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    3. Rites Share Price

    Rites Share PriceRites

    Mid Cap 8.2k Result
    ₹467.85
    -2.15 (-0.46%)
    • Advice
    • Hold
    As on 01 December, 2023 | 22:08 BSE: 541556 NSE: RITESISIN: INE320J01015

    Rites Performance

    Day Range

    • Low 465.05
    • High 476.05
    ₹ 467.85

    52 Week Range

    • Low 305.60
    • High 584.00
    ₹ 467.85
    • Open Price470.95
    • Previous Close470.00
    • Volume402303

    Start SIP in Rites

    Start SIP

    Rites Share Price

    • Over 1 Month 5.69%
    • Over 3 Month -8.28%
    • Over 6 Month 22.78%
    • Over 1 Year 25.24%

    Rites Key Statistics

    P/E Ratio 23
    PEG Ratio -2.2
    Market Cap Cr 11,243
    Price to Book Ratio 4.1
    EPS 22
    Dividend 4.3
    Relative Strength Index 51.4
    Money Flow Index 80.94
    MACD Signal -1.61
    Average True Range 14.05

    Rites Investment Rating

    • Master Rating:

    • Rites has an operating revenue of Rs. 2,490.86 Cr. on a trailing 12-month basis. An annual revenue de-growth of -1% needs improvement, Pre-tax margin of 29% is great, ROE of 20% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 47 which is a POOR score indicating inconsistency in earnings, a RS Rating of 46 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 95 indicates it belongs to a poor industry group of Comml Svcs-Outsourcing and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Rites Financials
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 549504659651632578744
    Operating Expenses Qtr Cr 439377489480474422557
    Operating Profit Qtr Cr 111126170171158156187
    Depreciation Qtr Cr 12141517151323
    Interest Qtr Cr 1122111
    Tax Qtr Cr 32334646424453
    Net Profit Qtr Cr 11796138132131129130
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 2,6392,661
    Operating Expenses Annual Cr 1,8641,923
    Operating Profit Annual in Cr 655652
    Depreciation Cr 5958
    Interest Annual Cr 75
    Tax Annual Cr 178177
    Net Profit Annual Cr 531497
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 471291
    Cash from Investing Activity Annual Cr 470
    Cash from Financing Annual Activity Cr -438-426
    Net Cash Flow Annual Cr 37-65
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 2,5032,399
    Fixed Assets Annual Cr 487451
    Total Non Current Assets Annual Cr 1,0331,035
    Total Current Assets Annual Cr 4,7204,563
    Total Assets Annual Cr 5,7535,597
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 104100
    ROE Annual % 2121
    ROCE Annual % 2626
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3129
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 582544687677659605766
    Operating Expenses Qtr Cr 445383495484478426562
    Operating Profit Qtr Cr 138161192193181179204
    Depreciation Qtr Cr 14161719171524
    Interest Qtr Cr 1122112
    Tax Qtr Cr 40435252485058
    Net Profit Qtr Cr 101108139140132138137
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 2,7302,745
    Operating Expenses Annual Cr 1,8831,938
    Operating Profit Annual in Cr 745724
    Depreciation Cr 6766
    Interest Annual Cr 77
    Tax Annual Cr 203197
    Net Profit Annual Cr 542516
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 560310
    Cash from Investing Activity Annual Cr -1553
    Cash from Financing Annual Activity Cr -483-440
    Net Cash Flow Annual Cr 62-78
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 2,6042,489
    Fixed Assets Annual Cr 653618
    Total Non Current Assets Annual Cr 1,1401,161
    Total Current Assets Annual Cr 4,8324,662
    Total Assets Annual Cr 5,9725,822
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 113108
    ROE Annual % 2121
    ROCE Annual % 2626
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3230
    Invest in Rites

    Rites Technicals

    EMA & SMA

    Current Price
    ₹467.85
    -2.15 (-0.46%)
    pointer
    • Bullish Moving Average
    • ___
    • 11
    • Bearish Moving Average
    • ___
    • 5
    • 20 Day
    • ₹465.07
    • 50 Day
    • ₹467.81
    • 100 Day
    • ₹458.12
    • 200 Day
    • ₹427.77
    • 20 Day
    • ₹458.89
    • 50 Day
    • ₹472.27
    • 100 Day
    • ₹471.21
    • 200 Day
    • ₹418.26

    Rites Resistance and Support

    PIVOT
    ₹469.65
    Resistance
    First Resistance 474.25
    Second Resistance 480.65
    Third Resistance 485.25
    RSI 51.40
    MFI 80.94
    MACD Single Line -1.61
    MACD 0.50
    Support
    First Resistance 463.25
    Second Resistance 458.65
    Third Resistance 452.25

    Rites Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 431,089 19,200,704 44.54
    Week 433,457 19,054,759 43.96
    1 Month 777,457 27,436,468 35.29
    6 Month 1,693,066 56,463,758 33.35

    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. 2519.62 Cr. and Equity Capital is Rs. 240.30 Cr. for the Year ended 31/03/2023. 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 11,222
    Sales 2,363
    Shares in Float 6.73
    No of funds 142
    Yield 4.34
    Book Value 4.51
    U/D Vol ratio 1.5
    LTDebt / Equity
    Alpha 0.07
    Beta 1.26

    Rites

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 72.2%72.2%72.2%72.2%
    Mutual Funds 5.24%6.98%6.64%6.42%
    Insurance Companies 7.4%8.25%9.25%9.36%
    Foreign Portfolio Investors 3.98%3.44%3.37%2.61%
    Financial Institutions/ Banks 0.01%
    Individual Investors 8.36%6.97%6.33%6.99%
    Others 2.82%2.15%2.21%2.42%

    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. 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
    Mr. Arun Kumar Singh Executive Director
    Mr. Amrendra Kumar Chandra Director
    Mr. Deepak Tripathi Executive Director

    Rites Forecast

    Price Estimates

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

    Other Analyst Rating

    Rites Corporate Action

    Date Purpose Remarks
    2023-10-31 Quarterly Results & Interim Dividend
    2023-07-28 Quarterly Results & 1st Interim Dividend
    2023-05-18 Audited Results & Final Dividend
    2023-02-09 Quarterly Results & Interim Dividend
    2022-11-10 Quarterly Results & Interim Dividend
    Date Purpose Remarks
    2023-11-08 INTERIM Rs.4.50 per share(45%)Second Interim Dividend
    2023-08-07 INTERIM Rs.3.75 per share(37.5%)Interim Dividend
    2023-02-17 INTERIM Rs.6.00 per share (60%) Third Interim Dividend
    2022-11-18 INTERIM Rs.4.50 per share(45%)Second Interim Dividend
    2022-08-05 INTERIM Rs.4.00 per share(40%)First Interim Dividend

    Rites MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 63,981
    Nippon India Small Cap Fund - Growth 37,319
    Nippon India Multi Cap Fund - Growth 20,916
    Quant Small Cap Fund Growth 9,521
    Nippon India Value Fund - Growth 5,639

    Rites FAQs

    What is Share Price of Rites ?

    Rites share price is ₹467 As on 01 December, 2023 | 21:54

    What is the Market Cap of Rites ?

    The Market Cap of Rites is ₹11242.5 Cr As on 01 December, 2023 | 21:54

    What is the P/E ratio of Rites ?

    The P/E ratio of Rites is 23 As on 01 December, 2023 | 21:54

    What is the PB ratio of Rites ?

    The PB ratio of Rites is 4.1 As on 01 December, 2023 | 21:54

    Q2FY23

    More Information

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