NSE:RAILTEL · Risk Score Report

NSE:RAILTELNSECommunication Services

RailTel Corporation of India Limited

📊 Telecom Services

Day ₹327

₹334 Neutral

52W ₹245

₹479 Neutral

₹329.27

▼ ₹3.03 (-0.91%)

Vol: 598,001 · Avg: 3,130,835

As of April 29, 2026 · 06:42 IST

COMPOSITE RISK SCORE

VAL:7/25 · FIN:14/25 · GRO:12/25 · TECH:18/25

📈 P/E RATIO

33.3x

Trailing

📖 P/B RATIO

5.0x

Price to Book

💰 EPS

₹9.90

TTM

🏛 MARKET CAP

₹10,568Cr

Mid Cap

📊 ROE

15.0%

Return on Equity

📈 REV GROWTH

19.0%

YoY

🏢 Company Analysis · RailTel Corporation of India Limited

💼 BUSINESS MODEL

RailTel Corporation of India Limited provides broadband telecom and multimedia networks and services in India..
The company operates through Telecom Services and Project Work Services segments..
It also offers e-office, HD video conferencing, data and security operation center, railwire broadband, cyber security, managed services, leased and internet leased line, virtual private network, tower colocation, voice carriage, rack and space collocation, signalling, consultancy, cloud, connectivity, and aadhaar based services, as well as maintenance services for telecom Infrastructure..
In addition, the company provides project services, including station Wi-Fi, bharatnet, railway signalling, national knowledge network services, hospital management information, and video surveillance systems..
Operates in Telecom Services within the Communication Services sector.
Workforce of 530 employees.

🏰 MOAT & COMPETITION

Mid-cap (₹10,568 Cr) — growing company in a competitive landscape.
Key competitors: Railtel Corpn., Route Mobile, Nettlinx, Accord Synergy.

🚀 CATALYSTS

Revenue growing at 19% — strong top-line momentum.

⚖️ ASYMMETRY CHECK

Analyst target range: ₹225 — ₹290 (mean ₹258, 2 analysts).
P/E of 33.3x — fair value territory; catalysts needed for re-rating.
⚠ Company has high debtors of 195 days.

🔭 FUTURE OUTLOOK

Analyst consensus: None (2 analysts).
Latest quarter earnings change: -4% YoY — relatively flat.

✅ 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.

VALUATION

7/25

25% WEIGHT

P/E at 33x
P/B at 5.0x
Analyst target: ₹258 (-21.8%)
1Y return: +9.1%

FINANCIAL HEALTH

14/25

25% WEIGHT

ROE: 15.0%
Profit margin: 8.1%
Revenue growth: 19.0%
Debt/Equity: 3%

GROWTH

12/25

25% WEIGHT

Revenue growth: 19.0%
Earnings growth: -4.4%
Beta: 0.55
Sector: Communication Services

TECHNICAL

18/25

25% WEIGHT

RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals

📈 Price Movement

🕯 Candlestick Chart

🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗

📉 Valuation Trends (at current CMP)

P/E Ratio at current CMP

💎 Valuation & Financial Metrics

P/E RATIO

33.3x

Trailing twelve months

P/B RATIO

5.0x

Price to Book value

ROE

15.0%

Return on Equity

PROFIT MARGIN

8.1%

Net profit margin

OPM

9.3%

Operating profit margin

ANALYST TARGET

₹258

Range: ₹225 - ₹290

Yahoo Finance ↗

PEG RATIO

18.73

Price/Earnings to Growth

EV/EBITDA

18.7x

Enterprise value ratio

CURRENT RATIO

N/A

Liquidity measure

DIVIDEND YIELD

1.16%

Annual yield

ROA

6.1%

Return on Assets

GROSS MARGIN

16.4%

Gross profit margin

INDUSTRY AVERAGES — OTHER TELECOM SERVICES

P/E 26.0x (above avg)

P/B 4.0x (sector fair)

ROCE 1.6% (above avg)

ROE 15% (sector good)

OPM 20% (sector good)

Div Yield 1.47%

D/E <50 (sector comfort)

