Rail Vikas Nigam - Target Strong Order Inflow: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..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. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rail Vikas Nigam - Target Strong Order Inflow: IDBI Capital

Rail Vikas Nigam - Target Strong Order Inflow: IDBI Capital

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