# Rail Vikas Nigam (RVNL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/rvnl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹193.34
- Change: -0.18%
- As of: 2026-11-06
- 1D return: -0.18%
- 5D return: +7.61%
- 1M return: +3.28%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

RVNL closed at ₹193.34 on 2026-11-06, marking a -0.2% daily decline following an extreme upward gap on 2026-11-05 (+1.3%). The technical setup is characterized by conflicting timeframes: the weekly trend remains firmly bearish with strong conviction (ADX 34.31), while the daily and monthly trends show weak momentum (ADX ~17.7) but are also structurally bearish. Price action sits below key long-term moving averages (50-period SMA/EMA, 200-period SMA) and the Supertrend across all horizons, though it briefly reclaimed the daily 20-period EMA and SMA. The stock is trading near the lower end of its 252-day range (+6.9%) and has suffered a significant drawdown (-59.4% current, -62.3% maximum). High volatility (annualized +40.5%, ATR 3.31%) suggests wide price swings. Immediate resistance lies at ₹194.26 (pivot, +0.48%) and ₹195.53 (high, +1.13%), while support is found at ₹192.43 (low, -0.47%) and ₹191.16 (low, -1.13%).

- Trend Divergence: Weekly trend is strongly bearish (ADX 34.31), whereas daily/monthly trends are weak (ADX ~17.7); price remains below Supertrend and major MAs on all timeframes.
- Price Positioning: Trading at ₹193.34, just above immediate support at ₹192.43 (-0.47%) and below pivot resistance at ₹194.26 (+0.48%); positioned in the lower-middle of the 252-day range.
- Volatility & Risk: High annualized volatility (+40.5%) and ATR (3.31%) indicate significant price dispersion; current drawdown stands at -59.4% from peak.
- Confirmation Conditions: A daily close above ₹195.53 (+1.13%) would be required to challenge the bearish structure; failure to hold ₹192.43 risks testing lower support at ₹191.16 (-1.13%).

- Bullish Engulfing Reversal
- Outside Bar
- Inside Bar
- Doji
- Bearish Engulfing Reversal

### News Context

Rail Vikas Nigam (RVNL) has announced a Board Meeting scheduled for November 13, 2026, to consider and approve the Unaudited Financial Results for the half-year ended September 2026. This filing, submitted on November 4, 2026, sets the immediate timeline for the release of key financial metrics including revenue and profitability for the first half of FY27.

In terms of business operations, RVNL received a Letter of Award from the Ministry of External Affairs on October 29, 2026, for a contract valued at ₹55,00,000 (excluding taxes). The order requires the preparation of a Detailed Project Report for setting up a Professional and Technical Education Centre in Seychelles, with execution mandated within six months. The company classified this as being in its normal course of business.

Market context remains challenging. As of November 6, 2026, the stock closed at ₹193.34, reflecting a significant year-to-date decline of 46.5% and a one-year return of -39.2%. Technical indicators show a bearish trend across daily, weekly, and monthly timeframes, with the stock trading below its 20-day and 50-day moving averages. The current drawdown stands at -59.4%, indicating substantial recent volatility and downward pressure.

- Financial Results: Board meeting on November 13, 2026, to approve H1 FY27 (ended Sept 2026) unaudited results.
- New Order: Received ₹55 lakh contract from Ministry of External Affairs on Oct 29, 2026, for a project report in Seychelles; execution period is 6 months.
- Price Performance: Stock closed at ₹193.34 on Nov 6, 2026, down 46.5% YTD and 39.2% over the past year.
- Technical Trend: Bearish signals persist across daily, weekly, and monthly charts; current drawdown is -59.4%.

- Financial Results |Meeting Date: 13-Nov-2026
- Board Meeting Intimation |Meeting Date: 13-Nov-2026
- Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation
- Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from Ministry of External Affairs |SUBJECT: Bagging/Receiving of orders/contracts
- Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)

### Official Filings

Rail Vikas Nigam Limited (RVNL) has announced a Board Meeting scheduled for November 13, 2026, to approve its Unaudited Financial Results for the half-year ended September 2026. This filing provides the timeline for investors to review the company's recent financial performance.

