RITES Limited, formerly known as Rail India Technical and Economic Service Limited, is a Navratna central public sector enterprise (CPSE) operating under the Ministry of Railways. It was founded in 1974 as an engineering and consultancy firm of Indian Railways. The company offers many services from project conception to completion across various segments of transport infrastructure and associated technologies.
It is among the top 500 listed companies in India and one of the largest entities in the transport infrastructure.
The market capitalisation of RITES Limited stood at over ₹15,100 crore as of January 22, 2024. RITES share price has gained more than 140% in the last three years.
Rites Limited business operation
RITES Limited is a major player in the transportation consultancy and engineering domain in India. Its services cater to many sectors such as railways, highways, metro rail, tunnels, bridges, urban engineering, sustainability, green mobility, airports, ports, ropeways, institutional buildings and inland waterways.
RITES has clients in over 55 countries across Asia, Africa, Latin America and the Middle East. The company also serves as the export arm of Indian Railways, specialising in providing rolling stock, including locomotives, coaches and trainsets.
The company operates across a network of locations. It has 15 offices in India and 7 abroad. Internationally, RITES Limited extends its services to 13 countries.
The company has an extensive clientele including Central and state governments, PSUs and prominent private entities. Its major clients include the National Thermal Power Corporation Limited, Steel Authority of India Limited, Airports Authority of India, National Highways Authority of India, TATA Steel and Adani Ports. The company serves international clients from countries such as Sri Lanka, Mozambique, Mauritius, Bangladesh, Nepal, Guyana, Ghana and Bahrain.
RITES Limited has successfully undertaken several milestone projects. One of the most notable among these is the consultancy services, including designer supervision for the Bogibeel rail-cum-road bridge located in Dibrugarh, Assam. The company also played a crucial role in the Ahmedabad Metro Phase-1 project by providing general consultancy services. RITES contributed to international business such as the export of customised cape gauge DEMUs to CFM in Mozambique.
The company has also been involved with the Mauritius Metro, the Yamuna Expressway and the Integrated Check Post at Attari, situated along the India-Pakistan border.
The PSU runs a joint venture called SAIL-RITES Bengal Wagon Industry Private Limited. In FY23, it delivered 25 customised coaches and 4 customised train sets to date. It manufactured a total of 684 wagons and leased out 67 locomotives.
In FY23, the company adopted a regional management structure wherein each Regional Project Office (RPO) oversees multi-sectoral projects within its state-wise territory. RITES has established six RPOs namely East, West, South, East Coast and North East, each equipped with Project Units (PUs). RITES secured over 300 projects including extensions in FY23. It is engaged in managing 670 ongoing projects as of March 31, 2023. The company also executed projects in 13 countries in the year.
RITES Financial Highlights
- Revenue: RITES reported revenue of ₹2,524.57 crore in FY26 vs ₹2,302.06 crore in FY25. It showed an increase of 9.67% on a yearly basis.
- Operating Profit: RITES reported an operating profit of ₹607.77 crore in FY26 vs ₹565.02 crore in FY25. It showed an increase of 7.57% on a year-on-year basis.
- Net Profit: RITES reported a net profit of ₹454.44 crore in FY26 vs ₹423.66 crore in FY25. It showed an increase of 7.27% on a yearly basis.
RITES Quarterly Result Highlights
- RITES reported revenue of ₹799.21 crore in Mar 2026, compared with ₹634.85 crore in Dec 2025, representing an increase of 25.89% on a quarter-on-quarter (QoQ) basis.
- RITES reported an operating profit of ₹185.75 crore in Mar 2026, compared with ₹154.05 crore in Dec 2025, representing an increase of 20.58% on a quarter-on-quarter (QoQ) basis.
- RITES reported a profit of ₹139.35 crore in Mar 2026, compared with ₹115.10 crore in Dec 2025, reflecting an increase of 21.07% on a QoQ basis.
- The earnings per share (EPS) of RITES stood at ₹8.01 during Mar 2026.
