Rites
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Rites share price

Rites Ltd.

NSE: RITES BSE: 541556 SECTOR: Engineering  169k   1k   182

694.75
+8.50 (1.24%)
NSE: 26 Apr 04:02 PM

Price Summary

Today's High

₹ 707.5

Today's Low

₹ 683

52 Week High

₹ 825.95

52 Week Low

₹ 364.8

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 16694.97 Cr.

Enterprise Value

₹ 13298.31 Cr.

No. of Shares

24.03 Cr.

P/E

35.57

P/B

6.41

Face Value

₹ 10

Div. Yield

2.95 %

Book Value (TTM)

₹  108.3

CASH

₹ 3396.66 Cr.

DEBT

₹ 0 Cr.

Promoter Holding

72.2 %

EPS (TTM)

₹  19.53

Sales Growth

-2.16%

ROE

21.64 %

ROCE

29.18%

Profit Growth

6.73 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-2.16%
3 Year1.63%
5 Year11.94%

Profit Growth

1 Year6.73%
3 Year-3.82%
5 Year9.85%

ROE%

1 Year21.64%
3 Year20.01%
5 Year20.7%

ROCE %

1 Year29.18%
3 Year27.01%
5 Year28.82%

Debt/Equity

0

Price to Cash Flow

35.41

Interest Cover Ratio

108.030211480363

CFO/PAT (5 Yr. Avg.)

0.654472669803412

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 72.2 0
Dec 2023 72.2 0
Sep 2023 72.2 0
Jun 2023 72.2 0
Mar 2023 72.2 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 20.0094398167074% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.0128960926765% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 108.030211480363.
  • The Company has been maintaining an effective average operating margins of 23.2024593794516% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -357.169203039281 days.
  • The company has a high promoter holding of 72.2%.

 Limitations

  • The company has shown a poor profit growth of -3.82491176431679% for the Past 3 years.
  • The company has shown a poor revenue growth of 1.62646536475481% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 650.63 658.99 503.67 549.27 652.88
Total Expenditure 479.76 488.54 377.41 438.54 508.55
Operating Profit 170.87 170.45 126.26 110.73 144.33
Other Income 25.36 31.17 17.69 51.4 24.85
Interest 2 2.33 0.92 1.43 1.88
Depreciation 16.69 14.8 13.95 11.7 12.59
Exceptional Items 0 0 0 0 0
Profit Before Tax 177.54 184.49 129.08 149 154.71
Tax 46.02 46.12 33.2 32.41 36.14
Profit After Tax 131.52 138.37 95.88 116.59 118.57
Adjusted EPS (Rs) 5.47 5.76 3.99 4.85 4.93

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1968.97 2400.57 1843.15 2575.16 2519.62
Total Expenditure 1451.68 1798.47 1337.55 1923.17 1864.24
Operating Profit 517.29 602.1 505.6 651.99 655.38
Other Income 196.32 264.88 104.41 86 119.16
Interest 4.71 3.44 2.85 4.96 6.62
Depreciation 32.18 40.93 44.81 58.47 59.38
Exceptional Items 0 0 0 0 0
Profit Before Tax 676.72 822.61 562.35 674.56 708.54
Tax 232.07 226.22 138 177.46 178
Net Profit 444.65 596.39 424.35 497.1 530.54
Adjusted EPS (Rs.) 17.79 23.86 17.66 20.69 22.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 200 250 240.3 240.3 240.3
Total Reserves 2183.83 2326.62 2081.63 2158.96 2262.74
Borrowings 0 0 0 0 0
Other N/C liabilities 113.4 242.47 193.95 145.48 237.74
Current liabilities 2678.72 2891.09 3075.78 3000.48 2950.28
Total Liabilities 5175.95 5710.18 5591.66 5545.22 5691.06
Assets
Net Block 338.87 411.95 412.91 392.47 391.84
Capital WIP 2.32 4.45 15.48 58.01 94.8
Intangible WIP 1.59 0 0 0 0
Investments 180.01 179.87 202.75 152.75 127.75
Loans & Advances 143.82 117.62 162.85 244.08 266.7
Other N/C Assets 37.46 23.18 51.48 135.27 90.24
Current Assets 4471.88 4973.11 4746.19 4562.64 4719.73
Total Assets 5175.95 5710.18 5591.66 5545.22 5691.06
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 676.72 822.61 562.35 674.56 708.54
Adjustment -116.8 -105.14 -80.41 44.15 7.51
Changes in Assets & Liabilities -195.74 -250.49 85.93 -251.76 -80.34
Tax Paid -230.11 -200.17 -99.69 -175.86 -164.24
Operating Cash Flow 134.07 266.81 468.18 291.09 471.47
Investing Cash Flow 140.17 89.29 209.85 143.06 182.57
Financing Cash Flow -260.14 -399.16 -691.92 -425.84 -438.39
Net Cash Flow 14.1 -43.06 -13.89 8.31 215.65

