Rites Ltd Share Price

Miscellaneous - Medium / Small

NSE: RITES Small Cap ISIN: INE320J01015
As on 26 December 2024 at 16:00 IST
As on 26 December 2024 at 16:00 IST
278.60
-1.55
(-0.55%)
Over 1 Month
-4.17%
Over 6 Months
-20.68%
Over 1 Year
10.27%
Over 3 Years
116.08%

Rites Ltd Summary

Close 278.60
Open 280.20
High 281.95
Low 277.35
Volume 5,32,639
Net Turnover (in ₹) 12,87,43,752.90
52 Week High 412.98
52 Week Low 245
52Wk High / Low
245
412.98

Rites Ltd Key Financial Data

Market Cap (in ₹ Cr) 13,464.11
EPS (TTM) 8.17
Book Value (BV) 51.60
Div. Yield 3.21
P/E (TTM) 34.28
Price/Book Value 5.43
Delivery % 31.56
Face Value 10

Rites Ltd Key Ratios

P/E ratio 35.15
P/B ratio 6.37
EV to Sales 5.58
PEG Ratio -2.44
ROA 16.74
ROE 18.13
Debt-Equity -
Net Profit Margin 19.64
Operating Profit Margin 28.24

Rites Ltd Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Rites Ltd ₹280.05 ₹13,459.31
GMR Airports Ltd ₹79.15 ₹83,574.29
SJVN Ltd ₹109.90 ₹43,188.45
Sagility India Ltd ₹48.91 ₹22,896.38
International Gemmological Institute (India) Ltd ₹527.70 ₹22,805.07
Godrej Agrovet Ltd ₹724.55 ₹13,930.30

Rites Ltd News

Rites secures a 5-year contract of Rs 122 cr from Meerut Development Authority

18 Dec 2024

RITES bags Rs 123-cr order from Meerut Development Authority

RITES, an engineering consultancy company, has secured an order worth Rs 122.60 crore from the Meerut Development Authority.

18 Dec 2024

Rites wins order from Ministry of External Affairs, Govt. of India

14 Dec 2024

RITES bags Rs 297.67 crore order for integrated check post project

RITES, an engineering consultancy company, has secured an order worth Rs 297.67 crore from the Ministry of External Affairs, Government of India.

14 Dec 2024

Rites spurts on bagging order worth $97.1 million from Guyana Govt

Rites rallied 3.24% to Rs 305.60 after the company has been emerged as top scorer (H-1 bidder) for an order worth $97.13 million from the Ministry of Public Works, Government of the Co-operative Republic of Guyana.

09 Dec 2024

Rites Ltd Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue2,438.922,638.782,661.161,947.552,665.05
Total Expenses1,842.051,930.241,986.601,385.201,842.44
Profit Before Tax596.87708.54674.56562.35822.61
Profit After Tax454.11530.54497.10424.35596.39
Operating Profit after Depreciation601.57715.16679.52565.19825.65

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets374.50391.84392.47412.91411.95
Total Non Current Assets1,038.361,032.941,034.83885.07774.16
Total Current Assets4,399.074,719.734,562.644,746.194,973.11
TOTAL ASSETS5,437.435,752.675,597.475,631.265,747.27
Total Shareholder's Fund2,506.872,503.042,399.262,321.932,576.62

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities314.52471.47291.09468.18266.81
Net Cash used in Investing Activities-220.87182.5778.81209.8589.29
Net Cash used in Financing Activities-460.85-438.39-361.59-691.92-399.16

Rites Ltd Corporate Actions

Rites Ltd

₹1.75/Share

Announcement Date 14 Nov 2024
Record Date 15 Nov 2024
Div Yield 17.5%

About Rites Ltd

RITES Ltd, established in 1974, stands as a prominent transport consultancy and engineering firm in India. As a public sector enterprise under the Ministry of Railways, the company benefits from strong government backing. It serves as the export arm of Indian Railways for rolling stock.

Operating from its headquarters in Gurgaon, Haryana, RITES Ltd has cultivated extensive expertise across multiple transport infrastructure domains. The company’s comprehensive service portfolio encompasses transport infrastructure consultancy and railway inspection services. They also manage airport construction projects and provide specialised industrial services.

The company’s registered office is located at Scope Minar, Laxmi Nagar, Delhi. Meanwhile, the registrar’s office is situated at Beetal House Near Dada Harsukhdas Mandir. A team of managerial promoters oversees the company’s diverse operations. They include
  • Rahul Mithal
  • Arun Kumar Singh
  • Laxman Tammanna Tapashi
  • Likha Togu
  • Sandeep Jain

Being government-promoted, RITES Ltd maintains substantial promoter shareholding through the Government of India. This means the President owns about 72.20% stake, reinforcing its position as a trusted public sector enterprise.

