RVNL

Delhi, India Founded: 2003 • Age: 23 yrs Listed Fortune India 500 · #137
Indian railway infrastructure is constructed and improved by RVNL.

About RVNL

RVNL is a publicly listed company based in Delhi (India) founded in 2003. Indian railway infrastructure is constructed and improved by RVNL. The company has 213 employees. Its website rvnl.org draws about 78 thousand monthly visits. Its Indian entity Rail Vikas Nigam Limited reported revenue of β‚Ή21,281 Cr. RVNL offers products and services including Web Applications and Browser Tools. Its focus areas include Business Services, Services for Government, Public Administration and Government Entities.

Company details

Founded in 2003 and headquartered in Delhi, India, RVNL operates within the construction sector specializing in railway projects. Infrastructure deficits on Indian Railways are addressed through full project execution from concept to commissioning. Project-specific special purpose vehicles are established to manage initiatives. The companys focus remains on enhancing railway networks across India.

RVNL is ranked #137 on the Fortune India 500 (2025).

Recognitions & Rankings of RVNL

Fortune India 500 2025 edition
Rank#137
Total income
₹21,018 Cr
Profit
₹1,281 Cr
Last year #104
  • Headquarters Delhi, India
  • Employees 213
  • Stage Public
  • Sectors
    Government & Social Sector
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website rvnl.org
  • Social LinkedIn X Facebook
  • Legal Name Rail Vikas Nigam Ltd.
Key Metrics
  • Market Cap
    ₹40,385 Cr

    RVNL · NSE

  • Share Price
    ₹193.34

    -0.18% today

  • Revenue
    ₹20,412 Cr

    FY 2025-26 · +2.5% YoY

  • EBITDA
    ₹767 Cr

    Margin 3.8%

  • Net Profit
    ₹875 Cr

    FY 2025-26 · -31.5% YoY

  • P/E (TTM)
    44.8x

    P/B 4.1x

  • ROE
    9.0%

    ROCE 10.5%

  • Debt / Equity
    0.53

    Interest cover 57.3x

  • Employee Count
    213

Products & Services of RVNL

RVNL offers a comprehensive portfolio of products and services, including Web Applications and Browser Tools.

Web Applications
Digital Services

Web applications are developed and maintained that require JavaScript for proper operation

Browser Tools
Software Tools

Tools related to browser functionalities are provided, including requirements for JavaScript enablement

Board of directors of Rail Vikas Nigam Limited (RVNL)

Rail Vikas Nigam Limited is the primary company behind RVNL. The board of Rail Vikas Nigam Limited currently have 9 directors; the longest-serving is Anupam Ban, appointed in 2023. 65 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anupam Ban
DIN 07797026
Director09 Feb 20233 yrs 8 moRail Vikas Nigam Limited
Naresh Chandra Karmali
DIN 09103211
Nominee Director20 May 20242 yrs 5 moRail Vikas Nigam Limited
Mritunjay Pratap Singh
DIN 08165734
Whole-time director26 Nov 20241 yr 11 moRail Vikas Nigam Limited
Surender Singh
DIN 11108145
Director15 May 20251 yr 5 moRail Vikas Nigam Limited
Saleem Ahmad
DIN 10119432
Managing Director23 Dec 202510 moRail Vikas Nigam Limited
Amit Tandon
DIN 10167354
Whole-time director02 Jan 202610 moRail Vikas Nigam Limited
Bhartesh Kumar Jain
DIN 11508692
Nominee Director28 Jan 20269 moRail Vikas Nigam Limited
Rakesh Bhalla
DIN 07020164
Additional Director13 Aug 20262 moRail Vikas Nigam Limited
Neeti Sarkar
DIN 11978693
Additional Director30 Sep 20261 moRail Vikas Nigam Limited

People of RVNL

1 people are tracked at RVNL (1 in leadership); the tracked headcount is 213.

