RITES Ltd
RITESRITES Ltd
RITES
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 23.89 | 4.23 | 4.28% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 51.44 | 6.02 | 0.56% |
Forecast & Ratings
Detailed Forecastfrom 5 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Rites Limited is an engineering and consultancy company. The Company offers transport infrastructure consultancy, engineering and project management services
Investor Presentation
View olderPeers
Compare with peersOne 97 Communications Ltd
Kfin Technologies Ltd
SIS Ltd
Sanghvi Movers Ltd
Artemis Medicare Services Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,160.14 | 1,428.52 | 1,561.37 | 1,650.98 | 2,247.84 | 2,742.17 | 2,006.09 | 2,746.00 | 2,730.99 | 2,582.89 | ||||||||||
Raw Materials | 77.25 | 0.00 | 0.00 | 112.79 | 222.54 | 248.61 | 332.61 | 478.01 | 98.66 | 1,807.40 | ||||||||||
| Power & Fuel Cost | 3.76 | 4.67 | 4.64 | 4.69 | 4.46 | 4.74 | 4.09 | 4.02 | 4.46 | |||||||||||
| Employee Cost | 324.47 | 341.80 | 417.00 | 458.76 | 487.09 | 520.97 | 483.08 | 517.25 | 508.50 | |||||||||||
| Selling & Administrative Expenses | 69.11 | 298.24 | 193.49 | 202.49 | 89.05 | 84.63 | 63.15 | 89.01 | 109.57 | |||||||||||
| Operating & Other expenses | 189.62 | 228.11 | 389.78 | 291.95 | 665.95 | 952.02 | 469.89 | 844.26 | 1,147.95 | |||||||||||
EBITDA | 495.93 | 555.70 | 556.46 | 580.30 | 778.75 | 931.20 | 653.27 | 813.45 | 861.85 | 775.49 | ||||||||||
| Depreciation/Amortization | 26.15 | 36.99 | 38.26 | 36.34 | 38.39 | 47.27 | 51.87 | 65.61 | 66.69 | 65.28 | ||||||||||
| PBIT | 469.78 | 518.71 | 518.20 | 543.96 | 740.36 | 883.93 | 601.40 | 747.84 | 795.16 | 710.21 | ||||||||||
| Interest & Other Items | 1.53 | 1.20 | 13.69 | 25.33 | 10.31 | 9.58 | 8.85 | 12.74 | 21.24 | 6.86 | ||||||||||
| PBT | 468.25 | 517.51 | 504.51 | 518.63 | 730.05 | 874.35 | 592.55 | 735.10 | 773.92 | 703.35 | ||||||||||
| Taxes & Other Items | 156.03 | 178.87 | 176.13 | 176.15 | 260.54 | 258.25 | 160.17 | 218.73 | 231.88 | 222.09 | ||||||||||
| Net Income | 312.22 | 338.64 | 328.38 | 342.48 | 469.51 | 616.10 | 432.38 | 516.37 | 542.04 | 481.26 | ||||||||||
| EPS | 9.99 | 10.84 | 10.51 | 10.96 | 16.69 | 24.64 | 17.64 | 21.49 | 22.56 | 20.03 | ||||||||||
| DPS | 2.48 | 5.44 | 6.06 | 4.40 | 10.20 | 16.00 | 13.00 | 17.00 | 20.50 | 20.25 | ||||||||||
| Payout ratio | 0.25 | 0.50 | 0.58 | 0.40 | 0.61 | 0.65 | 0.74 | 0.79 | 0.91 | 1.01 |
Company Updates
Peers & Comparison
IndustrialsBusiness Support Services
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| RITES Ltd | 21.21 | 4.23 | 4.28% |
| One 97 Communications Ltd | -30.01 | 4.10 | — |
| Kfin Technologies Ltd | 46.15 | 10.38 | — |
| SIS Ltd | 20.05 | 2.98 | — |
Price Comparison
Compare RITES with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.30%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.74%
Top 5 Mutual Funds holding RITES Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India SMALL CAP FUND DIRECT PLAN GROWTH PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2194% | Percentage of the fund’s portfolio invested in the stock 0.68% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 66/214 (-1) |
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7195% | Percentage of the fund’s portfolio invested in the stock 0.87% | Change in the portfolio weight of the stock over the last 3 months 0.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 83/127 (+8) |
Nippon India Value Fund - Direct Plan Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3157% | Percentage of the fund’s portfolio invested in the stock 0.64% | Change in the portfolio weight of the stock over the last 3 months -0.28% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 39/92 (-13) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
RITES has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 4.27%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹42.74 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 8, 2023
Dividend/Share
₹4.50
Ex DateEx Date
Nov 8, 2023
Cash Dividend
Ex DateEx DateSep 8, 2023
Dividend/Share
₹6.00
Ex DateEx Date
Sep 8, 2023
Cash Dividend
Ex DateEx DateAug 7, 2023
Dividend/Share
₹3.75
Ex DateEx Date
Aug 7, 2023
Cash Dividend
Ex DateEx DateFeb 17, 2023
Dividend/Share
₹6.00
Ex DateEx Date
Feb 17, 2023
Cash Dividend
Ex DateEx DateNov 17, 2022
Dividend/Share
₹4.50
Ex DateEx Date
Nov 17, 2022
News & Opinions
RITES eyes high-margin consultancy businesses, hopeful of export orders materialising soon
4 months ago•The Hindu Businessline
RITES, IRFC ink pact to work in transport infrastructure sector
4 months ago•Economic Times
Rites Ltd jumps 2% on receiving order from National Railways of Zimbabwe for supply of rolling stock
5 months ago•Moneycontrol
RITES sees export orders picking up in latter half of this fiscal
6 months ago•The Hindu Businessline
RITES profit after tax increases 6.5% to Rs 138 cr in March quarter
6 months ago•Business Standard
RITES Q4 PAT up 6 per cent
6 months ago•The Hindu Businessline
NTPC Renewable Energy bags 500 MW project from REMCL
7 months ago•The Hindu Businessline
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 10.59%, vs industry avg of 14.29%
Decreasing Market Share
Over the last 5 years, market share decreased from 11.23% to 8.81%