Rites Ltd

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

Rites Ltd

₹ 670 0.83%
23 Apr - 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

Products & Services
Locomotives, Coaches, Wagons and Train Sets (including semi-high-speed train sets) in various gauges- Narrow, Meter, Standard, Cape and Broad.
It also operates in Consultancy, Exports, Leasing and Turnkey / EPC segments, providing services like Management Consultancy on Covering various sectors of Railways, Metros, Airports & Land Ports, Highways, Ropeways, Urban Planning & Infra, etc. [1]

Website BSE NSE
  • Market Cap ₹ 16,098 Cr.
  • Current Price ₹ 670
  • High / Low ₹ 826 / 365
  • Stock P/E 34.3
  • Book Value ₹ 103
  • Dividend Yield 3.06 %
  • ROCE 29.1 %
  • ROE 21.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.06%.
  • Company has been maintaining a healthy dividend payout of 82.9%

Cons

  • The company has delivered a poor sales growth of 11.9% over past five years.

* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
439 612 332 744 755 744 578 632 651 659 504 549 653
317 447 254 536 576 557 422 474 480 489 377 439 509
Operating Profit 122 166 78 208 179 187 156 158 171 170 126 111 144
OPM % 28% 27% 23% 28% 24% 25% 27% 25% 26% 26% 25% 20% 22%
25 20 27 23 16 21 31 31 25 31 18 51 25
Interest 1 0 0 1 2 1 1 1 2 2 1 1 2
Depreciation 11 12 11 12 13 23 13 15 17 15 14 12 13
Profit before tax 135 174 93 218 180 183 174 173 178 184 129 149 155
Tax % 27% 22% 24% 25% 26% 29% 26% 24% 26% 25% 26% 22% 23%
99 135 70 163 134 130 129 131 132 138 96 117 119
EPS in Rs 4.12 5.60 2.93 6.79 5.56 5.40 5.38 5.47 5.47 5.76 3.99 4.85 4.93
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 TTM
1,011 1,075 1,299 1,434 1,969 2,401 1,843 2,575 2,520 2,365
662 729 985 1,067 1,452 1,798 1,337 1,923 1,864 1,813
Operating Profit 349 346 315 367 517 602 506 652 655 552
OPM % 35% 32% 24% 26% 26% 25% 27% 25% 26% 23%
145 135 207 152 195 264 104 86 119 125
Interest 2 1 2 5 4 3 3 5 7 7
Depreciation 26 32 32 30 32 41 45 58 59 53
Profit before tax 467 448 488 485 677 823 562 675 709 617
Tax % 33% 37% 32% 32% 34% 28% 25% 26% 25%
311 282 331 332 445 596 424 497 531 469
EPS in Rs 24.86 22.56 13.24 13.27 17.79 23.86 17.66 20.69 22.08 19.53
Dividend Payout % 20% 48% 24% 33% 57% 67% 74% 82% 93%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 2%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: -4%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 41%
1 Year: 76%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 20%
Last Year: 22%

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 Sep 2023
Equity Capital 100 100 200 200 200 250 240 240 240 240
Reserves 1,570 1,758 1,835 1,999 2,184 2,327 2,082 2,159 2,263 2,244
0 0 0 0 0 7 4 3 5 5
1,898 2,386 2,625 2,838 2,866 3,163 3,309 3,215 3,262 3,043
Total Liabilities 3,568 4,244 4,661 5,037 5,250 5,747 5,635 5,617 5,771 5,532
207 264 262 264 340 412 413 393 392 376
CWIP 10 8 5 2 4 4 15 58 95 130
Investments 236 274 373 180 180 292 314 229 153 153
3,114 3,698 4,021 4,592 4,726 5,039 4,893 4,938 5,132 4,873
Total Assets 3,568 4,244 4,661 5,037 5,250 5,747 5,635 5,617 5,771 5,532

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
-92 468 531 380 134 267 468 291 471
315 -393 -81 -454 140 89 210 79 7
-63 -93 -176 -178 -260 -399 -692 -362 -263
Net Cash Flow 160 -18 274 -252 14 -43 -14 8 216

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
Debtor Days 137 180 127 117 109 125 112 97 126
Inventory Days 32 35 336
Days Payable 404 235 430
Cash Conversion Cycle -235 -20 127 117 109 125 112 3 126
Working Capital Days -421 -450 -463 -475 -310 -247 -347 -249 -237
ROCE % 25% 22% 23% 30% 33% 23% 29% 29%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20%
1.01% 1.11% 1.30% 1.45% 1.48% 2.35% 2.61% 3.37% 3.44% 3.98% 3.22% 4.17%
16.25% 16.53% 16.70% 16.89% 17.26% 17.58% 15.78% 15.89% 15.25% 12.72% 12.27% 11.09%
10.54% 10.16% 9.80% 9.46% 9.06% 7.89% 9.42% 8.53% 9.11% 11.10% 12.31% 12.53%
No. of Shareholders 1,07,6551,00,83797,5391,02,2381,01,76195,2361,11,6931,11,7011,23,0741,45,0941,62,9862,35,296

* 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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