RITES - RITES Limited Share Price

Construction

₹234.06+4.10(+1.78%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does RITES Limited do?

Civil Construction•Construction•Small Cap

RITES Limited, together with its subsidiaries, provides design, engineering consultancy, and project management services in the field of railways, highways, airports, metros, ports, ropeways, urban transport, inland waterways, and renewable energy. The company operates through five segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and Spares; Turnkey Construction Projects; and Power Generation. It is involved in the engineering design and survey, feasibility studies, detailed design and consultancy, project management consultancy, technical audit, third party inspection, quality assurance, construction supervision, and leasing and export of locomotives and rolling stock; turnkey construction; and maintenance and operational facilities such as smart yards, coaching, and freight maintenance depots. The company also constructs railway workshops, track doubling /tripling/quadruplicating, new/additional railway line, railway electrification, redevelopment of railway stations, institutional buildings, wind, solar and other renewable energy projects on a turnkey basis; civil engineering works; and generates power from windmills and solar energy plants. In addition, it offers services in the field of road/railway tunnels engineering, urban engineering, electrical engineering, information technology, transaction, advisory, procurement, railway electrification, rolling stock design, railway equipment, signaling & telecommunications, surveys, and training programs. The company serves central/state governments, public sector undertakings, large corporations, and private enterprises in India, Asia, Africa, and internationally. RITES Limited was incorporated in 1974 and is based in Gurugram, India.

Industry Group:Construction

Employees:1,809

Website:www.rites.com

Description	Share	Value
Consultancy - Domestic	51.5%	295.2 Cr
Turnkey Construction Projects - Domestic	39.0%	223.2 Cr
Leasing -Domestic	7.0%	40.3 Cr
Consultancy -Abroad	2.5%	14.2 Cr
Total		572.9 Cr

Cash Flow for RITES

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-34.2%	4.7	6.62	4.96
Change in inventories	-55.1%	41	90	151
Depreciation	-13.8%	51	59	58
Unrealised forex losses/gains	57.2%	-2.59	-7.38	-2.82
Adjustments for interest income	15.1%	62	54	50
Net Cashflows from Operations	-20%	509	636	467
Income taxes paid (refund)	18.4%	194	164	176
Other inflows (outflows) of cash	-287.3%	-326.69	176	0
Net Cashflows From Operating Activities	-102%	-12.17	647	291
Proceeds from sales of PPE	40.3%	0.54	0.23	0.25
Purchase of property, plant and equipment	3.9%	134	129	139
Proceeds from sales of long-term assets	-	25	0	0
Cash receipts from repayment of advances and loans made to other parties	-	0	0	2.8
Interest received	33.3%	69	52	63
Other inflows (outflows) of cash	76.5%	144	82	143
Net Cashflows From Investing Activities	3276.2%	106	4.11	70
Payments of lease liabilities	-58.5%	1.61	2.47	2.35
Dividends paid	5.6%	457	433	421
Interest paid	-29.5%	2.67	3.37	2.96
Net Cashflows from Financing Activities	-5.1%	-460.85	-438.39	-425.84
Effect of exchange rate on cash eq.	-160%	0.01	2.65	8.86
Net change in cash and cash eq.	-271.3%	-367.2	216	-55.94

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-38.6%	4.71	7.04	7.25
Change in inventories	-55.1%	41	90	151
Depreciation	-9.1%	61	67	66
Unrealised forex losses/gains	-	0	0	-2.81
Adjustments for interest income	18.2%	66	56	51
Net Cashflows from Operations	-11.9%	654	742	495
Income taxes paid (refund)	22%	223	183	185
Other inflows (outflows) of cash	-287.9%	-325.87	175	0
Net Cashflows From Operating Activities	-85.7%	106	735	310
Proceeds from sales of PPE	-	0.54	0	0.26
Purchase of property, plant and equipment	0.7%	137	136	142
Proceeds from sales of investment property	-29.9%	0	0.23	0
Proceeds from sales of long-term assets	-	25	0	0
Cash receipts from repayment of advances and loans made to other parties	-	0	0	2.8
Interest received	38.5%	73	53	64
Other inflows (outflows) of cash	-27.3%	49	67	127
Net Cashflows From Investing Activities	162.5%	11	-15	53
Repayments of borrowings	-104.2%	0	25	7.66
Payments of lease liabilities	-	0	0	2.35
Dividends paid	10.6%	500	452	421
Interest paid	-66.7%	0	0.4	2.16
Other inflows (outflows) of cash	19.1%	-2.68	-3.55	-7.54
Net Cashflows from Financing Activities	-4.3%	-504.08	-483.17	-440.24
Effect of exchange rate on cash eq.	-160%	0.01	2.65	8.86
Net change in cash and cash eq.	-263.2%	-387.31	239	-68.79

