Rail Vikas Nigam Limited

BSE: 542649 NSE: RVNL
Rail Vikas Nigam Limited - infrastructure and utilities in New Delhi, Delhi, India. FY 2026 financials & 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 Fortune India 500 · #137 Nifty 500
Data last updated
Market Cap
₹38,781 Cr
RVNL · NSE
Share Price
₹179.67
-3.40% 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)
42.7x
P/B 3.9x
ROE
9.0%
ROCE 10.5%
Debt / Equity
0.53
Interest cover 57.3x

About Rail Vikas Nigam Limited

Data last updated:

Rail Vikas Nigam Limited is a public limited union government company based in New Delhi, Delhi, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 24 January 2003 and has been in existence for over 23 years.

Rail Vikas Nigam is ranked #137 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74999DL2003GOI118633. Its GSTIN is 07AACCR5652A1ZP (Delhi). The company holds 48 GST registrations, of which 47 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 542649 and NSE: RVNL.

The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,085.02 Cr. It is led by directors including Saleem Ahmad (Managing Director) and Amit Tandon (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at World Trade Center Tower A, 6th To 9th Floor, New Delhi, Delhi, India – 110029.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹20,412 Cr, a growth of 2.5% compared to the previous year. For the same year it recorded a net profit of ₹874.69 Cr (net margin 4.3%) and EBITDA of ₹767.48 Cr (EBITDA margin 3.8%). The net worth stands at ₹9,821.84 Cr (up 2.7% YoY). Total assets are valued at ₹15,072 Cr (down 1.8% YoY).

The company has about 928 employees on its provident fund (EPFO) records. 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. Court records list 896 cases involving the company, including 201 filed by the company and 695 filed against it; 273 cases are pending. The company has 23 deals on record (20 market trades, 2 funding rounds, 1 ipo), with disclosed funding of ₹1,135.02 Cr; the latest was in May 2026. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 73 overdue payments to 53 micro and small suppliers.

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

CIN L74999DL2003GOI118633
Registration Number 118633
Incorporation Date 24 January 2003
ROC Delhi
Listing Status Listed - Listed on NSE (RVNL); Listed on BSE (542649)
Company Status Active
Date of Last AGM 25 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

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

CINStatus
L74999DL2003GOI118633Current
U74999DL2003GOI118633Previous
Key People
Saleem Ahmad Managing Director Amit Tandon Whole-Time Director Mritunjay Pratap Singh Whole-Time Director

Recognitions & Rankings of Rail Vikas Nigam

Fortune India 500 2025 edition
Rank#137
Total income
₹21,018 Cr
Profit
₹1,281 Cr
Last year #104
Stock market indices
Nifty 500 BSE 500

Contact details

Rail Vikas Nigam Limited's registered office is in New Delhi, Delhi. Its website is rvnl.org. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • 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

To see the full contact details of Rail Vikas Nigam Limited, buy the company report.

Comprehensive company report
Rail Vikas Nigam Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Rail Vikas Nigam operates one associated brand: RVNL. Each brand links to its own profile.

BrandDescriptionWebsite
RVNL
Indian railway infrastructure is constructed and improved by RVNL.rvnl.org

Business activity

The main business activity of Rail Vikas Nigam is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Rail Vikas Nigam Limited, buy the company report.

Financials of Rail Vikas Nigam Limited

FY 2025-26 filings available

Rail Vikas Nigam Limited reported revenue of ₹20,412 Cr (up 2.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · 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 (₹)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 (₹)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 (₹)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 01 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 (₹)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 (₹)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 (₹)4.206.137.446.445.324.763.63
Dividend per share (₹)1.711.722.112.131.831.581.14
Book value per share (₹)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 (₹)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 (₹)3.845.707.026.085.224.513.79
Dividend per share (₹)1.711.722.112.131.831.581.14
Book value per share (₹)42.5141.3637.7331.0727.0123.8221.58

To see the full year-wise statements and ratios of Rail Vikas Nigam Limited, buy the company report.

