View Future GrowthRITES 過去の業績過去 基準チェック /26RITESの収益は年間平均-5.5%の割合で減少していますが、 Professional Services業界の収益は年間 増加しています。収益は年間21% 0.2%割合で 減少しています。 RITESの自己資本利益率は16.3%であり、純利益率は16.3%です。主要情報-5.54%収益成長率-5.34%EPS成長率Professional Services 業界の成長19.83%収益成長率-0.24%株主資本利益率16.26%ネット・マージン16.25%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 20Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹8.54 (up from ₹8.01 in FY 2025). Revenue: ₹25.2b (up 14% from FY 2025). Net income: ₹4.10b (up 6.6% from FY 2025). Profit margin: 16% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Apr 22RITES Limited to Report Fiscal Year 2026 Results on May 19, 2026RITES Limited announced that they will report fiscal year 2026 results on May 19, 2026Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.12 (vs ₹2.08 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.12 (up from ₹2.08 in 3Q 2025). Revenue: ₹6.09b (up 5.7% from 3Q 2025). Net income: ₹1.02b (up 1.9% from 3Q 2025). Profit margin: 17% (in line with 3Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Jan 22RITES Limited to Report Q3, 2026 Results on Feb 04, 2026RITES Limited announced that they will report Q3, 2026 results on Feb 04, 2026Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹2.04 (vs ₹1.52 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.04 (up from ₹1.52 in 2Q 2025). Revenue: ₹5.79b (up 7.1% from 2Q 2025). Net income: ₹982.1m (up 35% from 2Q 2025). Profit margin: 17% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Oct 31RITES Limited to Report Q2, 2026 Results on Nov 11, 2025RITES Limited announced that they will report Q2, 2026 results on Nov 11, 2025すべての更新を表示Recent updates分析記事 • May 22RITES Limited Just Recorded A 5.4% Revenue Beat: Here's What Analysts ThinkShareholders might have noticed that RITES Limited ( NSE:RITES ) filed its full-year result this time last week. The...New Risk • May 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 137% Dividend yield: 3.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 20Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹8.54 (up from ₹8.01 in FY 2025). Revenue: ₹25.2b (up 14% from FY 2025). Net income: ₹4.10b (up 6.6% from FY 2025). Profit margin: 16% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • May 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to ₹212. The fair value is estimated to be ₹272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.お知らせ • Apr 22RITES Limited to Report Fiscal Year 2026 Results on May 19, 2026RITES Limited announced that they will report fiscal year 2026 results on May 19, 2026Buy Or Sell Opportunity • Feb 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to ₹223. The fair value is estimated to be ₹282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.Declared Dividend • Feb 06Third quarter dividend of ₹1.90 announcedShareholders will receive a dividend of ₹1.90. Ex-date: 10th February 2026 Payment date: 5th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. EPS is expected to grow by 31% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.12 (vs ₹2.08 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.12 (up from ₹2.08 in 3Q 2025). Revenue: ₹6.09b (up 5.7% from 3Q 2025). Net income: ₹1.02b (up 1.9% from 3Q 2025). Profit margin: 17% (in line with 3Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.分析記事 • Jan 31A Look At The Fair Value Of RITES Limited (NSE:RITES)Key Insights The projected fair value for RITES is ₹208 based on 2 Stage Free Cash Flow to Equity RITES' ₹228 share...お知らせ • Jan 22RITES Limited to Report Q3, 2026 Results on Feb 04, 2026RITES Limited announced that they will report Q3, 2026 results on Feb 04, 2026分析記事 • Dec 24RITES (NSE:RITES) Hasn't Managed To Accelerate Its ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Nov 16RITES Limited (NSE:RITES) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearRITES Limited ( NSE:RITES ) came out with its quarterly results last week, and we wanted to see how the business is...Declared Dividend • Nov 13Second quarter dividend of ₹2.00 announcedShareholders will receive a dividend of ₹2.00. Ex-date: 14th November 2025 Payment date: 11th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹2.04 (vs ₹1.52 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.04 (up from ₹1.52 in 2Q 2025). Revenue: ₹5.79b (up 7.1% from 2Q 2025). Net income: ₹982.1m (up 35% from 2Q 2025). Profit margin: 17% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Oct 31RITES Limited to Report Q2, 2026 Results on Nov 11, 2025RITES Limited announced that they will report Q2, 2026 results on Nov 11, 2025お知らせ • Oct 20RITES Limited Appoints Shri Jayant Kumar as Part Time Government Nominee Director, Effective October 17, 2025RITES Limited informed that Ministry of Railways vide its letter no. 2022/PL/57/10 dated October 17, 2025 has informed that Hon'ble President of India has approved the appointment of Shri Jayant Kumar (DIN: 07179274), EDME (MDP), Railway Board as part time Government Nominee Director on the Board of the Company till he holds the post of EDME (MDP), Railway Board or until further orders, whichever is earlier. Shri Jayant Kumar is presently serving as EDME (MDP), Railway Board. He is holding a Bachelor's in Mechanical Engineering and belongs to Indian Railways Service of Mechanical Engineers (IRSME) of 1994 batch and has more than 25 years of rich & varied experience working with the Indian Railways and Govt. of India. Date of appointment is October 17, 2025.Buy Or Sell Opportunity • Oct 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to ₹252. The fair value is estimated to be ₹318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.分析記事 • Oct 08Calculating The Fair Value Of RITES Limited (NSE:RITES)Key Insights RITES' estimated fair value is ₹317 based on 2 Stage Free Cash Flow to Equity Current share price of ₹257...Buy Or Sell Opportunity • Sep 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₹248. The fair value is estimated to be ₹315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.お知らせ • Sep 23RITES Limited Appoints Rajbir Sharma as Independent Director, Effective September 23, 2025RITES Limited at its Annual General Meeting held on September 23, 2025, approved to appoint Shri Rajbir Sharma as an Independent Director of the Company.分析記事 • Sep 17Most Shareholders Will Probably Agree With RITES Limited's (NSE:RITES) CEO CompensationKey Insights RITES to hold its Annual General Meeting on 23rd of September Total pay for CEO Rahul Mithal includes...分析記事 • Sep 07RITES' (NSE:RITES) Dividend Will Be ₹2.65RITES Limited's ( NSE:RITES ) investors are due to receive a payment of ₹2.65 per share on 23rd of October. The yield...Declared Dividend • Sep 06Dividend of ₹2.65 announcedShareholders will receive a dividend of ₹2.65. Ex-date: 17th September 2025 Payment date: 23rd October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Buy Or Sell Opportunity • Aug 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.8% to ₹252. The fair value is estimated to be ₹317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.お知らせ • Aug 21RITES Limited, Annual General Meeting, Sep 23, 2025RITES Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time.分析記事 • Aug 12RITES' (NSE:RITES) Dividend Will Be ₹1.30RITES Limited's ( NSE:RITES ) investors are due to receive a payment of ₹1.30 per share on 5th of September. Based on...Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: ₹1.67 (vs ₹1.65 in 1Q 2025)First quarter 2026 results: EPS: ₹1.67 (up from ₹1.65 in 1Q 2025). Revenue: ₹4.90b (flat on 1Q 2025). Net income: ₹801.0m (up 1.4% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jul 21RITES Limited to Report Q1, 2026 Results on Aug 06, 2025RITES Limited announced that they will report Q1, 2026 results on Aug 06, 2025分析記事 • Jul 03These Return Metrics Don't Make RITES (NSE:RITES) Look Too StrongWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (94% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change).分析記事 • May 20RITES Limited's (NSE:RITES) Shares Climb 26% But Its Business Is Yet to Catch UpDespite an already strong run, RITES Limited ( NSE:RITES ) shares have been powering on, with a gain of 26% in the last...Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹8.01 (down from ₹9.48 in FY 2024). Revenue: ₹23.2b (down 5.3% from FY 2024). Net income: ₹3.85b (down 16% from FY 2024). Profit margin: 17% (down from 19% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • Apr 28RITES Limited to Report Q4, 2025 Results on May 14, 2025RITES Limited announced that they will report Q4, 2025 results on May 14, 2025お知らせ • Apr 21Rites Limited Announces Board and Committee ChangesRITES Limited announced that The resignation tendered by Shri Arun Kumar Singh (DIN:09747776) Director (Projects) of the Company citing personal commitments, has been approved by the Competent Authority w.e.f. May 5, 2025 and communicated to the Company vide letter dated 21 April 2025. Consequently, he shall also cease to be Chairman of Risk Management Committee and Project Investment Committee as well as member of the Audit Committee of the Company w.e.f. May 5, 2025. The letter of resignation received from Shri Arun Kumar Singh is enclosed herewith. Deepak Tripathi (DIN: 10090267) currently serving as Director (Technical) of the Company with the additional charge of the post of Director (Projects) of the Company for a period of 6 months w.e.f. May 5, 2025 or till assumption of charge of the post by the regular incumbent or until further orders whichever is the earliest.分析記事 • Mar 29RITES Limited (NSE:RITES) Shares Could Be 31% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, RITES fair value estimate is ₹326 Current share price of ₹223...Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₹256, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Professional Services industry in India. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹326 per share.分析記事 • Mar 09Be Wary Of RITES (NSE:RITES) And Its Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...お知らせ • Mar 01RITES Limited Announces Senior Management ChangesRITES Limited announced that following changes have taken place in the Senior Management of the Company: Shri S. Sridhar, Dy. CVO and Vertical Head (Vigilance) has superannuated effective end of office hours on February 28, 2025 and thereby ceased to be among the Senior Management of the Company. Shri Abhas Kumar, GGM (Vigilance) has been designated as Dy. CVO and Vertical Head (Vigilance) effective March 1, 2025, and is thereby included in the Senior Management of the Company. Shri Abhas Kumar has done M. Tech in Transport Engineering and is a Associate Member of The Institute of Engineers. He has over 37 years of multi- disciplinary professional experience. He has been with RITES Limited since September 1987.新しいナラティブ • Feb 23Record Backlog And Global Market Expansion Will Strengthen Future Outlook RITES' strategic focus on execution and order inflows has led to a strong order backlog, supporting potential future revenue growth. 分析記事 • Feb 18RITES Limited's (NSE:RITES) Business Is Yet to Catch Up With Its Share PriceWith a median price-to-earnings (or "P/E") ratio of close to 27x in India, you could be forgiven for feeling...Major Estimate Revision • Feb 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹24.8b to ₹22.4b. EPS estimate also fell from ₹8.10 per share to ₹7.15 per share. Net income forecast to grow 1.3% next year vs 26% growth forecast for Professional Services industry in India. Consensus price target down from ₹327 to ₹266. Share price fell 6.5% to ₹233 over the past week.分析記事 • Jan 31RITES Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedRITES Limited ( NSE:RITES ) shareholders are probably feeling a little disappointed, since its shares fell 2.3% to ₹258...お知らせ • Jan 30RITES Limited Announces Executive ChangesRITES Limited informed that following changes have taken place in the Senior Management of the Company: Shri Surendra Singh Kshatriya, GGM (F&A) has been relieved from RITES Limited on January 30, 2025, afternoon to join as Director (Finance) of Mineral Exploration & Consultancy Limited (MECL) and thereby ceased to be among the Senior Management of the Company. Shri Satya Bhushan Samanta, GGM (FE) has been designated as Vertical Head (Finance) with effect from January 30, 2025, afternoon and is thereby included in the Senior Management of the Company. Shri Satya Bhushan Samanta is a qualified Cost and Management Accountant as well as a Chartered Accountant, and he has over 28 years of multi- disciplinary professional experience. He has been with RITES Limited since June 2016. Prior to joining RITES, he was with IREL(India) Limited, Department of Atomic Energy, Government of India and has held various key positions in Finance Department at its Kerala Mineral Division unit.Reported Earnings • Jan 29Third quarter 2025 earnings released: EPS: ₹2.08 (vs ₹2.50 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.08 (down from ₹2.50 in 3Q 2024). Revenue: ₹6.14b (down 10% from 3Q 2024). Net income: ₹1.00b (down 17% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jan 28RITES Limited Approves Third Interim Dividend for the Financial Year 2024-25RITES Limited at the Board of Directors meeting held on January 28, 2025 approved declaration of (Third) interim dividend for the Financial Year 2024-25 at the rate of INR 1.90 per share (19.00% of paid-up share capital) of the Company. Further, the record date set for the purpose of payment of (third) interim dividend for Financial Year 2024-25 is February 01, 2025.お知らせ • Jan 22RITES Limited Announces Executive ChangesRITES Limited announced amendments that following changes has taken place in the Senior Management of the Company: Shri M. L. Meena, GGM/Civil & RH (NRPO) transferred to RI Vertical Gurgaon effective January 22, 2025 and thereby ceased to be among the Senior Management of the Company. Shri Anoop Sharma, GGM/Civil is taking over charge as Regional Head/NRPO on transfer of Shri M. L. Meena, GGM/Civil to RI Vertical Gurgaon effective January 22, 2025 and is thereby included in the Senior Management of the Company. Details of Shri Anoop Sharma: He holds a B.E. in Civil Engineering from Kurukshetra University and Diploma in Civil Engineering. With over 27 years of extensive experience, he has specialized in PMC Construction, Supervision and Tendering. His career includes significant tenures at Braithwaite & Co., IRCON International, and RITES, where he contributed in the projects of EMRS schools (18 nos) & NVS schools (5 nos), TURA medical project, Tezu, Jorhat & Shillong airports buildings for north east civil projects in Assam, Mizoram, Manipur, Meghalaya & Tripura having total value of projects more than 1500 crs.お知らせ • Jan 16RITES Limited to Report Q3, 2025 Results on Jan 28, 2025RITES Limited announced that they will report Q3, 2025 results on Jan 28, 2025お知らせ • Jan 13Rites Limited Announces Cessation of Likha Togu as Non-Official Independent DirectorRITES Limited announced that Shri Likha Togu (DIN: 09470640) as Non-Official Independent Director on the Board of the Company has ended on January 13, 2025. List of Board of Directors of RITES Limited as on January 14, 2025 Shri Rahul Mithal Chairman & Managing Director, Shri Arun Kumar Singh Director (Projects), Dr. Deepak Tripathi Director (Technical), Shri Krishna Gopal Agarwal Director (Finance), Shri Sandeep Jain Government Nominee Director, Shri Shailendra Singh Government Nominee Director.お知らせ • Dec 13RITES Limited Announces Management ChangesRITES Limited informed that following changes has taken place in the Senior Management of the Company: Shri Shrirang Dharmaji Kamble, GGM/Civil & WRPO repatriated to Ministry of Railways w.e.f. December 13, 2024 and thereby ceased to be among the Senior Management of the Company. Shri N D Patankar, GGM/Civil is taking over charge as Regional Head/WRPO on repatriation of Shri Shrirang Dharmaji Kamble, GGM/Civil to Ministry of Railways w.e.f. December 13, 2024 and is thereby included in the Senior Management of the Company. Shri N D Patankar holds a B.E. in Civil Engineering from SPCE, Mumbai, and an M. Tech in Construction Engineering and Management from I.I.T Delhi. With over 23 years of extensive experience, he has specialized in infrastructure project planning, implementation, monitoring, procurement, contract management, business development, and revenue generation. His career includes significant tenures at BARC, MMRDA, and RITES, where he contributed to residential, commercial, strategic, and metro rail projects. Notably, he has played a key role in planning and executing various metro lines in Mumbai, such as Line-2A, 2B, 4, and 4A. Before joining RITES, he served as a Class-1 Gazetted Officer at the Bhabha Atomic Research Centre for nearly 20 years.分析記事 • Nov 28A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)Key Insights RITES' estimated fair value is ₹306 based on 2 Stage Free Cash Flow to Equity RITES' ₹291 share price...Price Target Changed • Nov 20Price target decreased by 7.8% to ₹327Down from ₹354, the current price target is an average from 4 analysts. New target price is 19% above last closing price of ₹275. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₹9.20 for next year compared to ₹9.48 last year.分析記事 • Nov 09RITES' (NSE:RITES) Dividend Is Being Reduced To ₹1.75RITES Limited ( NSE:RITES ) is reducing its dividend from last year's comparable payment to ₹1.75 on the 6th of...お知らせ • Nov 08RITES Limited Announces Cessation of DirectorsRITES Limited informed that Hon'ble President of India through Ministry of Railways, Govt. of India order dated November 09, 2021 had appointed Dr. Godawari Mishra and Shri Laxman T. Tapashi as Non-Official Independent Director on the Board of the Company and subsequently appointment was also approved by the shareholders of the Company by passing special resolution through postal ballot. The company informed that the tenure of appointment of Dr. Godawari Mishra and Shri Laxman T. Tapashi as Non-Official Independent Director on the Board of the Company has ended on 8th November, 2024. Consequently, Dr. Godawari Mishra and Shri Laxman T. Tapashi have ceased to be Independent Director of the Company with effect from close of business hours on 8th November, 2024.Declared Dividend • Nov 08Second quarter dividend of ₹1.75 announcedShareholders will receive a dividend of ₹1.75. Ex-date: 14th November 2024 Payment date: 6th December 2024 Dividend yield will be 4.9%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 07Second quarter 2025 earnings released: EPS: ₹1.52 (vs ₹2.11 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.52 (down from ₹2.11 in 2Q 2024). Revenue: ₹5.62b (down 3.5% from 2Q 2024). Net income: ₹729.8m (down 28% from 2Q 2024). Profit margin: 13% (down from 17% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.