NameRoleGroup
Managing Director & ChairmanLeadership
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Complete people profiles for RVNL

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  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of RVNL

RVNL is a publicly listed company on the NSE with ticker symbol RVNL in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date04 Nov 2019
  • Listed onBSE: 542649 · NSE: RVNL
  • Listed entityRail Vikas Nigam Ltd.
  • Exchange sectorIndustrial services
  • ISININE415G01027
  • Share price₹197.72 (+0.21% on the day) · 2026-10-14
  • Market capitalisation₹41,169 Cr
  • Price to earnings45.8
  • EPS (diluted, trailing year)₹4.31
  • Dividend yield0.89%
  • Volume (last session)1,536,994

Financials of RVNL

Exchange-reported figures of Rail Vikas Nigam Limited, the listed company behind RVNL (NSE: RVNL).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹20,412 Cr
+2.5% YoY
EBITDA
₹767 Cr
-32.1% YoY
Profit After Tax
₹875 Cr
-31.5% YoY
Net Worth
₹9,822 Cr
+2.7% YoY
Total Assets
₹15,072 Cr
-1.8% YoY
Total Debt
₹4,818 Cr
-11.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue20,41219,92321,87920,28219,38215,40414,531
Revenue growth+2.5%-8.9%+7.9%+4.6%+25.8%+6.0%-
EBITDA7671,1311,3541,2461,183880773
EBITDA margin+3.8%+5.7%+6.2%+6.2%+6.1%+5.7%+5.3%
Profit before tax1,1811,6462,0301,7191,4301,207958
Net profit8751,2781,5511,3421,110992757
Net profit margin+4.3%+6.4%+7.1%+6.6%+5.7%+6.4%+5.2%
EPS (β‚Ή)4.206.137.446.445.324.763.63
Balance sheet
Total assets15,07215,34415,49814,30113,26311,9609,697
Net worth9,8229,5678,7227,2466,3255,6365,119
Total debt4,8185,4196,0336,4416,6435,9314,257
Cash & bank9683,8863,1131,8536,8242,047982
Net working capital6,9466,5335,6565,0027,9357,7245,819
Cash flow
Cash from operations(1,889)1,8812,956(4,064)4,793419(962)
Cash from investing9421,629(1,402)1,355(1,431)312124
Cash from financing(1,624)(1,487)(1,287)(1,048)(189)416827
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,3216,6964,6845,1233,9096,4274,5674,855
Revenue growth (YoY)+10.6%+4.2%+2.6%+5.5%-4.1%---
Other income14789.05308234238236326281
EBITDA18526922121752.88433239256
EBITDA margin+4.3%+4.0%+4.7%+4.2%+1.4%+6.7%+5.2%+5.3%
Depreciation10.429.698.908.928.869.007.427.43
Interest97.8897.55105100108117145141
Profit before tax224250415342173543413389
Tax64.0268.6890.9811239.0587.15101102
Net profit160182324231134455312287
EPS (β‚Ή)0.760.901.551.100.652.201.491.38
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue20,01219,86921,73320,28219,38215,40414,531
Revenue growth+0.7%-8.6%+7.2%+4.6%+25.8%+6.0%-
EBITDA7491,1041,3461,2441,182880787
EBITDA margin+3.7%+5.6%+6.2%+6.1%+6.1%+5.7%+5.4%
Profit before tax1,1021,5501,9391,6441,4061,156991
Net profit8001,1891,4631,2681,087941790
Net profit margin+4.0%+6.0%+6.7%+6.3%+5.6%+6.1%+5.4%
EPS (β‚Ή)3.845.707.026.085.224.513.79
Balance sheet
Total assets14,07414,39414,63913,53412,56911,2909,078
Net worth8,8638,6247,8676,4795,6314,9664,500
Total debt4,7825,4196,0336,4416,6435,9314,257
Cash & bank7843,7632,9971,8096,7852,042980
Net working capital6,7076,3825,5724,9537,8887,7215,819
Cash flow
Cash from operations(1,918)1,9232,939(4,028)4,806419(962)
Cash from investing9731,582(1,433)1,314(1,463)310124
Cash from financing(1,652)(1,487)(1,287)(1,048)(189)416827
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,3036,6484,5044,9353,9256,3454,5914,869
Revenue growth (YoY)+9.6%+4.8%-1.9%+1.3%-3.4%---
Other income152167235203201193284280
Total expenses4,1316,4284,2744,7233,8465,9554,3284,597
EBITDA17222023021178.87390263273
EBITDA margin+4.0%+3.3%+5.1%+4.3%+2.0%+6.1%+5.7%+5.6%
Depreciation10.399.668.878.898.828.967.387.38
Interest96.9496.9310499.62108117145141
Profit before tax217281352306163457395405
Tax61.2468.8687.9111035.3483.8599.56102

