Case study

RVNL

RAIL VIKAS NIGAM LIMITED

Tread carefully1y model +4.1%

Each stock's 10,000-path forecast, rendered as light.

33Score

RAIL VIKAS NIGAM LIMITED (RVNL) Stock Analysis & Case Study

Is RVNL a good buy? The data-driven verdict.

RAIL VIKAS NIGAM LIMITED (RVNL) trades at ₹233,on the numbers it tread carefully, a Downstox Snapshot Score of 33/100.

On the numbers, RAIL VIKAS NIGAM LIMITED (RVNL) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 55.6× earnings, ROE of 9.0%, a 54% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

RVNL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹48,660 Cr
Current price
₹233
P/E ratio
55.6×
P/B ratio
4.95×
Book value
₹47
Dividend yield
0.73%
ROCE
10.8%
ROE
9.0%
Piotroski F-Score
4/8

How RVNL ranks against the 2,373 companies in our screener

We do not hold a 3-year revenue growth figure for RVNL, as of 9 Aug 2026, so it is not ranked here.

Is RVNL overvalued? RVNL P/E vs its Infrastructure

RVNL's P/E of 55.6× sits above the Infrastructure peer median of 29.4×, so on earnings it screens richer than peers, while its 0.73% dividend yield is above the peer median of 0.73%.

RVNL P/E
55.6×
Peer median P/E
29.4×
RVNL div yield
0.73%
Peer median yield
0.73%

RVNL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 7.2y of RVNL history (35%/yr drift, 42%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
RVNL 2027₹143₹243₹413+4%
RVNL 2028₹119₹253₹540+8%
RVNL 2029₹105₹264₹658+13%
RVNL 2030₹95₹274₹791+18%
RVNL 2031₹88₹286₹934+22%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability RVNL goes up, or doubles?

54%
Higher in 1 year
Modelled chance the price is above today in 12 months
59%
Higher in 5 years
Modelled chance the price is above today in 5 years
29%
Doubles in 5 years
Modelled chance of reaching ₹467 within 5 years

The bull case for RVNL

  • RAIL VIKAS NIGAM LIMITED is part of the nifty100 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹658.

The bear case & risks

  • RVNL's P/E of 55.6x is lower than 23% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • RVNL's return on equity of 9.0% ranks in the 44th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹105.

RVNL volatility & expected range, how bumpy is the ride?

Over the last 7.2 years RVNL compounded at 35%/year with annualized volatility of 42%. That volatility implies a 1-year 80% range of ₹143-₹413, the honest backbone behind any single price target.

RVNL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 7.2 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
4.1%
80% range₹143-₹413
P(price ↑)54%
P(price 2×)6%
3-Year Forecast
2029
₹0
Median (P50)
12.9%
80% range₹105-₹658
P(price ↑)57%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
22.5%
80% range₹88-₹934
P(price ↑)59%
P(price 2×)29%

RVNL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
RVNL simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds RVNL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the RVNL price target & forecast page.

RVNL Piotroski F-Score: 4/8, how financially strong is it?

4/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. RVNL scores 4/8, mixed financial health.

RVNL MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy RVNL with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox30.29%3.3×
Zerodha28.80%3.5×
Groww60.00%1.7×
DhanCHEAPEST26.75%3.7×
Kotak Neo30.03%3.3×
Paytm Money36.79%2.7×
Pocketful34.28%2.9×
Anand Rathi33.75%3.0×
Bajaj Broking31.00%3.2×
Share India33.87%3.0×

Compare every broker on the RVNL MTF page.

RVNL vs peers,Infrastructure comparison

StockP/EDiv yieldMarket cap
RVNL (this stock)55.6×0.73%₹48,660 Cr
LT31.7×0.94%₹5.58L Cr
ADANIPORTS29.4×0.44%₹3.90L Cr
IRB24.2×0.79%₹23,770 Cr
GMRAIRPORT544.0×0.00%₹1.13L Cr
RELIANCE24.2×0.45%₹18.06L Cr
TCS16.5×2.61%₹8.87L Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About RAIL VIKAS NIGAM LIMITED: sector, index & market-cap context

RAIL VIKAS NIGAM LIMITED (RVNL) is a mid-cap NSE-listed company in the Infrastructure sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹48,660 Cr. See more stocks on our screener.

How the RVNL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of RAIL VIKAS NIGAM LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

RVNL analysis, FAQs

Is RAIL VIKAS NIGAM LIMITED (RVNL) a good buy?

On the numbers, RAIL VIKAS NIGAM LIMITED (RVNL) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 55.6× earnings, ROE of 9.0%, a 54% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is RVNL overvalued or undervalued?

RVNL trades at 55.6× earnings versus a peer median of 29.4×, so it screens richer than its Infrastructure peers.

What is the RVNL share price target for 2031?

RVNL's probability-weighted 2031 median target is ₹286, with an 80% range of ₹88-₹934 (10,000-path Monte-Carlo).

What is the probability RVNL doubles in 5 years?

The modelled probability of RVNL reaching ₹467 (2×) within 5 years is 29%.

What is the bull case for RVNL?

RAIL VIKAS NIGAM LIMITED is part of the nifty100 universe with live, tracked fundamentals on Downstox.

What are the risks in RVNL?

RVNL's P/E of 55.6x is lower than 23% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. RVNL's return on equity of 9.0% ranks in the 44th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on RVNL