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    • Rites Share Price

    Mid Cap
    ₹710.85
    -0.75 (-0.11%)
    • Advice
    • Hold
    18 September, 2024 02:37 BSE: 541556 NSE: RITES ISIN: INE320J01015
    Bonus

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    Rites Performance

    Day Range

    • Low 703
    • High 719
    ₹ 710

    52 Week Range

    • Low 432
    • High 826
    ₹ 710
    • Open Price715
    • Previous Close712
    • Volume1260612

    Rites Chart

    • Over 1 Month + 8.45%
    • Over 3 Month + 0.8%
    • Over 6 Month + 14.25%
    • Over 1 Year + 36.64%

    Rites Key Statistics

    P/E Ratio 40.1
    PEG Ratio -2.2
    Market Cap Cr
    Price to Book Ratio 6.3
    EPS 18.9
    Dividend 1.7
    Relative Strength Index 66.35
    Money Flow Index 65.97
    MACD Signal -3
    Average True Range 18.05

    Rites Investment Rating

    • Master Rating:

    • Rites has an operating revenue of Rs. 2,394.26 Cr. on a trailing 12-month basis. An annual revenue de-growth of -7% needs improvement, Pre-tax margin of 27% is great, ROE of 17% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 5% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 13% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 36 which is a POOR score indicating inconsistency in earnings, a RS Rating of 45 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 89 indicates it belongs to a poor industry group of Comml Svcs-Outsourcing and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Rites Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 454606653549504659
    Operating Expenses Qtr Cr 376461509439377489
    Operating Profit Qtr Cr 78145144111126170
    Depreciation Qtr Cr 121313121415
    Interest Qtr Cr 102112
    Tax Qtr Cr 224136323346
    Net Profit Qtr Cr 6512311911796138
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 2,4392,639
    Operating Expenses Annual Cr 1,7861,864
    Operating Profit Annual in Cr 526655
    Depreciation Cr 5159
    Interest Annual Cr 57
    Tax Annual Cr 143178
    Net Profit Annual Cr 454531
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 315471
    Cash from Investing Activity Annual Cr 1064
    Cash from Financing Annual Activity Cr -461-438
    Net Cash Flow Annual Cr -4137
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 2,5072,503
    Fixed Assets Annual Cr 548487
    Total Non Current Assets Annual Cr 1,0381,033
    Total Current Assets Annual Cr 4,3994,720
    Total Assets Annual Cr 5,4375,753
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 104104
    ROE Annual % 1821
    ROCE Annual % 2226
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2831
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 486643683582544687
    Operating Expenses Qtr Cr 380467514445383495
    Operating Profit Qtr Cr 106176169138161192
    Depreciation Qtr Cr 141615141617
    Interest Qtr Cr 102112
    Tax Qtr Cr 255042404352
    Net Profit Qtr Cr 79126120101108139
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 2,5392,730
    Operating Expenses Annual Cr 1,8091,883
    Operating Profit Annual in Cr 644745
    Depreciation Cr 6167
    Interest Annual Cr 57
    Tax Annual Cr 175203
    Net Profit Annual Cr 455542
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 432560
    Cash from Investing Activity Annual Cr 11-15
    Cash from Financing Annual Activity Cr -504-483
    Net Cash Flow Annual Cr -6162
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 2,6092,604
    Fixed Assets Annual Cr 709653
    Total Non Current Assets Annual Cr 1,1511,140
    Total Current Assets Annual Cr 4,5114,832
    Total Assets Annual Cr 5,6615,972
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 113113
    ROE Annual % 1721
    ROCE Annual % 2326
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3032
    Invest in Rites

    Rites Technicals

    EMA & SMA

    Current Price
    ₹710.85
    -0.75 (-0.11%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹678.78
    • 50 Day
    • ₹683.00
    • 100 Day
    • ₹680.88
    • 200 Day
    • ₹645.02
    • 20 Day
    • ₹667.30
    • 50 Day
    • ₹692.28
    • 100 Day
    • ₹691.52
    • 200 Day
    • ₹660.81

    Rites Resistance and Support

    PIVOT
    ₹710.9
    Resistance
    First Resistance 718.95
    Second Resistance 727.05
    Third Resistance 735.10
    RSI 66.35
    MFI 65.97
    MACD Single Line -3.00
    MACD 4.86
    Support
    First Support 702.80
    Second Support 694.75
    Third Supoort 686.65

    Rites Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 1,346,478 53,899,514 40.03
    Week 1,341,785 56,502,558 42.11
    1 Month 1,167,404 47,384,945 40.59
    6 Month 2,254,592 58,709,572 26.04

