āagman

Not investment advice. Data and computed figures, for information only.

Rites Ltd

NSE: RITES
₹214.27
+₹13.51 (+6.73%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹9,548 Cr
CMP
₹214.27
52-wk High / Low
₹260 / 175
P/E
22.9
P/B
3.6
Book Value
₹55.8
Div Yield
4.00%
ROCE
23.0%
ROE
15.4%
Face Value
₹10
D/E
0.00

Price−15.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹104
√(22.5 × EPS × book value per share)
ROIC
14.4%
vs 11.1% sector median
Cash flow to profit
0.72
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−165
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
1.3%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.04DII +0.04
Latest quarter vs the previous one
Cash-accrual divergence
2.1%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 25% vs the 2024 sector median of 21.5%)
+Borrowings are down 96.0% since FY2016 (173 to 7)
Watch-outs
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales544582683643486541576602490549609768532
Expenses383445514467380435458417376419466600418
Operating Profit161138169176106106117186114130142168115
OPM %29.6%23.7%24.7%27.4%21.8%19.6%20.3%30.9%23.3%23.7%23.3%21.9%21.6%
Other Income18281927252244272435303533
Interest1120121111111
Depreciation16141516141516171517171617
Profit before tax163150171187115111144195122146154186131
Net Profit12011012913790821091419110911513998
EPS (₹)2.252.102.502.621.641.522.082.761.672.042.122.701.81

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0131,2181,3511,4972,0472,4741,9052,6622,6282,4532,1962,4152,458
Expenses6648711,0051,0711,4691,8111,3531,9331,8691,7921,6531,8321,903
Operating Profit348347347427578663552729759661543583555
OPM %34.4%28.5%25.7%28.5%28.2%26.8%29.0%27.4%28.9%26.9%24.7%24.1%22.6%
Other Income1472082101542002681018410392118123132
Interest2114251010913212134333
Depreciation26373836384752666761626667
Profit before tax468518505519730874593735774670565608617
Net Profit312340337357490633444539571495424454461
EPS (₹)12.4913.556.576.859.3912.329.0010.7411.289.488.018.548.67

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital100100200200200250240240240240481481—
Reserves1,5761,7071,8382,0142,2222,3832,1522,2482,3632,3692,1602,201—
Borrowings01738355484737285897—
Other Liabilities1,9292,5312,6782,9012,9563,2223,4083,3263,3813,0473,4723,242—
Total Liabilities3,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1215,930—
Fixed Assets212476406402478590584560552535884867—
CWIP2634524415581011744889—
Investments226220328133141261289205130109117104—
Other Assets3,1413,7814,0604,6334,8035,0474,9485,0205,2084,8465,0724,870—
Total Assets3,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1215,930—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity—−89463555410164319516310560432637327
Cash from Investing Activity—291−520−56−4541394919462163−315−205−35
Cash from Financing Activity—−3839−215−217−279−420−708−376−483−504−405−424
Net Cash Flow—165−18284−26124−522−5239−38727−131

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—30.028.021.024.030.033.023.029.030.025.022.023.0
ROE %————————————15.4
EPS (₹)10.4212.4913.556.576.859.3912.329.0010.7411.289.488.018.54
Book Value (₹)————————————55.8
Face Value (₹)————————————10
P/E————————————22.9
Div Yield %————————————4.00
NPM %23.826.923.821.621.621.823.122.119.620.919.418.317.9
OPM %26.034.029.026.028.028.027.029.027.029.027.025.024.0
D/E0.000.000.100.040.020.020.020.020.010.000.000.000.00
P/B————————————3.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+5.0%
3 years−3.0%
TTM+11.0%
Compounded profit growth
10 years+2.0%
5 years−1.0%
3 years−9.0%
TTM+8.0%
Stock price CAGR
5 years+7.0%
3 years−6.0%
Last year−22.0%
Return on equity
10 years18.0%
5 years18.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters87.40%87.40%72.02%72.20%72.20%72.20%72.20%72.20%72.20%72.20%
FIIs1.28%1.28%2.91%1.00%1.45%3.37%4.17%3.33%3.47%3.43%
DIIs4.16%4.16%16.39%15.80%16.89%15.89%11.09%8.66%8.70%8.74%
Government——————————
Public7.16%7.16%8.68%10.99%9.46%8.53%12.53%15.79%15.62%15.63%
No. of shareholders55,64555,64577,3261,11,7471,02,2381,11,7012,35,2964,11,7253,86,2133,79,928
Change since Jun 2023 (pp)
Promoters −15.20FIIs +2.15DIIs +4.58Public +8.47

Documents

As of 11 Oct 2026
Announcements
Intimation Of ESG Rating Assigned By CRISIL ESG Ratings & Analytics LimitedBoard Meeting Intimation for Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended On 30.09.2026 And Declaration Of Second Interim Dividend, If Any On Equity Shares Of The Company, For The Financial Year 2026-27.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Change in DirectorateDisclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 18 Sep 2026
18 Sep 2026DIVIDENDDividend - Rs 2.75 Per Share—
10 Aug 2026DIVIDENDInterim Dividend - Rs 1.40 Per Share—
10 Feb 2026DIVIDENDInterim Dividend - Rs 1.90 Per Share—
14 Nov 2025DIVIDENDInterim Dividend - Rs 2 Per Share—
17 Sep 2025DIVIDENDDividend - Rs 2.65 Per Share—
12 Aug 2025DIVIDENDInterim Dividend - Rs 1.30 Per Share—
31 Jan 2025DIVIDENDInterim Dividend - Rs 1.90 Per Share—
14 Nov 2024DIVIDENDInterim Dividend - Rs 1.75 Per Share—
20 Sep 2024BONUSBonus 1:1—
20 Sep 2024DIVIDENDDividend - Rs 5 Per Share—
8 Aug 2024DIVIDENDInterim Dividend - Rs 2.50 Per Share—
9 Feb 2024DIVIDENDInterim Dividend - Rs 4.75 Per Share—
8 Nov 2023DIVIDENDInterim Dividend - Rs 4.50 Per Share—
8 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
7 Aug 2023DIVIDENDInterim Dividend - Rs 3.75 Per Share—
17 Feb 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
17 Nov 2022DIVIDENDInterim Dividend - Rs 4.50 Per Share—
8 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3.5 Per Share—
4 Aug 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
24 Mar 2022DIVIDENDInterim Dividend - Rs 7.50 Per Share—
24 Nov 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
20 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Share—
18 Aug 2021DIVIDEND Interim Dividend - Rs 2 Per Share—
18 Mar 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
8 Jan 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
19 Aug 2020DIVIDEND Annual General Meeting/Dividend - Rs 6 Per Share—
17 Feb 2020DIVIDEND Interim Dividend - Rs 4 Per Share—
9 Jan 2020DIVIDEND Interim Dividend-Rs 6 Per Share—
8 Aug 2019BONUS Bonus 1:4—
10 Jul 2019DIVIDEND Dividend - Rs 4 Per Share—
20 Mar 2019DIVIDEND Interim Dividend - Rs 4 Per Share—
27 Dec 2018DIVIDEND Interim Dividend - Rs 4.75 Per Share—
11 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman