Rail Vikas Nigam Ltd.
RVNLIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
14 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 14 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230602 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230823 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231115 | 2023-09-30 | yes | |
| COVER_LETTER | 20240112 | 2023-12-31 | no | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240522 | 2024-03-31 | yes | |
| COVER_LETTER | 20240819 | 2024-06-30 | no | |
| COVER_LETTER | 20250224 | 2024-12-31 | no | |
| COVER_LETTER | 20250526 | 2025-03-31 | no | |
| TRANSCRIPT | 20250814 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251117 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260209 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260602 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260818 | 2026-06-30 | yes |
RVNL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 206.00 |
| 52-week range | 197.5 – 387.95 |
| Return 1M | -5.68% |
| Return 3M | -14.47% |
| Return 1Y | -40.75% |
| Return 3Y | 21.32% |
| Return 5Y | 585.52% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,321.00 |
| Other income | 141.00 |
| Total income | 4,462.00 |
| Cost of materials consumed | 4,046.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 54.00 |
| Finance costs | 98.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.73 | 0.00 |
| institutions foreign | 0.02 | -0.02 |
| institutions domestic | 0.07 | 0.00 |
| mutual funds | 0.00 | 0.00 |
| public | 0.27 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2025-03-31 | 4 |
| TRANSCRIPT | 2026-06-30 | 10 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,909.00 | 5,012.00 | 5,720.00 | 5,572.00 | 4,914.00 | 4,689.00 | 6,714.00 | 4,074.00 | 4,855.00 | 4,567.00 | 6,427.00 | 3,909.00 | 5,123.00 | 4,684.00 | 6,696.00 | 4,321.00 |
| Other income | 222.00 | 281.00 | 256.00 | 282.00 | 296.00 | 328.00 | 280.00 | 263.00 | 281.00 | 269.00 | 187.00 | 228.00 | 210.00 | 252.00 | 85.00 | 141.00 |
| Total income | 5,131.00 | 5,293.00 | 5,976.00 | 5,853.00 | 5,210.00 | 5,017.00 | 6,994.00 | 4,337.00 | 5,136.00 | 4,836.00 | 6,614.00 | 4,137.00 | 5,333.00 | 4,936.00 | 6,781.00 | 4,462.00 |
| Cost of materials consumed | 4,506.00 | 4,662.00 | 5,267.00 | 5,137.00 | 4,543.00 | 4,340.00 | 6,162.00 | 3,794.00 | 4,499.00 | 4,219.00 | 5,893.00 | 3,696.00 | 4,767.00 | 4,354.00 | 6,319.00 | 4,046.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 55.00 | 49.00 | 38.00 | 47.00 | 46.00 | 51.00 | 45.00 | 47.00 | 45.00 | 51.00 | 45.00 | 50.00 | 53.00 | 51.00 | 46.00 | 54.00 |
| Finance costs | 131.00 | 147.00 | 146.00 | 146.00 | 133.00 | 139.00 | 150.00 | 137.00 | 141.00 | 145.00 | 117.00 | 108.00 | 100.00 | 105.00 | 98.00 | 98.00 |
| Depreciation and amortisation | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 4.00 | 7.00 | 7.00 | 7.00 | 9.00 | 9.00 | 9.00 | 9.00 | 10.00 | 10.00 |
| Other expenses | 32.00 | 25.00 | 41.00 | 39.00 | 27.00 | 49.00 | 50.00 | 51.00 | 39.00 | 58.00 | 56.00 | 110.00 | 86.00 | 59.00 | 63.00 | 36.00 |
| Total expenses | 4,729.00 | 4,889.00 | 5,498.00 | 5,374.00 | 4,755.00 | 4,584.00 | 6,412.00 | 4,037.00 | 4,732.00 | 4,480.00 | 6,120.00 | 3,973.00 | 5,015.00 | 4,577.00 | 6,535.00 | 4,245.00 |
| Profit before exceptional items and tax | 402.00 | 404.00 | 478.00 | 479.00 | 455.00 | 433.00 | 582.00 | 300.00 | 405.00 | 356.00 | 494.00 | 164.00 | 318.00 | 359.00 | 246.00 | 217.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 402.00 | 404.00 | 478.00 | 479.00 | 455.00 | 433.00 | 582.00 | 300.00 | 405.00 | 356.00 | 494.00 | 164.00 | 318.00 | 359.00 | 246.00 | 217.00 |
