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Last Updated: April 2, 2026, 3:35 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 541556 | NSE: RITES

Rites Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹147.44Overvalued by 21.99%vs CMP ₹189.00

P/E (22.0) × ROE (14.7%) × BV (₹54.80) × DY (3.99%)

₹101.03Overvalued by 46.54%vs CMP ₹189.00
MoS: -87.1% (Negative)Confidence: 70/100 (High)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹140.9922%Over (-25.4%)
Graham NumberEarnings₹102.9116%Over (-45.6%)
Earnings PowerEarnings₹85.6213%Over (-54.7%)
DCFCash Flow₹94.4913%Over (-50%)
Net Asset ValueAssets₹54.697%Over (-71.1%)
EV/EBITDAEnterprise₹100.329%Over (-46.9%)
Earnings YieldEarnings₹85.907%Over (-54.6%)
ROCE CapitalReturns₹99.709%Over (-47.2%)
Revenue MultipleRevenue₹69.085%Over (-63.4%)
Consensus (9 models)₹101.03100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.4%

*Investments are subject to market risks

Investment Snapshot

71
Rites Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 21.8% ExcellentROE 14.7% GoodD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.13% (6mo) Slight increasePromoter holding at 72.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 26% SteadyWorking capital: -279 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): +9% YoY Positive
Industry Rank80/100 · Strong
P/E 22.0 vs industry 41.3 Cheaper than peersROCE 21.8% vs industry 12.1% Above peersROE 14.7% vs industry 10.7% Above peers3Y sales CAGR: -6% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Rites Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 22.0 vs Ind 41.3 | ROCE 21.8% | ROE 14.7% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.01x | IntCov 0.0x | Current 1.55x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹424 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.05 pp | DII -0.03 pp | Prom 0.00 pp
Business Momentum
+14
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +10.9% | Q NP +5.5% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-46.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.05 ppLatest FII% minus previous FII%
DII Change-0.03 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-10,614Latest shareholder count minus previous count
Quarterly Sales Change+10.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+5.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:35 am

Market Cap 9,103 Cr.
Current Price 189
Intrinsic Value₹101.03
High / Low 316/175
Stock P/E22.0
Book Value 54.8
Dividend Yield3.99 %
ROCE21.8 %
ROE14.7 %
Face Value 10.0
PEG Ratio-5.04

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

View Share Price Target for Rites Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Rites Ltd 9,103 Cr. 189 316/17522.0 54.83.99 %21.8 %14.7 % 10.0
Power Mech Projects Ltd 5,931 Cr. 1,876 3,415/1,71817.5 7230.07 %22.9 %16.3 % 10.0
Reliance Industrial Infrastructure Ltd 1,007 Cr. 667 1,048/61798.4 2820.52 %2.71 %2.32 % 10.0
Pansari Developers Ltd 442 Cr. 253 352/15126.0 76.90.00 %6.38 %5.73 % 10.0
Zodiac Energy Ltd 365 Cr. 241 563/20418.4 66.80.31 %20.0 %27.5 % 10.0
Industry Average2,826.00 Cr318.3941.33123.850.83%12.09%10.71%10.00

All Competitor Stocks of Rites Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 677687544582683643486541576615490549609
Expenses 484496383445514467380435458430376419466
Operating Profit 193191161138169176106106117186114130142
OPM % 29%28%30%24%25%27%22%20%20%30%23%24%23%
Other Income 27191828192725224427243530
Interest 2211201211111
Depreciation 19171614151614151617151717
Profit before tax 199191163150171187115111144195122146154
Tax % 26%27%26%27%25%27%21%26%24%27%25%25%25%
Net Profit 147139120110129137908210914191109115
EPS in Rs 2.912.752.252.102.502.621.641.522.082.761.672.042.12

