Railtel Corporation of India Ltd

₹ 114 0.00%
Jan 25 10:33 a.m.
About

RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers.[1]

Key Points

Business Objective[1]
a) The company's main objective is to facilitate Railways in modernizing their operation and safety systems and network by providing communication infrastructure.
b) To plan, build, develop, operate and maintain a nationwide broadband telecom and multimedia network to supplement national telecom infrastructure and to spur the growth of telecom, broadband, and IT-enabled value-added services in all parts of the country especially rural, remote, and backward areas.
c) To generate revenue through commercial usage of its telecom network

  • Market Cap 3,667 Cr.
  • Current Price 114
  • High / Low 190 / 105
  • Stock P/E 20.0
  • Book Value 45.3
  • Dividend Yield 1.94 %
  • ROCE 13.9 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 52.64%

Cons

  • Company has a low return on equity of 11.22% for last 3 years.
  • Company has high debtors of 207.83 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
258 367 248 265 395 429 304 348
183 262 190 195 270 356 245 239
Operating Profit 75 105 58 71 125 74 60 110
OPM % 29% 29% 23% 27% 32% 17% 20% 31%
Other Income 6 -39 6 9 6 8 8 21
Interest 1 1 1 1 -0 1 1 1
Depreciation 27 37 41 41 38 40 39 40
Profit before tax 53 28 22 38 94 41 27 90
Tax % 19% 26% 27% 27% 26% 34% 24% 26%
Net Profit 43 21 16 28 69 27 21 67
EPS in Rs 1.33 0.65 0.50 0.86 2.16 0.85 0.65 2.08

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
572 851 984 986 1,081 1,337 1,477
367 595 710 685 747 1,010 1,109
Operating Profit 206 256 273 301 333 328 368
OPM % 36% 30% 28% 31% 31% 24% 25%
Other Income 70 52 41 -6 -18 28 43
Interest 1 1 2 5 4 2 2
Depreciation 81 116 119 112 131 159 157
Profit before tax 194 191 194 179 181 195 252
Tax % 47% 33% 19% 39% 24% 28%
Net Profit 102 128 156 110 138 140 184
EPS in Rs 3.18 3.99 4.87 3.42 4.31 4.37 5.74
Dividend Payout % 22% 40% 12% 58% 49% 50%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 11%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -3%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
321 321 321 321 321 321 321
Reserves 763 838 928 963 1,040 1,082 1,132
Borrowings 0 0 0 1 43 30 35
1,126 1,155 1,010 870 852 1,183 1,082
Total Liabilities 2,211 2,315 2,259 2,156 2,256 2,616 2,570
711 694 688 790 789 760 762
CWIP 262 360 364 300 253 215 195
Investments 10 0 10 17 10 10 10
1,228 1,261 1,197 1,049 1,204 1,632 1,603
Total Assets 2,211 2,315 2,259 2,156 2,256 2,616 2,570

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
154 376
-48 -135
-62 -110
Net Cash Flow 43 131

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 164 160 173 169 160 208
Inventory Days
Days Payable
Cash Conversion Cycle 164 160 173 169 160 208
Working Capital Days 173 -92 0 -16 17 -4
ROCE % 17% 16% 17% 17% 14%

Shareholding Pattern

Numbers in percentages

Mar 2021 Jun 2021 Sep 2021 Dec 2021
72.84 72.84 72.84 72.84
3.02 2.71 2.59 2.47
5.24 4.24 5.96 4.74
18.90 20.20 18.60 19.95

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