RITES Limited (RITES)

Large Cap

Infra stocks · Large cap · NSE

RITES Limited is an engineering consultancy and infrastructure company, providing services across transport, infrastructure, and related technologies. It operates in consultancy, leasing, exports, and turnkey projects, serving various sectors including railways, highways, and urban infrastructure.

₹197.42

-6.47 · -3.17%

Market cap ₹9,649 Cr

IndicesNifty 500

ThemesRailways PSU Infrastructure

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

Quote21 Oct, 03:31 pm IST

Base fundamentals15 Oct 2026 · screener

Latest result04 Aug, 07:14 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags02 May 2026

Coverage14/14 · 100%

Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)

Technical timing lens

Trend score and candlestick chart

32Bearish

full bear SMA stack · SMA20 -5.0% / mo · MACD + · sector -2.2pp vs Nifty 500 (3M)

Stock trend: 27

Sector RS: 38

Sector 3M: -7.9% vs Nifty 500 -5.6%

Infra FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

RITESD candles · FIT view-11.2%

Latest close ₹197.42 on 2026-10-21

Bar

-3.1%

RSI

MACD hist

0.67

52W pos

26%

2026-10-21O ₹203.70H ₹203.76L ₹195.00C ₹197.42Vol 6.3L sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

RITESNifty InfraNifty 500

RITES: -10.0%
Nifty 500: -6.5%
Nifty Infra: -8.6%
Vs Nifty 500: -3.5 pp

Chart stats

21 Oct 2026

From 52W high: -24.0%
52W range position: 26%
ATR (14): 3.6%
Volume vs 20D: 0.12x
Avg traded value: ₹106 Cr
20D price channel: ₹191.3 - ₹219

Quarter ended 30 Jun 2026

Bad · 22

margin compression · Rev +9% YoY · PAT +8% YoY

Revenue: ₹532 Cr; YoY +8.6%
PAT: ₹98 Cr; YoY +7.7%
Operating margin: 22.0%; QoQ +0 bps
PAT margin: 18.4%; QoQ +32 bps

Filed 04 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 1 Base / Transition

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 35; +6 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 1 Base / Transition
Sector rotation: #12; neutral · 15 stocks
Industry rotation: #21; lagging · 6 stocks

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Above signal

Histogram +0.67

Volume participation

0.1x average

Versus 20-session average

20-session position

22% of range

₹191.25 low · ₹219 high

Relative performance

vs Nifty 500

1M: +1.6 pp; stock -2.9%
3M: -3.5 pp; stock -10.0%
6M: -5.1 pp; stock -10.3%
1Y: -12.5 pp; stock -20.4%

From 52W high

-24.0%

High ₹259.7

52W range position

26%

₹175 - ₹259.7

ATR (14)

3.6%

₹7.03

Avg traded value

₹106 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · WATCHLIST

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Bad · 22/100

margin compression · Rev +9% YoY · PAT +8% YoY

Filed 04 Aug 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹532 Cr	+8.6%	-30.7%
EBITDA	₹115 Cr	+0.9%	-31.5%
Operating margin	22.0%	-100 bps	+0 bps
PAT	₹98 Cr	+7.7%	-29.5%
PAT margin	18.4%	-15 bps	+32 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 23.10
P/B: 3.60
EV/EBITDA: 15.52
Market Cap: 9649.00Cr

Profitability

ROE: 15.40%
ROCE: 23.00%
ROA: 7.77%
Dividend Y: 3.96%

Growth (CAGR)

Revenue 5Y: 5.00%
EPS 5Y: -1.00%
Revenue 3Y: -3.00%
EPS 3Y: -9.00%

Balance Sheet

Debt/Equity: 0.00
Interest Coverage: 185.00×
Altman Z: 3.19
Book Value: 55.80

Cash Flow

FCF Yield: 3.03%
FCF Positive Y: 10/5
OCF: 327.00 Cr
EPS TTM: 8.67

Shareholding

Promoter Hold: 72.20%
Promoter Pledge: 0.00%
Momentum 52W: 31%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 532-30.7% vs prev

Net Profit

₹ Cr

Latest: 98.0-29.5% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 42.

