Rites Ltd Analyst Rating
based on 4 analysts
25.00%
Buy
50.00%
Hold
25.00%
Sell
Based on 4 analysts offering long term price targets for Rites Ltd. An average target of ₹333.5
Source: S&P Global Market Intelligence
Rites Ltd Share analysis
Rites Ltd price forecast by 4 analysts
Upside of21.87%
High
₹347
Target
₹333.50
Low
₹325
Rites Ltd target price ₹333.5, a slight upside of 21.87% compared to current price of ₹275.25. According to 4 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Rites Ltd revenue growth forecast
Expected growth rate Q1, FY2026:24.20%
Forecast
Actual
Including amortisation and stock based compensations
Rites Ltd EPS growth forecast
EPS estimate Q1, FY2026:17.74%
Forecast
Actual
Source: S&P Global Market Intelligence
Rites Ltd Performance
Day's Low
Day's High
₹271₹276.752 Week's Low
52 Week's High
₹230.85₹412.98
| Returns % | |
| 1 Month Return | -5.65 % |
| 3 Month Return | -16.67 % |
| 1 Year Return | + 16.1 % |
| Market Stats | |
| Previous Close | ₹273.65 |
| Open | ₹273.05 |
| Volume | 4.51L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹13,151.72Cr |
Rites Ltd Key Statistics
| P/E Ratio | 33.01 |
| PEG Ratio | -19.19 |
| Market Cap | ₹13,151.72 Cr |
| P/B Ratio | 6.37 |
| EPS | 10.305 |
| Dividend Yield | 2.71 |
| Sector | Miscellaneous |
| ROE | 18.13 |
Rites Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹13,151.72 Cr | 17.11% | 0.54 | ₹495 Cr | ₹2,452 Cr | |
| HOLD | ₹23,824.80 Cr | 51.94% | 0.56 | ₹414 Cr | ₹10,432 Cr | |
| BUY | ₹28,806.27 Cr | 97.77% | 0.65 | ₹401 Cr | ₹4,896 Cr | |
| ₹87,956.57 Cr | 332.28% | 0.73 | ₹1,574 Cr | ₹21,889 Cr | ||
| BUY | ₹10,950.56 Cr | 8.2% | 0.58 | -₹211 Cr | ₹3,035 Cr |
Rites Ltd Mutual Fund Holdings
About Rites Ltd
The company offers a wide range of services and products in the areas of transport infrastructure, rolling stock, consultancy, project management and engineering services. Rites Ltd is a major manufacturer of locomotives and rolling stock for Indian Railways, as well as for international customers. It also manufactures and supplies a wide range of components for the railway industry.
Rites Ltd's top products include diesel and electric locomotives, coaches, wagons, bogies, freight cars, and other railway components. The company also offers its services in the areas of feasibility studies, project management, engineering, and consultancy.
Share Price: ₹275.25 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹13,151.72Cr as of today
Revenue: ₹540.86Cr as on September 2024 (Q3 24)
Net Profit: ₹82.50Cr as on September 2024 (Q3 24)
Listing date: 02 Jul, 2018
Chairperson Name: Rahul Mithal
| Organisation | Rites Ltd |
| Headquarters | Gurgaon |
| Industry | Miscellaneous |
| E-voting on shares | Click here to vote |
Key events for Rites Ltd
Rites Partners with NISE for Renewable Energy Quality - 21 Nov, 2024
Rites Ltd has signed a memorandum of understanding with the National Institute of Solar Energy to provide quality assurance services for solar and renewable energy projects, aiming to enhance infrastructure and promote skill development. Despite a decline in net profit and revenue, shares rose slightly.
RITES Ltd Signs MoU and Receives Upgrade - 20 Nov, 2024
RITES Ltd has signed a MoU with the National Institute of Solar Energy for quality assurance in renewable projects. Elara Capital upgraded the stock to BUY, highlighting strong export orders and a positive outlook despite some EPS reductions.
RITES Partners with NISE for Renewable Energy Quality Assurance - 19 Nov, 2024
RITES Ltd. has signed an MoU with the National Institute of Solar Energy to collaborate on Quality Assurance services for solar and renewable energy projects, enhancing infrastructure and skill development in the sector.
RITES Declares Second Interim Dividend for FY25 - 13 Nov, 2024
RITES Ltd has declared a second interim dividend of Rs 1.75 per share for FY25, with a record date of November 15, 2024. The company has declared 24 dividends since September 2018, with a current dividend yield of 4.37%. Shares closed 1.3% higher at Rs 280.30 on BSE.
RITES Recognized for Best Annual Report - 12 Nov, 2024
RITES Ltd. received the SAFA Award for Best Presented Annual Report 2023, emphasizing its dedication to high-quality financial disclosures and compliance with accounting standards.
RITES Receives Upgrade Amid Director Changes - 08 Nov, 2024
Elara Capital upgraded RITES to 'buy' with a target price of Rs 365, anticipating a rebound in exports. Additionally, two Independent Directors ceased their roles effective November 8, 2024.
RITES Faces Profit Decline Amid Export Expansion Plans - 07 Nov, 2024
RITES Ltd reported a significant decline in Q2 net profit and sales, while also announcing plans to expand exports of diesel locomotives to Africa.
RITES Reports Profit Decline, Secures DMRC Contract - 06 Nov, 2024
RITES Ltd reported a 25% drop in net profit for Q2 FY25, while shares rose 2.5% after winning a ₹36.36 crore DMRC contract. The company declared a second interim dividend of ₹1.75 per share, maintaining a high pay-out ratio.
