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RVNL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 3.4

Stock Code RVNL Market Cap 62,061 Cr. Current Price 298 ₹ High / Low 448 ₹
Stock P/E 64.5 Book Value 41.2 ₹ Dividend Yield 0.58 % ROCE 15.0 %
ROE 14.4 % Face Value 10.0 ₹ DMA 50 293 ₹ DMA 200 323 ₹
Chg in FII Hold -0.11 % Chg in DII Hold 0.05 % PAT Qtr 264 Cr. PAT Prev Qtr 196 Cr.
RSI 54.8 MACD 6.84 Volume 61,26,484 Avg Vol 1Wk 65,28,325
Low price 248 ₹ High price 448 ₹ PEG Ratio 21.4 Debt to equity 0.56
52w Index 24.8 % Qtr Profit Var -10.4 % EPS 4.61 ₹ Industry PE 18.5

📊 RVNL shows moderate fundamentals with ROE (14.4%) and ROCE (15.0%) indicating decent efficiency. Debt-to-equity ratio is manageable at 0.56, and EPS remains modest at ₹4.61. Dividend yield is low at 0.58%. Valuations are stretched with a P/E of 64.5 vs industry average of 18.5, and PEG ratio of 21.4 highlights expensive growth. While quarterly PAT improved sequentially (₹264 Cr vs ₹196 Cr), overall profit variation (-10.4%) raises caution. The company benefits from infrastructure expansion projects but faces valuation risks.

💡 Ideal Entry Price Zone: ₹290 – ₹305 (near DMA 50 and below current levels for valuation comfort).

Exit Strategy / Holding Period: Existing holders should adopt a medium-term horizon (2–3 years). Partial profit booking can be considered near ₹430–₹440 (recent highs). Long-term holding advisable only if earnings growth sustains and valuations normalize.


✅ Positive

  • ROE (14.4%) and ROCE (15.0%) show decent efficiency.
  • Low debt-to-equity ratio (0.56) ensures financial stability.
  • Quarterly PAT improved sequentially (₹264 Cr vs ₹196 Cr).
  • MACD positive (6.84) indicates short-term bullish momentum.

⚠️ Limitation

  • High P/E (64.5) compared to industry average (18.5).
  • PEG ratio of 21.4 signals expensive growth.
  • Dividend yield low at 0.58%.
  • EPS modest at ₹4.61.

📉 Company Negative News

  • Quarterly profit variation -10.4% shows earnings pressure.
  • FII holdings reduced (-0.11%).

📈 Company Positive News

  • Sequential PAT growth indicates operational improvement.
  • DII holdings increased slightly (+0.05%).

🏭 Industry

  • Industry P/E: 18.5, highlighting RVNL’s premium valuation.
  • Sector supported by infrastructure and railway expansion projects.

🔎 Conclusion

RVNL is a moderately strong infrastructure stock with decent efficiency but stretched valuations. New investors should wait for entry around ₹290–₹305 for safety. Existing holders may adopt a 2–3 year horizon, with partial profit booking near ₹430–₹440. Long-term holding is advisable only if earnings growth sustains and valuation multiples improve.

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