# RVNL (RVNL) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹214.29
- Change: +6.24%
- As of: 2026-09-18
- 1D return: +6.24%
- 5D return: +4.23%
- 1M return: -5.97%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, RVNL's technical stance is primarily bearish across daily, weekly, and monthly timeframes, with the current price of ₹201.7 trading below key moving averages and the Supertrend indicator on all observed periods. Daily momentum indicators suggest a weakening trend, evidenced by the ADX at 25.64 and the negative slope of short-term moving averages. The stock has recently formed an active "Bullish Engulfing Reversal" pattern on the daily chart, which may signal a potential short-term shift in sentiment, but this is occurring within a broader bearish context. The nearest support level is observed at ₹200.08, approximately 0.8% below the current price, while the closest resistance is at ₹202.65, about 0.47% higher. The stock exhibits elevated risk, with a current drawdown of -0.58 and annualized volatility of 0.41.

Timeframe alignment indicates a consistent bearish outlook. Daily, weekly, and monthly trends are all characterized by prices trading below their respective 20-day, 50-day, and 200-day simple and exponential moving averages, as well as below the Supertrend indicator. This broad-based weakness suggests that any short-term price movements may be counter-trend within a larger downtrend. Recent market activity includes one downside event and one neutral event in the past 30 days, with no positive attention events.

Key watch conditions include monitoring the ₹200.08 support level for potential breaches, which could signal further downside. Conversely, a sustained move above the ₹202.65 resistance, coupled with increasing volume and a shift in daily momentum indicators, would be necessary to challenge the prevailing bearish trend. The active "Bullish Engulfing Reversal" pattern warrants attention for potential short-term price stabilization or reversal, but its effectiveness will depend on subsequent price action and confirmation from other indicators.

- The stock closed at ₹201.7 on September 17, 2026, with daily, weekly, and monthly technical indicators indicating a bearish trend.
- Nearest support is ₹200.08 (0.8% below current price); nearest resistance is ₹202.65 (0.47% above current price).
- A daily "Bullish Engulfing Reversal" pattern is active, suggesting potential short-term price stabilization.
- Watch for a break below ₹200.08 to confirm further downside, or a sustained move above ₹202.65 with increasing volume to challenge the bearish trend.
- The stock has a current drawdown of -0.58 and annualized volatility of 0.41.

- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Outside Bar
- Hammer

### News Context

On September 18, 2026, Rail Vikas Nigam Limited (RVNL) was mentioned in relation to a significant railway bridge order awarded to GPT Infraprojects. GPT Infraprojects announced securing a contract worth ₹483.72 crore from RVNL. This order contributed to GPT Infraprojects' order book, increasing it to ₹4,992 crore, and brought their FY27 order inflows to ₹818 crore. The news of this order led to a nearly 9% surge in GPT Infraprojects' shares on the BSE.

- On September 18, 2026, GPT Infraprojects announced securing a railway bridge order worth ₹483.72 crore from Rail Vikas Nigam Limited (RVNL).
- This contract contributed to GPT Infraprojects' order book, which reached ₹4,992 crore.
- GPT Infraprojects' FY27 order inflows stood at ₹818 crore following this development.
- GPT Infraprojects' shares saw a nearly 9% increase on the BSE on September 18, 2026, following the announcement.

- GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
- GPT Infra receives bridge works for railways worth Rs 483.72 cr
- GPT Infraprojects share price jumps 9%- What is driving the stock rally?
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge

### What Changed

Rail Vikas Nigam (RVNL) was involved in a recent development where GPT Infraprojects announced securing a railway bridge order worth ₹483.72 crore from RVNL. This order contributed to GPT Infraprojects' order book, which reached ₹4,992 crore, with FY27 order inflows at ₹818 crore. Separately, Bharat Electronics (BEL) secured additional orders totaling ₹648 crore. These events occurred amidst a mixed market performance on Thursday, September 17, 2026, with the Nifty 50 seeing a modest increase and the Sensex a slight decrease. RVNL's stock price saw a slight increase from ₹197.5 on September 17, 2026, to ₹201.7 on September 18, 2026.