お知らせ • Nov 01RITES Limited Announces Executive ChangesRITES Limited announced following changes have taken place in the Senior Management of the Company: Shri Anjeev Kumar Jain, Executive Director (Finance) has been relieved from RITES Limited on November 01, 2024, afternoon to join as Director (Finance) of NBCC (India) Limited and thereby ceased to be among the Senior Management of the Company. Shri Surendra Singh Kshatriya, GGM (F&A) has been designated as Vertical Head (Finance) with effect from November 01, 2024, afternoon and is thereby included in the Senior Management of the Company. Shri Surendra Singh Kshatriya is a qualified Chartered Accountant and he has over 29 years of multi-disciplinary professional experience. He joined RITES Limited in August, 2022. Prior to joining RITES, he had a long stint of more than 26 years holding various key positions in Finance Department of Steel Authority of India Limited (SAIL). Shri Surendra Singh Kshatriya, is not related to any other Director/KMP of the Company.お知らせ • Oct 22RITES Limited Announces Resignation of Dineshananda Goswami as Independent DirectorRITES Limited announced that Dr. Dineshananda Goswami, has tendered his resignation as the Independent Director of the Company, with effect from 22nd October, 2024, citing pre-occupation and other personal commitments. Consequently, he shall also cease to be Chairman of the Audit Committee and Risk Management Committee and member of Project Investment Committee of the Company.お知らせ • Oct 17RITES Limited to Report Q2, 2025 Results on Nov 06, 2024RITES Limited announced that they will report Q2, 2025 results on Nov 06, 2024Price Target Changed • Oct 10Price target increased by 30% to ₹459Up from ₹354, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ₹314. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₹9.65 for next year compared to ₹9.48 last year.Upcoming Dividend • Sep 13Upcoming dividend of ₹5.00 per shareEligible shareholders must have bought the stock before 20 September 2024. Payment date: 12 October 2024. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (1.0%).分析記事 • Sep 11RITES (NSE:RITES) Will Pay A Dividend Of ₹5.00The board of RITES Limited ( NSE:RITES ) has announced that it will pay a dividend of ₹5.00 per share on the 12th of...分析記事 • Sep 06RITES Limited's (NSE:RITES) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights RITES to hold its Annual General Meeting on 12th of September CEO Rahul Mithal's total compensation...分析記事 • Aug 17RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00The board of RITES Limited ( NSE:RITES ) has announced that it will pay a dividend of ₹5.00 per share on the 12th of...お知らせ • Aug 16RITES Limited, Annual General Meeting, Sep 12, 2024RITES Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time.Declared Dividend • Aug 16Dividend of ₹5.00 announcedShareholders will receive a dividend of ₹5.00. Ex-date: 20th September 2024 Payment date: 12th October 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.8% to bring the payout ratio under control. EPS is expected to grow by 87% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Major Estimate Revision • Aug 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₹25.70 to ₹19.30 per share. Revenue forecast steady at ₹25.7b. Net income forecast to grow 15% next year vs 21% growth forecast for Professional Services industry in India. Consensus price target down from ₹755 to ₹709. Share price fell 2.5% to ₹697 over the past week.分析記事 • Aug 03RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50RITES Limited's ( NSE:RITES ) dividend is being reduced from last year's payment covering the same period to ₹2.50 on...Declared Dividend • Aug 02First quarter dividend of ₹2.50 announcedShareholders will receive a dividend of ₹2.50. Ex-date: 8th August 2024 Payment date: 30th August 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.8% to bring the payout ratio under control. EPS is expected to grow by 23% over the next year, which is sufficient to bring the dividend into a sustainable range.お知らせ • Aug 01RITES Limited Announces Executive ChangesRITES Limited announced that following changes have taken place in the Senior Management of the Company: Shri Vijay Kumar (Vertical Head, Highways) has superannuated on 31 July 2024 and thereby ceased to be among the Senior Management of the company; Shri Rajesh Naik has been designated as Vertical Head, Highways with effect from 1 August 2024 and is thereby included in the Senior Management of the company. Shri Rajesh Naik is Graduated in Civil Engineering in 1992 from Karnataka University. He is having 32 years of extensive professional and academic experience in various Design of Roads and Construction Supervision, Project Preparation and Execution in the field of roads, highway, Border fencing and Railway projects in India and overseas. Further development of port structure preparation of DPR &TEFR for Railway, Flyover & Mechanised Cargo Handling. He is responsible for Construction & Supervision, Project Program and planning & Preparation activities involving soil and material survey, Road inventories, establishing quality control test standards and procedures for construction, field checking and control of materials and works in conformity with the specification and quality standards, checking of bills and claims, certification on quality of works, preparation and review of soil and material report, Construction methodology, Quantity survey and Cost Analysis. Shri Rajesh Naik is not related to any other director of the company.Reported Earnings • Aug 01First quarter 2025 earnings released: EPS: ₹3.29 (vs ₹4.49 in 1Q 2024)First quarter 2025 results: EPS: ₹3.29 (down from ₹4.49 in 1Q 2024). Revenue: ₹4.86b (down 11% from 1Q 2024). Net income: ₹790.2m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.お知らせ • Jul 31RITES Limited Approves First Interim Dividend for the Financial Year 2024-2025RITES Limited announced that at its board meeting held on July 31, 2024, approved first interim dividend for the financial year 2024-2025 at the rate of INR 2.50 per share (25% of paid-up share capital) of the company. Further, the record date set for the purpose of payment of first interim dividend for financial year 2024-2025 is August 8, 2024.Buy Or Sell Opportunity • Jul 31Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹715. The fair value is estimated to be ₹920, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 147% Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).お知らせ • Jul 23RITES Limited to Report Q1, 2025 Results on Jul 31, 2024RITES Limited announced that they will report Q1, 2025 results on Jul 31, 2024Buy Or Sell Opportunity • Jul 09Now 21% undervaluedOver the last 90 days, the stock has risen 9.0% to ₹743. The fair value is estimated to be ₹935, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹607, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Professional Services industry in India. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹844 per share.Major Estimate Revision • Jun 04Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₹30.6b to ₹25.8b. EPS estimate unchanged from ₹25.70 per share at last update. Professional Services industry in India expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at ₹738. Share price fell 12% to ₹624 over the past week.Buy Or Sell Opportunity • Jun 04Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ₹624. The fair value is estimated to be ₹845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.お知らせ • May 30RITES Limited Recommends Dividend for the Financial Year 2023-24RITES Limited Recommended Dividend of INR 5.00/- per share (i.e. 50%) on 240,301,887 equity shares of face value of INR 10/each of the Company for the financial year 2023-24, subject To Approve the same by the Shareholders in the upcoming 50th Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed thereunder.お知らせ • May 29RITES Limited Announces Management ChangesRITES Limited informed that following changes have taken place in the Senior Management of the Company: Shri Pankaj Chaudhary, GGM/Civil & RH/ERPO transferred from ERPO/Kolkata to S&CC/Gurugram as Vertical Head (S&CC) and shall be designated as Chief Strategy Officer (CSO). Shri Rajiv Kumar Sinha, GGM/Civil & PU Head/Kolkata transferred from PU Kolkata to ERPO/Kolkata as Regional Head (ERPO). Shri Pankaj Chaudhary has multi-disciplinary professional experience of more than 24 years. He has graduated in Civil Engineering from IIT, Banaras Hindu University and has done Master of Engineering from IIT, University of Roorkee. He was Regional Head of ERPO of RITES and presently posted as Vertical Head (S&CC) and Chief Strategy Officer of the Company. Prior to joining of RITES Limited, he had work for Military Engineering Services. Shri Rajiv Kumar Sinha has overall professional experience of more than 36 years. He has done B.Sc. Engineering from Patna University. He had joined RITES Limited in March 1997. He was PU Head/Kolkata and now transferred to ERPO/Kolkata as Regional Head (ERPO). Prior to joining of RITES Limited, he had work for Ashika Construction Private Limited,Laxmi Narayan Verma Agency and Creative Planner. Date of appointment is May 28, 2024.Reported Earnings • May 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹18.95 (down from ₹22.56 in FY 2023). Revenue: ₹25.4b (down 3.4% from FY 2023). Net income: ₹4.55b (down 16% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 26A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)Key Insights The projected fair value for RITES is ₹843 based on 2 Stage Free Cash Flow to Equity RITES' ₹735 share...