Company RITES Limited

Equities

RITES

INE320J01015

Business Support Services

Market Closed - NSE India S.E. 08:02:01 2024-03-28 am EDT 5-day change 1st Jan Change
663.8 INR +0.14% Intraday chart for RITES Limited +3.21% +32.13%

Business Summary

RITES Limited is an India-based engineering and consultancy company. The Company offers various services from concept to commissioning in transport infrastructure and related technologies. It operates through four segments: Consultancy Services, Leasing of railway rolling stock & equipment’s, Export of rolling stock, equipment’s and spares, and Turnkey Construction Projects. Its sectors of operation include Railways, Metros, Airports & Land Ports, Ports & Harbors, Highways, Ropeways, Tunnels & Bridges, Institutional Buildings, Renewable Energy, and Urban Planning & Infrastructure. It also provides services of Project Management Consultancy, Techno-Economic Feasibility, Detailed Project Report, Third Party Inspection, Transaction Advisory, Wet Leasing of Locomotives, Construction Supervision, Exports of Rolling Stock, Quality Assurance, Design Engineering Activities, and Sustainability Consultancy. Its subsidiaries are RITES (Afrika) (Pty) Limited and REMC Limited.

Number of employees: 1,710

Sales per Business

INR in Million2022Weight2023Weight Delta
Consultancy Services
48.6 %
10,843 40.7 % 12,783 48.6 % +17.89%
Turnkey Construction Projects
33.7 %
4,594 17.3 % 8,845 33.7 % +92.55%
Export
11.7 %
9,658 36.3 % 3,078 11.7 % -68.13%
Leasing
5.2 %
1,310 4.9 % 1,377 5.2 % +5.17%
Power Generation
0.8 %
214 0.8 % 198 0.8 % -7.25%

Sales per region

INR in Million2022Weight2023Weight Delta
India
82.0 %
15,897 59.7 % 21,554 82.0 % +35.58%
Africa
14.9 %
2,835 10.7 % 3,913 14.9 % +38.02%
Asia
2.5 %
7,886 29.6 % 668 2.5 % -91.54%
Abroad
0.6 %
-- 148 0.6 % -

Managers

Managers TitleAgeSince
Chief Executive Officer 56 21-10-06
Director of Finance/CFO - 21-06-16
Chief Tech/Sci/R&D Officer 55 22-12-04
Director/Board Member - -
Human Resources Officer - -
Human Resources Officer - -
Corporate Officer/Principal - -
General Counsel - 23-09-30

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 56 21-10-06
Director/Board Member 66 21-11-09
Director/Board Member 59 21-11-09
Director/Board Member 66 21-11-10
Director/Board Member 55 21-12-15
Director/Board Member - 22-01-20
Director/Board Member - -
Chief Tech/Sci/R&D Officer 55 22-12-04
Director of Finance/CFO - 21-06-16

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 240,300,000 66,797,114 ( 27.80 %) 0 27.80 %

Shareholders

NameEquities%Valuation
Government of India
72.20 %
173,504,773 72.20 % 1 639 M ₹
Life Insurance Corporation of India (Investment Portfolio)
6.271 %
15,068,520 6.271 % 142 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
2.229 %
5,357,463 2.229 % 51 M ₹
SBI Funds Management Ltd.
0.3982 %
956,998 0.3982 % 9 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management)
0.2957 %
710,686 0.2957 % 7 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
0.2140 %
514,239 0.2140 % 5 M ₹
HSBC Asset Management (India) Pvt Ltd.
0.1751 %
420,700 0.1751 % 4 M ₹
Union Asset Management Co. Pvt Ltd.
0.0369 %
88,615 0.0369 % 837 082 ₹
State Street Global Advisors Ltd.
0.0324 %
77,876 0.0324 % 735 639 ₹
Storebrand Asset Management AS
0.0311 %
74,615 0.0311 % 704 834 ₹

Company contact information

RITES Ltd.

Shikhar, Plot No.1 Sector 29

122001, Gurgaon

+91 12 4257 1666

http://www.rites.com
address RITES Limited(RITES)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
663.8 INR
Average target price
728.8 INR
Spread / Average Target
+9.78%
Consensus

Quarterly revenue - Rate of surprise