WEBSITE BSE:541556 NSE: RITES Inc. Year: 1974 Industry: Engineering Consultancy
Last updated: 11:14
RITES Ltd, collectively with its subsidiaries, offers consultancy, engineering, and project management services in the field of railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable electricity. The business enterprise operates through four segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and spares; and Turnkey Construction Projects. It is involved within the survey and feasibility research, unique design and engineering, project control...Read More
RITES Ltd, collectively with its subsidiaries, offers consultancy, engineering, and project management services in the field of railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable electricity. The business enterprise operates through four segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and spares; and Turnkey Construction Projects. It is involved within the survey and feasibility research, unique design and engineering, project control consultancy, third party inspection, quality warranty, production supervision, leasing and export of locomotives and rolling stock, and electricity control activities; and operation, upkeep, and rehabilitation of locomotives and rolling stock. The organisation also constructs railway infrastructure; undertakes electrification works and modernization of railway workshops on a turnkey foundation, and civil production works; and generates electricity from wind generators and solar plants. In addition, it gives services inside the area of structure and planning, bridges and tunnel engineering, environmental/city engineering, electric engineering, financial control, geo-technology, industrial engineering, records generation, substances system management, privatization and concession tasks, railway electrification, rolling inventory design, signal and telecommunication, surveys, and schooling applications. The company serves governments, public quarter undertakings, corporations and business institutions, personal enterprises, and other Apex organizations in India, Asia, Africa, and the United States. RITES Ltd incorporated in 1974 and is primarily based in Gurugram, India. ...Read Less
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Market Cap ₹10941 Cr.
Stock P/E 25.8
P/B 4
Current Price ₹227.7
Book Value ₹ 57.1
Face Value 10
52W High ₹316.2
Dividend Yield 3.32%
52W Low ₹ 192.3
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 582 | 683 | 643 | 486 | 541 | 576 | 615 | 490 | 549 | 609 |
| Other Income | 26 | 17 | 24 | 22 | 21 | 38 | 24 | 22 | 30 | 26 |
| Total Income | 609 | 700 | 668 | 508 | 562 | 614 | 639 | 512 | 579 | 635 |
| Total Expenditure | 445 | 514 | 467 | 380 | 435 | 458 | 430 | 376 | 419 | 466 |
| Operating Profit | 164 | 186 | 200 | 128 | 128 | 156 | 209 | 136 | 160 | 168 |
| Interest | 1 | 2 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 14 | 15 | 16 | 14 | 15 | 16 | 17 | 15 | 17 | 17 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 149 | 169 | 184 | 113 | 110 | 139 | 191 | 119 | 142 | 151 |
| Provision for Tax | 40 | 42 | 50 | 25 | 29 | 35 | 53 | 31 | 37 | 39 |
| Profit After Tax | 109 | 127 | 134 | 88 | 81 | 104 | 138 | 89 | 105 | 112 |
| Adjustments | -8 | -7 | -8 | -9 | -8 | -4 | -5 | -8 | -7 | -10 |
| Profit After Adjustments | 101 | 120 | 126 | 79 | 73 | 100 | 133 | 80 | 98 | 102 |