Last Updated: March 3, 2026, 3:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0961,0131,2181,3511,4972,0472,4741,9052,6622,6282,4532,2182,262
Expenses 8166648711,0051,0711,4691,8111,3531,9331,8691,7921,6751,691
Operating Profit 280348347347427578663552729759661543572
OPM % 26%34%29%26%28%28%27%29%27%29%27%24%25%
Other Income 1271472082101542002681018410392118116
Interest 221142510109132121344
Depreciation 20263738363847526667616266
Profit before tax 385468518505519730874593735774670565617
Tax % 32%33%34%33%31%33%28%25%27%26%26%25%
Net Profit 261312340337357490633444539571495424456
EPS in Rs 10.4212.4913.556.576.859.3912.329.0010.7411.289.488.018.59
Dividend Payout % 20%20%40%46%32%54%65%72%79%91%95%94%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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:-7%
Compounded Profit Growth
10 Years:2%
5 Years:-9%
3 Years:-9%
TTM:-10%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:20%
1 Year:-22%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:18%
Last Year:15%

Last Updated: September 5, 2025, 1:05 pm

Balance Sheet

Last Updated: December 10, 2025, 3:20 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 100100100200200200250240240240240481481
Reserves 1,3251,5761,7071,8382,0142,2222,3832,1522,2482,3632,3692,1602,153
Borrowings 001738355484737285898
Other Liabilities 2,2111,9292,5312,6782,9012,9563,2223,4083,3263,3813,0473,4723,423
Total Liabilities 3,6363,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1216,065
Fixed Assets 198212476406402478590584560552535884871
CWIP 202634524415581011744870
Investments 228226220328133141261289205130109117103
Other Assets 3,1903,1413,7814,0604,6334,8035,0474,9485,0205,2084,8465,0725,020
Total Assets 3,6363,6054,5114,7995,1705,4265,9035,8375,8425,9915,6646,1216,065

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -89463555410164319516310560432637
Cash from Investing Activity + 291-520-56-4541394919462163-315-205
Cash from Financing Activity + -3839-215-217-279-420-708-376-483-504-405
Net Cash Flow 165-18284-26124-522-5239-38727
Free Cash Flow -19626954034812207436168424295505
CFO/OP 15%186%208%138%70%80%112%68%98%99%148%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow280.00348.00174.00264.00372.00530.00616.00515.00701.00754.00653.00534.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 108137161125114109124112101126134122
Inventory Days 273222302118196
Days Payable 165408184572144105589
Cash Conversion Cycle -30-239161125-47-161-911277-367134122
Working Capital Days -529-464-427-449-454-297-240-335-234-219-203-279
ROCE %30%28%21%24%30%33%23%29%30%25%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 3.37%3.44%3.98%3.22%4.17%3.50%3.20%3.34%3.33%3.47%3.51%3.46%
DIIs 15.89%15.25%12.72%12.27%11.09%10.78%9.63%8.83%8.66%8.64%8.66%8.63%
Public 8.53%9.11%11.10%12.31%12.53%13.50%14.95%15.63%15.79%15.69%15.63%15.70%
No. of Shareholders 1,11,7011,23,0741,45,0941,62,9862,35,2962,65,9843,50,2363,91,4694,11,7254,02,3344,03,1763,92,562

