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Rail Vikas Nigam Ltd’s shares are in focus after securing a Rs 115 crore contract from Central Railway for OHE modification work in the Itarsi-Amla section.
Rail Vikas Nigam shares in focus on Tuesday.
Rail Vikas Nigam Share Price: Shares of Rail Vikas Nigam Ltd saw a gap up opening at Rs 384.40 on Tuesday against the previous day close at Rs 371.55 apiece. The surge came after the Railway PSU secured a contract worth Rs 115 crore from Central Railway.
Around 9:40 AM, the scrip was trading at Rs 375.90 apiece with a gain of 1.17 per cent.
“It is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Central Railway for “OHE modification work for up-gradation of existing 1×25 KV electric traction system to 2×25 KV at feeding system in Itarsi-Amla section in Nagpur division of Central Railway to meet 3000 MT loading target,” the company said in the filing.
Rail Vikas Nigam Receives Credit Ratings From Care Edge
Rail Vikas Nigam Limited (RVNL) has received the following credit ratings from Care Edge:
For Long-Term Bank Facilities, the amount has been increased from ₹20.00 crore to ₹30.00 crore, with a reaffirmed rating of CARE AAA; Stable.
For Long-Term/Short-Term Bank Facilities, the amount has been enhanced from ₹6,480.00 crore to ₹8,500.00 crore, with reaffirmed ratings of CARE AAA; Stable / CARE A1+
Rail Vikas Nigam Financials
Rail Vikas Nigam’s financial performance for the fiscal year 2023-24 shows substantial figures in revenue and profit. As of December 2024, the company reported a revenue of Rs 4,590.75 million, slightly down from Rs 4,869.22 million in September 2024, but contributing to the total revenue of Rs 21,732.58 million for the fiscal year. Net profit stood at Rs 294.99 million in December 2024 and Rs 302.51 million in September 2024, leading to a cumulative profit of Rs 1,462.95 million for FY23-24.
Earnings per share (EPS) were noted at Rs 1.41 in December, Rs 1.45 in September, with a total of Rs 7.02 for the fiscal year. Cash earnings per share (Cash EPS) were Rs 1.45 in December, Rs 1.49 in September, and Rs 7.12 for the entire fiscal year. The company maintained an operating profit margin (OPM) of 11.90% in December and 11.35% in September, with an average of 11.64% for the year. The net profit margin (NPM) was 6.43% in December and 6.21% in September, averaging 6.73% for FY23-24.
