RITES Limited
RITES Limited, together with its subsidiaries, operates as an engineering consultancy company in the field of railways, highways, airports, ports, ropeways, urban transport, and inland waterways. The company operates through five segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and Spares; Turnkey Construction Projects; and Power Generation. It provides consultancy services, including conducting techno-economic and feasibility studies and preparation of detailed project reports, design engineering services, procurement assistance services, project management consultancy services, quality assurance services and inspection, training services, construction supervision, materials system management services, and commissioning support and general transaction advisory services. The company also undertakes construction projects, such as railway line enhancement works for railway systems, modernization of railway workshops, and building works; leases locomotives; and provides quality assurance services, including pre-dispatch inspections, in-process/stage inspections, testing, and conformity assessments. In addition, it offers integrated export packages for rolling stock, including supply, leasing, rehabilitation, maintenance and spare part support; and renders technical consultancy for the establishment of new and modernization of existing workshops, facility planning for rolling stock maintenance, and training and technology transfer. The company serves governments, governmental instrumentalities, public sector enterprises, and large private entities in India, Asia, Africa, and internationally. RITES Limited was incorporated in 1974 and is based in Gurugram, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 18.1%
Concerns1
- Operating margin declining for 3 consecutive years (26.0% β 23.0% β 20.0%)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ2.10 K Cr | β | βΉ380.00 Cr | β | β | 15.0% | -9.4% | -16.3% |
| Mar 2024 | βΉ2.31 K Cr | β | βΉ454.00 Cr | β | β | 18.1% | -8.3% | -14.5% |
| Mar 2023 | βΉ2.52 K Cr | β | βΉ531.00 Cr | β | β | 21.2% | -2.1% | 6.8% |
| Mar 2022 | βΉ2.58 K Cr | β | βΉ497.00 Cr | β | β | 20.7% | 39.7% | 17.2% |
| Mar 2021 | βΉ1.84 K Cr | β | βΉ424.00 Cr | β | β | 18.3% | -23.2% | -28.9% |
| Mar 2020 | βΉ2.40 K Cr | β | βΉ596.00 Cr | β | β | 23.1% | 21.9% | 33.9% |
| Mar 2019 | βΉ1.97 K Cr | β | βΉ445.00 Cr | β | β | 18.7% | 37.3% | 34.0% |
| Mar 2018 | βΉ1.43 K Cr | β | βΉ332.00 Cr | β | β | 15.1% | 10.4% | 0.3% |
| Mar 2017 | βΉ1.30 K Cr | β | βΉ331.00 Cr | β | β | 16.3% | 20.8% | 17.4% |
| Mar 2016 | βΉ1.07 K Cr | β | βΉ282.00 Cr | β | β | 15.2% | 6.3% | -9.3% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 2,101 |
| Total Expenses | 1,665 |
| EBIT / Operating Profit | 436 |
| OPM % | 21% |
| Other Income | 151 |
| Finance Costs | 4 |
| Depreciation & Amortisation | 56 |
| Profit Before Tax | 526 |
| Tax % | - |
| Net Profit / PAT | 398 |
| EPS (βΉ) | 8.30 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| RITES Limitedthis co. | βΉ10.88 K Cr | βΉ2.10 K Cr | 27.30 | 4.33 | 15.22 | -9.4% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |