Rites
- Advice
- Hold
Rites Performance
Day Range
- Low 463.40
- High 470.25
52 Week Range
- Low 305.60
- High 584.00
- Open Price467.80
- Previous Close466.75
- Volume180246
Start SIP in Rites
Start SIPRites 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 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 92 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
Indicator | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
---|---|---|---|---|---|---|---|
Oper Rev Qtr Cr | 549 | 504 | 659 | 651 | 632 | 578 | 744 |
Operating Expenses Qtr Cr | 439 | 377 | 489 | 480 | 474 | 422 | 557 |
Operating Profit Qtr Cr | 111 | 126 | 170 | 171 | 158 | 156 | 187 |
Depreciation Qtr Cr | 12 | 14 | 15 | 17 | 15 | 13 | 23 |
Interest Qtr Cr | 1 | 1 | 2 | 2 | 1 | 1 | 1 |
Tax Qtr Cr | 32 | 33 | 46 | 46 | 42 | 44 | 53 |
Net Profit Qtr Cr | 117 | 96 | 138 | 132 | 131 | 129 | 130 |
Rites Technicals
EMA & SMA

- Bullish Moving Average
- ___
- 13
- Bearish Moving Average
- ___
- 3
- 20 Day
- ₹464.23
- 50 Day
- ₹467.72
- 100 Day
- ₹457.68
- 200 Day
- ₹426.94
- 20 Day
- ₹456.28
- 50 Day
- ₹474.14
- 100 Day
- ₹469.34
- 200 Day
- ₹416.89
Rites Resistance and Support
Resistance | |
---|---|
First Resistance | 471.03 |
Second Resistance | 475.32 |
Third Resistance | 479.98 |
RSI | 50.92 |
MFI | 73.96 |
MACD Single Line | -2.77 |
MACD | -0.03 |
Support | |
---|---|
First Resistance | 462.08 |
Second Resistance | 457.42 |
Third Resistance | 453.13 |
Rites Delivery and Volume
Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
---|---|---|---|
Day | 445,829 | 18,582,153 | 41.68 |
Week | 463,104 | 17,144,101 | 37.02 |
1 Month | 826,422 | 28,461,972 | 34.44 |
6 Month | 1,680,383 | 56,007,159 | 33.33 |
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 | 11,247 |
Sales | 2,363 |
Shares in Float | 6.73 |
No of funds | 142 |
Yield | 4.34 |
Book Value | 4.48 |
U/D Vol ratio | 1.6 |
LTDebt / Equity | |
Alpha | 0.07 |
Beta | 1.26 |
Rites
Owner Name | Sep-23 | Jun-23 | Mar-23 | Dec-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
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 FAQs
What is Share Price of Rites ?
Rites share price is ₹467 As on 30 November, 2023 | 11:19
What is the Market Cap of Rites ?
The Market Cap of Rites is ₹11238.9 Cr As on 30 November, 2023 | 11:19
What is the P/E ratio of Rites ?
The P/E ratio of Rites is 23 As on 30 November, 2023 | 11:19
What is the PB ratio of Rites ?
The PB ratio of Rites is 4.1 As on 30 November, 2023 | 11:19