RITES

RITES Limited

Navratna transport consultancy and engineering PSU, active in over 55 countries

Industrials›Construction›Construction›Civil Construction

rites.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹209.79
Market cap
10,108 Cr
Stock P/E
24.2
P/B
3.77
Dividend yield
4.1%
ROE (FY26)
14.7%
ROCE (FY26)
21.9%
Operating margin (FY26)
20.2%
OCF / EBITDA (FY26)
30.0%
OCF / EBITDA (3Y)
53.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

RITES is an Indian transport-infrastructure consultancy and engineering company that earns fees advising railways, metros, highways and other public infrastructure clients, and also leases locomotives, executes turnkey projects and exports rolling stock.

Company snapshot

9thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 51.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Consultancy - Domestic
51.8%
830 Cr323 Cr—
Consultancy -Abroad
3.0%
48 Cr14 Cr—
Export Sale
0.5%
8 Cr3 Cr—
Leasing -Domestic
6.8%
109 Cr39 Cr—
Power Generation
0.7%
12 Cr0.56 Cr—
Turnkey Construction Projects - Domestic
37.1%
595 Cr7 Cr—

What we see

Positives
  • ✓Net margin of 18.8% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales582 Cr683 Cr643 Cr486 Cr541 Cr576 Cr615 Cr490 Cr549 Cr609 Cr768 Cr532 Cr
Operating expenses (approx.)445 Cr514 Cr465 Cr380 Cr435 Cr458 Cr430 Cr376 Cr419 Cr466 Cr600 Cr418 Cr
EBITDA138 Cr169 Cr178 Cr106 Cr106 Cr117 Cr186 Cr114 Cr130 Cr142 Cr168 Cr115 Cr
OPM %23.7%24.7%27.7%21.8%19.6%20.4%30.2%23.3%23.6%23.4%21.9%21.5%
Other income26 Cr17 Cr24 Cr22 Cr21 Cr38 Cr24 Cr22 Cr30 Cr26 Cr31 Cr28 Cr
Interest1 Cr2 Cr0.48 Cr1 Cr2 Cr1 Cr1 Cr1 Cr0.76 Cr0.72 Cr0.90 Cr0.83 Cr
Depreciation14 Cr15 Cr16 Cr14 Cr15 Cr16 Cr17 Cr15 Cr17 Cr17 Cr17 Cr17 Cr
Profit before tax150 Cr171 Cr187 Cr115 Cr112 Cr144 Cr195 Cr122 Cr146 Cr154 Cr186 Cr131 Cr
Tax %26.7%24.6%26.8%21.3%25.6%24.0%27.4%25.2%25.5%25.3%25.0%25.1%
Net profit110 Cr129 Cr137 Cr90 Cr84 Cr109 Cr141 Cr91 Cr109 Cr115 Cr139 Cr98 Cr
EPS (₹)₹4.21₹5.00₹5.25₹3.29₹1.52₹2.08₹2.76₹1.67₹2.04₹2.12₹2.70₹1.81

