Operates a telecom services and project execution business serving Indian Railways, central and state government bodies, PSUs, law enforcement agencies and civic bodies. Telecom Services generated INR 1,500.69 crore in FY26 (35.1% of segment revenue) at an EBIT of INR 400.25 crore, covering data centre services, network connectivity, video surveillance, and Aadhaar-based biometric authentication for clients including Standard Chartered; data centre revenue specifically was INR 202 crore, up 59% YoY, with capacity rising from ~3 MW currently to 5 MW by May 2027. Project Work Services generated INR 2,776.79 crore (64.9% of segment revenue) at an EBIT of INR 109.47 crore, executing turnkey orders such as MPLS VPN networks for Coal India subsidiaries, railway signaling works for North Central Railway, the DigiThane citizen engagement platform, and cyber-forensic staffing for Odisha police, with margins targeted at 4-5%. The combined order book stood at INR 11,466 crore as of April 30, 2026, with railway projects down to ~21% of the book. FY27 capex is guided at INR 300 crore, predominantly for data centre and telecom network build-out. The cost base is dominated by other operating expenses at 80.1% of revenue, with employee cost at 5% and depreciation at 4.4%, reflecting spend on network infrastructure and project sub-contracting. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Project Work Services (65%), Telecom Services (35%). Dual-segment: high-margin recurring telecom services (data centre, connectivity, authentication) alongside low-margin order-driven project execution
| ₹ crore · consolidated | FY21 | FY22 | FY23 |
|---|---|---|---|
| Revenue | 1,378 | 1,548 | 1,964 |
| EBITDA (ex other income) | 327 | 367 | 376 |
| margin % | 23.7 | 23.7 | 19.2 |
| Owners' profit | 142 | 209 | 189 |
| EPS, as reported (₹) | 4.44 | 6.51 | 5.89 |
| ROE % · ROCE % | 10.1 · 12.7 | 13.7 · 17.1 | 11.5 · 14.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | 349 | 264 | 230 |
| Capex | (80) | (116) | (177) |
| ₹ crore | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 358 | 418 | 466 | 377 | 429 | 454 | 704 | 468 |
| Profit before tax | 91 | 88 | 74 | 35 | 74 | 43 | 103 | 51 |
| Net profit | 68 | 66 | 54 | 26 | 55 | 32 | 76 | 38 |
| EPS (₹) | 2.10 | 2.06 | 1.69 | 0.81 | 1.72 | 1.00 | 2.37 | 1.20 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Project Work Services | 794 | 40.4 |
| Telecom Services | 1,169 | 59.6 |
| Total, before eliminations | 1,964 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RAILTEL CORP OF IND LTD ◆ | 8,377 | 41.5 | 5.08 | 19.7 | 11.5 | 13.9 | — | 19.1 |
| ROUTE MOBILE LIMITED | 3,109 | 12.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · RailTel shares profile of statutory auditors appointed by C and AG | management changes | medium | — | — |
| 9 Sept 2026 · CAG appoints statutory auditors for RailTel for FY2026-27 | management changes | medium | — | — |
| 3 Sept 2026 · RailTel loses Rs 20.35 cr order from Himachal Pradesh education dept | business updates | high | — | — |
| 28 Aug 2026 · RailTel Board requests waiver of NSE fine for SEBI LODR non-compliance | regulatory legal | high | — | — |
| 27 Aug 2026 · RailTel gets partial arbitration award in RISL dispute; net Rs 8 Cr in its favor | regulatory legal | high | — | — |
| 27 Aug 2026 · NSE and BSE fine RailTel Rs 18 lakh for board composition non-compliance | regulatory legal | medium | — | — |
| 27 Aug 2026 · Cloud Hosting Order from Cotton Corp worth Rs 38.59 Cr | business updates | high | — | — |
| 27 Aug 2026 · RailTel secures Rs 38.59 crore cloud data center order from Cotton Corp | business updates | high | — | — |
| 21 Aug 2026 · 26th AGM results: all resolutions passed, final dividend confirmed | board shareholder meetings | low | — | — |
| 20 Aug 2026 · 26th AGM proceedings - final dividend, director appointments | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 1.10 |
| 4.9 |
| 9.1 |
| 12.2 |
| 25.7 |
| 10.1 |
| GTL LTD | 114 | 0.1 | — | 3.3 | (4.7) | 0.2 | — | 934.3 |
| STEELMAN TELECOM LIMITED | 70 | 14.4 | — | — | — | (21.5) | — | — |
| NETTLINX LTD. | 24 | 3.5 | 0.40 | — | (8.5) | (8.3) | (9.9) | 22.3 |
| UNIINFO TELECOM SERVI LTD | 12 | — | 0.37 | — | (3.8) | (4.4) | — | 5.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 41.5 | 12.6 | 13 of 17 | 25% |
| P/B | 5.1 | 3.4 | 8 of 12 | 36% |
| ROCE | 13.9 | 10.1 | 7 of 20 | 68% |
| ROE | 11.5 | 9.1 | 8 of 19 | 61% |
| Debt / Equity | 0.0 | 0.0 | 8 of 19 | 56% |
| EBITDA margin | 19.1 | 23.3 | 14 of 19 | 28% |
| Revenue growth | 24.1 | 6.1 | 5 of 20 | 79% |
| Profit growth | 48.5 | 45.9 | 9 of 18 | 53% |
| Market cap | 8377 | 3129 | 7 of 20 | 68% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
