Rites Ltd

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

Rites Ltd

₹ 231 -1.70%
27 Mar - close price
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

Business Segments
1) Consultancy (47% in 9M FY25 vs 40% in FY22): [1] [2] The company offers transport consultancy services, including techno-economic and feasibility studies, detailed project reports, design engineering, procurement assistance, and project management, etc. It operates in 55+ countries across Asia, Africa, Latin America, South America, and the Middle East. [3] The segment revenue declined by 8% YoY in 9M FY25, due to a significant dip in Quality Assurance revenue. [4] [5]

Website BSE NSE
  • Market Cap ₹ 11,085 Cr.
  • Current Price ₹ 231
  • High / Low ₹ 398 / 192
  • Stock P/E 29.3
  • Book Value ₹ 53.8
  • Dividend Yield 4.99 %
  • ROCE 25.4 %
  • ROE 17.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.99%.
  • Company has been maintaining a healthy dividend payout of 88.3%

Cons

  • The company has delivered a poor sales growth of 3.68% 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: Miscellaneous Industry: Miscellaneous

Part of Nifty Smallcap 100 BSE CPSE BSE 250 SmallCap Index BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
775 766 605 659 677 687 544 582 683 643 486 541 576
580 562 426 478 484 496 383 445 514 467 380 435 458
Operating Profit 195 204 179 181 193 191 161 138 169 176 106 106 117
OPM % 25% 27% 30% 27% 29% 28% 30% 24% 25% 27% 22% 20% 20%
16 23 32 25 27 19 18 28 19 27 25 22 44
Interest 3 2 1 1 2 2 1 1 2 0 1 2 1
Depreciation 15 24 15 17 19 17 16 14 15 16 14 15 16
Profit before tax 194 201 195 188 199 191 163 150 171 187 115 111 144
Tax % 26% 29% 26% 26% 26% 27% 26% 27% 25% 27% 21% 26% 24%
144 142 145 140 147 139 120 110 129 137 90 82 109
EPS in Rs 2.89 2.85 2.86 2.76 2.91 2.75 2.25 2.10 2.50 2.62 1.64 1.52 2.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,096 1,013 1,218 1,351 1,497 2,047 2,474 1,905 2,662 2,628 2,453 2,246
816 664 871 1,005 1,071 1,469 1,811 1,353 1,933 1,869 1,792 1,740
Operating Profit 280 348 347 347 427 578 663 552 729 759 661 505
OPM % 26% 34% 29% 26% 28% 28% 27% 29% 27% 29% 27% 22%
127 147 208 210 154 200 268 101 84 103 92 117
Interest 2 2 1 14 25 10 10 9 13 21 21 5
Depreciation 20 26 37 38 36 38 47 52 66 67 61 61
Profit before tax 385 468 518 505 519 730 874 593 735 774 670 557
Tax % 32% 33% 34% 33% 31% 33% 28% 25% 27% 26% 26%
261 312 340 337 357 490 633 444 539 571 495 419
EPS in Rs 10.42 12.49 13.55 6.57 6.85 9.39 12.32 9.00 10.74 11.28 9.48 7.86
Dividend Payout % 20% 20% 40% 46% 32% 54% 65% 72% 79% 91% 95%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 9%
TTM: -10%
Compounded Profit Growth
10 Years: 6%
5 Years: -1%
3 Years: 2%
TTM: -18%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 22%
1 Year: -31%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 20%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 100 100 100 200 200 200 250 240 240 240 240 481
Reserves 1,325 1,576 1,707 1,838 2,014 2,222 2,383 2,152 2,248 2,363 2,369 2,103
0 0 173 83 55 48 47 37 28 5 8 10
2,211 1,929 2,531 2,678 2,901 2,956 3,262 3,408 3,326 3,381 3,047 3,338
Total Liabilities 3,636 3,605 4,511 4,799 5,170 5,426 5,943 5,837 5,842 5,991 5,664 5,932
198 212 476 406 402 478 590 584 560 552 535 877
CWIP 20 26 34 5 2 4 4 15 58 101 174 27
Investments 228 226 220 328 133 141 261 289 205 130 109 113
3,190 3,141 3,781 4,060 4,633 4,803 5,088 4,948 5,020 5,208 4,846 4,915
Total Assets 3,636 3,605 4,511 4,799 5,170 5,426 5,943 5,837 5,842 5,991 5,664 5,932

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-89 463 555 410 164 317 516 310 560 432
291 -520 -56 -454 139 50 194 62 -12 -315
-38 39 -215 -217 -279 -419 -708 -376 -308 -504
Net Cash Flow 165 -18 284 -261 24 -52 2 -5 239 -387

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 108 137 161 125 114 109 124 112 101 126 134
Inventory Days 27 32 22 302 20 81 96
Days Payable 165 408 184 572 144 105 589
Cash Conversion Cycle -30 -239 161 125 -47 -161 1 112 77 -367 134
Working Capital Days -508 -438 -420 -449 -454 -297 -237 -333 -233 -219 -203
ROCE % 30% 28% 21% 24% 30% 33% 23% 29% 30% 25%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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%
1.45% 1.48% 2.35% 2.61% 3.37% 3.44% 3.98% 3.22% 4.17% 3.50% 3.20% 3.34%
16.89% 17.26% 17.58% 15.78% 15.89% 15.25% 12.72% 12.27% 11.09% 10.78% 9.63% 8.83%
9.46% 9.06% 7.89% 9.42% 8.53% 9.11% 11.10% 12.31% 12.53% 13.50% 14.95% 15.63%
No. of Shareholders 1,02,2381,01,76195,2361,11,6931,11,7011,23,0741,45,0941,62,9862,35,2962,65,9843,50,2363,91,469

* 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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Documents

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