Rites Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 26, 2025, 11:17 am

Market Cap	13,394 Cr.
Current Price	279
High / Low	398/192
Stock P/E	34.8
Book Value	54.9
Dividend Yield	4.15 %
ROCE	20.8 %
ROE	14.7 %
Face Value	10.0
PEG Ratio	-15.11

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Rites Ltd

Competitors of Rites Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Fine Line Circuits Ltd	38.4 Cr.	79.8	115/78.6	192	18.4	0.00 %	3.97 %	2.30 %	10.0
Filtra Consultants & Engineers Ltd	63.6 Cr.	58.0	116/53.0	21.8	22.0	3.88 %	17.6 %	12.2 %	10.0
DRA Consultants Ltd	25.8 Cr.	23.5	69.0/21.8	9.60	29.9	0.00 %	12.3 %	8.55 %	10.0
Zodiac Energy Ltd	724 Cr.	480	819/318	36.2	64.0	0.00 %	20.2 %	27.7 %	10.0
Rites Ltd	13,394 Cr.	279	398/192	34.8	54.9	4.15 %	20.8 %	14.7 %	10.0
Industry Average	3,756.00 Cr	501.64		58.98	119.08	0.77%	12.13%	10.85%	10.00

All Competitor Stocks of Rites Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	766	605	659	677	687	544	582	683	643	486	541	576	615
Expenses	562	426	478	484	496	383	445	514	467	380	435	458	430
Operating Profit	204	179	181	193	191	161	138	169	176	106	106	117	186
OPM %	27%	30%	27%	29%	28%	30%	24%	25%	27%	22%	20%	20%	30%
Other Income	23	32	25	27	19	18	28	19	27	25	22	44	27
Interest	2	1	1	2	2	1	1	2	0	1	2	1	1
Depreciation	24	15	17	19	17	16	14	15	16	14	15	16	17
Profit before tax	201	195	188	199	191	163	150	171	187	115	111	144	195
Tax %	29%	26%	26%	26%	27%	26%	27%	25%	27%	21%	26%	24%	27%
Net Profit	142	145	140	147	139	120	110	129	137	90	82	109	141
EPS in Rs	2.85	2.86	2.76	2.91	2.75	2.25	2.10	2.50	2.62	1.64	1.52	2.08	2.76

