Railtel Corporation of India Ltd

₹ 144 3.13%
25 Nov - 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 "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 Objectives
a) 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 exploitation of its telecom network. [1]

  • Market Cap 4,605 Cr.
  • Current Price 144
  • High / Low 146 / 84.0
  • Stock P/E 22.9
  • Book Value 49.4
  • Dividend Yield 1.67 %
  • ROCE 19.5 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 44.9%

Cons

  • Company has a low return on equity of 12.6% over last 3 years.
  • Company has high debtors of 161 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
270 393 254 283 411 430 307 358 418 466 377 429
196 286 197 211 286 357 247 249 347 369 310 328
Operating Profit 74 106 57 72 125 73 60 110 71 96 67 100
OPM % 28% 27% 23% 26% 30% 17% 19% 31% 17% 21% 18% 23%
8 -36 7 9 7 10 9 23 56 22 8 11
Interest 2 2 1 1 0 2 1 1 1 2 1 1
Depreciation 27 37 41 41 38 40 39 40 38 43 40 37
Profit before tax 53 31 22 40 94 41 28 91 88 74 35 74
Tax % 19% 26% 27% 27% 26% 33% 24% 26% 25% 26% 25% 25%
Net Profit 43 23 16 29 70 27 21 68 66 54 26 55
EPS in Rs 1.35 0.71 0.51 0.91 2.17 0.85 0.66 2.10 2.06 1.69 0.81 1.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
578 850 987 1,003 1,128 1,378 1,548 1,689
372 591 712 701 794 1,050 1,181 1,354
Operating Profit 206 259 274 302 334 327 368 334
OPM % 36% 30% 28% 30% 30% 24% 24% 20%
70 52 44 35 -12 33 79 98
Interest 1 1 4 8 7 4 6 5
Depreciation 81 116 119 112 131 159 160 157
Profit before tax 195 194 196 218 185 197 281 270
Tax % 47% 33% 20% 38% 24% 28% 26%
Net Profit 103 130 158 135 141 142 209 201
EPS in Rs 3.20 4.06 4.92 4.22 4.40 4.44 6.51 6.28
Dividend Payout % 40% 34% 11% 47% 48% 50% 37%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 16%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 16%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 21%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 13%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
321 321 321 321 321 321 321 321
Reserves 764 838 932 968 1,048 1,092 1,206 1,266
0 0 0 5 43 0 0 30
1,135 1,162 1,066 933 986 1,297 1,331 1,405
Total Liabilities 2,220 2,321 2,319 2,228 2,398 2,710 2,858 3,021
711 694 688 790 789 760 775 765
CWIP 262 359 364 300 253 215 163 174
Investments 0 0 0 7 0 0 30 0
1,247 1,268 1,267 1,131 1,356 1,735 1,890 2,082
Total Assets 2,220 2,321 2,319 2,228 2,398 2,710 2,858 3,021

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
173 348 264
-48 -123 -223
-62 -110 -104
Net Cash Flow 63 115 -63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 167 161 173 167 164 205 161
Inventory Days
Days Payable
Cash Conversion Cycle 167 161 173 167 164 205 161
Working Capital Days 172 -92 -18 -37 -10 -16 -4
ROCE % 17% 17% 18% 18% 14% 19%

Shareholding Pattern

Numbers in percentages

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
72.84 72.84 72.84 72.84 72.84 72.84 72.84
3.02 2.71 2.59 2.47 0.54 0.26 0.38
5.24 4.24 5.96 4.74 3.88 4.12 4.77
18.90 20.20 18.60 19.95 22.73 22.78 21.99

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