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 ₹ 6,507 Cr.
- Current Price ₹ 271
- High / Low ₹ 318 / 226
- Stock P/E 11.2
- Book Value ₹ 104
- Dividend Yield 4.99 %
- ROCE 30.0 %
- ROE 21.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.99%.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 72.1%
Cons
- Promoter holding has decreased over last 3 years: -15.2%
* 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
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 | TTM | |
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1,096 | 1,013 | 1,218 | 1,351 | 1,497 | 2,047 | 2,474 | 1,860 | 2,662 | 2,912 | |
816 | 664 | 871 | 1,005 | 1,071 | 1,469 | 1,811 | 1,353 | 1,938 | 2,107 | |
Operating Profit | 280 | 348 | 347 | 347 | 427 | 578 | 663 | 507 | 724 | 805 |
OPM % | 26% | 34% | 29% | 26% | 28% | 28% | 27% | 27% | 27% | 28% |
127 | 147 | 208 | 210 | 154 | 200 | 268 | 147 | 84 | 95 | |
Interest | 2 | 2 | 1 | 14 | 25 | 10 | 10 | 9 | 7 | 8 |
Depreciation | 20 | 26 | 37 | 38 | 36 | 38 | 47 | 52 | 66 | 67 |
Profit before tax | 385 | 468 | 518 | 505 | 519 | 730 | 874 | 593 | 735 | 825 |
Tax % | 32% | 33% | 34% | 33% | 31% | 33% | 28% | 25% | 27% | |
Net Profit | 261 | 312 | 339 | 328 | 342 | 470 | 616 | 432 | 516 | 582 |
EPS in Rs | 20.84 | 24.98 | 27.09 | 13.14 | 13.70 | 18.78 | 24.64 | 17.99 | 21.49 | 24.21 |
Dividend Payout % | 20% | 20% | 40% | 46% | 32% | 54% | 65% | 72% | 79% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 9% |
TTM: | 55% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 3% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 6% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 21% |
Last Year: | 21% |
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 | |
---|---|---|---|---|---|---|---|---|---|
100 | 100 | 100 | 200 | 200 | 200 | 250 | 240 | 240 | |
Reserves | 1,325 | 1,576 | 1,707 | 1,838 | 2,014 | 2,222 | 2,383 | 2,152 | 2,248 |
0 | 0 | 173 | 83 | 55 | 48 | 47 | 37 | 28 | |
2,211 | 1,929 | 2,531 | 2,678 | 2,901 | 2,956 | 3,262 | 3,408 | 3,306 | |
Total Liabilities | 3,636 | 3,605 | 4,511 | 4,799 | 5,170 | 5,426 | 5,943 | 5,837 | 5,822 |
198 | 212 | 476 | 406 | 402 | 478 | 590 | 584 | 560 | |
CWIP | 20 | 26 | 34 | 5 | 2 | 4 | 4 | 15 | 58 |
Investments | 228 | 226 | 220 | 328 | 133 | 141 | 261 | 289 | 205 |
3,190 | 3,141 | 3,781 | 4,060 | 4,633 | 4,803 | 5,088 | 4,948 | 5,000 | |
Total Assets | 3,636 | 3,605 | 4,511 | 4,799 | 5,170 | 5,426 | 5,943 | 5,837 | 5,822 |
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 | |
---|---|---|---|---|---|---|---|---|---|
-89 | 463 | 555 | 410 | 164 | 317 | 516 | 310 | ||
291 | -520 | -56 | -454 | 139 | 50 | 194 | 53 | ||
-38 | 39 | -215 | -217 | -279 | -419 | -708 | -440 | ||
Net Cash Flow | 165 | -18 | 284 | -261 | 24 | -52 | 2 | -78 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 108 | 137 | 161 | 125 | 114 | 109 | 124 | 115 | 101 |
Inventory Days | 27 | 32 | 22 | 302 | 20 | 69 | |||
Days Payable | 165 | 408 | 184 | 572 | 144 | 105 | |||
Cash Conversion Cycle | -30 | -239 | 161 | 125 | -47 | -161 | 1 | 115 | 65 |
Working Capital Days | -508 | -438 | -420 | -449 | -454 | -297 | -236 | -344 | -225 |
ROCE % | 30% | 28% | 22% | 25% | 31% | 34% | 23% | 30% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Aug - Of Investors meet on 10th August, 2022
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Aug - Transcript of the Conference call with analysts and investors held on Friday, July 29, 2022 to discuss the Financial Results of the Company for the …
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Announcement under Regulation 30 (LODR)-Retirement
1 Aug - Retirement of Shri. Gopi Sureshkumar Varadarajan, Director (Projects) of the Company with effect from July 31, 2022.
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Clarification Regarding Link For Audio Recordings Of Post Results
Conference Call
1 Aug - In furtherance to our letter dated July 29, 2022 and as per the communications received from some of our stakeholders, we are again enclosing link …
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Announcement under Regulation 30 (LODR)-Change in Management
1 Aug - Consequent to the superannuation of Shri. Gopi Sureshkumar Varadarajan, Director (Projects) of the Company with effect from July 31, 2022, Shri Rahul Mithal, Chairman & …
Annual reports
Concalls
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Mar 2022Transcript PPT
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Dec 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Mar 2021TranscriptPPT
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Mar 2021Transcript PPT
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Dec 2020TranscriptPPT
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Dec 2020Transcript PPT
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Sep 2020TranscriptPPT
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Sep 2020Transcript PPT
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Aug 2020Transcript PPT
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Mar 2020Transcript PPT
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Dec 2019Transcript PPT
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Sep 2019Transcript PPT
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Jun 2019Transcript PPT
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Mar 2019Transcript PPT
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Nov 2018Transcript PPT
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Sep 2018Transcript PPT
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Aug 2018TranscriptPPT
Services
The major business engagements of the company are consultants, engineers, and project managers in railways, highways, airports, ports, ropeways, urban transport, and inland waterways in India and abroad. The company also provides services of third-party inspection, quality assurance, construction supervision & project management, operations & maintenance, leasing, export of rolling stock and modernization of railway workshop projects, doubling, and electrification on a turnkey basis. [1]