お知らせ • May 17RITES Limited to Report Q4, 2024 Results on May 28, 2024RITES Limited announced that they will report Q4, 2024 results on May 28, 2024Buy Or Sell Opportunity • May 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₹675. The fair value is estimated to be ₹844, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 27% to ₹665. The fair value is estimated to be ₹836, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.分析記事 • Apr 02Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Mar 28RITES Limited Appoints Shailendra Singh as Government Nominee DirectorRITES Limited announced that Ministry of Railways has nominated Shri Shailendra Singh, Principal Executive Director/ME (EnHM & Project), Railway Board as part time Government Nominee Director of the Company till he holds the post of Principal Executive Director/ME (EnHM & Project), Railway Board or until further orders, whichever is earlier. The Board of Directors has passed the resolution for the appointment of Shri Shailendra Singh, as an additional Director (Government Nominee Director) through resolution by circulation on March 27, 2024. Shri Shailendra Singh, an IRSME Officer of 1989 batch, mechanical engineer and holding graduate degree in Mechanical Engineering from G.B. Pant University Pantnagar and an M.Tech in Production Engineering from IIT Delhi. Shri Shailendra Singh is currently serving as the Principal Executive Director of Environment and Project at the Railway Board. He embarked on his career journey in 1994 as an Assistant Mechanical Engineer in the Dhanbad Division of Eastern Railway. He has an illustrious career spanning more than 30 years in Indian Railways and has held key introducing concepts like crashworthiness and Centre Buffer Coupler, enhancing the periodicity of ICF coaches' maintenance, and developing various innovative solutions for passenger safety and comfort. During his tenure at the Railway Board, he led teams in conceptualizing and introducing new train services and coach designs, including Humsafar, Tejas, Antyodaya trains, and Anubhuti, Vistadome, and Deen Dayalu coaches. He played a pivotal role in standardizing safety features across coaches, piloting initiatives for bio- toilets, and overseeing the introduction of Mahamana Trains with world-class interiors.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹586, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 31x in the Professional Services industry in India. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹827 per share.Buy Or Sell Opportunity • Mar 13Now 29% undervaluedOver the last 90 days, the stock has risen 14% to ₹586. The fair value is estimated to be ₹827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.お知らせ • Feb 28RITES Limited Announces Company Secretary and Compliance Officer ChangesRITES Limited passed the resolution for appointment of Mr. Ashok Mishra, a fellow member of The Institute of Company Secretaries of India as Company Secretary and Compliance Officer of the Company in place of Shri Nikhil Agarwal, DGM (Finance & CS) effective February 28, 2024. This is to further inform that Shri Nikhil Agarwal ceased to be the Company Secretary and Compliance Officer of the Company effective February 28, 2024.分析記事 • Feb 23RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With EarningsRITES Limited ( NSE:RITES ) shares have continued their recent momentum with a 32% gain in the last month alone. The...Price Target Changed • Feb 05Price target increased by 43% to ₹694Up from ₹486, the current price target is an average from 4 analysts. New target price is 7.3% below last closing price of ₹749. Stock is up 127% over the past year. The company is forecast to post earnings per share of ₹20.35 for next year compared to ₹22.56 last year.分析記事 • Feb 05Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%RITES Limited ( NSE:RITES ) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to ₹701...Reported Earnings • Feb 03Third quarter 2024 earnings released: EPS: ₹5.00 (vs ₹5.83 in 3Q 2023)Third quarter 2024 results: EPS: ₹5.00 (down from ₹5.83 in 3Q 2023). Revenue: ₹6.83b (flat on 3Q 2023). Net income: ₹1.20b (down 14% from 3Q 2023). Profit margin: 18% (down from 21% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Feb 03Third quarter dividend of ₹4.75 announcedShareholders will receive a dividend of ₹4.75. Ex-date: 9th February 2024 Payment date: 2nd March 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 25% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10.0% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Feb 02RITES Limited Announces Change in ManagementRITES Limited announced that following changes have taken place in the Senior Management of the Company. Shri Debasish Majumdar (Vertical Head/Technical Services) has superannuated on 31 January 2024 (from closure of business hours) and thereby ceased to be among the Senior Management of the Company. Shri Sandeep Jain (ED/Mech) has been designated as Vertical Head/Technical Services and is thereby included in the Senior Management of the Company. Mr. Sandeep Jain, a graduate in Mech. Engg and Post Graduate in Thermal Engg from IIT/Delhi in 1989 & 1991 respectively. He is also an MBA (Finance). He joined Indian Railways in 1991 (IRSME 1991 Batch) and has worked in different capacities as Nodal officer in Railway Board on Disaster Management. He was also a Nodal Officer in manufacturing of LHB Coaches at RCF/Kapurthala. Incharge of Diesel Shed Shakurbasti developed facilities for DEMU maintenance. Under his supervision, CNG and biodiesel was introduced first time in Indian Railways. After serving for 21 years, has joined RITES on deputation in November, 2013 and took absorption in December, 2017 in RITES. He has rich professional experience of nearly 32 years in various fields which includes Operation & Maintenance, Safety, Manufacturing, Product Development, Wet Leasing, Export of Rolling Stock, Quality Assurance, Inspection, Development of digital platforms, Installation & Commissioning of Machine & Plants, Setting up of Infrastructure projects, People management, Business Development etc. He has worked in various positions in RITES in the capacity of GGM/SBU Head (QA), GM (Expotech & S&CC) etc. He is presently working as Vertical Head/TS and has also been appointed as Nominee Director in SRBWIPL,a Joint Venture of SAIL & RITES. He has been responsible for various projects in RES Division performing duties as Strategic Business Unit Head of Railway Equipment Services (RES) which deals with Loco leasing and O&M of Rail assets by running the mini-railway system at sites such as power plants, coal mines, steel plants, container depots, ports etc and ensured overall management/administration of RES Sub Unit having 43 sites for O&M, leasing of 74 nos. of locos on 33 sites across India, and 05 infrastructure projects i.e. Setting up of Workshops & maintenance facilities for wagons, coaches, DEMU/MEMU etc. across India. He ensured diversification of Loco leasing business with comprehensive AMC of yard including loco, track OHE, S&T etc. in one package for clients. In QA vertical also he was instrumental in increasing turnover from about 115 crore in 2013-14 to 391 crore in year 2022-23. In Expotech Divison, prestigious order from CFM, Mozambique of 6 Locomotives, 60 loco hauled coaches & 5 DEMU sets comprising of 6 coaches. Under his leadership, RES Vertical secured the "Best Business Vertical Award (Golden trophy)" for the year 2022-2023.お知らせ • Feb 01RITES Limited Declares Third Interim Dividend for the Financial Year 2023-24The Board of Directors of RITES Limited at their meeting held on February 01, 2024 have declared Third Interim Dividend for the Financial Year 2023-24 at the rate of INR 4.75 per share (47.5% of paid up share capital of the company). The Record Date set for the purpose of payment of Third Interim Dividend for Financial Year 2023-24 is February 09, 2024.New Risk • Jan 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 111% Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).Buy Or Sell Opportunity • Jan 23Now 27% undervaluedOver the last 90 days, the stock has risen 24% to ₹564. The fair value is estimated to be ₹775, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.3%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹629, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹777 per share.