Indian railway state-run stocks fall nearly 40% over the past year
Shares of RVNL, IRFC, IRCON, RITES and IRCTC have dropped after a long rally. Analysts link the correction to high valuations and shrinking margins.
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what happened
Shares of Indian state-owned railway companies have fallen by up to 40% over the past year, with IRCTC down about 61% from its May 2024 peak, according to TradingView, citing Mint. Tushar Badjate of Badjate Stock & Shares says the decline is mainly a valuation correction rather than a fall in demand.
Railway capital spending for FY27 is a record 2.93 lakh crore rupees. Still, profits are growing more slowly than revenue because margins have narrowed, and IRCON's consolidated profit fell after losses from joint ventures.
why it matters
Order books remain large, but only part of them is being executed: RVNL has orders worth 93,492 crore rupees, of which about 40,000 crore are under execution, with an EBITDA margin of 4.4%. Bonanza's technical analysts describe downtrends in IRFC, IRCTC and RVNL, but these are their assessments, not recommendations.
tags
instruments
sources
- Railway PSU stocks derailed! RVNL, IRFC, IRCON, RITES to IRCTC down 60% in yr- What went wrong? Experts explain — ru.tradingview.com, 17 October 2026 at 12:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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