PSU stock under Rs 150: Multibagger railways wagon company delivers stellar quarterly and annual results; declares dividend!
The stock gave multibagger returns of 260 per cent in just 1 year whereas BSE Sensex Index is up by 12.60 per cent.
Rail Vikas Nigam Ltd, a Navratna company was established in 2003 by the Government of India for various rail infrastructure projects. The company announced its quarterly and annual results for the year ended March 31, 2023. Details below:
According to the quarterly consolidated results, the company reported total revenue of Rs 5,719.83 crore in Q4FY23 compared to Rs 6,437.54 crore in Q4FY22. The company reported a net profit of Rs 359.25 crore in Q4FY23 compared to a net profit of Rs 378.16 crore in Q4FY22. The EPS for Q4FY23 stood at Rs 1.72.
According to the annual consolidated results, the company reported total revenue of Rs 5,946.84 crore in FY23. The company reported a net profit of Rs 1,420.55 crore in Q4FY23 compared to a net profit of Rs 1,110.02 crore in Q4FY22, an increase of 28 per cent. The EPS stood at Rs 6.81 in FY23.
Additionally, the company have declared a final dividend of Rs 0.36 per share (i.e., 3.60 per cent on the paid-up equity share capital) for the financial year 2022-2023. The record date/date of book closure for payment of the final dividend would be fixed and intimated in due course.
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On Friday, shares of Rail Vikas Nigam Ltd plunged 4.98 per cent to Rs 115.50 per share with an intraday high of Rs 119.20 and an intraday low of Rs 115.50. The stock gave multibagger returns of 260 per cent in just 1 year whereas BSE Sensex Index is up by 12.60 per cent.
RVNL has a market cap of Rs 24,081.98 crore with a PE of 19x and an ROE of 21 per cent. The stock has a 52-week high of Rs 144.50 and a 52-week low of Rs 29. The company has been maintaining a healthy dividend payout of 32.2 per cent with a dividend yield of 1.58 per cent. Investors should keep an eye on this railways wagon stock.