Railtel Corporation Of India Limited (RAILTEL)

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Railtel Corporation Of India Limited (RAILTEL) · mywealthgrid

About

Railtel operates Other Telecom Services (government-backed, 72% promoter, ₹9,054 Cr market cap). Quarterly revenue ₹750–950 Cr except Q4 spike to ₹1,300–1,600 Cr. Net profit ₹62–142 Cr, operating margins 13–16%.

Face value: ₹10

Market cap

₹8,254 Cr

P/E

40.9×

P/B

5.0×

Dividend yield

1.3%

ROE

11.9%

ROCE

15%

Debt / equity

OPM

19.3%

EPS (TTM)

₹6.3

Book value

₹51.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Q4 revenue ~2× other quarters (₹1,300–1,600 Cr vs ₹750–950 Cr). Verify driver and sustainability; concentration risk material if contract lost
PE 44.91 vs ROE 11.91%—expensive relative to growth. Stock down 21% in 1y despite zero debt and regular dividends. Market skepticism unresolved; verify sector or company headwinds
Operating margins 13–16% may limit pricing power. Verify if typical for telecom services or compression risk from competition or regulation
EPS swings ₹1.94–4.42 driven by revenue lumpiness. Verify capex sustainability and whether zero-debt position constrains growth investment

Generated analysis · source review pending

Growth drivers

Jun 2025–Jun 2026 revenue up 20% (₹743.81 → ₹893.27 Cr). All four tracked quarters show YoY growth 12–27%, Mar 2026 highest at +27.5%
Operating margins 13–16% stable across quarters despite swings. Verify whether sustainability allows growth to flow to net profit without margin compression
Zero debt (D/E 0) and regular dividends 2025–26 signal strong cash generation. Verify capex needs and whether debt headroom enables infrastructure expansion
Government backing (72% promoter) positions for India telecom infrastructure contracts. Verify specific service type and tender pipeline

Generated analysis · source review pending

1,378 historical price candles were omitted because the exchange source has not been verified.

₹257.2-0.8%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 20.3% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 43.7×
+Dividend payout of 51.7% of profit
+High promoter holding of 72.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

59/100

Business quality: 62
Growth: 78
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Railtel Corporation Of India LimitedRAILTELRAILTEL	₹8,254 Cr	₹8,254 Cr	₹2,054 Cr	₹347 Cr	19.3%	₹202 Cr	9.6%	15%	11.9%	64
Route Mobile LimitedROUTEROUTE	₹2,749 Cr	₹2,749 Cr	₹4,509 Cr	₹524 Cr	12.2%	₹248 Cr	5.8%	18.4%	9.2%	22
Stl Networks LimitedSTLNETWORKSTLNETWORK	₹2,303 Cr	₹3,230 Cr	₹945 Cr	₹43 Cr	4%	₹-99 Cr	-10.3%	0.9%	-12.4%	-504
Gtl LimitedGTLGTL	₹107 Cr	₹5,736 Cr	₹198 Cr	₹24 Cr	26%	₹793 Cr	-3.3%	—	—	—
Steelman Telecom LtdSTMLSTML	₹73 Cr	—	₹188 Cr	₹23 Cr	12%	₹9 Cr	4.9%	—	—	—
Nettlinx LtdNETTLINXNETTLINX	₹33 Cr	₹39 Cr	₹21 Cr	₹1 Cr	4.3%	₹-5 Cr	-24.7%	0.8%	-8.4%	326

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	1,128	1,378	1,548	1,964
	794	1,051	1,182	1,585
	334	327	367	378
OPM %	29.6%	23.7%	23.7%	19.3%
Depreciation	131	159	160	154
Interest	7	4	5	6
	-12	33	79	37
Profit before tax	185	197	281	255
Tax	44	55	72	66
Tax %	23.7%	27.8%	25.5%	25.8%
	141	142	209	189
PAT margin %	12.5%	10.3%	13.5%	9.6%
EPS (₹)	—	4.4	6.5	5.9
EPS adjusted (₹)	4.4	4.4	6.5	5.9
	—	49.5%	36.9%	43.3%
Annual report	—	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity capital	321	321	321	321
Reserves	1,048	1,092	1,206	1,328
	0	0	0	0
	1,029	1,297	1,331	1,690
Total equity & liabilities	2,398	2,710	2,858	3,339
	616	590	610	652
CWIP	253	215	163	157
Investments	0	0	30	40
	1,529	1,905	2,055	2,490
Total assets	2,398	2,710	2,858	3,339

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	173	349	264	230
	-48	-123	-223	-150
	-62	-110	-104	-79
Net cash flow	63	116	-63	1
Free cash flow	112	269	148	52
CFO / Operating profit %	51.9%	106.6%	72%	60.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 20%
1 year: 27%

Compounded profit growth

7 years: —
5 years: —
3 years: 10%
1 year: -10%

Return on equity

7 years: —
5 years: —
3 years: 12%
Last year: 12%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2023 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Telecom Services	1,169.48	228.99	—	1,479.32
Project Work Services	794.03	37.9	—	171.16

