RITES
₹353.9
3.45 (0.98%)
  • Advice
  • Hold
As on 22 March, 2023 | 02:07 BSE: 541556 NSE: RITES

Rites Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Start SIP in Rites

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Rites Share Price

  • Over 1 Month 9.84%
  • Over 3 Month 6.28%
  • Over 6 Month 19.84%
  • Over 1 Year 34.33%

Rites Key Statistics

P/E Ratio 15.6
PEG Ratio 2.7
Market Cap Cr 8,504
Price to Book Ratio 3.3
EPS 20.6
Dividend 7.2
Relative Strength Index 55.38
Money Flow Index 82.65
MACD Signal 3.72
Average True Range 12.62

Rites Investment Rating

  • Master Rating:
  • Rites has an operating revenue of Rs. 2,707.48 Cr. on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 28% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 10% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 18% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 61 which is a FAIR score but needs to improve its earnings, a RS Rating of 81 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 41 indicates it belongs to a fair industry group of Comml Svcs-Outsourcing and a Master Score of B is close to being the best. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Rites Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 651632578744
Operating Expenses Qtr Cr 480474422557
Operating Profit Qtr Cr 171158156187
Depreciation Qtr Cr 17151323
Interest Qtr Cr 2111
Tax Qtr Cr 46424453
Net Profit Qtr Cr 132131129130

Rites Technicals

EMA & SMA

Current Price
₹353.9
3.45 (0.98%)
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 345.89
  • 50 Day
  • 342.77
  • 100 Day
  • 339.31
  • 200 Day
  • 324.2
  • 20 Day
  • 342.73
  • 50 Day
  • 338.58
  • 100 Day
  • 352.22
  • 200 Day
  • 317.25

Rites Resistance and Support

PIVOT
₹351.42
Resistance
First Resistance 354.84
Second Resistance 359.22
Third Resistance 362.64
RSI 55.38
MFI 82.65
MACD Single Line 3.72
MACD 4.32
Support
First Resistance 347.04
Second Resistance 343.62
Third Resistance 339.24

Rites Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 388,274 11,391,959 29.34
Week 312,613 9,712,880 31.07
1 Month 561,662 15,524,338 27.64
6 Month 1,152,196 29,404,031 25.52

Rites Result Highlights

Rites Synopsis

NSE-Comml Svcs-Outsourcing

Rites Ltd. is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs. 2575.16 Cr. and Equity Capital is Rs. 240.30 Cr. for the Year ended 31/03/2022. Rites Ltd. is a Public Limited Listed company incorporated on 26/04/1974 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1974GOI007227 and registration number is 007227.
Market Cap 8,504
Sales 2,605
Shares in Float 6.73
No of funds 126
Yield 5.14
Book Value 3.53
U/D Vol ratio 1.8
LTDebt / Equity
Alpha 0.15
Beta 0.64

Rites

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 72.2%72.2%72.2%
Mutual Funds 6.42%7.68%7.25%
Insurance Companies 9.36%9.64%9.72%
Foreign Portfolio Investors 2.61%2.35%1.48%
Financial Institutions/ Banks 0.25%0.28%
Individual Investors 6.99%5.57%6.59%
Others 2.42%2.31%2.48%

Rites Management

Name Designation
Mr. Rahul Mithal Chairman & Managing Director
Mr. Anil Vij Director - Technical
Mr. Bibhu Prasad Nayak Director - Finance & CFO
Mr. Vinay Srivastava Director
Mr. Gopi Suresh Kumar Varadarajan Director - Projects
Mr. Sandeep Jain Director
Mr. R K Mangla Director
Mr. Godawari Mishra Director
Mr. Laxman Tammanna Tapashi Director
Mr. Dineshananda Goswam Director
Mr. Likha Togu Director

Rites Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Rites MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 51042
Nippon India Small Cap Fund - Growth 23910
Nippon India Multi Cap Fund - Growth 14092
Nippon India Value Fund - Growth 4642
Nippon India Retirement Fund - Wealth Creation Scheme - Regular Growth 2233

Rites FAQs

What is Share Price of Rites ?

Rites share price is ₹353 As on 22 March, 2023 | 01:53

What is the Market Cap of Rites ?

The Market Cap of Rites is ₹8504.3 Cr As on 22 March, 2023 | 01:53

What is the P/E ratio of Rites ?

The P/E ratio of Rites is 15.6 As on 22 March, 2023 | 01:53

What is the PB ratio of Rites ?

The PB ratio of Rites is 3.3 As on 22 March, 2023 | 01:53

Q2FY23

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