Rail Vikas Nigam Limited
Rail Vikas Nigam Limited, together with its subsidiaries, engages in rail infrastructure works in India and internationally. The company undertakes rail project development and implementation, as well as provides financial resources mobilization services. It also executes various railway projects, including new lines, doubling, gauge conversion, railway electrification, workshops, bridge work, me… Read more
Rail Vikas Nigam Limited (RVNL) - Net Assets
Latest net assets as of September 2025: ₹95.58 Billion INR
Based on the latest financial reports, Rail Vikas Nigam Limited (RVNL) has net assets worth ₹95.58 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹197.51 Billion) and total liabilities (₹101.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹95.58 Billion |
| % of Total Assets | 48.4% |
| Annual Growth Rate | 12.11% |
| 5-Year Change | 71.93% |
| 10-Year Change | 179.66% |
| Growth Volatility | 4.86 |
Rail Vikas Nigam Limited - Net Assets Trend (2013–2025)
This chart illustrates how Rail Vikas Nigam Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rail Vikas Nigam Limited (2013–2025)
The table below shows the annual net assets of Rail Vikas Nigam Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹95.71 Billion | +9.43% |
| 2024-03-31 | ₹87.46 Billion | +19.40% |
| 2023-03-31 | ₹73.25 Billion | +14.50% |
| 2022-03-31 | ₹63.97 Billion | +14.92% |
| 2021-03-31 | ₹55.67 Billion | +8.82% |
| 2020-03-31 | ₹51.16 Billion | +16.39% |
| 2019-03-31 | ₹43.96 Billion | +12.02% |
| 2018-03-31 | ₹39.24 Billion | +10.32% |
| 2017-03-31 | ₹35.57 Billion | +3.93% |
| 2016-03-31 | ₹34.22 Billion | +11.83% |
| 2015-03-31 | ₹30.61 Billion | +19.94% |
| 2014-03-31 | ₹25.52 Billion | +5.14% |
| 2013-03-31 | ₹24.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rail Vikas Nigam Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2502.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹74.86 Billion | 78.21% |
| Common Stock | ₹20.85 Billion | 21.79% |
| Total Equity | ₹95.71 Billion | 100.00% |
Rail Vikas Nigam Limited Competitors by Market Cap
The table below lists competitors of Rail Vikas Nigam Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GCC S.A.B. DE C.V.
F:AK4
|
$1.77 Billion |
|
Himax Technologies Inc
NASDAQ:HIMX
|
$1.77 Billion |
|
Zhongsheng Group Holdings Limited
PINK:ZHSHF
|
$1.77 Billion |
|
Jungheinrich Aktiengesellschaft
PINK:JGHAF
|
$1.78 Billion |
|
Greatoo Inc
SHE:002031
|
$1.77 Billion |
|
Nabtesco Corporation
PINK:NCTKF
|
$1.77 Billion |
|
Wedge Industrial Co Ltd
SHE:000534
|
$1.77 Billion |
|
Bumi Resources Tbk
JK:BUMI
|
$1.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rail Vikas Nigam Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 87,456,800,000 to 95,707,100,000, a change of 8,250,300,000 (9.4%).
- Net income of 12,813,900,000 contributed positively to equity growth.
- Dividend payments of 4,399,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 710,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹12.81 Billion | +13.39% |
| Dividends Paid | ₹4.40 Billion | -4.6% |
| Other Comprehensive Income | ₹-710.00 Million | -0.74% |
| Other Changes | ₹545.80 Million | +0.57% |
| Total Change | ₹- | 9.43% |
Book Value vs Market Value Analysis
This analysis compares Rail Vikas Nigam Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.91x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 23.30x to 5.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹11.64 | ₹271.25 | x |
| 2014-03-31 | ₹12.24 | ₹271.25 | x |
| 2015-03-31 | ₹14.68 | ₹271.25 | x |
| 2016-03-31 | ₹16.41 | ₹271.25 | x |
| 2017-03-31 | ₹17.06 | ₹271.25 | x |
| 2018-03-31 | ₹18.82 | ₹271.25 | x |
| 2019-03-31 | ₹21.08 | ₹271.25 | x |
| 2020-03-31 | ₹24.54 | ₹271.25 | x |
| 2021-03-31 | ₹26.70 | ₹271.25 | x |
| 2022-03-31 | ₹30.33 | ₹271.25 | x |
| 2023-03-31 | ₹34.75 | ₹271.25 | x |
| 2024-03-31 | ₹41.95 | ₹271.25 | x |
| 2025-03-31 | ₹45.90 | ₹271.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rail Vikas Nigam Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.43%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.14x
- Recent ROE (13.39%) is below the historical average (14.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.77% | 6.63% | 0.19x | 4.70x | ₹-1.03 Billion |
| 2014 | 13.20% | 10.71% | 0.24x | 5.17x | ₹816.89 Million |
| 2015 | 11.01% | 10.71% | 0.20x | 5.27x | ₹307.98 Million |
| 2016 | 12.55% | 9.46% | 0.20x | 6.49x | ₹871.91 Million |
| 2017 | 12.47% | 7.50% | 0.67x | 2.49x | ₹877.72 Million |
| 2018 | 14.51% | 7.50% | 0.89x | 2.18x | ₹1.77 Billion |
| 2019 | 15.65% | 6.83% | 0.83x | 2.74x | ₹2.48 Billion |
| 2020 | 14.79% | 5.21% | 1.17x | 2.42x | ₹2.45 Billion |
| 2021 | 17.81% | 6.44% | 1.09x | 2.54x | ₹4.35 Billion |
| 2022 | 17.55% | 5.73% | 0.97x | 3.14x | ₹4.78 Billion |
| 2023 | 18.52% | 6.62% | 1.10x | 2.54x | ₹6.17 Billion |
| 2024 | 17.73% | 7.09% | 1.12x | 2.24x | ₹6.76 Billion |
| 2025 | 13.39% | 6.43% | 0.97x | 2.14x | ₹3.24 Billion |
Industry Comparison
This section compares Rail Vikas Nigam Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rail Vikas Nigam Limited (RVNL) | ₹95.58 Billion | 5.77% | 1.07x | $1.77 Billion |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |