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)

  • Market Cap: 6,144 Cr.
  • Current Price: 245.75
  • 52 weeks High / Low 331.00 / 190.65
  • Book Value: 104.39
  • Stock P/E: 10.28
  • Dividend Yield: 4.15 %
  • ROCE: 29.71 %
  • ROE: 19.40 %
  • Sales Growth (3Yrs): 22.36 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 4.15%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 38.03%
Cons:
Promoter holding has decreased by -15.38% over last quarter
Earnings include an other income of Rs.272.60 Cr.

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 Sep 2019 Dec 2019
419 330 195 360 544 311 425 520 714 519 726 603
368 251 153 223 442 239 290 374 549 399 546 448
Operating Profit 51 80 42 136 101 72 135 145 165 120 180 155
OPM % 12% 24% 22% 38% 19% 23% 32% 28% 23% 23% 25% 26%
Other Income 18 40 50 35 28 58 39 47 51 31 148 43
Interest 0 0 1 1 1 1 1 1 2 0 1 1
Depreciation 8 8 8 8 7 8 8 8 8 10 10 10
Profit before tax 61 112 84 163 121 121 166 184 206 141 317 187
Tax % 22% 38% 13% 34% 36% 33% 35% 33% 36% 34% 27% 25%
Net Profit 47 69 73 107 77 81 108 123 133 93 233 140
EPS in Rs 1.90 2.77 2.93 4.26 3.10 3.28 4.33 4.70 5.31 3.70 9.31 5.59
Notes Notes 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 2,562
662 729 985 1,067 1,451 1,942
Operating Profit 349 346 315 367 518 620
OPM % 35% 32% 24% 26% 26% 24%
Other Income 145 135 207 152 195 273
Interest 2 1 2 5 4 4
Depreciation 26 32 32 30 32 38
Profit before tax 467 448 488 485 677 851
Tax % 33% 37% 32% 32% 34%
Net Profit 311 282 331 332 445 598
EPS in Rs 24.86 22.56 13.24 13.27 17.78 23.91
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:42.40%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:16.39%
TTM:53.53%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:8.91%
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 Sep 2019
100 100 200 200 200 250
Reserves 1,570 1,758 1,835 1,999 2,184 2,360
Borrowings 0 0 0 0 0 0
1,898 2,386 2,625 2,838 2,871 2,818
Total Liabilities 3,568 4,244 4,661 5,037 5,255 5,428
207 264 262 264 340 403
CWIP 10 8 5 2 4 5
Investments 236 274 373 180 180 180
3,114 3,698 4,021 4,592 4,732 4,839
Total Assets 3,568 4,244 4,661 5,037 5,255 5,428

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 13.97 0.00 1.35 -1.68