Rail Vikas Nigam Limited

BSE: 542649 NSE: RVNL
Rail Vikas Nigam Limited - infrastructure and utilities in New Delhi, Delhi, India. FY 2026 financials and compliance.
CIN L74999DL2003GOI118633 Incorporated 24 January 2003 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: RVNL · BSE: 542649 Public Limited Union Government Company infrastructure and utilities
Data last updated
Revenue · FY 2026
₹20,412 Cr
▲ 2.45% YoY
Computed EBITDA · FY 2026
₹1,542.71 Cr
▼ 27.4% YoY
Net profit · FY 2026
₹870.66 Cr
▼ 32.06% YoY
Authorised capital
₹3,000 Cr
Registered with MCA
Paid-up capital
₹2,085.02 Cr
Issued & subscribed
Open charges
₹905.3 Cr
Satisfied ₹38.96 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
928
Latest available

About Rail Vikas Nigam Limited

Data last updated: 14 July 2026

Rail Vikas Nigam Limited is a public limited union government company based in New Delhi, Delhi, India. It specialises in railway infrastructure development, a part of the broader infrastructure and utilities sector. Incorporated on 24 January 2003, the company has been in operation for over 23 years.

Registered with ROC Delhi under CIN L74999DL2003GOI118633. Listed on BSE: 542649 and NSE: RVNL.

Capital: an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,085.02 Cr. It is led by directors including Anupam Ban and Surender Singh.

Last AGM: 28 August 2025. Financial statements filed for year ended 31 March 2025. Office: World Trade Center Tower A, 6Th To 9Th Floor, New Delhi, Delhi, India – 110029.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹20,412 Cr, a growth of 2.45% compared to the previous year. The net worth stands at ₹9,818.1 Cr (up 2.58% YoY). Total assets are valued at ₹21,702 Cr (up 5.96% YoY).

The company has a workforce of approximately 928 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand - Rvnl. As per MCA filings, the company has open charges of ₹905.3 Cr and satisfied charges of ₹38.96 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rvnl.org.

Company Details of Rail Vikas Nigam Limited
CIN L74999DL2003GOI118633
Registration Number 118633
Incorporation Date 24 January 2003
ROC Delhi
Listing Status Listed (BSE: 542649, NSE: RVNL)
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Abhishek Kumar Whole-Time Director Mritunjay Pratap Singh Whole-Time Director Anupam Ban Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    rvnl.org
  • Social Media
  • Registered Address
    World Trade Center Tower A, 6Th To 9Th Floor, New Delhi, Delhi, India – 110029
  • Industry
    Infrastructure and Utilities, Railway Infrastructure Development
Company report
Rail Vikas Nigam Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Rail Vikas Nigam Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Rail Vikas Nigam Limited

Rail Vikas Nigam Limited has one previous CIN (Corporate Identification Number): U74999DL2003GOI118633. The current CIN is L74999DL2003GOI118633, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L74999DL2003GOI118633 Current
U74999DL2003GOI118633 Previous

Associated Brands with Rail Vikas Nigam Limited

Rail Vikas Nigam Limited operates one associated brand: RVNL. These brands represent Rail Vikas Nigam Limited's diversified market presence and brand portfolio.

Brand Description Website
RVNL
Indian railway infrastructure is constructed and improved by RVNL. rvnl.org

Business Activity of Rail Vikas Nigam Limited

Rail Vikas Nigam Limited is engaged in the principal business activity of construction, with detailed activities including roads, railways, utility projects.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
F Construction F2 Roads, railways, Utility projects Locked
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Business activity turnover details for Rail Vikas Nigam Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Rail Vikas Nigam Limited

Rail Vikas Nigam Limited is audited by Gandhi Minocha & Co. (ICAI peer reviewed, certificate valid till 2027-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Gandhi Minocha & Co. (ICAI peer reviewed, certificate valid till 2027-05-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Rail Vikas Nigam Limited

Rail Vikas Nigam Limited is currently managed by 8 directors, with 64 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Anupam Ban
Also directs: Hsrc Infra Services Limited
Director 09 Feb 2023 3 Years 5 Months Current
Surender Singh Director 15 May 2025 1 Years 2 Months Current
Abhishek Kumar
Also directs: Indian Railway Finance Corporation Limited
Whole-Time Director 05 Jun 2025 1 Years 1 Months Current
Mritunjay Pratap Singh
Also directs: Hsrc Infra Services Limited
Whole-Time Director 26 Nov 2024 1 Years 8 Months Current
Naresh Chandra Karmali Nominee Director 20 May 2024 2 Years 2 Months Current
Saleem Ahmad
Also directs: Hsrc Infra Services Limited, Ircon International Limited, Real Estate Development & Construction Corporation Of Rajasthan Limited
Additional Director 23 Dec 2025 0 Years 7 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Rail Vikas Nigam Limited FY 2026 filings available

Rail Vikas Nigam Limited reported revenue of ₹20,412 Cr (up 2.45% YoY) for FY 2026.

