Rail Vikas Nigam Ltd: A Look at the Amazing Growth and New Orders in rvnl Share
The engineering and construction sector of the stock market has been buzzing with excitement as Rail Vikas Nigam Ltd (rvnl share) experiences amazing growth. The company recently received a new order and has also announced a dividend, which has further boosted its position in the market. In this news article, we will delve into the functioning of the company, its current position, returns, new orders, and detailed information about its dividend.
Rail Vikas Nigam Ltd: Strengthening Indian Railways
Rail Vikas Nigam Ltd was founded by former Prime Minister Atal Bihari Vajpayee on January 24, 2003. The primary objective of the company is to secure, strengthen, and expand the Indian Railways. It predominantly works on railway infrastructure projects, including rail, bridge, line development, railway electrification, and cable connections.
Current Status of rvnl Share: Market Cap, Debt, and Dividend Yield
As of now, the market cap of rvnl share company stands at Rs 34,757.29 crore. The promoter holding of the company is recorded at 78.2%. The company currently has a debt of Rs 6,430.19 crore but also boasts a free cash amount of Rs 1,809.46 crore. This puts the dividend yield of the company at 1.4%. Additionally, the company has seen a sales growth of 4.64% and a profit growth of 16.61%.
Previous Return Information: Impressive Returns and Profit Growth
Looking at the returns of rvnl share, the company has achieved remarkable results. It has recorded 169% returns in the last 6 months, 392% returns in the last 1 year, 99.3% returns in the last 3 years, and 54.9% returns in the last 5 years. The company has also witnessed a profit growth of 17% in the last 3 years.
Declaration of Final Dividend: Rewarding Investors
In the company’s annual results presented in March 2023, rvnl share company reported a net profit of Rs 1267 crores. In the quarterly results presented in June 2023, the company earned a net profit of Rs 333 crores. Thanks to its continuous growth, the company has announced a dividend for its investors. The ex-dividend date has been set for September 20, 2023, and the record date is September 21, 2023. The company has declared a final dividend of Rs 0.36 to its investors.
Order of 245 Crores: Boosting Growth
rvnl share company’s current trading price is Rs 166, with a 52-week high of Rs 199 and a 52-week low of Rs 32. The company recently secured orders worth Rs 245 crore, which includes various projects under the Vadodara Division of Western Railway, such as earthwork, major bridge, minor bridge, blanketing, retaining, station building platform, and subways cover.
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Please note that the information provided in this news article is for informational purposes only. Akhandindia.com.in does not provide investment advice. Investing in the stock market carries risks, and it is advisable to seek expert advice before making any investment decisions.
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