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RITES Limited (RITES.NS)

INR223.20 +1.05 (+0.47%)
IN NSE Industrials Engineering & Construction
Address RITES Bhawan 122001
Gurugram, IN
CEO Rahul Mithal
Website rites.com
IPO 2018-07-03
ISIN INE320J01015

Explore sections of this company profile

Also trades on Bombay Stock Exchange · RITES.BO (INR) National Stock Exchange of India · RITES.NS (INR)
Description

Headquartered in Gurugram, India, and established in 1974, RITES Limited is a comprehensive provider of consultancy, engineering, and project management services across a broad spectrum of infrastructure sectors. These include railways, highways, airports, ports, ropeways, urban transit, inland waterways, and renewable energy. Its operations are structured into four key divisions: consultancy, leasing of railway rolling stock and equipment, exporting rolling stock and associated parts, and executing turnkey construction projects. The company's extensive service portfolio includes initial surveys, feasibility analyses, detailed design and engineering, technical auditing, third-party inspection, quality assurance, and construction oversight. Furthermore, RITES manages project consultancy, facilitates the leasing and export of locomotives and other rolling stock, and develops as well as maintains critical operational facilities like smart yards and depots for both passenger and freight services. Beyond advisory roles, RITES undertakes significant construction endeavors, encompassing railway workshops, expanding track capacity (doubling, tripling, quadrupling), laying new lines, railway electrification, and modernizing railway stations. It also builds institutional structures, executes general civil construction works, and delivers turnkey projects for wind, solar, and various other renewable energy initiatives, including generating power from its own wind and solar facilities. Specialized offerings extend to engineering solutions for road and railway tunnels, urban development, electrical systems, information technology, and privatization/concession projects. Expertise also covers railway electrification, rolling stock design, railway equipment sourcing, signaling and telecommunications, comprehensive surveys, and professional training programs. Serving a diverse clientele, RITES partners with central and state governments, public sector organizations, major corporations, and private entities across India, Asia, and Africa.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR223.20 +1.05 (+0.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.26
Float Shares
133.81M
Free Float %
27.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.81% -1.29% -7.62% -5.46% -14.68% -16.71% -27.59% +7.98% +65.26% +137.04% +137.04%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
223.20
DCF (Unlevered) 219.56 -1.6%
DCF (Levered) 225.20 +0.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.98
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +8.9% Q1'26: +24.8% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +6.6% Q1'26: -2.2% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +7.4% Q1'26: +0.5% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +20.2% Q1'26: +19.7% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    Q1'26: -312.7% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    0.01× Q1'26: 0.01× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 100% × Ke + 0% × Kd (57.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 219.56 Current price: 223.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
4 EPS Ana.
Mar 2027
3 Rev. Ana.
3 EPS Ana.
Mar 2028
4 Rev. Ana.
4 EPS Ana.
Mar 2029
3 Rev. Ana.
2 EPS Ana.
Revenue
20.55B
est: 18.67B (+10.1%)
24.84B
est: 24.79B (+0.2%)
19.05B
est: 22.03B (-13.5%)
26.62B
est: 26.11B (+2.0%)
26.28B
est: 25.82B (+1.8%)
