Rites Ltd.

•

rites.comBSE: 541556NSE: RITES

Market Cap₹ 10,146 Cr.

Current Price

High / Low₹ 281 / 175

Stock P/E25.0

Book Value₹ 55

Price to Book3.29

Dividend Yield3.77 %

ROCE20.7 %

ROE15.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Consultancy Services: 52.1% • Constructions Projects: 26.5% • Export: 13.9%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 21.6%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Offers a healthy dividend yield of 3.8%

CONS

A large part of profit comes from other income (28.7% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has delivered a poor profit growth of -1.1% over past five years
Operating margins have contracted to 16.4% from 26.9%
Company has delivered a poor sales growth of 4.3% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionCapital GoodsEngineering Consultancy

Part ofNIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	NBCC	83.60	30.39	22572.00	1.20	158.01	17.01	2259.53	-5.51	41.74	6.86
2.	CMPDI	230.95	26.89	16489.83	1.36	1162.70	—	4813.70	—	38.09	30.22
3.	RITES	211.10	24.31	10145.55	3.77	97.78	7.58	532.20	8.67	22.99	22.45
4.	DHRUV	24.00	0.00	45.52	0.00	-4.76	-398.06	15.55	-26.07	-33.41	-23.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	504	549	653	606	454	510	545	574	456	514	569	737	498
	377	439	509	461	376	430	454	412	372	414	462	594	428
Operating Profit	126	111	144	145	78	80	90	162	84	100	107	143	70
OPM %	25.07%	20.16%	22.11%	23.88%	17.25%	15.66%	16.56%	28.18%	18.47%	19.46%	18.75%	19.37%	14.13%
	18	51	25	33	21	43	47	36	20	47	34	49	27
Interest	1	1	2	0	1	2	1	1	1	1	1	1	1
Depreciation	14	12	13	13	12	13	14	15	13	15	15	14	14
Profit before Tax	129	149	155	164	86	108	123	182	90	132	125	176	97
Tax %	25.72%	21.75%	23.36%	24.99%	24.97%	20.47%	22.69%	26.08%	25.74%	22.47%	23.76%	22.72%	26.08%
Net Profit	96	117	119	123	65	86	95	134	67	102	96	136	72
	3.99	2.43	2.47	256.00	1.35	1.79	1.98	2.80	1.39	2.13	1.99	2.84	1.49

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,299	1,434	1,969	2,401	1,843	2,575	2,520	2,312	2,074	2,276	2,318
	985	1,067	1,452	1,798	1,338	1,923	1,864	1,786	1,664	1,842	1,898
Operating Profit	315	367	517	602	506	652	655	526	410	434	420
OPM %	24.23%	25.61%	26.27%	25.08%	27.43%	25.32%	26.01%	22.75%	19.76%	19.06%	18.11%
	207	153	196	265	104	86	119	127	148	150	157
Interest	2	5	5	3	3	5	7	5	6	4	3
Depreciation	32	30	32	41	45	58	59	51	53	57	58
Profit before Tax	488	485	677	823	562	675	709	597	499	523	531
Tax %	32.20%	31.57%	34.29%	27.50%	24.54%	26.31%	25.12%	23.92%	23.84%	23.42%	23.52%
Net Profit	331	332	445	596	424	497	531	454	380	401	406
EPS	16.55	16.59	17.79	23.86	17.22	20.69	22.08	18.90	7.91	8.34	—
Dividend Payout %	40.19%	33.16%	57.35%	67.07%	73.62%	82.18%	92.85%	95.25%	95.43%	95.36%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 4%
3 Years:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: 2%
5 Years:: -1%
3 Years:: -9%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 9%
3 Years:: -9%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 18%
3 Years:: 16%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	200	200	200	250	240	240	240	240	481	481
	1,835	1,999	2,184	2,327	2,082	2,159	2,263	2,267	2,053	2,084
	142	263	181	257	223	168	280	193	172	457
Trade Payables	72	77	196	134	290	178	300	216	366	315
	2,370	2,439	2,416	2,743	2,757	2,801	2,609	2,463	2,779	2,303
Total Liabilities	4,620	4,979	5,176	5,710	5,592	5,545	5,691	5,379	5,849	5,640
	261	263	339	412	413	392	392	374	444	440
Capital Work in Progress	3	0	2	4	15	58	95	174	48	88
	373	180	180	292	314	229	153	128	128	108
	50	9	105	11	286	119	31	5	78	35
	0	0	0	0	0	0	0	881	730	923
Cash & Bank	2,853	3,569	3,463	3,601	3,319	3,266	3,397	3,061	3,296	2,854
	1,080	957	1,086	1,391	1,245	1,481	1,624	757	1,126	1,192
Total Assets	4,620	4,979	5,176	5,710	5,592	5,545	5,691	5,379	5,849	5,640

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	695	551	364	467	568	467	636	315	558	236
Cash from Investing	-83	-460	138	78	199	70	4	106	-197	194
Cash from Financing	-176	-178	-260	-399	-692	-426	-438	-461	-363	-383
	272	-258	12	-55	-25	-65	37	-41	-1	47

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.20	72.20	72.20	72.20	72.20	72.20	72.20	72.20	72.20
	3.50	3.20	3.34	3.33	3.47	3.51	3.46	3.47	3.43
	10.78	9.63	8.83	8.66	8.64	8.66	8.63	8.70	8.74
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	13.51	14.97	15.63	15.80	15.69	15.62	15.70	15.62	15.63

