Rs 70,000 crore order book and FIIs & DIIs increase stake: This multibagger Rail infrastructure company bags new order worth Rs 123.36 crore!

Shares of the company have delivered impressive returns of over 800 per cent in the last five years.

In a major infrastructure push, Rail Vikas Nigam Limited (RVNL) is tackling two key projects. First, a joint venture with KRDCL will redevelop Varkala Sivagiri Railway Station in Kerala for Rs 123 crore, with RVNL contributing 49 per cent. Simultaneously, RVNL and URC Construction secured a Rs 543 crore contract for the Indore Metro Rail Project, involving an elevated viaduct and five stations. Here, RVNL holds a 51 per cent stake, aiming to complete the project within 1,092 days. These initiatives showcase RVNL's active role in developing India's railway and metro infrastructure.

The company has also delivered multibagger returns of over 800 per cent in the last five years. FIIs and DIIs have increased their stake in the company to 2.32 and 5.83 per cent in September 2023 respectively. The company has a strong order book of about Rs 70,000 crores.

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In Q2FY24, the company posted a 0.11 per cent increase in its consolidated revenue at Rs 4,914.32 crore compared to Rs 4,908.90 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 594.31 crore, while the PAT of the company stood at Rs 455.40 crore, from Rs 402.27 crore last year in the same quarter.

Rail Vikas Nigam Limited is engaged in the business of implementing various types of Rail infrastructure projects 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 Ministry of Railway. 

The stock has shown impressive growth, and investors should keep a close eye on this stock.    

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