| Adjusted Earnings Per Share | 2.1 | 2.5 | 2.6 | 1.6 | 1.5 | 2.1 | 2.8 | 1.7 | 2 | 2.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1017 | 1102 | 1351 | 1497 | 2047 | 2474 | 1905 | 2662 | 2628 | 2453 | 2218 | 2263 |
| Other Income | 154 | 192 | 210 | 154 | 193 | 261 | 100 | 83 | 102 | 86 | 106 | 102 |
| Total Income | 1171 | 1294 | 1561 | 1651 | 2241 | 2735 | 2005 | 2745 | 2730 | 2539 | 2324 | 2365 |
| Total Expenditure | 689 | 737 | 993 | 1080 | 1471 | 1814 | 1356 | 1938 | 1883 | 1809 | 1703 | 1691 |
| Operating Profit | 481 | 557 | 568 | 571 | 769 | 921 | 649 | 807 | 847 | 730 | 621 | 673 |
| Interest | 2 | 1 | 14 | 13 | 9 | 7 | 6 | 7 | 7 | 5 | 6 | 4 |
| Depreciation | 27 | 35 | 38 | 36 | 38 | 47 | 52 | 66 | 67 | 61 | 62 | 66 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 453 | 518 | 505 | 519 | 730 | 874 | 593 | 735 | 774 | 670 | 565 | 603 |
| Provision for Tax | 150 | 178 | 167 | 162 | 240 | 241 | 148 | 197 | 203 | 175 | 141 | 160 |
| Profit After Tax | 303 | 340 | 337 | 357 | 490 | 633 | 444 | 539 | 571 | 495 | 424 | 444 |
| Adjustments | -0 | -2 | -9 | -14 | -20 | -17 | -12 | -22 | -29 | -40 | -39 | -30 |
| Profit After Adjustments | 303 | 338 | 328 | 342 | 470 | 616 | 432 | 516 | 542 | 455 | 385 | 413 |
| Adjusted Earnings Per Share | 6.1 | 6.8 | 6.6 | 6.8 | 9.4 | 12.3 | 9 | 10.7 | 11.3 | 9.5 | 8 | 8.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -10% | -6% | -2% | 8% |
| Operating Profit CAGR | -15% | -8% | -8% | 3% |
| PAT CAGR | -14% | -8% | -8% | 3% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -0% | 11% | 12% | NA% |
| ROE Average | 16% | 19% | 19% | 20% |
| ROCE Average | 22% | 26% | 26% | 28% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1629 | 1883 | 2038 | 2214 | 2422 | 2633 | 2392 | 2489 | 2604 | 2609 | 2640 |
| Minority's Interest | 15 | 26 | 44 | 57 | 72 | 81 | 88 | 106 | 115 | 112 | 109 |
| Borrowings | 22 | 111 | 76 | 48 | 40 | 33 | 25 | 17 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 150 | 162 | 200 | 215 | 116 | 251 | 207 | 166 | 268 | 177 | 160 |
| Total Current Liabilities | 1852 | 2206 | 2413 | 2584 | 2705 | 2908 | 3095 | 3013 | 2954 | 2737 | 3189 |
| Total Liabilities | 3668 | 4388 | 4771 | 5117 | 5354 | 5906 | 5806 | 5791 | 5941 | 5635 | 6099 |
| Fixed Assets | 221 | 419 | 405 | 401 | 477 | 590 | 584 | 560 | 552 | 535 | 596 |
| Other Non-Current Assets | 668 | 518 | 534 | 400 | 331 | 297 | 412 | 569 | 557 | 589 | 616 |
| Total Current Assets | 2778 | 3452 | 3832 | 4316 | 4546 | 5018 | 4810 | 4662 | 4832 | 4511 | 4887 |
| Total Assets | 3668 | 4388 | 4771 | 5117 | 5354 | 5906 | 5806 | 5791 | 5941 | 5635 | 6099 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 286 | 444 | 429 | 406 | 145 | 169 | 117 | 813 | 809 | 1048 | 661 |
| Cash Flow from Operating Activities | -94 | 463 | 555 | 410 | 164 | 317 | 516 | 310 | 560 | 432 | 637 |
| Cash Flow from Investing Activities | 291 | -570 | -58 | -459 | 137 | 38 | 184 | 53 | -15 | 11 | -219 |
| Cash Flow from Financing Activities | -38 | 38 | -215 | -217 | -279 | -419 | -708 | -440 | -483 | -504 | -405 |
| Net Cash Inflow / Outflow | 159 | -68 | 282 | -267 | 22 | -64 | -9 | -78 | 62 | -61 | 13 |
| Closing Cash & Cash Equivalent | 450 | 426 | 713 | 145 | 169 | 117 | 119 | 809 | 1048 | 661 | 688 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.07 | 6.78 | 6.57 | 6.85 | 9.39 | 12.32 | 9 | 10.74 | 11.28 | 9.48 | 8.01 |
| CEPS(Rs) | 6.61 | 7.52 | 7.51 | 7.86 | 10.56 | 13.61 | 10.32 | 12.57 | 13.27 | 11.57 | 10.11 |
| DPS(Rs) | 1.24 | 2.73 | 2.66 | 2.2 | 5.1 | 8 | 6.5 | 8.5 | 10.25 | 9 | 7.55 |
