RITES Future Growth

Future criteria checks 4/6

RITES is forecast to grow earnings and revenue by 18.9% and 16.3% per annum respectively. EPS is expected to grow by 18.7% per annum. Return on equity is forecast to be 23.1% in 3 years.

Key information

18.9%

Earnings growth rate

18.7%

EPS growth rate

Professional Services earnings growth	17.7%
Revenue growth rate	16.3%
Future return on equity	23.1%
Analyst coverage	Low
Last updated	05 Feb 2024

Recent future growth updates

Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%

Feb 05

Recent updates

Earnings Update: RITES Limited Beat Earnings And Now Analysts Have New Forecasts For This Year

May 27

Are Investors Undervaluing RITES Limited (NSE:RITES) By 49%?

May 13

RITES (NSE:RITES) Knows How To Allocate Capital Effectively

Jan 06

Robust Earnings May Not Tell The Whole Story For RITES (NSE:RITES)

Nov 18

Investors Met With Slowing Returns on Capital At RITES (NSE:RITES)

Oct 06

Is RITES (NSE:RITES) A Risky Investment?

Sep 02

Estimating The Fair Value Of RITES Limited (NSE:RITES)

Jun 07

Is RITES Limited (NSE:RITES) At Risk Of Cutting Its Dividend?

May 11

RITES (NSE:RITES) Has More To Do To Multiply In Value Going Forward

Apr 09

Earnings and Revenue Growth Forecasts

NSEI:RITES - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	35,314	7,016	10,732	N/A	2
3/31/2025	30,583	5,990	7,456	N/A	2
3/31/2024	25,446	4,924	3,141	N/A	2
12/31/2023	24,964	4,613	N/A	N/A	N/A
9/30/2023	24,909	4,813	4,458	5,681	N/A
6/30/2023	25,676	5,125	N/A	N/A	N/A
3/31/2023	26,283	5,420	4,242	5,598	N/A
12/31/2022	27,075	5,468	N/A	N/A	N/A
9/30/2022	28,053	5,454	4,690	6,190	N/A
6/30/2022	29,118	5,819	N/A	N/A	N/A
3/31/2022	26,618	5,164	1,678	3,096	N/A
12/31/2021	24,830	5,174	N/A	N/A	N/A
9/30/2021	21,986	4,810	-106	1,194	N/A
6/30/2021	18,788	4,416	N/A	N/A	N/A
3/31/2021	19,053	4,324	4,359	5,157	N/A
12/31/2020	18,035	4,294	N/A	N/A	N/A
9/30/2020	19,740	4,779	3,498	4,099	N/A
6/30/2020	22,813	5,809	N/A	N/A	N/A
3/31/2020	24,835	6,161	2,045	3,170	N/A
12/31/2019	26,488	6,195	N/A	N/A	N/A
9/30/2019	25,639	6,054	914	2,590	N/A
6/30/2019	22,606	4,805	N/A	N/A	N/A
3/31/2019	20,553	4,695	119	1,636	N/A
12/31/2018	18,694	4,389	N/A	N/A	N/A
9/30/2018	17,067	4,017	677	1,695	N/A
6/30/2018	15,513	3,617	N/A	N/A	N/A
3/31/2018	15,065	3,425	3,482	4,100	N/A
3/31/2017	13,655	3,285	N/A	5,551	N/A
3/31/2016	10,906	2,814	N/A	637	N/A
3/31/2015	10,253	3,030	N/A	-939	N/A
3/31/2014	10,970	2,601	N/A	3,334	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RITES's forecast earnings growth (18.9% per year) is above the savings rate (6.7%).

Earnings vs Market: RITES's earnings (18.9% per year) are forecast to grow faster than the Indian market (17.5% per year).

High Growth Earnings: RITES's earnings are forecast to grow, but not significantly.

Revenue vs Market: RITES's revenue (16.3% per year) is forecast to grow faster than the Indian market (10% per year).

