RITES Limited share price

NSE: RITES · ISIN INE320J01015

Key numbers

Market cap
₹ 9,579 Cr
Current price
₹ 199.31
52-week high / low
₹ 270 / 175
Stock P/E
23.0
Book value
₹ 55.7
Dividend yield
5.52%
ROCE
22.8%
ROE
15.4%
Debt to equity
0.00
Sales growth (3 yrs)
-2.5%
Profit growth (3 yrs)
-8.9%
1-year return
-22.8%

About 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 turnkey 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,…

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales490549609768532
Operating profit114130142168115
Net profit809810213087
EPS (₹)1.672.042.122.701.81

Concall summary (2026-08-11)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Our target of achieving INR 10,000 crore, and the interesting thing is that about 70% of these fresh orders are on a competitive basis.
  • But as you see, we have been giving a guidance that on a consol basis, our red lines are not coming below the 20% EBITDA margin.

Growth & demand

  • As you recall, that was primarily due to the all-time high order book of last year which has started to generate revenue and we have a substantial growth YoY in the overall FY.
  • Broadly, if I put it, it's about 50% of the export order book is for these coaches to Bangladesh and the balance is for the locomotives.

Margins & costs

  • Basically, they always remain in the range of about 1.5-2% margins.
  • Our red lines of 20% EBITDA margins and 15% PAT margin on a consol basis, we will definitely strategically pushing on the execution of some higher margin orders out of the 700 plus order that we are executing.

Capex & expansion

  • Once there is no major change, we can with the low CapEx and hardly any working capital requirement, debt free, we don't see any major shift in the dividend payout policy.

Balance sheet & cash

  • And the second part is in terms of dividend payout over next two to three years, sir.
  • In terms of REMCL, REMCL has been steadily giving a good PAT and dividend to us.

Peers in Engineering & Construction

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