Rites Ltd

Rites Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rites Ltd

₹ 274 0.03%
23 May - close price
rites.com BSE: 541556 NSE: RITES
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 13,159 Cr.
  • Current Price ₹ 274
  • High / Low ₹ 398 / 192
  • Stock P/E 34.6
  • Book Value ₹ 52.7
  • Dividend Yield 4.20 %
  • ROCE 20.0 %
  • ROE 15.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.20%.
  • 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.148 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

Sector: Miscellaneous Industry: Miscellaneous

Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
744 578 632 651 659 504 549 653 606 454 510 545 587
557 422 474 480 489 377 439 509 461 376 430 454 425
Operating Profit 187 156 158 171 170 126 111 144 145 78 80 90 162
OPM % 25% 27% 25% 26% 26% 25% 20% 22% 24% 17% 16% 17% 28%
21 31 31 25 31 18 51 25 33 21 43 47 36
Interest 1 1 1 2 2 1 1 2 0 1 2 1 1
Depreciation 23 13 15 17 15 14 12 13 13 12 13 14 15
Profit before tax 183 174 173 178 184 129 149 155 164 86 108 123 182
Tax % 29% 26% 24% 26% 25% 26% 22% 23% 25% 25% 20% 23% 26%
130 129 131 132 138 96 117 119 123 65 86 95 134
EPS in Rs 2.70 2.69 2.73 2.74 2.88 2.00 2.43 2.47 2.56 1.35 1.79 1.98 2.80
Raw PDF

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
1,011 1,075 1,299 1,434 1,969 2,401 1,843 2,575 2,520 2,312 2,095
662 729 985 1,067 1,452 1,798 1,337 1,923 1,864 1,786 1,685
Operating Profit 349 346 315 367 517 602 506 652 655 526 410
OPM % 35% 32% 24% 26% 26% 25% 27% 25% 26% 23% 20%
145 135 207 152 195 264 104 86 119 127 148
Interest 2 1 2 5 4 3 3 5 7 5 6
Depreciation 26 32 32 30 32 41 45 58 59 51 53
Profit before tax 467 448 488 485 677 823 562 675 709 597 499
Tax % 33% 37% 32% 32% 34% 28% 25% 26% 25% 24% 24%
311 282 331 332 445 596 424 497 531 454 380
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
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: -9%
Compounded Profit Growth
10 Years: 2%
5 Years: -9%
3 Years: -8%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 29%
1 Year: -27%
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 -247 -347 -249 -237 -219 -295
ROCE % 25% 22% 23% 30% 33% 23% 29% 29% 24% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20%
1.48% 2.35% 2.61% 3.37% 3.44% 3.98% 3.22% 4.17% 3.50% 3.20% 3.34% 3.33%
17.26% 17.58% 15.78% 15.89% 15.25% 12.72% 12.27% 11.09% 10.78% 9.63% 8.83% 8.66%
9.06% 7.89% 9.42% 8.53% 9.11% 11.10% 12.31% 12.53% 13.50% 14.95% 15.63% 15.79%
No. of Shareholders 1,01,76195,2361,11,6931,11,7011,23,0741,45,0941,62,9862,35,2962,65,9843,50,2363,91,4694,11,725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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