Last Updated: May 31, 2025, 7:57 am

Below is a detailed analysis of the quarterly data for Rites Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 615.00 Cr.. The value appears strong and on an upward trend. It has increased from 576.00 Cr. (Dec 2024) to 615.00 Cr., marking an increase of 39.00 Cr..
For Expenses, as of Mar 2025, the value is 430.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 458.00 Cr. (Dec 2024) to 430.00 Cr., marking a decrease of 28.00 Cr..
For Operating Profit, as of Mar 2025, the value is 186.00 Cr.. The value appears strong and on an upward trend. It has increased from 117.00 Cr. (Dec 2024) to 186.00 Cr., marking an increase of 69.00 Cr..
For OPM %, as of Mar 2025, the value is 30.00%. The value appears strong and on an upward trend. It has increased from 20.00% (Dec 2024) to 30.00%, marking an increase of 10.00%.
For Other Income, as of Mar 2025, the value is 27.00 Cr.. The value appears to be declining and may need further review. It has decreased from 44.00 Cr. (Dec 2024) to 27.00 Cr., marking a decrease of 17.00 Cr..
For Interest, as of Mar 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 17.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 16.00 Cr. (Dec 2024) to 17.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 195.00 Cr.. The value appears strong and on an upward trend. It has increased from 144.00 Cr. (Dec 2024) to 195.00 Cr., marking an increase of 51.00 Cr..
For Tax %, as of Mar 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Dec 2024) to 27.00%, marking an increase of 3.00%.
For Net Profit, as of Mar 2025, the value is 141.00 Cr.. The value appears strong and on an upward trend. It has increased from 109.00 Cr. (Dec 2024) to 141.00 Cr., marking an increase of 32.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 2.76. The value appears strong and on an upward trend. It has increased from 2.08 (Dec 2024) to 2.76, marking an increase of 0.68.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 5:26 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,096	1,013	1,218	1,351	1,497	2,047	2,474	1,905	2,662	2,628	2,453	2,218
Expenses	816	664	871	1,005	1,071	1,469	1,811	1,353	1,933	1,869	1,792	1,703
Operating Profit	280	348	347	347	427	578	663	552	729	759	661	515
OPM %	26%	34%	29%	26%	28%	28%	27%	29%	27%	29%	27%	23%
Other Income	127	147	208	210	154	200	268	101	84	103	92	118
Interest	2	2	1	14	25	10	10	9	13	21	21	6
Depreciation	20	26	37	38	36	38	47	52	66	67	61	62
Profit before tax	385	468	518	505	519	730	874	593	735	774	670	565
Tax %	32%	33%	34%	33%	31%	33%	28%	25%	27%	26%	26%	25%
Net Profit	261	312	340	337	357	490	633	444	539	571	495	424
EPS in Rs	10.42	12.49	13.55	6.57	6.85	9.39	12.32	9.00	10.74	11.28	9.48	8.01
Dividend Payout %	20%	20%	40%	46%	32%	54%	65%	72%	79%	91%	95%	110%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	19.54%	8.97%	-0.88%	5.93%	37.25%	29.18%	-29.86%	21.40%	5.94%	-13.31%	-14.34%
Change in YoY Net Profit Growth (%)	0.00%	-10.57%	-9.86%	6.82%	31.32%	-8.07%	-59.04%	51.25%	-15.46%	-19.25%	-1.03%

Rites Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	-2%
3 Years:	-6%
TTM:	-10%

Compounded Profit Growth
10 Years:	2%
5 Years:	-9%
3 Years:	-9%
TTM:	-15%

Stock Price CAGR
10 Years:	%
5 Years:	19%
3 Years:	35%
1 Year:	-19%

Return on Equity
10 Years:	19%
5 Years:	18%
3 Years:	18%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:27 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	100	100	100	200	200	200	250	240	240	240	240	481
Reserves	1,325	1,576	1,707	1,838	2,014	2,222	2,383	2,152	2,248	2,363	2,369	2,160
Borrowings	0	0	173	83	55	48	47	37	28	5	8	9
Other Liabilities	2,211	1,929	2,531	2,678	2,901	2,956	3,262	3,408	3,326	3,381	3,047	3,470
Total Liabilities	3,636	3,605	4,511	4,799	5,170	5,426	5,943	5,837	5,842	5,991	5,664	6,119
Fixed Assets	198	212	476	406	402	478	590	584	560	552	535	885
CWIP	20	26	34	5	2	4	4	15	58	101	174	48
Investments	228	226	220	328	133	141	261	289	205	130	109	117
Other Assets	3,190	3,141	3,781	4,060	4,633	4,803	5,088	4,948	5,020	5,208	4,846	5,070
Total Assets	3,636	3,605	4,511	4,799	5,170	5,426	5,943	5,837	5,842	5,991	5,664	6,119