In operational developments, RVNL received a Letter of Award from the Ministry of External Affairs on October 29, 2026, for a project valued at ₹55,00,000 (excluding taxes). The contract involves preparing a Detailed Project Report for a Professional and Technical Education Centre in Seychelles, with execution required within six months. Additionally, on October 15, 2026, RVNL signed a Memorandum of Understanding with Damodar Valley Corporation (DVC) to cooperate on developing rail infrastructure and connectivity for DVC’s power plants and coal mining areas, including Rapid Loading Systems and electrification.

On the governance front, Shri Ashutosh Gautam ceased as Executive Director (Highway) on October 19, 2026, to join NBCC (India) Limited. Concurrently, Shri Deepak Mohanty was appointed as a Non-Official Independent Director effective October 6, 2026, for a three-year term.

- Financial Results: Board Meeting on November 13, 2026, to consider Unaudited Financial Results for H1 FY2027 (ended September 2026).
- New Order: Received Letter of Award from Ministry of External Affairs on October 29, 2026, for a ₹55 lakh project in Seychelles, executable within 6 months.
- Strategic MoU: Signed agreement with Damodar Valley Corporation on October 15, 2026, for rail infrastructure development and connectivity upgrades.
- Leadership Changes: Ashutosh Gautam relieved as Executive Director (Highway) on October 19, 2026; Deepak Mohanty appointed as Independent Director effective October 6, 2026.

- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RVNL_04112026112510_BODIntimation30092026.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from Ministry of External Affairs |SUBJECT: Bagging/Receiving of orders/contracts](https://nsearchives.nseindia.com/corporate/RVNL_29102026202703_Coveringletter29102026__2_.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20261029_203318841.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261019_151105930.xml)
- [Intimation regarding Change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/RVNL_19102026151211_CoveringChangeinSeniorManagement.pdf)
- [Rail Vikas Nigam Limited (RVNL) has signed MoU with the Damodar Valley Corporation (DVC). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/RVNL_15102026163853_Coveringletter15102026.pdf)
- [Appointment of Shri Deepak Mohanty (DIN: 09356933) as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/RVNL_12102026174805_Covering12102026.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261012_175428500.xml)

### Fundamentals

Rail Vikas Nigam’s (RVNL) FY2025-26 performance reveals a divergence between top-line growth and bottom-line quality. While revenue from operations rose to ₹20,412 crore in FY2026 (up from ₹19,923 crore in FY2025), net profit contracted sharply to ₹871 crore from ₹1,278 crore the prior year. This earnings compression is evident in the sequential drop in Q4 FY2025-26 net profit to ₹181.66 crore from ₹324.14 crore in Q3, despite higher quarterly revenue of ₹6,695.91 crore.

Earnings quality has deteriorated significantly. Cash from operating activities turned negative at -₹1,889 crore in FY2026, compared to positive inflows in previous years. The cash conversion cycle expanded dramatically to 96 days by Mar 2026, up from 18 days in Mar 2024, indicating slower working capital turnover. Although borrowings decreased from ₹6,033 crore to ₹4,818 crore over three years, the return on capital employed (ROCE) fell to 11% in Mar 2026 from 18% in Mar 2024. Promoter holding remains stable at 72.84%, but FII ownership declined to 2.38% by Sep 2026.

- Net profit fell 32% YoY to ₹871 crore in FY2026 despite 2.5% revenue growth, with Q4 net profit dropping 44% sequentially to ₹181.66 crore.
- Operating cash flow reversed to -₹1,889 crore in FY2026, while the cash conversion cycle widened to 96 days from 18 days in Mar 2024.
- ROCE declined to 11% in Mar 2026 from 18% in Mar 2024, reflecting lower returns on invested capital despite reduced borrowings.
- FII stake dropped to 2.38% by Sep 2026, while promoter holding remained constant at 72.84%.

