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RITES - RITES Share Price

₹276.9 -3.3  -1.2%

Last Trade - 20/09/21

Sector
Industrials
Size
Mid Cap
Market Cap £657.5m
Enterprise Value £308.0m
Revenue £185.7m
Position in Universe 412th / 3148
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +0.071%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -8.61%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2016 2017 2018 2019 2020 2021 2022E 2023E CAGR / Avg
11,025 13,515 14,975 20,475 24,744 18,595 26,867 30,795 +11.0%
+11.8 -51.5 +21.9 +20.4 +31.5 -28.7 +32.7 +10.00
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 30 June 2021, RITES Ltd.revenues increased 6% to RS3.55B. Net income increased 15%to RS719.9M. Revenues reflect Consultancy - Domesticsegment increase of 8% to RS1.98B, Consultancy - Abroadsegment increase from RS91.7M to RS209.2M. Net incomebenefited from Other Expenses decrease of 45% to RS151.4M(expense), Finance Cost decrease of 45% to RS8.5M(expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for RITES
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
RITES EPS Forecasts Unlock RITES Revenue
Profile Summary

Rites Limited is an India-based engineering and consultancy company. The Company offers transport infrastructure consultancy, engineering and project management services. It provides its services through five operational segments that include Consultancy Services, Turnkey Construction Projects, Export of rolling stock, equipments and spares, Leasing of railway rolling stock and equipments, and Power generation. The Company provides consultancy in transport infrastructure; leasing, exports, maintenance and rehabilitation of rolling stock, railway equipment and modernization of railway workshops, and rehabilitation, operation and maintenance of railway systems. It is also engaged in the business of generating power from windmills and solar energy plants; power trading; manufacturing and rehabilitation of wagons, and carrying out civil construction work. It also provides project management consultancy, inspection, quality assurance services.

Directors
Last Annual March 31st, 2021
Last Interim June 30th, 2021
Incorporated April 26, 1974
Public Since July 2, 2018
No. of Shareholders: 114,589
No. of Employees: 2,970
Sector Industrials
Industry Professional & Commercial Services
Index
Exchange National Stock Exchange of India
Shares in Issue 240,301,887
Free Float (0.0%)
Eligible for
ISAs
SIPPs
RITES Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for RITES
Upcoming Events for RITES
Monday 8th November, 2021 Estimate
Q2 2022 RITES Ltd Earnings Release
Tuesday 8th February, 2022 Estimate
Q3 2022 RITES Ltd Earnings Release
Frequently Asked Questions for RITES
What is the RITES share price?

As of 20/09/21, shares in RITES are trading at ₹276.9, giving the company a market capitalisation of £657.5m. This share price information is delayed by 15 minutes.

How has the RITES share price performed this year?

Shares in RITES are currently trading at ₹276.9 and the price has moved by 8.42% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the RITES price has moved by -31.03% over the past year.

What are the analyst and broker recommendations for RITES?

There are no analysts currently covering RITES.

When will RITES next release its financial results?

RITES is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-06-30
What is the RITES dividend yield?

The RITES dividend yield is 4.69% based on the trailing twelve month period.

Does RITES pay a dividend?

Last year, RITES paid a total dividend of 13, and it currently has a trailing dividend yield of 4.69%. Looking ahead, shares in RITES are due to go ex-dividend on 2021-09-20.

When does RITES next pay dividends?

RITES are due to go ex-dividend on 2021-09-20. The historic dividend yield on RITES shares is currently 4.69%.

How do I buy RITES shares?

To buy shares in RITES you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of RITES?

Shares in RITES are currently trading at ₹276.9, giving the company a market capitalisation of £657.5m.

Where are RITES shares listed? Where are RITES shares listed?

Here are the trading details for RITES:

Country of listing: India
Exchange: NSI
Ticker Symbol: RITES
What kind of share is RITES?

Based on an overall assessment of its quality, value and momentum, RITES is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a RITES share price forecast 2021?

Shares in RITES are currently priced at ₹276.9. At that level they are trading at 11.45% discount to the analyst consensus target price of 0.00.

Analysts covering RITES currently have a consensus Earnings Per Share (EPS) forecast of 24 for the next financial year.

How can I tell whether the RITES share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like RITES. Over the past six months, the relative strength of its shares against the market has been -6.07%. At the current price of ₹276.9, shares in RITES are trading at 6.19% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the RITES PE Ratio?

The RITES PE ratio based on its reported earnings over the past 12 months is 15.31. The shares are currently trading at ₹276.9.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of RITES?

RITES's management team is headed by:

Sumit Sinha - EDR
Arbind Kumar - EDR
Radhika Lokesh - DRC
A. Arora - OTH
Jeevan Gupta - OTH
R. Bartarya - OTH
M. Chaudhary - OTH
Gopi Varadarajan - EDR
Anil Goel - IND
Anil Vij - EDR
Bibhu Nayak - CFO
Vinay Srivastava - NED
Joshit Sikidar - CCO
Rajendra Goyal - IND
Geethakumary .. - IND
Who are the major shareholders of RITES?

Here are the top five shareholders of RITES based on the size of their shareholding:

Government of India Government Agency
Percentage owned: 72.2% (173.5m shares)
Life Insurance Corporation of India Insurance Company
Percentage owned: 8.15% (19.6m shares)
HDFC Asset Management Co., Ltd. Investment Advisor
Percentage owned: 3.71% (8.91m shares)
Nippon Life India Asset Management Limited Investment Advisor
Percentage owned: 2.47% (5.94m shares)
HDFC Mid Cap Opportunities Fund Mutual Fund
Percentage owned: 2.32% (5.57m shares)
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