Board of directors of Rail Vikas Nigam Limited

Rail Vikas Nigam has 9 current directors and 64 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anupam Ban
Also directs: HSRC Infra Services Limited
Director09 Feb 20233 Years 8 MonthsCurrent
Saleem Ahmad
Also directs: HSRC Infra Services Limited, Ircon International Limited, Real Estate Development & Construction Corporation of Rajasthan Limited
Managing Director23 Dec 20250 Years 10 MonthsCurrent
Bhartesh Kumar JainNominee Director28 Jan 20260 Years 9 MonthsCurrent
Amit Tandon
Also directs: HSRC Infra Services Limited
Whole-Time Director02 Jan 20260 Years 10 MonthsCurrent
Surender SinghDirector15 May 20251 Years 5 MonthsCurrent
Mritunjay Pratap Singh
Also directs: HSRC Infra Services Limited
Whole-Time Director26 Nov 20241 Years 11 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Rail Vikas Nigam Limited is audited by V. K. DHINGRA & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
V. K. DHINGRA & COFY 2023000250N

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 72.80%, foreign institutional investors hold 2.40%, domestic institutional investors hold 6.60% and retail and other public shareholders hold 18.20%.

Promoters: 72.80%DII (Domestic Institutional): 6.60%FII (Foreign Institutional): 2.40%Retail & Others: 18.20%
Sep 2026
QUARTER
72.80% Promoters
6.60% DII (Domestic Institutional)
2.40% FII (Foreign Institutional)
18.20% Retail & Others
Promoter holding - history
Now 72.80% · Sep 2026High 72.80% · Dec 2025Low 72.80% · Dec 2025
71%71.8%72.5%73.3%74%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 72.80%Mar 2026: 72.80%Jun 2026: 72.80%Sep 2026: 72.80%72.80%72.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters72.80%72.80%72.80%72.80%
Public27.20%27.20%27.20%27.20%

Charges & borrowings

Open charges
₹905.3 Cr
Satisfied charges
₹38.96 Cr
Breakdown by lending institutions
Others₹905.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Mar 2025101060331Others₹35.3 CrOpen
19 Jan 2023100676210Others₹870 CrOpen
07 Apr 2022100562346Others₹38.96 CrSatisfied

To see the full charge records of Rail Vikas Nigam Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Rail Vikas Nigam Limited has 23 deals on record (20 market trades, 2 funding rounds, 1 ipo), with disclosed funding of ₹1,135.02 Cr; the latest was in May 2026.

Total deals
23
Market trades
20
Funding rounds
2
IPO
1
Disclosed funding
₹1,135.02 Cr

Deals on record (5 of 23)

WhenDealAmountParties
Dec 2025Market trade₹421.87 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2024Market trade₹716.55 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited
Jul 2024Market trade₹601.34 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited
Jul 2024Market trade₹615.01 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jan 2024Market trade₹306.63 CrBuyer: Evolute Trading Private Limited
Seller: Evolute Trading Private Limited

To see the full deal history of Rail Vikas Nigam Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Rail Vikas Nigam Limited was last rated by Care on 03 Oct 2022.

Rating agencyRated onRating
Care03 Oct 2022

To see the full credit ratings and regulatory alerts of Rail Vikas Nigam Limited, buy the company report.

MSME payment delays

Rail Vikas Nigam Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 73 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 53)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Rail Vikas Nigam Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Rail Vikas Nigam has 2 subsidiary companies and 12 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
12
Associated companies
Key subsidiaries
Company NameCINShares held
Masakani Paradeep Road Vikas LimitedU42101OD2023GOI043519
HSRC Infra Services LimitedU45204DL2012GOI239289

To see the full group structure of Rail Vikas Nigam Limited, buy the company report.

