Are you considering investing in the best Indian railway stocks? Well, In this guide we will discuss the top 5 Multibagger Railway Stocks in India. Let us tell you that several Indian railway stocks have skyrocketed before budget allocation and have given multibagger returns to Investors within a year. With the Indian government focusing on the development of railway infrastructure and services, investing in the best railway stocks in India can be a great opportunity to maximize your investment returns.
Top 5 Multibagger Railway Stocks in India
Here’s a list of top railway stocks in India based on the performance.
1) Rail Vikas Nigam Limited (NSE: RVNL)
Rail Vikas Nigam Limited (RVNL) is a public sector undertaking company that is dedicated for the development of railway infrastructure. RVNL offers a wide range of services including metro, high speed railways, bridges, new rail lines, workshops and railway electrification. Talking about its fundamentals, RVNL has a market cap of Rs 1,11,350.50 crore, P/E ratio of 82.65 and ROE of 20.39%.
The company has a strong order book and a number of projects which makes it an attractive investing option for Investors. RVNL shares emerged as multibagger stock and have given a negative return of 8.36% YTD so far. It has gained as much as 94.07% in the last year and a massive return of 1,468.39% in the last 5 years.
Also Read: RVNL Share Price Target 2025 to 2050
2) Indian Railway Finance Corporation Ltd (NSE: IRFC)
Indian Railway Finance Corporation Ltd is another multibagger railway stock that has offered impressive returns to investors over the years. Incorporated in 1986, IRFC works as a funding bank for the Indian Railways. The company has a market cap of Rs 1,77,339.63 crore, a P/E ratio of 27.24 and ROE 13.66%.
IRFC operates through financial capital markets to raise funds for the development of railway projects. With the government focused on rail infra development and services, there’s a huge scope of growth for IRFC from the government projects. Talking about its share performance, IRFC has given negative 11.23% of return this year so far in 2025. In the last year, shares of IRFC have gained as much as 20.10% and 449.15% since its listing in 2021.
3) Railtel Corporation of India LTD (NSE: RAILTEL)
Incorporated in 2000, Railtel Corporation of India is a Navratna public sector undertaking (PSU) Company. Railtel provides broadband, VPN, train control operation system and safety system for Indian railways. Market cap of the company currently stands at Rs 12,171.59 crore, PE ratio at 46.64 and ROE 14.17% respectively.
The company has consistently reported positive revenue and profit growth over the past 5 years. This stock can be a good long term investment option. Railtel has given a negative 5.63% return so far in 2025. However, it has given 7.59% of return in the last year and more than 215.20% since listing.
4) IRCON International Ltd (NSE: IRCON)
Founded in 1976, Indian Railway Construction International Ltd (IRCON) is a Indian government owned company. The company is specialized in providing Engineering procurement and construction services (EPC) over several countries like UK, Sri Lanka, Afghanistan, Nepal etc. including India. IRCON has a market cap of Rs 18,090.82 crore, PE ratio of 21.3 and ROE 15.76%.
IRCON international is poised for significant growth in future considering the company’s expertise in building railways and highways infrastructure. Talking about its share performance, it has declined as much as 11.23% so far this year. The shares of IRCON have given a negative return of 1.06% in the last one year and a huge return of 355.17% in the last 5 years.
5) Indian Railway Catering and Tourism Corporation Ltd (NSE: IRCTC)
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) was founded in 1999. The company provides services like online tickets, food services, and tourism activities etc.Talking about its fundamentals, RVNL has a market cap of Rs 62,364 crore, P/E ratio of 51.98 and ROE of 38.93%.
Talking about its share performance, it has declined as much as 1.45% so far this year. The shares of IRCON have given a negative return of 18.05% in the last one year and a multibagger return of 324.91% in the last 5 years.
FAQs
Which Railway Stock is best to buy?
IRFC, RVNL, Railtel, IRCTC, Titagarh Railway, IRCON, Jupiter Wagon are some of the best railway stocks to buy.
Can RVNL be a Multibagger?
Yes, the shares of RVNL have given a multibagger return since its listing. The company has a large order book and number of projects. As the government is aiming to enhance railway infrastructure and services, RVNL is well positioned to capitalize on the market trend.
Which is better: IRFC or RVNL?
IRFC and RVNL are both very good fundamentally strong stocks.
Is RVNL a good buy?
Yes, RVNL has the potential to become the next multibagger stock.
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