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IDBI Capital Report
Rail Vikas Nigam Ltd. hosted call with investors and analysts for business update. Weak order inflow has been a key concern for the company. For this, company highlighted, it has bided for orders of Rs 210 billion. And out of opened tenders of Rs 60 billion, it has won orders of Rs 20 billion till date.
Rail Vikas Nigam has guided for order inflow of Rs 150 billion in FY23E.
Revenue execution in FY22 was strong, with an increase of 26% YoY and the company over mid-term (four to five years) expects to maintain this as its revenue growth.
Its order book at Rs 570 billion provides revenue visibility for the next three-3.5 years and catalyst for stock is new order win in competitive bidding.
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