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RITES Limited RITES NIFTY_SMALLNSEINFRAPSU

Industrials · Engineering & Construction · India
https://www.rites.com

RITES Limited, together with its subsidiaries, operates as an engineering consultancy company in the field of railways, highways, airports, ports, ropeways, urban transport, and inland waterways. 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 provides consultancy services, including conducting techno-economic and feasibility studies and preparation of detailed project reports, design engineering services, procurement assistance services, project management consultancy services, quality assurance services and inspection, training services, construction supervision, materials system management services, and commissioning support and general transaction advisory services. The company also undertakes construction projects, such as railway line enhancement works for railway systems, modernization of railway workshops, and building works; leases locomotives; and provides quality assurance services, including pre-dispatch inspections, in-process/stage inspections, testing, and conformity assessments. In addition, it offers integrated export packages for rolling stock, including supply, leasing, rehabilitation, maintenance and spare part support; and renders technical consultancy for the establishment of new and modernization of existing workshops, facility planning for rolling stock maintenance, and training and technology transfer. The company serves governments, governmental instrumentalities, public sector enterprises, and large private entities in India, Asia, Africa, and internationally. RITES Limited was incorporated in 1974 and is based in Gurugram, India.

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₹202.24
-26.76% 1Y

Market & Price

Market Cap
₹9,719.73 Cr
Current Price
₹202.24
High / Low (52W)
₹299.64 / ₹175.63
Beta
0.32

Valuation

Stock P/E
23.71
Industry PE
27.78
Forward P/E
17.96
PEG Ratio
-
Book Value
₹54.71
Price to Book
3.70
P/S
4.02
EV/EBITDA
16.17
Dividend Yield
3.76%

Profitability & Returns

ROCE
18.73%
ROE
16.40%
ROA
5.07%
Profit Margin
16.99%
Op Margin
19.74%
EPS (Latest Qtr)
₹2.70
EPS (TTM)
₹8.53

Balance Sheet & Liquidity

Debt/Equity
0.24
Quick Ratio
0.69
Current Ratio
1.67
Debt
₹6.59 Cr
Total Assets
₹5,925.94 Cr
Current Assets
₹4,458.82 Cr
Working Capital
₹1,793.89 Cr

Ownership

Promoter Holding
72.20%
Chg in Prom Hold
-
FII / Inst Holding
10.24%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹8,957.65 Cr
Total Revenue (TTM)
₹2,415.08 Cr
EBITDA
₹554.11 Cr
Free Cash Flow
₹150.37 Cr
Operating Cash Flow
₹327.48 Cr
Shares Outstanding
₹48.06 Cr
Gross Margin
32.08%
Payout Ratio
91.92%

Growth (CAGR)

Revenue 5Y
-2.41%
Profit 5Y
-8.87%
Revenue (YoY)
24.80%
Earnings (YoY)
-2.20%

PROS

  • Attractive dividend yield of 3.76%.
  • Generates positive free cash flow.

CONS

  • Revenue declined at -2.4% CAGR over 5 years.
  • Earnings shrank at -8.9% CAGR over 5 years.
  • Trading 32.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RITES RITES Limited NIFTY_SMALLNSEINFRAPSU 202.24 23.71 ₹9,719.73 Cr 3.76% 18.73% 16.40% -2.41% -8.87%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 602.29 Cr489.74 Cr548.74 Cr608.59 Cr768.26 Cr
Cost of Revenue 251.61 Cr212.37 Cr231.73 Cr282.07 Cr382.53 Cr
Gross Profit 350.68 Cr277.37 Cr317.01 Cr326.52 Cr385.73 Cr
Operating Expenses 181.86 Cr178.71 Cr204.46 Cr201.28 Cr234.07 Cr
Operating Income 168.82 Cr98.66 Cr112.55 Cr125.24 Cr151.66 Cr
EBITDA 212.83 Cr138.50 Cr164.20 Cr171.72 Cr203.15 Cr
Interest Expense 1.29 Cr1.42 Cr76.00 L72.00 L90.00 L
Pretax Income 194.75 Cr121.59 Cr146.38 Cr154.05 Cr185.75 Cr
Tax Provision 53.42 Cr30.70 Cr37.28 Cr38.95 Cr46.40 Cr
Net Income 132.71 Cr80.10 Cr98.21 Cr101.99 Cr129.97 Cr
Diluted EPS 2.761.672.042.122.70

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -2,598.41 Cr2,443.82 Cr2,196.35 Cr2,415.08 Cr
Cost of Revenue -1,184.67 Cr1,148.02 Cr1,021.43 Cr1,108.63 Cr
Gross Profit -1,413.74 Cr1,295.80 Cr1,174.92 Cr1,306.45 Cr
Operating Expenses -712.83 Cr704.94 Cr722.04 Cr818.27 Cr
Operating Income -700.91 Cr590.86 Cr452.88 Cr488.18 Cr
EBITDA -845.56 Cr733.91 Cr632.94 Cr676.77 Cr
Interest Expense -4.95 Cr2.89 Cr5.80 Cr3.00 Cr
Pretax Income -773.92 Cr670.36 Cr565.02 Cr607.77 Cr
Tax Provision -202.95 Cr175.16 Cr141.36 Cr153.33 Cr
Net Income -542.04 Cr455.40 Cr384.80 Cr410.27 Cr
Diluted EPS 10.7411.289.488.01-

Compounded Sales Growth

5 Years:-2.41%
1 Year:24.80%

Compounded Profit Growth

5 Years:-8.87%
1 Year:-2.20%

Stock Price Performance

1 Year:-26.76%
6 Months:-16.87%
3 Months:-7.83%
1 Month:-7.77%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -5,972.33 Cr5,661.44 Cr6,119.20 Cr5,925.94 Cr
Current Assets -4,832.02 Cr4,510.94 Cr4,886.81 Cr4,458.82 Cr
Cash & Equivalents -1,048.17 Cr660.86 Cr688.10 Cr96.03 Cr
Inventory -30.91 Cr4.93 Cr78.08 Cr34.60 Cr
Receivables -989.56 Cr956.48 Cr785.68 Cr931.22 Cr
Total Liabilities -3,253.21 Cr2,940.51 Cr3,369.93 Cr3,131.91 Cr
Current Liabilities -2,953.86 Cr2,736.97 Cr3,189.08 Cr2,664.93 Cr
Long Term Debt 16.98 Cr0---
Total Debt -5.42 Cr8.00 Cr9.03 Cr6.59 Cr
Total Equity -2,603.78 Cr2,609.01 Cr2,640.16 Cr2,681.24 Cr
Shares Outstanding -48.06 Cr48.06 Cr48.06 Cr48.06 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -559.81 Cr431.56 Cr637.06 Cr327.48 Cr
Investing Cash Flow --15.00 Cr11.07 Cr-219.47 Cr126.22 Cr
Financing Cash Flow --483.16 Cr-504.08 Cr-404.52 Cr-423.50 Cr
Capital Expenditure --135.66 Cr-137.21 Cr-132.61 Cr-62.01 Cr
Free Cash Flow -424.15 Cr294.35 Cr504.45 Cr265.47 Cr
Net Change in Cash -61.65 Cr-61.45 Cr13.07 Cr30.20 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -54.4%53.0%53.5%54.1%
Operating Margin % -27.0%24.2%20.6%20.2%
Net Margin % -20.9%18.6%17.5%17.0%
ROE % -20.8%17.5%14.6%15.3%
ROCE % -23.2%20.2%15.5%15.0%

Shareholding Pattern

Insiders
72.20%
Institutions
10.24%
Public Float
36.84%

Analyst View

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