収支内訳RITES の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NSEI:RITES 収益、費用、利益 ( )INR Millions日付収益収益G+A経費研究開発費31 Mar 2625,2464,103607031 Dec 2522,6254,130719030 Sep 2522,2974,111717030 Jun 2522,2183,859564031 Mar 2522,1783,848696031 Dec 2422,4563,782742030 Sep 2423,5283,982738030 Jun 2423,9434,264573031 Mar 2424,5294,554758031 Dec 2324,9644,613712030 Sep 2324,9094,813704030 Jun 2325,6765,125544031 Mar 2326,2835,420685031 Dec 2227,0755,468624030 Sep 2228,0535,454613030 Jun 2229,1185,819478031 Mar 2226,6185,164536031 Dec 2124,8305,174528030 Sep 2121,9864,810493030 Jun 2118,7884,416350031 Mar 2119,0534,324427031 Dec 2018,0354,294450030 Sep 2019,7404,779499030 Jun 2022,8135,809548031 Mar 2024,8356,161620031 Dec 1926,4886,195711030 Sep 1925,6396,054702030 Jun 1922,6064,805699031 Mar 1920,5534,695678031 Dec 1818,6944,389528030 Sep 1817,0674,017550030 Jun 1815,5133,617533031 Mar 1815,0653,425538031 Mar 1713,6553,285522031 Mar 1610,9062,8144600質の高い収益: RITESは 高品質の収益 を持っています。利益率の向上: RITESの現在の純利益率 (16.3%)は、昨年(17.4%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: RITESの収益は過去 5 年間で年間5.5%減少しました。成長の加速: RITESの過去 1 年間の収益成長率 ( 6.6% ) は、5 年間の平均 ( 年間-5.5%を上回っています。収益対業界: RITESの過去 1 年間の収益成長率 ( 6.6% ) Professional Services業界8.1%を上回りませんでした。株主資本利益率高いROE: RITESの 自己資本利益率 ( 16.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCommercial-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 10:43終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋RITES Limited 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Kunal Sheth360 ONE Capital Market Private Limitednull nullAntique Stockbroking Ltd.Shreyans MehtaEquirus Securities Private Limited4 その他のアナリストを表示
Reported Earnings • May 20Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹8.54 (up from ₹8.01 in FY 2025). Revenue: ₹25.2b (up 14% from FY 2025). Net income: ₹4.10b (up 6.6% from FY 2025). Profit margin: 16% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Apr 22RITES Limited to Report Fiscal Year 2026 Results on May 19, 2026RITES Limited announced that they will report fiscal year 2026 results on May 19, 2026
Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.12 (vs ₹2.08 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.12 (up from ₹2.08 in 3Q 2025). Revenue: ₹6.09b (up 5.7% from 3Q 2025). Net income: ₹1.02b (up 1.9% from 3Q 2025). Profit margin: 17% (in line with 3Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Jan 22RITES Limited to Report Q3, 2026 Results on Feb 04, 2026RITES Limited announced that they will report Q3, 2026 results on Feb 04, 2026
Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹2.04 (vs ₹1.52 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.04 (up from ₹1.52 in 2Q 2025). Revenue: ₹5.79b (up 7.1% from 2Q 2025). Net income: ₹982.1m (up 35% from 2Q 2025). Profit margin: 17% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Oct 31RITES Limited to Report Q2, 2026 Results on Nov 11, 2025RITES Limited announced that they will report Q2, 2026 results on Nov 11, 2025
分析記事 • May 22RITES Limited Just Recorded A 5.4% Revenue Beat: Here's What Analysts ThinkShareholders might have noticed that RITES Limited ( NSE:RITES ) filed its full-year result this time last week. The...
New Risk • May 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 137% Dividend yield: 3.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 20Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: ₹8.54 (up from ₹8.01 in FY 2025). Revenue: ₹25.2b (up 14% from FY 2025). Net income: ₹4.10b (up 6.6% from FY 2025). Profit margin: 16% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • May 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to ₹212. The fair value is estimated to be ₹272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
お知らせ • Apr 22RITES Limited to Report Fiscal Year 2026 Results on May 19, 2026RITES Limited announced that they will report fiscal year 2026 results on May 19, 2026
Buy Or Sell Opportunity • Feb 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to ₹223. The fair value is estimated to be ₹282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
Declared Dividend • Feb 06Third quarter dividend of ₹1.90 announcedShareholders will receive a dividend of ₹1.90. Ex-date: 10th February 2026 Payment date: 5th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. EPS is expected to grow by 31% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.12 (vs ₹2.08 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.12 (up from ₹2.08 in 3Q 2025). Revenue: ₹6.09b (up 5.7% from 3Q 2025). Net income: ₹1.02b (up 1.9% from 3Q 2025). Profit margin: 17% (in line with 3Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • Jan 31A Look At The Fair Value Of RITES Limited (NSE:RITES)Key Insights The projected fair value for RITES is ₹208 based on 2 Stage Free Cash Flow to Equity RITES' ₹228 share...
お知らせ • Jan 22RITES Limited to Report Q3, 2026 Results on Feb 04, 2026RITES Limited announced that they will report Q3, 2026 results on Feb 04, 2026
分析記事 • Dec 24RITES (NSE:RITES) Hasn't Managed To Accelerate Its ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Nov 16RITES Limited (NSE:RITES) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearRITES Limited ( NSE:RITES ) came out with its quarterly results last week, and we wanted to see how the business is...
Declared Dividend • Nov 13Second quarter dividend of ₹2.00 announcedShareholders will receive a dividend of ₹2.00. Ex-date: 14th November 2025 Payment date: 11th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹2.04 (vs ₹1.52 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.04 (up from ₹1.52 in 2Q 2025). Revenue: ₹5.79b (up 7.1% from 2Q 2025). Net income: ₹982.1m (up 35% from 2Q 2025). Profit margin: 17% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Oct 31RITES Limited to Report Q2, 2026 Results on Nov 11, 2025RITES Limited announced that they will report Q2, 2026 results on Nov 11, 2025
お知らせ • Oct 20RITES Limited Appoints Shri Jayant Kumar as Part Time Government Nominee Director, Effective October 17, 2025RITES Limited informed that Ministry of Railways vide its letter no. 2022/PL/57/10 dated October 17, 2025 has informed that Hon'ble President of India has approved the appointment of Shri Jayant Kumar (DIN: 07179274), EDME (MDP), Railway Board as part time Government Nominee Director on the Board of the Company till he holds the post of EDME (MDP), Railway Board or until further orders, whichever is earlier. Shri Jayant Kumar is presently serving as EDME (MDP), Railway Board. He is holding a Bachelor's in Mechanical Engineering and belongs to Indian Railways Service of Mechanical Engineers (IRSME) of 1994 batch and has more than 25 years of rich & varied experience working with the Indian Railways and Govt. of India. Date of appointment is October 17, 2025.
Buy Or Sell Opportunity • Oct 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to ₹252. The fair value is estimated to be ₹318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
分析記事 • Oct 08Calculating The Fair Value Of RITES Limited (NSE:RITES)Key Insights RITES' estimated fair value is ₹317 based on 2 Stage Free Cash Flow to Equity Current share price of ₹257...
Buy Or Sell Opportunity • Sep 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₹248. The fair value is estimated to be ₹315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
お知らせ • Sep 23RITES Limited Appoints Rajbir Sharma as Independent Director, Effective September 23, 2025RITES Limited at its Annual General Meeting held on September 23, 2025, approved to appoint Shri Rajbir Sharma as an Independent Director of the Company.
分析記事 • Sep 17Most Shareholders Will Probably Agree With RITES Limited's (NSE:RITES) CEO CompensationKey Insights RITES to hold its Annual General Meeting on 23rd of September Total pay for CEO Rahul Mithal includes...
分析記事 • Sep 07RITES' (NSE:RITES) Dividend Will Be ₹2.65RITES Limited's ( NSE:RITES ) investors are due to receive a payment of ₹2.65 per share on 23rd of October. The yield...
Declared Dividend • Sep 06Dividend of ₹2.65 announcedShareholders will receive a dividend of ₹2.65. Ex-date: 17th September 2025 Payment date: 23rd October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Buy Or Sell Opportunity • Aug 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.8% to ₹252. The fair value is estimated to be ₹317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
お知らせ • Aug 21RITES Limited, Annual General Meeting, Sep 23, 2025RITES Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time.
分析記事 • Aug 12RITES' (NSE:RITES) Dividend Will Be ₹1.30RITES Limited's ( NSE:RITES ) investors are due to receive a payment of ₹1.30 per share on 5th of September. Based on...
Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: ₹1.67 (vs ₹1.65 in 1Q 2025)First quarter 2026 results: EPS: ₹1.67 (up from ₹1.65 in 1Q 2025). Revenue: ₹4.90b (flat on 1Q 2025). Net income: ₹801.0m (up 1.4% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jul 21RITES Limited to Report Q1, 2026 Results on Aug 06, 2025RITES Limited announced that they will report Q1, 2026 results on Aug 06, 2025
分析記事 • Jul 03These Return Metrics Don't Make RITES (NSE:RITES) Look Too StrongWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (94% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change).
分析記事 • May 20RITES Limited's (NSE:RITES) Shares Climb 26% But Its Business Is Yet to Catch UpDespite an already strong run, RITES Limited ( NSE:RITES ) shares have been powering on, with a gain of 26% in the last...
Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹8.01 (down from ₹9.48 in FY 2024). Revenue: ₹23.2b (down 5.3% from FY 2024). Net income: ₹3.85b (down 16% from FY 2024). Profit margin: 17% (down from 19% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • Apr 28RITES Limited to Report Q4, 2025 Results on May 14, 2025RITES Limited announced that they will report Q4, 2025 results on May 14, 2025
お知らせ • Apr 21Rites Limited Announces Board and Committee ChangesRITES Limited announced that The resignation tendered by Shri Arun Kumar Singh (DIN:09747776) Director (Projects) of the Company citing personal commitments, has been approved by the Competent Authority w.e.f. May 5, 2025 and communicated to the Company vide letter dated 21 April 2025. Consequently, he shall also cease to be Chairman of Risk Management Committee and Project Investment Committee as well as member of the Audit Committee of the Company w.e.f. May 5, 2025. The letter of resignation received from Shri Arun Kumar Singh is enclosed herewith. Deepak Tripathi (DIN: 10090267) currently serving as Director (Technical) of the Company with the additional charge of the post of Director (Projects) of the Company for a period of 6 months w.e.f. May 5, 2025 or till assumption of charge of the post by the regular incumbent or until further orders whichever is the earliest.
分析記事 • Mar 29RITES Limited (NSE:RITES) Shares Could Be 31% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, RITES fair value estimate is ₹326 Current share price of ₹223...
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 25%After last week's 25% share price gain to ₹256, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Professional Services industry in India. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹326 per share.
分析記事 • Mar 09Be Wary Of RITES (NSE:RITES) And Its Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
お知らせ • Mar 01RITES Limited Announces Senior Management ChangesRITES Limited announced that following changes have taken place in the Senior Management of the Company: Shri S. Sridhar, Dy. CVO and Vertical Head (Vigilance) has superannuated effective end of office hours on February 28, 2025 and thereby ceased to be among the Senior Management of the Company. Shri Abhas Kumar, GGM (Vigilance) has been designated as Dy. CVO and Vertical Head (Vigilance) effective March 1, 2025, and is thereby included in the Senior Management of the Company. Shri Abhas Kumar has done M. Tech in Transport Engineering and is a Associate Member of The Institute of Engineers. He has over 37 years of multi- disciplinary professional experience. He has been with RITES Limited since September 1987.
新しいナラティブ • Feb 23Record Backlog And Global Market Expansion Will Strengthen Future Outlook RITES' strategic focus on execution and order inflows has led to a strong order backlog, supporting potential future revenue growth.
分析記事 • Feb 18RITES Limited's (NSE:RITES) Business Is Yet to Catch Up With Its Share PriceWith a median price-to-earnings (or "P/E") ratio of close to 27x in India, you could be forgiven for feeling...
Major Estimate Revision • Feb 04Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹24.8b to ₹22.4b. EPS estimate also fell from ₹8.10 per share to ₹7.15 per share. Net income forecast to grow 1.3% next year vs 26% growth forecast for Professional Services industry in India. Consensus price target down from ₹327 to ₹266. Share price fell 6.5% to ₹233 over the past week.
分析記事 • Jan 31RITES Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedRITES Limited ( NSE:RITES ) shareholders are probably feeling a little disappointed, since its shares fell 2.3% to ₹258...
お知らせ • Jan 30RITES Limited Announces Executive ChangesRITES Limited informed that following changes have taken place in the Senior Management of the Company: Shri Surendra Singh Kshatriya, GGM (F&A) has been relieved from RITES Limited on January 30, 2025, afternoon to join as Director (Finance) of Mineral Exploration & Consultancy Limited (MECL) and thereby ceased to be among the Senior Management of the Company. Shri Satya Bhushan Samanta, GGM (FE) has been designated as Vertical Head (Finance) with effect from January 30, 2025, afternoon and is thereby included in the Senior Management of the Company. Shri Satya Bhushan Samanta is a qualified Cost and Management Accountant as well as a Chartered Accountant, and he has over 28 years of multi- disciplinary professional experience. He has been with RITES Limited since June 2016. Prior to joining RITES, he was with IREL(India) Limited, Department of Atomic Energy, Government of India and has held various key positions in Finance Department at its Kerala Mineral Division unit.
Reported Earnings • Jan 29Third quarter 2025 earnings released: EPS: ₹2.08 (vs ₹2.50 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.08 (down from ₹2.50 in 3Q 2024). Revenue: ₹6.14b (down 10% from 3Q 2024). Net income: ₹1.00b (down 17% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jan 28RITES Limited Approves Third Interim Dividend for the Financial Year 2024-25RITES Limited at the Board of Directors meeting held on January 28, 2025 approved declaration of (Third) interim dividend for the Financial Year 2024-25 at the rate of INR 1.90 per share (19.00% of paid-up share capital) of the Company. Further, the record date set for the purpose of payment of (third) interim dividend for Financial Year 2024-25 is February 01, 2025.
お知らせ • Jan 22RITES Limited Announces Executive ChangesRITES Limited announced amendments that following changes has taken place in the Senior Management of the Company: Shri M. L. Meena, GGM/Civil & RH (NRPO) transferred to RI Vertical Gurgaon effective January 22, 2025 and thereby ceased to be among the Senior Management of the Company. Shri Anoop Sharma, GGM/Civil is taking over charge as Regional Head/NRPO on transfer of Shri M. L. Meena, GGM/Civil to RI Vertical Gurgaon effective January 22, 2025 and is thereby included in the Senior Management of the Company. Details of Shri Anoop Sharma: He holds a B.E. in Civil Engineering from Kurukshetra University and Diploma in Civil Engineering. With over 27 years of extensive experience, he has specialized in PMC Construction, Supervision and Tendering. His career includes significant tenures at Braithwaite & Co., IRCON International, and RITES, where he contributed in the projects of EMRS schools (18 nos) & NVS schools (5 nos), TURA medical project, Tezu, Jorhat & Shillong airports buildings for north east civil projects in Assam, Mizoram, Manipur, Meghalaya & Tripura having total value of projects more than 1500 crs.
お知らせ • Jan 16RITES Limited to Report Q3, 2025 Results on Jan 28, 2025RITES Limited announced that they will report Q3, 2025 results on Jan 28, 2025
お知らせ • Jan 13Rites Limited Announces Cessation of Likha Togu as Non-Official Independent DirectorRITES Limited announced that Shri Likha Togu (DIN: 09470640) as Non-Official Independent Director on the Board of the Company has ended on January 13, 2025. List of Board of Directors of RITES Limited as on January 14, 2025 Shri Rahul Mithal Chairman & Managing Director, Shri Arun Kumar Singh Director (Projects), Dr. Deepak Tripathi Director (Technical), Shri Krishna Gopal Agarwal Director (Finance), Shri Sandeep Jain Government Nominee Director, Shri Shailendra Singh Government Nominee Director.
お知らせ • Dec 13RITES Limited Announces Management ChangesRITES Limited informed that following changes has taken place in the Senior Management of the Company: Shri Shrirang Dharmaji Kamble, GGM/Civil & WRPO repatriated to Ministry of Railways w.e.f. December 13, 2024 and thereby ceased to be among the Senior Management of the Company. Shri N D Patankar, GGM/Civil is taking over charge as Regional Head/WRPO on repatriation of Shri Shrirang Dharmaji Kamble, GGM/Civil to Ministry of Railways w.e.f. December 13, 2024 and is thereby included in the Senior Management of the Company. Shri N D Patankar holds a B.E. in Civil Engineering from SPCE, Mumbai, and an M. Tech in Construction Engineering and Management from I.I.T Delhi. With over 23 years of extensive experience, he has specialized in infrastructure project planning, implementation, monitoring, procurement, contract management, business development, and revenue generation. His career includes significant tenures at BARC, MMRDA, and RITES, where he contributed to residential, commercial, strategic, and metro rail projects. Notably, he has played a key role in planning and executing various metro lines in Mumbai, such as Line-2A, 2B, 4, and 4A. Before joining RITES, he served as a Class-1 Gazetted Officer at the Bhabha Atomic Research Centre for nearly 20 years.
分析記事 • Nov 28A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)Key Insights RITES' estimated fair value is ₹306 based on 2 Stage Free Cash Flow to Equity RITES' ₹291 share price...
Price Target Changed • Nov 20Price target decreased by 7.8% to ₹327Down from ₹354, the current price target is an average from 4 analysts. New target price is 19% above last closing price of ₹275. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₹9.20 for next year compared to ₹9.48 last year.
