Rites Ltd

RITES is engaged in a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies.(Source : 201903 Annual Report Page No: 155)

Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 3.83%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 38.03%
Cons:

Peer Comparison Sector: Infrastructure Developers & Operators // Industry: Engineering - Turnkey Services

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
419 330 195 360 544 311 433 511 714 519
368 251 153 223 442 239 291 378 549 403
Operating Profit 51 80 42 136 101 72 143 133 165 117
OPM % 12% 24% 22% 38% 19% 23% 33% 26% 23% 22%
Other Income 18 40 50 35 28 58 40 51 51 34
Interest 0 0 1 1 1 1 1 0 2 0
Depreciation 8 8 8 8 7 8 8 8 8 10
Profit before tax 61 112 84 163 121 121 174 176 206 141
Tax % 22% 38% 13% 34% 36% 33% 35% 33% 36% 34%
Net Profit 47 69 73 107 77 81 114 117 133 93
EPS in Rs 4.55 4.70 5.31 3.70
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,011 1,075 1,299 1,434 1,969 2,177
662 729 985 1,067 1,451 1,620
Operating Profit 349 346 315 367 518 557
OPM % 35% 32% 24% 26% 26% 26%
Other Income 145 135 207 152 195 177
Interest 2 1 2 5 4 3
Depreciation 26 32 32 30 32 34
Profit before tax 467 448 488 485 677 697
Tax % 33% 37% 32% 32% 34%
Net Profit 311 282 331 332 445 457
EPS in Rs 17.78 18.26
Dividend Payout % 20% 48% 24% 33% 57%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:22.36%
TTM:54.54%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:16.39%
TTM:35.01%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:40.86%
Return on Equity
10 Years:%
5 Years:%
3 Years:16.66%
Last Year:19.40%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
100 100 200 200 200
Reserves 1,570 1,758 1,835 1,999 2,184
Borrowings 0 0 0 0 0
1,908 2,397 2,634 2,851 2,883
Total Liabilities 3,578 4,256 4,670 5,050 5,267
207 264 262 264 340
CWIP 10 8 5 2 4
Investments 236 274 373 180 180
3,124 3,710 4,030 4,605 4,743
Total Assets 3,578 4,256 4,670 5,050 5,267

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-92 468 531 380 129
315 -393 -81 -454 145
-63 -93 -176 -178 -260
Net Cash Flow 160 -18 274 -252 14

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 25% 22% 23% 30%
Debtor Days 137 180 127 117 109
Inventory Turnover 108.83 40.93 47.95 34.45