- GPT Infraprojects announced on September 18, 2026, that it secured a railway bridge order worth ₹483.72 crore from Rail Vikas Nigam.
- Bharat Electronics secured additional orders worth ₹648 crore, as reported around September 17, 2026.
- RVNL's stock price increased from ₹197.5 on September 17, 2026, to ₹201.7 on September 18, 2026.

- GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
- GPT Infra receives bridge works for railways worth Rs 483.72 cr
- GPT Infraprojects share price jumps 9%- What is driving the stock rally?
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge

### Official Filings

Rail Vikas Nigam Limited (RVNL) has disclosed several key developments. On September 4, 2026, the company received a Letter of Award from SJVN Thermal Private Limited for the construction of a permanent siding and aerial connection at the Buxar Thermal Power Project in Bihar. This contract, valued at ₹903,00,68,492 inclusive of GST, has a duration of 36 months. Additionally, RVNL emerged as the Lowest Bidder (L1) from East Coast Railway for a contract worth ₹404,88,18,738 (including GST) for execution works between Khurda Road and Gangadharpur, with a 30-month execution period. In terms of governance, the company's 23rd Annual General Meeting on August 25, 2026, saw the appointment of Mr. Saleem Ahmed as Chairman & Managing Director and Mr. Amit Tandon as Director (Projects). Shareholders also approved a final dividend of ₹0.71 per equity share for the financial year 2025-26. RVNL also announced the appointment of M/s. Gandhi Minocha & Co., Chartered Accountants, as its new statutory auditor for the financial year 2026-27, effective September 8, 2026. On the regulatory front, RVNL was fined ₹9,66,420 by the National Stock Exchange (NSE) on August 25, 2026, for non-compliance with SEBI LODR Regulations regarding Board composition for the quarter ended June 30, 2026. The company is seeking a waiver for this fine.

- On September 4, 2026, RVNL secured a contract valued at ₹903,00,68,492 from SJVN Thermal Private Limited for the Buxar Thermal Power Project.
- RVNL was identified as the Lowest Bidder (L1) for an East Coast Railway contract worth ₹404,88,18,738 on September 3, 2026.
- The 23rd Annual General Meeting on August 25, 2026, approved a final dividend of ₹0.71 per equity share and appointed Mr. Saleem Ahmed as Chairman & Managing Director.
- M/s. Gandhi Minocha & Co. was appointed as the new statutory auditor for FY 2026-27, effective September 8, 2026.
- RVNL received a fine of ₹9,66,420 from NSE on August 25, 2026, for non-compliance with Board composition regulations, and is seeking a waiver.

- Rail Vikas Nigam Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited) |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)
- Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway - Normal course of business of the Company. |SUBJECT: Updates
- Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Imposition of fine by NSE for the quarter ended 30th June, 2026 |SUBJECT: Action(s) taken or orders passed
- RAIL VIKAS NIGAM LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- Rail Vikas Nigam Limited has informed the Exchange regarding Summary Proceedings of Annual General Meeting held on August 25, 2026 |SUBJECT: Shareholders meeting
- Proceeding of 23rd Annual General Meeting of RVNL held on 25.08.2026. |SUBJECT: Shareholders meeting

