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.
Financial Highlights
The company’s revenue from operations in FY23 stood at ₹2,628 crore, down 1.2% compared to ₹2,662 crore in FY22.
Its profit after tax in FY23 stood at ₹571 crore compared to ₹538 crore in FY22.
In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹655 crore.
The company's earnings per share (EPS) stood at ₹22.08 in FY23 compared to ₹20.69 in FY22.
RITES Share Price Today
As of 14 Jun 2026, RITES share price is ₹206.06. The stock opened at ₹202.49, compared to its previous close of ₹200.51. During today's trading session, RITES share price moved in the range of ₹201.81 to ₹206.70, with an average price of ₹204.25 for the day. Looking at its last 52-week, the stock has touched a low of ₹201.81 and a high of ₹206.70. On the performance front, RITES share price has declined by 9.32% over the last six months and is down 28.80% on a year-on-year basis.
The market capitalization of RITES is ₹9,905 Crs, with a P/E ratio of 21.8 and a dividend yield of 4.78%.
