ALFA Finder| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 10.55% YoY consolidated growth driven by steady project execution. |
|---|---|
| Margins | Improving; standalone EBITDA margin rose to 3.99% from 2.08%. |
| Order book | Robust ₹93,492 crore order book providing multi-year execution visibility. |
| Demand visibility | Strong; backed by government infrastructure focus and multi-sectoral opportunities. |
| Management confidence | High; emphasizing diversification into non-rail segments and international markets. |
Growth
Revenue grew 10.55% YoY; standalone EBITDA margin doubled to 3.99% through operational efficiencies.
Outlook
Targeting ₹20,000-25,000 crore new orders in FY27; guiding 15% revenue and 15-20% PAT growth.
Risks
Competitive bidding pressure on margins, labor shortages, and geopolitical volatility in new international markets.
Last quarter's promises, checked
Delivered
- Targeted Vande Bharat prototype launch Dec 2026 → On track for Dec 2026 (= BEAT)
- Guided 15-20% revenue growth for FY27 → Target maintained at 15% (= BEAT)
- Commitment to non-rail diversification → Entry into Power and International markets (= BEAT)
Partly delivered
- Guided margin improvement from Q1 FY27 → Standalone EBITDA margin rose to 3.99% but remains below historical 5-10% target (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: RVNL. Summary written with AI assistance from the document.
Rail Vikas Nigam Ltd: key numbers
- Share price
- ₹210.42
- Market cap
- ₹43,873 Cr
- Revenue (annual)
- ₹20,412 Cr
- Net profit (annual)
- ₹874.7 Cr
- P/E (TTM)
- 48.8×Sector 33.5×
- Promoter holding
- 72.84%+0.00% QoQ
- FII holding
- 2.38%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Rail Vikas Nigam Ltd
All →Rail Vikas Nigam Board Meeting Date
RVNL intimated that its Board will meet on 13 Nov 2026 to consider unaudited Q2 and H2 FY27 results. No results or monetary figures are disclosed in this advance notice.
Rail Vikas Nigam Bags ₹0.55 Cr Order from Ministry of External Affairs
Rail Vikas Nigam received a Letter of Award from the Ministry of External Affairs for a Rs.0.55 Crore DPR for a professional and technical education centre in Seychelles. Execution is due within six months.
- Value
- ₹0.55 Cr
- From
- Ministry of External Affairs
- Execution
- 6 Months
Rail Vikas Nigam Other Announcement
The company has filed its quarterly shareholding pattern for the quarter ended September 2026. This is a routine regulatory disclosure, not a business event.
Rail Vikas Nigam Management Change
Rail Vikas Nigam Limited has appointed Shri Deepak Mohanty as a Non-Official (Independent) Director on its Board, effective October 6, 2026.
Rail Vikas Nigam Legal & Regulatory
RVNL disclosed exchange-levied fines for non-compliance with board composition regulations. The company is actively pursuing the appointment of independent directors with the Ministry of Railways.
Rail Vikas Nigam Adverse Business Impact
Rail Vikas Nigam Limited (RVNL) reported the cancellation of a previously announced order from East Coast Railway. The contract was terminated by mutual consent with no financial impact.
- From
- East Coast Railway