### Bear Case

As of November 6, 2026, RVNL exhibits a pronounced bearish technical setup across daily, weekly, and monthly timeframes. The stock is trading at ₹193.34, well below its recent pivot resistance at ₹194.26, with the Supertrend indicator signaling bearish direction on all observed charts. Momentum indicators show weakness: the Daily ADX is low at 17.67, suggesting a lack of strong trend conviction despite the downward slope, while the Weekly ADX is higher at 34.31, indicating that the broader medium-term downtrend retains some strength. The Minus DI significantly exceeds the Plus DI on both daily (23.93 vs. 19.38) and weekly (31.98 vs. 13.87) bases, reflecting sustained selling pressure.

Performance metrics highlight substantial capital erosion. The stock has declined 54.8% since the start of the tracking period and is down 46.5% year-to-date. Over the past year, returns stand at -39.2%, with a maximum drawdown of -62.3% and a current drawdown of -59.4%. Volatility remains elevated, with annualized volatility at +40.5% and an ATR of 3.31%, implying significant price swings and risk for holders. Immediate support lies near ₹192.43, but a break below could expose further downside toward ₹189.33.

- Bearish Trend Confirmation: Supertrend indicates a bearish direction on daily, weekly, and monthly charts; Minus DI dominates Plus DI on both daily (23.93 vs. 19.38) and weekly (31.98 vs. 13.87) timeframes.
- Significant Capital Erosion: The stock is down 54.8% since the start of the period and 46.5% YTD as of Nov 6, 2026, with a current drawdown of -59.4% against a maximum drawdown of -62.3%.
- High Volatility and Risk: Annualized volatility stands at +40.5% with an ATR of 3.31%, indicating persistent price instability and elevated downside risk for investors.
- Key Levels to Watch: Immediate resistance is at ₹194.26 (pivot), while critical support levels are located at ₹192.43 and ₹189.33; a breach of these supports may accelerate downward momentum.

- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RVNL_04112026112510_BODIntimation30092026.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from Ministry of External Affairs |SUBJECT: Bagging/Receiving of orders/contracts](https://nsearchives.nseindia.com/corporate/RVNL_29102026202703_Coveringletter29102026__2_.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20261029_203318841.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261019_151105930.xml)
- [Intimation regarding Change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/RVNL_19102026151211_CoveringChangeinSeniorManagement.pdf)
- [Rail Vikas Nigam Limited (RVNL) has signed MoU with the Damodar Valley Corporation (DVC). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/RVNL_15102026163853_Coveringletter15102026.pdf)
- [Appointment of Shri Deepak Mohanty (DIN: 09356933) as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/RVNL_12102026174805_Covering12102026.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261012_175428500.xml)

### FAQs

**What upcoming event will provide the next major update on RVNL's financial performance?**

RVNL’s Board of Directors is scheduled to meet on 13-Nov-2026 to consider and approve the Unaudited Financial Results for the half-year ended September 2026. This filing is a key milestone for assessing recent operational profitability and order execution progress.

**Has RVNL secured any new contracts recently, and what is their scale?**

Yes. On 29-Oct-2026, RVNL received a Letter of Award from the Ministry of External Affairs to prepare a Detailed Project Report for a Professional and Technical Education Centre in Seychelles. The contract value is INR 55,00,000 (excluding taxes) with an execution timeline of 6 months, described as being in the ordinary course of business.

**How has RVNL's stock price performed over the past year compared to recent weeks?**

The stock has faced significant long-term pressure, with a return of -39.2% over the last year and a current drawdown of -59.4%. However, short-term momentum shows slight recovery, with a +6.6% return over the past 10 trading days and a +3.3% return over the past 20 days, despite a bearish technical trend.