Revenue · FY 2026
₹20,412 Cr ▲ 2.45%
Profit · FY 2026
₹870.66 Cr ▼ 32.06%
Computed EBITDA · FY 2026
₹1,542.71 Cr ▼ 27.4%
Revenue₹ Cr · Consolidated010,00020,00030,000FY 2020: ₹14,531 Cr14,531FY 2020FY 2021: ₹15,404 Cr · +6% YoY15,404+6%FY 2021FY 2022: ₹19,382 Cr · +25.8% YoY19,382+25.8%FY 2022FY 2023: ₹20,282 Cr · +4.6% YoY20,282+4.6%FY 2023FY 2024: ₹21,889 Cr · +7.9% YoY21,889+7.9%FY 2024FY 2025: ₹19,923 Cr · -9% YoY19,923-9%FY 2025FY 2026: ₹20,412 Cr · +2.5% YoY20,412+2.5%FY 2026
Net Profit₹ Cr · Consolidated01,0002,000FY 2020: ₹753 Cr753FY 2020FY 2021: ₹922 Cr · +22.4% YoY922+22.4%FY 2021FY 2022: ₹1,183 Cr · +28.2% YoY1,183+28.2%FY 2022FY 2023: ₹1,421 Cr · +20.1% YoY1,421+20.1%FY 2023FY 2024: ₹1,574 Cr · +10.8% YoY1,574+10.8%FY 2024FY 2025: ₹1,282 Cr · -18.6% YoY1,282-18.6%FY 2025FY 2026: ₹871 Cr · -32.1% YoY871-32.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,5005,0007,500Q1'25: ₹4,074 Cr · -26.9% YoY4,074-26.9%Q1'25Q2'25: ₹4,855 Cr · -1.2% YoY4,855-1.2%Q2'25Q3'25: ₹4,567 Cr · -2.6% YoY4,567-2.6%Q3'25Q4'25: ₹6,427 Cr · -4.3% YoY6,427-4.3%Q4'25Q1'26: ₹3,909 Cr · -4.1% YoY3,909-4.1%Q1'26Q2'26: ₹5,123 Cr · +5.5% YoY5,123+5.5%Q2'26Q3'26: ₹4,684 Cr · +2.6% YoY4,684+2.6%Q3'26Q4'26: ₹6,696 Cr · +4.2% YoY6,696+4.2%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹20,412 Cr ₹19,923 Cr ₹21,889 Cr ₹20,282 Cr ₹19,382 Cr ₹15,404 Cr ₹14,531 Cr
Other Income ₹775.23 Cr ₹999.78 Cr ₹1,185.57 Cr ₹996.47 Cr ₹800.23 Cr ₹309.32 Cr ₹245.68 Cr
Total Income ₹21,187 Cr ₹20,923 Cr ₹23,075 Cr ₹21,278 Cr ₹20,182 Cr ₹15,713 Cr ₹14,776 Cr
Cost of Materials Consumed ₹19,187 Cr ₹18,406 Cr ₹20,182 Cr ₹18,720 Cr ₹17,903 Cr ₹14,229 Cr ₹13,416 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹199.43 Cr ₹187.73 Cr ₹188.91 Cr ₹190.68 Cr ₹204.36 Cr ₹207.78 Cr ₹189.94 Cr
Finance Costs ₹418.98 Cr ₹539.52 Cr ₹568.49 Cr ₹581.37 Cr ₹563.71 Cr ₹28.27 Cr ₹40.99 Cr
Depreciation & Amortisation ₹36.37 Cr ₹30.74 Cr ₹20.94 Cr ₹22.32 Cr ₹20.91 Cr ₹22.92 Cr ₹20.29 Cr
Other Expenses ₹258.03 Cr ₹203.88 Cr ₹165.63 Cr ₹124.1 Cr ₹90.98 Cr ₹86.71 Cr ₹138.34 Cr
Total Expenses ₹20,100 Cr ₹19,368 Cr ₹21,126 Cr ₹19,638 Cr ₹18,783 Cr ₹14,575 Cr ₹13,805 Cr
Profit Before Exceptional Items & Tax ₹1,087.36 Cr ₹1,554.62 Cr ₹1,948.97 Cr ₹1,639.55 Cr ₹1,398.65 Cr ₹1,137.99 Cr ₹970.9 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,087.36 Cr ₹1,554.62 Cr ₹1,948.97 Cr ₹1,639.55 Cr ₹1,398.65 Cr ₹1,137.99 Cr ₹970.9 Cr
Total Tax Expense ₹310.58 Cr ₹368.51 Cr ₹479.44 Cr ₹377.6 Cr ₹319.48 Cr ₹215.14 Cr ₹200.99 Cr
Net Profit ₹870.66 Cr ₹1,281.52 Cr ₹1,574.47 Cr ₹1,420.55 Cr ₹1,182.69 Cr ₹922.41 Cr ₹753.32 Cr
  attributable to Owners ₹874.69 Cr ₹1,281.39 Cr ₹1,574.3 Cr ₹1,420.55 Cr ₹1,182.69 Cr ₹922.41 Cr ₹753.32 Cr
  attributable to NCI -₹4.04 Cr ₹13 Lakh ₹17 Lakh ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹16 Lakh ₹7.75 Cr ₹24 Lakh ₹1.05 Cr -₹28 Lakh ₹62 Lakh -₹2.04 Cr
Total Comprehensive Income ₹870.5 Cr ₹1,289.27 Cr ₹1,574.71 Cr ₹1,421.6 Cr ₹1,182.41 Cr ₹923.03 Cr ₹751.28 Cr
EBITDA (computed) ₹1,542.71 Cr ₹2,124.88 Cr ₹2,538.4 Cr ₹2,243.24 Cr ₹1,983.27 Cr ₹1,189.18 Cr ₹1,032.17 Cr
Basic EPS ₹4.20 ₹6.15 ₹7.55 ₹6.81 ₹5.67 ₹4.42 ₹3.61
Diluted EPS ₹4.20 ₹6.15 ₹7.55 ₹6.81 ₹5.67 ₹4.42 ₹3.61
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹21,702 Cr ₹20,482 Cr ₹19,612 Cr ₹18,422 Cr
Non-current Assets ₹8,126.66 Cr ₹8,814.38 Cr ₹9,866.2 Cr ₹9,376.99 Cr
Current Assets ₹13,575 Cr ₹11,667 Cr ₹9,745.79 Cr ₹9,045.34 Cr
Property, Plant & Equipment ₹574.32 Cr ₹537.45 Cr ₹28.86 Cr ₹26.63 Cr
Inventories ₹118.46 Cr ₹0 ₹0 ₹0