Employees & EPFO

Rail Vikas Nigam Limited has a workforce of 928 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
928
Active EPFO establishments
1
Employee growth
-12.29%

GST

Rail Vikas Nigam has 48 GST registrations: 47 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
48
Active
47
Cancelled / inactive
1
GSTINStateStatusRegistered on
07AACCR5652A1ZPDelhiActive01 Jul 2017
07AACCR5652A2ZODelhiActive22 Mar 2018
07AACCR5652A1DYDelhiActive25 Sep 2018
04AACCR5652A1ZVChandigarhActive01 Jul 2017

To see the full GST registrations and return filing status of Rail Vikas Nigam Limited, buy the company report.

Recent activity

Rail Vikas Nigam Limited has 129 board changes on record since 2004: 71 appointments and 58 cessations. The latest: Neeti Sarkar was appointed as Additional Director on 30 Sep 2026.

Appointed
Neeti Sarkar was appointed as Additional Director.
AGM
Rail Vikas Nigam Limited last Annual general meeting of members was held on 25 Aug 2026 as per latest MCA records.
Appointed
Rakesh Bhalla was appointed as Additional Director.
Filing
Rail Vikas Nigam Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Appointed
Bhartesh Kumar Jain was appointed as Nominee Director.
Appointed
Amit Tandon was appointed as Whole-Time Director.
Appointed
Saleem Ahmad was appointed as Managing Director.
Charges
A charge with Others of Rs. 35.30 Cr registered on 05 Mar 2025 with Charge ID 101060331 was modified on 14 Nov 2025.
Ceased
Pradeep Gaur ceased to be Managing Director.
Appointed
Sukhmal Chand Jain was appointed as Additional Director.
Ceased
Sandeep Jain ceased to be Additional Director.
Appointed
Chandan Kumar Verma was appointed as CFO.

125 earlier events are in the company report.

News

Rail Vikas Nigam Limited: Executive Director Ashutosh Gautam Will Leave His Position On October 19, 2026, To Take On The Role Of Director (Projects) At NBCC (India) Limited.
19 Oct 2026 · Exchange Update
Rail Vikas Nigam: Company Signs Agreement With Damodar Valley Corporation For Rail Infrastructure Development.
15 Oct 2026 · Exchange Update
Rail Vikas Nigam: East Coast Railway Cancels Video Surveillance System Agreement by Agreement, No Financial Effect
01 Oct 2026 · Exchange Update
Rail Vikas Nigam: Will Meet Analysts And Investors On September 28.
22 Sep 2026 · Exchange Update
RVNL: Wins ₹404.88 Crore Contract From East Coast Railway For Track And Infrastructure Projects
21 Sep 2026 · Exchange Update

Frequently asked questions

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

Rail Vikas Nigam reported revenue of ₹20,412 Cr for FY 2025-26 (up 2.5% YoY) based on consolidated financials.

Rail Vikas Nigam has 9 current directors:

The latest financial statements of Rail Vikas Nigam on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Rail Vikas Nigam is 07AACCR5652A1ZP, registered in Delhi. The company has 48 GST registrations in all, of which 47 are active and 1 is cancelled or inactive. Other active GSTINs include 07AACCR5652A2ZO (Delhi), 07AACCR5652A1DY (Delhi), 04AACCR5652A1ZV (Chandigarh).

The CIN (Corporate Identification Number) of Rail Vikas Nigam is L74999DL2003GOI118633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rail Vikas Nigam is a listed company as per MCA records. Its shares are listed on both BSE (code: 542649) and NSE (symbol: RVNL).

Rail Vikas Nigam has 896 court cases on record: 201 filed by the company and 695 filed against it. 273 are pending. Most are in the high courts.

Rail Vikas Nigam was incorporated on 24 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.

Rail Vikas Nigam has 23 deals on record (20 market trades, 2 funding rounds, 1 ipo), with disclosed funding of ₹1,135.02 Cr; the latest was in May 2026.

Neeti Sarkar was appointed as Additional Director on 30 Sep 2026. Rakesh Bhalla was appointed as Additional Director on 13 Aug 2026. Bhartesh Kumar Jain was appointed as Nominee Director on 28 Jan 2026. Rail Vikas Nigam has 129 board changes on record in total.