**What are the immediate support and resistance levels for RVNL shares?**

As of 06-Nov-2026, the stock closed at ₹193.34. Immediate support lies at ₹192.43 (0.47% below), while the nearest resistance level is at ₹194.26 (0.48% above). A break above ₹194.26 could signal a shift in short-term sentiment, whereas a drop below ₹192.43 may test lower supports near ₹191.16.

- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RVNL_04112026112510_BODIntimation30092026.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- [Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from Ministry of External Affairs |SUBJECT: Bagging/Receiving of orders/contracts](https://nsearchives.nseindia.com/corporate/RVNL_29102026202703_Coveringletter29102026__2_.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20261029_203318841.xml)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261019_151105930.xml)
- [Intimation regarding Change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/RVNL_19102026151211_CoveringChangeinSeniorManagement.pdf)
- [Rail Vikas Nigam Limited (RVNL) has signed MoU with the Damodar Valley Corporation (DVC). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/RVNL_15102026163853_Coveringletter15102026.pdf)
- [Appointment of Shri Deepak Mohanty (DIN: 09356933) as Non-Official (Independent) Director on the Board of Rail Vikas Nigam Limited |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/RVNL_12102026174805_Covering12102026.pdf)
- [Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261012_175428500.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹194.26
- Risk regime: Higher Price Risk

### Support levels
- 186.9
- 177.86
- 192.42666666666665

### Resistance levels
- 209.65
- 215.37
- 236.825

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.18% |
| return_10 | +6.64% |
| return_1m | -2.74% |
| return_1y | -39.16% |
| return_20 | +3.28% |
| return_3m | -17.73% |
| return_5 | +7.61% |
| return_6m | -36.63% |
| return_since_start | -54.84% |
| return_ytd | -46.52% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -62.28% |
| annualized_volatility | +40.53% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Revenue Growth Masks Sharp Margin Compression as Material Costs Absorb Most Earnings

In the quarter ended March 31, 2026, for fiscal year 2025-26, Rail Vikas Nigam Ltd. (RVNL) reported revenue from operations that increased both compared to the same period last year and the preceding quarter. Despite this top-line expansion, profitability declined significantly. The primary observable factor behind the divergence was a high cost of materials consumed, which left very thin margins for other operating costs and profit generation. Other income provided partial support to pre-tax earnings, but net profit fell substantially from both the prior year and the previous quarter.

## Revenue and Profitability Movement

Revenue from operations reached ₹6,695.91 crore, rising 4.2% year-on-year from ₹6,426.88 crore and increasing 42.9% sequentially from ₹4,684.46 crore in the prior quarter. 

Pre-tax profit (PBT) contracted to ₹246.27 crore, marking a 50.1% decline from ₹493.82 crore a year ago and a 31.4% drop from ₹358.71 crore in Q3. The PBT margin compressed from 7.7% in the prior-year quarter to 3.7% in the current quarter.

Net profit after tax followed the same downward trajectory, settling at ₹181.66 crore. This represents a 60.4% decrease from ₹459.12 crore a year ago and a 43.9% sequential decline from ₹324.14 crore. Basic earnings per share fell to ₹0.90, down from ₹2.20 year-on-year and ₹1.55 sequentially.

## Cost Structure and Material Consumption

The quarter's profit compression aligns closely with the composition of operating expenses. Cost of materials consumed stood at ₹6,318.68 crore, representing 94.4% of revenue from operations. 

Total operating expenses—encompassing materials, employee benefits, finance costs, depreciation, and other expenses—summed to ₹6,534.62 crore. Materials alone accounted for 96.7% of this total. The remaining expenses, including finance costs of ₹97.55 crore, employee benefits of ₹45.98 crore, depreciation of ₹9.69 crore, and other expenses of ₹62.72 crore, totaled ₹215.94 crore, or 3.2% of revenue. This distribution leaves a narrow residual margin to cover non-material costs and generate profit.

## Other Income and Financing

Other income contributed ₹84.98 crore, equal to 34.5% of the reported pre-tax profit. Excluding this amount, the pre-tax margin would have been 2.4%.

Finance costs decreased to ₹97.55 crore from ₹104.79 crore in the prior quarter and ₹116.98 crore a year ago. This reduction provided a modest offset to the margin pressure but was insufficient to reverse the overall decline in earnings.

## Taxes and Bottom Line

Tax expense was recorded at ₹68.68 crore, resulting in an effective tax rate of 27.9%. After deducting taxes, net profit after tax settled at ₹181.66 crore.

## Key Takeaway

Revenue expanded in the quarter, but profitability contracted due to a cost structure heavily weighted toward materials. With materials consuming over 94% of revenue, the buffer for other operating costs and profit generation remained narrow. While finance costs declined and other income provided partial support, the bottom line fell sharply compared to both the prior year and the preceding quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +72.84%
- FII holding: +2.41%
- DII holding: +6.60%
- Mutual fund holding: +0.36%
- Retail holding: +15.77%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +72.84%
- LIFE INSURANCE CORPORATION OF INDIA — +6.12%

## Official filings

- 2026-11-04 — Board Meeting Notice: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_04112026112510_BODIntimation30092026.pdf)
- 2026-11-04 — Board Meeting Notice: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- 2026-11-04 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20261104_114307462.xml)
- 2026-10-29 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_29102026202703_Coveringletter29102026__2_.pdf)
- 2026-10-29 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20261029_203318841.xml)
- 2026-10-19 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261019_151105930.xml)
- 2026-10-19 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_19102026151211_CoveringChangeinSeniorManagement.pdf)
- 2026-10-15 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_15102026163853_Coveringletter15102026.pdf)
- 2026-10-12 — Management Change: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_12102026174805_Covering12102026.pdf)
- 2026-10-12 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20261012_175428500.xml)
- 2026-10-07 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_07102026120136_Covering.pdf)
- 2026-10-06 — Management Change: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_06102026182408_Covering06102026.pdf)
- 2026-10-05 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_05102026164427_BODComments.pdf)
- 2026-10-01 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_01102026185414_Coveringletter.pdf)
- 2026-10-01 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20261001_185805701.xml)
- 2026-09-30 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_30092026130148_OutcomeofBoardMeeting.pdf)
- 2026-09-30 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20260930_134952905.xml)
- 2026-09-30 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_30092026164406_Covering30092026.pdf)
- 2026-09-30 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20260930_170710852.xml)
- 2026-09-29 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_29092026180956_Covering29092026.pdf)
- 2026-09-25 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_17412_WebXMLFile_20260925_162745379.xml)
- 2026-09-25 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_25092026163022_TWC25092026.pdf)
- 2026-09-22 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17412_WebXMLFile_20260922_190645018.xml)
- 2026-09-22 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_22092026191002_Concallintimation.pdf)
- 2026-09-19 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20260919_191344665.xml)

