Rs 85,000 Crore Order Book: Railway Company Signs MoU with DMIA to Collaborate on Railway Infra Projects in ASEAN, Focus on Manufacturing Base in Malaysia!
The company’s shares have delivered an impressive multibagger returns of around 115 per cent in just 5 months.
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 freight revenue with Railways as per the concession agreement entered with the Ministry of Railways.
Rail Vikas Nigam Ltd signed an MoU with Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). The main objective of this MoU is to establish the terms and conditions under which RVNL and DMIA will collaborate on railway infrastructure and services projects in the ASEAN market and other mutually agreed markets. A key focus of this collaboration is the establishment of a manufacturing base in Malaysia for railway coaches and other railway products, aimed at meeting the growing demands of ASEAN countries.
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On Wednesday the shares of Rail Vikas Nigam Ltd closed at Rs 563.75 per share, compared to the previous day's closing figure of Rs 561.55 per share on the BSE. The current market capitalization stands at Rs 117543 crore, and the stock has generated an impressive multibagger return of over 350 per cent in just 1 year.
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As per the Quarterly Results, in Q1 FY25, Rail Vikas Nigam Ltd recorded a revenue of Rs 4064 crore. The operating profit for Q1 FY25 stood at Rs 176 crore. The net profit for Q1 FY25 was Rs 218 crore. Looking at the annual performance, the company generated a revenue of Rs 21733 crore in FY24, compared to Rs 20282 crore in FY23. The operating profit for FY24 was Rs 1346 crore, with a net profit of Rs 1463 crore.
Investors must keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.