This Multibagger Navratna Railway company bagged orders from Maharashtra Metro Rail Corporation Limited (MMRCL) for 394 Cr.
At 10:00 a,m the shares of Rail Vikas Nigam Limited were trading at Rs. 164 down by 3 percent from its previous day close price and the market capitalization of the company is 34,173 Cr.
As per the company’s filing, Rail Vikas Nigam Limited has received the letter of acceptance from Maharashtra Metro Rail Corporation Limited (MMRCL) for the Design and Construction of Elevated Metro Viaduct for 394.89 Cr. The time period by which the order is to be executed is 30 months.
The company’s revenue increased by 4.64 percent from 19,381.71 Cr in FY22 to 20,281.57 Cr in FY23, accompanied by increasing profits of 1,110.14 Cr to 1,420.55 Cr.
The company has reported a return on equity (ROE) of 20.81 percent and return on capital employed (ROCE) of 17.83 percent, this indicates that the company is making good returns on its equity and is making effective utilisation of the company’s resources.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 78.20 percent stake, the Domestic Institutional Investors hold 5.76 percent and the Foreign Institutional Investors (FII) hold 1.75 percent.
Rail Vikas Nigam Limited is Navratna Central Public Sector Enterprise under the ministry of railways, engaged in the business of implementing various types of Rail infrastructure projects, including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units etc.
Written by: Bharath K.S
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