📋 Quarterly Performance Trend

Quarter	Revenue	QoQ %	Net Profit	QoQ %	Op. Cash Flow	EBITDA Margin
Q2 FY25	₹843 Cr	—	₹73 Cr	—	N/A	16.0%
Q3 FY25	₹768 Cr	-9.0%	₹65 Cr	-10.4%	N/A	17.4%
Q4 FY25	₹1,297 Cr	+68.9%	₹113 Cr	+74.4%	N/A	14.8%
Q1 FY26	₹744 Cr	-42.6%	₹66 Cr	-41.7%	N/A	18.0%
Q3 FY26	₹913 Cr	+22.8%	₹62 Cr	-5.6%	N/A	14.8%

📊 Year-on-Year Trend

FY	Revenue	YoY %	Net Profit	YoY %	Op. Cash Flow	YoY %
FY22	₹1,543 Cr	—	₹209 Cr	—	₹250 Cr	—
FY23	₹1,951 Cr	+26.5%	₹188 Cr	-9.9%	₹284 Cr	+13.6%
FY24	₹2,564 Cr	+31.4%	₹246 Cr	+30.8%	₹556 Cr	+96.0%
FY25	₹3,466 Cr	+35.2%	₹300 Cr	+21.8%	₹255 Cr	-54.1%

📈 Revenue vs Earnings

🎯 EPS: Estimate vs Actual

💰 How RailTel Corporation of India Limited Makes Its Money

🏦 Snapshot of RailTel Corporation of India Limited's Balance Sheet

💸 Looking into RailTel Corporation of India Limited's Cash Flow

📅 Quarterly Results Source: Screener ↗

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales +	430	307	358	418	466	377	429	454	704	468	599
YOY Sales Growth %	9.47%	20.55%	26.69%	1.73%	8.31%	22.86%	19.59%	8.77%	51.15%	24.08%	39.76%
Expenses +	357	247	249	347	369	310	328	380	605	393	484
Employee Cost %	7.37%	12.63%	9.59%	12.04%	13.40%	13.69%	10.27%	10.66%	7.28%	11.20%	8.61%
Operating Profit	73	60	110	71	96	67	100	74	98	74	115
OPM %	17%	19%	31%	17%	21%	18%	23%	16%	14%	16%	19%
Other Income +	10	9	23	56	22	8	11	8	48	15	14
Exceptional items	0.00	0.00	0.00	0.00	14.07	0.00	0.00	0.00	36.54	0.00	0.00
Other income normal	9.90	8.53	22.60	56.46	7.95	8.24	11.38	7.85	11.21	15.12	13.67
Interest	2	1	1	1	2	1	1	2	2	1	1
Depreciation	40	39	40	38	43	40	37	37	41	37	38
Profit before tax	41	28	91	88	74	35	74	43	103	51	90
Tax %	33%	24%	26%	25%	26%	25%	25%	26%	26%	25%	25%
Net Profit +	27	21	68	66	54	26	55	32	76	38	68
Exceptional items AT	0	0	0	0	10	0	0	0	27	0	0
Profit excl Excep	27	21	68	66	45	26	55	32	49	38	68
Profit for PE	27	21	68	66	45	26	55	32	49	38	68
Profit for EPS	27	21	68	66	54	26	55	32	76	38	68
YOY Profit Growth %	-47%	29%	131%	-5%	64%	22%	-18%	-52%	10%	49%	23%
EPS in Rs	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 Statement Source: Screener ↗

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales +	578	850	987	1,003	1,128	1,378	1,548	1,964	2,225
Sales Growth %	19.80%	47.16%	16.04%	1.67%	12.44%	22.14%	12.38%	26.80%
Expenses +	372	591	712	701	794	1,050	1,181	1,584	1,863
Manufacturing Cost %	36%	48%	56%	56%	57%	59%	62%	68%
Employee Cost %	16%	12%	12%	11%	11%	9%	13%	11%
Other Cost %	13%	9%	4%	3%	3%	8%	2%	2%
Operating Profit	206	259	274	302	334	327	368	380	362
OPM %	36%	30%	28%	30%	30%	24%	24%	19%	16%
Other Income +	70	52	44	35	-12	33	79	36	84
Exceptional items	-0.01	0.00	0.67	0.02	-48.51	0.05	50.06	-2.13
Other income normal	70.47	52.47	43.75	34.97	36.93	33.39	29.23	38.62
Interest	1	1	4	8	7	4	6	7	6
Depreciation	81	116	119	112	131	159	160	154	153
Profit before tax	195	194	196	218	185	197	281	255	288
Tax %	47%	33%	20%	38%	24%	28%	26%	26%
Net Profit +	103	130	158	135	141	142	209	189	215
Profit from Associates	0	0	0	0	0	0	0	0
Minority share	0	0	0	0	0	0	0	0
Exceptional items AT	-0	0	0	0	-34	0	37	-2
Profit excl Excep	103	130	157	135	175	142	172	191
Profit for PE	103	130	157	135	175	142	172	191
Profit for EPS	103	130	158	135	141	142	209	189
Profit Growth %	-15%	27%	21%	-14%	29%	-19%	21%	11%
EPS in Rs	3.20	4.06	4.92	4.22	4.40	4.44	6.51	5.89	6.69
Dividend Payout %	40%	34%	11%	47%	48%	50%	37%	43%

