Rs 2.11 Dividend, 984% Rally: Railways PSU Rises 25.13% On Orders Win, Robust Q4

Rail Vikas Nigam Ltd shares have been witnessing sharp rally in last few days after it declared healthy quarterly earnings and latest order wins. RVNL on May 17, 2024 announced a jump of 33.2% year-on-year (YoY) in its net profit to Rs 478.6 crore for Q4 ended March 31, 2024 as against the net profit of Rs 359 crore in the corresponding quarter of last year. RVNL also recommended an final dividend of Rs 2.11 per share for FY 2023-24. RVNL shares offered stunning returns of 86% year-to-date and 963% return in last 2-years only. In last 5-years, Rail Vikas Nigam Ltd shares zoomed 1317%.

FII/FPI have decreased holdings from 2.59% to 2.32% in Mar 2024 qtr. Number of FII/FPI investors increased from 122 to 131 in March 2024 qtr. Number of MF schemes remains unchanged at 17 in March 2024 quarter. More details below:

Rail Vikas Nigam Ltd Bags New Order On May 20: As per May 20 BSE filing, "Rail Vikas Nigam Limited has received Letter of Acceptance from SER HQELECTRICAL/SOUTH EASTERN RAILWAY for "Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.)- Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading Target.".

RVNL Bags Multiple Orders In May Only: The broad consideration or size of the cost of work is Rs 148,26,89 ,066.54/- (Rs One Hundred Fourty-Eight crore twenty-six Lakh Eighty Nine Thousand Sixty-Six rupees and Fifty-four paisa) including applicable taxes. The time period by which the order needs to be executed is 18 months.

RVNL also bagged yet another order on May 13, 2024 from Southern Railways. The broad consideration or size of the Project Cost including GST as Rs. 2,39,09,95,615.92 (Rupees- Two Hundred And Thirty-Nine Crore Nine Lakh Ninety-Five Thousand Six Hundred And Fifteen Rupees And Ninety-Two Paise Only) and time period is 12 months. It bagged another order on May 8 worth Rs 167,28,12,874.95/- (Rs One Hundred Sixty-seven crore twenty-eight Lakh twelve thousand eight hundred seventy-four rupees and ninety-five paisa) including applicable taxes."

Rail Vikas Nigam Q4 Results: RVNL's revenue from operations jumped 17.4% to Rs 6,714 crore as against Rs 5,719.8 crore in the same quarter of last year. Its EBITDA, at the operating level, rallied 21.8% to Rs 456.4 crore for March 2024 quarter as against Rs 374.6 crore in the year ago period. EBITDA margin came at 6.8% for the quarter under review as against 6.6% in the same period of last fiscal.

RVNL To Reward Shareholders With Dividend: As per the May 17 BSE filing of RVNL, the board recommended a final dividend of Rs 2.11 per share (i.e. 2 1.10%) on the paid-up equity share capital for the financial year 2023-24 subject to the approval of the shareholders at the ensuing AGM. Final dividend 2023-24 will be paid within 30 days from the date of its declaration at the AGM.

How To Be Eligible For RVNL Dividend? Recorddate plays key role in deciding eligibility of shareholders for obtaining dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. RVNL has yet to issue the record date for dividend.

RVNL Share Performance: The 52-week high price of RVNL shares on BSE is Rs 359.00 per share (as on 22/05/2024) and 52-week low price is Rs 110.50 per share (as on 31/05/2023). The company's market capitalisation is Rs 71,057.49 crore. RVNL shares offered return of 25% in last 1-week, rallied 89% year-to-date (YTD), soared 107% in last 6-months, offered stunning return of 198% in last 1-year. Rail Vikas Nigam share zoomed 1051% in last 3-years.

About: RVNL is a Navratna CPSE under the Ministry of Railways, Government of India. RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of Ministry of Railways (MoR). It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable, according to its official website.

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