RITES Ltd.

NSE: RITES · Construction

₹194.72-0.93%06 Nov 2026

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Instant answers about RITES Ltd. — computed from its filings, no language model

Market cap₹9,358 cr

Current price₹194.72

High / Low₹253 / ₹176

P/E23.1

P/B3.52

Book value₹55.3

ROE15.2%

ROCE22.3%

Debt / equity0.00

Dividend yield4.46%

EPS (TTM)₹8.43

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,474	1,860	2,662	2,628	2,453	2,218	2,415
EBITDA	661	504	724	825	650	515	554
Operating margin	26.7%	27.1%	27.2%	31.4%	26.5%	23.2%	22.9%
Interest	7	6	7	7	5	6	4
Depreciation	47	52	66	146	61	62	66
Profit before tax	867	591	735	774	670	553	594
Tax	241	148	197	203	175	141	153
Net profit	633	12	516	542	455	385	410
EPS ₹	24.64	17.54	21.49	22.56	18.95	8.01	8.54
Operating cash flow	—	—	310	735	106	651	166
Capex	—	—	142	136	137	133	62
Dividend paid	—	—	421	452	500	397	418
Total assets	5,935	5,833	5,822	5,972	5,661	6,119	5,926
Equity	2,633	2,392	2,489	2,604	2,609	2,640	2,681

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	538	746	620	571	335	439	449	636	355	755	775	766	605	659	677	687	544	582	683	643	486	541	576	615	490	549	609	768	532	557
Operating profit	131	196	167	164	60	127	128	185	97	216	196	204	179	181	193	191	161	138	169	178	106	106	117	186	114	130	142	168	115	122
Operating margin	24.3%	26.3%	26.9%	28.7%	17.9%	29.0%	28.4%	29.2%	27.3%	28.6%	25.3%	26.7%	29.6%	27.5%	28.5%	27.8%	29.6%	23.7%	24.7%	27.7%	21.8%	19.6%	20.4%	30.2%	23.3%	23.6%	23.4%	21.9%	21.5%	21.9%
Other income	35	142	44	44	44	61	31	14	23	34	16	22	32	25	26	19	18	26	17	24	22	21	38	24	22	30	26	31	28	26
Interest	1	2	2	2	2	1	2	1	1	2	3	2	1	1	2	2	1	1	2	0	1	2	1	1	1	1	1	1	1	1
Depreciation	11	11	12	13	13	13	13	13	13	14	15	24	15	17	19	17	16	14	15	16	14	15	16	17	15	17	17	16	17	17
Profit before tax	153	325	197	192	89	174	144	185	106	234	195	201	195	188	198	191	163	149	169	187	113	111	139	191	119	142	151	182	126	130
Tax	52	89	50	50	25	43	38	42	28	60	51	58	50	48	52	52	43	40	42	50	25	29	35	53	31	37	39	46	33	34
Net profit	98	5	147	144	63	130	102	4	72	169	144	137	138	132	140	132	108	101	0	126	79	73	100	133	80	98	102	130	87	86
EPS ₹	4.90	9.30	5.86	5.56	2.51	5.18	4.16	5.73	3.00	7.03	5.77	5.69	5.72	5.51	5.83	5.49	4.49	4.21	5.00	5.25	3.29	1.52	2.08	2.76	1.67	2.04	2.12	2.70	1.81	1.79
Revenue YoY	—	—	—	—	-37.6%	-41.2%	-27.5%	11.4%	5.7%	72.1%	72.5%	20.5%	70.6%	-12.7%	-12.6%	-10.3%	-10.0%	-11.6%	0.8%	-6.3%	-10.8%	-7.1%	-15.7%	-4.3%	0.8%	1.5%	5.7%	24.8%	8.7%	1.5%
Profit YoY	—	—	—	—	-35.9%	2698.5%	-30.2%	-97.3%	14.7%	30.4%	40.6%	3479.8%	91.0%	-21.6%	-2.6%	-3.5%	-21.5%	-23.6%	-100.0%	-4.5%	-26.8%	-27.8%	—	5.2%	1.4%	34.6%	1.9%	-2.1%	8.9%	-12.2%

Earlier results (standalone, Mar '18 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

RITES Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY19†
Revenue	1,969
Operating profit	513
Operating margin	26.1%
Other income	198
Depreciation	32
Profit before tax	677
Tax	229
Net profit	448

