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Prices as of 8 Oct 2026 close · Not investment advice

RITES Limited

NSE: RITESCivil Construction

Share price

₹195.85

-2.44% close of 8 Oct 2026

Market cap ₹9,420 CrP/E 22.6

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹9,420 Cr

P/E ratio

22.6

P/B ratio

3.5

ROCE

23.0%

ROE

15.4%

Dividend yield

4.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹254.5252-week low ₹175.63

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 11.3% over the past year, and 4.4% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 27.8% to 22.6% over the last four years.

Whether it grew faster than its sector

It grew 4.4% a year against a sector median of 9.1% — 4.8 percentage points slower.

Room to re-rate, or risk of de-rating

At 22.6× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 5 companies. It is against its own five-year median of 24.1×, the 45th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
RITES Limited — this one-9%/yr22.6×—
Larsen & Toubro17%/yr28.3×₹1.7
Rail Vikas Nigam Limited-13%/yr43.4×—
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 19 of 89 on returns, 57 of 84 on growth, 13 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 23% on capital, ahead of 79% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2266 crore of cash from the business, spent ₹608 crore on plant and equipment, and returned ₹2192 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 85 arrived as cash. Its cash comes back more slowly than it used to: it went from being paid 234 days before it paid its own suppliers to paid 173 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Sales up 9% with profit margin at 18%, but no export revenue landed in the quarter

Announced 4 Aug 2026 · Consolidated · Audited

Revenue

₹532 Cr

Revenue vs last year

+8.7%

Revenue vs last quarter

-30.7%

Net profit

₹98 Cr

Profit vs last year

+7.5%

Profit vs last quarter

-29.7%

Net margin

18.4%

EPS

₹1.81

Earnings call transcript · 5 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹9,420 Cr
Prev close
₹195.85
52w High
₹260
52w Low
₹175
Enterprise value
₹6,481 Cr
Beta
1.3
Price CAGR 1y
-21.0%
Price CAGR 3y
-5.0%
Price CAGR 5y
7.0%
Price CAGR 10y
—

Ratios

Return on assets
7.7%
PEG ratio
-2.5
P/E ratio
22.6
P/B ratio
3.5
EV / EBITDA
11.7
Industry P/E
15.6
ROCE
23.0%
ROCE 5y average
25.8%
ROE
15.4%
Debt / Equity
0.0
Interest coverage
19.4
Dividend yield
4.0%
ROE 3y average
16.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹2,415 Cr
Annual profit
₹454 Cr
Operating margin
24.0%
Net profit margin
18.8%
EBITDA margin
24.1%
Sales growth 3y
-2.8%
Sales growth 5y
4.9%
Profit growth 3y
-9.0%
Profit growth 5y
-1.0%
EPS
₹8.5
Sales growth TTM
11.0%
Profit growth TTM
8.0%
Dividend payout
85.0%

Quarter P&L

Sales latest quarter
₹532 Cr
Profit latest quarter
₹98 Cr
YoY quarterly sales growth
8.7%
YoY quarterly profit growth
7.7%
OPM latest quarter
21.5%

Balance Sheet

Book Value
₹55.8
Face Value
₹10.0
Total debt
₹7 Cr
Total cash
₹2,946 Cr
Borrowings
₹7 Cr
Reserves / Equity
4.6

Cash Flow

Operating cash flow
₹327 Cr
Free cash flow
₹266 Cr
FCF yield
2.5%
Net cash flow
-₹131 Cr

Shareholding

Promoter holding
72.2%
FII holding
3.4%
DII holding
8.7%
Public holding
15.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,640.0028.45,00,8261.044,988.014.067,941.76.714.6
Rail Vikas189.2543.939,4590.87159.518.54,321.210.610.8
Kalpataru Proj.1,427.4021.924,3760.75311.545.16,408.03.818.3
IRB Infra.Devl.17.4521.421,0760.88306.351.32,137.31.87.5
NBCC74.8729.520,2151.30158.017.22,259.5-5.529.3
Cemindia Project1,163.4533.319,9870.24140.82.62,720.95.632.8
Engineers India284.3020.415,9791.82157.9141.5819.8-5.830.4
Rites196.1522.59,4274.0397.88.9532.28.723.1
Median127.0815.96490.0010.718.2175.411.515.6

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales544582683643486541576602490549609768532
Expenses383445514467380435458417376419466600418
Material Cost000000
Change in Inventories-52-2316-2878-28
Purchases of Stock-in-Trade000000
Employee Cost127126127131137136
Other Expenses355272276364385310
Operating Profit161138169176106106117186114130142168115
OPM %30242527222020312324232222
Other Income18281927252244272435303533
Exceptional items (within Other Income)000000
Interest1120121111111
Depreciation16141516141516171517171617
Profit before tax163150171187115111144195122146154186131
Tax %26272527212624272525252525
Net Profit12011012913790821091419110911513998
EPS in Rs2.252.102.502.621.641.522.082.761.672.042.122.701.81
Diluted EPS in Rs2.761.672.042.122.701.81

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0131,2181,3511,4972,0472,4741,9052,6622,6282,4532,1962,4152,458
Expenses6648711,0051,0711,4691,8111,3531,9331,8691,7921,6531,8321,903
Material Cost00
Change in Inventories-7143
Purchases of Stock-in-Trade00
Employee Cost503522
Other Expenses1,2701,296
Operating Profit348347347427578663552729759661543583555
OPM %34292628282729272927252423
Other Income1472082101542002681018410392118123132
Exceptional items (within Other Income)00
Interest2114251010913212134333
Depreciation26373836384752666761626667
Profit before tax468518505519730874593735774670565608617
Tax %333433313328252726262525
Net Profit312340337357490633444539571495424454461
EPS in Rs12146.576.859.3912911119.488.018.548.67
Diluted EPS in Rs8.018.54
Dividend Payout %204046325465727991959485