分析記事 • Nov 09RITES' (NSE:RITES) Dividend Is Being Reduced To ₹1.75RITES Limited ( NSE:RITES ) is reducing its dividend from last year's comparable payment to ₹1.75 on the 6th of...
お知らせ • Nov 08RITES Limited Announces Cessation of DirectorsRITES Limited informed that Hon'ble President of India through Ministry of Railways, Govt. of India order dated November 09, 2021 had appointed Dr. Godawari Mishra and Shri Laxman T. Tapashi as Non-Official Independent Director on the Board of the Company and subsequently appointment was also approved by the shareholders of the Company by passing special resolution through postal ballot. The company informed that the tenure of appointment of Dr. Godawari Mishra and Shri Laxman T. Tapashi as Non-Official Independent Director on the Board of the Company has ended on 8th November, 2024. Consequently, Dr. Godawari Mishra and Shri Laxman T. Tapashi have ceased to be Independent Director of the Company with effect from close of business hours on 8th November, 2024.
Declared Dividend • Nov 08Second quarter dividend of ₹1.75 announcedShareholders will receive a dividend of ₹1.75. Ex-date: 14th November 2024 Payment date: 6th December 2024 Dividend yield will be 4.9%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 07Second quarter 2025 earnings released: EPS: ₹1.52 (vs ₹2.11 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.52 (down from ₹2.11 in 2Q 2024). Revenue: ₹5.62b (down 3.5% from 2Q 2024). Net income: ₹729.8m (down 28% from 2Q 2024). Profit margin: 13% (down from 17% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
お知らせ • Nov 01RITES Limited Announces Executive ChangesRITES Limited announced following changes have taken place in the Senior Management of the Company: Shri Anjeev Kumar Jain, Executive Director (Finance) has been relieved from RITES Limited on November 01, 2024, afternoon to join as Director (Finance) of NBCC (India) Limited and thereby ceased to be among the Senior Management of the Company. Shri Surendra Singh Kshatriya, GGM (F&A) has been designated as Vertical Head (Finance) with effect from November 01, 2024, afternoon and is thereby included in the Senior Management of the Company. Shri Surendra Singh Kshatriya is a qualified Chartered Accountant and he has over 29 years of multi-disciplinary professional experience. He joined RITES Limited in August, 2022. Prior to joining RITES, he had a long stint of more than 26 years holding various key positions in Finance Department of Steel Authority of India Limited (SAIL). Shri Surendra Singh Kshatriya, is not related to any other Director/KMP of the Company.
お知らせ • Oct 22RITES Limited Announces Resignation of Dineshananda Goswami as Independent DirectorRITES Limited announced that Dr. Dineshananda Goswami, has tendered his resignation as the Independent Director of the Company, with effect from 22nd October, 2024, citing pre-occupation and other personal commitments. Consequently, he shall also cease to be Chairman of the Audit Committee and Risk Management Committee and member of Project Investment Committee of the Company.
お知らせ • Oct 17RITES Limited to Report Q2, 2025 Results on Nov 06, 2024RITES Limited announced that they will report Q2, 2025 results on Nov 06, 2024
Price Target Changed • Oct 10Price target increased by 30% to ₹459Up from ₹354, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ₹314. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₹9.65 for next year compared to ₹9.48 last year.
Upcoming Dividend • Sep 13Upcoming dividend of ₹5.00 per shareEligible shareholders must have bought the stock before 20 September 2024. Payment date: 12 October 2024. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (1.0%).
分析記事 • Sep 11RITES (NSE:RITES) Will Pay A Dividend Of ₹5.00The board of RITES Limited ( NSE:RITES ) has announced that it will pay a dividend of ₹5.00 per share on the 12th of...
分析記事 • Sep 06RITES Limited's (NSE:RITES) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights RITES to hold its Annual General Meeting on 12th of September CEO Rahul Mithal's total compensation...
分析記事 • Aug 17RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00The board of RITES Limited ( NSE:RITES ) has announced that it will pay a dividend of ₹5.00 per share on the 12th of...
お知らせ • Aug 16RITES Limited, Annual General Meeting, Sep 12, 2024RITES Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time.
Declared Dividend • Aug 16Dividend of ₹5.00 announcedShareholders will receive a dividend of ₹5.00. Ex-date: 20th September 2024 Payment date: 12th October 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.8% to bring the payout ratio under control. EPS is expected to grow by 87% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Major Estimate Revision • Aug 07Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₹25.70 to ₹19.30 per share. Revenue forecast steady at ₹25.7b. Net income forecast to grow 15% next year vs 21% growth forecast for Professional Services industry in India. Consensus price target down from ₹755 to ₹709. Share price fell 2.5% to ₹697 over the past week.
分析記事 • Aug 03RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50RITES Limited's ( NSE:RITES ) dividend is being reduced from last year's payment covering the same period to ₹2.50 on...
Declared Dividend • Aug 02First quarter dividend of ₹2.50 announcedShareholders will receive a dividend of ₹2.50. Ex-date: 8th August 2024 Payment date: 30th August 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.8% to bring the payout ratio under control. EPS is expected to grow by 23% over the next year, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Aug 01RITES Limited Announces Executive ChangesRITES Limited announced that following changes have taken place in the Senior Management of the Company: Shri Vijay Kumar (Vertical Head, Highways) has superannuated on 31 July 2024 and thereby ceased to be among the Senior Management of the company; Shri Rajesh Naik has been designated as Vertical Head, Highways with effect from 1 August 2024 and is thereby included in the Senior Management of the company. Shri Rajesh Naik is Graduated in Civil Engineering in 1992 from Karnataka University. He is having 32 years of extensive professional and academic experience in various Design of Roads and Construction Supervision, Project Preparation and Execution in the field of roads, highway, Border fencing and Railway projects in India and overseas. Further development of port structure preparation of DPR &TEFR for Railway, Flyover & Mechanised Cargo Handling. He is responsible for Construction & Supervision, Project Program and planning & Preparation activities involving soil and material survey, Road inventories, establishing quality control test standards and procedures for construction, field checking and control of materials and works in conformity with the specification and quality standards, checking of bills and claims, certification on quality of works, preparation and review of soil and material report, Construction methodology, Quantity survey and Cost Analysis. Shri Rajesh Naik is not related to any other director of the company.
Reported Earnings • Aug 01First quarter 2025 earnings released: EPS: ₹3.29 (vs ₹4.49 in 1Q 2024)First quarter 2025 results: EPS: ₹3.29 (down from ₹4.49 in 1Q 2024). Revenue: ₹4.86b (down 11% from 1Q 2024). Net income: ₹790.2m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.
お知らせ • Jul 31RITES Limited Approves First Interim Dividend for the Financial Year 2024-2025RITES Limited announced that at its board meeting held on July 31, 2024, approved first interim dividend for the financial year 2024-2025 at the rate of INR 2.50 per share (25% of paid-up share capital) of the company. Further, the record date set for the purpose of payment of first interim dividend for financial year 2024-2025 is August 8, 2024.
Buy Or Sell Opportunity • Jul 31Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at ₹715. The fair value is estimated to be ₹920, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 147% Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).
お知らせ • Jul 23RITES Limited to Report Q1, 2025 Results on Jul 31, 2024RITES Limited announced that they will report Q1, 2025 results on Jul 31, 2024
Buy Or Sell Opportunity • Jul 09Now 21% undervaluedOver the last 90 days, the stock has risen 9.0% to ₹743. The fair value is estimated to be ₹935, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹607, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Professional Services industry in India. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹844 per share.
Major Estimate Revision • Jun 04Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₹30.6b to ₹25.8b. EPS estimate unchanged from ₹25.70 per share at last update. Professional Services industry in India expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at ₹738. Share price fell 12% to ₹624 over the past week.
Buy Or Sell Opportunity • Jun 04Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ₹624. The fair value is estimated to be ₹845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
お知らせ • May 30RITES Limited Recommends Dividend for the Financial Year 2023-24RITES Limited Recommended Dividend of INR 5.00/- per share (i.e. 50%) on 240,301,887 equity shares of face value of INR 10/each of the Company for the financial year 2023-24, subject To Approve the same by the Shareholders in the upcoming 50th Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed thereunder.
