Railtel Corporation of India Ltd

Railtel Corporation of India Ltd

₹ 523 1.38%
22 Jul 4:01 p.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

Services Offered
RCIL offers a range of services across industries which are broadly classified as below -
a) Telepresence Services - RailTel offers enterprise-class Full High Definition (HD) & secure multi-point managed video conferencing service that enables users a virtual, face-to-face meeting experience.
b) Data Centre Services - RailTel has its own Data Centres at Secunderabad and Gurugram.
c) Retail Broadband - Rail Wire is a retail Broadband initiative of RailTel.
d) Leased Line Service
e) Virtual Private Network Service
f) Internet Leased Line Service
g) Rack and Space Collocation Service
h) Tower Co-location Service [1]

  • Market Cap 16,790 Cr.
  • Current Price 523
  • High / Low 618 / 157
  • Stock P/E 89.5
  • Book Value 53.7
  • Dividend Yield 0.49 %
  • 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

  • Stock is trading at 9.76 times its book value
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
283 411 430 307 358 418 466 377 429 454 704 468 599
211 286 357 247 249 347 369 310 328 380 605 393 484
Operating Profit 72 125 73 60 110 71 96 67 100 74 98 74 115
OPM % 26% 30% 17% 19% 31% 17% 21% 18% 23% 16% 14% 16% 19%
9 7 10 9 23 56 22 8 11 8 48 15 14
Interest 1 0 2 1 1 1 2 1 1 2 2 1 1
Depreciation 41 38 40 39 40 38 43 40 37 37 41 37 38
Profit before tax 40 94 41 28 91 88 74 35 74 43 103 51 90
Tax % 27% 26% 33% 24% 26% 25% 26% 25% 25% 26% 26% 25% 25%
29 70 27 21 68 66 54 26 55 32 76 38 68
EPS in Rs 0.91 2.17 0.85 0.66 2.10 2.06 1.69 0.81 1.72 1.00 2.37 1.20 2.12
Raw PDF

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: %
3 Years: 55%
1 Year: 237%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 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

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 -10 -16 4 51
ROCE % 17% 17% 18% 18% 14% 16% 16%

Shareholding Pattern

Numbers in percentages

28 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%
2.59% 2.47% 0.54% 0.26% 0.38% 1.03% 1.05% 1.32% 1.46% 1.45% 2.20% 2.15%
5.96% 4.74% 3.88% 4.12% 4.77% 4.19% 4.12% 2.20% 3.54% 3.39% 2.64% 2.86%
18.60% 19.95% 22.73% 22.78% 21.99% 21.94% 21.97% 23.64% 22.14% 22.31% 22.32% 22.14%
No. of Shareholders 2,94,1432,98,6183,09,3173,05,2352,94,3802,64,9952,74,3202,73,7862,97,2023,07,2463,76,8024,37,008

* 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.

Click on the line-items to see the names of individual entities.

Documents

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