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RAILTEL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.8

Stock Code RAILTEL Market Cap 10,646 Cr. Current Price 332 ₹ High / Low 479 ₹
Stock P/E 32.9 Book Value 65.8 ₹ Dividend Yield 0.86 % ROCE 21.8 %
ROE 16.5 % Face Value 10.0 ₹ DMA 50 348 ₹ DMA 200 362 ₹
Chg in FII Hold 0.14 % Chg in DII Hold 0.06 % PAT Qtr 87.4 Cr. PAT Prev Qtr 63.6 Cr.
RSI 44.0 MACD -3.34 Volume 45,85,366 Avg Vol 1Wk 22,69,639
Low price 265 ₹ High price 479 ₹ PEG Ratio 1.46 Debt to equity 0.03
52w Index 31.2 % Qtr Profit Var 5.40 % EPS 9.99 ₹ Industry PE 21.4

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT at ₹87.4 Cr, up from ₹63.6 Cr, showing sequential growth. EPS at ₹9.99 indicates moderate earnings power.
  • Margins: ROE at 16.5% and ROCE at 21.8% reflect strong efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.03 shows negligible leverage, enhancing financial stability.
  • Cash Flows: Debt-free structure supports healthy cash flows and operational resilience.

💹 Valuation Indicators

  • P/E Ratio: 32.9, higher than industry average of 21.4, suggesting premium valuation.
  • P/B Ratio: Current price ₹332 vs. book value ₹65.8 → ~5.0x, expensive relative to assets.
  • PEG Ratio: 1.46, reasonable, showing growth-adjusted valuation is balanced.
  • Intrinsic Value: Current valuation appears stretched, offering limited margin of safety.

🏢 Business Model & Competitive Advantage

  • RailTel Corporation operates in telecom and broadband services, leveraging railway infrastructure.
  • Competitive advantage lies in government backing, pan-India optical fiber network, and niche positioning in railway telecom services.
  • Business model benefits from digital infrastructure expansion and government connectivity initiatives.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹300 – ₹315, closer to DMA200 and support levels.
  • Long-Term Holding: Suitable for investors seeking exposure to digital infrastructure growth, though current valuation is slightly expensive. Best to accumulate on dips.

✅ Positive

  • Strong ROCE (21.8%) and ROE (16.5%).
  • Debt-free balance sheet ensures financial resilience.
  • Sequential PAT growth from ₹63.6 Cr to ₹87.4 Cr.

⚠️ Limitation

  • P/E ratio of 32.9 is expensive compared to industry average.
  • P/B ratio of ~5.0x indicates stretched valuation.
  • Dividend yield of 0.86% is modest.

📉 Company Negative News

  • Valuation premium may limit near-term upside.
  • Stock trading below DMA200 indicates weak momentum.

📈 Company Positive News

  • Quarterly profit variation of 5.40% YoY highlights growth momentum.
  • FII holding increased (+0.14%) and DII holding increased (+0.06%), showing institutional confidence.
  • Strong 52-week performance with 31.2% gain.

🏭 Industry

  • Telecom and digital infrastructure sector trades at industry PE of 21.4, lower than RailTel’s 32.9, showing premium valuation.
  • Sector growth supported by government digital initiatives and rising broadband demand.

🔎 Conclusion

  • RailTel is financially strong with solid return ratios and negligible debt.
  • Valuation is stretched, limiting near-term upside, but long-term prospects remain positive given digital infrastructure growth.
  • Best suited for long-term investors with entry around ₹300 – ₹315 offering a reasonable margin of safety.

I can also prepare a comparative HTML snapshot of RailTel versus BSNL or MTNL to highlight differences in valuation, profitability, and growth prospects in the telecom infrastructure space.

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