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RESEARCH REPORT ON RAIL VIKAS NIGAM LIMITED

December 27, 2025

RESEARCH REPORT ON RAIL VIKAS NIGAM LIMITED

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Rail Vikas Nigam Limited, a government enterprise with a legacy of over two decades, was established to accelerate railway project execution and close infrastructure gaps in India. The company’s vision is to construct world-class, lasting infrastructure by employing cutting-edge technologies and designs that meet top quality and safety standards. Its mission is to become a leading construction firm in India, operating across all infrastructure sectors both within the country and internationally. A key part of its strategy has been successfully executing new railway projects under an innovative PPP model by establishing numerous Special Purpose Vehicles. Today, the company has expanded beyond its original railway mandate, embracing a broader range of infrastructure opportunities from local to global scales. Demonstrating its extensive project execution capabilities, RVNL has commissioned and handed over a total of 151 projects to the railways.

COMPANY PROFILE

Rail Vikas Nigam Limited

Company type Central PSU
Traded as
BSE: 542649
NSE: RVNL
Industry Railway infrastructure
Founded 24 January 2003; 22 years ago in New Delhi, India
Headquarters August Kranti Bhawan, Bhikaji Cama Place, R. K. Puram,
New Delhi,
India
Area served India
Key people • Salim Ahmad
• (Chairman & MD)
Revenue ₹19,381.71 crore (US$2.3 billion) (2022)
Operating income
₹1,476.14 crore (US$170 million) (2022)
Total assets
₹19,121.42 crore (US$2.3 billion) (2022)
Total equity
₹5,631.41 crore (US$670 million) (2022)
Owner Government of India (78.20%)
Number of employees 515 (March 2022)
Subsidiaries
• High Speed Rail Corporation of India Limited
• Kyrgyzindustry-RVNL (50%)
Website rvnl.org

 FUNDAMENTALS

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 SHAREHOLDING

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FINANCIALS

 REVENUE

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 NET PROFIT

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 EPS

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 BVPS

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 ROE

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 DEBT TO EQUITY

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TECHNICAL ANALYSIS

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BUY RVNL MKT 359 TGT 400, 437 SL 320… (2-3 MONTH)

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RATIO ANALYSIS

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Disclaimer: This research report is prepared by Shyam AdvisoryLimited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only.Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.

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