| Current tax | 103.00 | 65.00 | 139.00 | 149.00 | 78.00 | 107.00 | 146.00 | 76.00 | 103.00 | 101.00 | 122.00 | 45.00 | 82.00 | 89.00 | 72.00 | 61.00 |
| Deferred tax | -3.00 | 1.00 | -2.00 | -5.00 | 8.00 | -3.00 | 1.00 | 2.00 | -0.00 | -0.00 | -35.00 | -6.00 | 30.00 | 2.00 | -3.00 | 3.00 |
| Tax expense | 100.00 | 65.00 | 137.00 | 144.00 | 85.00 | 104.00 | 147.00 | 78.00 | 102.00 | 101.00 | 87.00 | 39.00 | 112.00 | 91.00 | 69.00 | 64.00 |
| Profit for the period | 381.00 | 382.00 | 359.00 | 343.00 | 394.00 | 359.00 | 478.00 | 224.00 | 287.00 | 312.00 | 459.00 | 134.00 | 231.00 | 324.00 | 182.00 | 160.00 |
| Profit attributable to owners | 381.00 | 382.00 | 359.00 | 343.00 | 394.00 | 359.00 | 479.00 | 224.00 | 287.00 | 311.00 | 459.00 | 135.00 | 230.00 | 323.00 | 187.00 | 159.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 1.00 | -5.00 | 0.00 |
| Other comprehensive income | -2.00 | 2.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 8.00 | -1.00 | -14.00 | 4.00 | 11.00 | -5.00 |
| Total comprehensive income | 379.00 | 384.00 | 359.00 | 343.00 | 394.00 | 359.00 | 479.00 | 224.00 | 287.00 | 311.00 | 467.00 | 134.00 | 216.00 | 328.00 | 193.00 | 154.00 |
| Earnings per share, basic | 1.83 | 1.83 | 1.72 | 1.65 | 1.89 | 1.72 | 2.29 | 1.07 | 1.38 | 1.49 | 2.20 | 0.65 | 1.10 | 1.55 | 0.90 | 0.76 |
| Earnings per share, diluted | 1.83 | 1.83 | 1.72 | 1.65 | 1.89 | 1.72 | 2.29 | 1.07 | 1.38 | 1.49 | 2.20 | 0.65 | 1.10 | 1.55 | 0.90 | 0.76 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 14,531.00 | 15,404.00 | 19,382.00 | 20,282.00 | 21,889.00 | 19,923.00 | 20,412.00 |
| Other income | 246.00 | 309.00 | 800.00 | 996.00 | 1,186.00 | 1,000.00 | 775.00 |
| Total income | 14,776.00 | 15,713.00 | 20,182.00 | 21,278.00 | 23,075.00 | 20,923.00 | 21,187.00 |
| Cost of materials consumed | 13,416.00 | 14,229.00 | 17,903.00 | 18,720.00 | 20,182.00 | 18,406.00 | 19,187.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 190.00 | 208.00 | 204.00 | 191.00 | 189.00 | 188.00 | 199.00 |
| Finance costs | 41.00 | 28.00 | 564.00 | 581.00 | 568.00 | 540.00 | 419.00 |
| Depreciation and amortisation | 20.00 | 23.00 | 21.00 | 22.00 | 21.00 | 31.00 | 36.00 |
| Other expenses | 138.00 | 87.00 | 91.00 | 124.00 | 166.00 | 204.00 | 258.00 |
| Total expenses | 13,805.00 | 14,575.00 | 18,783.00 | 19,638.00 | 21,126.00 | 19,368.00 | 20,100.00 |
| Profit before exceptional items and tax | 971.00 | 1,138.00 | 1,399.00 | 1,640.00 | 1,949.00 | 1,555.00 | 1,087.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 971.00 | 1,138.00 | 1,399.00 | 1,640.00 | 1,949.00 | 1,555.00 | 1,087.00 |
| Current tax | 206.00 | 220.00 | 313.00 | 378.00 | 480.00 | 402.00 | 288.00 |
| Deferred tax | -5.00 | -5.00 | 6.00 | -1.00 | -0.00 | -34.00 | 23.00 |
| Tax expense | 201.00 | 215.00 | 319.00 | 378.00 | 479.00 | 369.00 | 311.00 |
| Profit for the period | 753.00 | 922.00 | 1,183.00 | 1,421.00 | 1,574.00 | 1,282.00 | 871.00 |
| Profit attributable to owners | 753.00 | 922.00 | 1,183.00 | 1,421.00 | 1,574.00 | 1,281.00 | 875.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.00 |
| Other comprehensive income | -2.00 | 1.00 | -0.00 | 1.00 | 0.00 | 8.00 | -0.00 |
| Total comprehensive income | 751.00 | 923.00 | 1,182.00 | 1,422.00 | 1,575.00 | 1,289.00 | 870.00 |
| Earnings per share, basic | 3.61 | 4.42 | 5.67 | 6.81 | 7.55 | 6.15 | 4.20 |
| Earnings per share, diluted | 3.61 | 4.42 | 5.67 | 6.81 | 7.55 | 6.15 | 4.20 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 16,498.00 | 18,422.00 | 20,932.00 | 19,612.00 | 20,410.00 | 20,482.00 | 19,751.00 | 21,702.00 |
