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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Rail Vikas Nigam Limited (RVNL) is an India-based company, which is engaged in development of rail infrastructure. RVNL is engaged in the business of implementing various types of Rail infrastructure projects assigned by Ministry of Railway (MoR) including doubling (including…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, reasonably priced — but flagged on governance.
RVNL is scored on the general / industrial framework. It keeps a slim 4.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -2.17×) — worth a closer look. Free cash flow is worth about -2.4% of its market value.
Over the last 3 years revenue compounded at -0%/yr and profit at -13%/yr. Book value has grown 11%/yr. Return on equity is a modest 8.9%. In the latest quarter profit fell 12% versus the prior quarter.
At 46× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises 2 red flags: Only ₹-0.22 of cash per ₹1 profit over 4 years — earnings not converting to cash; 66% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 44.71 | 22.25 | worse |
| P/B | 4.08 | 2.6 | worse |
| EV/EBITDA | 26.5 | 30.35 | better |
| ROE | 8.91 | 6.19 | better |
| ROCE | 10.68 | 29.33 | worse |
| ROA | 4.13 | 3.28 | better |
| Quick Ratio | 1.89 | 11.27 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
| ITD Cementation India | 39.4 | 6.1 | 23.8% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-0% vs -13%) — costs are rising faster than the top line. The latest year saw a -32% swing — check if it's a one-off or structural.
Operating margin has compressed from 8% to 6% — costs or competition are eating into profitability.
ROE at 9% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 10pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -15% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 34% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (34% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 9% above earlier ones.
Profit fell 12% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 72.8% — heavily owner-operated with strong skin in the game. FIIs trimmed 2.6pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.