199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?

199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?
199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy? (Image: Mint)
199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?
199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy? (Image: Mint)

199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?

199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?

199% Returns in 1 Year: Multibagger railway PSU stock rallies 6% on back-to-back order wins; Time to buy?

RVNL Share Price Today: Shares of Rail Vikas Nigam Ltd (RVNL) rallied six per cent during intra day on Wednesday, June 5 after securing back-to-back orders. RVNL has given multi-bagger returns to investors over the last one-to-three-year periods. The railway public-sector undertaking (PSU) is a construction arm of the railway ministry for projects and transportation infra development.

RVNL Q4 Results

During the March quarter, RVNL’s net profit rose 33 per cent to ₹478 crore, compared to ₹359.25 crore in the corresponding period last year, driven by strong revenue growth and improved operating performance. The revenue from operations grew 19 per cent to ₹6,714.01 crore

At the operating level, the PSU’s earnings before interest, tax, depreciation, and amortisation (EBITDA) in the fourth quarter of FY24 rose 21.8 per cent to ₹456.4 crore compared to ₹374.6 crore in year-ago period. The EBITDA margin came in at 6.8 per cent in the quarter-under-review, up from 6.6 per cent in the corresponding period in the previous fiscal.

RVNL’s board also recommended a final dividend of ₹2.11 per equity share or 21.10 per cent on the paid-up equity share capital for FY24, subject to the approval of the shareholders at the ensuing annual general meeting (AGM). The final dividend will be paid within 30 days from the date of its declaration at the AGM.

RVNL Share Price Trend

According to Trendlyne data, RVNL has given better returns compared to Nifty 50 and Sensex in the last one year. In the past one month, the railway PSU gave 32 per cent returns, against 2.04 per cent and 1.55 per cent returns by Nifty 50 and Sensex respectively. In the last one year, RVNL has given multibagger 193 per cent returns to investors as against 24.14 per cent and 20.24 per cent returns by Nifty 50 and Sensex respectively.

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