| Non-current assets | 5,740.00 | 9,377.00 | 9,504.00 | 9,866.00 | 8,584.00 | 8,814.00 | 8,239.00 | 8,127.00 |
| Current assets | 10,758.00 | 9,045.00 | 11,428.00 | 9,746.00 | 11,826.00 | 11,667.00 | 11,511.00 | 13,575.00 |
| Property, plant and equipment | 346.00 | 27.00 | 26.00 | 29.00 | 118.00 | 537.00 | 528.00 | 574.00 |
| Capital work-in-progress | 1.00 | 1.00 | 1.00 | 94.00 | 1.00 | 0.00 | 5.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 18.00 | 328.00 | 312.00 | 338.00 | 323.00 | 349.00 | 336.00 | 314.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 65.00 | 0.00 | 0.00 | 118.00 |
| Trade receivables | 1,001.00 | 969.00 | 1,137.00 | 1,077.00 | 1,402.00 | 1,486.00 | 1,529.00 | 5,371.00 |
| Cash and cash equivalents | 1,065.00 | 837.00 | 1,777.00 | 1,104.00 | 2,162.00 | 3,127.00 | 1,110.00 | 556.00 |
| Total equity and liabilities | 16,498.00 | 18,422.00 | 20,932.00 | 19,612.00 | 20,410.00 | 20,482.00 | 19,751.00 | 21,702.00 |
| Equity | 7,023.00 | 7,325.00 | 7,909.00 | 8,746.00 | 8,792.00 | 9,571.00 | 9,558.00 | 9,818.00 |
| Equity share capital | 2,085.00 | 2,085.00 | 2,085.00 | 2,085.00 | 2,085.00 | 2,085.00 | 2,085.00 | 2,085.00 |
| Other equity | 4,938.00 | 5,240.00 | 5,823.00 | 6,661.00 | 6,707.00 | 7,486.00 | 7,473.00 | 7,737.00 |
| Total liabilities | 9,475.00 | 11,097.00 | 13,024.00 | 10,866.00 | 11,618.00 | 10,911.00 | 10,192.00 | 11,884.00 |
| Non-current liabilities | 6,383.00 | 6,655.00 | 6,099.00 | 6,287.00 | 4,971.00 | 5,258.00 | 4,750.00 | 4,758.00 |
| Current liabilities | 3,092.00 | 4,442.00 | 6,925.00 | 4,579.00 | 6,647.00 | 5,652.00 | 5,442.00 | 7,126.00 |
| Borrowings, non-current | 5,941.00 | 6,031.00 | 5,485.00 | 5,516.00 | 4,905.00 | 4,890.00 | 4,321.00 | 4,321.00 |
| Borrowings, current | 377.00 | 377.00 | 472.00 | 472.00 | 499.00 | 500.00 | 638.00 | 493.00 |
| Trade payables | 185.00 | 621.00 | 146.00 | 250.00 | 256.00 | 380.00 | 347.00 | 1,682.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -3,936.00 | -4,076.00 | 3,656.00 | 2,954.00 | 1,756.00 | 1,878.00 | -1,255.00 | -1,894.00 |
| Net cash from investing activities | 1,046.00 | 1,355.00 | -1,542.00 | -1,399.00 | 335.00 | 1,629.00 | 610.00 | 942.00 |
| Net cash from financing activities | -653.00 | -1,036.00 | -1,174.00 | -1,287.00 | -1,033.00 | -1,484.00 | -1,365.00 | -1,619.00 |
| Purchase of property, plant and equipment | 6.00 | 10.00 | 3.00 | 116.00 | 4.00 | 432.00 | 6.00 | 61.00 |
| Net increase in cash | -3,543.00 | -3,757.00 | 1,777.00 | 267.00 | 1,058.00 | 2,023.00 | -2,018.00 | -2,571.00 |
| con:CFO.BEFORE_TAX | -3,788.00 | -3,688.00 | 3,862.00 | 3,415.00 | 1,989.00 | 2,343.00 | -1,047.00 | -2,003.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -406.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 148.00 | 388.00 | 207.00 | 460.00 | 233.00 | 465.00 | 208.00 | 292.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 15.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 396.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -131.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-07-28 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 78.20 | 72.84 | 72.84 | 72.84 | 72.84 | 72.84 | 72.84 | 72.84 | 72.84 | 72.84 | 0.73 | 0.73 | 0.73 | 0.73 |
| Domestic institutions | 5.76 | 5.45 | 5.83 | 6.09 | 6.18 | 6.77 | 6.33 | 6.16 | 6.21 | 6.38 | 0.06 | 0.06 | 0.06 | 0.07 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 |
| Insurance companies | 5.66 | 5.32 | 5.69 | 5.92 | 6.08 | 6.55 | 6.12 | 5.97 | 6.00 | 6.20 | 0.06 | 0.06 | 0.06 | 0.06 |