Below is a detailed analysis of the balance sheet data for Rites Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 481.00 Cr.. The value appears strong and on an upward trend. It has increased from 240.00 Cr. (Mar 2024) to 481.00 Cr., marking an increase of 241.00 Cr..
For Reserves, as of Mar 2025, the value is 2,160.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,369.00 Cr. (Mar 2024) to 2,160.00 Cr., marking a decrease of 209.00 Cr..
For Borrowings, as of Mar 2025, the value is 9.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 8.00 Cr. (Mar 2024) to 9.00 Cr., marking an increase of 1.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 3,470.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,047.00 Cr. (Mar 2024) to 3,470.00 Cr., marking an increase of 423.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 6,119.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,664.00 Cr. (Mar 2024) to 6,119.00 Cr., marking an increase of 455.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 885.00 Cr.. The value appears strong and on an upward trend. It has increased from 535.00 Cr. (Mar 2024) to 885.00 Cr., marking an increase of 350.00 Cr..
For CWIP, as of Mar 2025, the value is 48.00 Cr.. The value appears to be declining and may need further review. It has decreased from 174.00 Cr. (Mar 2024) to 48.00 Cr., marking a decrease of 126.00 Cr..
For Investments, as of Mar 2025, the value is 117.00 Cr.. The value appears strong and on an upward trend. It has increased from 109.00 Cr. (Mar 2024) to 117.00 Cr., marking an increase of 8.00 Cr..
For Other Assets, as of Mar 2025, the value is 5,070.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,846.00 Cr. (Mar 2024) to 5,070.00 Cr., marking an increase of 224.00 Cr..
For Total Assets, as of Mar 2025, the value is 6,119.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,664.00 Cr. (Mar 2024) to 6,119.00 Cr., marking an increase of 455.00 Cr..

Notably, the Reserves (2,160.00 Cr.) exceed the Borrowings (9.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	-89	463	555	410	164	319	516	310	560	432	637
Cash from Investing Activity +	291	-520	-56	-454	139	49	194	62	163	-315	-219
Cash from Financing Activity +	-38	39	-215	-217	-279	-420	-708	-376	-483	-504	-405
Net Cash Flow	165	-18	284	-261	24	-52	2	-5	239	-387	13

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	280.00	348.00	174.00	264.00	372.00	530.00	616.00	515.00	701.00	754.00	653.00	506.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	108	137	161	125	114	109	124	112	101	126	134
Inventory Days	27	32			22	302	20		81	96
Days Payable	165	408			184	572	144		105	589
Cash Conversion Cycle	-30	-239	161	125	-47	-161	1	112	77	-367	134
Working Capital Days	-508	-438	-420	-449	-454	-297	-236	-333	-233	-219	-203
ROCE %		30%	28%	21%	24%	30%	33%	23%	29%	30%	25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%	72.20%
FIIs	1.45%	1.48%	2.35%	2.61%	3.37%	3.44%	3.98%	3.22%	4.17%	3.50%	3.20%	3.34%
DIIs	16.89%	17.26%	17.58%	15.78%	15.89%	15.25%	12.72%	12.27%	11.09%	10.78%	9.63%	8.83%
Public	9.46%	9.06%	7.89%	9.42%	8.53%	9.11%	11.10%	12.31%	12.53%	13.50%	14.95%	15.63%
No. of Shareholders	1,02,238	1,01,761	95,236	1,11,693	1,11,701	1,23,074	1,45,094	1,62,986	2,35,296	2,65,984	3,50,236	3,91,469

