Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Rail Vikas NigamNSE:RVNL -1.17%72 Return-on-Tangible-Equity is 7.62% as of Mar. 2026, which is 53% below its 10-year median of 16.33. GuruFocus rates NSE:RVNL with a GF Score™ of 72/100 and a GF Value™ of ₹352.95 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,710 Construction companies, Rail Vikas Nigam ranks better than 52.81% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Rail Vikas Nigam's annualized net income for the quarter that ended in Mar. 2026 was ₹7,483 Mil. Rail Vikas Nigam's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹98,197 Mil. Therefore, Rail Vikas Nigam's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.62%.
The historical rank and industry rank for Rail Vikas Nigam's Return-on-Tangible-Equity or its related term are showing as below:
NSE:RVNL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.02 Med: 16.33 Max: 19.83
Current: 9.07
During the past 13 years, Rail Vikas Nigam's highest Return-on-Tangible-Equity was 19.83%. The lowest was 9.02%. And the median was 16.33%.
NSE:RVNL's Return-on-Tangible-Equity is ranked better than 52.81% of 1710
companies
in the Construction industry
Industry Median: 8.21
vs NSE:RVNL: 9.07
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Rail Vikas Nigam Return-on-Tangible-Equity Related Terms
Rail Vikas Nigam Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Rail Vikas Nigam's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:RVNL vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Rail Vikas Nigam's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rail Vikas Nigam Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Rail Vikas Nigam's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rail Vikas Nigam's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.62% mean?
Rail Vikas Nigam (NSE:RVNL) has a Return-on-Tangible-Equity of 7.62% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rail Vikas Nigam and its competitors. This is 53% below median its historical median of 16.33. Over the past decade, Rail Vikas Nigam's Return-on-Tangible-Equity has ranged from 9.02 to 19.83. According to the industry distribution chart, Rail Vikas Nigam ranks #807 out of 1710 companies in the Construction industry, placing it in the top 47.2%.
Is Rail Vikas Nigam's Return-on-Tangible-Equity too high?
Rail Vikas Nigam's current Return-on-Tangible-Equity of 7.62% is 53% below median its 10-year median of 16.33. Over the past 10 years, this metric has ranged from a low of 9.02 to a high of 19.83. The Construction industry median Return-on-Tangible-Equity is 8.21. Rail Vikas Nigam's value of 7.62% is 7.2% below this industry median. Based on the distribution chart, Rail Vikas Nigam ranks #807 out of 1710 companies in the Construction industry, which is above the industry midpoint. Overall, Rail Vikas Nigam has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rail Vikas Nigam's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Rail Vikas Nigam ranks #807 out of 1710 companies for Return-on-Tangible-Equity. This puts Rail Vikas Nigam in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Rail Vikas Nigam's value of 7.62% is 7.2% below this benchmark. Historically, Rail Vikas Nigam's own Return-on-Tangible-Equity has ranged from 9.02 to 19.83 over the past decade. While the company's 10-year median is 16.33 vs. the industry median of 8.21, Rail Vikas Nigam has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,710 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rail Vikas Nigam's current Return-on-Tangible-Equity of 7.62% is 7.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Rail Vikas Nigam and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rail Vikas Nigam's current Return-on-Tangible-Equity is 7.62%, which is 53% below median its own 10-year median of 16.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rail Vikas Nigam stock overvalued right now?
Based on GuruFocus' analysis, Rail Vikas Nigam (NSE:RVNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹352.95, compared to a current price of ₹221.34 — trading 37.3% below its estimated fair value. The current Return-on-Tangible-Equity is 7.62%, which is 53% below median its 10-year median of 16.33 and 7.2% below the Construction industry median of 8.21. Rail Vikas Nigam's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Rail Vikas Nigam (NSE:RVNL), the current Return-on-Tangible-Equity is 7.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Rail Vikas Nigam (NSE:RVNL) Overvalued in 2026?
Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued.
The current stock price of ₹221.34 is trading 37.3% below its estimated GF Value™ of ₹352.95.
GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.
Key valuation signals for NSE:RVNL:
Return-on-Tangible-Equity: 7.62% (53% below median its 10-year median of 16.33)
GF Value™: ₹352.95 vs. price of ₹221.34 (37.3% below fair value)
Industry Position: 7.2% below the Construction median (#807 of 1710)
No single metric tells the full story. See the NSE:RVNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
72GF Score
Get the complete analysis for NSE:RVNL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:RVNL has been successfully added to your 