### Fundamentals

Rail Vikas Nigam (RVNL) reported its financial results for the second, third, and fourth quarters of the fiscal year 2025-26. Revenue from operations showed variability, with a reported ₹5,122.98 crore in Q2 FY2025-26, decreasing to ₹4,684.46 crore in Q3 FY2025-26, and then increasing significantly to ₹6,695.91 crore in Q4 FY2025-26. Profit Before Tax (PBT) followed a similar pattern, standing at ₹318.36 crore in Q2, rising to ₹358.71 crore in Q3, and then falling to ₹246.27 crore in Q4 of the same fiscal year. Net profit, or Profit Loss For Period, mirrored this trend, with ₹230.52 crore in Q2, ₹324.14 crore in Q3, and ₹181.66 crore in Q4 FY2025-26. Consequently, Basic Earnings Per Share (EPS) was ₹1.10 in Q2, ₹1.55 in Q3, and ₹0.90 in Q4 FY2025-26. Tax expenses decreased sequentially from ₹111.87 crore in Q2 to ₹90.98 crore in Q3 and further to ₹68.68 crore in Q4 FY2025-26. Finance costs remained relatively stable, reported at ₹100.01 crore in Q2, ₹104.79 crore in Q3, and ₹97.55 crore in Q4 FY2025-26.

- Revenue from operations for Q2 FY2025-26 was ₹5,122.98 crore, decreasing to ₹4,684.46 crore in Q3 FY2025-26, and increasing to ₹6,695.91 crore in Q4 FY2025-26.
- Profit Before Tax (PBT) was ₹318.36 crore in Q2 FY2025-26, ₹358.71 crore in Q3 FY2025-26, and ₹246.27 crore in Q4 FY2025-26.
- Net profit for the period was ₹230.52 crore in Q2 FY2025-26, ₹324.14 crore in Q3 FY2025-26, and ₹181.66 crore in Q4 FY2025-26.
- Basic Earnings Per Share (EPS) was ₹1.10 in Q2 FY2025-26, ₹1.55 in Q3 FY2025-26, and ₹0.90 in Q4 FY2025-26.
- Tax expenses decreased sequentially from ₹111.87 crore in Q2 FY2025-26 to ₹68.68 crore in Q4 FY2025-26.

### Bull Case

The company has recently been involved in securing new orders, indicated by a Rs 484 crore railway order awarded to GPT Infraprojects by Rail Vikas Nigam. This order contributes to GPT Infraprojects' order book, strengthening its financial position. While this news directly impacts GPT Infraprojects, it signifies Rail Vikas Nigam's role in awarding significant contracts within the railway sector.

- Rail Vikas Nigam awarded a railway order worth ₹484 crore to GPT Infraprojects.
- The order was for railway bridge works.

- GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
- GPT Infra receives bridge works for railways worth Rs 483.72 cr
- GPT Infraprojects share price jumps 9%- What is driving the stock rally?
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge

### Bear Case

The company's stock is exhibiting a bearish trend across daily, weekly, and monthly timeframes, as indicated by technical indicators such as SuperTrend and Exponential Moving Averages (EMAs). This trend is accompanied by significant negative returns over various periods, including a 12-month return of -44% and a year-to-date return of -44%. The stock has also experienced a substantial drawdown of -58%, with a maximum drawdown reaching -59%, suggesting considerable past price depreciation. Furthermore, the current price of ₹201.7 is below key short-term and long-term moving averages, including the 20-day EMA (₹210.04), 50-day SMA (₹220.96), and 200-day SMA (₹274.77), reinforcing the cautionary technical picture.

- The stock's SuperTrend indicator is 'bearish' on daily, weekly, and monthly charts as of September 17, 2026.
- The 1-year return for the stock was -44% and the year-to-date return was -44% as of September 17, 2026.
- The current drawdown stands at -58%, with a maximum drawdown recorded at -59%.
- The current stock price of ₹201.7 is below the 20-day EMA (₹210.04) and the 50-day SMA (₹220.96) as of September 17, 2026.

- GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
- GPT Infra receives bridge works for railways worth Rs 483.72 cr
- GPT Infraprojects share price jumps 9%- What is driving the stock rally?
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge

### FAQs

**What recent large contracts has Rail Vikas Nigam Limited (RVNL) secured?**

On September 4, 2026, RVNL received a Letter of Award from SJVN Thermal Private Limited for the construction of a permanent siding and aerial connection at the Buxar Thermal Power Project in Bihar. This contract, valued at ₹9,030,068,492 inclusive of GST, has a 36-month execution period. Additionally, on September 3, 2026, RVNL emerged as the Lowest Bidder (L1) for a contract from East Coast Railway, valued at ₹404,881,8738 (including GST), with a 30-month execution period for various works on the Bhadrak-Vizianagaram Section.

