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Rites Ltd (RITES) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 541556 NSE: RITES | Engineering Consultancy | Small Cap

Rites Share Price

205 -2.20 (-1.06%)
As on 13-Apr'26 16:59

Rites Ltd (RITES)

BSE: 541556 NSE: RITES
Key Metrics
Market Cap
₹9,852 Cr.
P/E Ratio
23.86
Price to Book (P/B)
3.59
Price to Sales (P/S)
4.35
EV/EBITDA
10.04
Return on Capital Employed (ROCE)
21.75%
Current Price
₹205
Return on Equity (ROE)
16.14%
Return on Assets (ROA)
7.22%
Operating Profit Margin
23.2%
Net Profit Margin
19.1%
Gross Profit Margin
23.8%
Book Value per Share
₹57.1
Sales Growth (YoY)
-9.58%
Sales Growth (3 Years)
-5.9%
Operating Profit Growth (1 Year)
-20.05%
Operating Profit Growth (3 Years)
-10.72%
Net Profit Growth (1 Year)
-14.45%
52-Week Low / High
₹175 / 316
Net Profit Growth (3 Years)
-7.69%
Dividend Yield
3.38%
Promoter Holding
72.20%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1
Rites Ltd revenue growth is -9.6% for FY-2025 , which is below its 5 year CAGR of -2.2% , indicating slower growth.
Q.1
Promoters hold 72.20% of the Rites Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1
Rites Ltd revenue CAGR is -2.17% , compared to the industry median CAGR of 0.00% , indicating stable growth and maintaining its market share.
Q.1
Rites Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Engineering Consultancy segment.
Q.1
Over the last 9 years, the stock has delivered a CAGR of 0% based on the current price.

DeciZen - make an informed investing decision on Rites

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Rites stock performance

Key Ratios
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Is Rites Ltd an attractive stock to invest in?


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10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.9%25.1%24.2%31.2%34.3%23.5%30.1%30.5%25.9%21.8%-
Value Creation
Index
1.10.90.81.21.50.71.21.30.90.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1021,3511,4972,0472,4741,9052,6622,6282,4532,2182,263
Sales YoY Gr.-22.7%10.8%36.7%20.9%-23%39.7%-1.3%-6.7%-9.6%-
Adj EPS 6.15.56.89.211.88.910.510.79.47.98.6
YoY Gr.--9%21.8%35.6%29.4%-24.8%17.7%1.9%-12.5%-15.9%-
BVPS (₹) 37.840.844.348.452.749.851.854.254.354.957.1
Adj Net
Profit
304277338457592428504514449378413
Cash Flow from Ops. 463555410164317516310560432637-
Debt/CF from Ops. 0.30.20.10.30.10.10.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%-2.2%-5.9%-9.6%
Adj EPS 2.9%-7.9%-9.2%-15.9%
BVPS4.3%0.8%2%1.2%
Share Price - 11.1% 6% -8.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.314.115.919.723.417.120.720.217.214.415.3
Op. Profit
Mgn %
33.126.527.928.126.728.927.228.326.323.225.3
Net Profit
Mgn %
27.721.223.523.324.623.119.820.62018.818.3
Debt to
Equity
0.1000000000-
Working Cap
Days
369311232176176252202205217237365
Cash Conv.
Cycle
1051107761669557586259131

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) 8.3 8.6
TTM Sales (₹ Cr.) 2,126 2,263
BVPS (₹) 54.4 57.1
Reserves (₹ Cr.) 2,132 2,265
P/BV 3.77 3.59
PE 24.71 23.86
From the Market
52 Week Low / High (₹) 175.10 / 316.15
All Time Low / High (₹) 76.00 / 413.07
Market Cap (₹ Cr.) 9,852
Equity (₹ Cr.) 480.6
Face Value (₹) 10
Industry PE 26.9

Management X-Ray

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 (%)