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 72.20 72.20 72.20 72.20 72.20
president of india 72.20 72.20 72.20 72.20 72.20
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 27.80 27.80 27.80 27.80 27.80
life insurance corporatio... 8.15 7.30 6.27 6.27 6.27
llp 0.04 0.04 0.06 0.06 0.04
nippon life india trustee... 6.03 6.14 3.27 2.96 2.23

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

RITES inks MoU with Ultratech Cement26 Apr 2024, 11:08AM RITES signs MoU with DVC for rail infra works25 Apr 2024, 9:48AM RITES inks MoU with IIT-Madras6 Apr 2024, 11:16AM Rites informs about change in management1 Apr 2024, 3:49PM Rites informs about analyst meet27 Mar 2024, 3:41PM RITES opens new Branch office in UAE27 Mar 2024, 12:28PM RITES informs about investors meet20 Mar 2024, 12:07PM RITES gets LoA from National Small Industries Corporation18 Mar 2024, 3:11PM Rites informs about cessation1 Mar 2024, 5:16PM Rites informs about investor meeting 22 Feb 2024, 12:19PM RITES signs MoU with AD Ports Group 14 Feb 2024, 12:59PM RITES signs MoU with IIT-Mandi 10 Feb 2024, 12:24PM Rites reports 13% fall in Q3 consolidated net profit2 Feb 2024, 2:23PM Rites - Quaterly Results1 Feb 2024, 3:51PM Rites - Quaterly Results1 Feb 2024, 3:51PM Rites - Quaterly Results1 Feb 2024, 3:51PM RITES bags order worth Rs 414 crore under EPC mode III20 Jan 2024, 3:57PM Rites informs about receipt of order20 Jan 2024, 3:09PM RITES wins Joint Silver Award - PSE Category from SAFA and ICAI26 Dec 2023, 11:27AM RITES signs MoU with NEEPCO23 Dec 2023, 10:44AM RITES opens branch office in Guyana14 Dec 2023, 6:33PM RITES inks pact with CFM Mozambique 13 Dec 2023, 11:30AM RITES informs about updates12 Dec 2023, 4:49PM Rites informs about press release8 Dec 2023, 5:24PM RITES enters into MoU with Oil India 8 Dec 2023, 2:59PM RITES enters into MoU with MIDC to develop Multi-Modal Logistics projects in Meghalaya7 Dec 2023, 9:25AM RITES informs about analyst meet1 Dec 2023, 1:58PM Rites reports 21% fall in Q2 consolidated net profit31 Oct 2023, 5:15PM Rites - Quaterly Results31 Oct 2023, 3:12PM Rites - Quaterly Results31 Oct 2023, 3:12PM Rites - Quaterly Results31 Oct 2023, 3:12PM RITES informs about conference call 26 Oct 2023, 1:11PM RITES emerges as lowest bidder in tender floated by Bangladesh Railway 5 Oct 2023, 3:40PM RITES signs MoU with CARE Advisory Research and Training30 Sep 2023, 11:00AM RITES Inks MoU with CFM Angola13 Sep 2023, 10:43AM RITES signs MoU with iHUB DivyaSampark, IIT-Roorkee7 Sep 2023, 10:00AM RITES informs about investors meet5 Sep 2023, 2:44PM RITES signs MoU with NHPC22 Aug 2023, 9:50AM Rites informs about press release18 Aug 2023, 2:33PM RITES reports 17% fall in Q1 consolidated net profit28 Jul 2023, 5:12PM Rites - Quaterly Results28 Jul 2023, 3:23PM Rites - Quaterly Results28 Jul 2023, 3:23PM Rites - Quaterly Results28 Jul 2023, 3:23PM Rites informs about press release27 Jul 2023, 2:58PM RITES inks MOU with Indian Railway Finance Corporation27 Jul 2023, 2:38PM RITES emerges as lowest bidder in tenders from CFM24 Jul 2023, 2:08PM Rites informs about award of order receipt 16 Jun 2023, 9:51AM RITES signs contract agreements with National Railways of Zimbabwe 16 Jun 2023, 9:39AM RITES inks MoU with Power Finance Corporation26 May 2023, 4:15PM Rites informs about press release19 May 2023, 9:43AM

Rites Stock Price Analysis and Quick Research Report. Is Rites an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Rites has a PE ratio of 35.5658281373181 which is high and comparatively overvalued .

  • Share Price: - The current share price of Rites is Rs 694.75. One can use valuation calculators of ticker to know if Rites share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Rites has ROA of 9.44333889863905 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Rites has a Current ratio of 1.59975663326871 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Rites has a ROE of 21.6445341982335 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Rites has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Rites has an Inventory turnover ratio of 38.4579714018442 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Rites has reported revenue growth of -2.15675919166187 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Rites for the current financial year is 26.0110651606195 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Rites is Rs 20.5 and the yield is 2.938 %.

