A leading public sector undertaking (PSU) has demonstrated robust growth potential with an impressive order book reaching Rs. 90,000 crore. This substantial order book indicates strong business momentum and revenue visibility for the coming quarters. This healthy order book is likely to drive sustainable growth and enhance shareholder value in the medium term.
1. Rail Vikas Nigam Limited
Rail Vikas Nigam Limited (RVNL) was established in 2003 under the Ministry of Railways. The company focuses on the development and implementation of various railway infrastructure projects, including new lines, doubling of tracks, gauge conversion, electrification, and construction of major bridges and workshops.
With a market capitalization of Rs. 87,529.14 crores, Rail Vikas Nigam Limited’s share price closed at Rs. 419.80 per equity share.
As of Q1 FY25, Rail Vikas Nigam Limited had an order book worth more than 83,000 crore. Over the last few weeks, the company has received orders worth more than 7,000 crore. Rail Vikas Nigam Limited now holds orders worth more than Rs. 90,000 crore.
Rail Vikas Nigam Limited’s revenue has increased from Rs. 20,282 crore in FY23 to Rs. 21,733 crore in FY24, which has increased by 7.15 percent. The net profit of the company has increased by 15.38 percent, from Rs. 1,268 crore in FY23 to Rs. 1,463 crore in FY24.
2. Bharat Electronics Limited
Bharat Electronics Limited was established in 1954 and headquartered in Bangalore, Karnataka. The company specializes in aerospace and defense electronics. BEL operates under the Ministry of Defence of India and has been granted Navratna status.
With a market capitalization of Rs. 2,05,441.33 crores, Bharat Electronics Limited’s share price closed at Rs. 281.05 per equity share.
Bharat Electronics Limited (BEL) reported an order book of INR 74,595 crores as of October 1, 2024. The company achieved order inflows of INR 7,500 crore in the first half of FY ’25 and is targeting total inflows of INR 25,000 crore for the fiscal year.
Bharat Electronics Limited’s revenue from operations has increased by 14.29 percent from Rs. 17,734 crore in FY23 to Rs. 20,268 crore in FY24. The company’s net profit has increased from Rs. 2,986 crore in FY23 to Rs. 3,985 crore in FY24, which has grown by 33.46 percent.
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3. Cochin Shipyard Limited
Cochin Shipyard Limited was established in 1972 and is a well-known shipbuilding and maintenance facility located in Kochi, Kerala, India. CSL is recognized as the largest shipyard in India and plays a crucial role in the construction and repair of various types of vessels, including commercial ships, defense vessels, and offshore support ships.
With a market capitalization of Rs. 34,503.04 crores, Cochin Shipyard Limited’s share price closed at Rs. 1,311.50 per equity share.
As of September 2024, Cochin Shipyard Limited has maintained an order book of approximately Rs. 22,500 crore. The company has diversified its order book, which includes defence by 70%, which has the highest order value of Rs 15,028 crore, followed by commercial domestic by 6% (Rs. 1,225 crore), commercial exports by 15% (Rs. 3,227 crore), and subsidiaries by 9% (Rs. 2,057 crore).
Cochin Shipyard Limited’s revenue from operations has increased by 56.44 percent from Rs. 2,330 crore in FY23 to Rs. 3,645 crore in FY24. The company’s net profit has increased from Rs. 334 crore in FY23 to Rs. 813 crore in FY24, which has grown by 143.41 percent.
4. Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited was established in 1774 and is a leading public-sector shipbuilding company located in Mazagaon, Mumbai, India. MDL is primarily engaged in the construction of warships and submarines for the Indian Navy, as well as offshore platforms and support vessels for oil drilling.
With a market capitalization of Rs. 79,356.95 crores, Mazagon Dock Shipbuilders Limited’s share price closed at Rs. 3,934.60 per equity share.
As of September 2024, Mazagon Dock Shipbuilders Limited has maintained an order book of approximately Rs. 39,872 crore. The company has diversified its order book, which includes shipbuilding by 70.18%, which has the highest order value of Rs 27,982 crore, followed by submarine and heavy engineering by 29.82%, with an order value of Rs. 11,890 crore
Mazagon Dock Shipbuilders Limited’s revenue from operations has increased by 20.95 percent from Rs. 7,827 crore in FY23 to Rs. 9,467 crore in FY24. The company’s net profit has increased from Rs. 1,119 crore in FY23 to Rs. 1,937 crore in FY24, which has grown by 73.1 percent.
Written By – Nikhil Naik
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