SegmentFigure

Project Work Services · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	—	—	—
EBITDA margin %	29.6%	23.7%	23.7%	19.3%
EBIT margin %	18%	12.2%	13.3%	11.4%
PAT margin %	12.5%	10.3%	13.5%	9.6%
Working capital
Receivable days	164	205	161	195
Inventory days	0	0	0	0
Payable days	174	185	152	131
NWC days	-10	20	9	64
Leverage
Current ratio	1.26	1.47	1.3	1.39
Debt to EBITDA	0	0	0	0
Debt to equity	0	0	0	0
Interest coverage	36.5	49.6	52.1	43.7
Asset turnover	0.47	0.51	0.54	0.59
Return ratios
Return on assets %	5.9%	5.3%	7.3%	5.7%
Return on capital employed %	15.9%	13%	17.5%	15%
Return on equity %	10.3%	10.1%	13.7%	11.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%	72.84%
	1.46%	1.45%	2.2%	2.15%	3.05%	3.34%	3.33%	3.68%	3.55%	3.68%	3.72%	3.98%
	3.55%	3.4%	2.64%	2.86%	0.6%	0.36%	0.46%	0.78%	0.78%	0.84%	0.99%	0.98%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.15%	22.31%	22.32%	22.15%	23.51%	23.46%	23.37%	22.7%	22.83%	22.64%	22.45%	22.2%
No. of shareholders	—	—	—	—	—	—	—	—	5,10,401	4,99,192	4,92,275	4,86,005

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 9 fund houses

Held by these funds

0.23%

of the company's equity

All mutual funds

0.29%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

30 schemes · 9 fund houses

		Shares
IB32-Groww Nifty India Railways PSU ETF	Groww Mutual Fund	1.68 L	4.64	2.73%	0.052%	+21,258
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	1.39 L	3.84	0.11%	0.043%	+1,703
Nifty Smallcap250 Quality 50 Index Fund	DSP Mutual Fund	1.06 L	2.92	0.92%	0.033%	-98
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	70,790	1.95	0.11%	0.022%	+793
IB31-Groww Nifty India Railways PSU IndexNEW	Groww Mutual Fund	59,429	1.64	2.74%	0.019%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	51,315	1.42	0.11%	0.016%	+466
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	34,635	0.96	0.18%	0.011%	+17
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	31,220	0.86	0.11%	0.01%	+630

1–8 of 30

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit Rating revision18 Feb 2026

Investor Presentation and earnings call

Jul 2026TranscriptAI SummaryPPTREC
May 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

39 announcementsExport CSV

29 Sept 2026, 6:27 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 11:38 amCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

19 Sept 2026, 1:22 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

17 Sept 2026, 5:57 amCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

11 Sept 2026, 2:19 pmCompany Update

Profile Of The Statutory Auditors

General PDF

9 Sept 2026, 10:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

3 Sept 2026, 6:34 pmCompany Update

Cancellation Of Letter Of Acceptance

General PDF

27 Aug 2026, 11:15 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Update On Litigation

General PDF

Date	Category	Subject	Filing
29 Sept 2026, 6:27 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 11:38 am	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	—	—	—
EBITDA margin %	29.6%	23.7%	23.7%	19.3%
EBIT margin %	18%	12.2%	13.3%	11.4%
PAT margin %	12.5%	10.3%	13.5%	9.6%
Working capital
Receivable days	164	205	161	195
Inventory days	0	0	0	0
Payable days	174	185	152	131
NWC days	-10	20	9	64
Leverage
Current ratio	1.26	1.47	1.3	1.39
Debt to EBITDA	0	0	0	0
Debt to equity	0	0	0	0
Interest coverage	36.5	49.6	52.1	43.7
Asset turnover	0.47	0.51	0.54	0.59
Return ratios
Return on assets %	5.9%	5.3%	7.3%	5.7%
Return on capital employed %	15.9%	13%	17.5%	15%
Return on equity %	10.3%	10.1%	13.7%	11.5%

111 deals · 20 Sept 2021 – 15 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	23,44,622	₹324.31	₹76.04 Cr
15 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	23,44,622	₹324.19	₹76.01 Cr
15 Apr 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	21,06,039	₹326.06	₹68.67 Cr
15 Apr 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	21,06,039	₹325.95	₹68.65 Cr
2 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	35,99,230	₹325.69	₹117.22 Cr
2 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	35,99,230	₹325.85	₹117.28 Cr
2 May 2025	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	17,19,531	₹324.88	₹55.86 Cr
2 May 2025	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	17,19,531	₹325.02	₹55.89 Cr
24 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	20,52,320	₹332.15	₹68.17 Cr
24 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	20,52,320	₹332.02	₹68.14 Cr

1–10 of 111

1 / 12

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Railtel Corporation Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Project Work Services · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Dividends14

Board meetings1

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Project Work Services · revenue

14

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