Buy Rail Vikas Nigam, target price Rs 80: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Rail Vikas Nigam with a target price of Rs 80. The current market price of Rail Vikas Nigam is Rs 65.63. Time period given by analyst is Intra Day when Rail Vikas Nigam price can reach defined target. Prabhudas Lilladher recommended to keep stoploss at Rs 60.

Rail Vikas Nigam, incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 13688.16 Crore) operating in Construction sector.

Rail Vikas Nigam key Products/Revenue Segments include Income From Construction Work for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 5293.00 Crore, up 3.16 % from last quarter Total Income of Rs 5130.83 Crore and up 3.29 % from last year same quarter Total Income of Rs 5124.18 Crore. Company has reported net profit after tax of Rs 338.51 Crore in latest quarter.

The company’s top management includes Mr.Pradeep Gaur, Mr.Sanjeeb Kumar, Mr.Ajay Kumar, Mr.Vinay Singh, Dr.M V Natesan, Mr.Dhananjaya Singh, Mr.Rajesh Prasad, Mr.Anupam Mallik. Company has Raj Har Gopal & Co. as its auditors. As on 31-12-2022, the company has a total of 208 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 78.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.45 per cent, DIIs 6.45 per cent.