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Balanced Advantage Fund - Regular Plan	800,000	0.05	37.6	800,000	2025-04-22 17:25:21	0%
SBI PSU Fund	695,000	3.53	32.67	695,000	2025-04-22 17:25:21	0%
Aditya Birla Sun Life PSU Equity Fund	470,821	1.49	22.13	470,821	2025-04-22 17:25:21	0%
Axis Value Fund	93,380	1.14	4.39	93,380	2025-04-22 17:25:21	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	26,131	0.24	1.23	26,131	2025-04-22 17:25:21	0%
SBI Nifty Smallcap 250 Index Fund	20,411	0.24	0.96	20,411	2025-04-22 17:25:21	0%
Axis Retirement Savings Fund - Dynamic Plan	17,985	0.28	0.85	17,985	2025-04-22 17:25:21	0%
ICICI Prudential Nifty Smallcap 250 Index Fund	10,776	0.24	0.51	10,776	2025-04-22 17:25:21	0%
HDFC NIFTY Smallcap 250 ETF	5,514	0.24	0.26	5,514	2025-04-22 17:25:21	0%
HDFC Nifty Smallcap 250 Index Fund	4,517	0.24	0.21	4,517	2025-04-22 17:25:21	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	8.01	18.95	23.76	21.49	17.54
Diluted EPS (Rs.)	8.01	18.95	23.76	21.49	17.54
Cash EPS (Rs.)	9.85	22.90	26.50	25.11	20.60
Book Value[Excl.RevalReserv]/Share (Rs.)	54.93	113.23	113.16	107.97	103.21
Book Value[Incl.RevalReserv]/Share (Rs.)	54.93	113.23	113.16	107.97	103.21
Revenue From Operations / Share (Rs.)	46.15	102.07	109.37	110.77	77.38
PBDIT / Share (Rs.)	12.91	30.39	35.23	33.59	27.02
PBIT / Share (Rs.)	11.62	27.86	32.46	30.86	24.86
PBT / Share (Rs.)	11.50	27.67	32.17	30.56	24.61
Net Profit / Share (Rs.)	8.56	20.38	23.72	22.38	18.44
NP After MI And SOA / Share (Rs.)	8.81	18.95	22.56	21.49	17.99
PBDIT Margin (%)	27.98	29.77	32.21	30.32	34.92
PBIT Margin (%)	25.18	27.29	29.67	27.86	32.13
PBT Margin (%)	24.92	27.10	29.40	27.58	31.80
Net Profit Margin (%)	18.55	19.96	21.68	20.20	23.83
NP After MI And SOA Margin (%)	19.10	18.56	20.62	19.39	23.25
Return on Networth / Equity (%)	16.04	17.45	20.81	20.74	18.07
Return on Capital Employeed (%)	19.06	22.89	25.84	26.39	21.81
Return On Assets (%)	6.92	8.04	9.07	8.86	7.41
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.01	0.01
Total Debt / Equity (X)	0.00	0.00	0.00	0.01	0.01
Asset Turnover Ratio (%)	0.37	0.42	0.43	0.45	0.31
Current Ratio (X)	1.53	1.65	1.64	1.55	1.55
Quick Ratio (X)	1.51	1.65	1.63	1.51	1.46
Dividend Payout Ratio (NP) (%)	0.00	100.25	86.44	81.43	84.71
Dividend Payout Ratio (CP) (%)	0.00	88.47	76.97	72.25	75.63
Earning Retention Ratio (%)	0.00	-0.25	13.56	18.57	15.29
Cash Earning Retention Ratio (%)	0.00	11.53	23.03	27.75	24.37
Interest Coverage Ratio (X)	107.02	155.04	120.27	111.34	108.05
Interest Coverage Ratio (Post Tax) (X)	71.94	104.98	81.97	75.19	74.73
Enterprise Value (Cr.)	7473.00	12933.72	5189.07	3146.36	2532.47
EV / Net Operating Revenue (X)	3.37	5.27	1.97	1.18	1.36
EV / EBITDA (X)	12.04	17.71	6.13	3.90	3.90
MarketCap / Net Operating Revenue (X)	4.84	6.51	3.24	2.37	3.11
Retention Ratios (%)	0.00	-0.25	13.55	18.56	15.28
Price / BV (X)	4.07	6.12	3.27	2.54	2.42
Price / Net Operating Revenue (X)	4.84	6.51	3.24	2.37	3.11
EarningsYield	0.03	0.02	0.06	0.08	0.07