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
7%
5 years
5%
3 years
-3%
TTM
11%

Compounded profit growth

10 years
2%
5 years
-1%
3 years
-9%
TTM
8%

Stock price CAGR

10 years
—
5 years
7%
3 years
-5%
1 year
-21%

Return on equity

10 years
18%
5 years
18%
3 years
16%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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
Minority Interest109113
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 Assets3,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1195,926

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %302821243033232930252223

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters727272727272727272727272
FIIs3.983.224.173.503.203.343.333.473.513.463.473.43
DIIs131211119.638.838.668.648.668.638.708.74
Public111213141516161616161616
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

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -22.3% (₹252.16 → ₹195.85)Brick size ₹6.48 (fixed)Bricks 40
₹180₹220₹240₹196Nov '25Jan '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹195.85 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-2,939inr_cr

2026-03-31

order book, Rs crore

9,445inr_cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.05cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,28,93,711inr

2026-03-31

News

News and filings about RITES Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Construction materials and services for turnkey EPC projects
  • High-speed diesel / fuel for leased locomotive fleet (90+ locomotives)
  • Rolling stock (locomotives, coaches, wagons) procured for export contracts

Depends on the price of

  • cement
  • steel

Buys from

Sells to

  • Bangladesh Railways · broad-gauge passenger coaches
  • CFM Mozambique / Portos e Caminhos de Ferro de Mocambique · 3300 HP Cape Gauge diesel-electric locomotives and incidental rolling-stock services
  • Government of Comoros · buses, ambulances and pickup vans supplied as implementing agency for MEA grant
  • Indian Oil Corporation · third-party inspection, certification and construction supervision for retail outlets and…
  • Indian Railways · quality assurance, inspection, independent safety assessment, design and export arm for ro…
  • JINDAL STEEL LIMITED · third-party inspection and testing of rails
  • Sri Lanka Railways · locomotive, coach and DEMU spares; warranty support; third-party inspection
  • Steel Authority of India · third-party inspection and testing of rails; SAIL-RITES wagon JV partner

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE320J01015

Business segments

  • Consultancy - Domestic · 51%
  • Turnkey Construction Projects · 25%
  • Export Sale · 13%
  • Leasing -Domestic · 7%
  • Consultancy -Abroad · 3%
  • Power Generation · 1%

Plants

  • SAIL-RITES Bengal Wagon Industry Pvt Ltd

News impact

Big market events that reach RITES Limited, and how the effect spreads.

Who it hits first

  • Engineers India, the oil-and-gas engineering consultant, won a $450M+ order from Dangote Group for a Kenya refinery.
  • The win lifts EIL order backlog and fee visibility for several quarters, supporting its shares first.
  • Rival builders gain only mood, not money, since Dangote hired EIL alone.

Who may gain

  • Engineers India shareholders, as a large overseas refinery fee lands in its order backlog.
  • EIL equipment and site-service suppliers, if pipes, cables, and erection work get sourced from India.
  • Indian EPC sentiment broadly, as a $450M Africa win shows export refinery demand is alive.

Along the supply chain

Downstream

Dangote's Kenya refinery, once built, lifts East Africa fuel output and trims import needs, helping regional fuel security rather than any listed Indian fuel seller directly.

Upstream

Makers of boilers, transformers, cables, pipes, and pumps that sell to EIL could see sub-orders as the Kenya refinery is built; those supplier names sit outside the ranked pool with no fundamentals rows here.

Where demand moves

Business

Dangote pays Engineers India for refinery engineering and site management; EIL in turn buys equipment, pipes, and site services, pushing work to its supply chain.

Capital

Investors re-rate Engineers India on backlog growth and lightly bid up close consultancy peers like NBCC and RITES on win sentiment.

How it spreads across sectors

Capital Goods

EPC win sentiment lifts order-book hopes for refinery-adjacent contractors, though only EIL books revenue.

Chemicals

Refinery-linked chemical makers see no direct flow; any lift is broad energy-capex mood only.

Oil, Gas & Consumable Fuels

A new Kenya refinery adds future East Africa fuel supply, neutral for Indian refiners with no stake.

Power

No power-plant link; power names move only if infra sentiment spills over.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

EIL shares react to the $450M+ win headline; peers drift on sentiment within days.

Medium term

EIL books fee revenue as Kenya engineering progresses; suppliers feel sub-orders if EIL sources from India.

Short term

Analysts size the backlog and margin; EIL holds gains if order details confirm, peers fade without own wins.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

18 Sep 2026unspecified₹2.75
10 Aug 2026interim₹1.4
10 Feb 2026interim₹1.9
14 Nov 2025interim₹2
17 Sep 2025unspecified₹2.65
12 Aug 2025interim₹1.3
31 Jan 2025interim₹1.9
14 Nov 2024interim₹1.75

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Bulk & block deals

DateWhoBought / soldSharesPrice
7 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL53,47,602₹237.73
7 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY53,47,602₹237.52
7 Jul 2026QE SECURITIES LLPSELL43,58,013₹236.00
7 Jul 2026QE SECURITIES LLPBUY43,47,541₹237.62
7 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL32,66,363₹237.14
7 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY32,66,363₹237.03
7 Jul 2026JUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDBUY29,53,484₹237.21
7 Jul 2026JUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDSELL29,53,484₹237.44
1 Jul 2026QE SECURITIES LLPBUY45,30,603₹229.68
1 Jul 2026QE SECURITIES LLPSELL45,30,508₹229.22

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.