**What has been the recent stock performance of RVNL?**

As of September 17, 2026, RVNL's stock has experienced a decline over various periods. The year-to-date (YTD) return was -44%, and the one-year return was also -44%. The stock has seen a 12% decrease in the last month and an 18% decrease over the last three months. Since its inception, the stock has fallen by 53%.

**What is the current technical outlook for RVNL based on recent data?**

As of September 17, 2026, the daily trend analysis for RVNL indicates a bearish SuperTrend direction at 213.65, with the closing price at 201.7. Exponential Moving Averages (EMAs) for 20 and 50 days are above the current price (210.04 and 221.07 respectively), and their slopes are negative, suggesting a downward momentum. The monthly trend also shows a bearish SuperTrend direction at 365.26.

**Has there been any change in RVNL's auditors?**

Yes, on September 9, 2026, Rail Vikas Nigam Limited informed the exchange that the Comptroller and Auditor General of India appointed M/s. Gandhi Minocha & Co., Chartered Accountants, as the Statutory Auditor for the financial year 2026-27. This appointment is effective from September 8, 2026, and has a term of one year.

- GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
- GPT Infra receives bridge works for railways worth Rs 483.72 cr
- GPT Infraprojects share price jumps 9%- What is driving the stock rally?
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
- Rail Vikas Nigam Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- Rail Vikas Nigam Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of Award from SJVN Thermal Private Limited (a wholly owned subsidiary of SJVN Limited) |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)
- Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway - Normal course of business of the Company. |SUBJECT: Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹200.03
- Risk regime: Higher Price Risk

### Support levels
- 203.83
- 208.9666666666666
- 205.4333333333333

### Resistance levels
- 216.45
- 236.825
- 335.225

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +6.24% |
| return_10 | +2.38% |
| return_1m | -4.76% |
| return_1y | -40.89% |
| return_20 | -5.97% |
| return_3m | -13.45% |
| return_5 | +4.23% |
| return_6m | -22.10% |
| return_since_start | -49.94% |
| return_ytd | -40.72% |