Balance Sheet for RITES

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	4.2%	678	651	488	1,018	702	802
Current investments	-	20	0	25	25	90	76
Loans, current	-4.3%	4.78	4.95	4.57	5.38	3.68	3.49
Total current financial assets	2.6%	4,384	4,274	4,418	4,596	4,367	4,260
Inventories	-24.7%	3.96	4.93	31	31	74	119
Current tax assets	4.2%	51	49	41	12	9.85	28
Total current assets	4.1%	4,580	4,399	4,538	4,720	4,599	4,563
Property, plant and equipment	54%	537	349	353	388	365	390
Capital work-in-progress	-85%	27	174	130	95	76	58
Investment property	-	180	0	0	0	0	0.05
Non-current investments	-15.7%	108	128	128	128	153	153
Loans, non-current	9.1%	13	12	12	8.71	9.61	8.75
Total non-current financial assets	17.8%	252	214	236	308	220	386
Total non-current assets	7.8%	1,119	1,038	995	1,033	923	1,035
Total assets	4.8%	5,699	5,437	5,532	5,753	5,522	5,597
Borrowings, non-current	-	0	0	0	0	0	0
Total non-current financial liabilities	27.5%	242	190	200	279	182	168
Provisions, non-current	-17.6%	8.42	10	17	20	29	30
Total non-current liabilities	24.6%	254	204	222	299	212	198
Borrowings, current	-	0	0	0	0	0	0
Total current financial liabilities	11.2%	2,827	2,543	2,710	2,802	2,679	2,798
Provisions, current	-28.4%	49	68	79	78	72	87
Total current liabilities	8.8%	2,966	2,727	2,826	2,950	2,826	3,000
Total liabilities	9.8%	3,219	2,931	3,048	3,250	3,038	3,198
Equity share capital	100.8%	481	240	240	240	240	240
Total equity	-1.1%	2,480	2,507	2,484	2,503	2,484	2,399
Total equity and liabilities	4.8%	5,699	5,437	5,532	5,753	5,522	5,597

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	8%	714	661	498	1,048	707	809
Current investments	-	20	0	25	25	90	76
Loans, current	-4.3%	4.78	4.95	4.57	5.38	3.68	3.49
Total current financial assets	2.6%	4,502	4,386	4,538	4,698	4,467	4,361
Inventories	-24.7%	3.96	4.93	31	31	74	119
Current tax assets	4.3%	50	48	41	21	9.74	26
Total current assets	4.1%	4,698	4,511	4,658	4,832	4,699	4,662
Property, plant and equipment	36.4%	691	507	515	527	528	557
Capital work-in-progress	-85%	27	174	130	101	76	58
Investment property	-	180	0	0	0	0	0.05
Non-current investments	-100.9%	0.04	109	20	20	129	45
Loans, non-current	9.1%	13	12	12	8.71	9.61	8.75
Total non-current financial assets	-25.6%	146	196	130	201	197	279
Total non-current assets	7.3%	1,234	1,150	1,106	1,140	1,041	1,161
Total assets	4.8%	5,932	5,661	5,764	5,972	5,740	5,822
Borrowings, non-current	-	0	0	0	0	0	17
Total non-current financial liabilities	27.5%	242	190	196	279	182	184
Provisions, non-current	-17.6%	8.42	10	17	20	29	30
Total non-current liabilities	24.6%	254	204	222	299	212	215
Borrowings, current	-	0	0	0	0	0	7.67
Total current financial liabilities	11.5%	2,843	2,549	2,731	2,804	2,682	2,809
Provisions, current	-28.4%	49	68	79	78	73	87
Total current liabilities	9.1%	2,985	2,737	2,850	2,954	2,831	3,013
Total liabilities	10.1%	3,239	2,941	3,072	3,253	3,043	3,228
Equity share capital	100.8%	481	240	240	240	240	240
Non controlling interest	-1.8%	110	112	110	115	114	106
Total equity	-1%	2,693	2,721	2,692	2,719	2,697	2,595
Total equity and liabilities	4.8%	5,932	5,661	5,764	5,972	5,740	5,822

