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HomeSHARE MARKET₹358 Railway Share Target ₹470; Company Got Huge Order From Government Education...

₹358 Railway Share Target ₹470; Company Got Huge Order From Government Education Department

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Mini Ratna Railway PSU: Railtel Corporation of India Ltd (NSE: RAILTEL) received a large order from the Bihar Government on Thursday (21st March). After the news of the order, there was a rise in the stock of RailTel. 

The stock jumped more than 2 percent. In the last year, it has given a 250 percent return to investors in shares. 

RailTel informed the stock exchange that it had received an order for Rs 99 crores worth of goods from the Bihar Education Project Council. BEPC is a separate body of the Education Department of Bihar.

Railtel, a Miniratna PSU, announced on the stock exchange that it had received a BEPC work order for the supply and learning material for grades 6-12.

This order is covered by a rate agreement. The order totals Rs 99 crore (including tax).

Railtel Returned 250% In Just One Year

RailTel has delivered a bumper return to investors this year. This Miniratna PSU returned more than 250% in the last year.

The stock price increased more than 70% in the last six-month period. The closing price for the shares on March 21, 2024, was Rs. 358. The stock hit a 52-week high of Rs 491.15 on February  2024. The share may go upto Rs 470 in future.

The 52-week lowest is 96.20. The company’s market capitalization on BSE exceeds Rs 11,483 crore.

About Railtel Corporation of India Ltd Company 

RailTel Corporation of India Ltd., a Public Sector Enterprise, is under the Ministry of Railways of the Government of India. 

It is a provider of ICT and one the largest neutral telecoms infrastructure providers in India. It was founded on September 26, 2000. 

RailTel, also known as “Mini Ratna (Category-I)” Central Public Sector Enterprise is among the biggest non-neutral broadband infrastructure companies in India.

It has a Pan-India optical fiber network that covers various cities and towns & rural areas across the country.

Alongside a reliable network that includes more than 61,000 RKM of Optic fiber that runs along Railway tracks and a 21000 km citywide access network, RailTel boasts two tier III data centers, & a MeitY cloud that is also empaneled.

In addition, they are involved in several reputable government projects, like, the National Knowledge Network executed by NIC, the Universal Service Obligation project in the North East, and with National Optical Fiber Network. 

Its network spans over 61,000+ kilometers of route and 6,108+ stations in India. Its goal is to modernize and improve the existing system of train control, operation, and safety. 

Fundamental Analysis of Railtel Corporation of India Ltd

Market Cap₹ 11,583 Cr.
Current Price₹ 358
52-wk High₹ 491 
52-wk Low₹ 96.2
Stock P/E53.3
Book Value₹ 53.7
Dividend0.73 %
ROCE16.0 %
ROE12.0 %
Face Value₹ 10.0
P/B Value6.68
OPM16.7 %
EPS₹ 7.61
Debt₹ 48.0 Cr.
Debt to Equity0.03

Railtel Corporation of India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 467₹ 523
2025₹ 543₹ 598
2026₹ 632₹ 675
2027₹ 700₹ 723
2028₹ 732₹ 775
2029₹ 800₹ 843
2030₹ 934₹ 1100
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Railtel Corporation of India Ltd Shareholding Pattern

Promoters Holding
Dec 202272.84%
Mar 202372.84%
June 202372.84%
Sept 202372.84%
Dec 202372.84%
FII Holding
Dec 20221.03%
Mar 20231.05%
June 20231.32%
Sept 20231.46%
Dec 20231.45%
DII Holding
Dec 20224.19%
Mar 20234.12%
June 20232.20%
Sept 20233.54%
Dec 20233.39%
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Public Holding
Dec 202221.94%
Mar 202321.97%
June 202323.64%
Sept 202322.14%
Dec 202322.31%

Railtel Corporation of India Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 986 Cr
2020₹ 1,081 Cr
2021₹ 1,337 Cr
2022₹ 1,522 Cr
2023₹ 2,436 Cr

Last 5 Years’ Net Profit:

2019₹ 110 Cr
2020₹ 138 Cr
2021₹ 140 Cr
2022₹ 208 Cr
2023₹ 244 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:
5 Years:4%
3 Years:3%
Current Year:39%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:12%
3 Years:11%
Last Year:12%

Sales Growth Over 10 Years:

10 Years:
5 Years:15%
3 Years:22%
Current Year:43%

Conclusion

This article is a complete guide about Railtel Corporation of India Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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