500 per cent returns: Multibagger railways wagon company receives orders worth Rs 332 crore from MPPKVVCL!

500 per cent returns: Multibagger railways wagon company receives orders worth Rs 332 crore from MPPKVVCL!

Kiran Shroff
/ Categories: Trending, Multibaggers

The shares of the company have a PE of 18.40x, a ROE of 20.70 per cent and a ROCE of 18 per cent.

Rail Vikas Nigam Ltd (RVNL) informed that the company has received a letter of award (LOA) for 2 projects worth Rs 331.63 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitran Company Ltd (MPPKVVCL), Jabalpur Company Area.

Both orders include the supply, installation, testing and commissioning of new 11 KV Lines, LT line on AB cable, distribution transformer substation and supporting works in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area. The order for (Package -16) is worth Rs 150 crore including GST and another order for (Package -17) is worth Rs 182 crore including GST will be completed in 24 months from LOI.

Earlier, the company received a letter of award received from the Haryana Rail Infrastructure Development Corporation (HRIDC) for Package No. C-4: Composite Contract Package in connection with New BG Railway Line of HORC project worth Rs 1,088.49 crore.

Rail Vikas Nigam Ltd, a Navratna company was established in 2003 by the Government of India for various rail infrastructure projects. The company has delivered good profit growth of 20.30 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 32.20 per cent.

Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now

On Tuesday, shares of RVNL surged 0.77 per cent to Rs 125.05 per share with an intraday high of Rs 126.55 and an intraday low of Rs 124.60.

The shares of the company have a PE of 18.40x, a ROE of 20.70 per cent and a ROCE of 18 per cent. The stock gave multibagger returns of 305 per cent in just 1 year and over 500 per cent in 3 years. Investors should keep an eye on this railways wagon company’s stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Previous Article 480 per cent returns: Multibagger auto components & equipments company bags first exports order for OTR steel wheels for OEM!
Next Article Rs 48,700 crore order book: This multibagger power transmission company announces bonus shares and Rs 8,800 crore capex plan for FY24!
Rate this article:
3.9

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR