Rs 97,000 crore order book: Road infrastructure company bags new order of Rs 554,64,84,000 from National Highway Authority of India
The stock gave multibagger returns of 470 per cent in just 2 years and a whopping 2,500 per cent in 5 years.
Rail Vikas Nigam Limited (RVNL) has secured a significant project from the National Highway Authority of India (NHAI), receiving a Letter of Acceptance for the construction of a 6-lane access-controlled connectivity to Visakhapatnam Port Road. This domestic project, bearing NIT No. NHAI/AP/Tech/Sabba.-Sheela./NH516C/2024, involves building a 12.660 km stretch of NH 516C, spanning from Km 0.000 (Sabbavaram bypass) to Km 12.660 (Sheelanagar junction) in Andhra Pradesh, under the Hybrid Annuity Mode. The project, valued at Rs 554,64,84,000 (excluding GST), is to be completed within 730 days, enhancing connectivity to Visakhapatnam Port.
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 21 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 33.4 per cent. As of December 31, 2024, RVNL has a strong order book of Rs 97,000 crore, focusing on railway, metro and overseas projects.
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According to Quarterly Results, the net sales decreased by 2 per cent to Rs 4,591 crore and net profit declined by 10 per cent to Rs 295 crore in Q3FY25 compared to Q3FY24. In its annual results, the net sales increased by 8 per cent to Rs 21,889.23 crore and net sales increased by 16.5 per cent to Rs 1,469.53 crore in FY24 compared to FY23. The company has a market cap of over Rs 75,000 crore and the shares of the company have an ROE of 21 per cent and an ROCE of 19 per cent.
In December 2024, FIIs bought 9,90,342 shares and increased their stake to 5.10 per cent compared to September 2024. As of December 2024, the President of India owns a 72.84 per cent stake and Life Insurance Corporation of India owns a 5.81 per cent stake. The stock gave multibagger returns of 470 per cent in just 2 years and a whopping 2,500 per cent in 5 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.