Low PE stock below Rs 150: This small-cap company receives order worth Rs 34.91 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 Thursday, shares of RailTel Corporation of India Ltd rose by 0.55 per cent to Rs 102.85 per share from its previous closing of Rs 102.40. 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) that it has received the work order from Madhya Pradesh State Electronics Development Corporation for the expansion of the State Data Center (SOC) and establishment of disaster recovery (DR) Centre with 5 years maintenance amounting to Rs 34.91 crore (excluding taxes). 

RailTel was incorporated in 2000, with the objective of creating 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 full annual consolidated financial statements. In FY22, net sales rose by 12.38 per cent and net profit skyrocketed to 46.68 per cent compared to FY21. 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 2.34 per cent. With a market valuation of Rs 3,293 crore, the firm has a PE of 19.81x whereas the sectoral PE is 41.6x. Investors should keep an eye on this Small-Cap PSU stock.