Shareholding Pattern Chart

No. of Shareholders

Rites Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 9,200,000 0.32 210.15N/AN/AN/A
HDFC Balanced Advantage Fund 600,000 0.01 13.71N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.0118.9523.7621.4917.54
Diluted EPS (Rs.) 8.0118.9523.7621.4917.54
Cash EPS (Rs.) 9.8522.9026.5025.1120.60
Book Value[Excl.RevalReserv]/Share (Rs.) 54.93113.23113.16107.97103.21
Book Value[Incl.RevalReserv]/Share (Rs.) 54.93113.23113.16107.97103.21
Revenue From Operations / Share (Rs.) 46.15102.07109.37110.7777.38
PBDIT / Share (Rs.) 12.9130.3935.2333.5927.02
PBIT / Share (Rs.) 11.6227.8632.4630.8624.86
PBT / Share (Rs.) 11.5027.6732.1730.5624.61
Net Profit / Share (Rs.) 8.5620.3823.7222.3818.44
NP After MI And SOA / Share (Rs.) 8.0118.9522.5621.4917.99
PBDIT Margin (%) 27.9829.7732.2130.3234.92
PBIT Margin (%) 25.1827.2929.6727.8632.13
PBT Margin (%) 24.9227.1029.4027.5831.80
Net Profit Margin (%) 18.5519.9621.6820.2023.83
NP After MI And SOA Margin (%) 17.3518.5620.6219.3923.25
Return on Networth / Equity (%) 14.5717.4520.8120.7418.07
Return on Capital Employeed (%) 19.0622.8925.8426.3921.81
Return On Assets (%) 6.288.049.078.867.41
Long Term Debt / Equity (X) 0.000.000.000.010.01
Total Debt / Equity (X) 0.000.000.000.010.01
Asset Turnover Ratio (%) 0.370.420.430.450.31
Current Ratio (X) 1.531.651.641.551.55
Quick Ratio (X) 1.511.651.631.511.46
Inventory Turnover Ratio (X) 53.430.000.000.000.00
Dividend Payout Ratio (NP) (%) 61.20100.2586.4481.4384.71
Dividend Payout Ratio (CP) (%) 52.6988.4776.9772.2575.63
Earning Retention Ratio (%) 38.80-0.2513.5618.5715.29
Cash Earning Retention Ratio (%) 47.3111.5323.0327.7524.37
Interest Coverage Ratio (X) 107.02155.04120.27111.34108.05
Interest Coverage Ratio (Post Tax) (X) 71.94104.9881.9775.1974.73
Enterprise Value (Cr.) 7473.0012933.725189.073146.362532.47
EV / Net Operating Revenue (X) 3.375.271.971.181.36
EV / EBITDA (X) 12.0417.716.133.903.90
MarketCap / Net Operating Revenue (X) 4.846.513.242.373.11
Retention Ratios (%) 38.79-0.2513.5518.5615.28
Price / BV (X) 4.076.123.272.542.42
Price / Net Operating Revenue (X) 4.846.513.242.373.11
EarningsYield 0.030.020.060.080.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Project Consultancy/TurnkeyScope Minar, Laxmi Nagar, Delhi Delhi 110092Contact not found
Management
NamePosition Held
Mr. Rahul MithalChairman & M.D & CEO
Mr. Krishna Gopal AgarwalDirector - Finance & CFO
Dr. Deepak TripathiDirector - Technical & Director Projects
Dr. Dineshananda GoswamIndependent Director
Mr. Likha ToguIndependent Director
Mr. Sandeep JainGovernment Nominee Director
Mr. Shailendra SinghGovernment Nominee Director
Mr. Rajbir SharmaIndependent Director
Ms. Purnima KerkettaIndependent Director

FAQ

What is the intrinsic value of Rites Ltd and is it undervalued?

As of 05 April 2026, Rites Ltd's intrinsic value is ₹101.03, which is 46.54% lower than the current market price of ₹189.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.7 %), book value (₹54.8), dividend yield (3.99 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rites Ltd?

Rites Ltd is trading at ₹189.00 as of 05 April 2026, with a FY2026-2027 high of ₹316 and low of ₹175. The stock is currently near its 52-week low. Market cap stands at ₹9,103 Cr..

How does Rites Ltd's P/E ratio compare to its industry?

Rites Ltd has a P/E ratio of 22.0, which is below the industry average of 41.33. This is broadly in line with or below the industry average.

Is Rites Ltd financially healthy?

Key indicators for Rites Ltd: ROCE of 21.8 % indicates efficient capital utilization. Dividend yield is 3.99 %.

Is Rites Ltd profitable and how is the profit trend?

Rites Ltd reported a net profit of ₹424 Cr in Mar 2025 on revenue of ₹2,218 Cr. Compared to ₹539 Cr in Mar 2022, the net profit shows a declining trend.

Does Rites Ltd pay dividends?

Rites Ltd has a dividend yield of 3.99 % at the current price of ₹189.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rites Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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