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As of 6 Nov 2026, RITES trades at 23.1× trailing earnings, above the industry P/E of 16.4×, and the shares are 25% below their 52-week high. Sales and net profit fell 2.5% and 8.9% a year over 3 years, with ROCE of 19% and ROE of 16%. It carries very little debt, and its dividend yield is 3.9%. It is a small-cap company with a market cap of ₹9,358 Cr, ranked 11th of 156 Engineering & Construction companies by market cap; the shares fell 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹197.53
Day high
₹197.99
Day low
₹193.54
Prev. close
₹196.55
Volume
7.1 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −20.8% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 23.1 vs industry 16.4.

  • GrowthShrinking

    Sales −2.5%, profit −8.9% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.7% vs peer median 19.9%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 8 of 9.

  • Red flags1 to check

    Quarterly profit down 12.2% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹9,358 Cr, #11 of 156 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,468 Cr · profit ₹405 Cr
Market cap
₹9,358 Cr
Small cap
P/E
23.1
Industry 16.4
Price to book
3.53
Peers 4.92
Dividend yield
3.90%
ROE
16.3%
Peers 17.9%
ROCE
18.7%
Peers 19.9%
Debt to equity
0.00
Debt ₹5.94 Cr
EPS (TTM)
₹8.43
Face value ₹10
OPM (TTM)
22.2%
Net margin 16.4%
Sales growth
+1.5%
Latest quarter vs a year ago
Profit growth
−12.2%
Latest quarter vs a year ago
Price to sales
3.79
EV/EBITDA 15.2

Strengths and risks

Strengths

  • Practically debt-free.
  • Dividend yield of 3.90%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 12.2% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About RITES

RITES Limited, together with its subsidiaries, operates as an engineering consultancy company in the field of railways, highways, airports, ports, ropeways, urban transport, and inland waterways. The company operates through five segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and Spares; Turnkey Construction Projects; and Power Generation. It provides consultancy services, including…

Headquarters
Gurugram
Employees
1,765
Sector
Industrials
ISIN
INE320J01015
Website
rites.com

Price range

52 weeks

₹175.00₹259.70

Today

₹193.54₹197.99
Avg volume (3M)
19.1 L
1-year return
minus 20.8%
From 52-week high
minus 25.0%

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
LTLarsen & Toubro4,117.70plus 1.67%5,66,54931.719.614.6%9.6%1.0516.1%plus 3.2%
RVNLRail Vikas Nigam193.34minus 0.18%40,31244.956.911.0%4.3%0.490.2%minus 40.5%
CEMPROCemindia Projects1,323.30plus 2.79%24,40536.424.237.1%10.4%0.3525.5%plus 49.2%
KPILKalpataru Projects International1,370.80minus 0.04%23,41019.710.119.9%8.3%0.4618.4%plus 4.3%
NBCCNBCC (India)78.00minus 2.90%21,06026.519.834.3%6.1%0.0012.9%minus 29.5%
ENGINERSINEngineers India292.70minus 1.94%16,45118.321.528.1%21.2%0.005.7%plus 51.1%
WABAGVA Tech Wabag1,988.20plus 6.57%12,43429.420.816.3%10.9%0.099.9%plus 33.2%
RITESRITES194.72minus 0.93%9,35823.111.418.7%22.6%0.00−2.5%minus 20.8%
Median of 7 peers–−0.04%23,41029.420.819.9%9.6%0.3512.9%4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
549609768532557
419466600418435
130142168115122
23.6%23.4%21.9%21.5%21.9%
34.629.53533.327
0.80.70.90.81
17.11716.516.617.1
146154186131131
25.5%25.3%25.0%25.1%25.9%
98.210213087.286.2
2.042.122.701.811.79

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−2.5%
Profit CAGR 3Y
−8.9%
EPS CAGR 3Y
−8.9%
ROE
16.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,5982,4442,1842,405
–minus 5.9%minus 10.6%+10.1%
1,8311,7921,6921,840
768652492565
29.5%26.7%22.5%23.5%
10594.9123122
52.93.71.4
66.760.762.166
−26.9−12.515.6−11.7
774670565608
26.2%26.1%25.0%25.2%
542455385410
–minus 16.0%minus 15.5%+6.6%
11.289.488.018.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
240240481481
2,3632,3692,1602,201
5.4896.6
3,3633,0443,4703,238
5,9725,6616,1195,926
805887672669
25735781.392.6
10530.640.2275
3,4713,1383,3942,940
1,3351,2491,9321,950
5,9725,6616,1195,926

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
560432637327
−1511.1−219126
−483−504−405−424
61.7−61.513.130.2
−136−137−133−62
424294504265
−433−457−356−377

Shareholding pattern

Source: NSE filings
72.2%
promoters
  • Promoters72.20%
  • Public27.80%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202672.20%27.80%0.00
30 Jun 202672.20%27.80%0.00
31 Mar 202672.20%27.80%0.00
31 Dec 202572.20%27.80%0.00
30 Sep 202572.20%27.80%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you