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HomeSHARE MARKETRailway Share Got Huge 130 Crore Second Big Order; Share Is Ready...

Railway Share Got Huge 130 Crore Second Big Order; Share Is Ready To Double?

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Railtel Corporation of India Ltd (NSE: RAILTEL): RailTel Corporation of India received an order from the Bihar Education Project Council. This information was shared with the stock exchange on Saturday.

The company has now received a second project in the last week. The company received the order from the Odisha Computer Application Center after the market closed on March 14 itself. 

The effect of this new order received by the company can be seen on the stock in the next session. In the last session, there was a rise in the stock and amidst the fall in the market, the stock closed with a gain of more than 3 percent.

What Information Has The Company Given?

On Saturday, the company informed that it had received the order from the State Project Director Bihar Education Project Council. This order is worth Rs 130.6 crore.

The order is related to the supply of teaching-learning material. This order must be completed as per condition by June 13, 2024.

On March 14, the company announced that it received an order for Rs 113.46 Crore from the Odisha Computer Application Centre. 

Under the order, the company has to establish network connectivity under Odisha Net Phase 1. The company has to complete this order by 13 September 2025.

How Was The Stock’s Performance?

The company received the order from Odisha after the market closed on March 14. After which a sharp rise was seen in the stock on March 15. 

On Friday, the stock closed at Rs 350.7 with a gain of 3.4 percent. The stock is a multibagger stock and in the last year, investors have got a return of 227 percent. 

However, there has been a sharp decline in it in the last few days. Even after Friday’s gain, the one-week return of the stock is negative 17 percent.

About Railtel Corporation of India Ltd 

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 the 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₹ 11,257 Cr.
Current Price₹ 351
52-wk High₹ 491 
52-wk Low₹ 96.2
Stock P/E51.8
Book Value₹ 53.7
Dividend0.73 %
ROCE16.0 %
ROE12.0 %
Face Value₹ 10.0
P/B Value6.53
OPM16.7 %
EPS₹ 7.61
Debt₹ 48.0 Cr.
Debt to Equity0.03

Railtel Corporation of India 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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