Rs 85,000 Crore Order Book: This Railway Infra Company bagged Order Worth Rs 156.47 Crore from Southern Railway; Secured Back-to-Back 4 orders worth Rs 1,449 Crore in just 1 week!
The shares of the company have delivered a return of around 195 per cent to its shareholders in just 1 year.
RVNL joint venture has secured the position of Lowest Bidder (L1) from the Southern Railway for the "Provision of Automatic Signalling on the Ernakulam JN(ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway.
The 750-day order, valued at Rs 156,47,03,304.52, is expected to be executed within the specified time frame. The order involves joint participation, with RVNL holding a 49 per cent stake and KRDCL holding a 51 per cent stake.
Rail Vikas Nigam Ltd (RVNL) 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.
Share Performance:
On Friday, the company's stock closed at around Rs 374.40 per share, with a market capitalization of Rs 78,063 crore. The stock has delivered a multibagger return of around 195 per cent in just 1 year.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 6701 crore compared to Rs 5721 crore and a net profit of Rs 433 crore compared to Rs 345 crore. In FY24, the company reported a revenue of Rs 21733 crore compared to Rs 20282 crore, and a net profit of Rs 1463 crore, compared to a profit of Rs 1268 crore in the previous year.
Regarding the shareholding pattern, the promoters own 72.84 per cent of the company, while FIIs and DIIs hold 2.32 per cent and 6.18 per cent, respectively. Public or retail investors hold the remaining 18.66 per cent.
Investors must keep this Large-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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