🏦 Balance Sheet Source: Screener ↗

	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
Borrowings +	0	0	0	5	43	0	32	42	48
Lease Liabilities		0.00	0.00	0.00	42.54	0.00	31.51	41.79	48.04
Other Borrowings	0.00	0.00	0.00	5.48	0.00	0.00	0.00	0.00
Other Liabilities +	1,135	1,162	1,066	933	986	1,297	1,300	1,648	1,779
Trade Payables	144	200	276	267	379	533	493	569	689
Advance from Customers	0	0	278	166	157	181	128	102
Other liability items	991	962	512	501	451	584	679	977	1,090
Total Liabilities	2,220	2,321	2,319	2,228	2,398	2,710	2,858	3,339	3,550
Fixed Assets +	711	694	688	790	789	760	775	821	828
Land	2.53	2.53	18.61	16.23	37.21	21.27	27.24	27.24
Building	60.08	68.26	69.41	168.40	189.16	214.73	217.05	233.27
Plant Machinery	1,350.51	1,437.74	1,522.54	1,637.83	1,644.56	1,660.25	1,807.82	1,967.89
Equipments	6.34	7.36	7.91	8.32	8.65	10.85	15.29	20.14
Computers	2.04	2.22	10.88	9.05	9.67	11.37	12.56	14.52
Furniture n fittings	2.95	3.20	3.35	3.37	4.01	4.56	4.98	5.60
Vehicles	0.00	0.00	0.39	0.39	0.39	0.39	0.40	0.40
Intangible Assets	0.00	0.00	5.30	5.30	5.30	5.61	5.60	5.61	4.30
Other fixed assets	6.55	9.69	4.76	7.38	42.99	51.83	52.05	56.39
Gross Block	1,431.00	1,531.00	1,643.15	1,856.27	1,941.94	1,980.86	2,142.99	2,331.06
Accumulated Depreciation	720.47	837.09	955.15	1,066.33	1,152.59	1,220.95	1,368.07	1,509.75
CWIP	262	359	364	300	253	215	163	157	217
Investments	0	0	0	7	0	0	30	40	5
Other Assets +	1,247	1,268	1,267	1,131	1,356	1,735	1,890	2,321	2,500
Inventories	1	0	0	1	0	1	1	1	1
Trade receivables	264	375	467	460	507	772	685	1,048	1,272
Cash Equivalents	572	616	509	407	268	588	328	273	319
Loans n Advances	144	138	66	97	111	125	106	165	278
Other asset items	266	139	225	166	469	248	770	834	630
Total Assets	2,220	2,321	2,319	2,228	2,398	2,710	2,858	3,339	3,550

💰 Cash Flow Statement Source: Screener ↗

	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	173	348	250	230
Profit from operations	306	359	345	315
Other WC items	-94	33	3	-57
Working capital changes	-94	33	3	-57
Direct taxes	-38	-45	0	0
Advance tax	0	0	-48	-31
Other operating items	0	0	-50	2
Cash from Investing Activity +	-48	-123	-209	-150
Fixed assets purchased	-77	-89	-116	-177
Investments sold	7	0	1	1
Interest received	28	16	37	19
Redemp n Canc of Shares	1	2	3	1
Other investing items	-7	-51	-133	6
Cash from Financing Activity +	-62	-110	-104	-79
Dividends paid	-46	-100	-95	-69
Financial liabilities	-7	-9	-9	-10
Other financing items	-10	0	0	0
Net Cash Flow	63	115	-63	1
Free Cash Flow	96	258	134	52
CFO/OP	63%	120%	81%	69%