お知らせ • May 29RITES Limited Announces Management ChangesRITES Limited informed that following changes have taken place in the Senior Management of the Company: Shri Pankaj Chaudhary, GGM/Civil & RH/ERPO transferred from ERPO/Kolkata to S&CC/Gurugram as Vertical Head (S&CC) and shall be designated as Chief Strategy Officer (CSO). Shri Rajiv Kumar Sinha, GGM/Civil & PU Head/Kolkata transferred from PU Kolkata to ERPO/Kolkata as Regional Head (ERPO). Shri Pankaj Chaudhary has multi-disciplinary professional experience of more than 24 years. He has graduated in Civil Engineering from IIT, Banaras Hindu University and has done Master of Engineering from IIT, University of Roorkee. He was Regional Head of ERPO of RITES and presently posted as Vertical Head (S&CC) and Chief Strategy Officer of the Company. Prior to joining of RITES Limited, he had work for Military Engineering Services. Shri Rajiv Kumar Sinha has overall professional experience of more than 36 years. He has done B.Sc. Engineering from Patna University. He had joined RITES Limited in March 1997. He was PU Head/Kolkata and now transferred to ERPO/Kolkata as Regional Head (ERPO). Prior to joining of RITES Limited, he had work for Ashika Construction Private Limited,Laxmi Narayan Verma Agency and Creative Planner. Date of appointment is May 28, 2024.
Reported Earnings • May 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹18.95 (down from ₹22.56 in FY 2023). Revenue: ₹25.4b (down 3.4% from FY 2023). Net income: ₹4.55b (down 16% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 26A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)Key Insights The projected fair value for RITES is ₹843 based on 2 Stage Free Cash Flow to Equity RITES' ₹735 share...
お知らせ • May 17RITES Limited to Report Q4, 2024 Results on May 28, 2024RITES Limited announced that they will report Q4, 2024 results on May 28, 2024
Buy Or Sell Opportunity • May 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₹675. The fair value is estimated to be ₹844, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 27% to ₹665. The fair value is estimated to be ₹836, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
分析記事 • Apr 02Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Mar 28RITES Limited Appoints Shailendra Singh as Government Nominee DirectorRITES Limited announced that Ministry of Railways has nominated Shri Shailendra Singh, Principal Executive Director/ME (EnHM & Project), Railway Board as part time Government Nominee Director of the Company till he holds the post of Principal Executive Director/ME (EnHM & Project), Railway Board or until further orders, whichever is earlier. The Board of Directors has passed the resolution for the appointment of Shri Shailendra Singh, as an additional Director (Government Nominee Director) through resolution by circulation on March 27, 2024. Shri Shailendra Singh, an IRSME Officer of 1989 batch, mechanical engineer and holding graduate degree in Mechanical Engineering from G.B. Pant University Pantnagar and an M.Tech in Production Engineering from IIT Delhi. Shri Shailendra Singh is currently serving as the Principal Executive Director of Environment and Project at the Railway Board. He embarked on his career journey in 1994 as an Assistant Mechanical Engineer in the Dhanbad Division of Eastern Railway. He has an illustrious career spanning more than 30 years in Indian Railways and has held key introducing concepts like crashworthiness and Centre Buffer Coupler, enhancing the periodicity of ICF coaches' maintenance, and developing various innovative solutions for passenger safety and comfort. During his tenure at the Railway Board, he led teams in conceptualizing and introducing new train services and coach designs, including Humsafar, Tejas, Antyodaya trains, and Anubhuti, Vistadome, and Deen Dayalu coaches. He played a pivotal role in standardizing safety features across coaches, piloting initiatives for bio- toilets, and overseeing the introduction of Mahamana Trains with world-class interiors.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹586, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 31x in the Professional Services industry in India. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹827 per share.
Buy Or Sell Opportunity • Mar 13Now 29% undervaluedOver the last 90 days, the stock has risen 14% to ₹586. The fair value is estimated to be ₹827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
お知らせ • Feb 28RITES Limited Announces Company Secretary and Compliance Officer ChangesRITES Limited passed the resolution for appointment of Mr. Ashok Mishra, a fellow member of The Institute of Company Secretaries of India as Company Secretary and Compliance Officer of the Company in place of Shri Nikhil Agarwal, DGM (Finance & CS) effective February 28, 2024. This is to further inform that Shri Nikhil Agarwal ceased to be the Company Secretary and Compliance Officer of the Company effective February 28, 2024.
分析記事 • Feb 23RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With EarningsRITES Limited ( NSE:RITES ) shares have continued their recent momentum with a 32% gain in the last month alone. The...
Price Target Changed • Feb 05Price target increased by 43% to ₹694Up from ₹486, the current price target is an average from 4 analysts. New target price is 7.3% below last closing price of ₹749. Stock is up 127% over the past year. The company is forecast to post earnings per share of ₹20.35 for next year compared to ₹22.56 last year.
分析記事 • Feb 05Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%RITES Limited ( NSE:RITES ) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to ₹701...
Reported Earnings • Feb 03Third quarter 2024 earnings released: EPS: ₹5.00 (vs ₹5.83 in 3Q 2023)Third quarter 2024 results: EPS: ₹5.00 (down from ₹5.83 in 3Q 2023). Revenue: ₹6.83b (flat on 3Q 2023). Net income: ₹1.20b (down 14% from 3Q 2023). Profit margin: 18% (down from 21% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Feb 03Third quarter dividend of ₹4.75 announcedShareholders will receive a dividend of ₹4.75. Ex-date: 9th February 2024 Payment date: 2nd March 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 25% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10.0% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Feb 02RITES Limited Announces Change in ManagementRITES Limited announced that following changes have taken place in the Senior Management of the Company. Shri Debasish Majumdar (Vertical Head/Technical Services) has superannuated on 31 January 2024 (from closure of business hours) and thereby ceased to be among the Senior Management of the Company. Shri Sandeep Jain (ED/Mech) has been designated as Vertical Head/Technical Services and is thereby included in the Senior Management of the Company. Mr. Sandeep Jain, a graduate in Mech. Engg and Post Graduate in Thermal Engg from IIT/Delhi in 1989 & 1991 respectively. He is also an MBA (Finance). He joined Indian Railways in 1991 (IRSME 1991 Batch) and has worked in different capacities as Nodal officer in Railway Board on Disaster Management. He was also a Nodal Officer in manufacturing of LHB Coaches at RCF/Kapurthala. Incharge of Diesel Shed Shakurbasti developed facilities for DEMU maintenance. Under his supervision, CNG and biodiesel was introduced first time in Indian Railways. After serving for 21 years, has joined RITES on deputation in November, 2013 and took absorption in December, 2017 in RITES. He has rich professional experience of nearly 32 years in various fields which includes Operation & Maintenance, Safety, Manufacturing, Product Development, Wet Leasing, Export of Rolling Stock, Quality Assurance, Inspection, Development of digital platforms, Installation & Commissioning of Machine & Plants, Setting up of Infrastructure projects, People management, Business Development etc. He has worked in various positions in RITES in the capacity of GGM/SBU Head (QA), GM (Expotech & S&CC) etc. He is presently working as Vertical Head/TS and has also been appointed as Nominee Director in SRBWIPL,a Joint Venture of SAIL & RITES. He has been responsible for various projects in RES Division performing duties as Strategic Business Unit Head of Railway Equipment Services (RES) which deals with Loco leasing and O&M of Rail assets by running the mini-railway system at sites such as power plants, coal mines, steel plants, container depots, ports etc and ensured overall management/administration of RES Sub Unit having 43 sites for O&M, leasing of 74 nos. of locos on 33 sites across India, and 05 infrastructure projects i.e. Setting up of Workshops & maintenance facilities for wagons, coaches, DEMU/MEMU etc. across India. He ensured diversification of Loco leasing business with comprehensive AMC of yard including loco, track OHE, S&T etc. in one package for clients. In QA vertical also he was instrumental in increasing turnover from about 115 crore in 2013-14 to 391 crore in year 2022-23. In Expotech Divison, prestigious order from CFM, Mozambique of 6 Locomotives, 60 loco hauled coaches & 5 DEMU sets comprising of 6 coaches. Under his leadership, RES Vertical secured the "Best Business Vertical Award (Golden trophy)" for the year 2022-2023.
お知らせ • Feb 01RITES Limited Declares Third Interim Dividend for the Financial Year 2023-24The Board of Directors of RITES Limited at their meeting held on February 01, 2024 have declared Third Interim Dividend for the Financial Year 2023-24 at the rate of INR 4.75 per share (47.5% of paid up share capital of the company). The Record Date set for the purpose of payment of Third Interim Dividend for Financial Year 2023-24 is February 09, 2024.
New Risk • Jan 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 111% Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).
Buy Or Sell Opportunity • Jan 23Now 27% undervaluedOver the last 90 days, the stock has risen 24% to ₹564. The fair value is estimated to be ₹775, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.3%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹629, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹777 per share.
