Rail Vikas Nigam Ltd: A Closer Look at the Company’s Current Status and New Order
Stock market engineering and construction sector company Rail Vikas Nigam Ltd has recently received an order of Rs. 322 crores from the Gujarat Government. In this article, we will provide an introduction to the company and discuss its current position in the stock market, returns, and the new order it has received.
Rail Vikas Nigam Ltd was founded by former Prime Minister of India Atal Bihari Vajpayee on January 24, 2003. The company’s main objective is to strengthen and expand the Indian Railways, as well as work on rail infrastructure, metro projects, rail bridge lines, line development, and cable connections.
Currently, the market cap of Rail Vikas Nigam Ltd stands at 28,835.83 crores. The dividend yield of the company is recorded at 1.54%, and the promoter holding is 78.2%. The company has a debt of 6,615.56 crores and available stock worth Rs 6,785.45 crore. It has recorded sales growth of 25.83% and profit growth of 15.59%.
In terms of returns, Rail Vikas Nigam Ltd has registered a profit growth of 21% and a revenue growth of 24% in the last three years. The company has also provided impressive CAGR returns, with 319% in the last year, 87% in the last three years, and 116% in the last six months.
The recent order worth Rs. 322 crores from the Gujarat Government further highlights the company’s success. This order has to be completed in 31 months and involves construction in the Dahod district of Gujarat.
It is important to note that investing in the stock market carries risks. This article is for informational purposes only and does not provide investment advice. It is recommended to seek expert advice before making any investment decisions.