Price < SMA20 < SMA50 < SMA200 — full bearish stack.
SMA20 falling (~5.2% over last month) — short-term momentum negative.
RSI(14) at 42 — sideways, no extreme reading.
MACD above signal but histogram contracting — bullish momentum cooling.
24% off 52W high · 13% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 1 Base / Transition

1M return

-2.9%

3M return

-10.0%

6M return

-10.9%

1Y return

-20.2%

RS 1D

-4

RS 20D

Sector rank

#12

Industry rank

#21

Stage evidence

Price is within 6.4% of the 30-week proxy.
The 30-week proxy changed -0.0% over 20 sessions.
The moving-average structure does not confirm Stage 2 or Stage 4.

50-DMA

price below

200-DMA

price below

Sector

neutral

Industry

lagging

Relative-strength line vs Nifty 500 (base 100)

262 observations

21 Oct 2026Value 82.87-2.26%

RS vs Nifty 50083

Valuation & peers

U-Score 41 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

WATCHLIST

Fundamental score breakdown

U band · WATCHLIST

Valuation0/30

Growth5/25

Quality12/20

Balance Sheet13/15

Cash Flow6/10

Piotroski

7/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

41/100 · legacy band WATCHLIST

Positive drivers

FCF yield is supportive at 3.0%.
Piotroski is strong at 7/9.
Balance sheet contributes 13/15 to the score.

Main drags

Fair-value margin of safety is negative at -233.9%.
Valuation is weaker at 0/30; verify the latest quarterly trend.
Growth is weaker at 5/25; verify the latest quarterly trend.

Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA

Primary lens

EV/EBITDA and PE against execution quality and margin stability.

Secondary checks

Order book, receivables, working capital, debt, operating cash flow.

Main risk check

Order wins matter only if they convert into cash and margins.

23.1

3.6

EV/EBITDA

15.5

ROE

15.4%

ROCE

23.0%

FCF Yield

3.0%

Debt/Equity

0.0

MoS

-233.9%

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 41

Legacy U-Score band

WATCHLIST

Previous: WATCHLIST

Margin of safety

-233.9%

Previous: -244.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹104.33

-89.2% MoS

Growth-justified P/E

6.8

Growth-justified Value

₹59.13

-233.9% MoS

PEG

—

Comparable companies

Peers

Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

IRCON

Small

Ircon International Limited

Construction & Engineering

BCPL Railway Infrastructure Limited

Railway Infrastructure

E To E Transportation Infrastructure Ltd.

Railway Infrastructure

Railtel Corporation Of India Limited

TITAGARH RAIL SYSTEMS LIMITED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-03T18:28:16.086Z

Management commentary snapshot

Q4FY26 consolidated operating revenue grew 27.6% YoY to ₹768 crore, driven by better execution and export jump. However, consolidated EBITDA declined 4.6% YoY to ₹172 crore due to a high base. FY26 consolidated operating revenue increased 10% YoY to ₹2415 crore, with EBITDA up 7.7% YoY to ₹568 crore. Order book reached a record ₹9416 crore.

RITES delivered robust revenue growth in Q4FY26 and FY26, driven by strong execution across segments and a significant jump in exports. While Q4 profits moderated YoY due to a high base from deferred fee realization in Q4FY25, the record order book provides strong revenue visibility. The company continues to secure new orders, supporting future growth.

Current business mix

Order Book Split by Segment (as on 31.03.2026)

Latest issuer-disclosed distribution across 5 reported categories.

Turnkey49.0%

Consultancy29.0%

Exports19.0%

Leasing2.0%

REMCL1.0%

Growth engines

Exports Segment

positive

Exports showed a significant jump in Q4FY26 and FY26, with supply of 6 locomotives to Mozambique in Q4 and completion of 10 locomotives supply to CFM Mozambique in FY26.

Consultancy Segment

positive

Better execution/utilization led to increase in consultancy revenue in Q4FY26 and FY26.

Leasing Segment

positive

Better execution/utilization led to increase in leasing revenue in Q4FY26 and FY26.

Strong Order Book

positive

Highest Ever Order book at ₹9416 crore provides revenue visibility and future growth potential.

Tailwinds

Consistent Order Inflow

Sector KPIs management disclosed

Order Book

positive

Highest Ever Order book at ₹9416 crore as on March 31, 2026.

Order Inflow (Q4FY26)

positive

Added ₹958 crore of new orders (including extensions) during Q4FY26.

