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RITES Ltd

RITES

RITES Ltd

RITES
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹16,346 cr, stock is ranked 416
High RiskStock is 4.00x as volatile as Nifty
690.951.57% (+10.70)
690.951.57% (+10.70)

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1D
1W
1M
1Y
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Max
SIP
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹16,346 cr, stock is ranked 416
High RiskStock is 4.00x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹16,346 cr, stock is ranked 416
High RiskStock is 4.00x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.346.012.65%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.987.230.45%

Forecast & Ratings

Detailed Forecast 
33%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Rites Limited is an engineering and consultancy company. The Company offers transport infrastructure consultancy, engineering and project management services

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 2.51%, vs industry avg of 14.15%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 12.34% to 6.48%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,428.521,561.371,650.982,247.842,742.172,006.092,746.002,730.992,544.442,492.38
Raw Materialssubtract0.000.00112.79222.54248.61332.61478.0198.6636.401,805.75
Power & Fuel Costsubtract4.674.644.694.464.744.094.024.464.84
Employee Costsubtract341.80417.00458.76487.09520.97483.08517.25508.50492.43
Selling & Administrative Expensessubtract298.24193.49202.4989.0584.6363.1589.01109.57105.50
Operating & Other expensessubtract228.11389.78291.95665.95952.02469.89844.261,147.961,152.82
Depreciation/Amortizationsubtract36.9938.2636.3438.3947.2751.8765.6166.6960.6659.00
Interest & Other Itemssubtract1.2013.6925.3310.319.588.8512.7421.2321.434.84
Taxes & Other Itemssubtract178.87176.13176.15260.54258.25160.17218.73231.88214.96196.38
EPS10.8410.5110.9616.6924.6417.6421.4922.5618.9517.74
DPS5.446.064.4010.2016.0013.0017.0020.5018.0019.00
Payout ratio0.500.580.400.610.650.740.790.910.951.07

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 26PDF
May 25PDF
Feb 8PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

May 18PDF
Feb 9PDF
Nov 10PDF
Jul 28PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsBusiness Support Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
RITES Ltd35.896.012.65%
One 97 Communications Ltd-30.173.21
Kfin Technologies Ltd72.9215.720.55%
Indegene Ltd46.7111.01

Price Comparison

Compare RITES with any stock or ETF
Compare RITES with any stock or ETF
RITES
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.44%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding72.20%3.32%7.47%3.50%13.51%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun3.38%3.45%3.98%3.21%4.18%3.50%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding RITES Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
1.8274%0.49%-0.07%66/231 (-12)
Nippon India Value Fund - Growth - Direct Plan

Growth
0.2796%0.52%-0.07%33/89 (+1)
Aditya Birla Sun Life PSU Equity Fund - Growth - Direct Plan

Growth
0.2760%0.77%-0.18%28/46 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.65%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹26.46 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

5.00

Ex DateEx Date

Sep 20, 2024

Past Dividends

Cash Dividend

Ex DateEx DateAug 8, 2024

Interim 1
Interim 1 | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Aug 8, 2024

Cash Dividend

Ex DateEx DateFeb 9, 2024

Interim 3
Interim 3 | Div/Share: ₹4.75

Dividend/Share

4.75

Ex DateEx Date

Feb 9, 2024

Cash Dividend

Ex DateEx DateNov 8, 2023

Interim 2
Interim 2 | Div/Share: ₹4.50

Dividend/Share

4.50

Ex DateEx Date

Nov 8, 2023

Cash Dividend

Ex DateEx DateSep 8, 2023

Final
Final | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Sep 8, 2023

Cash Dividend

Ex DateEx DateAug 7, 2023

Interim 1
Interim 1 | Div/Share: ₹3.75

Dividend/Share

3.75

Ex DateEx Date

Aug 7, 2023

News & Opinions
Spotlight
Rites emerges as L-1 bidder for Rs 60-cr project

The project entails the consultancy services for construction of civil works for supervision, monitoring, quality control and work zone safety for construction of bridges, rail over/under bridges, flyovers and elevated roads including approaches in several districts of Uttar Pradesh. The bid project cost is Rs 60.03 crore and the project is expected to be completed within 36 months from the date of issuance of letter of award. Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 June 2024, the Government of India held 72.20% stake in the company. The company's consolidated net profit declined 24.37% to Rs 90.44 crore in Q1 FY25 as against Rs 119.58 crore recorded in Q1 FY24. Revenue from operations declined 10.76% to Rs 485.76 crore in the quarter ended 30 June 2024 from Rs 544.35 crore posted in Q1 FY24. The scrip rose 0.51% to Rs 667.85 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
RITES emerges lowest bidder for Rs 60 cr UP State Bridge Corporation project

RITES is the lowest bidder (L-1) in the tender floated by UP State Bridge Corporation for Consultancy Services for Construction of Civil works (CSC) for supervision, Monitoring, Quality Control and Work Zone Safety for Construction of Bridges, Rail Over/Under Bridges, Flyovers and Elevated Roads including approaches in several districts of Uttar Pradesh. The estimated value of the bid is Rs. 60.03 crore plus GST. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Rites to collaborate with NBCC (India) for execution of new-age projects

Rites and NBCC (India) have signed a Memorandum of Understanding (MoU) to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning. The partnership entails working synergy among the entities for various sectors and new-age projects in the sphere of urban energy, water management, urban transport & infrastructure, and township development. Rites will offer Consultancy and Project Management services from conceptualization, planning, design, cost estimation to tender documentation, and other pre-construction activities, along with coordination for construction. While NBCC will offer its expertise for project implementation such as tendering, contract management, construction supervision, cost control, quality assurance, handing over/ commissioning and defect liability period.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Rites inks MoU with NBCC

Rites inked pact with NBCC to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning. The partnership entails working synergy among the entities for various sectors and new-age projects in the sphere of urban energy, water management, urban transport & infrastructure, and township development. The company said that it will offer consultancy and project management services from conceptualization, planning, design, and cost estimation to tender documentation and other pre-construction activities, along with coordination for construction. While NBCC will offer its expertise for project implementation such as tendering, contract management, construction supervision, cost control, quality assurance, handing over commissioning and defect liability period, it added. Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 June 2024, the Government of India held 72.20% stake in the company. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. Shares of Rites shed 0.39% to Rs 650.75 while those of NBCC slipped 1.31% to Rs 184.20 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
RITES to hold AGM

RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
RITES AGM scheduled

RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Rites signs MoU HUDCO

 RITES signed a Memorandum of Understanding (MoU) with Housing and Urban Development Corporation (HUDCO). Under this partnership, RITES and HUDCO will collaborate to undertake comprehensive range of consultancy projects/services from concept to commissioning in the infrastructure space. Additionally, RITES will provide consultancy to projects being financed by HUDCO. The collaboration between the Navratna CPSEs has focus on exhaustive domains from metro rail, roads, airports, ports, ropeways, highways, underpasses and flyovers, tunnels, to the emerging sectors such as energy, water resources and hydropower, wastewater and waste management, urban and industrial building design, commercial and institutional projects, and other urban development and infrastructure-related initiatives.Powered by Capital Market - Live

1 month agoCapital Market - Live

RITES expands global reach with international market ventures

1 month agoThe Hindu Businessline

RITES Expands Global Reach with International Market Ventures

1 month agoThe Hindu Businessline
Corporate
Rites fixes record date for 1st interim dividend

Rites has fixed 08 August 2024 as record date for payment of first interim dividend of Rs 2.50 per share for FY 2024-25. Powered by Capital Market - Live

1 month agoCapital Market - Live