Investor Care
Dividend Yield	6.43%
Dividend/Share (TTM)	14.78
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	7.87

Financial Health
Current Ratio	1.57
Debt/Equity	0.00
Debt/Cashflow	0.00

Valuation
Market Cap	11.05 kCr
Price/Earnings (Trailing)	26.31
Price/Sales (Trailing)	4.7
EV/EBITDA	17.96
Price/Free Cashflow	-433.72
MarketCap/EBT	20.11

Fundamentals
Revenue (TTM)	2.35 kCr
Rev. Growth (Yr)	-12.24%
Rev. Growth (Qtr)	9.26%
Earnings (TTM)	420.1 Cr
Earnings Growth (Yr)	-15.06%
Earnings Growth (Qtr)	30.85%

Profitability
Operating Margin	23.32%
EBT Margin	23.36%
Return on Equity	15.6%
Return on Assets	7.08%
Free Cashflow Yield	-0.23%

Income Statement for RITES

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	6.9%	545	510	454	606	653	549
Other Income	9.5%	47	43	21	33	25	51
Total Income	6.9%	592	554	475	639	678	601
Employee Expense	3.3%	125	121	130	124	125	119
Finance costs	-108.5%	0.88	2.42	1.05	0.47	1.88	1.43
Depreciation and Amortization	8.3%	14	13	12	13	13	12
Other expenses	11.7%	346	310	246	337	359	340
Total Expenses	5.2%	469	446	389	475	523	452
Profit Before exceptional items and Tax	14%	123	108	86	164	155	149
Total profit before tax	14%	123	108	86	164	155	149
Current tax	81.2%	30	17	21	38	37	33
Deferred tax	-177.4%	-1.87	4.71	0.31	3.45	-1.13	-0.69
Total tax	28.6%	28	22	22	41	36	32
Total profit (loss) for period	10.6%	95	86	65	123	119	117
Other comp. income net of taxes	61.5%	1.21	1.13	1.28	2.11	1.4	1.33
Total Comprehensive Income	10.5%	96	87	66	125	120	118
Earnings Per Share, Basic	24.1%	1.98	1.79	1.35	2.56	2.465	2.425
Earnings Per Share, Diluted	24.1%	1.98	1.79	1.35	2.56	2.465	2.425

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-8.3%	2,312	2,520	2,575	1,797	2,401	1,969
Other Income	6.8%	127	119	86	150	264	195
Total Income	-7.6%	2,439	2,639	2,661	1,948	2,665	2,164
Employee Expense	-3.4%	491	508	516	481	517	484
Finance costs	-34.2%	4.7	6.62	4.96	2.84	3.04	3.04
Depreciation and Amortization	-13.8%	51	59	58	45	41	32
Other expenses	0.2%	1,270	1,268	1,256	1,136	1,187	1,064
Total Expenses	-4.6%	1,842	1,930	1,987	1,385	1,842	1,487
Profit Before exceptional items and Tax	-15.8%	597	709	675	562	823	677
Total profit before tax	-15.8%	597	709	675	562	823	677
Current tax	-25.3%	140	187	190	144	191	248
Deferred tax	119.9%	3.06	-9.36	-12.65	-6.14	36	-15.65
Total tax	-19.8%	143	178	177	138	226	232
Total profit (loss) for period	-14.5%	454	531	497	424	596	445
Other comp. income net of taxes	10.4%	6.29	5.79	0.76	5.06	-7.07	-1.7
Total Comprehensive Income	-14.2%	460	536	498	429	589	443
Earnings Per Share, Basic	-15.8%	9.45	11.04	10.345	8.61	11.93	8.892
Earnings Per Share, Diluted	-15.8%	9.45	11.04	10.345	8.61	11.93	8.892

