MarketFriction

Rites Ltd

NSE RITES · BSE 541556 · Civil Construction
₹209.48 +0.21%
NSE close2026-10-01
52 week range175.00 - 259.70
Market cap₹9,242 Cr.
P/E22.1
IPO 2018 · +183% since Nifty 500Smallcap 250 Price band 20% Delivery 4.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales582683643486541576602490549609768532
Expenses445514467380435458417376419466600418
Operating Profit138169176106106117186114130142168115
OPM %24%25%27%22%20%20%31%23%24%23%22%22%
Other Income281927252244272435303533
Interest120121111111
Depreciation141516141516171517171617
Profit before tax150171187115111144195122146154186131
Tax %27%25%27%21%26%24%27%25%25%25%25%25%
Net Profit11012913790821091419110911513998
EPS in Rs2.102.502.621.641.522.082.761.672.042.122.701.81
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2181,3511,4972,0472,4741,9052,6622,6282,4532,1962,4152,458
Expenses8711,0051,0711,4691,8111,3531,9331,8691,7921,6531,8321,903
Operating Profit347347427578663552729759661543583555
OPM %29%26%28%28%27%29%27%29%27%25%24%23%
Other Income2082101542002681018410392118123132
Interest114251010913212134333
Depreciation373836384752666761626667
Profit before tax518505519730874593735774670565608617
Tax %34%33%31%33%28%25%27%26%26%25%25%
Net Profit340337357490633444539571495424454461
EPS in Rs13.556.576.859.3912.329.0010.7411.289.488.018.548.67
Dividend Payout %40%46%32%54%65%72%79%91%95%94%85%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%5%-3%11%
Compounded Profit Growth2%-1%-9%8%
Stock Price CAGR%7%-8%-22%
Return on Equity18%18%16%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital100100200200200250240240240240481481
Reserves1,5761,7071,8382,0142,2222,3832,1522,2482,3632,3692,1602,201
Borrowings01738355484737285897
Other Liabilities1,9292,5312,6782,9012,9563,2223,4083,3263,3813,0473,4723,242
Total Liabilities3,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1215,930
Fixed Assets212476406402478590584560552535884867
CWIP2634524415581011744889
Investments226220328133141261289205130109117104
Other Assets3,1413,7814,0604,6334,8035,0474,9485,0205,2084,8465,0724,870
Total Assets3,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1215,930
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-89463555410164319516310560432637327
Cash from Investing Activity291-520-56-4541394919462163-315-205-35
Cash from Financing Activity-3839-215-217-279-420-708-376-483-504-405-424
Net Cash Flow165-18284-26124-522-5239-38727-131
Free Cash Flow-19626954034812207436168424295505266
CFO/OP15%186%208%138%70%80%112%68%98%99%148%75%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days137161125114109124112101126134123141
Inventory Days322230211819663
Days Payable408184572144105589520
Cash Conversion Cycle-239161125-47-161-911277-367134123-317
Working Capital Days-464-427-449-454-297-240-335-234-219-203-282-173
ROCE %30%28%21%24%30%33%23%29%30%25%22%23%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.20%72.20%72.20%72.20%72.20%72.20%72.20%72.20%72.20%72.20%72.20%72.20%
FIIs3.98%3.22%4.17%3.50%3.20%3.34%3.33%3.47%3.51%3.46%3.47%3.43%
DIIs12.72%12.27%11.09%10.78%9.63%8.83%8.66%8.64%8.66%8.63%8.70%8.74%
Public11.10%12.31%12.53%13.50%14.95%15.63%15.79%15.69%15.63%15.70%15.62%15.63%
No. of Shareholders1,45,0941,62,9862,35,2962,65,9843,50,2363,91,4694,11,7254,02,3344,03,1763,92,5623,86,2133,79,928

Fundamentals

Market Cap₹ 9,242 Cr.
Current Price₹ 192
Stock P/E22.1
Book Value₹ 55.8
ROCE23.0 %
ROE15.4 %
Dividend Yield4.13 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)8%
Consolidated figures.