Trade Receivables ₹5,370.52 Cr ₹1,485.58 Cr ₹1,077.38 Cr ₹969.3 Cr
Cash & Equivalents ₹556.32 Cr ₹3,127.46 Cr ₹1,104.05 Cr ₹836.67 Cr
Equity (Net Worth) ₹9,818.1 Cr ₹9,571.01 Cr ₹8,745.85 Cr ₹7,325.12 Cr
Equity Share Capital ₹2,085.02 Cr ₹2,085.02 Cr ₹2,085.02 Cr ₹2,085.02 Cr
Borrowings (Non-current) ₹4,321.02 Cr ₹4,889.51 Cr ₹5,515.77 Cr ₹6,030.59 Cr
Borrowings (Current) ₹492.7 Cr ₹499.5 Cr ₹471.99 Cr ₹377.28 Cr
Total Debt (computed) ₹4,813.72 Cr ₹5,389.01 Cr ₹5,987.76 Cr ₹6,407.87 Cr
Current Liabilities ₹7,125.77 Cr ₹5,652.21 Cr ₹4,579.32 Cr ₹4,442.12 Cr
Total Liabilities ₹11,884 Cr ₹10,911 Cr ₹10,866 Cr ₹11,097 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹1,893.93 Cr ₹1,878.19 Cr ₹2,954.43 Cr -₹4,076.25 Cr ₹4,800.12 Cr
Investing Cash Flow ₹941.94 Cr ₹1,629.4 Cr -₹1,399.09 Cr ₹1,354.97 Cr -₹1,426.75 Cr
Financing Cash Flow -₹1,618.97 Cr -₹1,484.17 Cr -₹1,286.56 Cr -₹1,036.02 Cr -₹186.78 Cr
Capital Expenditure ₹60.96 Cr ₹431.75 Cr ₹116.36 Cr ₹10.13 Cr ₹14.25 Cr
Free Cash Flow (computed) -₹1,954.89 Cr ₹1,446.44 Cr ₹2,838.07 Cr -₹4,086.38 Cr ₹4,785.87 Cr
Dividends Paid ₹573.35 Cr ₹439.94 Cr ₹443.93 Cr ₹421.17 Cr ₹421.17 Cr
Net Change in Cash -₹2,571.15 Cr ₹2,023.41 Cr ₹267.38 Cr -₹3,757.3 Cr ₹3,186.59 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,695.91 Cr ₹4,684.46 Cr ₹5,122.98 Cr ₹3,908.77 Cr ₹6,426.88 Cr ₹4,567.38 Cr ₹4,854.95 Cr ₹4,073.8 Cr ₹6,714.01 Cr ₹4,689.33 Cr ₹4,914.32 Cr ₹5,571.57 Cr
Other Income ₹84.98 Cr ₹251.68 Cr ₹210.38 Cr ₹228.19 Cr ₹187.02 Cr ₹268.68 Cr ₹281.12 Cr ₹262.96 Cr ₹280.3 Cr ₹327.64 Cr ₹296.02 Cr ₹281.61 Cr
Total Income ₹6,780.89 Cr ₹4,936.14 Cr ₹5,333.36 Cr ₹4,136.96 Cr ₹6,613.9 Cr ₹4,836.06 Cr ₹5,136.07 Cr ₹4,336.75 Cr ₹6,994.31 Cr ₹5,016.97 Cr ₹5,210.34 Cr ₹5,853.18 Cr
Cost of Materials Consumed ₹6,318.68 Cr ₹4,354.14 Cr ₹4,767.02 Cr ₹3,695.6 Cr ₹5,893.29 Cr ₹4,219.28 Cr ₹4,499.49 Cr ₹3,794.25 Cr ₹6,162.49 Cr ₹4,339.96 Cr ₹4,542.81 Cr ₹5,136.6 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹45.98 Cr ₹50.8 Cr ₹52.6 Cr ₹50.05 Cr ₹44.75 Cr ₹50.66 Cr ₹45.35 Cr ₹46.97 Cr ₹45.47 Cr ₹50.81 Cr ₹46.05 Cr ₹46.58 Cr
Finance Costs ₹97.55 Cr ₹104.79 Cr ₹100.01 Cr ₹108.17 Cr ₹116.98 Cr ₹144.59 Cr ₹140.61 Cr ₹137.34 Cr ₹150.36 Cr ₹139.38 Cr ₹132.69 Cr ₹146.05 Cr
Depreciation & Amortisation ₹9.69 Cr ₹8.9 Cr ₹8.92 Cr ₹8.86 Cr ₹9 Cr ₹7.42 Cr ₹7.43 Cr ₹6.89 Cr ₹4.39 Cr ₹4.83 Cr ₹6.22 Cr ₹5.5 Cr
Other Expenses ₹62.72 Cr ₹58.8 Cr ₹86.45 Cr ₹110.24 Cr ₹56.06 Cr ₹58.13 Cr ₹38.64 Cr ₹51.05 Cr ₹49.71 Cr ₹49.46 Cr ₹27.17 Cr ₹39.29 Cr
Total Expenses ₹6,534.62 Cr ₹4,577.43 Cr ₹5,015 Cr ₹3,972.92 Cr ₹6,120.08 Cr ₹4,480.08 Cr ₹4,731.52 Cr ₹4,036.5 Cr ₹6,412.42 Cr ₹4,584.44 Cr ₹4,754.94 Cr ₹5,374.02 Cr
Profit Before Exceptional Items & Tax ₹246.27 Cr ₹358.71 Cr ₹318.36 Cr ₹164.04 Cr ₹493.82 Cr ₹355.98 Cr ₹404.55 Cr ₹300.25 Cr ₹581.89 Cr ₹432.53 Cr ₹455.4 Cr ₹479.16 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹246.27 Cr ₹358.71 Cr ₹318.36 Cr ₹164.04 Cr ₹493.82 Cr ₹355.98 Cr ₹404.55 Cr ₹300.25 Cr ₹581.89 Cr ₹432.53 Cr ₹455.4 Cr ₹479.16 Cr
Total Tax Expense ₹68.68 Cr ₹90.98 Cr ₹111.87 Cr ₹39.05 Cr ₹87.08 Cr ₹101.32 Cr ₹102.41 Cr ₹77.69 Cr ₹146.56 Cr ₹103.98 Cr ₹85.19 Cr ₹143.71 Cr
Net Profit ₹181.66 Cr ₹324.14 Cr ₹230.52 Cr ₹134.36 Cr ₹459.12 Cr ₹311.58 Cr ₹286.9 Cr ₹223.92 Cr ₹478.39 Cr ₹358.57 Cr ₹394.42 Cr ₹343.09 Cr
  attributable to Owners ₹187.07 Cr ₹322.83 Cr ₹230.29 Cr ₹134.53 Cr ₹459.15 Cr ₹311.44 Cr ₹286.88 Cr ₹223.93 Cr ₹478.56 Cr ₹358.57 Cr ₹394.26 Cr ₹342.9 Cr
  attributable to NCI -₹5.41 Cr ₹1.31 Cr ₹23 Lakh -₹17 Lakh -₹3 Lakh ₹14 Lakh ₹2 Lakh -₹20,000 -₹18 Lakh ₹0 ₹16 Lakh ₹19 Lakh
