Rail Vikas Nigam shareholders and shareholding pattern

NSE: RVNLBSE: 542649ConstructionMid Cap

₹181.31₹5.87 (3.14%)BSE ₹180.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹187.18.

52-week range of traded prices to 23 Oct 2026

₹179.49Low, 23 Oct 2026₹400.70High, 29 Dec 2025

Market cap: ₹37,803 Cr177th largest listed
P/E: 42.0
P/B: 3.8
Dividend yield: 0.94%
ROE: 9.3%
ROCE: 5.8%
Debt to equity: 0.49
Volume, NSE: 44,72,13631.8% delivered

Who owns Rail Vikas Nigam, filing by filing

Per cent of the company's shares. Every filing on record, from Mar 2019; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters72.84%
Foreign institutions2.37%
Indian institutions6.21%
Governments0.01%
Individuals and others18.57%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Mar 2019Filed 3 May	Jun 2019Filed 1 Aug	Sep 2019Filed 10 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 15 Jun	Jun 2020Filed 13 Jul	Sep 2020Filed 16 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 5 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 20 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 18 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
	100.00%	87.84%	87.84%	87.84%	87.84%	87.84%	87.84%	87.84%	78.21%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%
Indian promoters	100.00%	87.84%	87.84%	87.84%	87.84%	87.84%	87.84%	87.84%	78.21%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	78.20%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%
	–	12.16%	12.16%	12.16%	12.16%	12.16%	12.16%	12.16%	21.79%	21.80%	21.80%	21.80%	21.80%	21.80%	21.80%	21.80%	21.80%	21.80%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%	27.16%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.76%	2.45%	1.53%	1.75%	2.32%	2.59%	2.32%	3.13%	5.05%	5.10%	5.07%	4.89%	4.66%	4.98%	4.86%	2.41%	2.37%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	2.19%	1.41%	1.53%	2.11%	2.30%	2.12%	2.92%	4.72%	4.80%	4.85%	4.71%	4.51%	4.78%	4.71%	2.38%	2.37%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.26%	0.12%	0.22%	0.21%	0.29%	0.20%	0.21%	0.33%	0.30%	0.22%	0.18%	0.15%	0.19%	0.15%	0.03%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.43%	6.45%	6.51%	5.76%	5.83%	6.09%	6.18%	6.77%	6.33%	6.16%	6.21%	6.38%	6.40%	6.38%	6.42%	6.60%	6.21%
Mutual funds	–	2.39%	2.61%	2.10%	1.57%	1.59%	1.48%	1.10%	0.66%	0.55%	0.37%	0.11%	0.16%	0.16%	0.12%	0.04%	0.09%	0.09%	0.13%	0.14%	0.09%	0.19%	0.21%	0.19%	0.21%	0.18%	0.15%	0.13%	0.18%	0.36%	0.35%
Insurance companies	–	1.94%	2.13%	0.50%	0.88%	0.51%	–	–	8.77%	8.72%	8.72%	8.51%	8.17%	8.14%	7.31%	6.38%	6.42%	5.66%	5.69%	5.92%	6.08%	6.55%	6.12%	5.97%	6.00%	6.20%	6.24%	6.24%	6.24%	6.24%	5.86%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	0.04%	0.09%	0.05%	0.05%	0.05%	0.05%	0.02%	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	Under 0.01%	0.01%	0.01%	0.01%	0.03%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.61%	12.91%	13.76%	14.29%	19.01%	18.48%	18.66%	17.26%	15.79%	15.89%	15.88%	15.88%	16.09%	15.79%	15.87%	18.14%	18.57%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.08%	9.08%	9.69%	10.56%	14.43%	14.27%	15.15%	14.39%	13.64%	13.86%	14.00%	13.94%	14.26%	13.85%	14.04%	15.77%	16.36%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.25%	2.57%	2.69%	2.58%	3.07%	2.77%	2.12%	1.60%	1.14%	1.04%	0.94%	1.01%	0.87%	0.85%	0.70%	1.01%	1.12%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.37%	0.49%	0.49%	0.40%	0.63%	0.50%	0.48%	0.40%	0.27%	0.26%	0.24%	0.25%	0.21%	0.23%	0.27%	0.27%	0.24%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.30%	0.23%	0.35%	0.41%	0.44%	0.46%	0.48%	0.49%	0.43%	0.42%	0.40%	0.39%	0.39%	0.39%	0.39%	0.40%	0.40%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.61%	0.55%	0.54%	0.35%	0.43%	0.49%	0.43%	0.37%	0.30%	0.31%	0.29%	0.30%	0.35%	0.47%	0.47%	0.70%	0.46%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.39%	0.33%	0.37%	0.33%	0.42%	0.43%	0.37%	0.33%	0.27%	0.27%	0.26%	0.27%	0.25%	0.24%	0.24%	0.29%	0.33%
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.09%	0.11%	0.03%	0.01%	Under 0.01%	0.05%	0.04%	0.03%	0.01%	0.02%	0.02%	0.02%	0.09%	0.22%	0.21%	0.39%	0.10%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.12%	0.10%	0.12%	–	–	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
IEFP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	–	–	–	–	–	–
Shares in issue	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100	2,08,50,20,100
Shares locked in	–	–	–	–	1,83,15,62,820	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	–	–	–	–	1,83,15,62,820	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	41,70,04,020	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Rail Vikas Nigam shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Mar 2019Filed 3 May	Jun 2019Filed 1 Aug	Sep 2019Filed 10 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 15 Jun	Jun 2020Filed 13 Jul	Sep 2020Filed 16 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 5 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 20 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 18 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
All shareholders	7	1,19,747	1,28,596	1,49,252	1,77,379	2,31,659	2,87,229	2,88,990	3,66,354	4,00,866	4,37,074	5,31,174	5,63,523	5,79,899	5,66,880	6,60,435	7,20,323	8,86,922	13,41,098	13,97,699	18,44,551	20,74,709	22,96,188	23,17,903	23,71,568	22,90,745	22,79,946	22,07,488	21,90,491	22,10,914	21,79,407
	7	7	7	7	7	7	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Indian promoters	7	7	7	7	7	7	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	1,19,740	1,28,589	1,49,245	1,77,372	2,31,652	2,87,228	2,88,989	3,66,353	4,00,865	4,37,073	5,31,173	5,63,522	5,79,898	5,66,879	6,60,434	7,20,322	8,86,921	13,41,097	13,97,698	18,44,550	20,74,708	22,96,187	23,17,902	23,71,567	22,90,744	22,79,945	22,07,487	21,90,490	22,10,913	21,79,406
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39	65	52	82	93	88	97	122	372	412	417	415	406	413	410	137	127
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	37	57	46	71	77	74	89	112	349	391	396	395	390	396	395	131	122
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	8	6	11	16	14	8	10	23	21	21	20	16	17	15	6	5
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	11	14	17	26	34	34	41	42	43	38	37	36	38	37	40	39
Mutual funds	–	3	6	6	3	3	4	6	5	5	5	5	6	5	4	6	10	10	12	17	17	18	20	21	21	20	20	21	21	24	23
Insurance companies	–	1	2	2	2	2	–	–	2	1	1	1	1	1	1	1	3	3	6	6	7	9	13	13	12	12	12	10	9	10	10
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	3	2	2	2	4	1	1	1	2	3	1	1
Alternative investment funds	–	3	3	1	1	1	1	1	–	–	0	0	0	0	0	3	0	1	2	3	2	4	4	2	1	1	1	2	1	1	1
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	3	5	5	6	8	3	3	3	3	2	3	3	4	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	1	1	1	1	1	2	2	2
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	2	2
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	1	1	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,66,835	6,60,358	7,20,256	8,86,822	13,40,978	13,97,576	18,44,419	20,74,545	22,95,773	23,17,446	23,71,111	22,90,291	22,79,502	22,07,035	21,90,041	22,10,734	21,79,238
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,57,848	6,51,151	7,09,797	8,74,874	13,23,727	13,78,915	18,23,064	20,49,746	22,70,838	22,91,926	23,45,498	22,64,415	22,53,550	21,81,312	21,63,998	21,83,337	21,51,376
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	737	754	816	809	980	885	725	640	486	434	402	437	381	372	347	475	517
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	530	617	661	817	1,240	1,300	1,382	1,728	1,372	1,379	1,324	1,364	1,328	1,268	1,239	1,321	1,364
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,472	2,487	2,946	5,387	7,839	8,762	10,880	13,271	13,811	14,162	14,296	14,300	14,464	14,437	14,739	15,013	15,029
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	1	1	2	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,247	5,347	6,034	4,933	7,190	7,712	8,366	9,158	9,264	9,543	9,588	9,772	9,775	9,643	9,715	10,585	10,949
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	12	10	10	13	13	15	20	18	18	18	18	19	17	17	17	19
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,989	3,905	4,319	4,872	7,122	7,592	8,246	9,033	9,010	9,287	9,343	9,529	9,528	9,396	9,482	10,323	10,685
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	51	40	40	36	35	34	32	29	28	26	25	26	24	23	21	21	20
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	96	117	68	15	19	72	72	76	60	70	65	66	63	64	57	62	54
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,100	1,273	1,597	–	–	1	1	–	2	2	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	2	2	2	2	2	3	3
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	146	–	135	131	139	141	136	159	168
IEFP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	140	–	–	–	–	–	–	–

Rail Vikas Nigam promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is PRESIDENT OF INDIA, 72.84%.Promoter buying and selling

Holder
PRESIDENT OF INDIACentral and state governments	72.84%	1,51,87,43,694

No promoter shares are reported as pledged.

Largest public holders of Rail Vikas Nigam, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Rail Vikas Nigam

Holder	Jun 2019Filed 1 Aug	Sep 2019Filed 10 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 15 Jun	Jun 2020Filed 13 Jul	Sep 2020Filed 16 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 14 Jul	Sep 2021Filed 5 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 20 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 18 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	1.94%	1.68%	–	–	–	–	–	8.72%	8.72%	8.72%	8.51%	8.17%	8.14%	7.31%	6.38%	6.38%	5.65%	5.62%	5.87%	6.00%	6.44%	5.96%	5.81%	5.84%	6.06%	6.12%	6.12%	6.12%	6.12%	5.74%

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.