.
Weaknesses
- −Debt-to-equity of 52.1 is a high-severity concern: far above typical non-financial sector thresholds, this leverage makes earnings highly sensitive to interest rate changes and project execution delays.
- −The stock has been below its 200-DMA (₹319.19) with a 35.33% drawdown from the 52-week high and a 19.43% decline over 1 year, reflecting sustained medium-term price underperformance.
- −Quality score of 29/100 — second-lowest among the 5 peers where data is available (BEL 57, ABB 47, CGPOWER 45, LT 26) — combined with a consistency score of 46, suggests below-median financial resilience in the Infrastructure sector.
- −Five-year revenue growth of 2.6% and earnings growth of 4% are modest; the profitability profile (margin 5.69%) leaves limited buffer against cost overruns or project delays typical of government-contracted infrastructure work.
Open questions
- ?Does the falling debt trend and positive FCF in 3 of available years represent a durable shift in RVNL's capital structure, or is the 52.1 D/E ratio still the dominant lens for assessing financial risk?
- ?How much of RVNL's order-win velocity is priced into the current PE of 51.4, and how does project execution risk affect the relationship between order book growth and earnings delivery?
- ?The 35.33% drawdown from the 52-week high contrasts with a positive news flow — what macro or sector-level factors (interest rates, government capex policy, rail budget allocation) could explain this divergence?
- ?RVNL's quality score of 29 is the second-lowest in the Infrastructure peer group shown — does this reflect the structural characteristics of PSU infrastructure businesses, or is it specific to RVNL's operating model?
Peer comparison: Infrastructure
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| RVNL | Rail Vikas Nigam Ltd.You're viewing | 51.4 | — | 29 |
| Industry avg | across 5 peers | 69.5 | +17.5% | 40 |
| BEL | Bharat Electronics Ltd. | 52.0 | — | 57 |
| ABB | ABB India Ltd. | 87.1 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 108.6 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.4 | +15.5% | 26 |
| CUMMINSIND | Cummins India Ltd. | 66.5 | — | 24 |
Technical state
Current price
₹287.20
SMA 50
₹283.91
SMA 200
₹319.19
RSI (14)
45.4 (neutral)
From 52w high
-35.3%
1Y return
-19.4%
3M return
-9.8%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 52.1 is exceptionally elevated for an infrastructure PSU and far above non-financial sector norms. This leverage amplifies earnings sensitivity to interest rate movements and contract execution delays.
- mediumRVNL trades at ₹287.2, below its 200-DMA of ₹319.19. The stock is down 19.43% over 1 year and 35.33% from its 52-week high, indicating sustained price weakness for over six months.
- mediumProfit margin of 5.69%, quality score of 29/100, and consistency score of 46 reflect limited financial resilience. Five-year revenue growth of 2.6% and earnings growth of 4% are modest for a government-backed infrastructure company.
- lowRVNL ranks 4th of 6 peers on quality score (29 vs sector range up to 57). ROE is unavailable for RVNL and 3 of 5 peers, and 1-year price change is null for all 5 peers, limiting the depth of relative-performance comparison.
- lowAnalyst rating value is null with only 3 analysts tracked — too sparse for a reliable consensus read. ROE is also null in the fundamental data, preventing return-on-equity assessment.
Cross-section contradictions
- News sentiment is positive (4 positive, 0 negative across 8 articles) with recent order wins totalling over ₹1,000 crore, yet the stock is down 19.43% over 1 year and 35.33% from its 52-week high — indicating the market is pricing in execution, macro, or valuation risk not reflected in headline order flow.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days