Shares of Rail Vikas Nigam were trading higher on Monday, with the stock rising 2.07% to Rs 344.80. The stock is a constituent of the Nifty Midcap 150 index.
Financial Performance
Rail Vikas Nigam's consolidated financial performance reveals the following:
Quarterly Results:
The company's revenue for the quarter-ending June 2025 stood at Rs 3,908.77 Crore, compared to Rs 4,073.80 Crore in June 2024. Net profit for the same period was Rs 124.99 Crore, down from Rs 222.56 Crore in the previous year. The Earnings Per Share (EPS) decreased to Rs 0.65 in June 2025 from Rs 1.07 in June 2024.
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 4,073.80 Crore | Rs 4,854.95 Crore | Rs 4,567.38 Crore | Rs 6,426.88 Crore | Rs 3,908.77 Crore |
| Net Profit | Rs 222.56 Crore | Rs 302.14 Crore | Rs 254.66 Crore | Rs 406.74 Crore | Rs 124.99 Crore |
| EPS | 1.07 | 1.38 | 1.49 | 2.20 | 0.65 |
The annual revenue for the year-ending March 2025 was Rs 19,923.02 Crore, a decrease from Rs 21,889.23 Crore in March 2024. The net profit also decreased from Rs 1,574.47 Crore in March 2024 to Rs 1,186.11 Crore in March 2025. Similarly, the EPS decreased from Rs 7.55 in March 2024 to Rs 6.15 in March 2025.
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 15,403.76 Crore | Rs 19,381.71 Crore | Rs 20,281.57 Crore | Rs 21,889.23 Crore | Rs 19,923.02 Crore |
| Net Profit | Rs 922.85 Crore | Rs 1,079.17 Crore | Rs 1,261.95 Crore | Rs 1,574.47 Crore | Rs 1,186.11 Crore |
| EPS | 4.42 | 5.67 | 6.81 | 7.55 | 6.15 |
| BVPS | 26.70 | 30.68 | 35.13 | 41.95 | 45.90 |
| ROE | 16.56 | 18.48 | 19.39 | 18.00 | 13.38 |
| Debt to Equity | 1.02 | 1.03 | 0.87 | 0.68 | 0.56 |
The income statement provides further details on the company's annual performance. Sales decreased from Rs 21,889 Crore in March 2024 to Rs 19,923 Crore in March 2025. Other income also saw a decrease, from Rs 1,185 Crore to Rs 999 Crore during the same period. Total expenditure decreased from Rs 20,452 Crore to Rs 18,828 Crore.
Cash Flow:
The cash flow statement indicates that net cash flow increased to Rs 2,023 Crore in March 2025, compared to Rs 267 Crore in March 2024.
| Heading | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating Activities | Rs 657 Crore | Rs 4,800 Crore | Rs -4,076 Crore | Rs 2,954 Crore | Rs 1,878 Crore |
| Investing Activities | Rs 74 Crore | Rs -1,426 Crore | Rs 1,354 Crore | Rs -1,399 Crore | Rs 1,629 Crore |
| Financing Activities | Rs 415 Crore | Rs -186 Crore | Rs -1,036 Crore | Rs -1,286 Crore | Rs -1,484 Crore |
| Net Cash Flow | Rs 1,147 Crore | Rs 3,187 Crore | Rs -3,757 Crore | Rs 267 Crore | Rs 2,023 Crore |
The balance sheet shows that total assets stood at Rs 20,481 Crore in March 2025, compared to Rs 19,611 Crore in March 2024. Total liabilities also increased from Rs 19,611 Crore to Rs 20,481 Crore during the same period.
| Heading | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Share Capital | Rs 2,085 Crore | Rs 2,085 Crore | Rs 2,085 Crore | Rs 2,085 Crore | Rs 2,085 Crore |
| Reserves & Surplus | Rs 3,481 Crore | Rs 4,312 Crore | Rs 5,240 Crore | Rs 6,660 Crore | Rs 7,485 Crore |
| Current Liabilities | Rs 2,508 Crore | Rs 6,845 Crore | Rs 4,442 Crore | Rs 4,579 Crore | Rs 5,652 Crore |
| Other Liabilities | Rs 6,076 Crore | Rs 6,637 Crore | Rs 6,655 Crore | Rs 6,286 Crore | Rs 5,258 Crore |
| Total Liabilities | Rs 14,151 Crore | Rs 19,881 Crore | Rs 18,422 Crore | Rs 19,611 Crore | Rs 20,481 Crore |
| Fixed Assets | Rs 345 Crore | Rs 380 Crore | Rs 356 Crore | Rs 460 Crore | Rs 1,027 Crore |
| Current Assets | Rs 9,984 Crore | Rs 14,480 Crore | Rs 9,045 Crore | Rs 9,745 Crore | Rs 11,667 Crore |
| Other Assets | Rs 3,821 Crore | Rs 5,019 Crore | Rs 9,020 Crore | Rs 9,405 Crore | Rs 7,787 Crore |
| Total Assets | Rs 14,151 Crore | Rs 19,881 Crore | Rs 18,422 Crore | Rs 19,611 Crore | Rs 20,481 Crore |
Key financial ratios for Rail Vikas Nigam show a Debt to Equity of 0.56 as of March 2025. The interest coverage ratio is 3.94.
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 4.42 | 5.67 | 6.81 | 7.55 | 6.15 |
| Diluted Eps (Rs.) | 4.42 | 5.67 | 6.81 | 7.55 | 6.15 |
| Book Value /Share (Rs.) | 26.70 | 30.68 | 35.13 | 41.95 | 45.90 |
| Dividend/Share (Rs.) | 1.58 | 1.83 | 2.13 | 2.11 | 1.72 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Return on Networth / Equity (%) | 16.56 | 18.48 | 19.39 | 18.00 | 13.38 |
| ROCE (%) | 10.01 | 15.05 | 15.88 | 16.74 | 14.12 |
| Return On Assets (%) | 6.51 | 5.94 | 7.71 | 8.02 | 6.25 |
| Debt to Equity (x) | 1.02 | 1.03 | 0.87 | 0.68 | 0.56 |
| Interest Coverage Ratios (X) | 41.25 | 3.52 | 3.86 | 4.47 | 3.94 |
| P/E (x) | 6.58 | 5.77 | 10.07 | 33.50 | 57.21 |
| P/B (x) | 1.09 | 1.07 | 1.95 | 6.03 | 7.66 |
Rail Vikas Nigam announced the closure of the trading window for the quarter ending September 30, 2025. The company also emerged as the Lowest Bidder (L1) from Southern Railway and West Central Railway for normal course of business.
The company announced a final dividend of Rs 1.72 per share (17.2%) with an effective date of August 21, 2025.
Moneycontrol's analysis, conducted on September 24, 2025, indicates a neutral sentiment for the stock.
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