## News and market events

- 2026-10-30 — The Hindu: **Stocks to Watch, Oct 30: Reliance, Jio Platforms, NIIT Learning, Sagility, OnMobile, IDBI Bank, NBCC, RVNL** — NIIT Learning Systems Ltd completed the acquisition of 100% stake in Bluewater Learning, LLC for up to $17.6 million, while Reliance Industries and Jio Platforms released their key financial results for the period. — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-oct-reliance-jio-platforms-niit-learning-sagility-onmobile-idbi-bank-nbcc-rvnl/article71643389.ece)
- 2026-10-30 — Economic Times: **Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL** — Trent reported a 25.3% YoY increase in consolidated profit to Rs 468.09 crore for Q2FY27, with revenue climbing 22%. Lodha Developers is among the companies scheduled to release their second-quarter earnings results on October 30. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-ril-jio-trent-suzlon-energy-indigo-vedanta-power-and-rvnl/articleshow/135324704.cms)
- 2026-10-10 — Mint: **Vande Bharat Sleeper: Flight-like comforts, fares from ₹960 — Take a look at what 2AC offers | Mint** — Key features within the berths prioritize individual comfort and personal space. Each passenger gets direct control over an automotive-inspired air-ventilation unit, an adjustable reading lamp, and full-length privacy drapes — [Source](https://www.livemint.com/industry/infrastructure/inside-the-vande-bharat-sleeper-a-fresh-look-at-india-s-upgrade-to-rail-travel-11791642282016.html)
- 2026-10-10 — Mint: **Dividend kings of Railway shares: IRFC vs RVNL vs IRCTC vs RITES vs CONCOR - Which PSU stock wins the crown?** — For dividend-focused investors comparing railway PSUs, RITES had the strongest 2026 yield, here are all the details about dividend. — [Source](https://www.livemint.com/market/stock-market-news/dividend-kings-of-railway-shares-irfc-vs-rvnl-vs-irctc-vs-rites-vs-concor-which-psu-stock-wins-the-crown-11791615271148.html)
- 2026-10-08 — Mint: **Railway PSU face-off: RITES vs RVNL - Which stock to buy ahead of Q2 results? Expectations, target price, returns** — RVNL and RITES are expected to post double-digit revenue growth in Q2 FY27, but analysts see different prospects. Check outlook for these two railway PSU stocks, their Q2 expectations and target price — [Source](https://www.livemint.com/market/stock-market-news/railway-psu-face-off-rites-vs-rvnl-which-stock-to-buy-ahead-of-q2-results-expectations-target-price-returns-11791462324329.html)
- 2026-09-30 — BUSINESSTODAY: **IRCON, RITES, Jupiter Wagons, Texmaco shares surge: What's happening with railway stocks?** — IRCON International, RITES, Jupiter Wagons, Texmaco Rail, Oriental Rail Infrastructure, RailTel, RVNL, IRFC, Container Corporation of India, IRCTC, Titagarh Rail Systems, railway stocks, railway shares, railway sector, railway stocks today, railway shares rally — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-rites-jupiter-wagons-texmaco-shares-surge-whats-happening-with-railway-stocks-558813-2026-09-30)
- 2026-09-30 — MONEYCONTROL: **Ircon, RVNL, IRCTC, other railway PSU shares rise up to 14% amid heavy volumes** — Ircon share price today, RVNL shares, IRCTC share price today news — [Source](https://www.moneycontrol.com/news/business/markets/ircon-rvnl-irctc-other-railway-psu-shares-rise-up-to-14-amid-heavy-volumes-14041873.html)
- 2026-09-29 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — IRFC Share Price Today - Get live NSE/BSE quotes of IRFC with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-09-26 — MONEYCONTROL: **How a 95-km railway line is opening up Chhattisgarh's former Maoist strongholds** — Dallirajhara Rowghat railway project, Rowghat railway line, Bastar railway connectivity, Chhattisgarh railways, Naxal affected areas railway, Maoist stronghold Bastar, Dallirajhara Rowghat rail line, Indian Railways Bastar, Rowghat railway project, Bastar development, Naxal areas infrastructure, SSB railway security, Jagdalpur railway project, Chhattisgarh railway projects, Rowghat iron ore — [Source](https://www.moneycontrol.com/news/business/how-a-95-km-railway-line-is-opening-up-chhattisgarh-s-former-maoist-strongholds-14038862.html)