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,3216,6964,6845,1233,9096,4274,5674,855
Revenue growth (YoY)+10.6%+4.2%+2.6%+5.5%-4.1%---
Other income14789.05308234238236326281
EBITDA18526922121752.88433239256
EBITDA margin+4.3%+4.0%+4.7%+4.2%+1.4%+6.7%+5.2%+5.3%
Depreciation10.429.698.908.928.869.007.427.43
Interest97.8897.55105100108117145141
Profit before tax224250415342173543413389
Tax64.0268.6890.9811239.0587.15101102
Net profit160182324231134455312287
EPS (β‚Ή)0.760.901.551.100.652.201.491.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue20,41219,92321,87920,28219,38215,40414,531
Revenue growth+2.5%-8.9%+7.9%+4.6%+25.8%+6.0%-
Other income8691,0911,2661,077831808246
Total expenses19,64518,79320,52519,03518,19914,52413,757
Employee cost199188190191204208190
EBITDA7671,1311,3541,2461,183880773
EBITDA margin+3.8%+5.7%+6.2%+6.2%+6.1%+5.7%+5.3%
Depreciation36.3730.7420.9422.3220.9122.9220.29
Interest41954556858156445840.99
Profit before tax1,1811,6462,0301,7191,4301,207958
Tax311369479378319215201
Net profit8751,2781,5511,3421,110992757
Net profit margin+4.3%+6.4%+7.1%+6.6%+5.7%+6.4%+5.2%
EPS (β‚Ή)4.206.137.446.445.324.763.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital2,0852,0852,0852,0852,0852,0852,085
Reserves & surplus7,7377,4826,6375,1614,2403,5513,034
Shareholders' funds (net worth)9,8229,5678,7227,2466,3255,6365,119
Minority interest(3.74)0.300.170.000.000.000.00
Secured loans35.000.000.000.000.000.004,257
Unsecured loans4,7835,4196,0336,4416,6435,9310.00
Total debt4,8185,4196,0336,4416,6435,9314,257
Total liabilities15,07215,34415,49814,30113,26311,9609,697
Assets
Gross block1,2911,261565520504407384
Net block1,0251,027367355380292305
Capital work in progress0.000.3293.791.271.2053.4424.73
Investments2,6452,5552,3811,9041,8101,7301,588
Inventories1180.0064.7258.9349.9123.499.18
Sundry debtors5,3711,7821,067969938980835
Cash & bank balances9683,8863,1131,8536,8242,047982
Loans & advances7,1185,9995,4916,1646,9266,9346,690
Total current assets13,57511,6679,7359,04514,7389,9848,516
Total current liabilities6,6305,1354,0794,0436,8032,2612,697
Net working capital6,9466,5335,6565,0027,9357,7245,819
Total assets15,07215,34415,49814,30113,26311,9609,697
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3,1271,1048374,5941,421274285
Net cash from operating activities(1,889)1,8812,956(4,064)4,793419(962)
Net cash from investing activities9421,629(1,402)1,355(1,431)312124
Net cash from financing activities(1,624)(1,487)(1,287)(1,048)(189)416827
Net change in cash(2,571)2,023267(3,757)3,1731,148(11.43)
Closing cash9683,8863,1131,8536,8242,047982
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+2.5%-8.9%+7.9%+4.6%+25.8%+6.0%-
EBITDA growth-32.1%-16.5%+8.6%+5.4%+34.5%+13.8%-
PBT growth-28.3%-18.9%+18.1%+20.3%+18.5%+26.0%+11.8%
Net income growth-31.5%-17.6%+15.6%+20.9%+12.0%+31.1%-
Revenue CAGR (3Y)+0.2%+0.9%+12.4%+11.8%+24.4%+26.6%+34.9%
EBITDA CAGR (3Y)-14.9%-1.5%+15.4%+17.3%+30.6%+32.0%+40.0%
Profitability & leverage
Net income margin+4.3%+6.4%+7.1%+6.6%+5.7%+6.4%+5.2%
Return on capital employed+10.5%+14.2%+17.4%+16.7%+15.8%+15.4%+11.5%
Return on net worth+9.0%+14.0%+19.4%+19.8%+18.6%+18.4%+15.9%
Debt / equity0.530.630.780.961.050.950.77
Long-term debt / equity0.480.570.730.911.010.920.77
Interest cover57.3149.5442.6647.4948.5053.465.44
Efficiency & per share
Fixed asset turnover16.0021.8340.3239.5942.5438.9341.20
Inventory turnover344.62615.68353.88372.69528.11942.992,127.46
Debtors turnover5.7113.9921.4921.2720.2116.9819.73
EPS (β‚Ή)4.206.137.446.445.324.763.63
Dividend per share (β‚Ή)1.711.722.112.131.831.581.14
