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 "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]
- 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.
Peer comparison
Sector: Telecomm-Service Industry: Telecommunications - Service Provider
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: | % |
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 1h
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Copy of presentation to be given in Non-Deal Road Show in Mumbai from 22/07/2024 to 24/07/2024 is being submitted in Advance.
- Announcement under Regulation 30 (LODR)-Dividend Updates 1d
- 24Th Annual General Meeting Of The Members Of The Company Will Be Held On Wednesday, 21St August, 2024 At 11:30 Hrs (IST) Through Video Conferencing. 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Jul - The management of the Company will be participating in a Non-Deal Roadshow (NDR) with various investors in Mumbai on 22nd to 24th July, 2024. During …
Annual reports
Concalls
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptPPTREC
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Jan 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPTREC
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Jul 2021TranscriptPPT
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Mar 2021TranscriptPPT
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]