Railtel Corporation Of India (RAILTEL) had a P/E of 22.8× on 6 Nov 2026, above the industry P/E of 18.5×, and the shares are 38% below their 52-week high. Sales and net profit grew 30% and 23% a year over 3 years, with ROCE of 19% and ROE of 15%. It carries very little debt, and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹7,736 Cr, ranked 7th of 20 Telecom Services companies by market cap; the shares fell 34% over the past year.
- ₹238.35
- ₹242.50
- ₹236.24
- ₹241.43
- 4.4 L
Health check
- ReturnsBehind
−33.7% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 22.8 vs industry 18.5.
- GrowthStrong
Sales +29.8%, profit +22.5% a year over 3 years.
- ProfitabilityAverage
ROCE 18.7% vs peer median 17.5%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
38% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,736 Cr
- Small cap
- P/E
- 22.8
- Industry 18.5
- Price to book
- 3.27
- Peers 2.56
- Dividend yield
- 1.35%
- ROE
- 15.1%
- Peers 20.2%
- ROCE
- 18.7%
- Peers 17.5%
- Debt to equity
- 0.03
- Debt ₹60 Cr
- EPS (TTM)
- ₹10.55
- Face value ₹10
- OPM (TTM)
- 14.6%
- Net margin 7.3%
- Sales growth
- +20.5%
- Latest quarter vs a year ago
- Profit growth
- −9.7%
- Latest quarter vs a year ago
- Price to sales
- 1.67
- EV/EBITDA 11.3
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 20.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 38% below its 52-week high.
About Railtel Corporation Of India
RailTel Corporation of India Limited provides broadband telecom and multimedia network services in India, Jamaica, and Trinidad and Tobago. It operates through Telecom Services and Project Work Services segments. The company offers telecom services, such as managed data services, leased lines, virtual private networks, internet leased lines, data centers, tower collocation, rack and space collocation, and national long distance (NLD) for voice carriage;…
- Headquarters
- New Delhi
- Employees
- 595
- Sector
- Communication Services
- ISIN
- INE0DD101019
- Website
- railtel.in
Price range
- Avg volume (3M)
- 8.7 L
- 1-year return
- minus 33.7%
- From 52-week high
- minus 38.4%
Peers · Telecom Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHARTIARTLBharti Airtel | 2,107.20 | plus 2.45% | 13,15,371 | 41.5 | 12.1 | 16.7% | 57.1% | 1.00 | 14.9% | minus 2.7% |
| IDEAVodafone Idea | 12.76 | minus 1.01% | 1,38,246 | 3.7 | 17.1 | 36.9% | 42.7% | – | 2.1% | plus 37.0% |
| INDUSTOWERIndus Towers | 383.10 | minus 0.03% | 1,01,061 | 14.2 | 6.4 | 18.4% | 54.6% | 0.56 | 4.6% | minus 2.4% |
| BHARTIHEXABharti Hexacom | 1,664.40 | minus 2.01% | 83,220 | 42.3 | 17.3 | 21.1% | 52.9% | 0.86 | 12.4% | minus 9.3% |
| TATACOMMTata Communications | 1,704.80 | minus 0.52% | 48,601 | 44.1 | 12.3 | 15.3% | 19.9% | 3.71 | 11.6% | minus 10.1% |
| TTMLTata Teleservices (Maharashtra) | 39.77 | plus 12.57% | 7,775 | 26.0 | 43.1 | – | 55.0% | – | 1.5% | minus 36.3% |
| RAILTELRailtel Corporation Of India | 241.05 | minus 0.16% | 7,736 | 22.8 | 11.0 | 18.7% | 14.6% | 0.03 | 29.8% | minus 33.7% |
| ROUTEROUTE MOBILE | 451.50 | minus 1.66% | 2,845 | 8.1 | 3.0 | 12.5% | 7.7% | 0.01 | 7.3% | minus 35.5% |
| Median of 7 peers | – | −0.52% | 83,220 | 26.0 | 12.3 | 17.5% | 52.9% | 0.86 | 7.3% | −9.3% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 744 | 913 | 1,669 | 893 | 1,146 | |
| 628 | 780 | 1,436 | 762 | 970 | |
| 116 | 133 | 233 | 132 | 176 | |
| 15.6% | 14.6% | 13.9% | 14.7% | 15.4% | |
| 14.4 | 10.6 | 10.8 | 16.3 | 2.9 | |
| 0.6 | 0.9 | 1.7 | 1 | 1.5 | |
| 43.7 | 48.9 | 49.4 | 50.4 | 53 | |
| 3.4 | −9.2 | −2.5 | −7 | −32.2 | |
| 89.3 | 85 | 190 | 89.4 | 92.3 | |
| 26.0% | 26.6% | 25.4% | 26.5% | 25.7% | |
| 66.1 | 62.4 | 142 | 65.8 | 68.6 | |
| 2.06 | 1.94 | 4.42 | 2.05 | 2.14 |
Profit & loss
- Sales CAGR 3Y
- +29.8%
- Profit CAGR 3Y
- +22.5%
- EPS CAGR 3Y
- +22.5%
- ROE
- 15.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,951 | 2,564 | 3,466 | 4,269 | |
| – | +31.4% | +35.2% | +23.2% | |
| 1,566 | 2,126 | 2,931 | 3,631 | |
| 386 | 438 | 535 | 638 | |
| 19.8% | 17.1% | 15.4% | 14.9% | |
| 40.7 | 57.3 | 67.7 | 51.6 | |
| 10.1 | 13.1 | 1.2 | 9.3 | |
| 154 | 147 | 162 | 189 | |
| −8 | −6.9 | −37.6 | −21.8 | |
| 254 | 328 | 402 | 470 | |
| 25.9% | 25.0% | 25.4% | 26.2% | |
| 188 | 246 | 300 | 346 | |
| – | +30.8% | +21.8% | +15.5% | |
| 5.87 | 7.67 | 9.34 | 10.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 321 | 321 | 321 | 321 | |
| 1,328 | 1,506 | 1,679 | 1,941 | |
| 41.8 | 45.6 | 44.5 | 63.7 | |
| 1,658 | 2,177 | 3,117 | 3,505 | |
| 3,349 | 4,050 | 5,161 | 5,830 | |
| 973 | 1,037 | 1,191 | 1,366 | |
| 157 | 130 | 124 | 135 | |
| 216 | 362 | 77.7 | – | |
| 487 | 644 | 798 | 764 | |
| 1,516 | 1,877 | 2,971 | 3,565 | |
| 3,349 | 4,050 | 5,161 | 5,830 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 284 | 556 | 255 | 316 | |
| −203 | −419 | −82.3 | −77 | |
| −78.5 | −77.4 | −113 | −150 | |
| 2.7 | 59.9 | 60.4 | 89.4 | |
| −176 | −210 | −325 | −272 | |
| 107 | 347 | −69.7 | 44.1 | |
| −69 | −65.8 | −91.5 | −91.5 |
Shareholding pattern
- Promoters72.84%
- Public27.16%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.84% | 27.16% | 0.00 | |
| 30 Jun 2026 | 72.84% | 27.16% | 0.00 | |
| 31 Mar 2026 | 72.84% | 27.16% | 0.00 | |
| 31 Dec 2025 | 72.84% | 27.16% | 0.00 | |
| 30 Sep 2025 | 72.84% | 27.16% | – |
Major shareholders
Filings & events
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