In the last 2 years, the RVNL stock gained about 1000% very quickly. No one expected that any stock could surge like this in just 2 years. In a few words, the RVNL is the greatest example of a multi-bagger stock. In the RVNL share price target 2024, 2025, and 2026 can be a few more opportunities or not, let’s find out.
On the other side, this type of gain in the stock does not match with its financial, fundamental, and business model. There are high chance that in the upcoming few months, the stock can fall or consolidate for a long time.
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About RVNL (Rail Vikas Nigal Ltd)
RVNL stands for Rail Vikas Nigam Limited which was founded in 2003, the company is involved in the business of construction and project development for the Indian railways and the company works under the Ministry of Railways.
RVNL helps the Indian railway in the construction and project developments. Over the years, the company developed various types of projects and some are under development.
The company works on projects like doubling, new lines, bridges, workshops, railway electrification, gauge conversion, and more.
Projects Completed
- Training: Indian Railways Institute of Financial Management
- Bridge Work: Vallarpadam – Idapally Longest Rail Bridge
- New Line: Obulavaripalli – Krishnapatnam Project
- Doubling: Jakhapura – Haridaspur 3rd Line
- Doubling: Cuttack – Barang Doubling
- Doubling: Rajatgarh – Barang Doubling
- New Line: Haridaspur – Paradeep (82KM)
- New Line: Daitari – Banspani New Line
- Electrification: Tomka – Banspani – RE
- and more…
Projects in Progress
- Doubling – Raipur Titlagarh (203 KM)
- Bridge Works – Manamadurai Rameswaram Repl of Full Scherzer Life Span
- New Line: Rishikesh – Karnaprayag
- Doubling: Dhanbad – Sonnagar (Patratu – Sonnagar) – 3rd line (291 km)
- Doubling: Mathura – Jhansi 3rd line
- Gauge Conversion: Lucknow – Pilibhit GC (262.76 km)
- and dozens of more projects in progress…
RVNL’S Scrip Info
| NSE | RVNL |
| BSE | 542649 |
| ISIN | INE41G01027 |
| SECTOR | Infrastructure Developers & Operators |
Company Analysis
Below you’ll find Rail Vikas Nigam Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹334 |
| Sep 2023 | ₹370 |
| Dec 2023 | ₹326 |
| Mar 2024 | ₹433 |
| Jun 2024 | ₹218 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹790 |
| Mar 2021 | ₹941 |
| Mar 2022 | ₹1,087 |
| Mar 2023 | ₹1,268 |
| Mar 2024 | ₹1,463 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,17,105Cr | ROE | 18.00% |
| P/E Ratio (TTM) | 80.47 | EPS (TTM) | 6.98 |
| P/B Ratio | 13.39 | Div. Yield | 0.38% |
| Industry PE | 36.04 | Book Value | 41.95 |
| Debt to Equity | 0.69 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 2.32% | 2.59% | 2.32% | 3.13% |
| DIIs | 5.83% | 6.08% | 6.18% | 6.77% |
| Public | 19.01% | 18.50% | 18.66% | 17.25% |
| Promoters | 72.84% | 72.84% | 72.84% | 72.84% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
- Low debt on the RVNL company.
- DIIs are increasing their holdings.
- RVNL is making a profit continually.
- No promoters pledge their holdings.
- The PE Ratio of the stock is very high (PE>40)
- The earnings of the company are improving annually.
- EPS (earnings per share) growth of the company is high.
- Annually the net profit is almost double in the last 5 years.
- In the last quarter, brokers gave a buy rating for the RVNL stock.
- In the past 4 quarters, RVNL’s promoter decreased their holdings by 5.36%
- RVNL stock is trading above short, medium, and long-term moving averages.
Quarterly Results – June 2024
In the quarter, the net profit of the RVNL company is almost declined by 50%. In the previous quarter the net profit was Rs. 433 Crore and now it is Rs. 218 Crore.
Not only net profit but also sales of the company is droped by 2637. The sales of the quarter is lowest in the last 2 years.
RVNL Share Price Target
More than a 1000% gain in any stock in just 2 years is incredible. Millions of people undoubtedly made a huge return from the stock in the last 2 years. Still, retail investors are attracted to it because, in the last 6 months, the stock gained more than 125%. Here, RVNL’s share price target for 2024, 2025, and 2026 will help you decide whether you should invest in it or not.
Various things indicate a bullish momentum in the stock for the short term and on the other hand, a few things indicate that the stock may fall in the future very badly. So, let’s understand each thing in detail.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹400 | ₹420 |
| 2025 | ₹ | ₹ |
| 2026 | ₹ | ₹ |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
RVNL Share Price Target 2024
In the last 2 months, the RVNL stock gained more than 80% as of now. It’s a huge gain in a month for a stock. The technicals and price action is looking very bullish for the stock in the short term. The average targets given by some analysts have already been achieved.
As per daily, weekly, and monthly technical indicators, the RVNL stock is very bullish. Right now RVNL is trading above the moving averages (periods 5, 10, 20, 50, 100, and 200), and MA crossovers (short, medium, and long term). It is a clear signal that the stock is bullish.
Technical Indicators like RIS (14), Stochastic (20,3), Williamson%R(14), MFI(14), ART(14), and ADX(14) are showing overbought. Some indicators like MACD(12, 26, 9), ROC (20), and CCI(20) are showing bullish.
In a few words, the stock is very bullish and in the bullish trend, RVNL’s share price target for 2024 can go near Rs. 400 to Rs. 420.
RVNL share price target 2025 and 2026
We have seen high growth in the financials, sales, EPS, fundamentals, etc in dozens of small-cap to medium-cap stocks in the past few years but no stock has gained like this.
In a few words, it is a very risky investment in the stock at this current level. This stock gained a lot because of the heavy buying in the last 2 years. There are dozens of stocks gained a lot in the last 2 years but many of them are now 20% to 30% down from their all-time or 52-week high.
In short, you should not invest in the stock at its current level but if you want to invest then invest in the stock with a SL near any major support and keep trailing SL too. For the year 2025 and 2026, we do not have any targets due to high volatility in the stock.
FAQs
RVNL (Rail Vikas Nigam Limited) works under the Ministry of Railways. It is involved in the business of construction and development for the Indian railways. It constructs and develops doubling, new lines, bridges, workshops, railway electrification, gauge conversion, and more.
RVNL is a good company, its earnings are increasing, making a profit continuously, fundamentally strong company, and many more good things.
In short, it is a good company, but in the last 2 years, RVNL’s stock price surged by more than 1000%. The problem is this type of gain in any stock is very abnormal and currently it is trading near its all-time high.
So, investing in the stock at this level is very risky for the long term as in the future the stock may fall badly.
Currently, the RVNL stock is very bullish, technical indicators, and moving averages (short-term, medium-term, and long-term) are a bullish trend in the stock.
Buying the stock using price action for the short term can be profitable but always remember that it is a risky and highly volatile stock so, do not trade without SL. In 2024, the stock may go near Rs. 400 to Rs. 425.
Final Words
RVNL is involved in the business of construction and project developments for the Indian Railways and the company works under the Ministry of Railways. As per the technical indicator and moving averages the RVNL share price target for 2024, 2025, and 2026 is bullish, and may the stock gain soon.