Rites Ltd

Rites Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rites Ltd

₹ 699 -0.22%
03 Jul 1:08 p.m.
rites.com BSE: 541556 NSE: RITES
About

Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). [1]

Key Points

Products & Services
Locomotives, Coaches, Wagons and Train Sets (including semi-high-speed train sets) in various gauges- Narrow, Meter, Standard, Cape and Broad.
It also operates in Consultancy, Exports, Leasing and Turnkey / EPC segments, providing services like Management Consultancy on Covering various sectors of Railways, Metros, Airports & Land Ports, Highways, Ropeways, Urban Planning & Infra, etc. [1]

Website BSE NSE
  • Market Cap ₹ 16,792 Cr.
  • Current Price ₹ 699
  • High / Low ₹ 826 / 365
  • Stock P/E 37.0
  • Book Value ₹ 104
  • Dividend Yield 2.93 %
  • ROCE 24.0 %
  • ROE 18.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 90.1%

Cons

  • The company has delivered a poor sales growth of 3.26% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
612 332 744 755 744 578 632 651 659 504 549 653 606
447 254 536 576 557 422 474 480 489 377 439 509 461
Operating Profit 166 78 208 179 187 156 158 171 170 126 111 144 145
OPM % 27% 23% 28% 24% 25% 27% 25% 26% 26% 25% 20% 22% 24%
20 27 23 16 21 31 31 25 31 18 51 25 33
Interest 0 0 1 2 1 1 1 2 2 1 1 2 0
Depreciation 12 11 12 13 23 13 15 17 15 14 12 13 13
Profit before tax 174 93 218 180 183 174 173 178 184 129 149 155 164
Tax % 22% 24% 25% 26% 29% 26% 24% 26% 25% 26% 22% 23% 25%
135 70 163 134 130 129 131 132 138 96 117 119 123
EPS in Rs 5.60 2.93 6.79 5.56 5.40 5.38 5.47 5.47 5.76 3.99 4.85 4.93 5.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,011 1,075 1,299 1,434 1,969 2,401 1,843 2,575 2,520 2,312
662 729 985 1,067 1,452 1,798 1,337 1,923 1,864 1,786
Operating Profit 349 346 315 367 517 602 506 652 655 526
OPM % 35% 32% 24% 26% 26% 25% 27% 25% 26% 23%
145 135 207 152 195 264 104 86 119 127
Interest 2 1 2 5 4 3 3 5 7 5
Depreciation 26 32 32 30 32 41 45 58 59 51
Profit before tax 467 448 488 485 677 823 562 675 709 597
Tax % 33% 37% 32% 32% 34% 28% 25% 26% 25% 24%
311 282 331 332 445 596 424 497 531 454
EPS in Rs 24.86 22.56 13.24 13.27 17.79 23.86 17.66 20.69 22.08 18.90
Dividend Payout % 20% 48% 24% 33% 57% 67% 74% 82% 93% 95%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 8%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 3%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 37%
1 Year: 91%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 20%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 100 100 200 200 200 250 240 240 240 240
Reserves 1,570 1,758 1,835 1,999 2,184 2,327 2,082 2,159 2,263 2,267
0 0 0 0 0 7 4 3 5 8
1,898 2,386 2,625 2,838 2,866 3,163 3,309 3,215 3,262 2,923
Total Liabilities 3,568 4,244 4,661 5,037 5,250 5,747 5,635 5,617 5,771 5,437
207 264 262 264 340 412 413 393 392 374
CWIP 10 8 5 2 4 4 15 58 95 174
Investments 236 274 373 180 180 292 314 229 153 128
3,114 3,698 4,021 4,592 4,726 5,039 4,893 4,938 5,132 4,761
Total Assets 3,568 4,244 4,661 5,037 5,250 5,747 5,635 5,617 5,771 5,437

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-92 468 531 380 134 267 468 291 471 315
315 -393 -81 -454 140 89 210 79 7 106
-63 -93 -176 -178 -260 -399 -692 -362 -263 -461
Net Cash Flow 160 -18 274 -252 14 -43 -14 8 216 -41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 137 180 127 117 109 125 112 97 126 139
Inventory Days 32 35 336
Days Payable 404 235 430
Cash Conversion Cycle -235 -20 127 117 109 125 112 3 126 139
Working Capital Days -421 -450 -463 -475 -310 -247 -347 -249 -237 -219
ROCE % 25% 22% 23% 30% 33% 23% 29% 29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20% 72.20%
1.01% 1.11% 1.30% 1.45% 1.48% 2.35% 2.61% 3.37% 3.44% 3.98% 3.22% 4.17%
16.25% 16.53% 16.70% 16.89% 17.26% 17.58% 15.78% 15.89% 15.25% 12.72% 12.27% 11.09%
10.54% 10.16% 9.80% 9.46% 9.06% 7.89% 9.42% 8.53% 9.11% 11.10% 12.31% 12.53%
No. of Shareholders 1,07,6551,00,83797,5391,02,2381,01,76195,2361,11,6931,11,7011,23,0741,45,0941,62,9862,35,296

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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