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

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.

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. 

1 comments on article "500 per cent returns: Multibagger railways wagon company receives orders worth Rs 332 crore from MPPKVVCL!"

ANIL DAGDU JADHAV

Very useful information.

8/2/2023 9:49 AM

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