Other Comprehensive Income ₹11.12 Cr ₹3.55 Cr -₹14.27 Cr -₹56 Lakh ₹8.01 Cr -₹9 Lakh -₹9 Lakh -₹8.3 Lakh ₹43 Lakh -₹6 Lakh -₹16 Lakh ₹4 Lakh
Total Comprehensive Income ₹192.78 Cr ₹327.69 Cr ₹216.25 Cr ₹133.8 Cr ₹467.13 Cr ₹311.49 Cr ₹286.81 Cr ₹223.84 Cr ₹478.82 Cr ₹358.51 Cr ₹394.26 Cr ₹343.13 Cr
EBITDA (computed) ₹353.51 Cr ₹472.4 Cr ₹427.29 Cr ₹281.07 Cr ₹619.8 Cr ₹507.99 Cr ₹552.59 Cr ₹444.48 Cr ₹736.64 Cr ₹576.74 Cr ₹594.31 Cr ₹630.71 Cr
Basic EPS ₹0.90 ₹1.55 ₹1.10 ₹0.65 ₹2.20 ₹1.49 ₹1.38 ₹1.07 ₹2.29 ₹1.72 ₹1.89 ₹1.65
Diluted EPS ₹0.90 ₹1.55 ₹1.10 ₹0.65 ₹2.20 ₹1.49 ₹1.38 ₹1.07 ₹2.29 ₹1.72 ₹1.89 ₹1.65
Latest 12 quarters shown of 25 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹20,012 Cr ₹19,869 Cr ₹21,733 Cr ₹20,282 Cr ₹19,382 Cr ₹15,404 Cr ₹14,531 Cr
Other Income ₹806.49 Cr ₹1,018.89 Cr ₹1,182.55 Cr ₹1,003.94 Cr ₹809.26 Cr ₹326.75 Cr ₹265.58 Cr
Total Income ₹20,819 Cr ₹20,888 Cr ₹22,915 Cr ₹21,286 Cr ₹20,191 Cr ₹15,730 Cr ₹14,796 Cr
Cost of Materials Consumed ₹18,822 Cr ₹18,385 Cr ₹20,041 Cr ₹18,728 Cr ₹17,906 Cr ₹14,230 Cr ₹13,416 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹193.13 Cr ₹182.98 Cr ₹184.18 Cr ₹187.16 Cr ₹203.19 Cr ₹207.76 Cr ₹189.94 Cr
Finance Costs ₹416.79 Cr ₹539.51 Cr ₹568.49 Cr ₹581.37 Cr ₹563.71 Cr ₹28.27 Cr ₹40.99 Cr
Depreciation & Amortisation ₹36.23 Cr ₹30.6 Cr ₹20.82 Cr ₹22.27 Cr ₹20.9 Cr ₹22.92 Cr ₹20.29 Cr
Other Expenses ₹248.67 Cr ₹199.78 Cr ₹161 Cr ₹122.73 Cr ₹91.5 Cr ₹86.2 Cr ₹138.29 Cr
Total Expenses ₹19,716 Cr ₹19,338 Cr ₹20,976 Cr ₹19,641 Cr ₹18,785 Cr ₹14,575 Cr ₹13,805 Cr
Profit Before Exceptional Items & Tax ₹1,102.27 Cr ₹1,550.17 Cr ₹1,939.4 Cr ₹1,644.38 Cr ₹1,406.1 Cr ₹1,155.67 Cr ₹990.84 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,102.27 Cr ₹1,550.17 Cr ₹1,939.4 Cr ₹1,644.38 Cr ₹1,406.1 Cr ₹1,155.67 Cr ₹990.84 Cr
Total Tax Expense ₹301.79 Cr ₹361.55 Cr ₹476.45 Cr ₹376.42 Cr ₹318.89 Cr ₹215.12 Cr ₹200.98 Cr
Net Profit ₹800.48 Cr ₹1,188.62 Cr ₹1,462.95 Cr ₹1,267.96 Cr ₹1,087.21 Cr ₹940.55 Cr ₹789.86 Cr
Other Comprehensive Income ₹5.75 Cr ₹7.77 Cr ₹24 Lakh ₹91 Lakh -₹20 Lakh ₹62 Lakh -₹2.05 Cr
Total Comprehensive Income ₹806.23 Cr ₹1,196.39 Cr ₹1,463.19 Cr ₹1,268.87 Cr ₹1,087.01 Cr ₹941.17 Cr ₹787.81 Cr
EBITDA (computed) ₹1,555.29 Cr ₹2,120.28 Cr ₹2,528.71 Cr ₹2,248.02 Cr ₹1,990.71 Cr ₹1,206.86 Cr ₹1,052.11 Cr
Basic EPS ₹3.84 ₹5.70 ₹7.02 ₹6.08 ₹5.21 ₹4.51 ₹3.79
Diluted EPS ₹3.84 ₹5.70 ₹7.02 ₹6.08 ₹5.21 ₹4.51 ₹3.79
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹20,588 Cr ₹19,485 Cr ₹18,734 Cr ₹17,581 Cr
Non-current Assets ₹7,367.22 Cr ₹8,012.02 Cr ₹9,066.93 Cr ₹8,581.09 Cr
Current Assets ₹13,221 Cr ₹11,473 Cr ₹9,666.6 Cr ₹9,000.36 Cr
Property, Plant & Equipment ₹574.11 Cr ₹537.21 Cr ₹28.62 Cr ₹26.48 Cr
Inventories ₹118.46 Cr ₹0 ₹0 ₹0
Trade Receivables ₹5,416.47 Cr ₹1,489.51 Cr ₹1,106.48 Cr ₹969.3 Cr
Cash & Equivalents ₹447.76 Cr ₹3,044.8 Cr ₹1,027.49 Cr ₹807.53 Cr
Equity (Net Worth) ₹8,862.82 Cr ₹8,623.72 Cr ₹7,867.28 Cr ₹6,479.15 Cr
Equity Share Capital ₹2,085.02 Cr ₹2,085.02 Cr ₹2,085.02 Cr ₹2,085.02 Cr
Borrowings (Non-current) ₹4,286.02 Cr ₹4,889.51 Cr ₹5,515.77 Cr ₹6,030.58 Cr
Borrowings (Current) ₹491.17 Cr ₹499.51 Cr ₹472 Cr ₹377.29 Cr
Total Debt (computed) ₹4,777.19 Cr ₹5,389.02 Cr ₹5,987.77 Cr ₹6,407.87 Cr
Current Liabilities ₹7,008.7 Cr ₹5,608.3 Cr ₹4,583.5 Cr ₹4,447.35 Cr
Total Liabilities ₹11,725 Cr ₹10,861 Cr ₹10,866 Cr ₹11,102 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹1,922.64 Cr ₹1,919.9 Cr ₹2,939.27 Cr -₹4,080.06 Cr ₹4,812.85 Cr
Investing Cash Flow ₹973.2 Cr ₹1,581.62 Cr -₹1,431.35 Cr ₹1,353.66 Cr -₹1,472.09 Cr
