Is Rites a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rites Ltd is a good quality company .

Is Rites undervalued or overvalued?

The key valuation ratios of Rites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Rites share price return in the past 10 years?

Data is not available for this company

Is Rites a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rites Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Rites Ltd - Stock Valuation and Financial Performance

Name: Rites
Brand: Rites

BSE: 541556 | NSE: RITES | Engineering | Small Cap

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Rites Share Price

₹280.60 -12.45 -4.25%
as on 20-Dec'24 16:59

10 Year X-Ray of Rites:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	28.4%	27.9%	25.1%	24.2%	31.2%	34.3%	23.5%	30.1%	30.5%	25.9%	-
Value Creation Index ⓘ	1.1	1.1	0.9	0.8	1.2	1.5	0.7	1.2	1.3	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453	2,353
Sales YoY Gr.	-	8.4%	22.7%	10.8%	36.7%	20.9%	-23%	39.7%	-1.3%	-6.7%	-
Adj EPS ⓘ	6	6.1	5.5	6.8	9.2	11.8	8.9	10.5	10.7	9.4	8.3
YoY Gr.	-	1.7%	-9%	21.8%	35.6%	29.4%	-24.8%	17.7%	1.9%	-12.5%	-
BVPS (₹) ⓘ	32.7	37.8	40.8	44.3	48.4	52.7	49.8	51.8	54.2	54.3	53.8
Adj Net Profit ⓘ	299	304	277	338	457	592	428	504	514	449	398
Cash Flow from Ops. ⓘ	-93.9	463	555	410	164	317	516	310	560	432	-
Debt/CF from Ops. ⓘ	-1	0.3	0.2	0.1	0.3	0.1	0.1	0.1	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.3%	3.7%	8.8%	-6.7%
Adj EPS ⓘ	5.1%	0.4%	1.6%	-12.5%
BVPSⓘ	5.8%	2.3%	2.9%	0.2%
Share Price	-	14.7%	28.8%	15.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.7	17.3	14.1	15.9	19.7	23.4	17.1	20.7	20.2	17.2	15.4
Op. Profit Mgn % ⓘ	32.2	33.1	26.5	27.9	28.1	26.7	28.9	27.2	28.3	26.3	23.7
Net Profit Mgn % ⓘ	29.4	27.7	21.2	23.5	23.3	24.6	23.1	19.8	20.6	20	16.9
Debt to Equity ⓘ	0.1	0.1	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	389	369	311	232	176	176	252	202	205	217	353
Cash Conv. Cycle ⓘ	72	105	110	77	61	66	95	57	58	62	133

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 15.30%

Sales growth has been subdued in last 3 years 8.79%

Net Profit has been subdued in last 3 years 1.62%

Sales growth is not so good in last 4 quarters at -5.85%

Latest Financials - Rites Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.2	8.3
TTM Sales (₹ Cr.)	2,223	2,353
BVPS (₹.) ⓘ	51.6	53.8
Reserves (₹ Cr.) ⓘ	2,417	2,103
P/BV ⓘ	5.44	5.22
PE ⓘ	34.36	33.86

From the Market
52 Week Low / High (₹)	235.25 / 413.07
All Time Low / High (₹)	76.00 / 413.07
Market Cap (₹ Cr.)	13,486
Equity (₹ Cr.)	480.6
Face Value (₹)	10
Industry PE ⓘ	48

Management X-Ray of Rites:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rites

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Rites

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,017	1,102	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453
Operating Expenses ⓘ	689	737	993	1,080	1,471	1,814	1,356	1,938	1,883	1,809
Manufacturing Costs	179	154	179	282	703	795	705	614	1,009	1,100
Material Costs	80	138	253	153	127	343	54	629	187	61
Employee Cost	330	341	417	459	487	521	483	517	509	492
Other Costs ⓘ	100	105	145	187	155	155	114	178	178	155
Operating Profit ⓘ	327	365	358	417	576	661	550	724	745	644
Operating Profit Margin (%)	32.2%	33.1%	26.5%	27.8%	28.1%	26.7%	28.8%	27.2%	28.3%	26.3%
Other Income ⓘ	154	192	210	154	193	261	100	83	102	86
Interest ⓘ	2	1	14	13	9	7	6	7	7	5
Depreciation ⓘ	27	35	38	36	38	47	52	66	67	61
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	453	518	505	519	730	874	593	735	774	670
Tax ⓘ	150	178	167	162	240	241	148	197	203	175
Profit After Tax	303	340	337	357	490	633	444	539	571	495
PAT Margin (%)	29.8%	30.9%	24.9%	23.8%	23.9%	25.6%	23.3%	20.2%	21.7%	20.2%
Adjusted EPS (₹)	6.1	6.8	6.6	6.9	9.4	12.3	9.0	10.7	11.3	9.5
Dividend Payout Ratio (%)	20%	40%	41%	32%	54%	65%	72%	79%	91%	95%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,629	1,883	2,038	2,214	2,422	2,633	2,392	2,489	2,604	2,609
Share Capital ⓘ	100	100	200	200	200	250	240	240	240	240
Reserves ⓘ	1,529	1,783	1,838	2,014	2,222	2,383	2,152	2,248	2,363	2,369
Minority Interest	15	26	44	57	72	81	88	106	115	112
Debt	94	111	76	48	40	33	25	17	0	0
Long Term Debt	22	111	76	48	40	33	25	17	0	0
Short Term Debt	72	0	0	0	0	0	0	0	0	0
Trade Payables	107	90	73	77	199	136	296	181	302	220
Others Liabilities ⓘ	1,822	2,279	2,540	2,722	2,622	3,023	3,005	2,998	2,920	2,694
Total Liabilities ⓘ	3,668	4,388	4,771	5,117	5,354	5,906	5,806	5,791	5,941	5,635
Fixed Assets
Gross Block	357	581	478	510	624	783	824	862	919	952
Accumulated Depreciation	135	163	73	109	147	192	239	302	367	417
Net Fixed Assetsⓘ	221	419	405	401	477	590	584	560	552	535
CWIP ⓘ	115	9	5	2	4	4	15	58	101	174
Investmentsⓘ	201	251	328	133	141	261	289	205	130	109
Inventories	45	11	50	9	105	11	286	119	31	5
Trade Receivables	367	534	462	468	610	844	584	740	907	900
Cash Equivalents ⓘ	2,062	2,551	2,887	3,596	3,506	3,613	3,357	3,299	3,449	3,141
Others Assetsⓘ	656	613	634	508	511	583	690	810	772	770
Total Assets ⓘ	3,668	4,388	4,771	5,117	5,354	5,906	5,806	5,791	5,941	5,635

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-94	463	555	410	164	317	516	310	560	432
PBT ⓘ	453	518	505	519	730	874	593	735	774	670
Adjustment ⓘ	-103	-140	-77	7	-109	-99	-67	56	34	-1
Changes in Working Capital ⓘ	-305	270	294	65	-216	-249	92	-296	-65	-15
Tax Paid ⓘ	-140	-184	-167	-181	-242	-210	-102	-185	-183	-223
Cash Flow From Investing Activity ⓘ	291	-570	-58	-459	137	38	184	53	-15	11
Capex	-107	-194	-15	-62	-152	-112	-80	-142	-135	-137
Net Investments	306	-504	-139	-517	168	29	167	125	66	74
Others ⓘ	92	128	96	120	120	122	97	69	54	74
Cash Flow From Financing Activityⓘ	-38	38	-215	-217	-279	-419	-708	-440	-483	-504
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	-8	-25	0
Interest Paid ⓘ	0	0	-12	-9	-7	-5	-5	-5	-4	-3
Dividend Paid ⓘ	-53	-77	-146	-148	-215	-330	-366	-425	-452	-500
Others ⓘ	15	115	-57	-60	-57	-84	-337	-2	-2	-2
Net Cash Flow ⓘ	159	-68	282	-267	22	-64	-9	-78	62	-61

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	20.01	19.38	17.19	16.77	21.13	25.05	17.68	22.07	22.42	19
ROCE (%)	28.4	27.87	25.13	24.24	31.2	34.29	23.48	30.07	30.52	25.9
Asset Turnover Ratio	0.28	0.27	0.3	0.34	0.44	0.49	0.37	0.5	0.51	0.49
PAT to CFO Conversion(x)	-0.31	1.36	1.65	1.15	0.33	0.5	1.16	0.58	0.98	0.87
Working Capital Days
Receivable Days	122	149	134	101	86	96	120	83	100	116
Inventory Days	19	9	8	7	9	8	25	25	9	2
Payable Days	532	261	118	179	397	178	1,472	139	471	1,557

Rites Ltd Stock News

Rites Ltd FAQs

What is the share price of Rites?

Company share prices are keep on changing according to the market conditions. The closing price of Rites on 20-Dec-2024 16:59 is ₹280.6.

What is the market cap of Rites?

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 20-Dec-2024 16:59 the market cap of Rites stood at ₹13,485.7.

What is the P/E ratio of Rites?

The latest P/E ratio of Rites as of 20-Dec-2024 16:59 is 34.36.

What is the P/B ratio of Rites?

The latest P/B ratio of Rites as of 20-Dec-2024 16:59 is 5.44.

What is the 52-week high and low of Rites?

The 52-week high of Rites is ₹413.1 and the 52-week low is ₹235.2.

What is the TTM revenue of Rites?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rites is ₹2,223 ( Cr.) .

About Rites Ltd

RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management. RITES Ltd., an ISO 9001:2015 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants / firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

RITES is internationally recognized as a leading consultant with operational experience of over 55 countries in Asia, Africa, Latin America, South America and Middle East regions. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

Business area of the company

The company is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies. It has significant presence as a transport infrastructure consultancy organization in the railway sector. However, it also provides consultancy services across other infrastructure and energy market sectors including urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy.

