Navratna PSU stock which is engaged in the business of implementing various types of Rail infrastructure projects receives Letter of Award worth Rs. 311.17 Crores from Central Railway for construction of and miscellaneous work.
On November 13, 2023, the shares of Rail Vikas Nigam Limited closed at Rs. 156.90 down 0.98 percent from its previous day close price of Rs. 158.45 and its market capitalization is Rs. 32,713 Crores.
Rail Vikas Nigam Limited has received a Letter of Award (LOA) worth Rs. 311.17 Crores from Central Railway for the Construction of 4 Tunnels with Ballastless track and Earthwork in formation consisting a total length of 1.6 Km, Construction of 2 Important Bridges, 1 Major Bridge, 25 Minor Bridges, Supply of Stone ballast, Track linking, side drain retaining wall etc. from Km. 831.8 to Km. 841.9 in Dharakoh Maramjhiri section in connection with the third line.
It has delivered multibagger returns of 188 percent in a year and 30 percent in the last six months. A shareholders investment of Rs. 1 Lakh in the company would be worth Rs. 2.88 Lakh in a year.
The company’s revenue grew 4.64 percent from Rs. 19,381.71 Crores in FY22 to Rs. 20,281.57 Crores in FY23, accompanied by increasing profits of Rs. 1,110.14 Crores to Rs. 1,420.55 Crores.
It 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 capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 72.84 percent stake, the Domestic Institutional Investors hold 5.81 percent and the Foreign Institutional Investors (FII) hold 2.33 percent.
Rail Vikas Nigam Limited is a central public sector enterprise with a navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects doubling, gauge conversion, new lines, railway electrification, major bridges etc.
Written by: Bharath K.S