Consolidated Operating Revenue Growth (Q4FY26)

positive

Operating Revenue up by 27.6% YoY to ₹768 crore in Q4FY26.

Consolidated Operating Revenue Growth (FY26)

positive

Operating Revenue up by 10.0% YoY to ₹2415 crore in FY26.

Management forward view

Dividend Payout

neutral

BoD recommended a final dividend of ₹2.75 per share, resulting in a 95.4% dividend payout for FY26.

Order Securing Pace

neutral

Management claims to be a 'One order a Day company' and 'Continued to securing one exports order every quarter'.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Order Book Growth & Conversion	₹9416 crore, highest ever.	Sustained growth in order book and efficient conversion of orders into revenue.
Exports Segment Momentum	Significant jump in Q4FY26 and FY26.	Continued securing of export orders and timely execution of international projects.
Turnkey Segment Performance	Revenue declined 16.4% in Q4FY26 and 24.4% in FY26 (Standalone).	Stabilization and revival of revenue growth in the turnkey segment.
EBITDA Margins	22.4% (Q4FY26 Consolidated), 23.5% (FY26 Consolidated).	Stability or improvement in margins, especially given Q4 moderation.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

82Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 96th percentile within Infra. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026

management-trust-v1

157 docs text-extracted · 68 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

94th percentile

overall median 67 · Infra: 96th pctile, median 64 · Large: 86th pctile, median 73

Evidence depth

Financial-only

157 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

acceptable · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter holding is 72.2%.
▸Promoter pledge is zero.
▸FCF yield is positive at 3%.
▸10 years of positive FCF.

Trust risks

▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Infra stocks Browse Indian stocks starting with R Explore fundamental stock screeners Browse Indian investment themes

Related companies

Ircon International Limited (IRCON)BCPL Railway Infrastructure Limited (BCPL)E To E Transportation Infrastructure Ltd. (E2ERAIL)Railtel Corporation Of India Limited (RAILTEL)TITAGARH RAIL SYSTEMS LIMITED (TITAGARH)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

RITES Limited (RITES)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Execution business valuation: EV/EBITDA plus order and working-capital risk

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Order Book Split by Segment (as on 31.03.2026)

Exports Segment

Consultancy Segment

Leasing Segment

Strong Order Book

Consistent Order Inflow

Strategic Partnerships

Industry Recognition

Q4FY26 Profit Moderation

Turnkey Segment Revenue Decline

What management said, and what results must prove

Order Book

Order Inflow (Q4FY26)

Consolidated Operating Revenue Growth (Q4FY26)

Consolidated Operating Revenue Growth (FY26)

Dividend Payout

Order Securing Pace

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching RITES Limited

Important announcements & filings

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep - RITES schedules in-person investor meet with FYERS Asset Management on 29 September 2026, 14:00-15:00.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Newspaper Publication for Notice of the 52nd Annual General Meeting, E-voting information and Record date

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Jul - RITES consortium won Patna Metro consultancy work worth Rs.79.22 crore over 68 months.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 6 Jul - RITES secured acceptance for 4,000 HP locomotives order from Volantis Asset Finance, South Africa, worth USD 35.82 million.

Announcement under Regulation 30 (LODR)-Credit Rating 4 Jul - CARE Ratings assigned RITES ₹3,555 crore bank facilities CARE AAA; Stable / CARE A1+.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 1 Jul - RITES secured PMC services order from BBAU worth ₹175.41 crore, executable over 30 months.

Announcement under Regulation 30 (LODR)-Credit Rating 27 Jun - Infomerics reaffirmed RITES’ ratings on Rs 3,555 crore facilities as IVR AAA/Stable and IVR A1+.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 25 Jun - RITES amended NUPPL MoU, raising contract value to Rs 148.93 crore for 48 months.

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Jun - Newspaper publication for mandatory transfer of equity shares to Investor Education and Protection Fund Authority (IEPF)

Announcement under Regulation 30 (LODR)-Change in Directorate 27 May - Shri Atul Singh appointed Government Nominee Director on RITES board, effective from DIN allotment date.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 May - RITES reported FY26 revenue ₹2,525 crore, PAT ₹454 crore; Q4 revenue ₹799 crore, PAT ₹139 crore, dividend ₹2.75.