Financing Cash Flow -₹1,647.41 Cr -₹1,484.17 Cr -₹1,286.56 Cr -₹1,036 Cr -₹186.78 Cr
Capital Expenditure ₹60.84 Cr ₹431.63 Cr ₹116.17 Cr ₹10.01 Cr ₹14.13 Cr
Free Cash Flow (computed) -₹1,983.48 Cr ₹1,488.27 Cr ₹2,823.1 Cr -₹4,090.07 Cr ₹4,798.72 Cr
Dividends Paid ₹566.78 Cr ₹439.94 Cr ₹443.93 Cr ₹421.17 Cr ₹421.17 Cr
Net Change in Cash -₹2,597.04 Cr ₹2,017.31 Cr ₹219.96 Cr ₹807.53 Cr ₹3,153.98 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,648.4 Cr ₹4,503.97 Cr ₹4,934.59 Cr ₹3,925.3 Cr ₹6,345.11 Cr ₹4,590.75 Cr ₹4,869.22 Cr ₹4,064.27 Cr ₹6,700.69 Cr ₹4,675.85 Cr ₹4,909.79 Cr ₹5,446.25 Cr
Other Income ₹167.45 Cr ₹234.52 Cr ₹203.2 Cr ₹201.31 Cr ₹193.41 Cr ₹283.57 Cr ₹279.85 Cr ₹262.06 Cr ₹279.29 Cr ₹326.45 Cr ₹296.45 Cr ₹280.36 Cr
Total Income ₹6,815.85 Cr ₹4,738.49 Cr ₹5,137.79 Cr ₹4,126.61 Cr ₹6,538.52 Cr ₹4,874.32 Cr ₹5,149.07 Cr ₹4,326.33 Cr ₹6,979.98 Cr ₹5,002.3 Cr ₹5,206.24 Cr ₹5,726.61 Cr
Cost of Materials Consumed ₹6,291.81 Cr ₹4,177.17 Cr ₹4,611.34 Cr ₹3,689.61 Cr ₹5,858.33 Cr ₹4,221.03 Cr ₹4,514.3 Cr ₹3,791.55 Cr ₹6,153.87 Cr ₹4,331.43 Cr ₹4,541.66 Cr ₹5,014.28 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹43.54 Cr ₹49.53 Cr ₹51.18 Cr ₹48.88 Cr ₹43.22 Cr ₹49.49 Cr ₹44.23 Cr ₹46.03 Cr ₹44.39 Cr ₹49.68 Cr ₹44.62 Cr ₹45.49 Cr
Finance Costs ₹96.93 Cr ₹103.62 Cr ₹99.62 Cr ₹108.17 Cr ₹116.97 Cr ₹144.59 Cr ₹140.61 Cr ₹137.34 Cr ₹150.75 Cr ₹138.99 Cr ₹132.69 Cr ₹146.05 Cr
Depreciation & Amortisation ₹9.66 Cr ₹8.87 Cr ₹8.89 Cr ₹8.82 Cr ₹8.96 Cr ₹7.38 Cr ₹7.38 Cr ₹6.87 Cr ₹4.34 Cr ₹4.8 Cr ₹6.19 Cr ₹5.48 Cr
Other Expenses ₹92.78 Cr ₹47.16 Cr ₹60.97 Cr ₹107.94 Cr ₹53.85 Cr ₹57.28 Cr ₹38.03 Cr ₹50.61 Cr ₹47.36 Cr ₹48.46 Cr ₹26.42 Cr ₹38.76 Cr
Total Expenses ₹6,534.72 Cr ₹4,386.35 Cr ₹4,832 Cr ₹3,963.42 Cr ₹6,081.33 Cr ₹4,479.77 Cr ₹4,744.55 Cr ₹4,032.4 Cr ₹6,400.71 Cr ₹4,573.36 Cr ₹4,751.58 Cr ₹5,250.06 Cr
Profit Before Exceptional Items & Tax ₹281.13 Cr ₹352.14 Cr ₹305.79 Cr ₹163.19 Cr ₹457.19 Cr ₹394.55 Cr ₹404.52 Cr ₹293.94 Cr ₹579.27 Cr ₹428.94 Cr ₹454.66 Cr ₹476.55 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹281.13 Cr ₹352.14 Cr ₹305.79 Cr ₹163.19 Cr ₹457.19 Cr ₹394.55 Cr ₹404.52 Cr ₹293.94 Cr ₹579.27 Cr ₹428.94 Cr ₹454.66 Cr ₹476.55 Cr
Total Tax Expense ₹68.86 Cr ₹87.91 Cr ₹109.68 Cr ₹35.34 Cr ₹83.85 Cr ₹99.56 Cr ₹102.01 Cr ₹76.13 Cr ₹145.95 Cr ₹102.96 Cr ₹84.57 Cr ₹142.98 Cr
Net Profit ₹212.27 Cr ₹264.23 Cr ₹196.11 Cr ₹127.85 Cr ₹373.34 Cr ₹294.99 Cr ₹302.51 Cr ₹217.81 Cr ₹433.32 Cr ₹325.98 Cr ₹370.09 Cr ₹333.57 Cr
Other Comprehensive Income ₹7.36 Cr -₹54 Lakh -₹54 Lakh -₹54 Lakh ₹8.03 Cr -₹9 Lakh -₹9 Lakh -₹8.3 Lakh ₹43 Lakh -₹6 Lakh -₹16 Lakh ₹4 Lakh
Total Comprehensive Income ₹219.63 Cr ₹263.69 Cr ₹195.57 Cr ₹127.31 Cr ₹381.37 Cr ₹294.9 Cr ₹302.42 Cr ₹217.72 Cr ₹433.75 Cr ₹325.92 Cr ₹369.93 Cr ₹333.61 Cr
EBITDA (computed) ₹387.72 Cr ₹464.63 Cr ₹414.3 Cr ₹280.18 Cr ₹583.12 Cr ₹546.52 Cr ₹552.51 Cr ₹438.14 Cr ₹734.36 Cr ₹572.73 Cr ₹593.54 Cr ₹628.08 Cr
Basic EPS ₹1.02 ₹1.27 ₹0.94 ₹0.61 ₹1.79 ₹1.41 ₹1.45 ₹1.05 ₹2.08 ₹1.56 ₹1.77 ₹1.60
Diluted EPS ₹1.02 ₹1.27 ₹0.94 ₹0.61 ₹1.79 ₹1.41 ₹1.45 ₹1.05 ₹2.08 ₹1.56 ₹1.77 ₹1.60
Latest 12 quarters shown of 25 on record.
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Shareholding Pattern of Rail Vikas Nigam Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 72.84%, foreign institutional investors hold 4.86%, domestic institutional investors hold 6.42%, retail and other public shareholders hold 15.87% of Rail Vikas Nigam Limited. The company had 2,190,491 shareholders on record.