24.53B
est: 23.94B (+2.4%)
22.18B
est: 22.35B (-0.8%)
23.94B
23.45B – 24.66B
+7.1% YoY
28.73B
27.68B – 29.34B
+20.0% YoY
34.02B
31.76B – 38.19B
+18.4% YoY
45.05B
43.41B – 48.50B
+32.4% YoY
EBITDA
6.01B
est: 4.95B (+21.3%)
6.68B
est: 6.58B (+1.5%)
5.44B
est: 10.74B (-49.3%)
7.19B
est: 12.30B (-41.6%)
7.39B
est: 13.31B (-44.4%)
6.38B
est: 6.08B (+4.9%)
5.09B
est: 5.72B (-11.0%)
6.08B
5.96B – 6.27B
+6.4% YoY
7.30B
7.03B – 7.46B
+20.0% YoY
8.64B
8.07B – 9.70B
+18.4% YoY
11.44B
11.03B – 12.32B
+32.4% YoY
EBIT
5.63B
est: 4.51B (+24.8%)
6.24B
est: 5.99B (+4.1%)
4.98B
est: 6.06B (-17.8%)
6.58B
est: 6.94B (-5.1%)
6.78B
est: 7.50B (-9.6%)
5.83B
est: 5.51B (+6.0%)
4.53B
est: 5.17B (-12.5%)
5.51B
5.39B – 5.67B
+6.4% YoY
6.61B
6.37B – 6.75B
+20.0% YoY
7.82B
7.30B – 8.78B
+18.4% YoY
10.36B
9.98B – 11.15B
+32.4% YoY
Net Income
4.70B
est: 4.23B (+10.9%)
6.16B
est: 5.67B (+8.6%)
4.32B
est: 6.08B (-28.9%)
5.16B
est: 6.97B (-25.9%)
5.42B
est: 7.53B (-28.1%)
4.55B
est: 4.26B (+6.8%)
3.85B
est: 4.18B (-8.0%)
4.10B
4.07B – 5.01B
-1.9% YoY
4.51B
4.37B – 4.70B
+10.0% YoY
5.38B
5.02B – 5.71B
+19.1% YoY
6.77B
6.45B – 7.45B
+26.0% YoY
SGA
678.30M
est: 488.65M (+38.8%)
620.40M
est: 648.97M (-4.4%)
427.10M
est: 6.42B (-93.3%)
535.80M
est: 7.36B (-92.7%)
684.70M
est: 7.95B (-91.4%)
757.80M
est: 836.30M (-9.4%)
696.10M
est: 786.01M (-11.4%)
836.29M
819.16M – 861.41M
+6.4% YoY
1.00B
966.94M – 1.02B
+20.0% YoY
1.19B
1.11B – 1.33B
+18.4% YoY
1.57B
1.52B – 1.69B
+32.4% YoY
EPS
9.39
est: 8.81 (+6.6%)
12.32
est: 11.80 (+4.4%)
8.77
est: 10.00 (-12.3%)
10.74
est: 10.45 (+2.8%)
11.28
est: 11.22 (+0.5%)
9.48
est: 8.88 (+6.8%)
8.01
est: 8.48 (-5.5%)
9.25
8.47 – 10.43
+9.1% YoY
9.54
9.09 – 9.79
+3.1% YoY
11.11
10.46 – 11.89
+16.5% YoY
14.10
13.43 – 15.50
+26.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-27 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-26 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-25 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-22 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-21 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-20 A 4/5 4/5 4/5 5/5 4/5 3/5 2/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-291.73M
OE per share TTM
-0.61
Owner's Yield
-0.30%
Maintenance CapEx ratio
32.65%
Maint CapEx / Avg PPE
27.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 32.6K 0.48%
2 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 73.4K 0.26%
3 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 5.8K 0.22%
4 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 17.5K 0.22%
5 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 9.4K 0.22%
6 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 4.2K 0.22%
7 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 479.98 0.22%
8 Vanguard Retirement Income ETF Portfolio VRIF.TO 0.00% 157.69 0.31%
9 Vanguard Conservative Income ETF Portfolio VCIP.TO 0.00% 75.10 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.70M
Shares Outstanding
480.60M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rahul Mithal Chairman, MD & Chief Executive Officer 11M male
Deepak Tripathi Director of Technical & Director 7M
Krishna Gopal Agarwal Director, Director of Finance & Chief Financial Officer 7M male
Mohanty Chief People Officer male
Navneet Kumar Regional Head of North Region Project Office male
Nikhil Agarwal Company Secretary, Compliance Officer & Joint GM of Finance male
Pankaj Chaudhary Additional Vertical Head of Buildings, Ports & Airports male
Rajesh Kumar Country Head of Botswana
Rakesh Kumar Gupta Chief Strategy Officer & COO of Rites Expocon male
Sandeep Jain Vertical Head of Technical Service male
Anil Prakash Regional Head of East Coast Region Project Office, Bhubaneswar male
Subhra Jyoti Mandal Regional Head of ECRPO - Bhubaneswar male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits