Rites Ltd
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]
- Market Cap ₹ 12,563 Cr.
- Current Price ₹ 261
- High / Low ₹ 384 / 192
- Stock P/E 32.7
- Book Value ₹ 54.9
- Dividend Yield 4.33 %
- ROCE 20.8 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.34%.
- Company has been maintaining a healthy dividend payout of 98.6%
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 SmallCap Nifty Smallcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,096 | 1,013 | 1,218 | 1,351 | 1,497 | 2,047 | 2,474 | 1,905 | 2,662 | 2,628 | 2,453 | 2,218 | |
816 | 664 | 871 | 1,005 | 1,071 | 1,469 | 1,811 | 1,353 | 1,933 | 1,869 | 1,792 | 1,703 | |
Operating Profit | 280 | 348 | 347 | 347 | 427 | 578 | 663 | 552 | 729 | 759 | 661 | 515 |
OPM % | 26% | 34% | 29% | 26% | 28% | 28% | 27% | 29% | 27% | 29% | 27% | 23% |
127 | 147 | 208 | 210 | 154 | 200 | 268 | 101 | 84 | 103 | 92 | 118 | |
Interest | 2 | 2 | 1 | 14 | 25 | 10 | 10 | 9 | 13 | 21 | 21 | 6 |
Depreciation | 20 | 26 | 37 | 38 | 36 | 38 | 47 | 52 | 66 | 67 | 61 | 62 |
Profit before tax | 385 | 468 | 518 | 505 | 519 | 730 | 874 | 593 | 735 | 774 | 670 | 565 |
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 | |
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 |
Dividend Payout % | 20% | 20% | 40% | 46% | 32% | 54% | 65% | 72% | 79% | 91% | 95% | 110% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | -2% |
3 Years: | -6% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -9% |
3 Years: | -9% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 26% |
1 Year: | -30% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 200 | 200 | 200 | 250 | 240 | 240 | 240 | 240 | 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 |
0 | 0 | 173 | 83 | 55 | 48 | 47 | 37 | 28 | 5 | 8 | 9 | |
2,211 | 1,929 | 2,531 | 2,678 | 2,901 | 2,956 | 3,222 | 3,408 | 3,326 | 3,381 | 3,047 | 3,470 | |
Total Liabilities | 3,636 | 3,605 | 4,511 | 4,799 | 5,170 | 5,426 | 5,903 | 5,837 | 5,842 | 5,991 | 5,664 | 6,119 |
198 | 212 | 476 | 406 | 402 | 478 | 590 | 584 | 560 | 552 | 535 | 885 | |
CWIP | 20 | 26 | 34 | 5 | 2 | 4 | 4 | 15 | 58 | 101 | 174 | 48 |
Investments | 228 | 226 | 220 | 328 | 133 | 141 | 261 | 289 | 205 | 130 | 109 | 117 |
3,190 | 3,141 | 3,781 | 4,060 | 4,633 | 4,803 | 5,047 | 4,948 | 5,020 | 5,208 | 4,846 | 5,070 | |
Total Assets | 3,636 | 3,605 | 4,511 | 4,799 | 5,170 | 5,426 | 5,903 | 5,837 | 5,842 | 5,991 | 5,664 | 6,119 |
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 | -219 | ||
-38 | 39 | -215 | -217 | -279 | -420 | -708 | -440 | -483 | -504 | -405 | ||
Net Cash Flow | 165 | -18 | 284 | -261 | 24 | -52 | 2 | -69 | 239 | -387 | 13 |
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 | 28 | ||||
Days Payable | 165 | 408 | 184 | 572 | 144 | 105 | 589 | 130 | ||||
Cash Conversion Cycle | -30 | -239 | 161 | 125 | -47 | -161 | -9 | 112 | 77 | -367 | 134 | 20 |
Working Capital Days | -529 | -464 | -427 | -449 | -454 | -297 | -240 | -335 | -234 | -219 | -203 | -276 |
ROCE % | 30% | 28% | 21% | 24% | 30% | 33% | 23% | 29% | 30% | 25% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Jul - RITES secured Rs.177.225 Cr order from BEL for PMC and construction of manufacturing facility over 24 months.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Jul - RITES and CMPDI sign MoU to collaborate on mining and renewable energy projects globally.
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Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 30Th June, 2025 And Declaration Of First Interim Dividend, If Any On Equity Shares Of The Company, For The Financial Year 2025-26
21 Jul - Board meeting on Aug 6 to approve Q1 FY26 results and consider interim dividend.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
19 Jul - RITES' IIM Raipur project cost revised from Rs.148.25 Cr to Rs.220.65 Cr excluding GST.
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Announcement under Regulation 30 (LODR)-Change in Directorate
15 Jul - Appointment of two independent directors on RITES board with tenure details and profiles.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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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]