RITES Limited Share Price and Company Fundamentals



Price
₹235.9
Change
-0.050 (-0.021%)
52 week
226.2 - 317.9

Last traded: Today at 4:40 AM

RITES Limited, together with its subsidiaries, provides consultancy, engineering, and project management services in the field of railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable energy. The company operates through four segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and spares; and Turnkey Construction Projects. It is involved in the survey and feasibility studies, detailed design and engineering, project management consultancy, third party inspection, quality assurance, construction supervision, leasing and export of locomotives and rolling stock, and energy management activities; and operation, maintenance, and rehabilitation of locomotives and rolling stock. The company also constructs railway infrastructure; undertakes electrification works and modernization of railway workshops on a turnkey basis, and civil construction works; and generates power from wind mills and solar energy plants. In addition, it offers services in the field of architecture and planning, bridges and tunnel engineering, environmental/urban engineering, electrical engineering, financial management, geo-technology, industrial engineering, information technology, materials system management, privatization and concession projects, railway electrification, rolling stock design, signal and telecommunication, surveys, and training programs. The company serves governments, public sector undertakings, corporations and industrial establishments, private enterprises, and other Apex organizations in India, Asia, Africa, and the United States. RITES Limited was incorporated in 1974 and is based in Gurugram, India.

Key Metrics

PE ratio

11.12

PB ratio

2.31

Dividend yield

7.20%

Beta

0.15

Market cap

-

Enterprise value

-

Company profile

Industry / SectorEngineering & Construction / Industrials
Websitehttps://www.rites.com
Mailing addressRITES Bhawan Plot No.1 Sector-29 Gurugram 122001 India
Phone / Fax91 12 4257 1666 / 91 12 4257 1660

Dividends

Dividend yield

7.20%

Dividend amount

₹17.00

Payout ratio

81.43%

RITES Limited paid ₹17.00 dividend and the ex-dividend date was 24 Mar 2022.The dividend payout ratio is 81.43%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.RITES dividend payout ratio is between 70-90%. The lower dividend payout ratio is preferrable since it provides company margin to grow the dividends in future.

RITES's forward dividend amount is ₹17.5 and the forward dividend yield is 7.32%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on RITES Limited.

NameTitleAgeTotal Pay
Mr. Bibhu Prasad NayakCFO, Director of Fin. & Whole-Time Director585.27M
Mr. Anil VijDirector of Technical & Whole-Time Director596.6M
Mr. Gopi Sureshkumar VaradarajanDirector of Projects & Director586.22M
Mr. Rahul MithalChairman, MD & CEO54
Mr. Joshit Ranjan SikidarGM of Fin., Company Sec. & Compliance Officer
Mr. A. K. Poddar IPoSChief Vigilance Officer
Mr. Virendra SinghExec. Director of Expotech
Mr. Piyush KansalExec. Director of Urban Infra
Mr. Ved PrakashBR Head & Exec. Director of Corp. Services
Mr. S.C. SinghalExec. Director of Quality Assurance

Profitability and management effectiveness

Profit margin

19.40%

Operating margin

24.73%

Return on assets

7.06%

Return on equity

21.23%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of RITES Limited is and its enterprise value is .

The RITES's stocks Beta value is 0.15 making it 85% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

RITES Limited (NSE:RITES) Frequently Asked Questions

1. What is RITES Limited's Stock Symbol?

RITES Limited trades on NSE under the ticker symbol "RITES".

2. What is RITES Limited's stock price today?

One share of RITES stock can currently be purchased for approximately ₹235.9.

3. How can I contact RITES Limited?

RITES Limited's mailing address is RITES Bhawan Plot No.1 Sector-29 Gurugram 122001 India. The company can be reached via phone at 91 12 4257 1666.

4. What is RITES Limited's official website?

The official website of RITES Limited is https://www.rites.com.