Rs 5,100 crore order book: This multibagger railways telecom company receives new order worth Rs 29,90,00,000 from Government of Madhya Pradesh!
The stock gave multibagger returns of 216.7 per cent from its 52-week low of Rs 96.20 per share.
RailTel Corporation of India Ltd informed that the company has received the work order from the Directorate of Geology and Mining, Government of Madhya Pradesh for the implementation of an AI-based smart enforcement system to curb the illegal transportation of minerals with 3 years of operation and maintenance. The total contract value for 3 years is Rs. 25.30 crore (excluding GST). Including GST, the contract value is Rs 29,90,00,000.
Earlier, the company received the work order from Gujarat Informatics Limited for the supply, installation, operations and maintenance of state-wide surveillance and ITMS project across the state of Gujarat under the flagship program called “Video Integration and State Wide Advance Security-VISWAS”- Phase-II. The estimated revenue for 5 years is Rs 52,87,31,778.
On Monday, shares of RailTel Corporation of India Ltd gained 2.56 per cent to an intraday high of Rs 304.65 per share. At the closing bell, shares of the company were trading at Rs 301.05 per share, up 1.35 per cent. The stock gave multibagger returns of 216.7 per cent from its 52-week low of Rs 96.20 per share.
RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks, to modernize the train control operation and safety system of Indian Railways. In the fiscal year 2022-2023, the company reduced its debt, and as of right now, its total debt is only about Rs 41.8 crore. The company’s market cap of over Rs 9,600 crore and has been maintaining a healthy dividend payout of 43.2 per cent.
According to Quarterly Results, the net sales increased by 24.08 per cent to Rs 467.18 crore and net profit increased by 48.51 per cent to Rs 38.39 crore in Q2FY24 compared to Q2FY23. As of September 30, 2023, the company has a healthy order book of over Rs 5,100 crore. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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