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 |
---|---|---|
33.88 | 5.31 | 2.99% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.42 | 6.92 | 0.55% |
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 peersÂOne 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 ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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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 | 2.71 | 2.63 | 2.74 | 5.37 | 12.32 | 8.82 | 10.74 | 11.28 | 9.48 | 8.87 | ||||||||||
DPS | 2.72 | 3.03 | 2.20 | 5.10 | 8.00 | 6.50 | 8.50 | 10.25 | 9.00 | 9.50 | ||||||||||
Payout ratio | 1.00 | 1.15 | 0.80 | 0.95 | 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 | 31.72 | 5.31 | 2.99% |
One 97 Communications Ltd | -34.09 | 3.63 | — |
Kfin Technologies Ltd | 69.68 | 15.03 | 0.57% |
Indegene Ltd | 44.52 | 10.49 | — |
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 1.20%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 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 2.1994% | Percentage of the fund’s portfolio invested in the stock 0.51% | Change in the portfolio weight of the stock over the last 3 months -0.05% | 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 69/238 (-15) |
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 0.3392% | Percentage of the fund’s portfolio invested in the stock 0.83% | Change in the portfolio weight of the stock over the last 3 months -0.13% | 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 28/45 (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 0.3365% | Percentage of the fund’s portfolio invested in the stock 0.54% | Change in the portfolio weight of the stock over the last 3 months -0.05% | 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 28/95 (+3) |
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 2.99%. 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
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
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
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
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
RITES will hold a meeting of the Board of Directors of the Company on 6 November 2024.Powered by Capital Market - Live
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
RITESÂ 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
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
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
RITESÂ 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
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 2.51%, vs industry avg of 14.15%
Decreasing Market Share
Over the last 5 years, market share decreased from 12.34% to 6.48%