 

Last Updated on:
Brief about Rites

Rites Ltd. Financials: Check Share price, Balance Sheet, Annual report and Quarterly Results for company analysis 

Rites Ltd. is a public sector undertaking (PSU) in India that was established in 1974. It is headquartered in Gurugram and has a presence in several countries across the globe. Rites Ltd. offers a wide range of services, including consulting, engineering, and project management. In this article, we will provide an in-depth analysis of Rites Ltd. stock, covering its share price, balance sheet, annual report, dividend, quarterly result, stock price, price chart, news, concall, transcripts, investor presentations, promoters, shareholders, and more.

Rites Ltd. Share Price

Rites Ltd. stock is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. The stock has had a mixed performance over the past year, with fluctuations in price due to various factors, including changes in the infrastructure sector, economic conditions, and company-specific news. A stock's share price is determined by a range of factors, such as market sentiment, financial performance, and general economic conditions. 

Rites Ltd. Balance Sheet

Rites Ltd.'s balance sheet provides a snapshot of the company's financial position at a given point in time. It includes information about the company's assets, liabilities, and equity. The balance sheet is an important tool for investors to assess the financial health of a company and its ability to meet its financial obligations. Rites Ltd.'s balance sheet shows a healthy mix of assets, including fixed assets, investments, and cash and bank balances. The company has maintained a strong balance sheet over the past few years, indicating a sound financial position.

Rites Ltd. Annual Report

Rites Ltd.'s annual report provides a comprehensive overview of the company's performance over the past year. It includes information about the company's financial results, strategic initiatives, and risk management practices. The annual report is an important tool for investors to assess the company's long-term prospects and performance. Rites Ltd.'s annual report is available for download on our website.

Rites Ltd. Dividend

Rites Ltd. has a history of paying dividends to its shareholders. Dividends are a portion of the company's profits that are paid out to shareholders as a return on their investment. The dividend payout ratio is an important metric for investors to assess the company's dividend policy and financial health. Rites Ltd. has maintained a consistent dividend payout ratio over the past few years, indicating a commitment to returning value to shareholders.

Rites Ltd. Quarterly Result

Rites Ltd.'s quarterly results provide a snapshot of the company's financial performance over a three-month period. It includes information about the company's revenue, expenses, and net profit. The quarterly result is an important tool for investors to assess the company's short-term performance and its ability to meet its financial obligations. Rites Ltd.'s quarterly results are available for download on our website.

Rites Ltd. Stock Price

Rites Ltd.'s stock price is influenced by various factors, including market conditions, economic trends, and company-specific news. The stock price is an important metric for investors to assess the company's performance and long-term prospects. Our website provides pre-built screening tools to help investors analyze Rites Ltd.'s stock price and performance.

Rites Ltd. Price Chart

Rites Ltd.'s price chart provides a visual representation of the company's stock price over a given period. It includes information about the stock's opening and closing prices, as well as its high and low prices. The price chart is an important tool for investors to assess the company's stock performance and trends over time. Our website provides premium features tools, including DCF Analysis, BVPS Analysis, Earnings multiple approaches, and DuPont analysis, to help investors analyze Rites Ltd.'s performance and long-term prospects.

Rites Ltd. News

Rites Ltd.'s news section provides up-to-date information about the company's latest developments and announcements. It includes information about the company's strategic initiatives, partnerships, and regulatory updates. The news section is an important tool for investors to stay informed about the company's activities and potential impact on its stock price. Our website provides pre-built screening tools to help investors stay up-to-date with Rites Ltd.'s latest news and developments.

Rites Ltd. Concall

Rites Ltd.'s concall provides investors with an opportunity to listen to the company's management team discuss its financial results and strategic initiatives. The concall is an important tool for investors to gain insights into the company's operations and long-term prospects. Our website provides pre-built screening tools to help investors stay informed about Rites Ltd.'s upcoming concalls.

Rites Ltd. Transcripts

Rites Ltd.'s transcripts provide a written record of the company's concall and other investor events. The transcripts are an important tool for investors to review the company's discussions and gain insights into its operations and long-term prospects. Our website provides pre-built screening tools to help investors access Rites Ltd.'s transcripts and stay informed about the company's latest developments.

Rites Ltd. Investor Presentations

Rites Ltd.'s investor presentations provide a detailed overview of the company's operations, financial results, and strategic initiatives. The presentations are an important tool for investors to assess the company's long-term prospects and performance. Our website provides pre-built screening tools to help Investors access Rites Ltd.'s investor presentations and stay informed about the company's latest developments.

Rites Ltd. Promoters

Rites Ltd.'s promoters are the individuals or entities that hold a significant stake in the company. Promoters are important stakeholders in the company and have a significant influence on its operations and strategic initiatives. Our website provides pre-built screening tools to help investors stay informed about Rites Ltd.'s promoters and their stake in the company.

Rites Ltd., Shareholders

Rites Ltd.'s shareholders are the individuals or entities that own shares in the company. Shareholders have a vested interest in the company's performance and long-term prospects. Our website provides pre-built screening tools to help investors analyze Rites Ltd.'s shareholder structure and stay informed about the company's latest developments.

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