Is Golden Railway's share price set to reach ₹500 due to strong revenue and profit growth?
RailTel Corporation (NSE: RAILTEL) Share: Following the December quarter results of the railway-related company RailTel Corporation of India, its shares have risen dramatically.
The stock closed at Rs 435.90, representing a 9.69% rise over the previous 52-week high.
Company’s Quarterly Results
RailTel Corporation announced significant profit and revenue growth in the quarter ended December 31st, 2023.
The figure was Rs462.17 crore at the same time last year, while the company's total earnings increased by 10.11 percent on a quarterly basis.
RailTel Corporation's net profit after tax than doubled to Rs 62.14 crore, up from Rs 31.95 crore in the same period a year ago.
However, it declined 9.67% from Rs68.15 crore in the previous quarter. The railway company's EBITDA was Rs125.25 crore, compared to Rs79.86 crore in the previous year.
On a year-over-year basis, this share has risen by more than 56.84 percent, and it has the potential to reach Rs 500.
Nine Months Of Income
In the first quarter of the fiscal year, it generated Rs1,770.37 crore in total revenue.
The income for the same time last year was Rs1,287.35 crore.
Profits earned by the company over the nine months increased to Rs168.68 crore, compared to Rs113 crore during the same period the previous fiscal year.
Orders Are Processed Quickly
RailTel Corporation stated that it has received a request to provide IT infrastructure and services to support JNVS Schools.
The order came from Navodaya Vidyalaya Samiti for Rs 162.73 crore, and RailTel informed the market that the transaction will be completed in 180 days.
Prior to this, RailTel obtained a Rs39.88 crore order from the Bihar Education Project Council to distribute teaching materials for Classes 4 and 5.
RVNL recently placed an order with the company for 35 crores to supply data center hosting and application support services.
About RailTel Corporation of India
RailTel Corporation of India Ltd., a Public Sector Enterprise, reports to the Ministry of Railways of the Government of India.
Founded on September 26, 2000, it is an ICT supplier and one of India's major neutral telecom infrastructure providers.
RailTel, also known as "Mini Ratna (Category-I)" Central Public Sector Enterprise, is a major non-neutral broadband infrastructure provider in India.
It has a Pan-India optical fiber network that connects numerous cities, towns, and rural areas throughout the country.
RailTel has a dependable network that includes about 61,000 RKM of optical fiber that runs along railway rails and a 21000 km urban access network, as well as two tier III data centers and an empaneled MeitY cloud
Furthermore, they are involved in a number of prominent government programs, including the NIC-led National Knowledge Network, the North East Universal Service Obligation project, and the National Optical Fiber Network.
It aims to upgrade and improve India's existing train control, operation, and safety system, which encompasses over 61,000 kilometers of route and 6,108 stops.
Fundamental Analysis of Railtel Corporation of India Ltd
| Market Cap | ₹ 14,049 Cr. |
| Current Price | ₹ 438 |
| 52-wk High | ₹ 459 |
| 52-wk Low | ₹ 96.2 |
| Stock P/E | 64.7 |
| Book Value | ₹ 53.7 |
| Dividend | 0.58 % |
| ROCE | 16.0 % |
| ROE | 12.0 % |
| Face Value | ₹ 10.0 |
| P/B Value | 8.15 |
| OPM | 16.7 % |
| EPS | ₹ 7.61 |
| Debt | ₹ 48.0 Cr. |
| Debt to Equity | 0.03 |
Railtel Corporation of India Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹467 | ₹523 |
| 2025 | ₹543 | ₹598 |
| 2026 | ₹632 | ₹675 |
| 2027 | ₹700 | ₹723 |
| 2028 | ₹732 | ₹775 |
| 2029 | ₹800 | ₹843 |
| 2030 | ₹934 | ₹1100 |
RailTel Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 72.84% |
| Dec 2022 | 72.84% |
| Mar 2023 | 72.84% |
| June 2023 | 72.84% |
| Sept 2023 | 72.84% |
| DII Holding | |
| Sept 2022 | 4.77% |
| Dec 2022 | 4.19% |
| Mar 2023 | 4.12% |
| June 2023 | 2.20% |
| Sept 2023 |
| FII Holding | |
| Sept 2022 | 0.38% |
| Dec 2022 | 1.03% |
| Mar 2023 | 1.05% |
| June 2023 | 1.32% |
| Sept 2023 | 1.46% |
| Public Holding | |
| Sept 2022 | 21.99% |
| Dec 2022 | 21.94% |
| Mar 2023 | 21.97% |
| June 2023 | 23.64% |
| Sept 2023 | 22.14% |
RailTel Share: Financial Condition Over the Last Five Years
To better appreciate how the market is behaving, consider the outlook for this share in previous years.
However, investors should be informed of the dangers and market conditions prior to making any investment choice.
Last 5 Years’ Sales:
| 2019 | ₹986 Cr |
| 2020 | ₹1,081 Cr |
| 2021 | ₹1,337 Cr |
| 2022 | ₹1,522 Cr |
| 2023 | ₹2,436 Cr |
Net profit for the last five years:
| 2019 | ₹110 Cr |
| 2020 | ₹138 Cr |
| 2021 | ₹140 Cr |
| 2022 | ₹208 Cr |
| 2023 | ₹244 Cr |
Debt-to-Equity Ratio for the Past 5 Years:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Profit Growth Over the Past 10 Years:
| 10 Years: | — |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Current Year: | 39% |
Return on Equity (ROE) during the past 10 years:
| 10 Years: | — |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 12% |
Sales Growth Over a 10-Year Period:
| 10 Years: | — |
| 5 Years: | 15% |
| 3 Years: | 22% |
| Current Year: | 43% |
Company’s Positive Signs:
- The corporation is debt-free.
- The corporation is predicted to have a good quarter.
- The corporation has managed to sustain an impressive dividend payout of 43.2 percent.
Negative Signs for the Company:
- Over the last three years, the company's equity yield has been lower, at 11.4%.
- The company's debtor count is high, at 195 days.
Conclusion
This article provides a comprehensive guide to Railtel Corporation of India Ltd Share.
These data and projections are based on our analysis, research, company fundamentals and history, past experiences, and numerous technical analyses.
We also discussed the share's future prospects and possibilities for growth.
Hopefully, this information will assist you in your future investments.
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Disclaimer: Dear readers, we would like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and should not be considered financial advice or stock recommendations. Additionally, the share price predictions are completely for reference purposes and will only be valid when there are positive signs on the market. Any uncertainty about the company's future or the