    Rites Result Highlights

    Rites Synopsis

    NSE-Comml Svcs-Outsourcing

    Rites Ltd. is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs. 2312.00 Cr. and Equity Capital is Rs. 240.30 Cr. for the Year ended 31/03/2024. Rites Ltd. is a Public Limited Listed company incorporated on 26/04/1974 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1974GOI007227 and registration number is 007227.
    Market Cap 17,100
    Sales 2,262
    Shares in Float 6.73
    No of funds 134
    Yield 2.35
    Book Value 6.82
    U/D Vol ratio 1.5
    LTDebt / Equity
    Alpha -0.03
    Beta 1.76

    Rites Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 72.2%72.2%72.2%72.2%
    Mutual Funds 3.32%3.38%4.75%5.24%
    Insurance Companies 7.44%7.61%7.45%7.4%
    Foreign Portfolio Investors 3.5%4.17%3.22%3.98%
    Financial Institutions/ Banks
    Individual Investors 10.78%9.51%9.42%8.36%
    Others 2.76%3.13%2.96%2.82%

    Rites Management

    Name Designation
    Mr. Rahul Mithal Chairman & M.D & CEO
    Mr. Krishna Gopal Agarwal Director - Finance & CFO
    Mr. Arun Kumar Singh Director - Projects
    Dr. Deepak Tripathi Director - Technical
    Mr. Laxman Tammanna Tapashi Independent Director
    Dr. Dineshananda Goswam Independent Director
    Mr. Likha Togu Independent Director
    Dr. Godawari Mishra Independent Director
    Mr. Sandeep Jain Government Nominee Director
    Mr. Shailendra Singh Government Nominee Director

    Rites Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Rites Corporate Action

    Date Purpose Remarks
    2024-07-31 Quarterly Results, Dividend & Bonus issue
    2024-05-28 Audited Results & Final Dividend
    2024-02-01 Quarterly Results & Interim Dividend
    2023-10-31 Quarterly Results & Interim Dividend
    2023-07-28 Quarterly Results & 1st Interim Dividend
    Date Purpose Remarks
    2024-09-20 FINAL Rs.5.00 per share(50%)Final Dividend & Bonus issue
    2024-08-08 INTERIM Rs.2.50 per share (25%) First Interim Dividend
    2024-02-09 INTERIM Rs.4.75 per share(47.5%)Third Interim Dividend
    2023-11-08 INTERIM Rs.4.50 per share(45%)Second Interim Dividend
    2023-08-07 INTERIM Rs.3.75 per share(37.5%)Interim Dividend
    Date Purpose Remarks
    2024-09-20 Bonus Rs.0.00 issue in the ratio of 1:1 of Rs. 10/-.

    Rites MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 95,391
    Nippon India Small Cap Fund - Growth 60,373
    Nippon India Value Fund - Growth 8,752
    Aditya Birla Sun Life PSU Equity Fund Regular Growth 5,946
    HSBC Aggressive Hybrid Fund Growth 5,893

    About Rites

    RITES Limited based in Gurugram, India has been providing consultancy, engineering, and project management services since 1974. The company focuses on four primary sectors Consultancy Services, Leasing of Railway Rolling Stock and Equipment, Export of Rolling Stock and Equipment, and Turnkey Construction Projects. They work on railways, highways, airports, ports, ropeways, urban transport, inland waterways and renewable energy projects. Their services include feasibility studies, detailed design, project management, technical audits, third party inspections, quality assurance and construction supervision. RITES also leases and exports locomotives and rolling stock and maintains operational facilities like smart yards and maintenance depots. They build railway workshops, expand railway tracks, electrify railways, redevelop stations and construct various buildings and renewable energy projects. Additionally, they offer expertise in tunnels, urban engineering, electrical engineering, IT, privatization projects, signaling and telecommunications, and provide training programs. Their clients include central and state governments, public sector organizations, large corporations and private enterprises across India, Asia, and Africa.

    Rites FAQs

    What is Share Price of Rites ?

    Rites share price is ₹710 As on 18 September, 2024 | 02:23

    What is the Market Cap of Rites ?

    The Market Cap of Rites is ₹17081.9 Cr As on 18 September, 2024 | 02:23

    What is the P/E ratio of Rites ?

    The P/E ratio of Rites is 40.1 As on 18 September, 2024 | 02:23

    What is the PB ratio of Rites ?

    The PB ratio of Rites is 6.3 As on 18 September, 2024 | 02:23

    What are the most important metrics that can help to analyze the share price of RITES?

    Revenue growth, profitability ratios, EPS, P/E ratio, dividend yield, book value, debt to equity ratio, free cash flow and market capitalization.

    How to Invest in RITES?

    To buy RITES shares, you'll need a Demat account with a brokerage firm that trades on the NSE and BSE, where the company is listed. You can open a demat account with 5paisa to buy RITES’s shares.

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