| Foreign institutions | 1.75 | 3.10 | 2.32 | 2.59 | 2.32 | 3.13 | 5.05 | 5.10 | 5.07 | 4.89 | 0.05 | 0.05 | 0.05 | 0.02 |
| Government | — | — | — | — | — | — | — | — | — | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 21.80 | 27.16 | 27.16 | 27.16 | 27.16 | 27.16 | 27.16 | 27.16 | 27.16 | 27.16 | 0.27 | 0.27 | 0.27 | 0.27 |
| Non-institutional | 14.29 | 18.60 | 19.01 | 18.48 | 18.66 | 17.26 | 15.79 | 15.89 | 15.88 | 15.88 | 0.16 | 0.16 | 0.16 | 0.18 |
| Shares outstanding | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 | 2085020100 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Kutch Railway Company Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 1,138,200,000.00 | 14 |
| Angul Sukinda Railway Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 1,074,900,000.00 | 14 |
| Krishnapatnam Railway Company Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 836,300,000.00 | 14 |
| Kinet Railway Solutions Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 409,400,000.00 | 14 |
| HSRC Infra Services Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 232,800,000.00 | 14 |
| RVNL-DTCPL-JV (un-incorporated) | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 124,700,000.00 | 14 |
| Haridaspur Paradip Railway Company Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 87,700,000.00 | 14 |
| Shimla Bypass Kaithlighat Shakral Private Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 29,900,000.00 | 14 |
| Bharuch Dahej Railway Company Limited | Entities with joint control or sig | Advance, Any other transaction, Dividend paid, Divid | 20,100,000.00 | 14 |
| Mr. Rajesh Prasad | Director (Operations) | Advance, Any other transaction, Dividend paid, Divid | 9,300,000.00 | 14 |
| Mr. Pradeep Gaur | Chairman and Managing Director | Advance, Any other transaction, Dividend paid, Divid | 7,100,000.00 | 14 |
| Mr. Vinay Singh | Director (Projects) | Advance, Any other transaction, Dividend paid, Divid | 6,600,000.00 | 14 |
| Mr. Sanjeeb Kumar | Director (Finance) & CFO | Advance, Any other transaction, Dividend paid, Divid | 6,300,000.00 | 14 |
| Mrs. Anupam Ban | Director (Personnel) | Advance, Any other transaction, Dividend paid, Divid | 5,800,000.00 | 14 |
| Mrs. Kalpana Dubey | Company Secretary & Compliance | Advance, Any other transaction, Dividend paid, Divid | 1,500,000.00 | 14 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-18 | Q1FY27 | Read the call | |
| 2026-06-02 | Q4FY26 | : Nestle Wealth LLP, : RK Family Office, Q&A PARTICIPANTS:, Shri. Abhishek Kumar, Shri. Am | Read the call |
| 2026-02-09 | Q3FY26 | RAIL VIKAS NIGAM LIMITED, VIKAS NIGAM LIMITED | Read the call |
| 2025-11-17 | Q2FY26 | Rajagopal:, Shubham Shelar:, VIKAS NIGAM LIMITED, path. | Read the call |
| 2025-08-14 | Q1FY26 | VIKAS NIGAM LIMITED | Read the call |
| 2024-05-22 | Q4FY24 | RAIL VIKAS NIGAM LIMITED, Ranodeep: | Read the call |
| 2024-02-13 | Q3FY24 | VIKAS NIGAM LIMITED, mark., of that project? | Read the call |
| 2023-11-15 | Q2FY24 | LIMITED | Read the call |
| 2023-08-23 | Q1FY24 | Read the call | |
| 2023-06-02 | Q4FY23 | RAIL VIKAS NIGAM LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY27 | Q2FY24 | Q2FY26 | Q3FY24 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | In terms of balance sheet, we have done CAPEX in first half. | — | We were earlier the government's biggest capex expander, and now we are transforming from the local rail infrastructure to global all infrastructure. | And there's a lot of opportunity for us in future because recently in budget, a lot of capital expenditure has been announced for railway works. | So your question is that what is going to be the capex in time to come. | So I just wanted to understand in terms of capex in case if we have to invest anything. | — |