After reviewing the key financial ratios for Rites Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 8.01. This value is within the healthy range. It has decreased from 18.95 (Mar 24) to 8.01, marking a decrease of 10.94.
For Diluted EPS (Rs.), as of Mar 25, the value is 8.01. This value is within the healthy range. It has decreased from 18.95 (Mar 24) to 8.01, marking a decrease of 10.94.
For Cash EPS (Rs.), as of Mar 25, the value is 9.85. This value is within the healthy range. It has decreased from 22.90 (Mar 24) to 9.85, marking a decrease of 13.05.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 54.93. It has decreased from 113.23 (Mar 24) to 54.93, marking a decrease of 58.30.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 54.93. It has decreased from 113.23 (Mar 24) to 54.93, marking a decrease of 58.30.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 46.15. It has decreased from 102.07 (Mar 24) to 46.15, marking a decrease of 55.92.
For PBDIT / Share (Rs.), as of Mar 25, the value is 12.91. This value is within the healthy range. It has decreased from 30.39 (Mar 24) to 12.91, marking a decrease of 17.48.
For PBIT / Share (Rs.), as of Mar 25, the value is 11.62. This value is within the healthy range. It has decreased from 27.86 (Mar 24) to 11.62, marking a decrease of 16.24.
For PBT / Share (Rs.), as of Mar 25, the value is 11.50. This value is within the healthy range. It has decreased from 27.67 (Mar 24) to 11.50, marking a decrease of 16.17.
For Net Profit / Share (Rs.), as of Mar 25, the value is 8.56. This value is within the healthy range. It has decreased from 20.38 (Mar 24) to 8.56, marking a decrease of 11.82.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 8.81. This value is within the healthy range. It has decreased from 18.95 (Mar 24) to 8.81, marking a decrease of 10.14.
For PBDIT Margin (%), as of Mar 25, the value is 27.98. This value is within the healthy range. It has decreased from 29.77 (Mar 24) to 27.98, marking a decrease of 1.79.
For PBIT Margin (%), as of Mar 25, the value is 25.18. This value exceeds the healthy maximum of 20. It has decreased from 27.29 (Mar 24) to 25.18, marking a decrease of 2.11.
For PBT Margin (%), as of Mar 25, the value is 24.92. This value is within the healthy range. It has decreased from 27.10 (Mar 24) to 24.92, marking a decrease of 2.18.
For Net Profit Margin (%), as of Mar 25, the value is 18.55. This value exceeds the healthy maximum of 10. It has decreased from 19.96 (Mar 24) to 18.55, marking a decrease of 1.41.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 19.10. This value is within the healthy range. It has increased from 18.56 (Mar 24) to 19.10, marking an increase of 0.54.
For Return on Networth / Equity (%), as of Mar 25, the value is 16.04. This value is within the healthy range. It has decreased from 17.45 (Mar 24) to 16.04, marking a decrease of 1.41.
For Return on Capital Employeed (%), as of Mar 25, the value is 19.06. This value is within the healthy range. It has decreased from 22.89 (Mar 24) to 19.06, marking a decrease of 3.83.
For Return On Assets (%), as of Mar 25, the value is 6.92. This value is within the healthy range. It has decreased from 8.04 (Mar 24) to 6.92, marking a decrease of 1.12.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.37. It has decreased from 0.42 (Mar 24) to 0.37, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 25, the value is 1.53. This value is within the healthy range. It has decreased from 1.65 (Mar 24) to 1.53, marking a decrease of 0.12.
For Quick Ratio (X), as of Mar 25, the value is 1.51. This value is within the healthy range. It has decreased from 1.65 (Mar 24) to 1.51, marking a decrease of 0.14.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 100.25 (Mar 24) to 0.00, marking a decrease of 100.25.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 88.47 (Mar 24) to 0.00, marking a decrease of 88.47.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has increased from -0.25 (Mar 24) to 0.00, marking an increase of 0.25.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 11.53 (Mar 24) to 0.00, marking a decrease of 11.53.
For Interest Coverage Ratio (X), as of Mar 25, the value is 107.02. This value is within the healthy range. It has decreased from 155.04 (Mar 24) to 107.02, marking a decrease of 48.02.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 71.94. This value is within the healthy range. It has decreased from 104.98 (Mar 24) to 71.94, marking a decrease of 33.04.
For Enterprise Value (Cr.), as of Mar 25, the value is 7,473.00. It has decreased from 12,933.72 (Mar 24) to 7,473.00, marking a decrease of 5,460.72.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.37. This value exceeds the healthy maximum of 3. It has decreased from 5.27 (Mar 24) to 3.37, marking a decrease of 1.90.
For EV / EBITDA (X), as of Mar 25, the value is 12.04. This value is within the healthy range. It has decreased from 17.71 (Mar 24) to 12.04, marking a decrease of 5.67.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.84. This value exceeds the healthy maximum of 3. It has decreased from 6.51 (Mar 24) to 4.84, marking a decrease of 1.67.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has increased from -0.25 (Mar 24) to 0.00, marking an increase of 0.25.
For Price / BV (X), as of Mar 25, the value is 4.07. This value exceeds the healthy maximum of 3. It has decreased from 6.12 (Mar 24) to 4.07, marking a decrease of 2.05.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.84. This value exceeds the healthy maximum of 3. It has decreased from 6.51 (Mar 24) to 4.84, marking a decrease of 1.67.
For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Rites Ltd as of June 26, 2025 is: 234.00

