Rites Ltd

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

Rites Ltd

₹ 192 0.47%
20 Mar - 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 ₹ 9,206 Cr.
  • Current Price ₹ 192
  • High / Low ₹ 316 / 188
  • Stock P/E 22.3
  • Book Value ₹ 54.8
  • Dividend Yield 3.94 %
  • ROCE 21.8 %
  • ROE 14.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 93.4%

Cons

  • The company has delivered a poor sales growth of -2.17% 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

Industrials Construction Construction Civil Construction

Part of BSE 500 BSE PSU Nifty 500 BSE CPSE BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
677 687 544 582 683 643 486 541 576 615 490 549 609
484 496 383 445 514 467 380 435 458 430 376 419 466
Operating Profit 193 191 161 138 169 176 106 106 117 186 114 130 142
OPM % 29% 28% 30% 24% 25% 27% 22% 20% 20% 30% 23% 24% 23%
27 19 18 28 19 27 25 22 44 27 24 35 30
Interest 2 2 1 1 2 0 1 2 1 1 1 1 1
Depreciation 19 17 16 14 15 16 14 15 16 17 15 17 17
Profit before tax 199 191 163 150 171 187 115 111 144 195 122 146 154
Tax % 26% 27% 26% 27% 25% 27% 21% 26% 24% 27% 25% 25% 25%
147 139 120 110 129 137 90 82 109 141 91 109 115
EPS in Rs 2.91 2.75 2.25 2.10 2.50 2.62 1.64 1.52 2.08 2.76 1.67 2.04 2.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,096 1,013 1,218 1,351 1,497 2,047 2,474 1,905 2,662 2,628 2,453 2,218 2,262
816 664 871 1,005 1,071 1,469 1,811 1,353 1,933 1,869 1,792 1,675 1,691
Operating Profit 280 348 347 347 427 578 663 552 729 759 661 543 572
OPM % 26% 34% 29% 26% 28% 28% 27% 29% 27% 29% 27% 24% 25%
127 147 208 210 154 200 268 101 84 103 92 118 116
Interest 2 2 1 14 25 10 10 9 13 21 21 34 4
Depreciation 20 26 37 38 36 38 47 52 66 67 61 62 66
Profit before tax 385 468 518 505 519 730 874 593 735 774 670 565 617
Tax % 32% 33% 34% 33% 31% 33% 28% 25% 27% 26% 26% 25%
261 312 340 337 357 490 633 444 539 571 495 424 456
EPS in Rs 10.42 12.49 13.55 6.57 6.85 9.39 12.32 9.00 10.74 11.28 9.48 8.01 8.59
Dividend Payout % 20% 20% 40% 46% 32% 54% 65% 72% 79% 91% 95% 94%
Compounded Sales Growth
10 Years: 8%
5 Years: -2%
3 Years: -6%
TTM: 1%
Compounded Profit Growth
10 Years: 2%
5 Years: -9%
3 Years: -9%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 3%
1 Year: -20%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 100 100 100 200 200 200 250 240 240 240 240 481 481
Reserves 1,325 1,576 1,707 1,838 2,014 2,222 2,383 2,152 2,248 2,363 2,369 2,160 2,153
0 0 173 83 55 48 47 37 28 5 8 9 8
2,211 1,929 2,531 2,678 2,901 2,956 3,222 3,408 3,326 3,381 3,047 3,472 3,423
Total Liabilities 3,636 3,605 4,511 4,799 5,170 5,426 5,903 5,837 5,842 5,991 5,664 6,121 6,065
198 212 476 406 402 478 590 584 560 552 535 884 871
CWIP 20 26 34 5 2 4 4 15 58 101 174 48 70
Investments 228 226 220 328 133 141 261 289 205 130 109 117 103
3,190 3,141 3,781 4,060 4,633 4,803 5,047 4,948 5,020 5,208 4,846 5,072 5,020
Total Assets 3,636 3,605 4,511 4,799 5,170 5,426 5,903 5,837 5,842 5,991 5,664 6,121 6,065

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-89 463 555 410 164 319 516 310 560 432 637
291 -520 -56 -454 139 49 194 62 163 -315 -205
-38 39 -215 -217 -279 -420 -708 -376 -483 -504 -405
Net Cash Flow 165 -18 284 -261 24 -52 2 -5 239 -387 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 108 137 161 125 114 109 124 112 101 126 134 122
Inventory Days 27 32 22 302 11 81 96
Days Payable 165 408 184 572 144 105 589
Cash Conversion Cycle -30 -239 161 125 -47 -161 -9 112 77 -367 134 122
Working Capital Days -529 -464 -427 -449 -454 -297 -240 -335 -234 -219 -203 -279
ROCE % 30% 28% 21% 24% 30% 33% 23% 29% 30% 25% 22%

Insights

In beta
Mar 2015 Mar 2016 Dec 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Order Book
INR Crore

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Employee Count
Number ・Standalone data
PAT per Employee
INR Crore ・Standalone data
Revenue per Employee
INR Crore ・Standalone data
Lease Locomotive Fleet
Number ・Standalone data

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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%
3.37% 3.44% 3.98% 3.22% 4.17% 3.50% 3.20% 3.34% 3.33% 3.47% 3.51% 3.46%
15.89% 15.25% 12.72% 12.27% 11.09% 10.78% 9.63% 8.83% 8.66% 8.64% 8.66% 8.63%
8.53% 9.11% 11.10% 12.31% 12.53% 13.50% 14.95% 15.63% 15.79% 15.69% 15.63% 15.70%
No. of Shareholders 1,11,7011,23,0741,45,0941,62,9862,35,2962,65,9843,50,2363,91,4694,11,7254,02,3344,03,1763,92,562

* 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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