Rites Ltd Stock Analysis

BSE: 541556 | NSE: RITES | Engineering | Mid Cap

BSE Share Price 25-Nov-2022 18:01
390.45 -3.30 (-0.84%)

DeciZen - Make an Informed Decision on Rites

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rites Price Chart

P/E Ratio (CD) :
17.20
Market Cap :
9,382.6 Cr.
52-wk low :
226.1
52-wk high :
433.2
Bole Toh?

1. Is Rites Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rites Ltd is a good quality company.

2. Is Rites Ltd undervalued or overvalued?

The key valuation ratios of Rites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Rites Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Rites Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Rites:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rites Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%23.6%18.6%16.1%13.7%15.5%19%22.5%16.4%19.9%-
Value Creation Index NA0.70.40.20.00.10.40.70.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 01,0971,0171,1021,4851,4972,0472,4741,9052,6622,797
YoY Gr. Rt. %-NA-7.3%8.4%34.7%0.9%36.7%20.9%-23%39.7%-
Adj EPS 010.51212.211.113.518.323.717.82122.7
YoY Gr. Rt. %-NA13.8%1.5%-8.9%21.8%35.6%29.4%-24.8%17.8%-
BVPS (₹) 056.265.375.581.588.596.9105.399.5103.6107.5
Adj Net Profit 0263299303277338457592428504545
Cash Flow from Ops. 0333-93.9463555410164317516310-
Debt/CF from Ops. 00.2-10.30.20.10.30.10.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA12.4%9.1%39.7%
Adj EPS NA13.6%4.7%17.8%
BVPS 04.92.34
Share Price - - 11.5% 43%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 025.819.717.314.115.919.723.417.120.721.5
Op. Profit Mgn % 022.632.233.124.127.928.126.728.927.227.2
Net Profit Mgn % 02429.427.92023.622.924.32319.819.5
Debt to Equity 00.10.10.10000000
Working Cap Days 0273389369283259197196287221642
Cash Conv. Cycle 033721059790727811567255

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.50%

Sales growth is good in last 4 quarters at 37.21%

Sales growth has been subdued in last 3 years 9.14%

Net Profit has been subdued in last 3 years 4.68%

Latest Financials - Rites Ltd.

Standalone Consolidated
TTM EPS (₹) 21.8 22.7
TTM Sales (₹ Cr.) 2,700 2,797
BVPS (₹.) 103.4 107.5
Reserves (₹ Cr.) 2,244 2,342
P/BV 3.78 3.63
PE 17.90 17.20
From the Market
52 Week Low / High (₹) 226.05 / 433.20
All Time Low / High (₹) 152.00 / 433.20
Market Cap (₹ Cr.) 9,383
Equity (₹ Cr.) 240.3
Face Value (₹) 10
Industry PE 23.7

Management X-Ray of Rites :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rites

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Rites Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rites on 25-Nov-2022 18:01 is : 390.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of Rites stood at ₹ 9,382.6.
The latest PE ratio of Rites as of 25-Nov-2022 18:01 is 17.90.
The latest PB ratio of Rites as of 25-Nov-2022 18:01 is 3.78
The 52-week high of Rites is ₹ 433.2 and the 52-week low is ₹ 226.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rites is ₹ 2,700 ( Cr.) .

About Rites Ltd

RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management. RITES Ltd., an ISO 9001:2015 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants / firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

RITES is internationally recognized as a leading consultant with operational experience of over 55 countries in Asia, Africa, Latin America, South America and Middle East regions. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

Business area of the company

The company is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies. It has significant presence as a transport infrastructure consultancy organization in the railway sector. However, it also provides consultancy services across other infrastructure and energy market sectors including urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy.

Sectors of operation

  • Workshop
  • Airports
  • Architecture & Planning
  • Bridge & Tunnel Engineering
  • Construction Project Management
  • Environmental Engg./Urban Engg.
  • Electrical Engineering
  • Expotech
  • Financial Management
  • Geotechnology
  • Highways
  • Industrial Engineering
  • Information Technology
  • Materials System Management
  • Railway Equipment Services
  • Port & Water Resources
  • Privatisation & Concessions, IT
  • Quality Assurance
  • Railway Electrification
  • Railways
  • Rolling Stock Design
  • Ropeways
  • Signal & Telecom
  • Surveys
  • Training
  • Urban Transport & UI
  • Railway Infrastructure