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	6.5%	576	541	486	643	683	582
Other Income	85%	38	21	22	24	17	26
Total Income	9.3%	614	562	508	668	700	609
Employee Expense	3.3%	125	121	130	124	125	119
Finance costs	-97.2%	1.04	2.42	1.05	0.48	1.88	1.43
Depreciation and Amortization	7.1%	16	15	14	16	15	14
Other expenses	11.5%	350	314	250	340	365	346
Total Expenses	5.1%	475	452	395	481	531	460
Profit Before exceptional items and Tax	26.6%	139	110	113	187	169	149
Exceptional items before tax	-1100%	0	1.1	0	0	0	0
Total profit before tax	25.5%	139	111	113	187	169	149
Current tax	56.5%	37	24	28	47	45	41
Deferred tax	-186.6%	-2.56	5.11	-3.74	2.98	-2.61	-1
Total tax	21.4%	35	29	25	50	42	40
Total profit (loss) for period	30.1%	109	84	90	137	129	110
Other comp. income net of taxes	-93.1%	1.02	1.29	1.35	2.01	1.48	1.32
Total Comprehensive Income	29.8%	110	85	92	139	130	111
Earnings Per Share, Basic	107.7%	2.08	1.52	1.645	2.625	2.5	2.105
Earnings Per Share, Diluted	107.7%	2.08	1.52	1.645	2.625	2.5	2.105

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-6.7%	2,453	2,628	2,662	1,860	2,474	2,047
Other Income	-15.8%	86	102	83	145	260	192
Total Income	-7%	2,539	2,730	2,745	2,005	2,735	2,240
Employee Expense	-3.2%	492	508	517	483	521	487
Finance costs	-38.6%	4.71	7.04	7.25	6.01	6.92	7.47
Depreciation and Amortization	-58.6%	61	146	66	52	47	38
Other expenses	6.6%	1,286	1,206	1,270	1,152	1,198	1,081
Total Expenses	-4.5%	1,869	1,956	2,011	1,414	1,868	1,518
Profit Before exceptional items and Tax	-13.5%	670	774	734	591	867	722
Exceptional items before tax	-	0	0	0.72	0	0	0
Total profit before tax	-13.5%	670	774	735	591	867	722
Current tax	-15.4%	171	202	201	150	199	259
Deferred tax	1317.2%	4.53	0.71	-4.9	-1.84	42	-18.8
Total tax	-13.9%	175	203	197	148	241	240
Total profit (loss) for period	-13.3%	495	571	539	444	633	490
Other comp. income net of taxes	10.1%	6.12	5.65	0.83	5.2	-7.1	-1.84
Total Comprehensive Income	-13.2%	501	577	539	449	626	488
Earnings Per Share, Basic	-17.6%	9.475	11.28	10.745	8.77	12.32	9.392
Earnings Per Share, Diluted	-17.6%	9.475	11.28	10.745	8.77	12.32	9.392

Pros

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Dividend: Pays a strong dividend yield of 6.43%.

Profitability: Very strong Profitability. One year profit margin are 18%.

Technicals: Bullish SharesGuru indicator.

Cons

Growth: Declining Revenues! Trailing 12m revenue has fallen by -8.7% in past one year. In past three years, revenues have changed by -9.8%.

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: RITES vs Construction

Comprehensive comparison against sector averages

Comparative Metrics

RITES metrics compared to Construction

Category	RITES	Construction
PE	26.31	31.50
PS	4.70	1.59
Growth	-8.7 %	7.3 %

Performance Comparison

RITES vs Construction (2021 - 2025)

Key Insights

1. RITES is among the Top 10 Civil Construction companies but not in Top 5.
2. The company holds a market share of 0.5% in Civil Construction.
3. In last one year, the company has had a below average growth that other Civil Construction companies.

Shareholder Name	Holding %
President of India	72.2%
Life Insurance Corporation of India	5.52%
Nippon Life India Trustee Ltd-A/c Nippon India Small Cap Fund	1.95%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
RVNL	Rail Vikas NigamCivil Construction	75.31 kCr	21.3 kCr	-0.28%	+25.79%	57.9	3.54	-3.41%	-10.62%
KEC	KEC InternationalCivil Construction	19.25 kCr	21.2 kCr	-5.02%	-1.44%	42.38	0.91	+9.69%	+70.02%
IRCON	IRCON InternationalCivil Construction	14.71 kCr	11.51 kCr	-1.17%	-35.87%	19.28	1.28	-10.98%	-18.80%
NCC	NCCCivil Construction	13.3 kCr	22.7 kCr	+1.67%	-14.21%	15.79	0.59	+16.85%	+19.48%
TITAGARH	TITAGARH RAIL SYSTEMSRailway Wagons	10.49 kCr	3.97 kCr	-3.04%	-25.54%	36.23	2.64	+4.40%	+13.31%

RITES - RITES Limited Share Price

What does RITES Limited do?

Revenue Breakdown

Cash Flow for RITES

Balance Sheet for RITES

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Income Statement for RITES

Sector Comparison: RITES vs Construction

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is RITES Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)