Rs 5,280 Crore Order Book: Multibagger Navratna PSU Stock Jumps Over 5 Per Cent on May 16, 2025
The stock is up 44.5 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of over 300 per cent in 3 years.
On Friday, shares of RailTel Corporation of India Ltd (RCIL) jumped over 5 per cent to Rs 392.85 per share from its previous closing of Rs 362 per share. The stock’s 52-week high is Rs 618 and its 52-week low of Rs 265.30.
Established in 2000, RailTel Corporation of India Ltd (RCIL) is a "Navratna" public sector enterprise under the Indian government, offering diverse telecom services including broadband, VPN, and data centres. With its extensive network spanning over 6,000 stations and 61,000+ km of fibre optic cables, RailTel reaches 70 per cent of India's population. This achievement has led to the prestigious "Navratna" status conferred by the Department of Public Enterprises, Ministry of Finance. This recognition underscores RailTel's substantial contributions to the Indian economy and its position as a leading force in telecommunications and information technology. The "Navratna" status empowers RailTel with greater autonomy, financial flexibility, and the capacity for larger investments, propelling it towards innovation and sustained growth. The company has a market cap of over Rs 12,000 crore.
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RailTel Corporation of India Ltd. (RCIL) has been awarded a domestic work order worth Rs 90,08,49,783 (including tax) by The Institute of Road Transport. This project involves the design, development, supply, implementation, operations, and maintenance of an Enterprise Resource Planning (ERP) system for three state transport corporations: MTC Ltd., Chennai, TNSTC-Coimbatore, and TNSTC-Madurai. The ERP system is scheduled for completion by October 18, 2026. Additionally, RailTel and NBCC have established a five-year strategic alliance through an MoU to collaboratively develop Data Centre projects in India and internationally.
Quarterly Results: The net sales increased by 15 per cent to Rs 767.62 crore and the net profit increased by 5 per cent to Rs 65.05 crore in Q3FY25 compared to Q3FY24.
Nine-Month Results: The net sales increased by 24 per cent to Rs 2,169.22 crore and the net profit increased by 10 per cent to Rs 186.36 crore in 9MFY25 compared to 9MFY24.
As of December 31, 2024, the company’s order book stands at Rs 5,280 crore wherein Government Nomination Contribution is 22.4 per cent, Tender Contribution is 75.7 per cent and Private Contribution is 1.9 per cent. The stock is up 44.5 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of over 300 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.