Promoters: 72.84%DII (Domestic Institutional): 6.42%FII (Foreign Institutional): 4.86%Retail & Others: 15.87%
Mar 2026
QUARTER
72.84% Promoters
6.42% DII (Domestic Institutional)
4.86% FII (Foreign Institutional)
15.87% Retail & Others
Promoter holding - history
Now 72.84% · Mar 2026High 87.84% · Mar 2019Low 72.84% · Jul 2023
71%75.5%80%84.5%89%Mar 2019Dec 2020Sep 2022Mar 2024Dec 2025Mar 2019: 87.84%Jun 2019: 87.84%Sep 2019: 87.84%Dec 2019: 87.84%Mar 2020: 87.84%Jun 2020: 87.84%Sep 2020: 87.84%Dec 2020: 87.84%Mar 2021: 78.21%Jun 2021: 78.20%Sep 2021: 78.20%Dec 2021: 78.20%Mar 2022: 78.20%Jun 2022: 78.20%Sep 2022: 78.20%Dec 2022: 78.20%Mar 2023: 78.20%Jun 2023: 78.20%Jul 2023: 72.84%Sep 2023: 72.84%Dec 2023: 72.84%Mar 2024: 72.84%Jun 2024: 72.84%Sep 2024: 72.84%Dec 2024: 72.84%Mar 2025: 72.84%Jun 2025: 72.84%Sep 2025: 72.84%Dec 2025: 72.84%Mar 2026: 72.84%87.84%72.84%72.84%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters72.84%72.84%72.84%72.84%72.84%72.84%
Public27.16%27.16%27.16%27.16%27.16%27.16%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019
Promoters72.84%72.84%72.84%78.20%78.20%78.21%87.84%87.84%
Public27.16%27.16%27.16%21.80%21.80%21.79%12.16%12.16%
Promoter change (YoY, %pts)+0.00+0.00-5.36+0.00-0.01-9.63+0.00-

