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RITES Ltd

RITES

RITES Ltd

RITES
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹13,670 cr, stock is ranked 446
High RiskStock is 4.09x as volatile as Nifty
284.452.35% (-6.85)
284.452.35% (-6.85)

Price Chart

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1W
1M
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5Y
Max
SIP
IndustrialsBusiness Support Services
SmallcapWith a market cap of ₹13,670 cr, stock is ranked 446
High RiskStock is 4.09x 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 ₹13,670 cr, stock is ranked 446
High RiskStock is 4.09x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
34.335.023.16%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
49.987.010.55%

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

Investor Presentation

View older 

Nov 6, 2024

PDF
View Older Presentations

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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 Revenue1,428.521,561.371,650.982,247.842,742.172,006.092,746.002,730.992,544.442,445.32
Raw Materialssubtract0.000.00112.79222.54248.61332.61478.0198.6636.401,795.82
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/Amortizationsubtract36.9938.2636.3438.3947.2751.8765.6166.6960.6659.88
Interest & Other Itemssubtract1.2013.6925.3310.319.588.8512.7421.2321.435.83
Taxes & Other Itemssubtract178.87176.13176.15260.54258.25160.17218.73231.88214.96185.55
EPS2.712.632.745.3712.328.8210.7411.289.488.29
DPS2.723.032.205.108.006.508.5010.259.0010.88
Payout ratio1.001.150.800.950.650.740.790.910.951.31

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
Nov 12PDF
FY 2023

Annual report

PDF

Investor Presentation

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

Annual report

PDF

Investor Presentation

Jul 28PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 6PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsBusiness Support Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
RITES Ltd30.025.023.16%
One 97 Communications Ltd-38.154.07—
Kfin Technologies Ltd71.0715.330.56%
Indegene Ltd49.0111.55—

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
2.0641%0.45%-0.09%56/232 (-6)
Nippon India Value Fund - Growth - Direct Plan

Growth
0.3096%0.50%-0.09%62/95 (-31)
HDFC Balanced Advantage Fund - Growth - Direct Plan

Growth
0.1320%0.02%-0.00%100/299 (-1)

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 3.16%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹31.64 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

Cash Dividend

Ex DateEx DateNov 14, 2024

Interim 2
Interim 2 | Div/Share: ₹1.75

Dividend/Share

₹1.75

Ex DateEx Date

Nov 14, 2024

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 fixes record date for 2nd interim dividend

Rites has fixed 15 November 2024 as record date for second interim dividend of Rs 1.75 per share. Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Board of RITES recommends Second Interim dividend

RITES announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the Second Interim dividend of Rs 1.75 per equity Share (i.e. 17.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

3 days agoCapital Market - Live
Earnings
Rites consolidated net profit declines 27.85% in the September 2024 quarter

Net profit of Rites declined 27.85% to Rs 72.98 crore in the quarter ended September 2024 as against Rs 101.15 crore during the previous quarter ended September 2023. Sales declined 7.13% to Rs 540.86 crore in the quarter ended September 2024 as against Rs 582.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales540.86582.36 -7 OPM %19.6523.67 - PBDT126.22164.34 -23 PBT111.28150.28 -26 NP72.98101.15 -28 Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Rites Q2 PAT slides 28% YoY to Rs 73 cr

Revenue from operations fell 7.12% to Rs 540.86 crore in the quarter ended 30 September 2024 from Rs 582.36 crore posted in Q2 FY24. Profit before tax slipped 25.95% year on year (YoY) to Rs 111.28 crore during the second quarter of FY25. Total expenses shed 1.75% to Rs 451.95 crore in Q2 FY25 over Q2 FY24. Employee benefits expense was Rs 121.02 crore (up 1.62% YoY) and finance costs was at Rs 2.42 crore (up 69.23% YoY) during the period under review. On half year basis, the company's net profit tumbled 24.72% to Rs 172.94 crore on 8.88% decline in revenue from operations to Rs 1026.62 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared an interim dividend of Rs 1.75 per share for financial year 2024-25 and has set the record date on 15 November 2024. 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 scrip rose 0.20% to currently trade at Rs 295.25 on the BSE.Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
RITES emerges as L-1 bidder for Delhi Metro project

The project comprises of retrofit work in RS-1 Trains of DMRC. The project has to be executed within a period of 3 years. RITES' share in the tender is approximately Rs 36.36 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 rose 0.64% to currently trade at Rs 296.55 on the BSE. Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Rites consortium wins work order from Delhi Metro Rail Corporation

Rites consortium has received the Letter of Acceptance (LOA) on 05 November 2024 from Delhi Metro Rail Corporation (DMRC) for 'Retrofit Work in RS-1 Trains of DMRC'. Rites share is Rs. 36.36 crore approx. excluding GST. Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
RITES Director ceases

RITES has informed that Shri Anjeev Kumar Jain the Executive Director (Finance) has been relieved from RITES Limited on 01.11.2024, afternoon to join as Director (Finance) of NBCC (India) Limited and thereby ceased to be among the Senior Management of the Company.Powered by Capital Market - Live

1 week agoCapital Market - Live
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

1 week 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

2 weeks 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

2 weeks agoCapital Market - Live