Awards

  • 2012-13: Received the EEPC Gold Trophy for Top Exporter in 2012-13, from EEPC India.
  • 2012-13: Received ‘Gold Plate Award 2011-12’ from HelpAge India for contribution towards cause and care of the underprivileged and elderly.
  • 2012-13: Received ‘JGBS Top Rankers Excellence - Financial Pride Award’ from Jindal Global Business School.
  • 2013-14: Received ‘Special Commendation for the Golden Peacock Award for Corporate Social Responsibility, 2013’ at the Golden Peacock Awards.
  • 2013-14: Received ‘National Award for Excellence in Cost Management-2013 (Second Award in Public Service Sector (Large)) from the Institute of Cost Accountants of India.
  • 2014-15: Received ‘Legend PSU of The Year’ Award in the category of Transport Infrastructure Services by the News Ink National Awards.
  • 2015-16: Received ‘National Award for Excellence in Cost Management-2015 (Second Position - Public Service Sector Medium); from the Institute of Cost Accountants of India.
  • 2016-17: Received the ’Corporate Governance & Sustainability Vision Award – 2017’ by Indian Chamber of Commerce.
  • 2016-17: Received the Golden Peacock National Quality Awards (GPNQA) category for the year 2017.
  • 2017-2018: Received ‘India Pride Awards 2017-18’ for excellence in Miniratna -1 category from Dainik Bhaskar.
  • 2017-2018: Received the 47th Export Awards, Northern Region for export excellence from EEPC India, Northern Region.
  • 2018-19: EEPC Top Exporters Gold Trophy, Merchant Exporter” Regional Award (Northern) for Export Excellence for the year 2015-16 (EEPC, Ministry of Commerce).
  • 2018-19: Dainik Bhaskar Group’s initiative India Pride Award 017-18 for excellence in performance and services.
  • 2018-19: The Governance now Digital PSU Award in Mini Ratna category.
  • 2018-19: Skoch merit award’ for CSR project of skill development centre in Udaipur.
  • 2019-20: 49thEEPC (Northern Region) Award for Export Excellence.
  • 2019-20: PSE Excellence Award by Indian Chamber Of Commerce.
  • 2019-20: National Project Excellence Award by Project Management Association.
  • 2019-20: Project of the Year Award (Small Category) By Project Management Institute.
  • 2019-20: Award of Excellence for the Best Law Department in PSU Category by Indian Corporate Council Association (ICCA).
  • 2019-20: Active Customer Engagement Award at Customer Obsession-2019.
  • 2019-20: Governance Now PSU Award (Digital Technology).
  • 2019-20: Award for CSR Activities.

Milestones

  • 1975-76: Entered into a consultancy agreement for conducting techno-economic study for Syrian Railways.
  • 1985-86: Development of geotechnical centre for field and laboratory investigations.
  • 1994-95: Entered into a consultancy project agreement for providing services in relation to the Mass Rapid Transit System for Delhi Government.
  • 1998-99: Entered into a contract with Delhi Metro – Phase I project for providing construction management and consultancy services to Delhi Metro Rail Corporation.
  • 2004-05: Detail design consultancy services for the 12.5 km long railway tunnel in India, the Pir- Panjal railway tunnel.
  • 2005-06: Proposal for providing design, construction supervision and post construction services for Francistown-Ramakgwebana Road project, Botswana was accepted.
  • 2009-10: Formed a Joint Venture Company (JVC) with SAIL for manufacturing of wagons, including high end specialized wagons for Indian Railways and other domestic and overseas customers.
  • 2012-13: Set-up a subsidiary in collaboration with Indian Railways for generation and procurement of power including through renewable energy.
  • 2016-17: Entered into an agreement with Metro Express for providing construction management services for the Metro Express Project in Mauritius.
  • 2016-17: Entered into off-shore construction management project of metro in Mauritius.
  • 2016-17: Entered into railway concessioning agreement on PPP model by forming an SPV for Bhuj-Naliya corridor.
  • 2016-17: Secured highest value export order of about Rs 6,800 million from Sri Lankan Railways for supply of locomotives and DMUs.
  • 2016-17: Recorded highest ever revenue of over Rs 15,000 million in the history of the company.
  • 2017-18: Completed 4.56 km long rail cum road Bogibeel Bridge
  • 2017-18: New campus constructed by RITES for Central University of Kerala at Kasargod, Kerala.
  • 2018-19: Setting up of Wind Plant of 10.5 MW, Tamil Nadu
  • 2018-19: Open Web Girder Launched over Central Railway Track for Metro Crossing
  • 2019-20: RITES signs contract with Sri Lanka for supply of 2 additional DEMUs
  • 2019-20: RITES signs MoU with RailTel
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