Board & Governance of Rail Vikas Nigam Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Rail Vikas Nigam Limited has 8 directors - 1 independent and 5 executive. The board is chaired by Saleem Ahmad.

DirectorPositionOn board sinceListed boards
Saleem Ahmad Executive Director · MD · Chairperson 2025-12-23 1
Anupam Ban Executive Director 2023-02-09 1
Mritunjay Pratap Singh Executive Director 2024-11-26 1
Abhishek Kumar Executive Director 2025-06-05 2
Amit Tandon Executive Director 2026-01-02 1
Naresh Chandra Karmali Non-Executive - Nominee Director 2024-05-20 1
Prem Sagar Gupta Non-Executive - Nominee Director 2024-11-06 0
Bhartesh Kumar Jain Non-Executive - Nominee Director 2026-01-28 1
Surender Singh Non-Executive - Independent Director 2025-05-15 1
Board Committees
CommitteeMembers
Audit Committee Surender Singh (Chairperson), Mritunjay Pratap Singh, Naresh Chandra Karmali, Anupam Ban
Nomination and remuneration committee Surender Singh (Chairperson), Naresh Chandra Karmali, Prem Sagar Gupta, Amit Tandon, Bhartesh Kumar Jain
Stakeholders Relationship Committee Surender Singh (Chairperson), Mritunjay Pratap Singh, Naresh Chandra Karmali, Prem Sagar Gupta, Amit Tandon
Risk Management Committee Mritunjay Pratap Singh (Chairperson), Surender Singh, Anupam Ban, Naresh Chandra Karmali
Corporate Social Responsibility Committee Anupam Ban (Chairperson), Mritunjay Pratap Singh, Prem Sagar Gupta, Surender Singh, Amit Tandon