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

General Updates

2026-09-08 - RITES Limited has informed the Exchange about Appointment of Statutory Auditors by Comptroller & Auditor General of India for the Financial Year 2026-27

2026-09-04

Copy of Newspaper Publication

2026-09-04 - RITES Limited has informed the Exchange about Copy of Newspaper Publication for Notice of the 52nd Annual General Meeting, E-voting information and Record date

2026-09-03

General Updates

2026-09-03 - RITES Limited has informed the Exchange about Web link of the Integrated Annual Report for the financial year 2025-26

2026-09-03

General Updates

2026-09-03 - RITES Limited has informed the Exchange about Notice of the 52nd Annual General Meeting (AGM) and Integrated Annual Report for the Financial Year 2025-26

2026-09-03

Shareholders meeting

2026-09-03 - RITES Limited has informed the Exchange regarding Notice of the 52nd Annual General Meeting (AGM) and Integrated Annual Report for the Financial Year 2025-26

2026-09-02

Copy of Newspaper Publication

2026-09-02 - RITES Limited has informed the Exchange about Public Notice in Newspaper regarding 52nd Annual General Meeting of members of the Company.

2026-08-28

General Updates

2026-08-28 - RITES Limited has informed the Exchange about Intimation regarding opening of Branch Office in the Republic of South Africa.

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - RITES Limited has informed the Exchange about Schedule of meet

2026-08-25

General Updates

2026-08-25 - RITES Limited has informed the Exchange about Intimation of 52nd Annual General Meeting, E-voting and Fixation of Record Date for Final Dividend for FY 2025-26

News

Recent coverage and analyst commentary for RITES

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AI Stock Analyst

Rites Ltd.

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Free 5nance Account

Name

NBCC

83.60

30.39

22572.00

1.20

158.01

17.01

2259.53

-5.51

41.74

6.86

CMPDI

230.95

26.89

16489.83

1.36

1162.70

—

4813.70

—

38.09

30.22

RITES

211.10

24.31

10145.55

3.77

97.78

7.58

532.20

8.67

22.99

22.45

DHRUV

24.00

0.00

45.52

0.00

-4.76

-398.06

15.55

-26.07

-33.41

-23.24

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

504

549

653

606

454

510

545

574

456

514

569

737

498

377

439

509

461

376

430

454

412

372

414

462

594

428

Operating Profit

126

111

144

145

162

100

107

143

OPM %

25.07%

20.16%

22.11%

23.88%

17.25%

15.66%

16.56%

28.18%

18.47%

19.46%

18.75%

19.37%

14.13%

Interest

Depreciation

Profit before Tax

129

149

155

164

108

123

182

132

125

176

Tax %

25.72%

21.75%

23.36%

24.99%

24.97%

20.47%

22.69%

26.08%

25.74%

22.47%

23.76%

22.72%

26.08%

Net Profit

117

119

123

134

102

136

3.99

2.43

2.47

256.00

1.35

1.79

1.98

2.80

1.39

2.13

1.99

2.84

1.49

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,299

1,434

1,969

2,401

1,843

2,575

2,520

2,312

2,074

2,276

2,318

985

1,067

1,452

1,798

1,338

1,923

1,864

1,786

1,664

1,842

1,898

Operating Profit

315

367

517

602

506

652

655

526

410

434

420

OPM %

24.23%

25.61%

26.27%

25.08%

27.43%

25.32%

26.01%

22.75%

19.76%

19.06%

18.11%

207

153

196

265

104

119

127

148

150

157

Interest

Depreciation

Profit before Tax

488

485

677

823

562

675

709

597

499

523

531

Tax %

32.20%

31.57%

34.29%

27.50%

24.54%

26.31%

25.12%

23.92%

23.84%

23.42%

23.52%

Net Profit

331

332

445

596

424

497

531

454

380

401

406

EPS

16.55

16.59

17.79

23.86

17.22

20.69

22.08

18.90

7.91

8.34

—

Dividend Payout %

40.19%

33.16%

57.35%

67.07%

73.62%

82.18%

92.85%

95.25%

95.43%

95.36%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

200

250

240

481

1,835

1,999

2,184

2,327

2,082

2,159

2,263

2,267

2,053

2,084

142

263

181

257

223

168

280

193

172

457

Trade Payables

196

134

290

178

300

216

366

315

2,370

2,439

2,416

2,743

2,757

2,801

2,609

2,463

2,779

2,303

Total Liabilities

4,620

4,979

5,176

5,710

5,592

5,545

5,691

5,379

5,849

5,640

261

263

339

412

413

392

374

444

440

Capital Work in Progress

174

373

180

292

314

229

153

128

108

105

286

119

881

730

923

Cash & Bank

2,853

3,569

3,463

3,601

3,319

3,266

3,397

3,061

3,296

2,854

1,080

957

1,086

1,391

1,245

1,481

1,624

757

1,126

1,192

Total Assets

4,620

4,979

5,176

5,710

5,592

5,545

5,691

5,379

5,849

5,640

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

695

551

364

467

568

467

636

315

558

236

Cash from Investing

-83

-460

138

199

106

-197

194

Cash from Financing

-176

-178

-260

-399

-692

-426

-438

-461

-363

-383

272

-258

-55

-25

-65

-41

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.20

3.50

3.20

3.34

3.33

3.47

3.51

3.46

3.47

3.43

10.78

9.63

8.83

8.66

8.64

8.66

8.63

8.70

8.74

Government

0.00

13.51

14.97

15.63

15.80

15.69

15.62

15.70

15.62

15.63

Rites Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Rites Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI