RITES Ltd
- P/E
- 21.8x
- 52-week range
- 175 – 259.7
- ROE
- 15%
- ROCE
- 22%
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
RITES Limited is an India-based engineering and consultancy company providing a range of services and solutions in all areas of transport and infrastructure development. The Company is engaged in design engineering, project management consultancy, turnkey construction, export of rolling stock, locomotive leasing, and quality assurance, serving sectors, including railways, highways, metros, bridges and tunnels, sustainability and green mobility, airports, land ports, ropeways, urban planning and infrastructure, ports and harbors, and institutional buildings. Its segments include consultancy services, leasing of railway rolling stock and equipment, export of rolling stock, equipment, and spares, turnkey construction projects, and power generation. Its subsidiaries include RITES (Afrika) (Pty) Limited, which is engaged in design and project consultancy services and REMC Limited, which develops business opportunities in the power sector, green energy, power trading, and other fields.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →RITES Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)21.8 against a typical 14.4: pricier than most peers (1st = cheapest).120th of 181
- Sales growth+8.6% against a typical +8.6% from a year earlier.74th of 147
- Profit growth+7.7% against a typical 0% from a year earlier.58th of 130
- Share price, 3 months−10.4% against a typical −13.1%.73rd of 164
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA / CARE A1+ | Stable | 3 Jul 2026 |
| Infomerics | IVR AAA | Stable | 26 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Jul 2026 | New rating | CARE AAA / CARE A1+ | — | CARE | ₹ 3,555 Cr. | |
| 26 Jun 2026 | Reaffirmed | IVR AAA | — | Infomerics | ₹ 3,555 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results/Dividend | Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results Of The Company For The QuarterAnd Half Year Ended On 30.09.2026 And Declaration Of Second Interim Dividend, If Any On Equity Shares Of The Company, For The Financial Year 2026-27. |
| 4 Aug 2026 | Financial Results/Dividend | Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 04th August, 2026 inter- alia to consider and approve the following:1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 30th June, 2026.2. Declaration of First Interim Dividend, if any on equity shares of the Company, for the Financial Year 2026-27. |
| 19 May 2026 | Financial Results/Dividend | Board Meeting Intimation to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Financial Year ended on March 31, 2026 and to consider recommendation of final dividend, if any on equity shares of the Company, for the Financial Year 2025-26 |
| 4 Feb 2026 | Financial Results/Dividend | Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 4th February, 2026 inter- alia to consider and approve the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended on 31st December, 2025. 2. Declaration of Third Interim Dividend, if any on equity shares of the Company, for the Financial Year 2025-26. |
| 11 Nov 2025 | Financial Results/Dividend | Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 11th November, 2025 inter- alia to consider and approve the following:1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended on 30th September, 2025.2. Declaration of Second Interim Dividend, if any on equity shares of the Company, for the Financial Year 2025-26. |
| 6 Aug 2025 | Financial Results/Dividend | To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 30th June, 2025 and declaration of First Interim Dividend, if any on equity shares of the Company, for the Financial Year 2025-26 |
| 14 May 2025 | Financial Results/Dividend | Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 14th May, 2025 inter- alia to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Financial Year ended on March 31, 2025 and to consider recommendation of final dividend, if any on equity shares of the Company, for the Financial Year 2024-25. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 582 | 683 | 643 | 486 | 541 | 576 | 602 | 490 | 549 | 609 | 768 | 532 |
| Expenses | 445 | 514 | 467 | 380 | 435 | 458 | 417 | 376 | 419 | 466 | 600 | 418 |
| Operating Profit | 138 | 169 | 176 | 106 | 106 | 117 | 186 | 114 | 130 | 142 | 168 | 115 |
| OPM % | 24% | 25% | 27% | 22% | 20% | 20% | 31% | 23% | 24% | 23% | 22% | 22% |
| Other Income | 28 | 19 | 27 | 25 | 22 | 44 | 27 | 24 | 35 | 30 | 35 | 33 |
| Interest | 1 | 2 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 14 | 15 | 16 | 14 | 15 | 16 | 17 | 15 | 17 | 17 | 16 | 17 |
| Profit before tax | 150 | 171 | 187 | 115 | 111 | 144 | 195 | 122 | 146 | 154 | 186 | 131 |
| Tax % | 27% | 25% | 27% | 21% | 26% | 24% | 27% | 25% | 25% | 25% | 25% | 25% |
| Net Profit | 110 | 129 | 137 | 90 | 82 | 109 | 141 | 91 | 109 | 115 | 139 | 98 |
| EPS in Rs | 2.1 | 2.5 | 2.62 | 1.64 | 1.52 | 2.08 | 2.76 | 1.67 | 2.04 | 2.12 | 2.7 | 1.81 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 5%
- 3 Years
- −3%
- TTM
- 11%
- 10 Years
- 2%
- 5 Years
- −1%
- 3 Years
- −9%
- TTM
- 8%
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 18%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| RITES Ltd | ₹ 196.10 | — | 21.8x | — | 15% | — |
| Swiggy | ₹ 176.70 | ₹ 48,775 Cr. | — | 4x | 0% | 0% |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 221x | 3.4x | 0% | 0% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 11.4x | 0% | 0% |
| Sagility | ₹ 44.10 | ₹ 20,645 Cr. | 22.2x | 2.2x | 0% | 0% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 33.4x | 4.4x | 0% | 0% |
Management
- Rahul Mithal
- Chairman of the Board, Chief Executive Officer, Managing Director
- Krishna Gopal Agarwal
- Chief Financial Officer, Director - Finance, Whole-Time Director
- Nikhil Agarwal
- Compliance Officer, Company Secretary
- Deepak Tripathi
- Executive Director, Director - Technical
- Prem Singh Meena
- Executive Director, Director - Projects
Prices are delayed and for information only. Nothing on this page is investment advice.