### 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 | -58.53% |
| annualized_volatility | +41.09% |

## 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

## Official filings

- 2026-09-09 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_09092026180635_Appoitment09092026.pdf)
- 2026-09-09 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20260909_181108303.xml)
- 2026-09-04 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_04092026195229_Coveringletter04092026.pdf)
- 2026-09-04 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17412_WebXMLFile_20260904_200642150.xml)
- 2026-09-03 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_03092026160600_Coveringletter03092026.pdf)
- 2026-08-31 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20260831_203414452.xml)
- 2026-08-26 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_26082026151652_Finedetails26082026.pdf)
- 2026-08-26 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_17412_WebXMLFile_20260826_153504899.xml)
- 2026-08-25 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_25082026145112_Summary_proceedings_23rd_AGM.pdf)
- 2026-08-25 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_25082026175403_23rdProceedings.pdf)
- 2026-08-20 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_20082026132036_Coveringletter20082026.pdf)
- 2026-08-20 — Annual Report: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30506_RVNL_2025_2026_U_21279949_21082026184722.pdf)
- 2026-08-18 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_18082026141230_Transcriptcovering.pdf)
- 2026-08-18 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17412_WebXMLFile_20260818_150412231.xml)
- 2026-08-14 — Management Change: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_14082026182908_Covering14082026.pdf)
- 2026-08-14 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17412_WebXMLFile_20260814_182416292.xml)
- 2026-08-11 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_11082026143057_Outcome_BOD_Q130062026.pdf)
- 2026-08-06 — Generic Announcement: Rail Vikas Nigam Limited (RVNL) will host an Investor Conference Call on Thursday, August 13, 2026, at 4:00 PM IST to discuss financial results and operations for the quarter ended June 30, 2026. Management representatives including the CMD, Directors, and CFO will participate. Details for registration and dial-in access are provided. — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_06082026181409_Concallintimation.pdf)
- 2026-08-03 — Generic Announcement: Rail Vikas Nigam Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17412_WebXMLFile_20260803_164416339.xml)
- 2026-08-02 — Generic Announcement: Rail Vikas Nigam Limited (RVNL) has published a newspaper advertisement regarding its 23rd Annual General Meeting (AGM). The AGM is scheduled for Tuesday, August 25, 2026, at 11:00 AM and will be conducted via Video Conferencing and Other Audio Visual Means. The Register of Members and Share Transfer Books will be closed from August 19 to August 25, 2026, inclusive. A final dividend, if declared at the AGM, will be paid within 30 days to eligible members. — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_02082026125528_Newspaper_Publication_02082026.pdf)
- 2026-08-01 — Official Filing: Rail Vikas Nigam Limited will hold its 23rd Annual General Meeting on August 25, 2026, at 11:00 AM IST via video conference. Key agenda items include adopting the financial statements for FY2026, declaring a final dividend of Rs. 0.71 per share for FY2026, reappointing directors Mrs. Anupam Ban and Mr. Mritunjay Pratap Singh, appointing Mr. Saleem Ahmed as Chairman & Managing Director, Mr. Amit Tandon as Director (Projects), and Mr. Bhartesh Kumar Jain as Government Nominee Director. The company also plans to authorize the board to fix remuneration for the yet-to-be-appointed Statutory Auditors for FY2027 and ratify the remuneration of Cost Auditors, M/s. R.M. Bansal & Co., for FY2027.
- 2026-08-01 — Generic Announcement: Rail Vikas Nigam Limited (RVNL) announced the 23rd Annual General Meeting for the Financial Year 2025-26 will be held on August 25, 2026, via Video Conferencing. The company also released its Annual Report for FY 2025-26, detailing a strategic transition towards a diversified infrastructure enterprise with an order book of ₹99,262 crore, including significant projects in rolling stock manufacturing and telecommunications infrastructure. — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_01082026164458_ARof23AGM.pdf)
- 2026-08-01 — Generic Announcement: Rail Vikas Nigam Limited (RVNL) has submitted its Business Responsibility & Sustainability Report (BRSR) for the Financial Year 2025-26. The report, which includes a Reasonable Assurance Report from an Independent Agency, details the company's performance and commitments across environmental, social, and governance (ESG) principles. Key areas covered include ethical conduct, sustainable products and services, employee well-being, supply chain management, and compliance with various national and international standards. — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_01082026165512_BRSRreport.pdf)
- 2026-07-31 — Generic Announcement: Shri Vegi Ramu Naidu, Executive Director (Civil) at Rail Vikas Nigam Limited (RVNL), has been relieved from services effective July 31, 2026, due to superannuation. He will cease to be part of the Senior Management team on August 1, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/RVNL_31072026181011_CoveringChangeinSeniorManagement.pdf)
- 2026-07-31 — Official Filing: Rail Vikas Nigam Limited reported the cessation of Mr. Vegi Ramu Naidu, Executive Director (Civil), due to superannuation or retirement, effective July 31, 2026.