Valuation
Market capRs 10,068 Cr
Enterprise valueRs 7,128 Cr
P/E (TTM)24.12x
Price to book3.75x
Price to sales4.10x
EV / EBITDA10.38x
EV / EBIT11.50x
EV / sales2.90x
Price to cash flow30.74x
Earnings yield4.15%
Dividend yield3.46%
P/E, 3-year average22.00x
P/B, 3-year average3.42x
P/E, 5-year average15.99x
P/B, 5-year average2.63x
Profitability
Operating margin (excl. other income)24.15%
Operating margin (incl. other income)29.26%
EBITDA margin27.95%
Pre-tax margin25.09%
Net profit margin16.98%
Net margin, latest quarter16.39%
ROE15.42%
ROCE24.01%
ROA6.81%
ROE, 3-year average15.85%
ROCE, 3-year average24.41%
ROA, 3-year average7.05%
ROE, 5-year average18.00%
ROCE, 5-year average26.90%
ROA, 5-year average7.83%
Tax rate25.23%
Other income / net worth4.60%
Growth
Sales growth (latest year)9.96%
Profit growth (latest year)6.62%
Sales CAGR, 3 years-2.78%
Sales CAGR, 5 years4.86%
Profit CAGR, 3 years-8.87%
Profit CAGR, 5 years-1.04%
Sales growth QoQ-30.73%
Profit growth QoQ-32.90%
Sales growth YoY (latest quarter)8.67%
Profit growth YoY (latest quarter)8.88%
Per share
EPS (TTM)Rs 8.68
EPS (latest year)Rs 8.54
EPS (latest quarter)Rs 1.81
EPS, 3-year averageRs 11.83
EPS, 5-year averageRs 15.91
Book value per shareRs 55.79
Sales per shareRs 51.14
Cash flow per shareRs 6.81
Free cash flow per shareRs 5.53
Dividend per share (latest year)Rs 7.25
Dividend per share, 3-year averageRs 10.93
Dividend per share, 5-year averageRs 14.06
Dividends
Dividend payout84.93%
Dividend payout, 3-year average91.40%
Dividend payout, 5-year average88.84%
Efficiency
Asset turnover0.41x
Fixed asset turnover2.79x
Inventory turnover29.75x
Inventory days12 days
Debtor days141 days
Debtors turnover2.59x
Creditor days520 days
Cash conversion cycle-317 days
Working capital days-173 days
Leverage
Total debtRs 7 Cr
Cash and bankRs 2,946 Cr
Net debtRs -2,940 Cr
Debt to equity0.00x
Net debt / EBITDA-4.28x
Interest coverage193.13x
Current ratio (filing 2026-03-31)1.67x
Quick ratio (filing 2026-03-31)1.66x
Trade payables (filing 2026-03-31)Rs 320 Cr
Owners' fund to total sources45.22%
Debt to assets0.11%
Cash flow
Cash from Operating Activity (latest year)Rs 327 Cr
Cash from Investing Activity (latest year)Rs -35 Cr
Cash from Financing Activity (latest year)Rs -424 Cr
Net Cash Flow (latest year)Rs -131 Cr
Free cash flow (latest year)Rs 266 Cr
FCFE (approx.: FCF + change in debt)Rs 264 Cr
Cash from ops / profit, 5 years0.91x
Sales to cash flow7.37x
Statement figures
Net sales (TTM)Rs 2,458 Cr
Net sales (latest year)Rs 2,415 Cr
Sales (latest quarter)Rs 532 Cr
Operating profit excl. other income (latest year)Rs 583 Cr
Operating profit (latest quarter)Rs 115 Cr
Other income (TTM)Rs 132 Cr
EBITDA (TTM)Rs 687 Cr
PBDT (TTM)Rs 684 Cr
Profit before tax (TTM)Rs 617 Cr
Tax (latest year)Rs 153 Cr
Net profit (TTM)Rs 417 Cr
Net profit (latest year)Rs 410 Cr
Net profit (latest quarter)Rs 87 Cr
Depreciation (TTM)Rs 67 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 1,146 Cr
Total expenditure (latest year)Rs 1,832 Cr
Total income (latest year)Rs 2,539 Cr
Share capitalRs 481 Cr
ReservesRs 2,201 Cr
Shareholders' fundsRs 2,681 Cr
Total assetsRs 5,930 Cr
Net blockRs 867 Cr
Capital work in progressRs 89 Cr
InvestmentsRs 104 Cr
ReceivablesRs 931 Cr
InventoryRs 39 Cr
Other liabilitiesRs 3,242 Cr
Shares outstanding (crore)48.06
Ownership
Promoter holding72.20% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.1 is at the 70th percentile of its own 8.3-year range (median 15.7, low 9.3, high 37.7).
