Rs 65,000 crore order book; This PSU multibagger railway company bags new order worth Rs 239 crore from Southern Railway

The company's shares have delivered an impressive return of over 760 per cent to their shareholders.

Rail Vikas Nigam Limited, engaged in the business of implementing various types of rail infrastructure projects assigned by the Ministry of Railways, has announced a new order received by the company.

RVNL: Letter of Acceptance received from Southern Railway

Rail Vikas Nigam Limited has received a Letter of Acceptance from Southern Railway for the "Provision of Automatic Block Signaling system from Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway." The project is to be executed within a period of 12 months. The project cost, including GST, is Rs 239,09,95,615.92 (Two Hundred and Thirty-Nine Crore Nine Lakh Ninety-Five Thousand Six Hundred and Fifteen Rupees and Ninety-Two Paise Only).

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Share Performance of Rail Vikas Nigam Limited

On Monday, the company's stock closed at around Rs 255.80 per share, with a market capitalisation of Rs 53,334.81 crore. Additionally, the stock has delivered a multibagger return of around 1062 per cent in the past five years.

Financial Performance of Rail Vikas Nigam Limited

As per the Quarterly Results in Q3 FY24, the company reported revenue of Rs 4689 crore, representing a year-on-year de-growth of 6.44 per cent from Rs 5012 crore in the same quarter last year. The company posted an operating profit of Rs 249 crore, compared to a profit of Rs 276 crore in the same quarter last year. The company’s net profit stood at Rs 359 crore in Q3 FY24.

Business Overview:

Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India. It is engaged in the business of implementing various types of rail infrastructure projects assigned by the Ministry of Railways, including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing of freight revenue with Railways as per the concession agreement entered into with the Ministry of Railways.

Investors must keep this Large-Cap multibagger stock on their radar.

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