RITES
₹466.75
1.1 (0.24%)
  • Advice
  • Hold
As on 29 November, 2023 | 17:08 BSE: 541556 NSE: RITESISIN: INE320J01015

Rites Performance

Day Range

  • Low 461.7
  • High 470.65
466.75

52 Week Range

  • Low 305.6
  • High 584
466.75
  • Open Price467.5
  • Previous Close465.65
  • Volume427236

Start SIP in Rites

Start SIP

Rites Share Price

  • Over 1 Month 1.38%
  • Over 3 Month -3.31%
  • Over 6 Month 21.6%
  • Over 1 Year 20.53%

Rites Key Statistics

P/E Ratio 23
PEG Ratio -2.2
Market Cap Cr 11,216
Price to Book Ratio 4.1
EPS 22
Dividend 4.3
Relative Strength Index 50.29
Money Flow Index 77.74
MACD Signal -3.46
Average True Range 15.09

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 below to its 50DMA and around 11% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful 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 49 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 99 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

Rites Technicals

EMA & SMA

Current Price
₹466.75
1.1 (0.24%)
pointer
  • Bullish Moving Average
  • ___
  • 11
  • Bearish Moving Average
  • ___
  • 5
  • 20 Day
  • ₹463.97
  • 50 Day
  • ₹467.75
  • 100 Day
  • ₹457.5
  • 200 Day
  • ₹426.54
  • 20 Day
  • ₹455.52
  • 50 Day
  • ₹475.36
  • 100 Day
  • ₹468.34
  • 200 Day
  • ₹416.21

Rites Resistance and Support

PIVOT
₹467.59
Resistance
First Resistance ₹472.07
Second Resistance ₹478.49
Third Resistance ₹482.97
RSI 50.29
MFI 77.74
MACD Single Line -3.46
MACD -0.2
Support
First Resistance ₹461.17
Second Resistance ₹456.69
Third Resistance ₹450.27

Rites Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 423,194 17,824,931 42.12
Week 494,071 17,653,139 35.73
1 Month 823,879 28,283,778 34.33
6 Month 1,692,909 56,407,724 33.32

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 11,241
Sales 2,363
Shares in Float 6.73
No of funds 142
Yield 4.35
Book Value 4.47
U/D Vol ratio 1.8
LTDebt / Equity
Alpha 0.06
Beta 1.23

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 63981
Nippon India Small Cap Fund - Growth 37319
Nippon India Multi Cap Fund - Growth 20916
Quant Small Cap Fund Growth 9521
Nippon India Value Fund - Growth 5639

Rites FAQs

What is Share Price of Rites ?

Rites share price is ₹466 As on 29 November, 2023 | 16:54

What is the Market Cap of Rites ?

The Market Cap of Rites is ₹11216.1 Cr As on 29 November, 2023 | 16:54

What is the P/E ratio of Rites ?

The P/E ratio of Rites is 23 As on 29 November, 2023 | 16:54

What is the PB ratio of Rites ?

The PB ratio of Rites is 4.1 As on 29 November, 2023 | 16:54

Q2FY23