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 ₹708.75
Source: S&P Global Market Intelligence
Rites Ltd Share analysis
Rites Ltd price forecast by 4 analysts
Upside of7.09%
High
₹807
Target
₹708.75
Low
₹638
Rites Ltd target price ₹708.75, a slight upside of 7.09% compared to current price of ₹661.85. According to 4 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Rites Ltd revenue growth forecast
Expected growth rate Q1, FY2026:26.71%
Forecast
Actual
Including amortisation and stock based compensations
Rites Ltd EPS growth forecast
EPS estimate Q1, FY2026:26.91%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹657.1₹679.8552 Week's Low
52 Week's High
₹432.3₹825.95
| Returns % | |
| 1 Month Return | -5.06 % |
| 3 Month Return | + 1.7 % |
| 1 Year Return | + 29.84 % |
| Market Stats | |
| Previous Close | ₹664.50 |
| Open | ₹667.80 |
| Volume | 14.82L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹15,968.06Cr |
Key Statistics
| P/E Ratio | 37.29 |
| PEG Ratio | -10.44 |
| Market Cap | ₹15,968.06 Cr |
| P/B Ratio | 6.37 |
| EPS | 20.61 |
| Dividend Yield | 2.71 |
| Sector | Miscellaneous |
| ROE | 18.13 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹15,968.06 Cr | 37.13% | 0.54 | ₹495 Cr | ₹2,452 Cr | |
| ₹32,832.00 Cr | 75.31% | 0.56 | ₹278 Cr | ₹8,754 Cr | ||
| BUY | ₹30,100.91 Cr | 113.82% | 0.65 | ₹401 Cr | ₹4,896 Cr | |
| ₹1,21,316.89 Cr | 435.64% | 0.76 | ₹1,420 Cr | ₹20,281 Cr | ||
| BUY | ₹16,896.84 Cr | 4.88% | 0.58 | -₹211 Cr | ₹3,035 Cr |
Mutual Fund Holdings
Company Information
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: ₹661.85 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹15,968.06Cr as of today
Revenue: ₹485.76Cr as on June 2024 (Q2 24)
Net Profit: ₹90.44Cr as on June 2024 (Q2 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 Wins ₹60 Crore Bid for Infrastructure Project - 06 Sep, 2024
RITES Limited has emerged as the lowest bidder for a ₹60.03 crore consultancy contract from UP State Bridge Corporation, focusing on infrastructure development. Shares remained flat following the announcement, reflecting market stability despite recent profit declines.
RITES Announces Bonus Shares and MoU with NBCC - 05 Sep, 2024
RITES Ltd has signed an MoU with NBCC for global project collaboration, while also announcing a 1:1 bonus share and 50% dividend. The stock saw significant trading volume and price increase.
RITES Ltd Partners with NBCC for Global Projects - 04 Sep, 2024
RITES Ltd has entered a Memorandum of Understanding with NBCC (India) Ltd to collaborate on securing global projects, enhancing infrastructure development across various sectors. Despite the announcement, RITES shares experienced a slight decline.
RITES Faces Tax Demand Amid Share Rally - 02 Sep, 2024
RITES shares surged nearly 3% after the company emerged as the lowest bidder for a $26.74 million project in Tanzania. However, it also received a ₹38.3 crore tax demand from Gujarat authorities, which the company states will not impact its operations.
FII Stake Declines While Retail Stake Increases in RITES - 14 Aug, 2024
In the June quarter, RITES saw a decrease in FII stake from 4.17% to 3.50%, while retail stake rose by 144 basis points to 9.72%. Retail investors now hold a larger share than both MFs and FIIs combined, which own 6.82%.
RITES Announces Dividend and MoU with HUDCO - 08 Aug, 2024
RITES Limited declared a 25% interim dividend of Rs 2.50 per share, trading ex-dividend today. The company also signed an MoU with HUDCO for consultancy services.
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 IMPACTBest in 3 Years
In the last 3 years, RITES has outperformed top 5 stocks with highest market-cap in Business Support Services
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 12.52% to 13.51% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 72.20% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Firstsource Solutions Ltd has given 89.4% return, outperforming this stock by 59.6%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 4.18% to 3.50% in Jun 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 3.38% to 3.32% in Jun 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 6 months, RITES stock has moved down by -10.3%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 701.66 Cr → 510.42 Cr (in ₹), with an average decrease of 14.2% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 126.1 Cr → 79.02 Cr (in ₹), with an average decrease of 37.3% per quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 72.2% | 0.00 | |
| Foreign Institutions | 3.5% | ||
| Mutual Funds | 3.32% | ||
| Retail Investors | 13.51% | 7.87 | |
| Others | 7.47% |
Key Indicators
Rites Ltd Valuation
Rites Ltd in the last 5 years
Lowest (9.02x)
March 23, 2020
Industry (34.63x)
September 6, 2024
Today (37.29x)
September 6, 2024
Highest (43.71x)
July 8, 2024
Earnings and Dividends
Rites Ltd Earnings Results
Rites Ltd’s net profit fell -26.84% since last year same period to ₹79.02Cr in the Q1 2024-2025. On a quarterly growth basis, Rites Ltd has generated -37.34% fall in its net profits since last 3-months.
Read More about Earnings ResultsRites Ltd Dividends July,2024
In the quarter ending June 2024, Rites Ltd has declared dividend of ₹2.50 - translating a dividend yield of 1.78%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Rites Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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Rites Ltd (RITES) share price today is ₹661.85
Rites Ltd is listed on NSE
Rites Ltd is listed on BSE
- Today’s highest price of Rites Ltd is ₹679.85.
- Today’s lowest price of Rites Ltd is ₹657.1.
PE Ratio of Rites Ltd is 37.29
PE ratio = Rites Ltd Market price per share / Rites Ltd Earnings per share
Today’s traded volume of Rites Ltd(RITES) is 14.82L.
Today’s market capitalisation of Rites Ltd(RITES) is ₹15968.06Cr.
| Rites Ltd(RITES | Price |
|---|---|
52 Week High | ₹825.95 |
52 Week Low | ₹432.3 |
Rites Ltd(RITES) share price is ₹661.85. It is down -19.87% from its 52 Week High price of ₹825.95
Rites Ltd(RITES) share price is ₹661.85. It is up 53.10% from its 52 Week Low price of ₹432.3
| Rites Ltd(RITES | Returns |
|---|---|
1 Day Returns | -2.65% |
1 Month Returns | -5.06% |
3 Month Returns | 1.7% |
1 Year Returns | 29.84% |