Quarters

	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	549	310	433	511	714
Operating profit	98	70	143	133	167
Operating margin	17.9%	22.6%	32.9%	26.0%	23.4%
Other income	39	60	40	51	48
Interest	—	—	1	0	2
Depreciation	7	8	8	8	8
Profit before tax	130	123	174	176	204
Tax	47	40	57	58	73
Net profit	83	82	117	117	132
EPS ₹	4.14	4.10	5.84	5.87	6.59
Revenue YoY	—	—	—	—	30.1%
Profit YoY	—	—	—	—	59.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	14.9%	13.6%	18.3%	16.7%	12.5%	12.9%	14.5%	16.2%	21.0%	23.6%	21.3%	21.2%	20.8%	19.7%	18.6%	13.2%	12.9%	11.7%	10.8%	14.6%	14.6%	14.6%	15.6%	15.7%	15.3%	15.6%	15.2%
ROCE	32.8%	30.4%	24.7%	22.7%	24.6%	25.3%	27.8%	29.9%	29.6%	33.1%	30.4%	30.5%	29.9%	28.7%	27.4%	26.3%	25.7%	23.8%	22.7%	21.5%	21.2%	21.5%	22.6%	23.1%	22.3%	22.5%	22.3%
Net margin	15.9%	15.8%	24.6%	24.4%	16.1%	16.4%	15.8%	15.4%	19.7%	20.2%	19.6%	20.2%	20.6%	20.0%	19.3%	13.7%	13.7%	12.8%	11.8%	16.8%	17.4%	17.4%	18.4%	18.3%	17.0%	17.0%	16.4%
EBITDA margin	26.6%	25.8%	26.4%	26.7%	26.9%	28.6%	28.5%	27.5%	26.9%	27.4%	27.1%	28.0%	28.3%	28.3%	27.4%	26.4%	26.3%	24.7%	23.8%	22.6%	23.2%	23.6%	24.5%	25.3%	22.9%	22.6%	22.2%
Debt / equity	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	126.24	116.02	99.10	85.57	99.42	115.25	120.51	115.38	102.45	106.43	107.81	118.27	110.75	114.24	103.17	103.52	142.63	128.55	100.45	111.13	96.50	91.81	132.07	144.95	157.26	188.02	172.99
Asset turnover	0.42	0.38	0.33	0.30	0.32	0.32	0.38	0.43	0.46	0.50	0.49	0.47	0.44	0.43	0.43	0.43	0.43	0.42	0.40	0.38	0.36	0.36	0.37	0.37	0.41	0.41	0.42

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	200	200	200	250	240	240	240	240	240	240	481	481	481	481	481
Other equity / reserves	1,838	2,014	2,222	2,383	2,152	2,248	2,342	2,363	2,341	2,369	2,103	2,160	2,153	2,201	2,178
Total equity	2,038	2,214	2,422	2,633	2,392	2,489	2,583	2,604	2,582	2,609	2,583	2,640	2,634	2,681	2,659
Borrowings	76	48	40	33	32	25	0	0	0	0	0	0	0	0	0
Current liabilities	2,413	2,584	2,705	2,908	3,095	3,013	2,831	2,954	2,850	2,737	2,985	3,189	2,869	2,665	2,804
Non-current liabilities	304	315	227	312	258	215	212	299	222	204	254	181	449	467	291
Total assets	4,799	5,170	5,426	5,935	5,833	5,822	5,740	5,972	5,764	5,661	5,932	6,119	6,065	5,926	5,870
Property, plant & equipment	403	400	477	562	558	537	528	527	515	507	691	569	556	576	628
Capital work-in-progress	3	0	2	4	15	58	76	101	130	174	27	48	70	88	5
Investments	313	120	120	232	206	121	219	130	131	109	113	117	103	104	109
Inventories	50	9	105	11	286	119	74	31	31	5	4	78	87	35	68
Receivables	462	468	610	844	584	740	900	907	920	900	847	740	902	931	870
Cash & equivalents	265	145	169	117	119	50	707	1,048	498	661	714	688	649	557	477

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	555	410	164	317	516	310	735	106	651	166
Cash from investing	-58	-459	137	38	184	53	-15	11	-219	126
Cash from financing	-215	-217	-279	-419	-708	-440	-483	-504	-405	-424
Capex	—	—	—	—	—	142	136	137	133	62
Free cash flow	—	—	—	—	—	168	599	-32	519	104
Dividends paid	146	148	215	330	366	421	452	500	397	418

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹628 cr11%

CWIP

₹5 cr0%

Investments

₹109 cr2%

Inventories

₹68 cr1%

Receivables

₹870 cr15%

Cash & equivalents

₹477 cr8%

Other assets

₹3,713 cr63%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.0%

6 months-14.9%

1 year-21.3%

3Y CAGR-4.6%

5Y CAGR+6.2%

10Y CAGR—

50-day avg₹203.78

200-day avg₹211.21

RSI (14)35

Compare RITES Ltd. with

Techno Electric & Engineering Company vs RITES IRCON International vs RITES RITES vs Kec International RITES vs Afcons Infrastructure RITES vs NCC

FAQs

What is the share price of RITES Ltd.?

RITES Ltd. (RITES) closed at ₹194.72 on NSE on 06 Nov 2026.

What is the market cap of RITES Ltd.?

₹9,358 crore at the latest close.

What is the P/E ratio of RITES Ltd.?

23.1, on trailing-twelve-month earnings from its filings.

How fast is RITES Ltd. growing?

RITES Ltd.: revenue has compounded at -2.8% a year over three years; net profit at -8.9% a year. Latest-quarter revenue is up 1.5% year on year, profit down 12.2%.

How profitable is RITES Ltd.?

On a trailing-twelve-month basis return on equity is 15.2%, return on capital employed 22.3%, operating margin 22.2%, net margin 16.4%.

How much debt does RITES Ltd. have?

RITES Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹477 cr (balance sheet of 2026-09-30). Operating profit covers interest 173.0 times.

Financials parsed from RITES Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.