## News and market events

- 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)
- 2026-09-07 — Economic Times: **RVNL shares rise 2% after bagging Rs 903 crore order from SJVN Thermal** — RVNL shares gained nearly 2% after the company received a Rs 903 crore Letter of Award from SJVN Thermal for a railway infrastructure project linked to the 1320 MW Buxar Thermal Power Project in Bihar. The company also recently emerged as the L1 bidder for a Rs 404 crore East Coast Railway project. — [Source](https://economictimes.indiatimes.com/markets/rvnl-shares-rise-2-after-bagging-rs-903-crore-order-from-sjvn-thermal/articleshow/133865981.cms)
- 2026-09-07 — CNBC-TV18: **These four stocks are in focus after order wins worth over ₹900 crore and drug approvals by USFDA** — Most of the stocks that will be reacting to their respective order wins / drug approvals have delivered negative to flat returns so far this year. — [Source](https://www.cnbctv18.com/market/these-four-stocks-are-in-focus-after-order-wins-worth-over-%25e2%2582%25b9900-crore-and-drug-approvals-by-usfda-19985156.htm)
- 2026-09-07 — MONEYCONTROL: **Rail Vikas Nigam shares in focus on order win worth Rs 903 crore** — Rail Vikas Nigam,Rail Vikas Nigam share price,Rail Vikas Nigam share price live today — [Source](https://www.moneycontrol.com/news/business/markets/rail-vikas-nigam-shares-in-focus-on-order-win-worth-rs-903-crore-14023537.html)
- 2026-09-07 — BUSINESSTODAY: **Top stocks in news: JSW Steel, TMCV, Mazagon, RVNL, Lupin, Molbio, Purple Style, HEG, Lemon Tree** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, JSW Steel, Tata Motors, TMCV, Mazagon Dock Engineering, RVNL, Rail Vikas Nigam, Lupin, Molbio Diagnostics, Purple Style Labs, HEG, Lemon Tree Hotels, Shiprocket, Behari Lal Engineering, Mazagon Dock Shipbuilders, Lemon Tree Hotels, Cohance Lifesciences, Urban Enviro Waste Management, Brigade Enterprises, Price Focus, Nava, Jayaswal Neco Industries — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-jsw-steel-tmcv-mazagon-rvnl-lupin-molbio-purple-style-heg-lemon-tree-blel-553519-2026-09-07)
- 2026-09-06 — Mint: **Top stocks in focus on Monday: Why investors watch RVNL, Mazagon Dock, Tata Motors shares - Know news, triggers** — Rail Vikas Nigam (RVNL), Lupin, Tata Motors, Mazagon Dock Shipbuilders, JSW Steel, Lupin among the stocks likely to remain in focus. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-on-monday-why-investors-watch-rvnl-mazagon-dock-tata-motors-shares-know-news-triggers-11788692544285.html)
- 2026-09-06 — CNBC-TV18: **Stocks to Watch for September 7: RVNL, Mazagon Dock, Tata Motors, JSW Steel and more** — From RVNL receiving a ₹903 crore Letter of Award from SJVN Thermal to Lupin securing US FDA approval for Modafinil Tablets USP, 100 mg and 200 mg, here are the stocks to track ahead of Monday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-7-rvnl-mazagon-dock-tata-motors-jsw-steel-and-more-19984660.htm)
- 2026-09-04 — Mint: **Railway stock: RVNL shares to be in focus on Monday after  ₹903 crore order from SJVN** — Shares of Rail Vikas Nigam are set to draw investor interest after receiving an award from SJVN for a construction project in Bihar. Despite recent stock declines, retail investors maintain a strong interest, holding 18.2% of shares, reflecting confidence in long-term growth prospects. — [Source](https://www.livemint.com/market/stock-market-news/railway-stock-rvnl-shares-to-be-in-focus-on-monday-after-rs-903-crore-order-from-sjvn-11788544483468.html)
- 2026-09-04 — BUSINESS: **Sensex, Nifty rebound as easing US yields, Asian gains boost sentiment** — The key equity benchmarks ended with modest gains on Friday, snapping a four-session losing streak. The rebound was supported by positive Asian cues and easing US Treasury yields, as expectations of an imminent Federal Reserve rate hike moderated. The Nifty settled near the 23,900 level, while the Sensex also closed above 76,500 mark. Gains were led by metal and private banking stocks. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-rebound-as-easing-us-yields-asian-gains-boost-sentiment-126090400955_1.html)
