Broker Examine
February 15, 2021 / 05: 38 PM IST
Geojit IPO yarn on Railtel company of india
RailTel Company of India Ltd. (RCIL) is an info and communications technology (ICT) infrastructure supplier and one of many largest neutral telecom infrastructure companies in India. A neutral telecom infra supplier is a third birthday party who has diminutive or no fragment in providing Net provider to the finish-person but permits interconnection between a entire lot of telecommunication carriers (esteem Airtel, Reliance Jio). Incorporated in 2000, it is miles a Mini Ratna (Class-I) Central Public Sector Venture, wholly-owned by the Executive of India and below the government alter of the Ministry of Railways. RailTel undertakes a variety of ICT initiatives for the Indian Railways, central government and divulge governments.
Valuation and Outlook
On the upper tag band of Rs.94, RailTel is available at a P/E of 21.4x on FY20 basis, which appears to be like to be completely priced. Pondering, increasing info utilization, GoI’s digital India initiatives and extra diversification plans of RailTel, we assign a Subscribe ranking for the utter.
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