Rites Limited
NSE: RITES · Civil Construction · sector
₹189.38NSE close 2026-10-26
Key numbers
Market cap₹9,102 cr
Price₹189.38
52w high / low₹260 / ₹175
P/E21.9xSector median 12.2x
P/B3.4xSector median 1.3x
Book value₹55.8
Dividend yield4.59%Sector median 0.76%
ROE15.7%Sector median 10.2%
ROCE22.5%Sector median 12.9%
OPM22.6%Sector median 10.7%
Debt / equity0.00xSector median 0.36x
EV/EBITDA11.1xSector median 8.8x
Interest cover188.0x
Current ratio1.67x
Sales growth 3y-2.8%Sector median +6.7%
Profit growth 3y-8.9%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,946 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 188.0x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 28% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹189.38 on 2026-10-26: -27.1% from the 52-week high, +8.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹363.80 · low ₹183.98
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 541 | 576 | 615 | 490 | 549 | 609 | 768 | 532 |
| EBITDA | 107 | 117 | 186 | 114 | 130 | 142 | 168 | 115 |
| OPM % | 19.9% | 20.4% | 30.2% | 23.3% | 23.6% | 23.4% | 21.9% | 21.5% |
| Other income | 21 | 38 | 24 | 22 | 30 | 26 | 31 | 28 |
| Net profit | 73 | 100 | 133 | 80 | 98 | 102 | 130 | 87 |
| EPS (₹) | 1.52 | 2.08 | 2.76 | 1.67 | 2.04 | 2.12 | 2.70 | 1.81 |
| Revenue YoY | +1.5% | +5.7% | +24.8% | +8.7% | ||||
| Profit YoY | +34.6% | +1.9% | -2.1% | +8.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,662 | 2,628 | 2,453 | 2,218 | 2,415 | 2,458 |
| EBITDA | 725 | 825 | 650 | 515 | 554 | 555 |
| Net profit | 516 | 542 | 455 | 385 | 410 | 417 |
| EPS (₹) | 10.74 | 11.28 | 9.47 | 8.01 | 8.54 | 8.67 |
| Revenue growth | -1.3% | -6.7% | -9.6% | +8.9% | +10.6% | |
| Profit growth | +5.0% | -16.0% | -15.5% | +6.6% | +8.2% | |
| Dividend / share (₹) | – | 18.00 | 19.00 | 11.15 | 7.85 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -2.8% | +5.4% | +10.6% |
| Net profit | -8.9% | +103.2% | +8.2% |
| EPS | -8.9% | -0.5% | – |
| Share price | – | -18.9% (2y) | -20.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,604 | 2,609 | 2,640 | 2,681 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 3,474 | 3,141 | 3,395 | 2,946 |
| Total assets | – | 5,972 | 5,661 | 6,119 | 5,926 |
| Fixed assets | – | 527 | 507 | 569 | 576 |
| Capital work in progress | – | 101 | 174 | 48 | 88 |
| Investments | – | 20 | 109 | 0 | 0 |
| Receivables | – | 907 | 900 | 740 | 931 |
| Inventory | – | 31 | 5 | 78 | 35 |
| Payables | – | 302 | 220 | 364 | 320 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 310 | 735 | 106 | 651 | 166 |
| Cash from investing | 53 | -15 | 11 | -219 | 126 |
| Cash from financing | -440 | -483 | -504 | -405 | -424 |
| Capex | 142 | 136 | 137 | 133 | 62 |
| Free cash flow | 168 | 599 | -32 | 519 | 104 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.8% | 17.5% | 14.6% | 15.3% |
| ROCE % | – | 30.0% | 25.9% | 21.2% | 22.3% |
| Debtor days | – | 126 | 134 | 122 | 141 |
| Inventory days | – | 127 | 73 | 13 | 293 |
| Payable days | – | 1,244 | 3,238 | 60 | 2,709 |
| Cash conversion cycle (days) | – | -991 | -3,031 | 75 | -2,275 |
| Working capital days | – | 261 | 264 | 279 | 271 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.20% |
| FIIs | 3.38% |
| DIIs | 9.16% |
| of which Mutual funds | 2.34% |
| of which Insurance | 6.82% |
| Government | 0.00% |
| Public (non-institutions) | 15.26% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.20% | 72.20% | 72.20% | 72.20% | 72.20% | 72.20% | 72.20% | 72.20% |
| Promoter group | % |
|---|---|
| President of India | 72.20% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 5.52% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 1.97% |
3,75,306 shareholders. Pledged: – of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| RITES | ₹9,102 cr | 21.9x | 3.4x | 15.7% | 22.5% | 22.6% | -2.8% | 4.59% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Consultancy - Domestic | ₹1,242 cr | 51.4% | ₹499 cr | 40.2% |
| Turnkey Construction Projects | ₹602 cr | 24.9% | ₹10 cr | 1.6% |
| Export Sale | ₹316 cr | 13.1% | ₹50 cr | 15.9% |
| Leasing -Domestic | ₹172 cr | 7.1% | ₹60 cr | 34.9% |
| Consultancy -Abroad | ₹68 cr | 2.8% | ₹18 cr | 27.3% |
| Power Generation | ₹15 cr | 0.6% | ₹-2 cr | -11.2% |
| Share of Net Profit/(Loss) of Joint Ventures | ₹0 cr | – | ₹14 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Rs 2.75 Per Share |
| 2026-08-10 | Dividend | Interim Dividend - Rs 1.40 Per Share |
| 2026-02-10 | Dividend | Interim Dividend - Rs 1.90 Per Share |
| 2025-11-14 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2025-09-17 | Dividend | Dividend - Rs 2.65 Per Share |
| 2025-08-12 | Dividend | Interim Dividend - Rs 1.30 Per Share |
| 2025-01-31 | Dividend | Interim Dividend - Rs 1.90 Per Share |
| 2024-11-14 | Dividend | Interim Dividend - Rs 1.75 Per Share |
| 2024-09-20 | Dividend | Dividend - Rs 5 Per Share |
| 2024-09-20 | Bonus | Bonus 1:1 |
| 2024-09-05 | Other | Annual General Meeting |
| 2024-08-08 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2024-02-09 | Dividend | Interim Dividend - Rs 4.75 Per Share |
| 2023-11-08 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2023-09-08 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2023-08-07 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2022-11-17 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2022-09-08 | Dividend | Annual General Meeting/Dividend - Rs 3.5 Per Share |
| 2022-08-04 | Dividend | Interim Dividend - Rs 4 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Consultancy and Turnkey: Architectural and engineering activities; technical testing and analysis- Engineering design, studies & consultancy, and project management for transport & infrastructure sector with focus on railways including operation & maintenance of railway assets, urban transport, urban engineering, roads and highways, buildings, ports, land ports, inland waterways, airports, ropeways,logistic park etc.
- Leasing: Rental and leasing activities-Leasing of locomotives and other railway rolling stock
- Exports: Wholesale trade-Export of railway rolling stock i.e. Locomotives, Coaches, Diesel Electric Multiple Units (DEMUs), wagons, spares, etc.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | RITES |
| BSE code | 541556 |
| ISIN | INE320J01015 |
| Face value | ₹10.0 |
| Incorporated | 1974-04-26 |
| Website | www.rites.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.