Sectors of operation

Workshop
Airports
Architecture & Planning
Bridge & Tunnel Engineering
Construction Project Management
Environmental Engg./Urban Engg.
Electrical Engineering
Expotech
Financial Management
Geotechnology
Highways
Industrial Engineering
Information Technology
Materials System Management
Railway Equipment Services
Port & Water Resources
Privatisation & Concessions, IT
Quality Assurance
Railway Electrification
Railways
Rolling Stock Design
Ropeways
Signal & Telecom
Surveys
Training
Urban Transport & UI
Railway Infrastructure

Awards

2012-13: Received the EEPC Gold Trophy for Top Exporter in 2012-13, from EEPC India.
2012-13: Received ‘Gold Plate Award 2011-12’ from HelpAge India for contribution towards cause and care of the underprivileged and elderly.
2012-13: Received ‘JGBS Top Rankers Excellence - Financial Pride Award’ from Jindal Global Business School.
2013-14: Received ‘Special Commendation for the Golden Peacock Award for Corporate Social Responsibility, 2013’ at the Golden Peacock Awards.
2013-14: Received ‘National Award for Excellence in Cost Management-2013 (Second Award in Public Service Sector (Large)) from the Institute of Cost Accountants of India.
2014-15: Received ‘Legend PSU of The Year’ Award in the category of Transport Infrastructure Services by the News Ink National Awards.
2015-16: Received ‘National Award for Excellence in Cost Management-2015 (Second Position - Public Service Sector Medium); from the Institute of Cost Accountants of India.
2016-17: Received the ’Corporate Governance & Sustainability Vision Award – 2017’ by Indian Chamber of Commerce.
2016-17: Received the Golden Peacock National Quality Awards (GPNQA) category for the year 2017.
2017-2018: Received ‘India Pride Awards 2017-18’ for excellence in Miniratna -1 category from Dainik Bhaskar.
2017-2018: Received the 47th Export Awards, Northern Region for export excellence from EEPC India, Northern Region.
2018-19: EEPC Top Exporters Gold Trophy, Merchant Exporter” Regional Award (Northern) for Export Excellence for the year 2015-16 (EEPC, Ministry of Commerce).
2018-19: Dainik Bhaskar Group’s initiative India Pride Award 017-18 for excellence in performance and services.
2018-19: The Governance now Digital PSU Award in Mini Ratna category.
2018-19: Skoch merit award’ for CSR project of skill development centre in Udaipur.
2019-20: 49thEEPC (Northern Region) Award for Export Excellence.
2019-20: PSE Excellence Award by Indian Chamber Of Commerce.
2019-20: National Project Excellence Award by Project Management Association.
2019-20: Project of the Year Award (Small Category) By Project Management Institute.
2019-20: Award of Excellence for the Best Law Department in PSU Category by Indian Corporate Council Association (ICCA).
2019-20: Active Customer Engagement Award at Customer Obsession-2019.
2019-20: Governance Now PSU Award (Digital Technology).
2019-20: Award for CSR Activities.

Milestones

1975-76: Entered into a consultancy agreement for conducting techno-economic study for Syrian Railways.
1985-86: Development of geotechnical centre for field and laboratory investigations.
1994-95: Entered into a consultancy project agreement for providing services in relation to the Mass Rapid Transit System for Delhi Government.
1998-99: Entered into a contract with Delhi Metro – Phase I project for providing construction management and consultancy services to Delhi Metro Rail Corporation.
2004-05: Detail design consultancy services for the 12.5 km long railway tunnel in India, the Pir- Panjal railway tunnel.
2005-06: Proposal for providing design, construction supervision and post construction services for Francistown-Ramakgwebana Road project, Botswana was accepted.
2009-10: Formed a Joint Venture Company (JVC) with SAIL for manufacturing of wagons, including high end specialized wagons for Indian Railways and other domestic and overseas customers.
2012-13: Set-up a subsidiary in collaboration with Indian Railways for generation and procurement of power including through renewable energy.
2016-17: Entered into an agreement with Metro Express for providing construction management services for the Metro Express Project in Mauritius.
2016-17: Entered into off-shore construction management project of metro in Mauritius.
2016-17: Entered into railway concessioning agreement on PPP model by forming an SPV for Bhuj-Naliya corridor.
2016-17: Secured highest value export order of about Rs 6,800 million from Sri Lankan Railways for supply of locomotives and DMUs.
2016-17: Recorded highest ever revenue of over Rs 15,000 million in the history of the company.
2017-18: Completed 4.56 km long rail cum road Bogibeel Bridge
2017-18: New campus constructed by RITES for Central University of Kerala at Kasargod, Kerala.
2018-19: Setting up of Wind Plant of 10.5 MW, Tamil Nadu
2018-19: Open Web Girder Launched over Central Railway Track for Metro Crossing
2019-20: RITES signs contract with Sri Lanka for supply of 2 additional DEMUs
2019-20: RITES signs MoU with RailTel