Book value per share (β‚Ή)47.1145.8841.8334.7530.3327.0324.55
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,3036,6484,5044,9353,9256,3454,5914,869
Revenue growth (YoY)+9.6%+4.8%-1.9%+1.3%-3.4%---
Other income152167235203201193284280
Total expenses4,1316,4284,2744,7233,8465,9554,3284,597
EBITDA17222023021178.87390263273
EBITDA margin+4.0%+3.3%+5.1%+4.3%+2.0%+6.1%+5.7%+5.6%
Depreciation10.399.668.878.898.828.967.387.38
Interest96.9496.9310499.62108117145141
Profit before tax217281352306163457395405
Tax61.2468.8687.9111035.3483.8599.56102
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue20,01219,86921,73320,28219,38215,40414,531
Revenue growth+0.7%-8.6%+7.2%+4.6%+25.8%+6.0%-
Other income8061,0191,1831,004809757266
Total expenses19,26318,76520,38619,03718,20014,52413,744
Employee cost193183184187203208190
EBITDA7491,1041,3461,2441,182880787
EBITDA margin+3.7%+5.6%+6.2%+6.1%+6.1%+5.7%+5.4%
Depreciation36.2330.6020.8222.2720.9022.9220.29
Interest41754256858156445840.99
Profit before tax1,1021,5501,9391,6441,4061,156991
Tax302362476376319215201
Net profit8001,1891,4631,2681,087941790
Net profit margin+4.0%+6.0%+6.7%+6.3%+5.6%+6.1%+5.4%
EPS (β‚Ή)3.845.707.026.085.224.513.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital2,0852,0852,0852,0852,0852,0852,085
Reserves & surplus6,7786,5395,7824,3943,5462,8812,415
Shareholders' funds (net worth)8,8638,6247,8676,4795,6314,9664,500
Secured loans0.000.000.000.000.000.004,257
Unsecured loans4,7825,4196,0336,4416,6435,9310.00
Total debt4,7825,4196,0336,4416,6435,9314,257
Total liabilities14,07414,39414,63913,53412,56911,2909,078
Assets
Gross block1,2911,260564520504407384
Net block1,0251,027366355379292305
Capital work in progress0.000.3293.791.271.2053.4424.73
Investments1,8981,7641,6111,1871,1631,060969
Inventories1180.0064.7258.9349.9123.499.18
Sundry debtors5,4161,7861,106969938982837
Cash & bank balances7843,7632,9971,8096,7852,042980
Loans & advances6,9025,9235,4986,1636,9256,9346,690
Total current assets13,22111,4729,6679,00014,6989,9818,516
Total current liabilities6,5145,0904,0954,0486,8102,2602,697
Net working capital6,7076,3825,5724,9537,8887,7215,819
Total assets14,07414,39414,63913,53412,56911,2909,078
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3,0451,0278084,5701,416272283
Net cash from operating activities(1,918)1,9232,939(4,028)4,806419(962)
Net cash from investing activities9731,582(1,433)1,314(1,463)310124
Net cash from financing activities(1,652)(1,487)(1,287)(1,048)(189)416827
Net change in cash(2,597)2,017220(3,762)3,1541,144(11.47)
Closing cash7843,7632,9971,8096,7852,042980
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.7%-8.6%+7.2%+4.6%+25.8%+6.0%-
EBITDA growth-32.2%-18.0%+8.2%+5.3%+34.3%+11.9%-
PBT growth-28.9%-20.1%+17.9%+16.9%+21.7%+16.6%+30.7%
Net income growth-32.7%-18.8%+15.4%+16.6%+15.6%+19.1%-
Revenue CAGR (3Y)-0.4%+0.8%+12.2%+11.8%+24.4%+26.8%+34.9%
EBITDA CAGR (3Y)-15.6%-2.2%+15.2%+16.5%+30.6%+32.0%+40.8%
Profitability & leverage
Net income margin+4.0%+6.0%+6.7%+6.3%+5.6%+6.1%+5.4%
Return on capital employed+10.7%+14.4%+17.8%+17.1%+16.5%+15.9%+12.9%
Return on net worth+9.2%+14.4%+20.4%+20.9%+20.5%+19.9%+19.2%
Debt / equity0.580.690.871.081.191.080.88
Long-term debt / equity0.530.630.811.021.131.050.88
Interest cover58.4950.5142.8947.5848.5753.455.35
Efficiency & per share
Fixed asset turnover15.6921.7840.0839.6042.5438.9341.20
Inventory turnover337.87614.01351.52372.69528.11942.982,127.46
Debtors turnover5.5613.7420.9421.2720.1916.9419.68
EPS (β‚Ή)3.845.707.026.085.224.513.79
Dividend per share (β‚Ή)1.711.722.112.131.831.581.14
Book value per share (β‚Ή)42.5141.3637.7331.0727.0123.8221.58

Web traffic of RVNL

The website of RVNL (rvnl.org) receives about 77.7K visits a month.

  • Monthly visits
    77.7K

    ▲ 20.4% vs previous month

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Top companies in Government Entities

2 companies that operate in the same segment as RVNL (Government Entities) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electricity generation and allied activities are conducted by NTPC.
1975Delhi, Delhi, IndiaUSD 22.95 B12,843
Government services and information are provided via the portal.
1950Chennai, Tamil Nadu, IndiaUSD 5.92 M48
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Exchange Update β€’ 24 days ago
Rail Vikas Nigam: East Coast Railway Cancels Video Surveillance System Agreement by Agreement, No Financial Effect
Exchange Update β€’ 1 month ago
Rail Vikas Nigam: Will Meet Analysts And Investors On September 28.
Exchange Update β€’ 1 month ago
RVNL: Wins ₹404.88 Crore Contract From East Coast Railway For Track And Infrastructure Projects
Exchange Update β€’ 1 month ago
Rail Vikas Nigam: Co Gets Approval Letter From East Coast Railway For Various Infrastructure Projects Valued At ₹404.88 Crore; Projects Include Roadbed, Bridges, And Electrification Between Khurda Road And Vizianagaram.
Exchange Update β€’ 1 month ago
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Frequently Asked Questions about RVNL

RVNL was founded in 2003.

RVNL is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

RVNL has 213 employees.

The primary company behind RVNL, Rail Vikas Nigam Limited, reported revenue of β‚Ή21,281 Cr for FY 2026, up 2% year on year.

Founded in 2003 and headquartered in Delhi, India, RVNL operates within the construction sector specializing in railway projects. Infrastructure deficits on Indian Railways are addressed through full project execution from concept to commissioning. Project-specific special purpose vehicles are established to manage initiatives. The companys focus remains on enhancing railway networks across India.

RVNL offers Web Applications and Browser Tools.

Yes, RVNL is publicly traded on NSE under the ticker symbol RVNL.

RVNL operates through Rail Vikas Nigam Limited.

The legal entities of RVNL currently have 11 directors, including Kalpana Dubey, Anupam Ban, Saleem Ahmad and others.

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