Rail Vikas Nigam Limited (RVNL) - Net Assets

Latest as of September 2025: Rs95.58 Billion INR ≈ $1.03 Billion USD

Based on the latest financial reports, Rail Vikas Nigam Limited (RVNL) has net assets worth Rs95.58 Billion INR (≈ $1.03 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs197.51 Billion ≈ $2.14 Billion USD) and total liabilities (Rs101.92 Billion ≈ $1.10 Billion USD). 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. Check Rail Vikas Nigam Limited tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs95.58 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. See RVNL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see RVNL company net worth.

Year	Net Assets	Change
2025-03-31	Rs95.71 Billion ≈ $1.04 Billion	+9.43%
2024-03-31	Rs87.46 Billion ≈ $945.83 Million	+19.40%
2023-03-31	Rs73.25 Billion ≈ $792.18 Million	+14.50%
2022-03-31	Rs63.97 Billion ≈ $691.85 Million	+14.92%
2021-03-31	Rs55.67 Billion ≈ $602.04 Million	+8.82%
2020-03-31	Rs51.16 Billion ≈ $553.27 Million	+16.39%
2019-03-31	Rs43.96 Billion ≈ $475.36 Million	+12.02%
2018-03-31	Rs39.24 Billion ≈ $424.37 Million	+10.32%
2017-03-31	Rs35.57 Billion ≈ $384.67 Million	+3.93%
2016-03-31	Rs34.22 Billion ≈ $370.12 Million	+11.83%
2015-03-31	Rs30.61 Billion ≈ $330.98 Million	+19.94%
2014-03-31	Rs25.52 Billion ≈ $275.95 Million	+5.14%
2013-03-31	Rs24.27 Billion ≈ $262.47 Million	--

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	Rs74.86 Billion	78.21%
Common Stock	Rs20.85 Billion	21.79%
Total Equity	Rs95.71 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
Pepco Group B.V. WAR:PCO	$5.44 Billion
Avantor Inc NYSE:AVTR	$5.44 Billion
TMBThanachart Bank Public Company Limited F:NVPJ	$5.45 Billion
Versant Media Group, Inc. NASDAQ:VSNT	$5.45 Billion
Axcelis Technologies Inc NASDAQ:ACLS	$5.44 Billion
Madison Square Garden Sports Corp NYSE:MSGS	$5.44 Billion
Focuslight Technologies Inc. A SHG:688167	$5.43 Billion
REINET INVESTMENTS S.C.A. F:RNT	$5.43 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	Rs12.81 Billion	+13.39%
Dividends Paid	Rs4.40 Billion	-4.6%
Other Comprehensive Income	Rs-710.00 Million	-0.74%
Other Changes	Rs545.80 Million	+0.57%
Total Change	Rs-	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: 5.25x
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 20.72x to 5.25x 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	Rs11.64	Rs241.14	x
2014-03-31	Rs12.24	Rs241.14	x
2015-03-31	Rs14.68	Rs241.14	x
2016-03-31	Rs16.41	Rs241.14	x
2017-03-31	Rs17.06	Rs241.14	x
2018-03-31	Rs18.82	Rs241.14	x
2019-03-31	Rs21.08	Rs241.14	x
2020-03-31	Rs24.54	Rs241.14	x
2021-03-31	Rs26.70	Rs241.14	x
2022-03-31	Rs30.33	Rs241.14	x
2023-03-31	Rs34.75	Rs241.14	x
2024-03-31	Rs41.95	Rs241.14	x
2025-03-31	Rs45.90	Rs241.14	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	Rs-1.03 Billion
2014	13.20%	10.71%	0.24x	5.17x	Rs816.89 Million
2015	11.01%	10.71%	0.20x	5.27x	Rs307.98 Million
2016	12.55%	9.46%	0.20x	6.49x	Rs871.91 Million
2017	12.47%	7.50%	0.67x	2.49x	Rs877.72 Million
2018	14.51%	7.50%	0.89x	2.18x	Rs1.77 Billion
2019	15.65%	6.83%	0.83x	2.74x	Rs2.48 Billion
2020	14.79%	5.21%	1.17x	2.42x	Rs2.45 Billion
2021	17.81%	6.44%	1.09x	2.54x	Rs4.35 Billion
2022	17.55%	5.73%	0.97x	3.14x	Rs4.78 Billion
2023	18.52%	6.62%	1.10x	2.54x	Rs6.17 Billion
2024	17.73%	7.09%	1.12x	2.24x	Rs6.76 Billion
2025	13.39%	6.43%	0.97x	2.14x	Rs3.24 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: $11,917,844,502
Average return on equity (ROE) among peers: 10.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rail Vikas Nigam Limited (RVNL)	Rs95.58 Billion	5.77%	1.07x	$5.44 Billion
A2Z Infra Engineering Limited (A2ZINFRA)	$265.76 Million	33.76%	17.75x	$27.18 Million
AFCONS INFRASTRUCTURE LTD (AFCONS)	$52.62 Billion	9.25%	2.25x	$1.30 Billion
Akash Infra-Projects Limited (AKASH)	$781.77 Million	2.20%	0.87x	$4.90 Million
Ashoka Buildcon Limited (ASHOKA)	$2.73 Billion	5.27%	1.15x	$402.59 Million
AXISCADES Technologies Limited (AXISCADES)	$236.20 Million	-6.64%	0.22x	$839.29 Million
Capacit'e Infraprojects Limited (CAPACITE)	$9.26 Billion	9.83%	1.55x	$216.87 Million
Consolidated Construction Consortium Limited (CCCL)	$-2.91 Billion	0.00%	0.00x	$71.89 Million
Ceigall India (CEIGALL)	$18.44 Billion	15.95%	1.30x	$697.72 Million
Dilip Buildcon Limited (DBL)	$37.73 Billion	7.07%	3.87x	$760.86 Million
Dhruv Consultancy Services Limited (DHRUV)	$34.11 Million	33.03%	1.17x	$5.64 Million

About Rail Vikas Nigam Limited

NSE:RVNL India Engineering & Construction

Market Cap

$5.44 Billion

Rs502.78 Billion INR

Market Cap Rank

#3418 Global

#150 in India

Share Price

Rs241.14

Change (1 day)

+0.60%

52-Week Range

Rs222.19 - Rs399.55

All Time High

Rs627.56