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RITES Ltd

RITES

RITES Ltd

RITES
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹14,446 cr, stock is ranked 428
High RiskStock is 4.12x as volatile as Nifty
302.600.65% (+1.95)
302.600.65% (+1.95)

Price Chart

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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹14,446 cr, stock is ranked 428
High RiskStock is 4.12x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹14,446 cr, stock is ranked 428
High RiskStock is 4.12x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
33.885.312.99%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
49.426.920.55%

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
EPS2.712.632.745.3712.328.8210.7411.289.488.87
DPS2.723.032.205.108.006.508.5010.259.009.50
Payout ratio1.001.150.800.950.650.740.790.910.951.07

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 Ltd31.725.312.99%
One 97 Communications Ltd-34.093.63—
Kfin Technologies Ltd69.6815.030.57%
Indegene Ltd44.5210.49—

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 1.20%

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%2.83%6.81%3.19%14.97%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep3.45%3.98%3.21%4.18%3.50%3.19%

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
2.1994%0.51%-0.05%69/238 (-15)
Aditya Birla Sun Life PSU Equity Fund - Growth - Direct Plan

Growth
0.3392%0.83%-0.13%28/45 (0)
Nippon India Value Fund - Growth - Direct Plan

Growth
0.3365%0.54%-0.05%28/95 (+3)

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 2.99%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.94 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Sep 20, 2024

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

News & Opinions
Corporate
RITES bags new order

RITES pursuant to emergence as Lowest Bidder (L-1) in tender floated by UP State Bridge Corporation Limited has received the Letter of Acceptance on October 28, 2024 from U.P. State Bridge Corporation Limited for Consultancy Services for Construction Supervision 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 order is worth Rs.59.13 crore.Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
Rites partners with NMDC for rail connectivity projects

Rites entered into a Memorandum of Agreement (MoA) with NMDC to provide comprehensive Project Management Consultancy services. This MoA marks a strategic collaboration aimed at developing, upgrading, and creating rail connectivity for NMDC's mines and related facilities across locations. Through this partnership, RITES will offer end-to-end Consultancy services from concept to commissioning, focusing on the reconnaissance survey, feasibility study, Detailed Project Report (DPR), and project management for rail connectivity projects. This includes allied civil works such as roads, bridges, and other infrastructure necessary for efficient transportation and logistics in NMDC's operational areas. The collaboration emphasizes RITES' capabilities in handling complex railway infrastructure projects and NMDC's commitment to enhancing operational efficiencies through modern rail connectivity. With expertise in railway engineering and project management, RITES will assist NMDC in executing these critical projects to streamline the transport of raw material and improve logistical capabilities. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Rites update on order from Karnataka Mining Environment Restoration Corporation

Rites announced that received an order from Karnataka Mining Environment Restoration Corporation for construction of Railway PFT's at Dharmapura and Susheel Nagar in Ballari District under CEPMIZ for KMERC, was earlier awarded on Project Management Consultancy (PMC) basis has now been converted into turnkey basis. The value of the order is Rs 453.99 crore. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
RITES schedules board meeting

RITES will hold a meeting of the Board of Directors of the Company on 6 November 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Volumes jump at Rites Ltd counter

Torrent Power Ltd, Elgi Equipments Ltd, Birla Corporation Ltd, ZF Commercial Vehicle Control System India Ltd are among the other stocks to see a surge in volumes on NSE today, 09 October 2024.Rites Ltd saw volume of 206.41 lakh shares by 14:14 IST on NSE, a 7.93 fold spurt over two-week average daily volume of 26.04 lakh shares. The stock increased 8.99% to Rs.327.35. Volumes stood at 34.94 lakh shares in the last session.Torrent Power Ltd recorded volume of 42.02 lakh shares by 14:14 IST on NSE, a 7.07 times surge over two-week average daily volume of 5.94 lakh shares. The stock gained 6.10% to Rs.1,927.50. Volumes stood at 5.09 lakh shares in the last session.Elgi Equipments Ltd witnessed volume of 11.76 lakh shares by 14:14 IST on NSE, a 5.52 times surge over two-week average daily volume of 2.13 lakh shares. The stock increased 4.81% to Rs.672.50. Volumes stood at 2.5 lakh shares in the last session.Birla Corporation Ltd clocked volume of 5.17 lakh shares by 14:14 IST on NSE, a 3.98 times surge over two-week average daily volume of 1.30 lakh shares. The stock gained 1.10% to Rs.1,232.40. Volumes stood at 96551 shares in the last session.ZF Commercial Vehicle Control System India Ltd recorded volume of 29202 shares by 14:14 IST on NSE, a 3.83 times surge over two-week average daily volume of 7619 shares. The stock lost 0.68% to Rs.15,256.15. Volumes stood at 18518 shares in the last session.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Rites signs MoU with Etihad Rail