- 2026-09-04 — The Hindu: **Sensex today | Stock Highlights: Sensex rises 362 pts, Nifty ends at 23,897.7 as elevated crude keeps sentiment subdued** — Sensex, Nifty, Share Prices Highlights: Indian shares rose on Friday after declining ​for four straight sessions but logged weekly losses as high ‌crude prices and bond yields earlier in the ​week outweighed robust domestic growth and tax-collection ⁠data. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-4th-september-2026/article71425360.ece)
- 2026-09-04 — BUSINESSTODAY: **RVNL shares rise 2% after emerging L1 for Rs 405 crore East Coast Railway project** — RVNL shares rise 2% after emerging L1 for Rs 405 crore East Coast Railway project — [Source](https://www.businesstoday.in/markets/stocks/story/rvnl-shares-rise-2-after-emerging-l1-for-rs-405-crore-east-coast-railway-project-553308-2026-09-04)
- 2026-09-04 — BUSINESSTODAY: **RVNL shares in focus: Railway sector firm bags Rs 405-crore order, check details** — RVNL shares,  Rail Vikas Nigam order win , RVNL LoA,  final dividend record date, RVNL shares fall, RVNL shares , Market cap of RVNL falls, RVNL stock price target, RVNL share price target, RVNL, RVNL shares in news, RVNL, RVNL shares fall, RVNL shares, multibagger railway stock rises, RVNL shares decline, RVNL market cap falls, Rail Vikas Nigam share price, RVNL stock, RVNL, RVNL stock rises, RVNL stock hits record high, RVNL shares, RVNL shares rise, RVNL stock rises, RVNL stock rise, RVNL shares in news, RVNL shares on record rally , RVNL stock in news, RVNL shares in news — [Source](https://www.businesstoday.in/markets/stocks/story/rvnl-shares-in-focus-railway-sector-firm-bags-rs-405-crore-order-check-details-553304-2026-09-04)
- 2026-09-02 — Times of India: **First Vande Bharat in 2019, sleeper version came in 2026; now 260 trains in works** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/133702275.cms" /The first pair of Vande Bharat sleeper trains was launched earlier this year between Guwahati and Howrah. The second pair is undergoing trials and is expected to enter service soon. Reports suggest it may run between Bengaluru and Mumbai, though an official confirmation is awaited. — [Source](https://timesofindia.indiatimes.com/business/india-business/in-2019-india-launched-its-first-vande-bharat-express-seven-years-later-came-the-sleeper-version-and-railways-now-plans-260-vande-sleeper-rakes-with-world-class-features/articleshow/133702275.cms)
- 2026-09-02 — BUSINESS: **GPT Infraprojects wins RVNL project worth Rs 483 cr** — GPT Infraprojects wins RVNL project worth Rs 483 cr — [Source](https://www.business-standard.com/markets/capital-market-news/gpt-infraprojects-wins-rvnl-project-worth-rs-483-cr-126090200252_1.html)
- 2026-09-01 — MONEYCONTROL: **Business news live: Piramal Finance closes Rs 3,850 crore capital raise** — business news live, ipo, gmp, gold, silver, oil price, india — [Source](https://www.moneycontrol.com/news/business/india-business-news-live-business-news-gold-silver-rbi-gmp-ipo-liveblog-14019424.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

## Related stocks

- [AIAENG (Engineering & Capital Goods)](https://faxioms.com/stocks/aiaeng) — -0.25%
- [AMBER (Engineering & Capital Goods)](https://faxioms.com/stocks/amber) — +1.12%
- [ASTRAL (Engineering & Capital Goods)](https://faxioms.com/stocks/astral) — +2.06%
- [CEMPRO (Engineering & Capital Goods)](https://faxioms.com/stocks/cempro) — +0.67%
- [CIEINDIA (Engineering & Capital Goods)](https://faxioms.com/stocks/cieindia) — +0.38%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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