| 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
- ₹198.78
- Market cap
- ₹41,446 Cr
- Revenue (annual)
- ₹20,412 Cr
- Net profit (annual)
- ₹874.7 Cr
- P/E (TTM)
- 46.1×Sector 31.7×
- Promoter holding
- 72.84%+0.00% QoQ
- FII holding
- 2.41%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 Bags ₹404.9 Cr Order from East Coast Railway
Rail Vikas Nigam Ltd secured an order from East Coast Railway worth ₹404.88 Crore. The project involves railway infrastructure works to be executed within 912 days.
- Value
- ₹404.9 Cr
- From
- East Coast Railway
- Execution
- 912 Days
Rail Vikas Nigam Other Announcement
Rail Vikas Nigam Limited has appointed M/s. Gandhi Minocha & Co., Chartered Accountants, as the Statutory Auditor of the Company for the financial year 2026-27.
Rail Vikas Nigam Bags ₹903 Cr Order from SJVN Thermal Private Limited
Rail Vikas Nigam Limited secured a ₹903.01 Crore contract from SJVN Thermal Private Limited to build a permanent siding for the Buxar Thermal Power Project.
- Value
- ₹903.0 Cr
- From
- SJVN Thermal Private Limited
- Execution
- 36 Months
Rail Vikas Nigam Bags ₹404.9 Cr Order from East Coast Railway
Rail Vikas Nigam Limited emerged as the lowest bidder for a project from East Coast Railway. The project is valued at approximately ₹404.88 Crore.
- Value
- ₹404.9 Cr
- From
- East Coast Railway
- Execution
- 30 Months
Rail Vikas Nigam Management Change
Rail Vikas Nigam Limited has re-appointed Shri Rakesh Bhalla as an Independent Director on its Board. The appointment is effective from August 25, 2026, for three years.
Rail Vikas Nigam Legal & Regulatory
Rail Vikas Nigam Limited was fined ₹9.66 Lakh (₹0.10 Crore) by BSE for non-compliance with board and committee composition requirements for the quarter ended June 2026.
- Value
- ₹0.10 Cr