High Growth Revenue: RITES's revenue (16.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RITES's Return on Equity is forecast to be high in 3 years time (23.1%)

RITES Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 43% to ₹694

Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%

Price target increased by 14% to ₹417

Price target decreased by 7.1% to ₹355

Consensus forecasts updated

Price target decreased to ₹306

Recent updates

Now 20% undervalued

Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of Return

RITES Limited Appoints Shailendra Singh as Government Nominee Director

Investor sentiment deteriorates as stock falls 21%

Now 29% undervalued

RITES Limited Announces Company Secretary and Compliance Officer Changes

RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With Earnings

Price target increased by 43% to ₹694

Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%

Third quarter 2024 earnings released: EPS: ₹5.00 (vs ₹5.83 in 3Q 2023)

Third quarter dividend of ₹4.75 announced

RITES Limited Announces Change in Management

RITES Limited Declares Third Interim Dividend for the Financial Year 2023-24

New minor risk - Share price stability

Now 27% undervalued

Investor sentiment improves as stock rises 21%

RITES Limited to Report Q3, 2024 Results on Feb 01, 2024

RITES Limited's (NSE:RITES) Low P/E No Reason For Excitement

RITES Limited Relieves Shri Manobendra Ghoshal as Chief Strategy Officer

Return Trends At RITES (NSE:RITES) Aren't Appealing

RITES Limited Announces Change in Management

RITES Limited Announces Executive Changes

RITES Limited Approves Dividend

Second quarter 2024 earnings released: EPS: ₹4.21 (vs ₹5.51 in 2Q 2023)

Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)

RITES Limited Announces Executive Changes

RITES Limited to Report Q2, 2024 Results on Oct 31, 2023

Rites Limited Announces Executive Changes

Upcoming dividend of ₹6.00 per share at 4.0% yield

The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested

RITES Limited, Annual General Meeting, Sep 15, 2023

Price target increased by 14% to ₹417

Upcoming dividend of ₹3.75 per share at 4.4% yield

RITES' (NSE:RITES) Dividend Is Being Reduced To ₹3.75

First quarter 2024 earnings released: EPS: ₹4.49 (vs ₹5.72 in 1Q 2023)

RITES Limited Approves First Interim Dividend for the Financial Year 2023-2024

Investor sentiment improves as stock rises 17%

RITES Limited to Report Q1, 2024 Results on Jul 28, 2023

A Look At The Fair Value Of RITES Limited (NSE:RITES)

Price target decreased by 7.1% to ₹355

RITES Limited Recommends Final Dividend for the Financial Year 2022-23

Full year 2023 earnings: EPS and revenues miss analyst expectations

RITES (NSE:RITES) Is Achieving High Returns On Its Capital

Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)

Now 21% undervalued

Now 22% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: ₹5.83 (vs ₹5.77 in 3Q 2022)

RITES Limited Declares Third Interim Dividend for Financial Year 2022-23

RITES Limited to Report Q3, 2023 Results on Feb 09, 2023

RITES (NSE:RITES) Is Paying Out A Larger Dividend Than Last Year

Second quarter 2023 earnings released: EPS: ₹5.51 (vs ₹7.03 in 2Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: ₹5.51 (vs ₹7.03 in 2Q 2022)

RITES Limited Declares Second Interim Dividend for the Financial Year 2022-23

RITES Limited to Report Q2, 2023 Results on Nov 10, 2022

The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested

Investor sentiment improved over the past week

Is RITES (NSE:RITES) A Risky Investment?

RITES Limited Appoints Arun Kumar Singh as Director (Projects)

Upcoming dividend of ₹3.50 per share

RITES Limited, Annual General Meeting, Sep 16, 2022

RITES Limited, Annual General Meeting, Sep 16, 2022

RITES Limited Announces Board Changes

First quarter 2023 earnings released: EPS: ₹5.72 (vs ₹3.00 in 1Q 2022)

RITES Limited Declares First Interim Dividend for the Financial Year 2023, Payable on August 05, 2022

RITES (NSE:RITES) Is Achieving High Returns On Its Capital

RITES Limited to Report Q1, 2023 Results on Jul 28, 2022

RITES Limited Approves Appointment of Shri Raj Kumar Mangla as Part-Time Government Nominee Director

Consensus forecasts updated