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,503 Cr2,047 Cr2,474 Cr1,860 Cr2,662 Cr2,628 Cr2,453 Cr2,218 Cr2,415 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,093 Cr1,472 Cr1,814 Cr1,356 Cr1,938 Cr1,803 Cr1,803 Cr1,703 Cr1,861 CrSign in free for the trailing twelve months
EBITDA410 Cr576 Cr661 Cr504 Cr724 Cr825 Cr650 Cr515 Cr554 CrSign in free for the trailing twelve months
OPM %27.3%28.1%26.7%27.1%27.2%31.4%26.5%23.2%22.9%Sign in free for the trailing twelve months
Other income164 Cr192 Cr260 Cr145 Cr83 Cr102 Cr86 Cr106 Cr109 CrSign in free for the trailing twelve months
Interest7 Cr7 Cr7 Cr6 Cr7 Cr7 Cr5 Cr6 Cr4 CrSign in free for the trailing twelve months
Depreciation36 Cr38 Cr47 Cr52 Cr66 Cr146 Cr61 Cr62 Cr66 CrSign in free for the trailing twelve months
Profit before tax529 Cr730 Cr874 Cr593 Cr735 Cr774 Cr670 Cr565 Cr608 CrSign in free for the trailing twelve months
Tax %31.3%32.9%27.6%25.0%26.7%26.2%26.1%25.0%25.2%Sign in free for the trailing twelve months
Net profit363 Cr490 Cr633 Cr444 Cr539 Cr571 Cr495 Cr424 Cr454 CrSign in free for the trailing twelve months
EPS (₹)₹17.42₹23.48₹24.64₹17.54₹21.49₹22.56₹18.95₹8.01₹8.54Sign in free for the trailing twelve months
Dividend payout %———82.5%78.1%79.2%100.9%93.8%91.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital200 Cr200 Cr250 Cr240 Cr240 Cr240 Cr240 Cr481 Cr481 Cr
Reserves2,006 Cr2,222 Cr2,383 Cr2,152 Cr2,248 Cr2,363 Cr2,369 Cr2,160 Cr2,201 Cr
Borrowings48 Cr40 Cr33 Cr29 Cr25 Cr————
Other liabilities2,854 Cr2,898 Cr3,155 Cr3,324 Cr3,203 Cr3,253 Cr2,941 Cr3,370 Cr3,132 Cr
Total liabilities5,165 Cr5,431 Cr5,903 Cr5,833 Cr5,822 Cr5,972 Cr5,661 Cr6,119 Cr5,926 Cr
Fixed assets (net)400 Cr477 Cr586 Cr580 Cr557 Cr527 Cr507 Cr569 Cr576 Cr
CWIP0.38 Cr2 Cr4 Cr15 Cr58 Cr101 Cr174 Cr48 Cr88 Cr
Investments134 Cr142 Cr261 Cr289 Cr205 Cr130 Cr109 Cr405 Cr387 Cr
Loans & advances4 Cr13 Cr18 Cr21 Cr3 Cr5 Cr5 Cr5 Cr5 Cr
Inventories9 Cr105 Cr11 Cr286 Cr119 Cr31 Cr5 Cr78 Cr35 Cr
Trade receivables468 Cr610 Cr844 Cr584 Cr740 Cr907 Cr900 Cr740 Cr931 Cr
Cash & bank738 Cr661 Cr881 Cr814 Cr809 Cr1,048 Cr661 Cr688 Cr557 Cr
Other assets3,411 Cr3,422 Cr3,298 Cr3,243 Cr3,331 Cr3,224 Cr3,301 Cr3,586 Cr3,347 Cr
Total assets5,165 Cr5,431 Cr5,903 Cr5,833 Cr5,822 Cr5,972 Cr5,661 Cr6,119 Cr5,926 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity410 Cr159 Cr319 Cr516 Cr310 Cr735 Cr106 Cr651 Cr166 Cr
Cash from investing-459 Cr141 Cr37 Cr183 Cr53 Cr-15 Cr11 Cr-219 Cr126 Cr
Cash from financing-217 Cr-278 Cr-420 Cr-708 Cr-440 Cr-483 Cr-504 Cr-405 Cr-423 Cr
Net cash flow-261 Cr24 Cr-52 Cr2 Cr-69 Cr239 Cr-387 Cr27 Cr-131 Cr
Free cash flow (OCF − Capex)348 Cr7 Cr207 Cr436 Cr168 Cr599 Cr-32 Cr519 Cr104 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.2%29.1%32.1%23.9%28.3%28.7%24.8%20.8%21.9%
ROE %15.4%19.6%23.3%17.4%19.9%19.9%16.7%14.0%14.7%
Debtor days113108124114101126134121140
Inventory days2192561641135
Days payable193520462542336048
Cash conversion cycle979210612493881027497
OCF / EBITDA %100.0%27.6%48.3%102.3%42.8%89.1%16.3%126.5%30.0%
OCF / EBITDA % (3 years)——53.9%57.1%60.6%76.0%52.3%75.0%53.7%
Debt / equity0.020.020.010.010.0099————
Current ratio1.641.681.731.551.551.641.651.531.67
Net debt / EBITDA-1.68-1.08-1.28-1.56-1.08-1.27-1.02-1.34-1.01