Rites Ltd

₹ 271 1.16%
12 Aug - close price
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

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]

  • 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
538 746 620 571 335 439 454 629 355 766 775 766 605
407 550 453 407 276 311 322 451 258 539 580 562 426
Operating Profit 131 196 167 164 60 127 133 178 97 226 195 204 179
OPM % 24% 26% 27% 29% 18% 29% 29% 28% 27% 30% 25% 27% 30%
36 143 47 46 44 62 26 20 23 23 16 23 32
Interest 1 2 2 2 2 1 2 1 1 2 3 2 1
Depreciation 11 11 12 13 13 13 13 13 13 14 15 24 15
Profit before tax 154 326 200 194 90 175 144 184 106 234 194 201 195
Tax % 34% 27% 25% 26% 27% 25% 27% 23% 26% 26% 26% 29% 26%
Net Profit 98 233 147 139 63 130 102 138 72 169 139 137 138
EPS in Rs 3.92 9.30 5.86 5.56 2.51 5.18 4.26 5.73 3.00 7.03 5.77 5.69 5.72

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
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%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
87.40 77.39 72.02 72.02 72.02 72.20 72.20 72.20 72.20 72.20 72.20 72.20
1.08 2.42 2.91 1.50 1.13 1.02 1.00 1.01 1.11 1.30 1.45 1.48
3.56 11.13 16.39 16.57 16.04 16.24 15.80 16.25 16.53 16.70 16.89 17.26
7.96 9.07 8.68 9.91 10.82 10.54 10.99 10.54 10.16 9.80 9.46 9.06

Documents