Rites Ltd Share Price (RITES)

RITES Ltd Faces Challenges for Dividend Investors - 16 Apr, 2024

RITES Ltd's high payout ratios and unreliable dividend payments over the past six years, coupled with significant share price volatility, present challenges for dividend investors. Despite a 3.1% dividend yield, cash and earnings coverage indicate potential sustainability issues.

Rites Ltd Collaborates with IIT-Madras for Green Energy Projects - 08 Apr, 2024

State-owned transport infrastructure consultancy, Rites Ltd, has signed an MoU with IIT-Madras to collaborate on green energy projects in the field of transport and mobility. The partnership aims to find novel infrastructure solutions for the transportation and storage of green hydrogen and green ammonia.

RITES Ltd's ROCE Better Than Industry Average, But Lacks Growth Opportunities - 02 Apr, 2024

RITES Ltd has a high ROCE of 21%, better than the industry average of 13%. However, its earnings and capital employed have remained mostly flat over the past five years, indicating a lack of growth opportunities. The company pays out 69% of its earnings as dividends to shareholders, suggesting limited reinvestment in the business. Additionally, RITES has a high ratio of current liabilities to total assets of 49%, introducing some risk.

Rites Secures Additional Scope Under Existing Order - 29 Mar, 2024

Rites has secured additional scope under an existing order for Rs 33.25 crore, involving replacement of mechanical signaling at 11 stations and replacement of signaling gears on age cum condition basis with EI at Delhi Kisanganj Station of Delhi Division of Northern Railway. The company's Q3 FY24 consolidated net profit declined 14.24% YoY to Rs 120.14 crore while revenue from operations rose marginally to Rs 682.89 crore. Rites shares settled 0.23% higher at Rs 664.30.

RITES Ltd to Focus on International Consultancy and Export of Rolling Stock - 19 Mar, 2024

RITES Videsh, a strategic initiative of RITES Ltd, will focus on international consultancy and export of rolling stock in markets like Vietnam. The company plans to tap various sectors including metro, airports, and institutional buildings.

RITES Receives Letter of Acceptance Worth Rs. 67.50 Crore - 18 Mar, 2024

Engineering consultancy firm RITES Limited has received a letter of acceptance (LOA) worth Rs. 67.50 crores from The National Small Industries Corporation Limited for the engagement of RITES Limited as a Quality Assurance Agency for the quality inspection of 18 trades of Toolkits under PM Vishwakarma Scheme.