Railtel Corporation of India Ltd

Railtel Corporation of India Ltd

₹ 441 -1.20%
13 Dec - close price
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 "Navratna" PSU 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

Overview
It is an ICT provider and is one of the largest neutral telecom infrastructure providers in India owning a Pan-India optic fiber cable network (OFC), which can serve up to 70% of the country’s population. [1] It’s RailWire broadband service is ranked as the 13th largest broadband provider with over 5.8 lakhs subscribers that is the 4th largest in subscriber count in rural areas of India. The company was granted the Navratna status in August 2024. [2] [3] It has executed critical projects of national importance such as BharatNet, National Knowledge Network (NKN), railway signaling, etc. [4]

  • Market Cap 14,147 Cr.
  • Current Price 441
  • High / Low 618 / 279
  • Stock P/E 50.2
  • Book Value 58.8
  • Dividend Yield 0.65 %
  • ROCE 20.2 %
  • ROE 15.2 %
  • 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 39.2%

Cons

  • Stock is trading at 7.49 times its book value
  • Company has a low return on equity of 13.1% over last 3 years.
  • Company has high debtors of 180 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
348 414 455 370 429 454 697 468 599 668 833 558 843
239 343 359 304 328 380 600 377 472 539 716 455 714
Operating Profit 110 71 96 66 100 74 98 90 127 130 117 103 129
OPM % 31% 17% 21% 18% 23% 16% 14% 19% 21% 19% 14% 19% 15%
21 56 21 8 11 8 46 -1 2 -4 31 2 5
Interest 1 1 1 1 1 2 1 1 1 0 4 1 1
Depreciation 40 38 43 40 37 37 41 37 38 41 43 38 40
Profit before tax 90 89 73 34 74 43 102 51 90 84 102 67 94
Tax % 26% 25% 26% 26% 25% 26% 26% 25% 25% 26% 24% 27% 23%
67 67 54 25 55 32 75 38 68 62 78 49 73
EPS in Rs 2.08 2.07 1.69 0.78 1.72 1.00 2.34 1.20 2.12 1.94 2.42 1.52 2.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
572 851 984 986 1,081 1,337 1,522 1,957 2,568 2,903
367 595 710 685 747 1,010 1,154 1,578 2,103 2,424
Operating Profit 206 256 273 301 333 328 368 379 464 479
OPM % 36% 30% 28% 31% 31% 24% 24% 19% 18% 16%
70 52 41 -6 -18 28 76 35 28 34
Interest 1 1 2 5 4 2 4 6 6 6
Depreciation 81 116 119 112 131 159 160 154 158 161
Profit before tax 194 191 194 179 181 195 280 254 328 347
Tax % 47% 33% 19% 39% 24% 28% 25% 26% 25%
102 128 156 110 138 140 208 188 246 261
EPS in Rs 3.18 3.99 4.87 3.42 4.31 4.37 6.49 5.87 7.67 8.14
Dividend Payout % 22% 40% 12% 58% 49% 50% 37% 43% 37%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 24%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 24%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 54%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 321 321 321 321 321 321 321 321 321 321
Reserves 763 838 928 963 1,040 1,082 1,195 1,328 1,506 1,567
0 0 0 1 43 0 32 42 46 49
1,126 1,155 1,010 870 852 1,213 1,212 1,658 2,177 2,108
Total Liabilities 2,211 2,315 2,259 2,156 2,256 2,616 2,759 3,349 4,050 4,045
711 694 688 790 789 760 775 821 913 936
CWIP 262 360 364 300 253 215 164 157 130 142
Investments 10 0 10 17 10 10 40 40 90 0
1,228 1,261 1,197 1,049 1,204 1,632 1,781 2,330 2,916 2,967
Total Assets 2,211 2,315 2,259 2,156 2,256 2,616 2,759 3,349 4,050 4,045

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
154 374 258 284 556
-48 -135 -213 -203 -419
-62 -110 -104 -79 -77
Net Cash Flow 43 130 -59 3 60

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 164 160 173 169 160 208 160 195 180
Inventory Days
Days Payable
Cash Conversion Cycle 164 160 173 169 160 208 160 195 180
Working Capital Days -66 -91 1 -16 17 -6 9 52 -19
ROCE % 17% 16% 17% 17% 14% 16% 16% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84% 72.84%
2.47% 0.54% 0.26% 0.38% 1.03% 1.05% 1.32% 1.46% 1.45% 2.20% 2.15% 3.05%
4.74% 3.88% 4.12% 4.77% 4.19% 4.12% 2.20% 3.54% 3.39% 2.64% 2.86% 0.61%
19.95% 22.73% 22.78% 21.99% 21.94% 21.97% 23.64% 22.14% 22.31% 22.32% 22.14% 23.51%
No. of Shareholders 2,98,6183,09,3173,05,2352,94,3802,64,9952,74,3202,73,7862,97,2023,07,2463,76,8024,37,0085,15,406

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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