RVNL’s total market capitalization has crossed ₹1.11 lakh crore, making it worth more than the combined value of its peers: Ircon International, RITES, Titagarh Rail Systems, Texmaco Rail & Engineering, and Jupiter Wagons. RVNL is now the biggest railway stock in India by market capitalization.
Comparison with Other Railway Stocks
Among these peers, Ircon International follows RVNL with a market cap of ₹29,179.5 crore. Jupiter Wagons and Titagarh Rail Systems have market caps of ₹28,965.69 crore and ₹23,920.08 crore, respectively. RITES has a market cap below ₹20,000 crore, and Texmaco Rail has the lowest at ₹10,805.19 crore.
Recent Stock Performance
On Monday, RVNL shares hit a new all-time high of ₹567.60, after rallying 15.5%. However, the stock dipped today due to some profit booking. Despite this, the sentiment around RVNL remains positive. Recently, the company signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) for future projects in India and abroad.
Strong Financial Growth
In the fourth quarter, RVNL’s revenue, EBITDA, and PAT grew by 17.4%, 22%, and 33% year-over-year, with an order book of about ₹85,000 crore. For FY25, RVNL expects order inflows between ₹20,000 crore and ₹25,000 crore and aims to maintain a book-to-sales ratio of 3x to 4x.
Remarkable Stock Rally
Boosted by strong orders and execution, RVNL has seen a remarkable rise, with the stock up over 1600% in the past two years and tripling in the last year alone. As of 1:15 pm today, RVNL shares were trading 4% lower at ₹542.25 on NSE.
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