Rail Vikas Nigam Q3 Results Review - Weak Quarter, Consistent Inflow: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Rail Vikas Nigam Ltd.'s Q3 FY24 performance was weak as revenue has declined by 6% YoY and profit after tax declined by 6% YoY. Rail Vikas Nigam at the end of 9M FY24 has reported order book at Rs 650 billion , three times trailing twelve months revenue. Order inflow has been consistent, in Q3 FY24 it stood at Rs 17 billion versus Rs 66 billion in H1 FY24. Order win is becoming diversified with 9M FY24 inflow has come from sectors like railway (contributing 20% to 9M FY24 inflow), metro (26%), irrigation (14%), power (30%) and remaining from road sector at 10%. Rail Vikas Nigam which started as railway engineering, procurement and construction company is moving to other sectors for growth and thus margin trajectory is key to watch going ahead. Post the result we have introduce FY26E and revised SOTP base target price to Rs 248, this implies 30 times FY26E EPS (earlier target price Rs 149, ~20 times FY25E EPS) and retain 'Hold' rating. We have modeled EPS increase at 7%/9% YoY in FY25E and FY26E..Click on the attachment to read the full report:.PSP Projects Q3 Results Review - Mixed Set Of Number; Guidance Maintained: IDBI Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rail Vikas Nigam Q3 Results Review - Weak Quarter, Consistent Inflow: IDBI Capital

Rail Vikas Nigam has signed an MoU with REC, Rural Electrification Corporation for infra financing upto Rs 350 billion.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Rail Vikas Nigam Q3 Results Review - Weak Quarter, Consistent Inflow: IDBI Capital

Rail Vikas Nigam has signed an MoU with REC, Rural Electrification Corporation for infra financing upto Rs 350 billion.

Choose a plan

Follow Us

DOWNLOAD THE APP