RITES Limited
₹188.50-₹6.40 (-3.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹10,883 Cr
- P/E
- 27.3x
- EV / EBITDA
- 15.2x
- Revenue
- ₹2,095 Cr
- Net margin
- 19.6%
- ROCE
- 20.9%
Price chart
Technical chartScreen technicals →-23.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.0%
- 3M
- -13.5%
- 6M
- -13.8%
- 1Y
- -23.9%
- 5Y
- +33.2%
52-week range
Day change -₹6.40 (-3.3%) from ₹195 to ₹189 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in RITES, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 18.1%
Concerns1
- Operating margin declining for 3 consecutive years (26.0% → 23.0% → 20.0%)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Industrials
- Shares outstanding
- 47.9 Cr shares
- ISIN
- INE320J01015
- BSE code
- 541556
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹10,883 Cr
- P/E
- 27.3x
- P/B
- 4.3x
- EV / EBITDA
- 15.2x
- EV / Sales
- 4.3x
- P/S
- 4.7x
- Earnings yield
- 3.7%
- 52-week high
- ₹252.65
- 52-week low
- ₹175.60
Profitability
- Operating margin
- 22.8%
- Net margin
- 19.6%
- EBITDA margin
- 28.2%
- ROE
- 18.1%
- ROCE
- 20.9%
- ROA
- 8.3%
- Dividend payout
- 95.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 21.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,095 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹653 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -15.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -16.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹315 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -33.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹13.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.7%
Solvency and efficiency
- Current ratio
- 1.67
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.01
- Interest coverage
- 105.20
- Financial leverage
- 2.17
- CFO / Net profit
- 0.69
- Cash / Market cap
- 43.8%
- Cash per share
- ₹99.37
- Asset turnover
- 0.42
- Fixed asset turnover
- 6.18
- Capital intensity
- 0.16
- Debtor days
- 139 days
- Cash conversion cycle
- 139 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹18 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,685 Cr |
| Sales | Operating profit | ₹410 Cr |
| Operating profit | Interest | ₹6 Cr |
| Operating profit | Depreciation | ₹53 Cr |
| Operating profit | Profit before tax | ₹351 Cr |
| Other income | Profit before tax | ₹148 Cr |
| Profit before tax | Tax and other | ₹119 Cr |
| Profit before tax | Net profit | ₹380 Cr |
Revenue and net profit
Revenue fell 9.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,843 Cr | ₹424 Cr |
| FY2022 | ₹2,575 Cr | ₹497 Cr |
| FY2023 | ₹2,520 Cr | ₹531 Cr |
| FY2024 | ₹2,312 Cr | ₹454 Cr |
| FY2025 | ₹2,095 Cr | ₹380 Cr |
Cash flows
FY2025: ₹558 Cr from operations, ₹375 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹468 Cr | ₹678 Cr |
| FY2022 | ₹291 Cr | ₹370 Cr |
| FY2023 | ₹471 Cr | ₹654 Cr |
| FY2024 | ₹315 Cr | ₹94 Cr |
| FY2025 | ₹558 Cr | ₹375 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,095 Cr-9.4%1Y
- Net profit
- ₹380 Cr-16.3%1Y
- Cash from operations
- ₹558 Cr
- Free cash flow
- ₹375 Cr+298.9%1Y
- Revenue CAGR, 5Y
- -0.8%
- EBITDA CAGR, 5Y
- -5.5%
- Net profit CAGR, 5Y
- -5.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,095 Cr | ₹410 Cr | — | ₹380 Cr | ₹558 Cr | ₹375 Cr | 15.0% | -9.4% | -16.3% |
Monthly returns
Month-by-month returns of RITES across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹5,899 Cr |
| Equity capital | ₹481 Cr |
| Reserves | ₹2,053 Cr |
| Borrowings | ₹9 Cr |
| Other liabilities | ₹3,357 Cr |
| Assets | ₹5,899 Cr |
| Fixed assets | ₹733 Cr |
| Capital work in progress | ₹48 Cr |
| Investments | ₹128 Cr |
| Other assets | ₹4,991 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
RITES trades at 27.3x earnings against a peer median of 38.3x (a 29% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| RITES LimitedRITESthis companyP/E ↓ discount | ₹10,883 Cr | 27.3x | 4.3x | 18.1% | 15.2x |
| Sansera Engineering LimitedSANSERA | ₹11,327 Cr | 48.1x | 3.9x | 13.9% | 26.2x |
| Engineers India Ltd.ENGINERSIN | ₹10,896 Cr | 21.1x | 4.1x | 15.4% | 20.3x |
| Finolex Industries Ltd.FINPIPE | ₹10,798 Cr | 24.7x | 1.9x | 8.2% | 14.2x |
| TD Power Systems LtdTDPOWERSYS | ₹10,719 Cr | 58.9x | 11.6x | 17.7% | 55.3x |
| HEG Ltd.HEG | ₹10,620 Cr | 44.4x | 2.5x | 5.6% | 20.4x |
| Action Construction Equipments Ltd.ACE | ₹10,558 Cr | 24.8x | 5.9x | 26.9% | 21.6x |
| Happy Forgings LimitedHAPPYFORGE | ₹10,400 Cr | 38.3x | 5.3x | 15.1% | 25.8x |
| Jindal Saw Ltd.JINDALSAW | ₹10,321 Cr | 7.4x | 0.8x | 15.8% | 3.8x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
RITES since 1 January, against earlier years.
Historical volatility
RITES's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 27.0% |
| FY2022 | 25.0% |
| FY2023 | 26.0% |
| FY2024 | 23.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,095 Cr |
| Costs | |
| Interest | ₹6 Cr |
| Expenses | ₹1,685 Cr |
| Operating profitOperating Profit | ₹410 Cr |
| Other income and charges | |
| Profit before tax | ₹499 Cr |
| Tax | |
| Net profitNet Profit | ₹380 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹5,899 Cr |
| Equity capitalEquity Capital | ₹481 Cr |
| Reserves | ₹2,053 Cr |
| Borrowings | ₹9 Cr |
| Other liabilitiesOther Liabilities | ₹3,357 Cr |
| AssetsTotal Assets | ₹5,899 Cr |
| Fixed assetsFixed Assets | ₹733 Cr |
| Capital work in progressCWIP | ₹48 Cr |
| Investments | ₹128 Cr |
| Other assetsOther Assets | ₹4,991 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹558 Cr |
| Investing cash flowCash from Investing Activity | -₹183 Cr |
| Financing cash flowCash from Financing Activity | -₹363 Cr |
| Change in cashNet Cash Flow | ₹13 Cr |
Learn while you research
Academy chapters picked for RITES Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read