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Rites Ltd share Price Today

Company details

702.10
724.75
364.80
825.95
6M Return 45.76%
1Y Return 81.65%
Mkt Cap.(Cr) 16,973.73
Volume 1,385,934
Div Yield 2.55%
OI
-
OI Chg %
-
Volume 1,385,934

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Construction & Engineering company Rites announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Operating Revenue at Rs 643 crore
  • EBITDA Rs 178 crore with Margins of 27.7%, sequential QoQ growth of 4.4%
  • PAT at Rs 137 crore with Margins of 20.5% as against Rs 139 crore in Q4FY23

FY24 Financial Highlights:

  • EBITDA at Rs 650 crore with Margins at 26.5%
  • PAT at Rs 495 crore with Margins of 19.6%
  • Final Dividend of Rs 5/share totaling to Rs 18/share, 95.2% Dividend Payout ratio

Commenting on the results, Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Our focussed strategy to consolidate and minimise the impact of the challenges on the Export and Quality Assurance fronts gave results as the year progressed. From getting export orders of Rs 1200 crore after a gap of more than 4 years and diversifying our Quality Assurance business portfolio, we are on the right track and we will capitalise aggressively on this momentum in the coming FY.”

Result PDF

View Other Company Results

Rites Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Degrowth in Revenue and Profit

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 720.0
R2 733.7
R3 742.7
Pivot

711.07

S1 697.4
S2 688.4
S3 674.7
EMA SMA
689.9
685.3
664.9
607.8
686.4
683.4
700.7
598.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-05 749.89 1332954 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-05 750.51 1332954 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-29 735.18 2467689 NSE
Name Category Shares
President of India PROMOTER 72.2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Rites Ltd Stocks COMPARISON

Financials( in Cr) Rites Ltd Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd IRB Infrastructure Developers Ltd
Price 706.35 3,531.60 416.60 96.91 66.32
% Change -0.35 -0.10 1.67 -1.08 0.08
Mcap Cr 16,973.73 485,478.10 86,861.93 58,494.34 40,050.65
Revenue TTM Cr 2,628.27 221,112.91 20,281.57 6,693.40 6,401.64
Net Profit TTM Cr 570.97 15,569.72 1,420.55 -839.93 720.01
PE TTM 37.24 37.73 55.17 0.00 66.34
1 Year Return 81.65 47.49 236.51 123.55 150.26
ROCE 28.31 14.45 17.22 0.00 6.36
ROE 22.42 17.72 20.81 0.00 5.55
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,603.78 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Rites Ltd Information

Stock PE (TTM)
37.24
Promoter Holding
72.2%
Book Value
108.5723
ROCE
28.31%
ROE
22.42%
Description
  • RITES Limited is a subsidiary of the Ministry of Railways of the Government of India. The company is involved in engineering consulting services. Headquartered in Gurgaon, Haryana, the company specialises in transport infrastructure. It was founded in 1974 and currently has more than 2,000 employees. RITES Limited has executed projects in more than 60 countries.

    On 22 January 2022, the market capitalisation of the company was Rs 8,213.52 crore. It reported consolidated sales of Rs 631 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 541556 and the National Stock Exchange with the code RITES.

    On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 72.2% and a 2% stake of foreign institutional investors. Mutual funds and DIIs held a consolidated stake of 15.8%, and the public held a stake of 9.4% in the company. The company’s shareholding pattern has remained largely consistent over the past year. The government of India is the promoter of the company.

    The company’s board of directors comprises Rahul Mithal, Bibhu Prasad Nayak, Anil Vij, Dineshananda Goswami, Godawari Mishra, Laxman Tammanna Tapashi, Likha Togu, R K Mangla, Sandeep Jain, and Vinay Srivastava. The company secretary of the company is Joshit Ranjan Sikidar. The auditors are J C Bhalla & Co. On 30 September 2022, the company had a total of 24 crore shares outstanding.

    On 22 January 2023, RITES Limited share price on BSE was Rs 341.60 and Rs 341.10 on NSE. The share price touched a 52-week high of Rs 433.00 and a 52-week low of Rs 226.20. Its three-month return to investors was -8.7%, while its one-year return was 23.4%.

    The company’s trailing twelve-month (TTM) revenue was Rs 2,661.83 crore as of 31 December 2022. At the same time, the company had a net profit of Rs 538.58 crore. The company’s P/E TTM was 15.06. The ROE of the company was 22.07, while the ROCE of the company was 27.84.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Scope Minar Core-I, Laxmi Nagar, New Delhi, New Delhi, 110092

Tel : 91-011-23354800/22024610
Email : cs:rites.com
Website : http://www.ritesltd.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541556
NSE Code : RITES
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE320J01015

FAQ’s on Rites Ltd Shares

You can buy Rites Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rites Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Rites Ltd was Rs.706.35.

The latest PE ratio of Rites Ltd as of Jun 24, 2024 03:59 PM is 37.24

The latest PB ratio of Rites Ltd as of Jun 24, 2024 03:59 PM is 0.15

The 52-week high of Rites Ltd share price is Rs. 825.95 while the 52-week low is Rs. 364.80

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of Rites Ltd stood at Rs. 16,973.73 Cr.

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