Valuation of Rites - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,1021,3511,4972,0472,4741,9052,6622,6282,4532,218
Operating Expenses + 7379931,0801,4711,8141,3561,9381,8831,8091,703
Manufacturing Costs1541792827037957056141,0091,1001,065
Material Costs13825315312734354629187613
Employee Cost 341417459487521483517509492503
Other Costs 105145187155155114178178155132
Operating Profit 365358417576661550724745644515
Operating Profit Margin (%) 33.1%26.5%27.8%28.1%26.7%28.8%27.2%28.3%26.3%23.2%
Other Income + 1922101541932611008310286106
Exceptional Items 0000000000
Interest 114139767756
Depreciation 35383638475266676162
Profit Before Tax 518505519730874593735774670565
Tax 178167162240241148197203175141
Profit After Tax 340337357490633444539571495424
PAT Margin (%) 30.9%24.9%23.8%23.9%25.6%23.3%20.2%21.7%20.2%19.1%
Adjusted EPS (₹)6.86.66.99.412.39.010.711.39.58.0
Dividend Payout Ratio (%)40%41%32%54%65%72%79%91%95%94%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,8832,0382,2142,4222,6332,3922,4892,6042,6092,640
Share Capital 100200200200250240240240240481
Reserves 1,7831,8382,0142,2222,3832,1522,2482,3632,3692,160
Debt +111764840332517000
Long Term Debt111764840332517000
Short Term Debt0000000000
Minority Interest264457728188106115112109
Trade Payables907377199136296181302220364
Others Liabilities 2,2792,5402,7222,6223,0233,0052,9982,9202,6942,985
Total Liabilities 4,3884,7715,1175,3545,9065,8065,7915,9415,6356,099

Fixed Assets

Net Fixed Assets +419405401477590584560552535596
Gross Block5814785106247838248629199521,064
Accumulated Depreciation16373109147192239302367417468
CWIP 95244155810117448
Investments 251328133141261289205130109117
Inventories115091051128611931578
Trade Receivables534462468610844584740907900740
Cash Equivalents flag 2,5512,8873,5963,5063,6133,3573,2993,4493,1413,375
Others Assets 6136345085115836908107727701,145
Total Assets 4,3884,7715,1175,3545,9065,8065,7915,9415,6356,099

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 463555410164317516310560432637
PBT 518505519730874593735774670565
Adjustment -140-777-109-99-675634-1-28
Changes in Working Capital 27029465-216-24992-296-65-15265
Tax Paid -184-167-181-242-210-102-185-183-223-165
Cash Flow From Investing Activity + -570-58-4591373818453-1511-219
Capex -194-15-62-152-112-80-142-135-137-132
Net Investments -504-139-517168291671256674-148
Others 128961201201229769547461
Cash Flow From Financing Activity + 38-215-217-279-419-708-440-483-504-405
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000-8-2500
Interest Paid 0-12-9-7-5-5-5-4-3-5
Dividend Paid -77-146-148-215-330-366-425-452-500-397
Others 115-57-60-57-84-337-2-2-2-2
Net Cash Flow -68282-26722-64-9-7862-6113

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.3817.1916.7721.1325.0517.6822.0722.421916.14
ROCE (%)27.8725.1324.2431.234.2923.4830.0730.5225.921.75
Asset Turnover Ratio0.270.30.340.440.490.370.50.510.490.44
PAT to CFO Conversion(x)1.361.651.150.330.51.160.580.980.871.5
Working Capital Days
Receivable Days149134101869612083100116116
Inventory Days987982525926
Payable Days2611181793971781,4721394711,5570

Top 5 Mutual Funds Holding

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Announcements

Rites Ltd FAQs

The current trading price of Rites on 13-Apr-2026 16:59 is ₹205.0.

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 12-Apr-2026 the market cap of Rites stood at ₹9,852.4 Cr

The latest P/E ratio of Rites as of 12-Apr-2026 is 24.71.

The latest P/B ratio of Rites as of 12-Apr-2026 is 3.77.

The 52-week high of Rites is ₹316.1 and the 52-week low is ₹175.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rites is ₹2,126 ( 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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