- 2026-09-21 — Economic Times: **Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade higher - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: Indian markets have gained some relief over the past three sessions as Brent crude retreated after progress on Saudi pipeline repairs and the availability of alternative export routes eased concerns over a prolonged supply disruption. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-rvnl-lenskart-share-price-21-september-2026/liveblog/134377995.cms)
- 2026-09-21 — BUSINESSTODAY: **Top stocks in news: Lenskart, Nestle, Hy-Tech, Manika, RVNL, Mazagon, Coforge, GR Infra, HEG, Lumino** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Lenskart Solutions, Nestle India, Hy-Tech Engineers, Manika Plastech, Rail Vikas Nigam, RVNL, Mazagon Dock Shipbuilders, Coforge, GR Infraprojects, HEG, Lumino Industries, NIBE, Welspun Enterprises, Manipal Health Enterprises, VIP Industries, Kalyan Jewellers, Puravankara, Refex Industries, Knowledge Marine & Engineering Works, Embassy Developments, Utkarsh Small Finance Bank — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-lenskart-nestle-hy-tech-manika-rvnl-mazagon-coforge-gr-infra-heg-lumino-556717-2026-09-21)
- 2026-09-21 — CNBC-TV18: **Order Win Impact: These six stocks may react after bagging contracts worth over ₹3,300 crore** — Fresh business wins spanning Saudi Arabia, Indian Railways, ports and urban infrastructure could drive action in these counters when trading resumes on Monday. — [Source](https://www.cnbctv18.com/market/welspun-corp-rvnl-heg-knowledge-marine-shares-order-win-impact-these-six-stocks-may-react-after-bagging-contracts-19994447.htm)
- 2026-09-20 — Mint: **Top stocks in focus tomorrow: Mazagon Dock, RVNL, Nestle India shares to move Sensex, Nifty? Monday, 21 Sept | Triggers** — Mazagon Dock, Rail Vikas Nigam (RVNL), Kalyan Jewellers, Welspun Enterprises, JSW Energy, Nestle India, GR Infraprojects are among the stocks likely to remain in focus. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-mazagon-dock-rvnl-nestle-india-shares-to-move-sensex-nifty-monday-21-sept-triggers-11789897835796.html)
- 2026-09-19 — CNBC-TV18: **RVNL receives ₹405 crore Letter of Acceptance from East Coast Railway for 3rd line works** — Shares of Rail Vikas Nigam Ltd ended at ₹210.30, up by ₹9.15, or 4.55%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/rvnl-share-price-receives-rs-405-crore-letter-of-acceptance-from-east-coast-railway-for-3rd-line-works-19994152.htm)
- 2026-09-18 — BUSINESS: **Nifty settles above 23,300 as Moody's GDP upgrade, easing oil support sentiment** — The key equity benchmarks ended mixed on Friday, as easing crude oil prices and softer global bond yields supported investor sentiment. Market sentiment was also aided by Moody's upward revision of India's FY27 GDP growth forecast to 7% from 6%, citing stronger-than-expected domestic activity and the resilience of the economy amid the ongoing conflict in West Asia. However, Moody's flagged elevated energy prices and El Ni-related food price pressures as risks to inflation, consumption and growth. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-settles-above-23-300-as-moody-s-gdp-upgrade-easing-oil-support-sentiment-126091800939_1.html)
- 2026-09-18 — Economic Times: **GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL** — GPT Infraprojects shares rallied nearly 9% after the company secured a major railway bridge order from RVNL. The contract strengthened its order book to Rs 4,992 crore, while FY27 order inflows reached Rs 818 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/gpt-infraprojects-shares-surge-9-after-securing-rs-484-crore-railway-order-from-rvnl/articleshow/134326998.cms)
- 2026-09-18 — BUSINESS: **GPT Infra receives bridge works for railways worth Rs 483.72 cr** — From Rail Vikas Nigam — [Source](https://www.business-standard.com/markets/capital-market-news/gpt-infra-receives-bridge-works-for-railways-worth-rs-483-72-cr-126091800308_1.html)
