# Railway PSU Stocks Drop 40% in Year

> Railway PSU stocks fell 40% in a year as experts explain why valuations outpaced fundamentals.
- Title: Railway PSU Stocks Drop 40% in Year · mint | Shortify
- Summary: Railway PSU stocks fell 40% in a year as experts explain why valuations outpaced fundamentals. Railway PSU stocks like RVNL and IRCTC dropped 40% in a year…
- Keywords: rvnl, irfc, ircon, rites, irctc, railway psu stocks, capital outlay, order conversion, margins, valuation correction, money, business
- Source: mint — https://livemint.com/market/stock-market-news/railway-psu-stocks-derailed-rvnl-irfc-ircon-rites-to-irctc-down-60-in-yr-what-went-wrong-experts-explain-11792225685815.html
- Author: Sharmila Bhadoria
- Published: 2026-10-17T09:23:05+00:00
- Read time: 1 min
- Topics: rvnl, irfc, ircon, rites, irctc, railway psu stocks, capital outlay, order conversion, margins, valuation correction, money, business
## Railway PSU Stocks Drop 40% in Year
Railway PSU stocks have fallen sharply after valuations outpaced fundamentals.
## Experts Cite Slowing Growth
Experts cite slowing growth, squeezed margins and weak order conversion as key concerns.
## Record Capital Outlay
Railway capex for FY27 is a record ₹ 2.93 lakh crore despite falling stock prices.
## Order Book Conversion Weak
Only about ₹ 40,000 crore of RVNL's order book is under execution with thin margins.
## IRCTC Margin Drop
IRCTC's margin fell from 34.3% to 28.2% despite 18% revenue growth last quarter.
## IRCON Profit Drop
IRCON's consolidated profit dropped to ₹ 92.7 crore from ₹ 164.6 crore due to joint ventures.
## Stocks Down 40% in Year
RVNL, IRFC, IRCON, RITES and IRCTC down 40% in a year from peak prices.
## Technical Outlook Bearish
IRCTC stock remains trapped under a heavy bearish structure with no fresh buying opportunity.
## Key takeaway

Railway PSU stocks like RVNL and IRCTC dropped 40% in a year due to weak margins and order conversion despite record capital outlay.