Rites Ltd
Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). [1]
- Market Cap ₹ 12,306 Cr.
- Current Price ₹ 256
- High / Low ₹ 384 / 192
- Stock P/E 32.2
- Book Value ₹ 52.7
- Dividend Yield 2.95 %
- ROCE 20.0 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 99.8%
Cons
- The company has delivered a poor sales growth of -2.68% over past five years.
- Earnings include an other income of Rs.147 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,011 | 1,075 | 1,299 | 1,434 | 1,969 | 2,401 | 1,843 | 2,575 | 2,520 | 2,312 | 2,095 | 2,097 | |
662 | 729 | 985 | 1,067 | 1,452 | 1,798 | 1,337 | 1,923 | 1,864 | 1,786 | 1,685 | 1,681 | |
Operating Profit | 349 | 346 | 315 | 367 | 517 | 602 | 506 | 652 | 655 | 526 | 410 | 416 |
OPM % | 35% | 32% | 24% | 26% | 26% | 25% | 27% | 25% | 26% | 23% | 20% | 20% |
145 | 135 | 207 | 152 | 195 | 264 | 104 | 86 | 119 | 127 | 148 | 147 | |
Interest | 2 | 1 | 2 | 5 | 4 | 3 | 3 | 5 | 7 | 5 | 6 | 6 |
Depreciation | 26 | 32 | 32 | 30 | 32 | 41 | 45 | 58 | 59 | 51 | 53 | 54 |
Profit before tax | 467 | 448 | 488 | 485 | 677 | 823 | 562 | 675 | 709 | 597 | 499 | 503 |
Tax % | 33% | 37% | 32% | 32% | 34% | 28% | 25% | 26% | 25% | 24% | 24% | |
311 | 282 | 331 | 332 | 445 | 596 | 424 | 497 | 531 | 454 | 380 | 382 | |
EPS in Rs | 12.43 | 11.28 | 6.62 | 6.63 | 8.89 | 11.93 | 8.83 | 10.34 | 11.04 | 9.45 | 7.91 | 7.96 |
Dividend Payout % | 20% | 48% | 24% | 33% | 57% | 67% | 74% | 82% | 93% | 95% | 111% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | -3% |
3 Years: | -7% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -9% |
3 Years: | -8% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 22% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 18% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 200 | 200 | 200 | 250 | 240 | 240 | 240 | 240 | 481 |
Reserves | 1,570 | 1,758 | 1,835 | 1,999 | 2,184 | 2,327 | 2,082 | 2,159 | 2,263 | 2,267 | 2,053 |
0 | 0 | 0 | 0 | 0 | 7 | 4 | 3 | 5 | 8 | 9 | |
1,898 | 2,386 | 2,625 | 2,838 | 2,866 | 3,163 | 3,309 | 3,215 | 3,262 | 2,925 | 3,355 | |
Total Liabilities | 3,568 | 4,244 | 4,661 | 5,037 | 5,250 | 5,747 | 5,635 | 5,617 | 5,771 | 5,440 | 5,897 |
207 | 264 | 262 | 264 | 340 | 412 | 413 | 393 | 392 | 374 | 733 | |
CWIP | 10 | 8 | 5 | 2 | 4 | 4 | 15 | 58 | 95 | 174 | 48 |
Investments | 236 | 274 | 373 | 180 | 180 | 292 | 314 | 229 | 153 | 128 | 128 |
3,114 | 3,698 | 4,021 | 4,592 | 4,726 | 5,039 | 4,893 | 4,938 | 5,132 | 4,764 | 4,989 | |
Total Assets | 3,568 | 4,244 | 4,661 | 5,037 | 5,250 | 5,747 | 5,635 | 5,617 | 5,771 | 5,440 | 5,897 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-92 | 468 | 531 | 380 | 134 | 267 | 468 | 291 | 471 | 315 | 558 | |
315 | -393 | -81 | -454 | 140 | 89 | 210 | 79 | 183 | -221 | -197 | |
-63 | -93 | -176 | -178 | -260 | -399 | -692 | -362 | -438 | -461 | -363 | |
Net Cash Flow | 160 | -18 | 274 | -252 | 14 | -43 | -14 | 8 | 216 | -367 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 137 | 180 | 127 | 117 | 109 | 125 | 112 | 97 | 126 | 139 | 127 |
Inventory Days | 32 | 35 | 336 | ||||||||
Days Payable | 404 | 235 | 430 | ||||||||
Cash Conversion Cycle | -235 | -20 | 127 | 117 | 109 | 125 | 112 | 3 | 126 | 139 | 127 |
Working Capital Days | -421 | -450 | -463 | -475 | -310 | -248 | -348 | -249 | -237 | -219 | -296 |
ROCE % | 25% | 22% | 23% | 30% | 33% | 23% | 29% | 29% | 24% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5h
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Announcement under Regulation 30 (LODR)-Change in Directorate
13h - Shri Sandeep Jain (DIN:09435375) ceased as RITES Govt. Nominee Director effective 22.08.2025 due to transfer.
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Intimation Of Record Date For The Purpose Of Final Dividend If Approved At The Annual General Meeting Of The Company.
2d - AGM 23 Sep 2025; book closure 17-23 Sep; record date 17 Sep for final dividend; e-voting 20-22 Sep.
- Intimation Of Book Closure For The Purpose Of Annual General Meeting 2d
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Intimation Of 51St Annual General Meeting Of The Company
2d - 51st AGM 23 Sep 2025; book closure 17–23 Sep; e-voting 20–22 Sep; record date 17 Sep for final dividend.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025TranscriptNotesPPT REC
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Nov 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Nov 2022TranscriptPPT
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Jun 2022Transcript PPT
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Mar 2022TranscriptPPT
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Feb 2022TranscriptNotesPPT
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Dec 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptPPT
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Jun 2021TranscriptNotesPPT
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Mar 2021TranscriptPPT
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Mar 2021Transcript PPT
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Dec 2020TranscriptPPT
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Dec 2020TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Sep 2020TranscriptPPT
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Sep 2020Transcript PPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptNotesPPT
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Mar 2020TranscriptPPT
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Feb 2020TranscriptNotesPPT
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Dec 2019Transcript PPT
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Sep 2019Transcript PPT
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Jun 2019Transcript PPT
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Mar 2019Transcript PPT
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Nov 2018Transcript PPT
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Sep 2018Transcript PPT
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Aug 2018TranscriptPPT
Business Segments
1) Consultancy (47% in 9M FY25 vs 40% in FY22): [1] [2] The company offers transport consultancy services, including techno-economic and feasibility studies, detailed project reports, design engineering, procurement assistance, and project management, etc. It operates in 55+ countries across Asia, Africa, Latin America, South America, and the Middle East. [3] The segment revenue declined by 8% YoY in 9M FY25, due to a significant dip in Quality Assurance revenue. [4] [5]