- 2026-09-18 — Mint: **GPT Infraprojects share price jumps 9%- What is driving the stock rally?** — GPT Infraprojects share price jumped as much as 9% in morning trade on the BSE on Friday, 18 September, looking set to extend gains for the second consecutive session. — [Source](https://www.livemint.com/market/stock-market-news/gpt-infraprojects-share-price-jumps-9-what-is-driving-the-stock-rally-11789704907100.html)
- 2026-09-18 — BUSINESS: **Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara** — Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-september-18-tata-group-stocks-wipro-bel-asian-paints-puravankara-126091800111_1.html)
- 2026-09-18 — Economic Times: **Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge** — Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-group-wipro-bel-hal-petronet-lng-and-bharat-forge/articleshow/134318416.cms)
- 2026-09-17 — Mint: **Up 1565% in six years: Small-cap stock to be in focus on Friday after  ₹484 crore order win** — GPT Infraprojects is attracting investor attention after securing a  ₹483.72 crore railway contract for a bridge over the Mahanadi River, enhancing its order book and revenue visibility. The order is part of expanding railway lines in the Khurda Road Division, to be completed in 1,095 days. — [Source](https://www.livemint.com/market/stock-market-news/up-1565-in-six-years-small-cap-stock-to-be-in-focus-on-friday-after-rs-484-crore-order-win-11789655149552.html)
- 2026-09-17 — CNBC-TV18: **GPT Infraprojects bags order worth ₹484 crore from RVNL for railway bridge construction** — Shares of GPT Infraprojects Ltd ended at ₹113.05, up by ₹2.00, or 1.80%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/gpt-infraprojects-share-price-bags-order-worth-rs-484-crore-from-rvnl-for-railway-bridge-construction-19993101.htm)
- 2026-09-15 — MONEYCONTROL: **Rishikesh-Karnprayag rail line achieves 41st tunnel breakthrough; what it means for Uttarakhand** — Rishikesh-Karnprayag, rail tunnel — [Source](https://www.moneycontrol.com/city/rishikesh-karnprayag-rail-line-achieves-41st-tunnel-breakthrough-what-it-means-for-uttarakhand-article-14029985.html)
- 2026-09-14 — Times of India: **Rishikesh-Karnprayag railway line project for Char Dham connectivity boost hits 41 tunnel breakthroughs; RVNL completes 10.847-km Escape Tunnel 1, with 5 more expected within a year** — India Business News: The 125 kilometres long Rishikesh-Karnaprayag new railway line, which is currently under construction, has achieved a major milestone with a new tunne. — [Source](https://timesofindia.indiatimes.com/business/india-business/rishikesh-karnprayag-railway-line-project-for-char-dham-connectivity-boost-hits-41-tunnel-breakthroughs-rvnl-completes-10-847-km-escape-tunnel-1-with-5-more-expected-within-a-year/articleshow/134237993.cms)
- 2026-09-12 — NEWS.WEBINDIA123.COM: **RVNL achieves 41st tunnel breakthrough in Rishikesh-Karnprayag rail project** — Rail Vikas Nigam Limited (RVNL) has achieved a major milestone in the Rishikesh-Karnprayag New Broad Gauge Rail Line Project with the final breakthrough of Escape Tunnel 1, marking the 41st tunnel breakthrough of the project. — [Source](https://news.webindia123.com/news/articles/india/20260912/4497858.html)

## Business profile

**Strategic vision:** Executes railway infrastructure development and capacity augmentation projects.

### Business segments
- **Railway Project Implementation:** RVNL executes various rail infrastructure works from concept to commissioning, including doubling & third line construction, new line construction, railway electrification, and gauge conversion.
- **Workshop & Metro Construction:** The company designs and builds modern railway manufacturing workshops, locomotive repair sheds, and urban transport infrastructure including metro rail systems and elevated corridors.
- **Joint Ventures and Special Purpose Vehicles (SPVs):** RVNL enters into joint venture arrangements with state governments, ports, and private sectors under Special Purpose Vehicles (SPVs) to finance and execute specific port-connectivity or freight corridor projects.

### Competitive strengths
- Government-backed enterprise status
- End-to-end project execution capabilities

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/rvnl
Markdown representation: https://faxioms.com/stocks/rvnl?render=md