Railtel Corporation of India Ltd
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]
- Market Cap ₹ 8,357 Cr.
- Current Price ₹ 260
- High / Low ₹ 401 / 245
- Stock P/E 44.6
- Book Value ₹ 53.7
- Dividend Yield 1.25 %
- ROCE 16.2 %
- ROE 12.0 %
- 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 43.2%
Cons
- Company has a low return on equity of 11.4% over last 3 years.
- Company has high debtors of 195 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 453 | 482 | 578 | 850 | 987 | 1,003 | 1,128 | 1,378 | 1,548 | 1,964 | 2,225 | |
| 284 | 299 | 372 | 591 | 712 | 701 | 794 | 1,050 | 1,181 | 1,584 | 1,863 | |
| Operating Profit | 169 | 184 | 206 | 259 | 274 | 302 | 334 | 327 | 368 | 380 | 362 |
| OPM % | 37% | 38% | 36% | 30% | 28% | 30% | 30% | 24% | 24% | 19% | 16% |
| 84 | 73 | 70 | 52 | 44 | 35 | -12 | 33 | 79 | 36 | 84 | |
| Interest | 0 | 0 | 1 | 1 | 4 | 8 | 7 | 4 | 6 | 7 | 6 |
| Depreciation | 85 | 90 | 81 | 116 | 119 | 112 | 131 | 159 | 160 | 154 | 153 |
| Profit before tax | 169 | 166 | 195 | 194 | 196 | 218 | 185 | 197 | 281 | 255 | 288 |
| Tax % | 18% | 27% | 47% | 33% | 20% | 38% | 24% | 28% | 26% | 26% | |
| 276 | 242 | 103 | 130 | 158 | 135 | 141 | 142 | 209 | 189 | 215 | |
| EPS in Rs | 4.30 | 3.77 | 3.20 | 4.06 | 4.92 | 4.22 | 4.40 | 4.44 | 6.51 | 5.89 | 6.69 |
| Dividend Payout % | 12% | 14% | 40% | 34% | 11% | 47% | 48% | 50% | 37% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 20% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 3% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 6% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 |
| Reserves | 764 | 838 | 932 | 968 | 1,048 | 1,092 | 1,206 | 1,328 | 1,402 |
| 0 | 0 | 0 | 5 | 43 | 0 | 32 | 42 | 48 | |
| 1,135 | 1,162 | 1,066 | 933 | 986 | 1,297 | 1,300 | 1,648 | 1,779 | |
| Total Liabilities | 2,220 | 2,321 | 2,319 | 2,228 | 2,398 | 2,710 | 2,858 | 3,339 | 3,550 |
| 711 | 694 | 688 | 790 | 789 | 760 | 775 | 821 | 828 | |
| CWIP | 262 | 359 | 364 | 300 | 253 | 215 | 163 | 157 | 217 |
| Investments | 0 | 0 | 0 | 7 | 0 | 0 | 30 | 40 | 5 |
| 1,247 | 1,268 | 1,267 | 1,131 | 1,356 | 1,735 | 1,890 | 2,321 | 2,500 | |
| Total Assets | 2,220 | 2,321 | 2,319 | 2,228 | 2,398 | 2,710 | 2,858 | 3,339 | 3,550 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 173 | 348 | 250 | 230 | |||||||
| -48 | -123 | -209 | -150 | |||||||
| -62 | -110 | -104 | -79 | |||||||
| Net Cash Flow | 63 | 115 | -63 | 1 | ||||||
| Free Cash Flow | 96 | 258 | 134 | 52 | ||||||
| CFO/OP | 63% | 120% | 81% | 69% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 167 | 161 | 173 | 167 | 164 | 205 | 161 | 195 | ||
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 167 | 161 | 173 | 167 | 164 | 205 | 161 | 195 | ||
| Working Capital Days | 172 | -92 | -18 | -37 | -12 | -16 | 2 | 50 | ||
| ROCE % | 17% | 17% | 18% | 18% | 14% | 16% | 16% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| OFC Network (Backbone) Route km |
|
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| RailWire Broadband Subscribers Subscribers |
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| Project Segment Revenue Share % of Operating Revenue |
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| Railway Stations with Wi-Fi Stations |
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| Order Book Rs Crore |
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| Data Center Capacity MW |
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Extracted by Screener AI
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
- Guwahati appeals authority set aside RailTel’s Rs 49.24 lakh CGST penalty demand.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- RailTel received LoI from Prasar Bharti for additional WAVES OTT platform services, estimated at Rs. 63.15 crore.
-
Profile Of The Statutory Auditors
- RailTel shares profiles of C&AG-appointed statutory auditors for FY2026.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- C&AG appointed statutory and branch auditors for FY 2026-27 on September 9, 2026.
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Cancellation Of Letter Of Acceptance
- Directorate of Higher Education, Himachal Pradesh cancelled RailTel’s Rs. 20.35 crore LoA for MIS dashboard project.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
Concalls
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Aug 2026Transcript REC
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May 2026Transcript
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Mar 2026PPT
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Feb 2026Transcript
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Nov 2025Transcript REC
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Aug 2025Transcript REC
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Jun 2025Transcript PPT
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May 2025Transcript REC
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Feb 2025Transcript
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Nov 2024Transcript
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Aug 2024Transcript
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Jul 2024Transcript PPT
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May 2024Transcript REC
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Jan 2024Transcript
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Nov 2023Transcript
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Aug 2023Transcript REC
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Jun 2023Transcript PPT
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Feb 2023Transcript
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Nov 2022Transcript
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Aug 2022Transcript
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May 2022Transcript
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Feb 2022Transcript
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Nov 2021Transcript
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Aug 2021Transcript
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Jul 2021Transcript
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Mar 2021Transcript
Overview[1] [2]
The company is a Navratna PSU and one of India’s largest neutral telecom infrastructure providers, operating a pan-India optical fibre network along railway tracks under exclusive ROW, covering key cities, towns and rural areas and reaching nearly 70% of the country’s population.