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40% Buy

RITES Share Price

RITES

₹664.40+₹19.05 (2.95%) Past YearLast updated on 22 Apr, 2024 | 03:53 PM IST
₹650.00₹667.85
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Company overview

About

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Market cap

Market Cap Switch₹15,508 Cr

Open

₹651.20

Close

₹645.35

Circuit range

₹774.40 - ₹516.30

Day range

₹650.00 - ₹667.85

Year range

₹344.50 - ₹825.95

Volume

7,55,329

Avg. traded

₹658.29

Revenue (12m)

₹2,496 Cr

RITES

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.

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RITES Key indicators

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52 week high

₹825.95

52 week low

₹344.50

P/E ratio

33.62

P/B ratio

5.72

ROE

21.64%

ROCE

29.18%

Dividend yield

3.18%

Debt/Equity ratio

EPS

22.08

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

40%

Hold

20%

Sell

40%

This analysis is based on the reviews of 5 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

26.91%

Net profit margin

18.44%

ROE

21.64%

ROA

9.44%

ROCE

29.18%

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RITES Shareholder returns

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1 day

-1.02%

1 week

-5.28%

1 month

+3.83%

3 months

+16.60%

1 year

+85.55%

3 years

+173.80%

5 years

+224.17%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

RITES Share Price history

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DayOpenCloseDay’s change
Fri, Apr 19 2024
₹651.80
₹645.35
-1.00%
Thu, Apr 18 2024
₹665.05
₹652.00
-2.00%
Tue, Apr 16 2024
₹652.00
₹662.20
+1.54%
Mon, Apr 15 2024
₹660.00
₹664.55
+0.68%
Fri, Apr 12 2024
₹682.50
₹696.55
+2.02%
Wed, Apr 10 2024
₹686.90
₹681.35
-0.81%
Tue, Apr 9 2024
₹697.90
₹684.90
-1.90%
Mon, Apr 8 2024
₹704.70
₹694.00
-1.54%

Shareholding info

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Promoters (72.2%)

Mutual Funds (3.38%)

Retail and other (12.53%)

Foreign institutions-FII (4.17%)

Other domestic institutions (7.72%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4.75/share

    Ex date 09 Feb 2024

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  • Dividend • ₹4.5/share

    Ex date 08 Nov 2023

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  • Dividend • ₹6/share

    Ex date 08 Sep 2023

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  • Dividend • ₹3.75/share

    Ex date 07 Aug 2023

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  • Dividend • ₹6/share

    Ex date 17 Feb 2023

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  • Dividend • ₹4.5/share

    Ex date 17 Nov 2022

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  • Dividend • ₹3.5/share

    Ex date 08 Sep 2022

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  • Dividend • ₹4/share

    Ex date 04 Aug 2022

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  • Dividend • ₹7.5/share

    Ex date 24 Mar 2022

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  • Dividend • ₹4/share

    Ex date 24 Nov 2021

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Frequently asked questions