RITES Limited

NSEI:RITES Stock Report

Market Cap: ₹109.5b

RITES Balance Sheet Health

Financial Health criteria checks 6/6

RITES has a total shareholder equity of ₹26.9B and total debt of ₹101.4M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹59.3B and ₹32.4B respectively. RITES's EBIT is ₹4.4B making its interest coverage ratio -6.6. It has cash and short-term investments of ₹8.5B.

Key information

0.4%

Debt to equity ratio

₹101.40m

Debt

Interest coverage ratio-6.6x
Cash₹8.48b
Equity₹26.93b
Total liabilities₹32.39b
Total assets₹59.32b

Recent financial health updates

No updates

Recent updates

RITES Limited (NSE:RITES) Shares Could Be 31% Below Their Intrinsic Value Estimate

Mar 29
RITES Limited (NSE:RITES) Shares Could Be 31% Below Their Intrinsic Value Estimate

Be Wary Of RITES (NSE:RITES) And Its Returns On Capital

Mar 09
Be Wary Of RITES (NSE:RITES) And Its Returns On Capital
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Record Backlog And Global Market Expansion Will Strengthen Future Outlook

Feb 23 RITES' strategic focus on execution and order inflows has led to a strong order backlog, supporting potential future revenue growth.

RITES Limited's (NSE:RITES) Business Is Yet to Catch Up With Its Share Price

Feb 18
RITES Limited's (NSE:RITES) Business Is Yet to Catch Up With Its Share Price

RITES Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Jan 31
RITES Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

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

Nov 28
A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)

RITES' (NSE:RITES) Dividend Is Being Reduced To ₹1.75

Nov 09
RITES' (NSE:RITES) Dividend Is Being Reduced To ₹1.75

RITES (NSE:RITES) Will Pay A Dividend Of ₹5.00

Sep 11
RITES (NSE:RITES) Will Pay A Dividend Of ₹5.00

RITES Limited's (NSE:RITES) CEO Compensation Looks Acceptable To Us And Here's Why

Sep 06
RITES Limited's (NSE:RITES) CEO Compensation Looks Acceptable To Us And Here's Why

RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00

Aug 17
RITES (NSE:RITES) Is Due To Pay A Dividend Of ₹5.00

RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50

Aug 03
RITES (NSE:RITES) Has Announced That Its Dividend Will Be Reduced To ₹2.50

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

May 26
A Look At The Intrinsic Value Of RITES Limited (NSE:RITES)

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

Apr 02
Here's What To Make Of RITES' (NSE:RITES) Decelerating Rates Of Return

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

Feb 23
RITES Limited's (NSE:RITES) 32% Price Boost Is Out Of Tune With Earnings

Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%

Feb 05
Revenue Beat: RITES Limited Beat Analyst Estimates By 6.1%

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

Jan 05
RITES Limited's (NSE:RITES) Low P/E No Reason For Excitement

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

Dec 12
Return Trends At RITES (NSE:RITES) Aren't Appealing

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

Oct 28
Calculating The Intrinsic Value Of RITES Limited (NSE:RITES)

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

Aug 31
The Trend Of High Returns At RITES (NSE:RITES) Has Us Very Interested

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

Jul 31
RITES' (NSE:RITES) Dividend Is Being Reduced To ₹3.75

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

Jul 13
A Look At The Fair Value Of RITES Limited (NSE:RITES)

Financial Position Analysis

Short Term Liabilities: RITES's short term assets (₹47.0B) exceed its short term liabilities (₹29.9B).

Long Term Liabilities: RITES's short term assets (₹47.0B) exceed its long term liabilities (₹2.5B).

Debt to Equity History and Analysis

Debt Level: RITES has more cash than its total debt.

Reducing Debt: RITES's debt to equity ratio has reduced from 1.3% to 0.4% over the past 5 years.

Debt Coverage: RITES's debt is well covered by operating cash flow (4558.8%).

Interest Coverage: RITES earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 07:53
End of Day Share Price 2025/05/05 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RITES Limited is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Kunal ShethBatlivala & Karani Securities India Pvt. Ltd.
Shreyans MehtaEquirus Securities Private Limited