Low PE stock below Rs 150: This small-cap company receives orders worth Rs 115.05 crore!

In the fiscal year 2022-2023, the company reduced its debt and as of right now, its total debt is only about Rs 30 crore.   

On Wednesday, shares of RailTel Corporation of India Ltd rose by 2.96 per cent to Rs 108 per share from its previous closing of Rs 104.90. The stock has a 52-week high of Rs 148.70 and a 52-week low of Rs 84.  

RailTel informed the exchanges (BSE Script Code: 543265; NSE Script Code: RAILTEL) has received the following work orders worth Rs 115.05 crore:  

Order No-1: From Bihar State Electronics Development Corporation Ltd. (a Govt. of Bihar Undertaking) for implementation and management of electronic knowledge network in Academic/Administrative buildings of Government Engineering Colleges and Polytechnic Institutes under Department of Science & Technology, Govt. of Bihar. The total value of the work for the RailTel part is Rs. 76.10 crore (inclusive of GST).  

Order No-2: From National Informatics Centre Services Incorporated (a Govt. of India Enterprise under NIC) for Installation, Testing and commissioning of 4 Mbps Lease line connectivity for 19 sites amounting to Rs. 38.95 crore (including taxes).  

RailTel was incorporated in 2000, to create nationwide broadband and VPN services, telecom and multimedia network, to modernize the train control operation and safety system of Indian Railways.  

Talking about the financials, the company reported positive results in its quarterly and annual financial statements. In the fiscal year 2022-2023, the company reduced its debt and as of right now, its total debt is only about Rs 30 crore.   

The company has provided a healthy dividend pay-out in the current fiscal year with a dividend yield of 2.50 per cent. The firm has a PE of 20.12x whereas the sectoral PE is 41.6x. Investors should keep an eye on this Small-Cap PSU stock.