P/B 3.75 is at the 63th percentile (median 3.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRITESNifty 50Difference
1 week+3.8%-2.8% +6.6 pts
1 month-3.2%-6.8% +3.6 pts
3 months-4.0%-7.6% +3.6 pts
6 months+19.3%+0.4% +18.9 pts
1 year-17.0%-9.9% -7.1 pts
2 years-42.4%-13.6% -28.9 pts
3 years-14.9%+14.2% -29.1 pts
5 years+52.2%+27.9% +24.3 pts
37 mutual fund schemes hold about ₹234 Cr. Over three months 33 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.24%201 +5%
HDFC Balanced Advantage Fund0.01%13 +14%
Nippon India Nifty Smallcap 250 Index Fund0.13%5 +7%
DSP Nifty Smallcap250 Quality 50 Index Fund0.98%3 +5%
SBI Nifty Smallcap 250 Index Fund0.13%2 +7%
Groww Nifty India Railways PSU Index Fund3.32%2 +15%
Motilal Oswal Nifty Smallcap 250 Index Fund0.13%2 +7%
ICICI Pru Nifty Smallcap 250 Index Fund0.13%1 +7%
HDFC NIFTY Smallcap 250 Index Fund0.13%1 +7%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 +3%
JioBlackRock Nifty Smallcap 250 Index Fund0.13%1 +7%
Motilal Oswal Nifty 500 Index Fund0.01%0 +12%
Edelweiss Nifty Smallcap 250 Index Fund0.13%0 +7%
Taurus Infrastructure Fund3.07%0 +65%
Groww Nifty Smallcap 250 Index Fund0.13%0 +7%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.03%0 +7%
Bandhan Nifty Smallcap 250 Index Fund0.13%0 +7%
Kotak Nifty Smallcap 250 Index Fund0.13%0 +7%
SBI Nifty 500 Index Fund0.01%0 +12%
Kotak BSE PSU Index Fund0.14%0 +12%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.19%0 +9%
Groww Nifty Total Market Index Fund0.01%0 +12%
Axis Nifty 500 Index Fund0.01%0 +12%
HDFC BSE 500 Index Fund0.01%0 +4%
ICICI Pru Nifty 500 Index Fund0.01%0 +12%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹532 Cr +8.6% vs Jun 2025. Net profit ₹98 Cr +7.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 2.75 Per Share
2026-08-10Interim Dividend - Rs 1.40 Per Share
2026-02-10Interim Dividend - Rs 1.90 Per Share
2025-11-14Interim Dividend - Rs 2 Per Share
2025-09-17Dividend - Rs 2.65 Per Share
2025-08-12Interim Dividend - Rs 1.30 Per Share
2025-01-31Interim Dividend - Rs 1.90 Per Share
2024-11-14Interim Dividend - Rs 1.75 Per Share
2024-09-20Dividend - Rs 5 Per Share
2024-09-20Bonus 1:10.5000
2024-09-05Annual General Meeting
2024-08-08Interim Dividend - Rs 2.50 Per Share
2024-02-09Interim Dividend - Rs 4.75 Per Share
2023-11-08Interim Dividend - Rs 4.50 Per Share
2023-09-08Annual General Meeting/Dividend - Rs 6 Per Share
2023-08-07Interim Dividend - Rs 3.75 Per Share
2023-02-17Interim Dividend - Rs 6 Per Share
2022-11-17Interim Dividend - Rs 4.50 Per Share
2022-09-08Annual General Meeting/Dividend - Rs 3.5 Per Share
2022-08-04Interim Dividend - Rs 4 Per Share
2022-03-24Interim Dividend - Rs 7.50 Per Share
2021-11-24 Interim Dividend - Rs 4 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 4 Per Share
2021-08-18 Interim Dividend - Rs 2 Per Share
2021-03-18 Interim Dividend - Rs 4 Per Share
2021-01-08 Interim Dividend - Rs 5 Per Share
2020-09-29 Buyback
