Rail Vikas Nigam vs IRCON International: share price, P/E, ROE and financials compared
Rail Vikas Nigam
IRCON International
Rail Vikas Nigam and IRCON International at a glance
Rail Vikas Nigam and IRCON International are both listed in Construction. Rail Vikas Nigam is the larger by market cap, at ₹40,312 Cr against ₹10,174 Cr for IRCON International (4.0 times as large). On valuation, IRCON International has the lower P/E (20.8× against 44.9×) and the lower price-to-book (1.53× against 4.10×). On returns and margins, Rail Vikas Nigam has the higher ROCE (11.0% against 8.2%), while IRCON International has the higher operating margin (8.3% against 4.3%). Over three years, Rail Vikas Nigam has faster 3-year sales growth (+0.2% against −5.0% a year), while IRCON International has faster 3-year profit growth (−8.0% against −13.3% a year). Rail Vikas Nigam carries less debt for its equity, with a debt-to-equity of 0.49× against 0.86×.
Key metrics, side by side
| Metric | Rail Vikas NigamRVNL | IRCON InternationalIRCON |
|---|---|---|
| Price (₹) | 193.34 | 108.17 |
| Market cap (₹ Cr) | 40,312 | 10,174 |
| P/E | 44.9× | 20.8× (the lower figure, shaded) |
| P/B | 4.10× | 1.53× (the lower figure, shaded) |
| Dividend yield, trailing | 0.88% | 1.76% (the higher figure, shaded) |
| ROE | 9.0% | 9.2% |
| ROCE | 11.0% (the higher figure, shaded) | 8.2% |
| Operating margin (OPM) | 4.3% | 8.3% (the higher figure, shaded) |
| Net margin (NPM) | 4.3% | 5.7% (the higher figure, shaded) |
| Sales CAGR 3Y | +0.2% (the higher figure, shaded) | −5.0% |
| Profit CAGR 3Y | −13.3% | −8.0% (the higher figure, shaded) |
| Debt to equity | 0.49× (the lower figure, shaded) | 0.86× |
| Interest cover | 3.8× (the higher figure, shaded) | 3.0× |
| Net profit TTM (₹ Cr) | 900 | 524 |
| 1Y return | −40.5% | −36.5% (the higher figure, shaded) |
| Promoter holding | 72.84% | 65.17% |
Rail Vikas Nigam vs IRCON International: common questions
Which is bigger, Rail Vikas Nigam or IRCON International?
By market cap, Rail Vikas Nigam is bigger at ₹40,312 Cr, against ₹10,174 Cr for IRCON International (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹900 Cr for Rail Vikas Nigam and ₹524 Cr for IRCON International.
Which has a lower P/E ratio, Rail Vikas Nigam or IRCON International?
Rail Vikas Nigam trades at a P/E of 44.9× and IRCON International at 20.8×. IRCON International has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Rail Vikas Nigam or IRCON International?
Rail Vikas Nigam reports a return on equity of 9.0% and IRCON International 9.2%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Rail Vikas Nigam or IRCON International?
Over the last three years: Sales grew +0.2% a year at Rail Vikas Nigam and −5.0% at IRCON International, so Rail Vikas Nigam grew sales faster; profit grew −13.3% a year at Rail Vikas Nigam and −8.0% at IRCON International, so IRCON International grew profit faster. Past growth doesn’t predict future growth.