RITES Secures Retrofit Contract from DMRC - 05 Nov, 2024
RITES Ltd has been awarded a retrofit contract by Delhi Metro Rail Corporation for RS-1 trains, valued at ₹36.36 crore, with a three-year completion timeline. The company’s shares rose by 1.4% following the announcement.
RITES Ltd Secures MoU and Maintains Strong Order Book - 04 Nov, 2024
RITES Ltd signed an MoU with SAIL-Bokaro for consultancy on rail connectivity. The company also secured a Rs 59.13 crore contract in Uttar Pradesh, maintaining a robust order book of Rs 6,355 crore. Additionally, RITES shares ex-traded a 1:1 bonus share, reflecting strong investor confidence.
RITES Executive Director Transitions to NBCC - 02 Nov, 2024
RITES Limited announced that Shri Anjeev Kumar Jain, Executive Director (Finance), has been relieved from his position to join NBCC (India) Limited as Director (Finance).
RITES Ltd Signs MoU, Stock Sees Positive Movement - 30 Oct, 2024
RITES Ltd signed a Memorandum of Understanding with SAIL-Bokaro Steel Plant for project management consultancy on rail connectivity, leading to a notable rise in stock price throughout the day.
RITES Ltd Signs MoU with SAIL-Bokaro Steel Plant - 29 Oct, 2024
RITES Ltd has signed a Memorandum of Understanding with SAIL-Bokaro Steel Plant to provide Project Management Consultancy for rail connectivity works, enhancing infrastructure in Jharkhand.
RITES Ltd Secures ₹59 Crore Infrastructure Contract - 28 Oct, 2024
RITES Ltd has secured a ₹59.13 crore contract from UP State Bridge Corporation for infrastructure project supervision in Uttar Pradesh, boosting shares by 2.8%.
RITES Ltd Secures Key Agreements and Projects - 24 Oct, 2024
RITES Ltd has signed a MoA with NMDC for Project Management Consultancy services to enhance rail connectivity. The company also secured multiple railway projects and maintains a strong order book, showcasing its operational resilience.
RITES Secures Major Contracts Amid Profit Decline - 23 Oct, 2024
RITES has secured a Rs 454 crore turnkey project from KMERC, converting a PMC contract into a larger assignment. Despite a decline in Q1 FY25 net profit, shares surged nearly 3%. Additionally, RITES entered a MoA with NMDC for consultancy services to improve rail connectivity for mining operations.
Insights on Rites Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 13.51% to 14.97% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 510.42 Cr → 563.23 Cr (in ₹), with an average increase of 9.4% per quarter
NO EFFECTAgainst Peers
In the last 3 years, eClerx Services Ltd has given 113.5% return, outperforming this stock by 18.9%
- NO EFFECT
Against Peers
In the last 1 year, Firstsource Solutions Ltd has given 102.7% return, outperforming this stock by 86.6%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 72.20% of holdings in Sep 2024 quarter
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 3.32% to 2.83% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 6 months, RITES stock has moved down by -25.3%
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 3.50% to 3.19% in Sep 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 126.1 Cr → 72.98 Cr (in ₹), with an average decrease of 22.5% per quarter
Rites Ltd Financials
Index Inclusions
Rites Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 72.2% | 0.00 | |
| Foreign Institutions | 3.19% | ||
| Mutual Funds | 2.83% | ||
| Retail Investors | 14.97% | 10.78 | |
| Others | 6.81% |
Rites Ltd Key Indicators
Rites Ltd Valuation
Rites Ltd in the last 5 years
Lowest (9.02x)
March 23, 2020
Today (33.01x)
November 21, 2024
Industry (46.22x)
November 21, 2024
Highest (43.71x)
July 8, 2024
Rites Ltd Earnings and Dividends
Rites Ltd Earnings Results
Rites Ltd’s net profit fell -27.85% since last year same period to ₹72.98Cr in the Q2 2024-2025. On a quarterly growth basis, Rites Ltd has generated -7.64% fall in its net profits since last 3-months.
Read More about Earnings ResultsRites Ltd Dividends November,2024
In the quarter ending September 2024, Rites Ltd has declared dividend of ₹1.75 - translating a dividend yield of 5.12%.
Read More about Dividends
Rites Ltd Technicals Summary
Bearish
Neutral
Bullish
Rites Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Rites Ltd (RITES) share price today is ₹275.25
Rites Ltd is listed on NSE
Rites Ltd is listed on BSE
- Today’s highest price of Rites Ltd is ₹276.7.
- Today’s lowest price of Rites Ltd is ₹271.
PE Ratio of Rites Ltd is 33.01
PE ratio = Rites Ltd Market price per share / Rites Ltd Earnings per share
Today’s traded volume of Rites Ltd(RITES) is 4.51L.
Today’s market capitalisation of Rites Ltd(RITES) is ₹13151.72Cr.
| Rites Ltd(RITES | Price |
|---|---|
52 Week High | ₹412.98 |
52 Week Low | ₹230.85 |
Rites Ltd(RITES) share price is ₹275.25. It is down -33.35% from its 52 Week High price of ₹412.98
Rites Ltd(RITES) share price is ₹275.25. It is up 19.23% from its 52 Week Low price of ₹230.85
| Rites Ltd(RITES | Returns |
|---|---|
1 Day Returns | 1.6% |
1 Month Returns | -5.65% |
3 Month Returns | -16.67% |
1 Year Returns | 16.1% |