Group Structure of Rail Vikas Nigam Limited

Rail Vikas Nigam Limited has 2 subsidiary companies and 12 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Rail Vikas Nigam Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
12
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Masakani Paradeep Road Vikas Limited U42101OD2023GOI043519 -
Hsrc Infra Services Limited U45204DL2012GOI239289 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Rail Vikas Nigam Limited

Open charges
₹905.3 Cr
Satisfied charges
₹38.96 Cr
Breakdown by lending institutions
Others₹905.30 Cr
Latest charge details
DateLenderAmountStatus
05 Mar 2025 Others ₹35.3 Cr Open
19 Jan 2023 Others ₹870 Cr Open
07 Apr 2022 Others ₹38.96 Cr Satisfied

Total charge records: 3 View all charges

Employees and EPFO Compliance at Rail Vikas Nigam Limited

Rail Vikas Nigam Limited has a workforce of 928 employees as of Apr 05, 2024.

Employee count
928
Active EPFO establishments
1
Employee growth
-12.29%
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Employee and EPFO history for Rail Vikas Nigam Limited

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GST Compliance of Rail Vikas Nigam Limited

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Credit Ratings, Litigation & Regulatory Alerts for Rail Vikas Nigam Limited

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MSME Payment Delays by Rail Vikas Nigam Limited

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Subsidiaries & Group Companies of Rail Vikas Nigam Limited

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Corporate group structure for Rail Vikas Nigam Limited

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MCA Filings & Documents of Rail Vikas Nigam Limited

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Recent Activity on Rail Vikas Nigam Limited

Directors
28 Jan 2026
Bhartesh Kumar Jain was appointed as a Additional Director on 28 Jan 2026 & has been associated with this company since 5 months 29 days.
Directors
08 Jan 2026
Saleem Ahmad was appointed as a Ceo on 08 Jan 2026 & has been associated with this company since 6 months 19 days.
Directors
02 Jan 2026
Amit Tandon was appointed as a Additional Director on 02 Jan 2026 & has been associated with this company since 6 months 25 days.
Directors
23 Dec 2025
Saleem Ahmad was appointed as a Additional Director on 23 Dec 2025 & has been associated with this company since 7 months 4 days.
Charges
14 Nov 2025
A charge with Others of Rs. 35.30 Cr registered on 05 Mar 2025 with Charge ID 101060331 was modified on 14 Nov 2025.
Activity
28 Aug 2025
Rail Vikas Nigam Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.

Recent News on Rail Vikas Nigam Limited

Frequently Asked Questions about Rail Vikas Nigam Limited

Rail Vikas Nigam Limited is an active public limited union government company in the infrastructure and utilities sector based in New Delhi, Delhi, India. It was incorporated on 24 January 2003 (23+ years old) and is registered under CIN L74999DL2003GOI118633. Listed on BSE: 542649 and NSE: RVNL. The company has 928 employees.

Rail Vikas Nigam Limited reported revenue of ₹20,412 Cr for FY 2026 (up 2.45% YoY) based on consolidated NSE filings.

The current directors of Rail Vikas Nigam Limited are:

The primary industry of Rail Vikas Nigam Limited is infrastructure and utilities. The company specifically operates in railway infrastructure development. The company is currently active in this sector.

Yes. Rail Vikas Nigam Limited is listed on both BSE (code: 542649) and NSE (symbol: RVNL).

Rail Vikas Nigam Limited can be reached at the registered office: World Trade Center Tower A, 6Th To 9Th Floor, New Delhi, Delhi, India – 110029, or through the website rvnl.org.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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