What distinguishes RITES Ltd is its versatile approach to transport infrastructure development. Their services play a crucial role in enhancing transport systems domestically and internationally. It is not necessarily the market leader in terms of capitalization or market share. However, the company has established itself as a reliable provider of comprehensive transport infrastructure solutions.

The organisation’s expertise spans various facets of the engineering and consultancy sector. Their experience positions them well to deliver high-quality solutions across their project portfolio. As a result, RITES Ltd continues to contribute to transport infrastructure development in India and beyond.

How RITES is Revolutionising Indian Railway Infrastructure

RITES Limited is a transportation infrastructure consulting company. It is playing a pivotal role in revolutionising Indian railway infrastructure. As a Navratna and Schedule ‘A’ Central Public Sector Enterprise under the Ministry of Railways, the firm has been instrumental in shaping the transport landscape in India. With a rich legacy, RITES Ltd has undertaken projects in over 55 countries, showcasing its expertise in various sectors. This includes railways, highways, metros, tunnels, bridges and green mobility.

One of the key areas where RITES is making a significant impact is the development of metro projects. The company recently signed a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC). It is to collaborate on metro projects in India and abroad. This partnership aimed to leverage the strengths of both organisations. As a result, it allowed the company to manage and maintain metro systems. It also helped it provide world-class urban transit solutions. RITES and DMRC seek to tap into growing opportunities in the metro sector by pooling resources and expertise.

RITES is also expanding its international presence in the railway sector. The company recently secured a major international contract for the supply, commissioning, and one-year onsite warranty of an overhauled in-service Cape Gauge 3100 HP diesel-electric locomotive. This contract was awarded by Tsiko Africa Logistics (Pty) Limited. It demonstrates RITES' expertise in railway engineering and logistics. As a result, RITES is expanding its global footprint. The company is also contributing to the development of railway infrastructure in other countries.

RITES is actively involved in various railway infrastructure projects in India. The company is working on high-speed passenger corridors and railway electrification. It is also working on the production units and workshop modernization. These projects are aimed at enhancing the efficiency, safety, and sustainability of the Indian railway.

RITES is focusing on sustainability and green mobility. The company is offering integrated solutions for sustainable infrastructure. This includes the development of low-carbon transportation systems. The firm is adopting innovative systems and technologies. As a result, it is contributing to the transition towards a greener and more sustainable future. This commitment to sustainability is evident in its projects. For instance, the leasing of locomotives to Adani Port for the transportation of raw materials and the export of ‘Make in India’ 3000 HP Cape Gauge AC-AC locomotives to Mozambique.

RITES’ approach to innovation and transformation is driving its success in the railway sector. The company is continuously innovating and adopting new systems to meet the evolving needs of the industry. This has ensured the timely execution of projects and fostered cooperation and collaboration. As a result, RITES is delivering high-quality solutions and services. The company’s market capitalization and recognition as a Navratna enterprise are testaments to its high-quality solutions and services.

Overall, RITES is revolutionising Indian railway infrastructure through its expertise in metro projects and various railway infrastructure projects. The company is committed to sustainability, innovation, and execution. This is driving its success and contributing to the development of a more efficient and sustainable railway network in India. With its strategic partnerships and global presence, RITES is well-positioned to continue making a major impact on the transport landscape in India and beyond.

Rites Ltd Stock Analysis

  1. Annual revenue for Rites Ltd decreased by 7.57% to ₹2,438.92 crore in FY 2024 from ₹2,638.78 crore in FY 2023.
  2. Annual Net Profit for Rites Ltd decreased by 14.41% to ₹454.11 crore in FY 2024 from ₹530.54 crore in FY 2023.
  3. Promoter Shareholding in Rites Ltd remains unchanged by 0.00% in the most recent quarter, from 72.20% in June 2024 to 72.20% in September 2024.
  4. Rites Ltd delivered a 1-year return of 10.27% compared to the Nifty 50, which provided a return of 10.66% as of the last trading session.
  5. Rites Ltd share price moved down by 0.55% from its previous close of INR ₹280.15. The latest Rites Ltd share price is INR ₹278.60.
  6. Rites Ltd share price today has been at a low of 277.35 and a high of 281.95. Over the past 52 weeks, the Rites Ltd share price has seen a low of 245 and a high of 412.98.

FAQ’s

What is the share price of Rites Ltd today?

Rites Ltd share price as on 26 Dec 2024 is ₹ 278.6

What is the Market Cap of Rites Ltd?

The market cap of Rites Ltd stock is ₹13,464.11 Cr.

What is the PE Ratio of Rites Ltd?

The Price to Earnings (P/E) Ratio of Rites Ltd is 35.15

What is the PB Ratio of Rites Ltd?

The Price to Book (P/B) Ratio of Rites Ltd is 6.37

What is the 52 week high of Rites Ltd Share Price?

The 52 week high of Rites Ltd share price stands at ₹412.98

What is the 52 week low of Rites Ltd Share Price?

The 52 week low of Rites Ltd share price stands at ₹245

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