Rites Ltd.

NSE: RITES BSE: 541556 SECTOR: Engineering  77k   901   145

367.20
-10.60 (-2.81%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 380

Today's Low

₹ 364

52 Week High

₹ 433

52 Week Low

₹ 226.2

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

8823.89 Cr.

Enterprise Value

5557.61 Cr.

No. of Shares

24.03 Cr.

P/E

16.83

P/B

3.55

Face Value

₹ 10

Div. Yield

4.62 %

Book Value (TTM)

₹  103.38

CASH

3266.28 Cr.

DEBT

0 Cr.

Promoter Holding

72.2 %

EPS (TTM)

₹  21.81

Sales Growth

39.72%

ROE

21.06 %

ROCE

28.79%

Profit Growth

17.14 %

* 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.
* 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

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* 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 Year39.72%
3 Year9.36%
5 Year12.54%

Profit Growth

1 Year17.14%
3 Year3.79%
5 Year8.48%

ROE%

1 Year21.06%
3 Year20.81%
5 Year19.5%

ROCE %

1 Year28.79%
3 Year28.38%
5 Year27.59%

Debt/Equity

0

Price to Cash Flow

30.31

Interest Cover Ratio

137

CFO/PAT (5 Yr. Avg.)

0.671236160753204

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 72.2 0
Jun 2022 72.2 0
Mar 2022 72.2 0
Dec 2021 72.2 0
Sep 2021 72.2 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 20.8098625160171% over the past 3 years.
  • Company has been maintaining healthy ROCE of 28.3836965059255% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 137.
  • The Company has been maintaining an effective average operating margins of 25.9431088998392% in the last 5 years.
  • Company’s PEG ratio is 0.981988520870516.
  • The company has an efficient Cash Conversion Cycle of -18.4339449476021 days.
  • The company has a high promoter holding of 72.2%.

 Limitations

  • The company has shown a poor profit growth of 3.78672839313596% for the Past 3 years.
  • The company has shown a poor revenue growth of 9.35912823820912% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 743.97 754.53 744.16 578.33 631.67
Total Expenditure 535.8 575.7 557.36 422.14 473.8
Operating Profit 208.17 178.83 186.8 156.19 157.87
Other Income 22.97 16.02 20.53 31.4 31.23
Interest 1.09 2.3 1.31 1.18 1.11
Depreciation 11.73 12.79 22.65 12.83 15.06
Exceptional Items 0 0 0 0 0
Profit Before Tax 218.32 179.76 183.37 173.58 172.93
Tax 55.19 46.14 53.49 44.32 41.54
Profit After Tax 163.13 133.62 129.88 129.26 131.39
Adjusted EPS (Rs) 6.79 5.56 5.4 5.38 5.47

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1433.85 1968.97 2400.57 1843.15 2575.16
Total Expenditure 1066.61 1451.68 1798.47 1337.55 1923.17
Operating Profit 367.24 517.29 602.1 505.6 651.99
Other Income 152.5 195.19 264.48 104.4 86
Interest 4.81 3.58 3.04 2.84 4.96
Depreciation 30.18 32.18 40.93 44.81 58.47
Exceptional Items 0 0 0 0 0
Profit Before Tax 484.75 676.72 822.61 562.35 674.56
Tax 153.04 232.07 226.22 138 177.46
Net Profit 331.71 444.65 596.39 424.35 497.1
Adjusted EPS (Rs.) 13.27 17.79 23.86 17.66 20.69

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 200 200 250 240.3 240.3
Total Reserves 1999.11 2183.83 2326.62 2081.63 2158.96
Borrowings 0 0 0 0 0
Other N/C liabilities 209.27 113.4 242.47 193.95 145.48
Current liabilities 2570.48 2678.72 2891.09 3075.78 3000.48
Total Liabilities 4978.86 5175.95 5710.18 5591.66 5545.22
Assets
Net Block 262.68 338.87 411.95 412.91 392.47
Capital WIP 0.38 2.32 4.45 15.48 58.01
Intangible WIP 1.58 1.59 0 0 0
Investments 180.98 180.81 179.87 202.8 152.8
Loans & Advances 141.98 143.82 117.62 162.85 242.12
Other N/C Assets 115.7 36.66 23.18 51.43 137.18
Current Assets 4275.56 4471.88 4973.11 4746.19 4562.64
Total Assets 4978.86 5175.95 5710.18 5591.66 5545.22
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 484.75 676.72 822.61 562.35 674.56
Adjustment -10.3 -116.8 -105.14 -80.41 44.15
Changes in Assets & Liabilities 76.48 -195.74 -250.49 85.93 -251.76
Tax Paid -171.13 -230.11 -200.17 -99.69 -175.86
Operating Cash Flow 379.8 134.07 266.81 468.18 291.09
Investing Cash Flow -454 140.17 89.29 209.85 78.81
Financing Cash Flow -177.8 -260.14 -399.16 -691.92 -425.84
Net Cash Flow -252 14.1 -43.06 -13.89 -55.94

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 72.20 72.20 72.20 72.20 72.20
president of india 72.20 72.20 72.02 72.02 72.02
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 27.80 27.80 27.80 27.80 27.80
life insurance cor... 8.15 8.15 7.83 7.83 7.83
nippon life india ... 4.35 7.01 - - -
nippon life india ... - - - - -
hdfc trustee compa... 2.79 - 2.03 - 2.86
nippon life india ... - - - - -
hdfc trustee compa... - - - 2.66 -
reliance capital t... - - 1.09 - -
llp 0.03 0.03 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Rites informs about analyst meet intimation29 Nov 2022, 5:16PM Rites informs about investors meeting28 Nov 2022, 5:15PM Rites informs about analyst meet24 Nov 2022, 2:33PM Rites - Quaterly Results10 Nov 2022, 3:30PM Rites - Quaterly Results10 Nov 2022, 3:30PM Rites - Quaterly Results10 Nov 2022, 3:30PM RITES' consortium secures order worth Rs 499.41 crore from Bangalore Metro Rail Corporation 13 Oct 2022, 3:22PM RITES informs about confirmation certificate10 Oct 2022, 12:21PM Rites informs about proceedings of AGM 17 Sep 2022, 11:16AM Rites informs about investors meet12 Sep 2022, 12:53PM RITES secures new business order6 Sep 2022, 3:40PM RITES secures new business order with JV Partner 27 Aug 2022, 10:33AM Rites informs about updates22 Aug 2022, 2:32PM Rites reports 86% rise in Q1 consolidated net profit29 Jul 2022, 11:15AM Rites - Quaterly Results28 Jul 2022, 3:10PM Rites - Quaterly Results28 Jul 2022, 3:10PM Rites - Quaterly Results28 Jul 2022, 3:10PM HDFC Mutual Fund offloads stake in RITES14 Jul 2022, 11:14AM Rites informs about press release13 Jul 2022, 10:53AM RITES signs MoU with CRIS to explore information technology opportunities in railway sector13 Jul 2022, 10:47AM Rites informs about compliance certificate6 Jul 2022, 4:51PM RITES inaugurates first office in Guwahati21 Jun 2022, 3:57PM Rites informs about press release18 Jun 2022, 2:14PM RITES secures order from CONCOR17 Jun 2022, 9:24AM RITES informs about analyst meet16 Jun 2022, 5:09PM Rites informs about analyst meet 13 Jun 2022, 5:09PM RITES inks MoU with Grands Trains DU Senegal8 Jun 2022, 9:49AM Rites informs about press release28 May 2022, 11:33AM RITES signs MoU with Government of Mizoram28 May 2022, 11:03AM RITES signs MoU with Titagarh Wagons 27 May 2022, 11:15AM Rites informs about investor presentation26 May 2022, 10:01AM Rites reports marginal rise in Q4 consolidated net profit25 May 2022, 12:05PM Rites - Quaterly Results24 May 2022, 7:09PM Rites - Quaterly Results24 May 2022, 7:09PM Rites secures consultancy & supervision work from Ministry of Public Works, Guyana14 May 2022, 11:14AM RITES' consortium secures business for consultancy services in Ghana11 May 2022, 10:23AM RITES enters into MoU with IIT-Guwahati2 May 2022, 3:43PM RITES wins National Award for Excellence in cost management 23 Apr 2022, 10:00AM RITES - Power Mech Projects JV emerges as L-1 for Bangalore Metro Rail project 14 Apr 2022, 10:43AM RITES enters into MoU with Tata Steel12 Apr 2022, 4:54PM Rites informs about confirmation certificate8 Apr 2022, 11:34AM RITES enters into MoU with IIT-Delhi7 Apr 2022, 11:22AM RITES informs about earnings call transcript30 Mar 2022, 4:14PM RITES, NRZ ink MoU on technical cooperation 29 Mar 2022, 12:47PM Rites informs about press release28 Mar 2022, 11:45AM RITES signs MoU with MECL for civil engineering infra works28 Mar 2022, 9:13AM Rites informs about press release15 Mar 2022, 2:29PM Rites informs about board meeting5 Mar 2022, 12:18PM Rites informs about trading window closure5 Mar 2022, 12:16PM Rites informs about press release17 Feb 2022, 5:13PM

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 17.020369427978 which is high and comparatively 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 8.92709627831134 % 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 1.5206366981283 .

  • 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 21.058250144561 % .(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 12.7196660986392 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Rites has reported revenue growth of 39.7151615440957 % which is fair 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 25.3184268161978 %.

  • 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 17 and the yield is 4.5631 %.

 

Brief about Rites

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