| Capital allocation | — | So, this year this first 6 months the dividend from the Kutch Rail Company has gone down, has not been there because of the fact that they had execute… | — | — | — | — | — | — |
| Costs | — | — | — | — | — | — | — | — |
| Debt and cash | We are able to maintain from our internal resources only, but we have our working arrangements with some banks for working capital if required. | So, prototypes although the time is 2 years but we want to compress it, so that earlier we start the production better it will be for us because that … | — | — | — | — | — | — |
| Demand | The company remains committed to supporting the nation's infrastructure vision through high-quality, sustainable projects while diversifying its order… | Basically, if you see the order book, earlier we started bidding in the year 2021 and the first bid which we got was in the month of September and Oct… | So total order book is in excess of around INR90,000 crores at present with RVNL. | We have got an order book of around INR65,000 crores. | So I want to assure all the stakeholders that my focus area will be that all the works which are ongoing should be completed on time, and I will focus… | May 30, 2023 an interest free advance, and at present this is the only project where we are executing, but there are so many things and so many projec… | And we really are very keen to increase the order book. | Sir, in terms of our order book of INR 99,000 crores odd, what is the breakout in nomination and competitive bidding now? |
| Guidance | — | So, we anticipate that the top line will grow with some lesser rates. | And also the order book, which is with us provides us a revenue guidance -- a stable revenue guidance for the next 2 to 3 years and the current pace o… | — | And second, on the margins front, how we expected this trajectory is going to be in financial year '26? | They have got the different kinds of the basically period of completion, time of completion, and normally on an average I can tell you that the projec… | My question was on order inflow guidance for FY25. What is the order inflow guidance for FY25 and revenue guidance for FY25? | — |
| Margin | — | So, it is a great landmark and margin wise, the profit wise we had reached almost to the same level slightly better than the margin which we used to g… | And sir, one last question regarding EBITDA margins. | — | February 06, 2026 better improvement in our execution, quality, we are going to achieve the 7% gross margin next year. | May 30, 2023 since these projects are in the beginning, in the initial stage of the project life cycle, so at this stage, it is difficult to comment u… | — | — |
| Pricing | — | — | — | — | — | Sir, also I wanted to understand on these new projects, do we have escalation clause for material price increase variations? | — | — |
| Revenue growth | If you see our Q1 results, almost 60% of the revenue/top line is from the management work, which is almost 63% is from management, and remaining is fr… | We had earlier said that the top line would grow marginally. | — | — | And I will be focusing on achieving the sustainable and good growth for both top line and bottom line. | So what I wanted to convey is that the performance in FY '22-'23 was all time high as far as the top line was concerned, as far as bottom line was con… | And earlier during the investors meet, I had said that in FY23-24, we are trying to get 21,000 crores plus the top line. | — |