2020-08-19 Annual General Meeting/Dividend - Rs 6 Per Share
2020-02-17 Interim Dividend - Rs 4 Per Share
2020-01-09 Interim Dividend-Rs 6 Per Share
2019-08-08 Bonus 1:40.8000
2019-07-22 Annual General Meeting
2019-07-10 Dividend - Rs 4 Per Share
2019-03-20 Interim Dividend - Rs 4 Per Share
2018-12-27 Interim Dividend - Rs 4.75 Per Share
2018-09-11 Annual General Meeting/Dividend Rs 2 Per Share
DateTypeWhat it says
2026-09-25Shareholder meetingRITES Limited has submitted the Exchange Voting Results and Consolidated Scrutinizer s Report on e-voting of 52nd AGM.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-25General UpdatesInitiation of the process for closure of RITES (Afrika) Proprietary Limited ( Wholly-owned subsidiary of RITES Limited)
2026-09-24Concall / analyst meetSchedule of meet
2026-09-23Concall / analyst meetSchedule of meet
2026-09-23Press ReleaseA press release dated September 23, 2026, titled "RITES, NHIDCL collaborate to boost highway & infra projects".
2026-09-22Order winUpdate regarding Major Order Secured.
2026-09-18General UpdatesIntimation Of ESG Rating By Niche Ninety Nine Capability And Certifications (OPC) Private Limited
2026-09-08General UpdatesAppointment of Statutory Auditors by Comptroller & Auditor General of India for the Financial Year 2026-27
2026-09-03General UpdatesWeb link of the Integrated Annual Report for the financial year 2025-26
2026-09-03General UpdatesNotice of the 52nd Annual General Meeting (AGM) and Integrated Annual Report for the Financial Year 2025-26
2026-09-03Shareholder meetingNotice of the 52nd Annual General Meeting (AGM) and Integrated Annual Report for the Financial Year 2025-26
2026-08-28General UpdatesIntimation regarding opening of Branch Office in the Republic of South Africa.
2026-08-27Concall / analyst meetSchedule of meet
2026-08-25General UpdatesIntimation of 52nd Annual General Meeting, E-voting and Fixation of Record Date for Final Dividend for FY 2025-26
2026-08-25Record Date4. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has fixed Sunday, September 20, 2026...
2026-08-25Shareholder meetingIntimation of 52nd Annual General Meeting, E-voting and Fixation of Record Date for Final Dividend for FY 2025-26
2026-08-21Director changeChange in Director(s) of the company.
2026-08-20UpdatesExtension of tenure of Shri Rahul Mithal, CMD, RITES Limited
2026-08-19General UpdatesIntimation of Sale of Entire Equity Shareholding held by RITES in Elicius Energy Private Limited, Associate Company .
2026-08-11Concall / analyst meetTranscript
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "RITES & HPCL sign MoU for rail infra consultancy".
2026-08-05Concall / analyst meetLink of Recording
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "RITES Q1FY27 Revenue ₹561 cr; PAT ₹98 cr; Declares Interim Dividend of ₹1.4/share".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-20NCLTMr. Kokkadan Pylan Johny Vs Rites Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03