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: 6,160 Cr.
  • Current Price: 246.40
  • 52 weeks High / Low 331.00 / 190.65
  • Book Value: 105.33
  • Stock P/E: 10.33
  • Dividend Yield: 6.49 %
  • ROCE: 34.27 %
  • ROE: 25.01 %
  • Sales Growth (3Yrs): 22.34 %
  • 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 6.49%.
Company has been maintaining a healthy dividend payout of 50.45%
Cons:
Earnings include an other income of Rs.279.38 Cr.

Peer comparison Sector: Infrastructure Developers & Operators // Industry: Engineering - Turnkey Services

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
332 443 535 737 538 746 620 571 335
243 294 379 555 407 550 453 407 276
Operating Profit 89 149 156 182 131 196 167 164 60
OPM % 27% 34% 29% 25% 24% 26% 27% 29% 18%
Other Income 58 35 48 59 36 143 47 46 44
Interest 2 2 2 3 1 2 2 2 2
Depreciation 9 9 10 10 11 11 12 13 13
Profit before tax 137 173 192 228 154 326 200 194 90
Tax % 33% 35% 29% 34% 34% 27% 25% 26% 27%
Net Profit 92 108 130 145 98 233 147 139 63
EPS in Rs 3.48 4.30 5.19 4.65 3.14 9.30 5.86 5.56 2.51
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,013 1,218 1,351 1,497 2,047 2,474 2,272
664 871 1,005 1,071 1,469 1,811 1,686
Operating Profit 348 347 347 427 578 663 586
OPM % 34% 28% 26% 28% 28% 27% 26%
Other Income 147 209 210 154 200 268 279
Interest 2 1 14 25 10 10 7
Depreciation 26 37 38 36 38 47 49
Profit before tax 468 518 505 519 730 874 810
Tax % 33% 34% 33% 31% 33% 28%
Net Profit 312 339 328 342 470 616 581
EPS in Rs 24.18 27.09 13.14 13.70 18.78 24.64 23.23
Dividend Payout % 20% 40% 46% 32% 54% 65%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:19.56%
3 Years:22.34%
TTM:0.86%
Compounded Profit Growth
10 Years:%
5 Years:15.16%
3 Years:29.77%
TTM:19.20%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-8.77%
Return on Equity
10 Years:%
5 Years:19.83%
3 Years:21.21%
Last Year:25.01%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
100 100 200 200 200 250
Reserves 1,576 1,707 1,838 2,014 2,222 2,383
Borrowings 0 173 83 55 48 47
1,929 2,531 2,678 2,901 2,956 3,222
Total Liabilities 3,605 4,511 4,799 5,170 5,426 5,903
212 476 406 402 478 590
CWIP 26 34 5 2 4 4
Investments 226 220 328 133 141 261
3,141 3,781 4,060 4,633 4,803 5,047
Total Assets 3,605 4,511 4,799 5,170 5,426 5,903

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-89 463 555 410 164 319
291 -520 -56 -454 139 49
-38 39 -215 -217 -279 -420
Net Cash Flow 165 -18 284 -261 24 -52

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 22% 25% 31% 34%
Debtor Days 137 161 125 114 109 124
Inventory Turnover 0.17 0.09 5.28 2.29 6.02

Shareholding pattern in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
87.40 87.40 87.40 87.40 87.40 87.40 77.39 72.02 72.02
1.00 0.19 1.07 1.28 1.23 1.08 2.42 2.91 1.50
4.12 5.74 5.38 4.16 3.64 3.56 11.13 16.39 16.57
7.48 6.67 6.15 7.16 7.73 7.96 9.07 8.68 9.91