RITES Ltd
RITESRITES Ltd
RITESPrice 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 |
---|---|---|
38.52 | 6.04 | 2.63% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
51.18 | 7.12 | 0.46% |
Forecast & Ratings
Detailed Forecast from 3 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
Peers
Compare with peersOne 97 Communications Ltd
Kfin Technologies Ltd
Indegene Ltd
SIS Ltd
Awfis Space Solutions 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 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,428.52 | 1,561.37 | 1,650.98 | 2,247.84 | 2,742.17 | 2,006.09 | 2,746.00 | 2,730.99 | 2,544.44 | 2,492.38 | ||||||||||
Raw Materials | 0.00 | 0.00 | 112.79 | 222.54 | 248.61 | 332.61 | 478.01 | 98.66 | 36.40 | 1,805.75 | ||||||||||
Power & Fuel Cost | 4.67 | 4.64 | 4.69 | 4.46 | 4.74 | 4.09 | 4.02 | 4.46 | 4.84 | |||||||||||
Employee Cost | 341.80 | 417.00 | 458.76 | 487.09 | 520.97 | 483.08 | 517.25 | 508.50 | 492.43 | |||||||||||
Selling & Administrative Expenses | 298.24 | 193.49 | 202.49 | 89.05 | 84.63 | 63.15 | 89.01 | 109.57 | 105.50 | |||||||||||
Operating & Other expenses | 228.11 | 389.78 | 291.95 | 665.95 | 952.02 | 469.89 | 844.26 | 1,147.96 | 1,152.82 | |||||||||||
EBITDA | 555.70 | 556.46 | 580.30 | 778.75 | 931.20 | 653.27 | 813.45 | 861.84 | 752.45 | 686.63 | ||||||||||
Depreciation/Amortization | 36.99 | 38.26 | 36.34 | 38.39 | 47.27 | 51.87 | 65.61 | 66.69 | 60.66 | 59.00 | ||||||||||
PBIT | 518.71 | 518.20 | 543.96 | 740.36 | 883.93 | 601.40 | 747.84 | 795.15 | 691.79 | 627.63 | ||||||||||
Interest & Other Items | 1.20 | 13.69 | 25.33 | 10.31 | 9.58 | 8.85 | 12.74 | 21.23 | 21.43 | 4.84 | ||||||||||
PBT | 517.51 | 504.51 | 518.63 | 730.05 | 874.35 | 592.55 | 735.10 | 773.92 | 670.36 | 622.79 | ||||||||||
Taxes & Other Items | 178.87 | 176.13 | 176.15 | 260.54 | 258.25 | 160.17 | 218.73 | 231.88 | 214.96 | 196.38 | ||||||||||
Net Income | 338.64 | 328.38 | 342.48 | 469.51 | 616.10 | 432.38 | 516.37 | 542.04 | 455.40 | 426.41 | ||||||||||
EPS | 10.84 | 10.51 | 10.96 | 16.69 | 24.64 | 17.64 | 21.49 | 22.56 | 18.95 | 17.74 | ||||||||||
DPS | 5.44 | 6.06 | 4.40 | 10.20 | 16.00 | 13.00 | 17.00 | 20.50 | 18.00 | 19.00 | ||||||||||
Payout ratio | 0.50 | 0.58 | 0.40 | 0.61 | 0.65 | 0.74 | 0.79 | 0.91 | 0.95 | 1.07 |
Company Updates
Annual report
PDFPeers & Comparison
IndustrialsBusiness Support Services
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
RITES Ltd | 36.06 | 6.04 | 2.63% |
One 97 Communications Ltd | -29.43 | 3.14 | — |
Kfin Technologies Ltd | 70.35 | 15.17 | 0.57% |
Indegene Ltd | 45.57 | 10.74 | — |
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 1.44%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
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 - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.8087% | Percentage of the fund’s portfolio invested in the stock 0.49% | Change in the portfolio weight of the stock over the last 3 months -0.07% | 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 66/231 (-12) |
Aditya Birla Sun Life PSU Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2818% | Percentage of the fund’s portfolio invested in the stock 0.77% | Change in the portfolio weight of the stock over the last 3 months -0.18% | 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 28/46 (0) |
Nippon India Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2735% | Percentage of the fund’s portfolio invested in the stock 0.52% | Change in the portfolio weight of the stock over the last 3 months -0.07% | 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 33/89 (+1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
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
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 20, 2024
Dividend/Share
₹5.00
Ex DateEx Date
Sep 20, 2024
Cash Dividend
Ex DateEx DateAug 8, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Aug 8, 2024
Cash Dividend
Ex DateEx DateFeb 9, 2024
Dividend/Share
₹4.75
Ex DateEx Date
Feb 9, 2024
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
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
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
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
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
RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live
RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live
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
RITES expands global reach with international market ventures
RITES Expands Global Reach with International Market Ventures
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 2.51%, vs industry avg of 14.36%
Decreasing Market Share
Over the last 5 years, market share decreased from 12.18% to 6.36%