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 26, 2025, Rites Ltd is Overvalued by 16.13% compared to the current share price 279.00

Intrinsic Value of Rites Ltd as of June 26, 2025 is: 228.61

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 26, 2025, Rites Ltd is Overvalued by 18.06% compared to the current share price 279.00

Last 5 Year EPS CAGR: -2.30%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.82%, which is a positive sign. The stock has a low average Working Capital Days of -344.55, which is a positive sign. The stock has a low average Cash Conversion Cycle of -21.27, which is a positive sign. The company has higher reserves (2,029.75 cr) compared to borrowings (41.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.50 cr) and profit (611.33 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 24.82%, which is a positive sign.
The stock has a low average Working Capital Days of -344.55, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -21.27, which is a positive sign.
The company has higher reserves (2,029.75 cr) compared to borrowings (41.08 cr), indicating strong financial stability.
The company has shown consistent growth in sales (1.50 cr) and profit (611.33 cr) over the years.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Rites Ltd:
1. Net Profit Margin: 18.55%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 19.06% (Industry Average ROCE: 12.13%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.04% (Industry Average ROE: 10.85%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 71.94
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.51
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 34.8 (Industry average Stock P/E: 58.98)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company's Total Operating Revenue is Rs. 2095.31 Cr. and Equity Capital is Rs. 480.60 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Project Consultancy/Turnkey	Scope Minar, Delhi Delhi 110092	cs@rites.com https://www.rites.com

Management
Name	Position Held
Mr. Rahul Mithal	Chairman & M.D & CEO
Mr. Krishna Gopal Agarwal	Director - Finance & CFO
Mr. Arun Kumar Singh	Director - Projects
Dr. Deepak Tripathi	Director - Technical
Mr. Laxman Tammanna Tapashi	Independent Director
Dr. Dineshananda Goswam	Independent Director
Mr. Likha Togu	Independent Director
Dr. Godawari Mishra	Independent Director
Mr. Sandeep Jain	Government Nominee Director
Mr. Shailendra Singh	Government Nominee Director

FAQ

What is the intrinsic value of Rites Ltd?

Rites Ltd's intrinsic value (as of 26 June 2025) is ₹234.00 — 16.13% lower the current market price of 279.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 13,394 Cr. market cap, FY2025-2026 high/low of ₹398/192, reserves of 2,160 Cr, and liabilities of 6,119 Cr.

What is the Market Cap of Rites Ltd?

The Market Cap of Rites Ltd is 13,394 Cr..

What is the current Stock Price of Rites Ltd as on 26 June 2025?

The current stock price of Rites Ltd as on 26 June 2025 is 279.

What is the High / Low of Rites Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Rites Ltd stocks is ₹398/192.

What is the Stock P/E of Rites Ltd?

The Stock P/E of Rites Ltd is 34.8.

What is the Book Value of Rites Ltd?

The Book Value of Rites Ltd is 54.9.

What is the Dividend Yield of Rites Ltd?

The Dividend Yield of Rites Ltd is 4.15 %.

What is the ROCE of Rites Ltd?

The ROCE of Rites Ltd is 20.8 %.

What is the ROE of Rites Ltd?

The ROE of Rites Ltd is 14.7 %.

What is the Face Value of Rites Ltd?

The Face Value of Rites Ltd is 10.0.