| Book NAV/Share(Rs) | 32.65 | 37.76 | 40.76 | 44.27 | 48.44 | 52.67 | 49.77 | 51.78 | 54.18 | 54.29 | 54.93 |
| Core EBITDA Margin(%) | 32.19 | 33.09 | 26.5 | 24.93 | 25.15 | 23.97 | 25.31 | 24.78 | 24.82 | 22.62 | 19.95 |
| EBIT Margin(%) | 44.74 | 47.13 | 38.35 | 31.81 | 32.27 | 31.99 | 27.57 | 25.42 | 26.02 | 23.71 | 22.11 |
| Pre Tax Margin(%) | 44.58 | 47.02 | 37.34 | 31 | 31.87 | 31.72 | 27.29 | 25.17 | 25.79 | 23.54 | 21.89 |
| PAT Margin (%) | 29.81 | 30.89 | 24.94 | 21.32 | 21.38 | 22.98 | 20.46 | 18.44 | 19.03 | 17.39 | 16.41 |
| Cash Profit Margin (%) | 32.42 | 34.04 | 27.78 | 23.49 | 23.06 | 24.69 | 22.84 | 20.69 | 21.25 | 19.52 | 18.82 |
| ROA(%) | 8.25 | 8.45 | 7.36 | 7.21 | 9.35 | 11.25 | 7.59 | 9.29 | 9.73 | 8.56 | 7.22 |
| ROE(%) | 20.01 | 19.38 | 17.19 | 16.77 | 21.13 | 25.05 | 17.68 | 22.07 | 22.42 | 19 | 16.14 |
| ROCE(%) | 28.4 | 27.87 | 25.13 | 24.24 | 31.2 | 34.29 | 23.48 | 30.07 | 30.52 | 25.9 | 21.75 |
| Receivable days | 121.74 | 149.28 | 134.45 | 101.37 | 85.83 | 96.23 | 120.02 | 82.76 | 100.16 | 115.79 | 115.94 |
| Inventory Days | 18.62 | 9.37 | 8.35 | 6.52 | 9.11 | 7.65 | 24.95 | 25.3 | 9.1 | 2.3 | 5.87 |
| Payable days | 532.14 | 260.55 | 117.5 | 178.98 | 397.22 | 177.75 | 1471.99 | 138.57 | 470.74 | 1557.04 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 11.03 | 9.98 | 13.37 | 12.23 | 15.72 | 35.05 | 27.91 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 2.14 | 2.34 | 2.42 | 2.54 | 3.27 | 6.12 | 4.07 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 4.92 | 6.51 | 5.4 | 6.47 | 5.78 | 2.71 | 3.38 |
| EV/Net Sales(x) | -1.84 | -2.12 | -1.93 | -2.23 | 0.84 | 1.04 | 1.29 | 1.14 | 1.93 | 5.23 | 3.32 |
| EV/Core EBITDA(x) | -3.88 | -4.19 | -4.58 | -5.86 | 2.24 | 2.8 | 3.79 | 3.77 | 5.99 | 17.56 | 11.86 |
| Net Sales Growth(%) | -7.28 | 8.38 | 22.65 | 10.8 | 36.73 | 20.85 | -23 | 39.71 | -1.26 | -6.67 | -9.58 |
| EBIT Growth(%) | 18.48 | 14.17 | -0.19 | 2.66 | 38.92 | 19.28 | -32.11 | 24.02 | 5.2 | -13.56 | -15.44 |
| PAT Growth(%) | 16.6 | 12.29 | -0.95 | 5.78 | 37.35 | 29.3 | -29.85 | 21.24 | 6.01 | -13.27 | -14.45 |
| EPS Growth(%) | 16.51 | 11.69 | -3.2 | 4.29 | 37.09 | 31.22 | -26.99 | 19.42 | 4.97 | -15.98 | -15.5 |
| Debt/Equity(x) | 0.06 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Current Ratio(x) | 1.5 | 1.56 | 1.59 | 1.67 | 1.68 | 1.73 | 1.55 | 1.55 | 1.64 | 1.65 | 1.53 |
| Quick Ratio(x) | 1.5 | 1.56 | 1.59 | 1.67 | 1.64 | 1.72 | 1.46 | 1.51 | 1.63 | 1.65 | 1.51 |
| Interest Cover(x) | 280.78 | 440.08 | 37.86 | 39.47 | 80.87 | 120.28 | 99.27 | 102.39 | 111.09 | 143.33 | 98.42 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 | 72.2 |
| FII | 3.98 | 3.21 | 4.18 | 3.5 | 3.19 | 3.34 | 3.33 | 3.47 | 3.52 | 3.46 |
| DII | 12.72 | 12.28 | 11.09 | 10.78 | 9.64 | 8.83 | 8.67 | 8.64 | 8.66 | 8.64 |
| Public | 11.1 | 12.31 | 12.53 | 13.51 | 14.97 | 15.63 | 15.8 | 15.69 | 15.62 | 15.7 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 17.35 | 17.35 | 17.35 | 17.35 | 34.7 | 34.7 | 34.7 | 34.7 | 34.7 | 34.7 |
| FII | 0.96 | 0.77 | 1 | 0.84 | 1.53 | 1.61 | 1.6 | 1.67 | 1.69 | 1.66 |
| DII | 3.06 | 2.95 | 2.67 | 2.59 | 4.63 | 4.24 | 4.16 | 4.15 | 4.16 | 4.15 |
| Public | 2.67 | 2.96 | 3.01 | 3.25 | 7.19 | 7.51 | 7.59 | 7.54 | 7.51 | 7.54 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 24.03 | 24.03 | 24.03 | 24.03 | 48.06 | 48.06 | 48.06 | 48.06 | 48.06 | 48.06 |
* The pros and cons are machine generated.
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