Rail Vikas Nigam cash flow

Latest FY26

Cash from operations: −₹1,894cr₹1,878 cr in FY25
Capital spending: ₹61.0cr−85.9% on FY25
Free cash flow: −₹1,955cr₹1,446 cr in FY25
Cash from financing: −₹1,619cr−₹1,484 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	50.2	47.2	37.8	42.3
	—	2.1	458	504	529
	—	−651	−880	−1,067	−427
	—	0.0	5.4	1.4	21.4
	—	−4.0	0.7	−0.2	0.0
	—	0.0	0.6	−157	0.9
	—	0.0	0.0	3.8	0.0
	—	0.0	0.0	0.0	0.0
	—	−118	0.0	0.0	0.0
	—	−3,588	−419	−108	−31.9
	—	−1,300	−594	1,331	631
	—	747	1,337	257	−3,849
	—	282	−22.2	116	342
	—	0.1	299	−0.1	0.0
	—	1,302	141	−370	397
	—	184	284	−21.8	386
	—	19.2	0.0	0.0	0.0
	—	−141	108	838	−3,373
	—	84.1	9.7	10.7	0.8
	—	42.3	13.5	−16.0	1.5
Cash from operating activities
	1,141	1,087	1,555	1,949	1,640
	—	−3,090	789	1,466	−5,328
	—	−2,003	2,343	3,415	−3,688
	—	−406	0.0	0.0	0.0
	—	−5.4	0.0	0.0	0.0
	—	292	465	460	388
	—	−1,894	1,878	2,954	−4,076
Cash from investing activities
	—	61.0	432	116	10.1
	—	1.6	0.4	14.7	0.4
	—	0.0	0.0	224	51.1
	—	−131	0.0	0.0	0.0
	—	0.0	0.0	396	0.0
	—	0.0	73.3	0.0	23.6
	—	0.0	0.0	0.0	9.7
	—	786	884	315	217
	—	347	1,250	−992	1,213
	—	942	1,629	−1,399	1,355
Cash from financing activities
	—	0.0	0.0	0.0	−280
	—	465	472	377	0.0
	—	11.0	22.0	23.8	22.7
	—	570	550	442	312
	—	573	440	444	421
	—	−1,619	−1,484	−1,287	−1,036
	—	−2,571	2,023	269	−3,757
	—	−0.2	−0.0	−1.4	0.0
	—	−2,571	2,023	267	−3,757
	—	—	—	1,104	837
Reference items
	891	767	1,125	1,353	1,247
	4.3%	3.8%	5.7%	6.2%	6.2%
	−1,955	−1,955	1,446	2,838	−4,086
	—	−3,100	298	1,976	—
	−₹9.38	−₹9.38	₹6.94	₹13.61	−₹19.60
	—	−2.18×	1.47×	1.88×	−2.87×
	—	292	465	460	388
	—	570	550	442	312

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RVNL₹181.64

Rail Vikas Nigam Ltd.

· Infrastructure

₹ CrorePeersIRCON RITES LT KEC NBCC AFCONS CEMPRO ENGINERSINMcap ₹37,872 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	42.3	37.8	47.2	50.2	—
+ Finance Costs	529.5	504.0	457.8	2.1	—
+ Interest Income	-426.9	-1,066.8	-879.9	-651.1	—
+ Fair Value (Gains) / Losses	21.4	1.4	5.4	0.0	—
+ Unrealised FX (Gain) / Loss	0.0	-0.2	0.7	-4.0	—
+ Other Non-cash Items	0.9	-156.5	0.6	0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	3.8	0.0	0.0	—
+ Other Reconciling Items	0.0	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	0.0	0.0	0.0	-118.5	—
+ Trade Receivables — Current	-31.9	-108.1	-419.0	-3,588.3	—
+ Other Financial Assets — Current	631.3	1,331.3	-593.9	-1,300.0	—
+ Other Financial Assets — Non-current	-3,849.0	257.5	1,336.9	747.0	—
+ Other Current Assets	342.0	115.9	-22.2	281.6	—
+ Other Non-current Assets	0.0	-0.1	298.6	0.1	—
+ Trade Payables — Current	397.4	-370.4	140.6	1,301.7	—
+ Other Financial Liabilities — Current	386.1	-21.8	284.4	184.0	—
+ Other Financial Liabilities — Non-current	0.0	0.0	0.0	19.2	—
+ Other Current Liabilities	-3,373.0	838.4	108.3	-140.6	—
+ Provisions — Current	0.8	10.7	9.7	84.1	—
+ Provisions — Non-current	1.5	-16.0	13.5	42.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,639.6	1,949.0	1,554.6	1,087.4	1,140.7
+ Total Adjustments (incl. Working Capital)	-5,327.6	1,465.8	788.6	-3,090.2	—
Cash from Operations (pre-tax)	-3,688.1	3,414.7	2,343.2	-2,002.9	—
+ Interest Paid — Operating	0.0	0.0	0.0	-406.1	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	-5.4	—
+ Income Taxes Paid	388.2	460.3	465.0	291.8	—
Cash from Operating Activities	-4,076.3	2,954.4	1,878.2	-1,893.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	10.1	116.4	431.8	61.0	—
+ Disp of Fixed Assets	0.4	14.7	0.4	1.6	—
+ Acq of Other Long-term Assets	51.1	224.1	0.0	0.0	—
+ Disp of Interests in Joint Ventures	0.0	0.0	0.0	-131.2	—
+ Acq of Subsidiaries / Businesses (net)	0.0	396.5	0.0	0.0	—
+ Investment in Partnership Firms / LLPs	23.6	0.0	73.3	0.0	—
+ Dividends Received — Investing	9.7	0.0	0.0	0.0	—
+ Interest Received — Investing	216.8	315.0	884.3	785.7	—
+ Other Inflows / (Outflows) — Investing	1,212.9	-992.0	1,249.9	346.8	—
Cash from Investing Activities	1,355.0	-1,399.1	1,629.4	941.9	—
Cash from Financing Activities
+ Proceeds from Borrowings	-280.0	0.0	0.0	0.0	—
+ Repayment of Borrowings	0.0	377.3	472.0	464.5	—
+ Payment of Lease Liabilities	22.7	23.8	22.0	11.0	—
+ Interest Paid	312.2	441.5	550.2	570.2	—
+ Dividends Paid	421.2	443.9	439.9	573.4	—
Cash from Financing Activities	-1,036.0	-1,286.6	-1,484.2	-1,619.0	—
Net Changes in Cash (pre-FX)	-3,757.3	268.8	2,023.4	-2,571.0	—
+ Effect of FX Rate Changes on Cash	0.0	-1.4	-0.0	-0.2	—
Net Changes in Cash	-3,757.3	267.4	2,023.4	-2,571.2	—
Closing Cash	836.7	1,104.1	—	—	—
Reference Items
EBITDA	1,246.8	1,352.8	1,125.1	767.5	890.8
EBITDA Margin %	6.15	6.18	5.65	3.76	4.28
Free Cash Flow (CFO − Capex)	-4,086.4	2,838.1	1,446.4	-1,954.9	-1,954.9
Free Cash Flow to Equity	—	1,976.4	297.5	-3,100.3	—
Free Cash Flow per Basic Share	-19.60	13.61	6.94	-9.38	-9.38
Cash Flow to Net Income	-2.87	1.88	1.47	-2.18	—
Cash Paid for Taxes	388.2	460.3	465.0	291.8	—
Cash Paid for Interest	312.2	441.5	550.2	570.2	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.