📈 Key Financial Ratios

	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%

🏭 Industry Peers — Other Telecom Services

#	Company	CMP	P/E	Mkt Cap	ROCE	Qtr Profit	Score
1	Railtel Corpn. ★	₹329	32.5	₹10,551	21.8%	+2.9%	84
2	Route Mobile	₹530	10.8	₹3,342	17.7%	+18.4%	76
3	Nettlinx	₹17	—	₹42	19.5%	-104.6%	52
4	Accord Synergy	₹48	19.5	₹17	-9.9%	+217.3%	47
5	GTL	₹7	—	₹115	—	+93.7%	46
6	STL Networks	₹28	—	₹1,390	4.2%	+54.9%	46
7	Steelman Telecom	₹62	—	₹60	-8.6%	+18.1%	30
8	Uniinfo Telecom	₹13	86.9	₹14	-1.0%	+0.0%	22
9	Vivo Collaborat.	₹76	—	₹15	-10.6%	-394.2%	15

★ RAILTEL is the top-ranked techno-fundamental pick in Other Telecom Services

🏛 Shareholding Pattern

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%
FIIs	3.34%	3.33%	3.67%	3.54%	3.68%	3.72%
DIIs	0.36%	0.45%	0.78%	0.78%	0.84%	0.99%
Public	23.45%	23.36%	22.70%	22.82%	22.63%	22.44%
No. of Shareholders	5,21,892	5,40,217	5,16,521	5,10,401	4,99,192	4,92,275

🟢 CATALYSTS

🏆Revenue Growth 19%: Above sector norm of 18% — strong top-line momentum.

💹Low Beta (0.55): Less volatile than market — defensive play.

🔀Sector Opportunity: Communication Services / Telecom Services — positioned in growth sector.

🔴 RISKS

📜Below Analyst Target: CMP above mean target — limited upside consensus.

💰Market Risk: Broader market correction or sentiment shift could impact stock.

🔓Sector Risk: Regulatory or competitive changes in Communication Services space.

🕸 Factor Analysis · Radar

Momentum 6/10
1M +33.8%, 6M -11.9%, RSI 61, MACD bullish, Below 200DMA

Sentiment 3/10
Analyst upside -21.8%, Rec: none

Value 4/10
P/E 33.3, P/B 5.0, PEG 18.73, EV/EBITDA 18.7

Quality 6/10
Margin 8.1%, D/E 3

Low Volatility 8/10
Beta 0.55, Ann. vol 45%

🎯 Decision Matrix

Action	If Stock Rises	If Stock Falls
BUY	Benefit from potential re-rating	Fundamentals provide base support; P/E 33x vs sector median 19x is a risk
HOLD	Retain existing position; wait for better entry; FII stake rising (+0.04%)	Miss further upside if momentum continues; 1M return of +33.8% shows momentum
SELL	Lock in +9.1% 1Y return; redeploy into Route Mobile at lower P/E	Avoid further drawdown; P/E compression risk at 33x

REASONS TO BUY

ROCE at 16% indicates strong capital efficiency
FII stake rising (+0.04%) — signals institutional confidence
Revenue growing at 19.0% YoY (sector norm: 6%)

REASONS TO SELL / AVOID

P/E of 33.3x is 1.7x the sector median of 19x
Route Mobile offers lower P/E (10.8) with ROCE of 17.7% in the same sector
Trading above analyst target — consensus sees -21.8% downside

📰 Latest News

RailTel Corporation of India Ltd (BOM:543265) Q3 2026 Earnings Call Highlights: Strong Revenue ...

GuruFocus.com · 2026-02-05T01:02

RailTel Corporation of India Ltd (BOM:543265) Q2 2026 Earnings Call Highlights: Strong Revenue ...

GuruFocus.com · 2025-11-05T01:11

RECOMMENDATION

HOLD

COMPOSITE SCORE

51/100

RailTel Corporation of India Limited trades at ₹329.27 with a composite risk score of 51/100. The stock scores 7/25 on valuation, 14/25 on financial health, 12/25 on growth, and 18/25 on technicals. The company is currently profitable with moderate return on equity.

The stock is trading near or above analyst consensus targets. Revenue growth is at 19.0% — a strong positive signal.

Bottom Line: Neutral for Communication Services — wait for better entry or catalyst. The current recommendation is HOLD.