RITES signed a Memorandum of Understanding (MoU) with Etihad Rail, the developer and operator of the UAE National Rail Network, to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region. The partnership aims at leveraging strengths of both the entities to explore collaborative opportunities for supply/leasing of rolling stock, consultancy and project management for railway projects, services such repairing of rolling stock and operation & maintenance of railway infrastructure to ensure more efficient and modernised rail services in the UAE and across the region. Another key initiative, under the terms of the MoU, is the capacity analysis of rail corridors in the UAE and nearby geographies, thus aiming to help improving efficiency, streamlining logistics and enhancing trade routes. Emphasizing on innovation and the use of cutting-edge technology, both parties will explore advanced IT solutions for train operations & passenger management and technical inputs on maintenance practices. Leveraging the unique strengths of both entities, the partnership will also entail knowledge transfer, expertise sharing, and workforce development. Comprehensive training programmes and employeeexchange initiatives form crucial elements of the partnershipPowered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
RITES bags contract for supplying overhauled locomotives worth $5.4 million

The locomotives would be fitted with new cape gauge bogies, traction motors, control system air braked, etc. They would be overhauled at nominated facility and an on-site warranty support would be provided for a period of one year. The order has to executed within a period of six months. The value of the aforementioned contract is $5.4 million, which at the prevailing exchange translates to Rs 45.33 crore. 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 September 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 gained 0.34% to currently trade at Rs 296.75 on the BSE. It has hit a high of Rs 298.65 and a low of Rs 292.30 so far in today's trading session. In the last six months, the stock has lost 14.93% while the S&P BSE 500 index has gained 11.45%. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Rites wins export order of USD 5.40 million

RITES has secured an export order worth USD 5.40 million from Ntokoto Rail Holdings for Supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System Air braked, etc. overhauled at nominated facility and on-site warranty support for one year. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Rites signs MoU with Delhi Metro Rail Corporation

RITES signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC), which is renowned for operating and maintaining Delhi's extensive metro rail network. Through this MoU, both organizations will combine their strengths to identify, secure, and execute metro projects in India and abroad. This strategic collaboration will focus on offering services in areas including General Consultancy, Project Management, Detailed Design, Feasibility Studies and others. The partnership aims at tapping opportunities in the urban transit system space, delivering world-class solutions for both domestic and international projects. Also, the alliance syncs with RITES' ongoing efforts to expand its global footprint under its 'RITES Videsh' initiative. With DMRC's extensive experience in metro rail operations and RITES' proven expertise in transport infrastructure, both entities are well-positioned to pursue emerging opportunitiesPowered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
RITES inks MOU with DMRC for exploring Metro works

This strategic collaboration will focus on offering services in areas including General Consultancy, Project Management, Detailed Design, Feasibility Studies and others. The partnership aims at tapping opportunities in the urban transit system space, delivering world-class solutions for both domestic and international projects. Also, the alliance syncs with Rites' ongoing efforts to expand its global footprint under its 'Rites Videsh' initiative. With DMRC's extensive experience in metro rail operations and Rites' proven expertise in transport infrastructure, both entities are well-positioned to pursue emerging opportunities. 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 September 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. Shares of RITES slipped 3.43% to currently trade at Rs 323.20 on the BSE. Powered by Capital Market - Live

4 weeks agoCapital Market - Live